Trading Made Simple | Page 319 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #6,361
  • Jun 28, 2011 2:33am Jun 28, 2011 2:33am
Quoting bez3000

  1. Trading with the trend, if Daily is trending don't trade against it (it will win).
  2. Good angled cross on TDI.
  3. cross below 50 if long or above 50 if short.
  4. Good looking candle with wick.
  5. Not trading straight into SR.

Are the things i look for to qualify as an A+ trade to me

Thanks Bez......that is similar to what I look for, however not point number 3, but it is great to share and see other people's perspectives.
Continuation trades can also be very profitable.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #6,362
  • Jun 28, 2011 2:48am Jun 28, 2011 2:48am
Quoting Flamegs23
I cant seem to make this work after I import it using ninjascript...am I doing something wrong?
Have you saved into the correct folder:

documents/ninjatrader7/bin/custom/indicator ?

From there you should be able to view and add it from the 'Indicators' box in your charts. If you are still having problems, you can PM me.
  • #6,363
  • Jun 28, 2011 3:15am Jun 28, 2011 3:15am
i enter gbpusd ,it's good to me
anyone do the same ??
  • #6,364
  • Jun 28, 2011 3:30am Jun 28, 2011 3:30am
Quoting bez3000
[list=1]
[*]Not trading straight into SR.
SR ? support / resistance
could you please add more on this one.
do you use any indicator for this
  • #6,365
  • Jun 28, 2011 3:50am Jun 28, 2011 3:50am
paper clip icon - hide images - search for an indicator called "SR"
  • #6,366
  • Jun 28, 2011 4:22am Jun 28, 2011 4:22am
Quoting 2scoops
paper clip icon - hide images - search for an indicator called "SR"
i am still trying to figure out where is the paper clip icon > hide images >

  • #6,367
  • Jun 28, 2011 4:24am Jun 28, 2011 4:24am
It's next to the page numbers at the top, where it says how many pages there are on the right hand side.

Quoting sadler
i am still trying to figure out where is the paper clip icon > hide images >

  • #6,368
  • Jun 28, 2011 4:32am Jun 28, 2011 4:32am
Quoting sadler
SR ? support / resistance
could you please add more on this one.
do you use any indicator for this
sadler,

No indicators needed for this, i simply draw my Support and Resistance areas and make sure i do not trade directly into them.
If you need help on S/R try babypips.com
  • #6,369
  • Jun 28, 2011 4:35am Jun 28, 2011 4:35am
Quoting bez3000
Pairs i watch
Thanks, Bez! You trading rules are good, solid rules, and easy to see and follow on charts.
Luck occurs when preparation meets with opportunity.
  • #6,370
  • Jun 28, 2011 4:41am Jun 28, 2011 4:41am
Quoting chye
i enter gbpusd ,it's good to me
anyone do the same ??
Looks OK to me if the current candle closes strong i will be in.
  • #6,371
  • Jun 28, 2011 5:15am Jun 28, 2011 5:15am
Yesterday morning in post 6302 I took the two trades gio.kele took: short usdcad and long eurchf. Before I went to bed last night I decided I set SL on uc at +15 and got stopped out overnight. That was an ok outcome but it was down 27 pips at one point.

EURCHF is still open +60 right now. This is an experimental trade for me. PA bounced perfectly off the low side of a nicely formed channel on the weekly. This kind of pa is normally very strong, especially on high TF, and especially bouncing off the low of a bearish channel. This kind of setup was a year in the making and doesn't come around very often!
Luck occurs when preparation meets with opportunity.
  • #6,372
  • Jun 28, 2011 5:29am Jun 28, 2011 5:29am
Quoting sadler
i am still trying to figure out where is the paper clip icon > hide images >

You will find Support - Resistence Indicator as below
See Post # 3507 on Page # 234

http://www.forexfactory.com/showthre...31#post4636531

arasheed
  • #6,373
  • Jun 28, 2011 5:59am Jun 28, 2011 5:59am
Quoting arasheed
You will find Support - Resistence Indicator as below
See Post # 3507 on Page # 234

http://www.forexfactory.com/showthre...31#post4636531

arasheed
cheers mate, got it.
  • #6,374
  • Jun 28, 2011 7:02am Jun 28, 2011 7:02am
Does anyone agree the volumes could have a part to play in not only the 4 hour but other time frames? I find the cross on the TDi occurs regularily but im unsure as to why i should enter each cross. I would appreciate a call from eelfranz but im just a juniour member. Alas I struggle on, seeing a cross occur and as the first rules of tdi explain, one should exit on a hook or flatout, which occur very regularily, so where on earth shall i find these 200-500 pips promised?
  • #6,375
  • Jun 28, 2011 7:06am Jun 28, 2011 7:06am
In your rules #4 are you referring to the previous candle?
I have seen several times the first candle is preceeded by a doji or similiar of the opposite color, I assume you would pass on that situation.
Thank You
  • #6,376
  • Jun 28, 2011 8:12am Jun 28, 2011 8:12am
Quoting fwoodley
In your rules #4 are you referring to the previous candle?
I have seen several times the first candle is preceeded by a doji or similiar of the opposite color, I assume you would pass on that situation.
Thank You
I mean the current candle i am waiting to close has to be a good size with a wick pointing in the direction i want to trade.
  • #6,377
  • Jun 28, 2011 8:55am Jun 28, 2011 8:55am
Quoting JamesP
Does anyone agree the volumes could have a part to play in not only the 4 hour but other time frames? I find the cross on the TDi occurs regularily but im unsure as to why i should enter each cross. I would appreciate a call from eelfranz but im just a juniour member. Alas I struggle on, seeing a cross occur and as the first rules of tdi explain, one should exit on a hook or flatout, which occur very regularily, so where on earth shall i find these 200-500 pips promised?
James - large - strong candles are the best indicator of good volume, no-one promised 200-500 pips- this system might be simple but it still takes some hard work at the start to get going.
  • #6,378
  • Jun 28, 2011 8:59am Jun 28, 2011 8:59am
Heya David here. Been looking at this thread for quite a while and have to say it does look quite interesting. Will give it a go myself maybe I'll start seeing a profit after a while of trading. The story that Big E says in the beginning is so true to me.... at least the part of parting with hard earned cash hehe. A big thanks to Big E and all answering questions
  • #6,379
  • Jun 28, 2011 9:03am Jun 28, 2011 9:03am
Anyone made some pips today? I couldn't find a good setup, one thats in aligment with the higher trend.
The Mind creates reality.
  • #6,380
  • Jun 28, 2011 9:11am Jun 28, 2011 9:11am
Quoting DayTraderBiH
Anyone made some pips today? I couldn't find a good setup, one thats in aligment with the higher trend.
I can't stress enough how good Plamen's TDI indicator is:

http://www.forexfactory.com/showthread.php?p=4710405

It keeps you out of trouble on quiet days like this. Setup one for each pair and TF you trade on. Set a minimum candle size for each pair and TF, a little bit of work setting it up but its well worth it.

I have it send the alerts to my phone (email).

Awesome work Plamen!
62 traders viewing now