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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #6,901
  • Jul 3, 2011 1:54am Jul 3, 2011 1:54am
Quoting dean
Yeah but I think what they are gettiing at....and I also have this problem.....is....how do you know its a strong candle on opening??? as in....it can take a while for that candle to form so how much time has passed before you determine that it is a straong candle?? and by the time you determine it is strong...isnt that now not entering on the opening of the candle??
Know what I mean??
Personally I'm happy to trade a candle 1 setup late if it ticks all the boxes. When I say late I don't mean late after the momentum, I mean late on the candle, you need to get in as soon as momentum has been identified.

Candle 2 or bounce trade setups I trade strictly near the beginning of the candle only.

In my opinion you can be a bit more flexible when your on candle 1 as your so early into the move.

For newbies though follow BigE's advice to avoid confusion, only enter at the beginning of candle #1 & #2
  • #6,902
  • Jul 3, 2011 1:58am Jul 3, 2011 1:58am
Hi everybody. I have an important question to you. I trade 4 hr as same as you. but before I enter the trade I look at daily time frame and look if the trend in daily is same with my new trade. But the problem starts in here. When there is going to be a trend change for ex. daily shows short but last 2-3 daily candles are long and 4 hr trade is about to be a long. So dou you enter this trade in 4 HR or wait the daily candle pass over daily MA and so miss some good trades?
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Demand is not one wants, but what one can pay for
  • #6,903
  • Jul 3, 2011 2:25am Jul 3, 2011 2:25am
Quoting roterio
Hi everybody. I have an important question to you. I trade 4 hr as same as you. but before I enter the trade I look at daily time frame and look if the trend in daily is same with my new trade. But the problem starts in here. When there is going to be a trend change for ex. daily shows short but last 2-3 daily candles are long and 4 hr trade is about to be a long. So dou you enter this trade in 4 HR or wait the daily candle pass over daily MA and so miss some good trades?
This question was answered before. If we start looking at higher time frames,when do we stop looking? Every time frame has it own trend. The daily could be short but if we have a long signal, we take it..
  • #6,904
  • Jul 3, 2011 2:29am Jul 3, 2011 2:29am
I love taking profits at pivot points. It gives higher R:R rates. The Aqua on the USD/CAD is our pivot for the week. When the market opens tomorrow and I see a signal, I will aim at 0.9689 which is a R:R of 1:10. Will it work out, we dont know, but its worth the try..
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  • #6,905
  • Jul 3, 2011 7:54am Jul 3, 2011 7:54am
Hi The7,

I'm in that trade since the beginning.
I will wait for the TDI to get back in the 32 zone and bounce before taking a trade. Did not close my position yet.
I think a little bit lower IMHO.

What a great system!

I'm with you The7...

(sorry for my poor english)
  • #6,906
  • Jul 3, 2011 8:21am Jul 3, 2011 8:21am
Top of the morning to my dear friends. Can't smell or taste yet but feel better..

Why do I suggest entering at the BEGINNING OF CANDLE 1 OR 2 INSTEAD OF THE END. Go back and look at any 1hr or 4hr chart. HOW MANY CANDLES AVERAGE PER REVERSAL?

The sooner you get in the higher your adds.... sure you will have a few losses here and there. So what....
  • #6,907
  • Jul 3, 2011 8:25am Jul 3, 2011 8:25am
Quoting eelfranz
Top of the morning to my dear friends. Can't smell or taste yet but feel better..

Why do I suggest entering at the BEGINNING OF CANDLE 1 OR 2 INSTEAD OF THE END. Go back and look at any 1hr or 4hr chart. HOW MANY CANDLES AVERAGE PER REVERSAL?

[FONT=Comic...

Good to hear you feeling better.
  • #6,908
  • Jul 3, 2011 8:26am Jul 3, 2011 8:26am
Why we love it ??????......
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  • #6,909
  • Jul 3, 2011 8:57am Jul 3, 2011 8:57am
My favorite trading room....
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  • #6,910
  • Jul 3, 2011 9:19am Jul 3, 2011 9:19am
Quoting eelfranz
My favorite trading room....
Looks like the office I will work from one day, god willing lol
  • #6,911
  • Jul 3, 2011 10:10am Jul 3, 2011 10:10am
Quoting eelfranz
My favorite trading room....

Hopefully will be mine too
  • #6,912
  • Jul 3, 2011 10:30am Jul 3, 2011 10:30am
Quoting eelfranz
My favorite trading room....

Those beautiful beaches with those blue tones could only be the Caribean, great place to have an office my friend.
Indicators always obey Price, not the other way.
  • #6,913
  • Edited 11:10am Jul 3, 2011 10:35am | Edited 11:10am
Thank you for sharing your system. I've read through most of the thread and tried it on a demo account. Maybe I misunderstood something, but my entry was on the first cross of TDI. I never waited for 4 hour candle to close and to my surprise after an hour or so line came back - so it was not crossing any more.


Do we wait for the 4 hours candle to close and then enter the signal (TDI cross)? In my case I didn't wait for it to close and the green line that was under came back above during the 4 hour period.


Also my broker has 4 hours candles start at 0:00 GMT (then 4:00, 8:00...). Does it make difference as in regards to the system's performance?
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  • #6,914
  • Jul 3, 2011 10:38am Jul 3, 2011 10:38am
Quoting eelfranz
My favorite trading room....
Good to have you back BigE
  • #6,915
  • Jul 3, 2011 10:54am Jul 3, 2011 10:54am
Quoting sadler
Good to hear you feeling better.
Hi Big E,

I assume the begining of the candle is the candle open is that right. Can anyone clarify this?

Thank you in advance
  • #6,916
  • Jul 3, 2011 11:28am Jul 3, 2011 11:28am
HI EELFRANZ,

This is a great thread. Today only I started to follow this. I have a problem of setting the tools. You seemd to be using a MA to identify the trend.(The yellow line). What is that MA? Can you advise me Pl.
  • #6,917
  • Jul 3, 2011 1:07pm Jul 3, 2011 1:07pm
Netwatchpips.... Yes, when green crosses red....
  • #6,918
  • Jul 3, 2011 1:13pm Jul 3, 2011 1:13pm
Ramses....

period 5, shift 3, exponential, typical price

Get help from 2scoops...
  • #6,919
  • Jul 3, 2011 1:56pm Jul 3, 2011 1:56pm
With the HA candles I'm not sure how to accurately see the h/l price of the the previous swing for setting SL. Do you all pull up a normal chart to ascertain the exact price of the previous swing or is there a trick I don't know about? Thanks.

ps. I'm asking this because when I put my mouse over an HA candle all I get is the value, not the h/l price, whereas on the normal chart with mouse over candle I get the h/l.
  • #6,920
  • Jul 3, 2011 2:52pm Jul 3, 2011 2:52pm
HEY 2SCOOPS......

gOOD TO SEE YOU HERE BUDDY....
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