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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #5,081
  • Jun 9, 2011 8:23am Jun 9, 2011 8:23am
Quoting roterio
candles are too small. I hope it goes well.
True roterio.
closed the trade at -10pips after the next APB turned red on me. Lost less than I had purposed for that trade. So, OK.
Thanks for the heads-up. Made me revisit Dean's Checklist. Twice.
  • #5,082
  • Jun 9, 2011 8:26am Jun 9, 2011 8:26am
Today I make 4 trades, e/y buy +10, e/g buy +10, u/c sell -17 and n/u sell +10, total pips for today +13 tommorow is another day!
Si stiu, stiu deja, intr-o zi o sa ajung cineva...
  • #5,083
  • Jun 9, 2011 8:27am Jun 9, 2011 8:27am
Quoting vbmark
Is there an indicator that would provide some sort of numerical representation
of what angle the green line is at in time? Like 2:30 or 4:10?

Thanks
Quoting wrenski
Haha....that's a good one!
Wow, I didn't think new people got laughed at for asking question.
  • #5,084
  • Jun 9, 2011 8:27am Jun 9, 2011 8:27am
Hi Hawaii5000,

I struggle with the same questions. Trading the longer timeframes is new for me as most of my experience has been with the lower time frames. I am getting pretty confident with the 1h but will need to work up to the 4h and daily. I am a rookie with this method but I like what I have sceen over the past few weeks. I work full time and live in the NY time zone. I can easily look at charts at the top of every hour which is why I am learning Eric's method.

Kurt


Quoting hawaii5000
Possible set-ups?

 

  1. Short on the 1H?
  2. Long on the 4H?
  3. Short on the Daily?

Take all 3? I can (live in Australia)?

  • #5,085
  • Jun 9, 2011 8:32am Jun 9, 2011 8:32am
Quoting vbmark
Wow, I didn't think new people got laughed at for asking question.
Were you serious? I thought you were joking. It is not too hard to imagine a clock face and visualize whether or not you are in the right clock position.

Sorry for having a laugh on your behalf.
  • #5,086
  • Jun 9, 2011 9:12am Jun 9, 2011 9:12am
Quoting TheRoper
Hi Hawaii5000,

I struggle with the same questions. Trading the longer timeframes is new for me as most of my experience has been with the lower time frames. I am getting pretty confident with the 1h but will need to work up to the 4h and daily. I am a rookie with this method but I like what I have sceen over the past few weeks. I work full time and live in the NY time zone. I can easily look at charts at the top of every hour which is why I am learning Eric's method.

Kurt
Thanks for the reply. The dilemma b/w conflicting timeframes is obviously not unique to this method. The 1 and 4H do seem to produce the most reliable signals, provided usual PA factors are considered pre-trigger. Very grateful to Big E for the method - its elegance is definitely its simplicity.

Possible long on the AUDUSD btw (M15 and 4H).
  • #5,087
  • Jun 9, 2011 9:23am Jun 9, 2011 9:23am
Quoting wrenski
Were you serious? I thought you were joking. It is not too hard to imagine a clock face and visualize whether or not you are in the right clock position.

Sorry for having a laugh on your behalf.
No problem. I just don't use regular clock faces. My watch and computer clock are digital. I have a hard time visualizing where, for example, 4:00 is.
  • #5,088
  • Jun 9, 2011 9:24am Jun 9, 2011 9:24am
gbp/usd cross on TDI. Could be a trade
  • #5,089
  • Jun 9, 2011 9:32am Jun 9, 2011 9:32am
Quoting vbmark
Is there an indicator that would provide some sort of numerical representation
of what angle the green line is at in time? Like 2:30 or 4:10?

Thanks
There's an indicator on page 7 of the paper clip attachments up top called @TMS_TDI_Slope that may be what you're looking for.
My favorite crochet hook is size J. It's a J-Hook!
  • #5,090
  • Jun 9, 2011 9:41am Jun 9, 2011 9:41am
Quoting Jules9
gbp/usd cross on TDI. Could be a trade
Just got a snapshot ready to upload and saw your post :-) I mean this is not exactly a reply to your post, but an observation I did few mins ago.

I'd be very careful about Shorting cable:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 33 KB
Bah...
  • #5,091
  • Jun 9, 2011 9:45am Jun 9, 2011 9:45am
Thanks Plamen. New here and advice is always helpful.
  • #5,092
  • Jun 9, 2011 9:46am Jun 9, 2011 9:46am
What indicator is this?

Attached Image


Thank you.
  • #5,093
  • Jun 9, 2011 10:10am Jun 9, 2011 10:10am
Hi guys,

I have attached a simulator that I have been using to back test FX methods. Got it from another thread in FF some time last year.

It allows you to place trades, set stops and TPs on real (but historical) market conditions. You can adjust the speed, which enables you to test the system on a large amount of price data in a very short time.

I normally use it over weekends or whenever i need to.

Just start it, load your template and drag and drop buy/sell orders. simple. Plus you do not necessarily need to be online to use it.

It comes with a .pdf of how to install it on MT4.

Tisis just a tool that gives you a real market feel to backtesting.

Hope it helps.

Let me know how it goes.
Attached File(s)
File Type: zip Simulator.zip   363 KB | 973 downloads
  • #5,094
  • Jun 9, 2011 10:48am Jun 9, 2011 10:48am
Dean, It's been about a month since this post. I'm very curious if you are having real success now by following "the system". Thanks, Joe

Quoting dean
Hi everyone and a pre emptive thank you to eelfranz and all the guys aiding him in passing on their knowledge in an extremely generous and gracious way. .....should be more of you.
I am a newbie pretty much. Been unsuccesfully trading for a year. Have blown 4 accounts, paid for 3 different forex trading courses, blown over 20 thousand dollars (small for some but I dont make much hence me seeking something other than my normal work), and been through a divorce.....all thanks to my insatiable desire to trade forex. I am a reasonably intelligent man...
  • #5,095
  • Jun 9, 2011 11:09am Jun 9, 2011 11:09am
Quoting 3xtrader
Hi guys,

I have attached a simulator that I have been using to back test FX methods. Got it from another thread in FF some time last year.

It allows you to place trades, set stops and TPs on real (but historical) market conditions. You can adjust the speed, which enables you to test the system on a large amount of price data in a very short time.

I normally use it over weekends or whenever i need to.

Just start it, load your template and drag and drop buy/sell orders. simple. Plus you do not necessarily need to be online to use it.

It...
Hi,

How to unzip this simulator.

Do you have an unzipped version.

Thanks.
KC.
  • #5,096
  • Jun 9, 2011 12:02pm Jun 9, 2011 12:02pm
I hope you all caught this move today - I decided to bale out with 80 pips in the bag.
Attached Image (click to enlarge)
Click to Enlarge Name: oohyeah.gif Size: 35 KB
  • #5,097
  • Jun 9, 2011 12:05pm Jun 9, 2011 12:05pm
Quoting Nate04
3 daily trades taken...

Thoughts?
Closed these trades over my lunch... Did it on my phone, so I don't have a pip count... I'll get that later this evening. But trades definately ended up profitable for me.
  • #5,098
  • Jun 9, 2011 12:17pm Jun 9, 2011 12:17pm
Yes, I agree. I hope everyone understands the Gift Big E has given here

Quoting hawaii5000
Thanks for the reply. The dilemma b/w conflicting timeframes is obviously not unique to this method. The 1 and 4H do seem to produce the most reliable signals, provided usual PA factors are considered pre-trigger. Very grateful to Big E for the method - its elegance is definitely its simplicity.

Possible long on the AUDUSD btw (M15 and 4H).
  • #5,099
  • Jun 9, 2011 12:25pm Jun 9, 2011 12:25pm
Quoting vbmark
What indicator is this?

Attachment

Thank you.
Its Plamen's TDI indicator - its mentioned on the thread earlier on, I'm not posting it again.
  • #5,100
  • Jun 9, 2011 12:25pm Jun 9, 2011 12:25pm
Quoting TheRoper
Yes, I agree. I hope everyone understands the Gift Big E has given here
Very much agree sir!

PS..Chf/Jpy 1hr cross enter @ 95.33 long
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