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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #6,381
  • Jun 28, 2011 9:33am Jun 28, 2011 9:33am
Managed to catch that EURUSD upswing thanks to a textbook bounce signal on my 4hr Central European Time chart. Will post chart later.
  • #6,382
  • Jun 28, 2011 10:11am Jun 28, 2011 10:11am
Quoting 2scoops
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!
Ya 101 pips this morning, not using the the trading made simple though, I used my day plan. i use trading made simple only when I'm sleeping it works well for that. May the pips be with you all!
  • #6,383
  • Jun 28, 2011 10:29am Jun 28, 2011 10:29am
Hi guys,
i took a gj short. there was a tdi crossover and it went with the trend on the 4 hour.
It didnt quite work out, can people care to comment on this?
Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: gjchart.gif Size: 22 KB
  • #6,384
  • Jun 28, 2011 10:40am Jun 28, 2011 10:40am
Quoting artieboy
Hi guys,
i took a gj short. there was a tdi crossover and it went with the trend on the 4 hour.
It didnt quite work out, can people care to comment on this?
Thanks!
It is just lady forex played Tantrum with you!!!
  • #6,385
  • Jun 28, 2011 10:45am Jun 28, 2011 10:45am
Quoting arasheed
It is just lady forex played Tantrum with you!!!
Hey Bud We are all different and trade differently. When I use this system I want my TDI as close to 68 as I can get it. I miss alot of trades this way, but the trades seem to have more success. Just my two cents
  • #6,386
  • Jun 28, 2011 10:53am Jun 28, 2011 10:53am
Quoting PipsyRussell
Hey Bud We are all different and trade differently. When I use this system I want my TDI as close to 68 as I can get it. I miss alot of trades this way, but the trades seem to have more success. Just my two cents
In a haste to grab the opportunity, such precautions (Rules) are overlooked.
  • #6,387
  • Jun 28, 2011 10:54am Jun 28, 2011 10:54am
Quoting arasheed
It is just lady forex played Tantrum with you!!!
Hey Bud We are all different and trade differently. When I use this system I want my TDI as close to 68 as I can get it. I actually prefer it to be above 68 and falling for shorts and below 32 and on its way up for longs. I miss alot of trades this way, but the trades seem to have more success. Also I sleep through the night and don't check it till 5:00 AM PST. so for me its a little insurance. Just my two cents
  • #6,388
  • Jun 28, 2011 10:59am Jun 28, 2011 10:59am
OK Thanks!
Yeh i can see why waiting for 32 and 68 might be better for the odds
Just curious, how many trades do you get a week, assuming you trade the 4 hour?


Quoting PipsyRussell
Hey Bud We are all different and trade differently. When I use this system I want my TDI as close to 68 as I can get it. I actually prefer it to be above 68 and falling for shorts and below 32 and on its way up for longs. I miss alot of trades this way, but the trades seem to have more success. Also I sleep through the night and don't check it till 5:00 AM PST. so for me its a little insurance. Just my two cents
  • #6,389
  • Jun 28, 2011 11:09am Jun 28, 2011 11:09am
Quoting PipsyRussell
Hey Bud We are all different and trade differently. When I use this system I want my TDI as close to 68 as I can get it. I actually prefer it to be above 68 and falling for shorts and below 32 and on its way up for longs. I miss alot of trades this way, but the trades seem to have more success. Also I sleep through the night and don't check it till 5:00 AM PST. so for me its a little insurance. Just my two cents
Hey Buddy
I agree with you , This is the main reason behind varied success in trading results.
  • #6,390
  • Jun 28, 2011 11:16am Jun 28, 2011 11:16am
Quoting artieboy
OK Thanks!
Yeh i can see why waiting for 32 and 68 might be better for the odds
Just curious, how many trades do you get a week, assuming you trade the 4 hour?
I probably only average 2,3 a week. I try to use this plan @ night when I'm sleeping, but I ride them out for as long as I can. I don't just dump them in the morning, "the trend is my friend", and I miss a lot because I use another stadegy during Asia and New York and I miss setups. It works for me. I would Love to trade London, but the ole Lady has something to say about that, and I would like to keep her around. I think they call it henpecked, but I call it balance.
  • #6,391
  • Jun 28, 2011 12:02pm Jun 28, 2011 12:02pm
Quoting artieboy
Hi guys,
i took a gj short. there was a tdi crossover and it went with the trend on the 4 hour.
It didnt quite work out, can people care to comment on this?
Thanks!
My charts didn't give me a cross or i would have been in as well, don't forget no system wins every time i takes some getting use to but you have to accept losses to be a trader.
  • #6,392
  • Jun 28, 2011 12:32pm Jun 28, 2011 12:32pm
Quoting bez3000
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.
Are you saying that 1 you see a cross of red line by the green line 2 wait for the candle that started when the cross was made to close then 3 determine if candle was big enough to warrent taking the trade.
  • #6,393
  • Jun 28, 2011 12:33pm Jun 28, 2011 12:33pm
Quoting bez3000
My charts didn't give me a cross or i would have been in as well, don't forget no system wins every time i takes some getting use to but you have to accept losses to be a trader.
I took that trade has well and didnt work out well, may be its one of those trades that can go around. today wasnt a great trading day for a 4h chart.

@bex300 how come it didnt show in ur charts.
  • #6,394
  • Jun 28, 2011 12:46pm Jun 28, 2011 12:46pm
Quoting sadler
I took that trade has well and didnt work out well, may be its one of those trades that can go around. today wasnt a great trading day for a 4h chart.

@bex300 how come it didnt show in ur charts.
don't know probable due to time difference, i am in UK.

Just noticed so are you , i am using FXCM charts.
  • #6,395
  • Jun 28, 2011 12:52pm Jun 28, 2011 12:52pm
Quoting fwoodley
Are you saying that 1 you see a cross of red line by the green line 2 wait for the candle that started when the cross was made to close then 3 determine if candle was big enough to warrent taking the trade.
Sounds about right to me, only you can enter on the first or second candle after the cross.
  • #6,396
  • Jun 28, 2011 1:14pm Jun 28, 2011 1:14pm
Hello, haven't posted a chart for a while, but doing very well with the TMS system. Took this about an hour ago @ BE 40+ and looking good for a possible daily entry soon.

Cherrs !

Chilly
Attached Image (click to enlarge)
Click to Enlarge Name: ejbounce628.gif Size: 35 KB
  • #6,397
  • Jun 28, 2011 3:45pm Jun 28, 2011 3:45pm
Yeah I saw that one but didn't enter cause TDI was already at the 68 area and I prefer to see it way below for a long. Also its against the daily trend, isnt it ? Its a retracement on the daily trend as far as I can see.
Are you gonna take the long signal at EUR/JPY on the daily ?
The Mind creates reality.
  • #6,398
  • Jun 28, 2011 4:20pm Jun 28, 2011 4:20pm
Pretty good past two days. Just closed out a bunch of positions today from yesterday and have 3 still open.
Up about 300 pips. I got spooked about the 2:45pm ECB conference so I closed out some of my big winners early to keep my profits. Conference didn't do anything and missed out on 70 more pips oh well can't win them all.

The entries for this strategy are pretty solid. Thanks again Big E!



Lain


Note: I set my 4hr bars to start at 12am not 1am, so my bars/TDI may not match yours if yours start at 1am.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.JPG Size: 152 KB
Click to Enlarge Name: AUDUSD.JPG Size: 158 KB
Click to Enlarge Name: CADJPY.JPG Size: 150 KB
Click to Enlarge Name: EURAUD.JPG Size: 148 KB
Click to Enlarge Name: EURCHF.JPG Size: 145 KB
Click to Enlarge Name: GBPJPY.JPG Size: 146 KB
Click to Enlarge Name: NZDJPY.JPG Size: 156 KB
  • #6,399
  • Jun 28, 2011 4:30pm Jun 28, 2011 4:30pm
Quoting Lain
Pretty good past two days. Just closed out a bunch of positions today from yesterday and have 3 still open.
Up about 300 pips. I got spooked about the 2:45pm ECB conference so I closed out some of my big winners early to keep my profits. Conference didn't do anything and missed out on 70 more pips oh well can't win them all.

The entries for this strategy are pretty solid. Thanks again Big E!



Lain


Note: I set my 4hr bars to start at 12am not 1am, so my bars/TDI may not match yours if yours start at 1am.
hello Lain
Do you mind to tell me what time of the day you start to trade and the time you stop? I had some good run with this TMS but now not so good. I think it could be the time I am trading. demo only for now
  • #6,400
  • Jun 28, 2011 4:42pm Jun 28, 2011 4:42pm
I want to say thank you to all that contributed to the development of this system. it has been wonderful. Attached is my trade setup, indicators and trades so far. 100% hit. I expect some losses though soonest.

The system is not fool proof as i have found. Sometimes i get hooked up in drawdown especially when trading with 4h but it often get back later in favor.

Big E has been helpfull with his comments.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart setup.gif Size: 21 KB
Click to Enlarge Name: my trades.jpg Size: 258 KB
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