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Trading Made Simple

  • #4,881
  • Jun 7, 2011 11:29am Jun 7, 2011 11:29am
Quoting Forex37
As far as I know, BIG E wanted to have a zen like clean system. So he started out from cluttered full systems and screens - and stripped off what is not necessary! Just read the first few pages of this thread. So there shouldn`t be any M15 screenshots in this thread - no additional indicators..... and no EA.

Just my understanding of his teaching. And my impression from his other thread ( in the Commercial section).

Regards

Forex37
OK Im finished, only 1 hour charts
Look at something long enough, you will eventually get it.
  • #4,882
  • Jun 7, 2011 11:48am Jun 7, 2011 11:48am
Quoting tomthepoppop
I don't understand - I did not realize we had to wait until it hit 50. It did go up 11+ pips but now down to +3. It just really looked like a strong move up on the 4hr so I took it. Wish I had gotten in sooner like 2scoops did. I do appreciate feedback.
Dont get yourself confused with this system,if you have not read from the begining pls do. Firstly. It seems you are panic. If you are trading on 4hr chat- dont sit down and watch every pips moving. Only scalpers do that. Secondly. There is no rule in TMS that tdi must be above 50. Only cross in a good position with good HA CANDLE is needed. Infact many trades above 50 may be dangerous if overbought. Thirdly. Keep it simple. Dont add additional indicator like adx~ you with get confused more. Just basic forex and tdi with momentum
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #4,883
  • Jun 7, 2011 12:00pm Jun 7, 2011 12:00pm
Quoting tomthepoppop
I don't understand - I did not realize we had to wait until it hit 50. It did go up 11+ pips but now down to +3. It just really looked like a strong move up on the 4hr so I took it. Wish I had gotten in sooner like 2scoops did. I do appreciate feedback.

Rearding the "proper" value of the TDI Big E has posted a couple of times that he loves going long with TDI bouncing from 32 and going short with TDI bouncing down from 68.

So TDI being below 50 should be a good entry for long positions. But should be 12-2, as it was!

Regards

Forex37
  • #4,884
  • Jun 7, 2011 12:27pm Jun 7, 2011 12:27pm
Quoting DaveUK
Yes, my understanding is that if you're going long and the TDI is below 50, all the better!

Looked like a good signal for sure, but you're trading against the long-term trend and right into potentially strong resistance at yesterday's high. Then again, it could just pop that resistance and earn you well. If it does though, I'd bring stop loss into break even pretty fast. Or if it turns south, I'd get out quick!
Yeah that worried me going against the trend but I thought I may have the room to get a win. Thanks for input. I will get out if it goes south.
  • #4,885
  • Jun 7, 2011 12:28pm Jun 7, 2011 12:28pm
Quoting adeforex
Dont get yourself confused with this system,if you have not read from the begining pls do. Firstly. It seems you are panic. If you are trading on 4hr chat- dont sit down and watch every pips moving. Only scalpers do that. Secondly. There is no rule in TMS that tdi must be above 50. Only cross in a good position with good HA CANDLE is needed. Infact many trades above 50 may be dangerous if overbought. Thirdly. Keep it simple. Dont add additional indicator like adx~ you with get confused more. Just basic forex and tdi with momentum
Good advice - keep it simple - that is why I got into this thread to begin with. Thks for input.
  • #4,886
  • Jun 7, 2011 12:30pm Jun 7, 2011 12:30pm
Quoting Forex37
Rearding the "proper" value of the TDI Big E has posted a couple of times that he loves going long with TDI bouncing from 32 and going short with TDI bouncing down from 68.

So TDI being below 50 should be a good entry for long positions. But should be 12-2, as it was!
Regards

Forex37
Glad you saw what I saw - I appreciate the comments. Thanks.
  • #4,887
  • Jun 7, 2011 12:33pm Jun 7, 2011 12:33pm
There is no rule of waiting for TDI Green to be over 50 ! When Green CROSSES red and all else looks satisfactory... that is an entry signal.
  • #4,888
  • Jun 7, 2011 12:43pm Jun 7, 2011 12:43pm
Quoting tomthepoppop
I just entered long on the usd/chf at 83779 with a limit of 50 pips on the four hr chart. Please comment with assist. Thks PS. Time was 10:29 Eastern Daylite Savings time
do you have the picture of the chart?
  • #4,889
  • Jun 7, 2011 12:45pm Jun 7, 2011 12:45pm
Ok Gang...

Lets try an experiment... If you prefer trying the method on a lower timeframe... post your results... and let's talk about it...
  • #4,890
  • Jun 7, 2011 12:49pm Jun 7, 2011 12:49pm
Quoting eelfranz
There is no rule of waiting for TDI Green to be over 50 ! When Green CROSSES red and all else looks satisfactory... that is an entry signal.

Hi Eelfranz. If you live in Britain do you trade 1 hour or 4 hours?
Demand is not one wants, but what one can pay for
  • #4,891
  • Jun 7, 2011 12:53pm Jun 7, 2011 12:53pm
Quoting roterio
Hi Eelfranz. If you live in Britain do you trade 1 hour or 4 hours?
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

[font=Comic Sans MS][size=3][color=#0000ff]My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles...

http://www.forexmarkethours.com/



Here there is everything
just a calculator
  • #4,892
  • Jun 7, 2011 12:59pm Jun 7, 2011 12:59pm
Hi Ellfranz, hope your well. I admit I am doing some 15m out of boredom between my 4hr and daily tf.

Heres one I have going.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd15m.gif Size: 31 KB
  • #4,893
  • Jun 7, 2011 1:02pm Jun 7, 2011 1:02pm
Hey people, what a pleasure to find this thread. I have finished reading through. Thank you for your great support and enthusiam. A huge thanks to eelfranz.

My first trade and post:-

Trade - USDCHF
Timeframe - 4 hr (Check)
STOCH - Up (Check)
TDI - Green X Up (Check)

Action - Buy trade entered.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110607 usdchf.jpg Size: 122 KB
The things which hurt, instruct! - Benjamin Franklin
  • #4,894
  • Jun 7, 2011 1:07pm Jun 7, 2011 1:07pm
Quoting Chillypiper
Hi Ellfranz, hope your well. I admit I am doing some 15m out of boredom between my 4hr and daily tf.

Heres one I have going.
TP Hit +20 pipers.

1hr cross, but at 2.30 I'll pass I think and look around more for a better set up..
  • #4,895
  • Jun 7, 2011 1:11pm Jun 7, 2011 1:11pm
Quoting Ezmai
Hey people, what a pleasure to find this thread. I have finished reading through. Thank you for your great support and enthusiam. A huge thanks to eelfranz.

My first trade and post:-

Trade - USDCHF
Timeframe - 4 hr (Check)
STOCH - Up (Check)
TDI - Green X Up (Check)

Action - Buy trade entered.
looks good but I see little candles and resistance
maybe in small and great timeframe something is wrong
  • #4,896
  • Jun 7, 2011 1:21pm Jun 7, 2011 1:21pm
Quoting Ezmai
Hey people, what a pleasure to find this thread. I have finished reading through. Thank you for your great support and enthusiam. A huge thanks to eelfranz.

My first trade and post:-

Trade - USDCHF
Timeframe - 4 hr (Check)
STOCH - Up (Check)
TDI - Green X Up (Check)

Action - Buy trade entered.
Hi Ezmai and welcome, yes good direction and sig. But, careful, check your 1hr too it's in a pullback at the last pivot low.

Good luck
PS.. We also have Bernanke speech in about an hour...what a @#&!!*@&@!!!!
  • #4,897
  • Jun 7, 2011 1:31pm Jun 7, 2011 1:31pm
Quoting Danyjoe
looks good but I see little candles and resistance
maybe in small and great timeframe something is wrong
Danyjoe, thank you.
The things which hurt, instruct! - Benjamin Franklin
  • #4,898
  • Jun 7, 2011 1:36pm Jun 7, 2011 1:36pm
Quoting Chillypiper
Hi Ezmai and welcome, yes good direction and sig. But, careful, check your 1hr too it's in a pullback at the last pivot low.

Good luck
PS.. We also have Bernanke speech in about an hour...what a @#&!!*@&@!!!!
Chillypiper, thanks for the warning. I have attached my 1hr timeframe view. I guess that it is clear that price action and stoch is headed south. The TDI is also about to X down. However, I'm confused is the 4hour timeframe not the stronger view. Should one not view up, that is, the dailies and not down to the 1hr??

Thanks for your advice and time.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110607 usdchf 1hr.jpg Size: 108 KB
The things which hurt, instruct! - Benjamin Franklin
  • #4,899
  • Jun 7, 2011 1:38pm Jun 7, 2011 1:38pm
Quoting eelfranz
Ok Gang...

Lets try an experiment... If you prefer trying the method on a lower timeframe... post your results... and let's talk about it...
It is always good to see you making comments - straight to the point. This is such a simple system. I am down to just the TDI and the 5 EMA - nothing else. It is great - I just took a look at 2 am this morning here on the east coast. WOW! The setups were exactly as you said they were - Ridiculous -- in a good way. I gotta set my alarm for the London hours - setups and movement are really great. Thanks for that tip.

BTW - I looks like 30 min. timeframe (MIGHT) be good for some movement during the day but I don't like going any lower. Will let you know if I trade it and the results.
  • #4,900
  • Jun 7, 2011 1:42pm Jun 7, 2011 1:42pm
Hi, I was just wondering the 12-2 and 4-6 rule does that apply to the full zoom on the trading chart i mean the 1/6 zoom or is it the 2/6 zoom? Because it's very rare for me to see the TDI going to 12-2 or 4-6. So im assuming it's the 2/6 zoom am I right in thinking that?
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