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Trading Made Simple

  • #6,561
  • Jun 30, 2011 3:11am Jun 30, 2011 3:11am
Quoting bez3000
Not on my chart, i entered on the second mate.
Thanks bez!!
What you do is a reflection of you....what I do is a reflection of me.
  • #6,562
  • Jun 30, 2011 3:15am Jun 30, 2011 3:15am
I took a buy on the third candle,
The first and second candle is so small and i didnt consider it. The third was a medium size and took the trade.
Daily chart agrees trend
doesnt look good atm down 30pips.
is this is one of those unfortunate trade,
pls comment
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  • #6,563
  • Jun 30, 2011 3:17am Jun 30, 2011 3:17am
Saw a few people saying they took the gj short trade - here is my chart
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  • #6,564
  • Jun 30, 2011 3:23am Jun 30, 2011 3:23am
Quoting sadler
I took a buy on the third candle,
The first and second candle is so small and i didnt consider it. The third was a medium size and took the trade.
Daily chart agrees trend
doesnt look good atm down 30pips.
is this is one of those unfortunate trade,
pls comment
No its not unfortunate........you decided to go completely aginst the rules of this method. third candle.....NO ENTRY
  • #6,565
  • Jun 30, 2011 3:23am Jun 30, 2011 3:23am
Hi,

What is wrong with the below setup on EUR/JPY H1 both went to 20 pip loss.

Many Thanks in Advance
Attached Image (click to enlarge)
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  • #6,566
  • Jun 30, 2011 3:24am Jun 30, 2011 3:24am
Quoting bez3000
Woke this morning to the following charts:

euraud = +37
gbpaud = +90
nzdjpy = +70
nzdusd = +60
usdcad = +70
TOTAL = + 327

I love this way of trading, thanks BigE
Trade update:

euraud = +133 open
gbpaud = +120 closed
nzdjpy = + 87 closed
nzdusd = + 220 open
usdcad = + 200 open

New trades:

euraud = + 132 open
usdjpy = + 45 open
gbpjpy = +35 open

Added to about +80pips from trades running from last week puts me about +1050 running total for this week.
I might close all trades this evening or in the morning as away for the weekend and will not have time on Friday.

This is a fantastic system if you are willing to work at it and i mean work as if it's your day job and you need to put food on the table. If you trade Forex without commitment i think you can only expect what you put in.
I am only showing my results to show it can be done and not to boost my ego. I have put in thousands of hours into FX and now with the help of BigE's system it looks like coming good.
God bless you all
  • #6,567
  • Jun 30, 2011 3:26am Jun 30, 2011 3:26am
Quoting sadler
I took a buy on the third candle,
The first and second candle is so small and i didnt consider it. The third was a medium size and took the trade.
Daily chart agrees trend
doesnt look good atm down 30pips.
is this is one of those unfortunate trade,
pls comment
TDI cross to high for me to consider it.
  • #6,568
  • Jun 30, 2011 3:27am Jun 30, 2011 3:27am
These are my live trades. Anyone in?
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Click to Enlarge Name: chart setup june 30 eurjpy.gif Size: 23 KB
Click to Enlarge Name: chart setup june 30 gbpjpy.gif Size: 22 KB
  • #6,569
  • Jun 30, 2011 3:29am Jun 30, 2011 3:29am
Quoting netwatchpips
Hi,

What is wrong with the below setup on EUR/JPY H1 both went to 20 pip loss.

Many Thanks in Advance
Trade 1 the TDI is to high for me to trade, well above the 50.

Trade 2 against the 1h and 4h trend, never trade against the trend mate.IMO.
  • #6,570
  • Jun 30, 2011 3:31am Jun 30, 2011 3:31am
Quoting dean
No its not unfortunate........you decided to go completely aginst the rules of this method. third candle.....NO ENTRY
Well i cannot agree with you completely talking about the "rules" [you decided to go completely aginst the rules of this method]

Rule -Cross took place
Rule- Stoch confirmed
Rule- Enter when the cross happens on a decent size candle,
When the cross took place the first candle was small, second had a wick, third agreed and the trend was down,
rule- basics of forex, trend was same in h4, daily , checked for S/R

ps: the rule doesn't say not to enter at the third candle, it is either late or less chance.


So did i break all the rules ?
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  • #6,571
  • Jun 30, 2011 3:36am Jun 30, 2011 3:36am
Quoting bez3000
Trade update:

euraud = +133 open
gbpaud = +120 closed
nzdjpy = + 87 closed
nzdusd = + 220 open
usdcad = + 200 open

New trades:

euraud = + 132 open
usdjpy = + 45 open
gbpjpy = +35 open

Added to about +80pips from trades running from last week puts me about +1050 running total for this week.
I might close all trades this evening or in the morning as away for the weekend and will not have time on Friday.

This is a fantastic system if you are willing to work at it and i mean work as if it's your day job and you need to put food on the table....

Kicking ass mate keep it up!!
What you do is a reflection of you....what I do is a reflection of me.
  • #6,572
  • Jun 30, 2011 3:37am Jun 30, 2011 3:37am
Quoting bez3000
Trade update:

euraud = +133 open
gbpaud = +120 closed
nzdjpy = + 87 closed
nzdusd = + 220 open
usdcad = + 200 open

New trades:

euraud = + 132 open
usdjpy = + 45 open
gbpjpy = +35 open

Added to about +80pips from trades running from last week puts me about +1050 running total for this week.
I might close all trades this evening or in the morning as away for the weekend and will not have time on Friday.

This is a fantastic system if you are willing to work at it and i mean work as if it's your day job and you need to put food on the table....
Well done on all those pips bez...

How about posting your charts to show the setups you took..
Those that say do not know. Those that know do not say.
  • #6,573
  • Jun 30, 2011 3:42am Jun 30, 2011 3:42am
Quoting ohenry
Well done on all those pips bez...

How about posting your charts to show the setups you took..
All charts are there on page 428, this last post was just an update of those charts. Enjoy.
  • #6,574
  • Jun 30, 2011 3:43am Jun 30, 2011 3:43am
[quote=sadler;4739464]Well i cannot agree with you completely talking about the "rules" [you decided to go completely aginst the rules of this method]

Rule -Cross took place
Rule- Stoch confirmed
Rule- Enter when the cross happens on a decent size candle,
When the cross took place the first candle was small, second had a wick, third agreed and the trend was down,
rule- basics of forex, trend was same in h4, daily , checked for S/R

ps: the rule doesn't say not to enter at the third candle, it is either late or less chance.
If you want to enter on the third candle go for it...according to the rules of THIS method...... third candle NO ENTRY....1st or 2nd candle only....its been said a million times.
  • #6,575
  • Jun 30, 2011 3:44am Jun 30, 2011 3:44am
Quoting sadler
Well i cannot agree with you completely talking about the "rules" [you decided to go completely aginst the rules of this method]

Rule -Cross took place
Rule- Stoch confirmed
Rule- Enter when the cross happens on a decent size candle,
When the cross took place the first candle was small, second had a wick, third agreed and the trend was down,
rule- basics of forex, trend was same in h4, daily , checked for S/R

ps: the rule doesn't say not to enter at the third candle, it is either late or less chance.

So did i break all the rules...

Hi Sadler

I believe that Big E has mentioned a number of times throughout the thread (perhaps not in the 1st post) to enter on the first and second candle not the third.


This is his last post about it.


http://www.forexfactory.com/showthre...54#post4728654

Entries...

Enter trades at the BEGINNING of candle #1 or #2.... not at the end of the candle.... you'll be more succesful....
What you do is a reflection of you....what I do is a reflection of me.
  • #6,576
  • Jun 30, 2011 3:50am Jun 30, 2011 3:50am
i really thank you for that trading system... i was loosing money before this trade system but now thank you that i am getting money...

also could you please check my chart if there is any wrong...

Best regards,

bora



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  • #6,577
  • Jun 30, 2011 3:52am Jun 30, 2011 3:52am
Hey guys anyone took this trade?? Any thoughts or comments??

I took it as a bounce after a bit of consolidation.

Also I have the PSAR up just for visual confirmation and not as an indi that I as such use for trading. Trying to keep it 100 % to Big E's system.

Thanks
Attached Image (click to enlarge)
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  • #6,578
  • Jun 30, 2011 3:53am Jun 30, 2011 3:53am
I don't want to put a dampener on your posts but the real test is when you go live with real money.

Quote:
Originally Posted by AmishBuggyFX http://www.forexfactory.com/images/buttons/viewpost.gif
That is awesome!! I was wondering if you had started trading live, yet?


No just demo for a couple more weeks.
  • #6,579
  • Jun 30, 2011 3:58am Jun 30, 2011 3:58am
[quote=dean;4739525]
Quoting sadler
Well i cannot agree with you completely talking about the "rules" [you decided to go completely aginst the rules of this method]

Rule -Cross took place
Rule- Stoch confirmed
Rule- Enter when the cross happens on a decent size candle,
When the cross took place the first candle was small, second had a wick, third agreed and the trend was down,
rule- basics of forex, trend was same in h4, daily , checked for S/R

ps: the rule doesn't say not to enter at the third candle, it is either late or less chance....
Alright Dean
So regardless of forex basics, tdi cross strong trend on higher TF,
Third Candle = No Entry
  • #6,580
  • Jun 30, 2011 4:16am Jun 30, 2011 4:16am
heads up: another greek vote at 11AM GMT
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