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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #5,161
  • Jun 10, 2011 12:46am Jun 10, 2011 12:46am
Quoting dean
Hey scoops how are ya??
Mate what are the red channel lines and the S/R indicators on your screen?? can I get them anywhere?
Coffee and cakes not required
Well thanks, I hope your feeling better.

The red lines are just a trend line indicator that draws your trend lines for you. And the SR indicator just draws the major areas of support and resistance. They are there only to help you with the 4X basics, they change none of the rules of the BigE system, only consult them after all the TMS method rules have been met.

Price bounces off these trend lines all day long and it shows you a pretty good picture of what the trend is on the higher time frames. Ignore the bottom and very top trend line (that is where the indicator advises you put your SL if you were just trading the trend lines).

With the SR indicator I tend to take notice of the last area of support and resistance and levels where price has bounced off 3 or more occasions. E.g. Don't get too hung up on areas where maybe price bounced off only once 2 days ago.
Attached File(s)
File Type: ex4 SR.ex4   4 KB | 1,042 downloads
File Type: ex4 Trend.ex4   10 KB | 1,076 downloads
  • #5,162
  • Jun 10, 2011 1:27am Jun 10, 2011 1:27am
About 15h ago i made trades long on 4h aud/usd en aud/jpy. Both hit my SL
No pictures at the moment but they were i my opinion almost perfect trades. Nice cross green/red, space to run, second candle.
  • #5,163
  • Jun 10, 2011 1:37am Jun 10, 2011 1:37am
Quoting Thierry
About 15h ago i made trades long on 4h aud/usd en aud/jpy. Both hit my SL
No pictures at the moment but they were i my opinion almost perfect trades. Nice cross green/red, space to run, second candle.
What SL are you using
  • #5,164
  • Jun 10, 2011 1:56am Jun 10, 2011 1:56am
Quoting Thierry
About 15h ago i made trades long on 4h aud/usd en aud/jpy. Both hit my SL
No pictures at the moment but they were i my opinion almost perfect trades. Nice cross green/red, space to run, second candle.
Hi Thierry did you take a look at the lower time chart whether it is in syn with the 4hr chart you are trading... for example the 1hr chart before you pull the trigger... regards
  • #5,165
  • Jun 10, 2011 2:07am Jun 10, 2011 2:07am
Peter: My SL is mostly below/above last swing. Sometimes below/above last low/high of previous candle.

Mike: When i trade 4h i didn't look at 1h tf. When i trade the 1h i look at 4h.

Did i something wrong?
  • #5,166
  • Jun 10, 2011 2:20am Jun 10, 2011 2:20am
Im too lazy to post charts right now because Im about to go to bed but take a look at usd/chf its bullish on 4H and Daily. I'm long, put target +40 pips and went to bed. Night everyone.
Lybi lydey, lybi vragov.
  • #5,167
  • Jun 10, 2011 2:24am Jun 10, 2011 2:24am
Quoting Thierry

Mike: When i trade 4h i didn't look at 1h tf. When i trade the 1h i look at 4h.

Did i something wrong?
It's 4x basic to take a look at the in-between time frame to see whether the market has actually start turning against you... we all know that the lower time frame is the fist to give you an indication of where the market is going... thus it makes good judgement to consult the lower time frame before executing your trade. Hope that helps. Regards
  • #5,168
  • Edited 2:53am Jun 10, 2011 2:27am | Edited 2:53am
Quoting Thierry
Peter: My SL is mostly below/above last swing. Sometimes below/above last low/high of previous candle.

Mike: When i trade 4h i didn't look at 1h tf. When i trade the 1h i look at 4h.

Did i something wrong?
you hit majpr resistance at 85.500 when you place the trades have a look at the SR aswell
Also you were going against the daily trend
it help if all the TF trends line up aswell

UPDATE its always easy to say these things after the event occured and that half the problem , especially about SR
  • #5,169
  • Jun 10, 2011 2:29am Jun 10, 2011 2:29am
Took the eurusd around 4hrs ago on the 1hr chart at 1.4510 looking a nice trade for my first live trade currently up 60 pips.
I trade this system only on the eurusd charts,had a good week.
Regards
  • #5,170
  • Jun 10, 2011 2:34am Jun 10, 2011 2:34am
Who is with me?
Attached Image (click to enlarge)
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  • #5,171
  • Jun 10, 2011 2:38am Jun 10, 2011 2:38am
Mike: Thanks, will take a look at the lower tf next trade.

Peter: I understand that we need to look at SR, maybe i took it too fast.
85.5 is more a minor level i think, but i understand your point.

Need more patience.
  • #5,172
  • Jun 10, 2011 2:46am Jun 10, 2011 2:46am
Quoting Danyjoe
Who is with me?
Look at the trend, big down trend.
I think its too risky.
  • #5,173
  • Jun 10, 2011 3:15am Jun 10, 2011 3:15am
Quoting Thierry
Look at the trend, big down trend.
I think its too risky.
I saw this
the red side from under 32, the green leaves on
arrive at the resistance trend more or less from 0.8550 to 0.8580
(regular oscillation of 4 months)



we'll see
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2011-06-10 a 10.11.24.png Size: 120 KB
  • #5,174
  • Jun 10, 2011 3:16am Jun 10, 2011 3:16am
Quoting Danyjoe
Who is with me?
Looks good. I find the TDI to be quite strong on the Daily chart. I think it will real some good pips. But keep a look out. The general trend is down.
  • #5,175
  • Edited 8:58am Jun 10, 2011 3:27am | Edited 8:58am
Quoting adeforex
I am going short on eurusd on daily tf. i am tired here and want to go to bed. SL is around 50 pips and TP is around 80 pips. I know is counter trend but, it has encountered strong resistance going up. I will see how it will play on friday. If you are interested,wait for the candle to close. i am just too early to enter
CLOSED MY EU FOR 50 pips because of upcoming news
TOTAL PIPS FOR THE WEEK AS @ NOW= AROUND 102 pips
UPDATED- IF LEFT , I WOULD HAVE NETTED 80 PIPS AS AT NOW- 50 IS STILL GOOD ANYWAY
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,176
  • Jun 10, 2011 4:12am Jun 10, 2011 4:12am
Hi guy, sorry, but my indies are failing, I dont know if is repaint or not(slope). So who are trading this method with often, could you post a system indicator here again.(original).

  • #5,177
  • Jun 10, 2011 4:18am Jun 10, 2011 4:18am
Quoting astom
Hi guy, sorry, but my indies are failing, I dont know if is repaint or not(slope). So who are trading this method with often, could you post a system indicator here again.(original).

Astom - go to the paper clip symbol (top right of page), open the attachments, delete all images, and it will leave you with every indicator ever posted on this thread.
  • #5,178
  • Jun 10, 2011 5:44am Jun 10, 2011 5:44am
One funny thing happened on the EU trade today. I opened 2 micro trades at the same time,one for different broker (names with held). One hit my stop-loss on the dot and reversed to my direction of trading ( i dont know may be it is manipulation) while the other,though close to my stop-loss,reversed and was in profit when i woke up for about 50 pips, before closed it. Thank God it is micro accounts that i am still using with this system.
LESSONS: To be more careful about my Sl and target profit and never trust any broker because thy can be funny at times.
I AM NOT READY TO INVEST LARGE CAPITAL TO ANY BROKERS AGAIN UNTIL I AM MORE SUCCESSFUL BIG TIME BECAUSE I HAVE LEARNT MY LESSONS AFTER BLOWING UP 2 DIFFERENT LARGE ACCOUNTS.
GRADUALLY NOW, I DON'T USE LEVERAGE MORE THAN 1:50, ENTER ONE TRADE AT A TIME WITH INITIAL-FIXED TP OF AROUND 50-70 PIPS/TRADE ( on best set-ups).
THEN COMPOUNDING IT BY INCREASING MY LOTS AFTER CERTAIN % INCREMENT.
THIS IS WHAT I WILL DO FOR SEVERAL MONTHS A HEAD WITH THIS SYSTEM UNTIL I GET FULL CONFIDENCE OF THE SYSTEM. (may be i don't even need to add money again until i net standard lot account size).
NOW I HAVE INCREASED THIS ACCOUNT IN LESS THAN 3 WEEKS BY 59%.
MONEY MANAGEMENTS ARE MY PRIORITY NOW.
ENOUGH OF FREE MONEY TO BROKERS. newbies can learn from this also. no bragging here, just determination.
Thank you every friends here , more thanks to our Big E as i wish him quick recovery.
SUGGESTIONS ARE WELCOME,PLEASE...STILL LEARNING
Attached Image (click to enlarge)
Click to Enlarge Name: TT.jpg Size: 194 KB
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #5,179
  • Jun 10, 2011 6:31am Jun 10, 2011 6:31am
someone asked me for this pivot indi i used but i accidently erased thier pm.[ATTACH]
Attached File(s)
File Type: ex4 PivotsD_v5.ex4   26 KB | 452 downloads
[/ATTACH]
Attached File(s)
File Type: mq4 PivotsD_v5.mq4   32 KB | 668 downloads
  • #5,180
  • Jun 10, 2011 6:33am Jun 10, 2011 6:33am
Attached File(s)
File Type: ex4 PivotsD_v5.ex4   26 KB | 494 downloads
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