Trading Made Simple | Page 326 | 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

  • #6,501
  • Jun 29, 2011 7:36pm Jun 29, 2011 7:36pm
Quoting cce
Nope...not on this thread anyway...
Try over here on this link...
No interest here for an EA per the threads originator...
Hope this helps you out...
http://www.forexfactory.com/showthread.php?t=292301
Cliff
Thanks, Seems to be breaking even at best thus needs judgement.
  • #6,502
  • Edited 8:32pm Jun 29, 2011 7:54pm | Edited 8:32pm
guys, how about now for EU?


edit..
thanks mr moderator
  • #6,503
  • Jun 29, 2011 8:16pm Jun 29, 2011 8:16pm
Quoting cce
I'll attempt to post the current template set up I'm using. Included are indies I use. Set to default. Included a pic as well. Change the colors as you like. Test loading worked ok for me. I'm using FXDD platform.
Good trades to all.
Cheers.
Cliff
Hello guys,
This will run on any Metatrader platform, or only in FXDD platform?
Thanks for any info that can be provided.
  • #6,504
  • Jun 29, 2011 9:00pm Jun 29, 2011 9:00pm
Quoting Rcwso
eelfranz,

Can you elaborate on that please? I have been following this thread for some time and an active participant on another thread here in FF. I have read your thread and posts/pdf but am still confused on which candle to enter on. I understand that you enter on the open of a candle but which candle? I have read some say the 1st, 2nd etc but can you clarify?

I posted a chart below with some examples of which candle to enter on.
Basically I pointed to candles that I think are valid set ups and entries but which one of each is what...
Hi, Rcwso. I was a little confused about entry points when I first started reading this thread and Dean answered it for me. One point to keep in mind is that entries are supposed to be at the open of the candle. I've seen Big E repeat this several times.

Here is where I asked the question: http://www.forexfactory.com/showthre...90#post4602990

Here is Dean's answer: http://www.forexfactory.com/showthre...30#post4603030

You are right, though, the TDI indicator repaints and changes, and it may not look the same at the end of the candle as it did in the beginning. the best answer I've seen to that is Bez3000's recent posts. His decision-making rules are simple and direct, too - I've adopted them and I hope they will keep me out of bad trades (my #1 problem!).

Hope that helps!
Luck occurs when preparation meets with opportunity.
  • #6,505
  • Jun 29, 2011 9:04pm Jun 29, 2011 9:04pm
Big E! Glad to see you posting! Hope you're feeling better. You have a lot of people praying for you! Just don't strain yourself hauling that wheelbarrow!
Luck occurs when preparation meets with opportunity.
  • #6,506
  • Jun 29, 2011 9:14pm Jun 29, 2011 9:14pm
Quoting eelfranz
dryclean,

Enter trades at the beginning of candles... not the end...
Hi E, great to have you back. Hope that your health is improving.

Just a quick question...is there a time limit as to what constitutes the beginning of a candle? For a 4 hour candle, when is it no longer the 'beginning'?

Cheers
  • #6,507
  • Jun 29, 2011 9:53pm Jun 29, 2011 9:53pm
Quoting gh16
Hi E, great to have you back. Hope that your health is improving.

Just a quick question...is there a time limit as to what constitutes the beginning of a candle? For a 4 hour candle, when is it no longer the 'beginning'?

Cheers
I am still confused on ENTERing on the open of FIRST candle as well. Maybe I haven't seen it enough in live, or even in back testing. What about entering on the close of the second candle? That is too late? I'm worried about entering on the open of the first candle because of lack on confirmation?
  • #6,508
  • Jun 29, 2011 10:13pm Jun 29, 2011 10:13pm
Hi

I've been playing with this method on demo for the past three weeks.

The main pair I trade with is GBP/USD on the 1hr and 4hr tf. Had more success with the 1hr chart those 3 weeks (2 losses & 12 wins ). btw the 2 losses were from the 4hr chart.

But this week seems different. PA on gu shows the market is ranging. I've had 3 losses in a row so far following the same rules. Whats going on with the gu pair? I see many people on this thread make more pips with the 4hr than the 1hr. I have been entering on all TDI crosses. last night I lost 30pips on EUR/GBP 4hr and it looked like a perfect setup. (total 80pips so far this week) See chart below.

http://i54.tinypic.com/vf9jjm.gif


What did i do wrong?
Thanks..
  • #6,509
  • Jun 29, 2011 10:47pm Jun 29, 2011 10:47pm
Add Stoch indicator for trade entry confirmation. Maybe at that time the stock was not in the direction you took your trade.



Quoting kodex750
Hi

I've been playing with this method on demo for the past three weeks.

The main pair I trade with is GBP/USD on the 1hr and 4hr tf. Had more success with the 1hr chart those 3 weeks (2 losses & 12 wins ). btw the 2 losses were from the 4hr chart.

But this week seems different. PA on gu shows the market is ranging. I've had 3 losses in a row so far following the same rules. Whats going on with the gu pair? I see many people on this thread make more pips with the 4hr than the 1hr. I have been entering on all TDI crosses. last night...
  • #6,510
  • Jun 29, 2011 10:49pm Jun 29, 2011 10:49pm
Quoting kodex750
Hi

I've been playing with this method on demo for the past three weeks.

The main pair I trade with is GBP/USD on the 1hr and 4hr tf. Had more success with the 1hr chart those 3 weeks (2 losses & 12 wins ). btw the 2 losses were from the 4hr chart.

But this week seems different. PA on gu shows the market is ranging. I've had 3 losses in a row so far following the same rules. Whats going on with the gu pair? I see many people on this thread make more pips with the 4hr than the 1hr. I have been entering on all TDI crosses. last night...
Look at upper wicks on previous candles... there was quite a strong upward momentum.
  • #6,511
  • Jun 29, 2011 11:09pm Jun 29, 2011 11:09pm
Quoting ssaqeel
Add Stoch indicator for trade entry confirmation. Maybe at that time the stock was not in the direction you took your trade.
Hi ssaqeel

i've reposted the chart with the stochs. It looked like a clear signal even tho i don't use that indicator.

http://i56.tinypic.com/id7fxe.gif
  • #6,512
  • Jun 29, 2011 11:17pm Jun 29, 2011 11:17pm
Quoting kodex750
Hi

I've been playing with this method on demo for the past three weeks.

The main pair I trade with is GBP/USD on the 1hr and 4hr tf. Had more success with the 1hr chart those 3 weeks (2 losses & 12 wins ). btw the 2 losses were from the 4hr chart.

But this week seems different. PA on gu shows the market is ranging. I've had 3 losses in a row so far following the same rules. Whats going on with the gu pair? I see many people on this thread make more pips with the 4hr than the 1hr. I have been entering on all TDI crosses. last night...
Firstly...if you think that pair is ranging or consolidating, it has been heavily advised you stay away. But to be honest to me that chart looks to be in a pretty solid uptrend so in my opinion you were going against the trend, and the candles are very small. If you have had success with a cerain way of trading this method...stick with it, dont just take trades for the sake of it.
  • #6,513
  • Jun 29, 2011 11:25pm Jun 29, 2011 11:25pm
Quoting Maverick731
I am still confused on ENTERing on the open of FIRST candle as well. Maybe I haven't seen it enough in live, or even in back testing. What about entering on the close of the second candle? That is too late? I'm worried about entering on the open of the first candle because of lack on confirmation?
Entering at the opening of the first candle is considered aggressive, but many are happy to go with it provided the tdi has crossed and the forex basics are met. You can always choode the more passive method of waiting for the second candle to get confirmation. BUT you enter on the OPEN of the candle...so be ready at the close of the first candle.
Entering at the CLOSE of the second candle is too late.
Everybody confused about this....listen.....YOUR TRADE ENTRIES ARE AT THE OPENING OF EITHER THE FIRST OR SECOND CANDLE.
THE FIRST CANDLE IS THE CANDLE THAT HAS CHANGED COLOUR (THE FIRST REVERSAL CANDLE) THE SECOND IS THE ONE THAT FOLLOWS THE FIRST
SO LOOK AT YOUR CANDLES FIRST...IF YOU SEE A CANDLE COLOUR CHANGE, THEN LOOK AT YOUR TDI AND SEE IF IT HAS CROSSED....THEN YOU GO THROUGH YOUR FOREX BASICS AND OFF YOU GO.
  • #6,514
  • Jun 29, 2011 11:42pm Jun 29, 2011 11:42pm
Quoting dean
Firstly...if you think that pair is ranging or consolidating, it has been heavily advised you stay away. But to be honest to me that chart looks to be in a pretty solid uptrend so in my opinion you were going against the trend, and the candles are very small. If you have had success with a cerain way of trading this method...stick with it, dont just take trades for the sake of it.
Hi Dean

sorry...the chart i posted was the eur/gbp and i agree its in a strong uptrend.
i actually meant the gbp/usd 1hr chart was ranging. i posted the eur/gbp chart because that was my recent most trade that failed.
sorry if i have confused everyone.

cheers
  • #6,515
  • Jun 30, 2011 12:01am Jun 30, 2011 12:01am
good morning all! gbpjpy was valid short entry today yes?
  • #6,516
  • Jun 30, 2011 12:05am Jun 30, 2011 12:05am
Quoting kodex750
Hi Dean

sorry...the chart i posted was the eur/gbp and i agree its in a strong uptrend.
i actually meant the gbp/usd 1hr chart was ranging. i posted the eur/gbp chart because that was my recent most trade that failed.
sorry if i have confused everyone.

cheers
No probs
Click up a time frame or two to get the overall trend and if you believe the chart you are trading is consolidating...look elsewhere. IF the candles are small look elsewhere.
  • #6,517
  • Jun 30, 2011 12:07am Jun 30, 2011 12:07am
Quoting geobull
good morning all! gbpjpy was valid short entry today yes?
Hi,
I took the trade and so far 10 pips in profit. Got to wait and see.
  • #6,518
  • Jun 30, 2011 12:09am Jun 30, 2011 12:09am
ok cool! lets see and wait it with trailing stop it,s good for more pips cheers
  • #6,519
  • Jun 30, 2011 12:11am Jun 30, 2011 12:11am
4hour is better for me because i can take more clear pictures, clear signals and less false signals so i follow only 4 hour
  • #6,520
  • Jun 30, 2011 12:33am Jun 30, 2011 12:33am
Quoting geobull
4hour is better for me because i can take more clear pictures, clear signals and less false signals so i follow only 4 hour
Quick Question..What is the best way to display the HA candle open,close,high and low values for current candle. Any suggestion?
54 traders viewing now, 1 is registered:
vgv8