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Trading Made Simple

  • #6,581
  • Jun 30, 2011 4:28am Jun 30, 2011 4:28am
[quote=sadler;4739584]
Quoting dean

Alright Dean
So regardless of forex basics, tdi cross strong trend on higher TF,
Third Candle = No Entry
Fixed rule: Entry on the opening of the first or second candle only
entry at any other stage is your own risk and not part of this method.
  • #6,582
  • Jun 30, 2011 4:33am Jun 30, 2011 4:33am
GBPCHF trade. Anyone in?
Attached Image (click to enlarge)
Click to Enlarge Name: chart setup june 30 gbpchf.gif Size: 22 KB
  • #6,583
  • Jun 30, 2011 4:50am Jun 30, 2011 4:50am
Quoting bez3000
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.
Thank You. Could you please let me know the TDI range to go long/short. As you mentioned for Trade 1 TDI is too high could you please explain.
  • #6,584
  • Jun 30, 2011 4:53am Jun 30, 2011 4:53am
Quoting silversurfer
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...
I totally agree mate, we will see in a couple of weeks if i stay profitable on demo i will go live.
  • #6,585
  • Jun 30, 2011 4:55am Jun 30, 2011 4:55am
Quoting netwatchpips
Thank You. Could you please let me know the TDI range to go long/short. As you mentioned for Trade 1 TDI is too high could you please explain.
To go short TDI above 50
To go long TDI below 50
  • #6,586
  • Jun 30, 2011 4:56am Jun 30, 2011 4:56am
Quoting Turk_Learner
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



Attachment
IMO you took the correct entry. I saw that setup too but was too late getting in
u should have stayed....its way past a 100pips!!!!
i'm now keeping an eye on aud/usd
  • #6,587
  • Jun 30, 2011 4:58am Jun 30, 2011 4:58am
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

I wouldnt have taken the trade based purely on PA, the last few candles before the trade were a mix of red and blue so that indicates a choppy market to me.

Also take in to consideration the resistance to the left.
  • #6,588
  • Jun 30, 2011 5:01am Jun 30, 2011 5:01am
Quoting ohenry
Well done on all those pips bez...

How about posting your charts to show the setups you took..
Hundreds of PIPS, can't be that hard to find the setup
Attached Image (click to enlarge)
Click to Enlarge Name: nzd_usd.gif Size: 33 KB
OPPORTUNITY IS NOWHERE
  • #6,589
  • Jun 30, 2011 5:02am Jun 30, 2011 5:02am
Quoting TraderDC
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
I am in
  • #6,590
  • Jun 30, 2011 5:04am Jun 30, 2011 5:04am
Quoting bishopdotun
GBPCHF trade. Anyone in?
Yes watching and waiting for this one, i still have 2 hours for my candle to close so we will see.
  • #6,591
  • Jun 30, 2011 5:05am Jun 30, 2011 5:05am
Quoting bez3000
All charts are there on page 428, this last post was just an update of those charts. Enjoy.
....
Those that say do not know. Those that know do not say.
  • #6,592
  • Jun 30, 2011 5:23am Jun 30, 2011 5:23am
daily chart is in down trend.
is this a possible setup on the 4hr?

http://i51.tinypic.com/20gidlx.gif
  • #6,593
  • Jun 30, 2011 5:24am Jun 30, 2011 5:24am
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....
Bez, Nice job, keep up the great trades! I'm also trading demo like you on H4 charts and I'm now looking across all those pairs you are watching, and checking your 5 rules before I enter a trade - thanks for sharing that!

I've had a few successful trades but they had big drawdown before turning profitable. The TDI signal seems to come after price has moved well into the trend, so at time of entry it may be ready for a pullback before returning to the direction of the trend, which causes the drawdown.

Big E says put your SL at the high/low of a couple candles back or recent swing high/low. I'm following that rule but that can be a lot of pips and the drawdown makes me nervous.

In your posts I think you mentioned that you watch the trade and if it stalls or looks like it's going to reverse you will exit. I'm wondering if you are seeing this drawdown like I am and if you have any thoughts about minimizing the drawdown problem, or if you are even seeing this like me.

Thanks!
Luck occurs when preparation meets with opportunity.
  • #6,594
  • Jun 30, 2011 5:32am Jun 30, 2011 5:32am
AUD..JPY.. ??short.. Notice it is on a .618% 4 hr and weekly R3.. TDI turning down quite strong..
Is the red line 2 hi..??
  • #6,595
  • Jun 30, 2011 5:34am Jun 30, 2011 5:34am
Quoting AlienFrog
Big E says put your SL at the high/low of a couple candles back or recent swing high/low. I'm following that rule but that can be a lot of pips and the drawdown makes me nervous.
number of pips shouldnt come in to it. the last swing should always represent X% of your account (3% in my case). good MM is crutial to any system.
  • #6,596
  • Jun 30, 2011 5:37am Jun 30, 2011 5:37am
Yes im in the AUS JPY as well like bounce off previous resistance
  • #6,597
  • Jun 30, 2011 5:40am Jun 30, 2011 5:40am
Quoting AlienFrog
Bez, Nice job, keep up the great trades! I'm also trading demo like you on H4 charts and I'm now looking across all those pairs you are watching, and checking your 5 rules before I enter a trade - thanks for sharing that!

I've had a few successful trades but they had big drawdown before turning profitable. The TDI signal seems to come after price has moved well into the trend, so at time of entry it may be ready for a pullback before returning to the direction of the trend, which causes the drawdown.

Big E says put your SL at the high/low...
I have the same problem often. Yes the trades mostly end up ok but its as if as soon as I enter it reverses 10 - 20 pips instantly before it goes into profit....I get the same feeling...as soon as I get the signal to enter, the trade is ready for a pullback. How do you guys avoid this?? what do you guys do or how do you time your entry to aavoid this. I am curious as to what you guys do.....the guys that are timing the trade right so they are into positive pips immediately rather than drawdown.
  • #6,598
  • Jun 30, 2011 5:46am Jun 30, 2011 5:46am
Quoting 33drifter
number of pips shouldnt come in to it. the last swing should always represent X% of your account (3% in my case). good MM is crutial to any system.
Drifter, you are absolutely right and I am actually doing that. I calculate a 2.2-5% risk for the pips to the swing. But if it's a big swing for a big SL, you need a big move for risk/reward to exceed 1:1. The goal is to get pips, but the real goal is to get dollars. If you water down the pip value you don't make money. So in the end the drawdown possibility is at the moment my biggest fear and I need to manage it better.
Luck occurs when preparation meets with opportunity.
  • #6,599
  • Jun 30, 2011 5:46am Jun 30, 2011 5:46am
Quoting bez3000
To go short TDI above 50
To go long TDI below 50
Arrr got u Thanks.....
  • #6,600
  • Jun 30, 2011 5:51am Jun 30, 2011 5:51am
Quoting kodex750
daily chart is in down trend.
is this a possible setup on the 4hr?

http://i51.tinypic.com/20gidlx.gif
I am also watching this.
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