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Trading Made Simple

  • #5,021
  • Jun 8, 2011 3:20pm Jun 8, 2011 3:20pm
Quoting dean
Here's an idea....why dont you try it for yourself and see how high your strike rate is big mouth.
OR....if you consider yourself such a genius all you need to do is simply lay out your method for everyone to follow and make a fortune. Fact is...you are back here because you know there is substance behind this.
Go away.....negativity here is unwanted.


Well said, I did not make any money with this system. I am still learning this new simple system. This is the only thread where I really like every one except him. Almost every one I can feel that they see something good and trying to teach or trying to learn. No fighting here. Full respect for each other and most of the thread orginators will be gone by the the 100th page. I see Big E and all his old buddy's here regular.

Bottom line is you are 100% correct we dont need any -ive notes here.

May be he is jealous of all upcoming Millionaires from this thread. May be he is so upset that this link is hit by so many every day (OR) may be he is one of the failed mentors...

KC.
  • #5,022
  • Jun 8, 2011 3:44pm Jun 8, 2011 3:44pm
Quoting mackaozy
I concur. There is nice short on EUR/GBP 4hr however.
I added that pair to my screen. It has had some great moves lately
  • #5,023
  • Jun 8, 2011 4:42pm Jun 8, 2011 4:42pm
GBP/JPY +9
EUR/USD +77(still open)
EUR/JPY +22
AUD/USD +11
GBP/USD +2
GBP/JPY +3
USD/CHF -13(was lateral and there was a resistance ... I did not care)
EUR/JPY +9
EUR/GBP +3(still open)

+123 pips

many risks today.. but I learned something very important
the trend of the red line is as important as the green ...
the green indicates the time of entry
but red the trend

seems trivial ....
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  • #5,024
  • Jun 8, 2011 4:44pm Jun 8, 2011 4:44pm
what do you think?
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  • #5,025
  • Jun 8, 2011 5:17pm Jun 8, 2011 5:17pm
3 daily trades taken...

Thoughts?
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  • #5,026
  • Jun 8, 2011 5:33pm Jun 8, 2011 5:33pm
Quoting Nate04
3 daily trades taken...

Thoughts?
Hi Nate, hope your right! Here is my take.

E/G Not a cross yet
E/U Small candle and hasn't cleared the previous 2 days low yet.
A/U Look ar the last reversal (very small the last couple ) with usd index heading south after a dbl top.

But good luck sir, just my chatter...
  • #5,027
  • Jun 8, 2011 5:41pm Jun 8, 2011 5:41pm
Quoting Chillypiper
Hi Nate, hope your right! Here is my take.

E/G Not a cross yet
E/U Small candle and hasn't cleared the previous 2 days low yet.
A/U Look ar the last reversal (very small the last couple ) with usd index heading south after a dbl top.

But good luck sir, just my chatter...
The E/G isn't a cross by much, but it has... just barely.
E/U is a candle that just opened, I'm literally taking the trade off the cross and the 68 lvl it is hanging out at.
U/A I will be keeping my eye on closely. Especially around that last reversal. I hope it works out too. Luckily I don't put much on any one trade, so it isn't gonna hurt much if I lose.
  • #5,028
  • Jun 8, 2011 6:02pm Jun 8, 2011 6:02pm
AUD employment numbers in 2 1/2 hours be careful.
  • #5,029
  • Jun 8, 2011 6:08pm Jun 8, 2011 6:08pm
Quoting Nate04
The E/G isn't a cross by much, but it has... just barely.
E/U is a candle that just opened, I'm literally taking the trade off the cross and the 68 lvl it is hanging out at.
U/A I will be keeping my eye on closely. Especially around that last reversal. I hope it works out too. Luckily I don't put much on any one trade, so it isn't gonna hurt much if I lose.
Keep up your good work Nate. I dont think there is anyone else trading the dailies with this method that seems to post at least. I keep watching, but I am finding it very rare to find a set up. I think it is not outside the spirit of the method, for the daily, to wait a few hours and see how the Tokyo market opens, as at the end of NY there is a bit of squaring off going on that can distort things a little bit. Note also this morning the Aussie employment numbers which help clarify the tone on that pair.
  • #5,030
  • Jun 8, 2011 7:03pm Jun 8, 2011 7:03pm
Hey first off, Thanks Big E and everyone else who is making this system my first truly successful one.

Now, as of right now it looks like bot hthe E/J and the A/U are setting up/ahve set up for a long position. One concern is that on the 4H they bot hlook to be in consolidation to some degree. Any thoughts?

Im kickin myself in the butt for not taking E/U short at midnight last night -- woulda been 100 pips in the bank

Stefan416
  • #5,031
  • Jun 8, 2011 7:17pm Jun 8, 2011 7:17pm
Quoting stefan416
Hey first off, Thanks Big E and everyone else who is making this system my first truly successful one.

Now, as of right now it looks like bot hthe E/J and the A/U are setting up/ahve set up for a long position. One concern is that on the 4H they bot hlook to be in consolidation to some degree. Any thoughts?

Im kickin myself in the butt for not taking E/U short at midnight last night -- woulda been 100 pips in the bank

Stefan416
Stefan - post up a chart if you can of your set ups. Not a fan of either. Entry candle should be 1 or 2, not 4 or 5 and the green line is hooking down on the E/J, and note the news on the Aussie - assuming you are talking about the one hour?
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  • #5,032
  • Jun 8, 2011 7:22pm Jun 8, 2011 7:22pm
Quoting Nate04
The E/G isn't a cross by much, but it has... just barely.
E/U is a candle that just opened, I'm literally taking the trade off the cross and the 68 lvl it is hanging out at.
U/A I will be keeping my eye on closely. Especially around that last reversal. I hope it works out too. Luckily I don't put much on any one trade, so it isn't gonna hurt much if I lose.

Been reading this thread for a while, and glad to see others trading daily!

AUDUSD - i'm also in this and watching closely
EURGBP - watching this closely, but just waiting for a new candle to open up under the 5 EMA. it does look overbought on Stochs
EURUSD - Again, do you not need to wait for a new candle to open up under the 5 EMA

I'm looking at the AUDCAD right now. Candle has gone through the 5 EMA, green running down at good angle after a nice bounce off the 68. Stochs confirming. Thoughts?
  • #5,033
  • Jun 8, 2011 7:24pm Jun 8, 2011 7:24pm
Yeah sorry, havent looked up how to post charts yet but will definitely read up on it. I was refering to the 4 hour. I had scoped out the 1 hour and saw that it wasnt to good but as Big E has stated a few times, he doesnt really look lower (if I remember correctly). Of course tighter entries are always better. I am jsut wondering what other poeple thought of that currency right now -- for everyones reference even.
  • #5,034
  • Jun 8, 2011 7:32pm Jun 8, 2011 7:32pm
Quoting stefan416
Yeah sorry, havent looked up how to post charts yet but will definitely read up on it. I was refering to the 4 hour. I had scoped out the 1 hour and saw that it wasnt to good but as Big E has stated a few times, he doesnt really look lower (if I remember correctly). Of course tighter entries are always better. I am jsut wondering what other poeple thought of that currency right now -- for everyones reference even.
No worries - hope they set up for us all.

Re posting charts:

  1. Right click on chart then select "save as picture "
  2. Click active chart..ok...then save to somewhere such as pictures
  3. Then in the reply to post area click on the paper clip next to the smilies...browse computer to find picture then double click then upload.

  • #5,035
  • Jun 8, 2011 7:56pm Jun 8, 2011 7:56pm
I think trading Daily is a bit risky if the signal is not strong because the stop loss will be big around 100 pips and if it gets hit that will hurt. I like 4H where the stop loss is around +/- 30pips. What u guys think?

EUR/GBP looks like good to look at right now someone mention it not once so I won't post any charts. Looking at daily tho. I think we need to wait for the Daily Candle to confirm or maybe we need to see 2 more candles confirmed for a strong signal for short? Any ideas?
Lybi lydey, lybi vragov.
  • #5,036
  • Jun 8, 2011 8:01pm Jun 8, 2011 8:01pm
Quoting Pip Maker
I think trading Daily is a bit risky if the signal is not strong because the stop loss will be big around 100 pips and if it gets hit that will hurt. I like 4H where the stop loss is around +/- 30pips. What u guys think?
Its all relative, plus money management is the key, lower your units and have more patience.... trade if it suits your personality, I love the day trades but only enter near london open to get clear indication.

BTW Yen crosses are looking extremely vulnerable... G/J...E/J...A/J all looking interesting.
  • #5,037
  • Jun 8, 2011 8:10pm Jun 8, 2011 8:10pm
Buy the rumor.... @BE+1
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  • #5,038
  • Jun 8, 2011 8:44pm Jun 8, 2011 8:44pm
hey, Chilli did your broker honour your stop? market gapped down and sometimes you cop it in the rear end when that happens
  • #5,039
  • Jun 8, 2011 8:52pm Jun 8, 2011 8:52pm
just took this trade on aud/jpy. I saw it setup at 4pm with the first blue candle. So I waited until 8pm for the next candle. I prefer to enter trade on the open of the second candle. Also since it was open of Tokyo market I just went for 30 pips. Just noticed a/j pulled back. I guess I got lucky.
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  • #5,040
  • Jun 8, 2011 9:01pm Jun 8, 2011 9:01pm
Quoting silversurfer
hey, Chilli did your broker honour your stop? market gapped down and sometimes you cop it in the rear end when that happens
Thanks for the heads up sir. Got me 18pipers 3m before the news.

That happen to me a few months back though on a news trade box in, took both orders and both stops...Left me with a gap of about 130piper before me liquidator closing me out.. A few hundred bucks...Man I was beside my self, pissed off mother f-er....It actually pulled me in with a 10pip spread too! After a few days of letter wighting, I got it back..!

Taught me a bit about spreads and gap-age not to mention how to NOT allow them to get you! And they will if you give them a reason!
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