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Trading Made Simple

  • #4,901
  • Jun 7, 2011 1:47pm Jun 7, 2011 1:47pm
Quoting Ezmai
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.
Personally, I will check one tf higher and one lower prior to entry. I don't enter if see a direction change on the lower and reconsider after it heads back in the direction of the cross ( staying within a 1st or 2nd candle, per rule of the tf). And if all 3 line up....Jack pot!

Ellfranz will check one lower tf also Ive read.
  • #4,902
  • Jun 7, 2011 2:01pm Jun 7, 2011 2:01pm
Quoting Wbm
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?
Go into full zoom in, then hit the zoom out button twice.
  • #4,903
  • Jun 7, 2011 2:03pm Jun 7, 2011 2:03pm
Quoting Chillypiper
Personally, I will check one tf higher and one lower prior to entry. I don't enter if see a direction change on the lower and reconsider after it heads back in the direction of the cross ( staying within a 1st or 2nd candle, per rule of the tf). And if all 3 line up....Jack pot!

Ellfranz will check one lower tf also Ive read.
I'm with you. Brilliant. Thank you.
The things which hurt, instruct! - Benjamin Franklin
  • #4,904
  • Jun 7, 2011 2:29pm Jun 7, 2011 2:29pm
Quoting Wbm
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?
I have wondered the same thing but don't know the answer. I don't even know how to figure 1/6 or 2/6 zoom etc. I just adjust it to where I have a clear picture.
  • #4,905
  • Edited 3:41pm Jun 7, 2011 2:32pm | Edited 3:41pm
Quoting tomthepoppop
I have wondered the same thing but don't know the answer. I don't even know how to figure 1/6 or 2/6 zoom etc. I just adjust it to where I have a clear picture.
Big E use full zoom (-) two times as per my earlier chart to confirm TDI crosses and bounces.
  • #4,906
  • Jun 7, 2011 2:40pm Jun 7, 2011 2:40pm
Quoting Wbm
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?
You can take as an example the chart posted by Big E in the first page
  • #4,907
  • Jun 7, 2011 3:19pm Jun 7, 2011 3:19pm
Quoting Danyjoe
You can take as an example the chart posted by Big E in the first page
So basically there are no guidelines - just get it to where you have a clear picture is what I am seeing. No specific zoom levels. Anyone else with more knowledge on the subject?
  • #4,908
  • Jun 7, 2011 3:37pm Jun 7, 2011 3:37pm
Quoting Chillypiper
Big E use full zoom (-) one as per my earlier chart to confirm TDI crosses and bounces.
Ummmm, Yes there is what Ive read Tom.

Ps.. Checking for possible daily set ups and don't see any except the kiwi. Anybody else see any at 14:00 PST
  • #4,909
  • Jun 7, 2011 3:38pm Jun 7, 2011 3:38pm
BigE zooms into the max level - then zooms out twice. I use Plamen's TDI as it takes out all the stress of worrying if the TDI green line at the correct angle or not. This thread has modified TMS indicators that have extra features over the original ones. I feel they make things a little easier whilst staying true to the simplicity of BigE's TMS system.

http://www.forexfactory.com/showthre...ng+made+simple
  • #4,910
  • Jun 7, 2011 3:43pm Jun 7, 2011 3:43pm
Quoting Chillypiper
Ummmm, Yes there is what Ive read Tom.

Ps.. Checking for possible daily set ups and don't see any except the kiwi. Anybody else see any at 14:00 PST
PSS..Dammit, changed to twice NOT once on original post Thanks 2scoops!
  • #4,911
  • Jun 7, 2011 4:37pm Jun 7, 2011 4:37pm
Quoting Chillypiper
Ummmm, Yes there is what Ive read Tom.

Ps.. Checking for possible daily set ups and don't see any except the kiwi. Anybody else see any at 14:00 PST

CHFJPY short perhaps , although the candle body is diddley
  • #4,912
  • Jun 7, 2011 4:55pm Jun 7, 2011 4:55pm
Quoting peterporter
CHFJPY short perhaps , although the candle body is diddley
Thanks for the reply Peter, LoL, preety diddley... Still ranging, check out the 1hr ( head back up).
Sure looks like a long way down to the daily channel though, Huh. I think id like to see a nicer angel also. No daily's today for me. Check back at 18:00 PST.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy daily.gif Size: 32 KB
  • #4,913
  • Jun 7, 2011 5:03pm Jun 7, 2011 5:03pm
Anybody looking at the usd/cad on daily?

I can't decide.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 19 KB
  • #4,914
  • Jun 7, 2011 5:13pm Jun 7, 2011 5:13pm
Quoting Nate04
Anybody looking at the usd/cad on daily?

I can't decide.
I'm scard Nate, we traded that pair last week. I got burned by not closing it when in profit and took me 2 days to dump it with a -28 piper.

Also, I show it on the bottom of my 4hr channel..
  • #4,915
  • Jun 7, 2011 5:19pm Jun 7, 2011 5:19pm
Quoting Chillypiper
I'm scard Nate, we traded that pair last week. I got burned by not closing it when in profit and took me 2 days to dump it with a -28 piper.

Also, I show it on the bottom of my 4hr channel..
Yeah, I'm thinking I am going to pass on it. I can't talk myself into taking a trade on it...
  • #4,916
  • Jun 7, 2011 5:23pm Jun 7, 2011 5:23pm
Quoting Nate04
Anybody looking at the usd/cad on daily?

I can't decide.
Its pretty hard to go for anything when there is no momentum, Thats why I usually wait till the 4h in about 8 hours time
I see some sort of direction, momentum

When I put these trades on they just hange around my entry , then go the wrong way for me and unfortuantely I dont have the patience to sit with DD until they turn around
  • #4,917
  • Jun 7, 2011 5:30pm Jun 7, 2011 5:30pm
I wish BigE was around this time of day... I wonder what he would do?
  • #4,918
  • Jun 7, 2011 5:36pm Jun 7, 2011 5:36pm
Quoting peterporter
Its pretty hard to go for anything when there is no momentum, Thats why I usually wait till the 4h in about 8 hours time
I see some sort of direction, momentum

When I put these trades on they just hange around my entry , then go the wrong way for me and unfortuantely I dont have the patience to sit with DD until they turn around

Aint that the truth !
  • #4,919
  • Jun 7, 2011 6:05pm Jun 7, 2011 6:05pm
Hi Everyone,

Yesterday at the opening of the London market (my candles open at 9am London time), I took 8 trades that looked great (24 charts open being monitored). In less than one hour I had 110 pips in profit, but I did not close. Then it went -50 and I closed everything when I had 60 pips profit few hours later.

40 pips is all I need per day to achieve staggering 2% per day. Trading 4 days per week, 16 days per month and 10 months per year as I am planning a 2 months holiday . It will compound and give me 2377% in the end of the 10 months. Turning $1000 into $23,000 (if you do 1% per day it will give you 500%, not bad!!!!.)

This 8 trades took about 50% in margin. I had all stops set to -50.
For a $1000 account I am using 0.05 lots.

Please share your thoughts, do you think this is the way, are the lot sizes appropriated or should I reduce it and go for more pips?

Thanks,
Erick
build a better future. ForexNation dot Org
  • #4,920
  • Jun 7, 2011 6:06pm Jun 7, 2011 6:06pm
Hello All Dreamers like me

Looks like a buy signal on Gbp/Jpy (1hr).

Will post the chart soon.

Any comments?

KC
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