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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

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Trading Made Simple

  • #6,981
  • Jul 4, 2011 9:04am Jul 4, 2011 9:04am
Quoting bollingerman
Hi.
I have also experienced this problem, after studying the trade that I made, I realised that the 5ema is very important to the success of the trade, also the position of the red line on the indicator - is it pointing in the direction of your trade? I think it is very easy to trade against the trend without realising. I have put a few rules in place to try & help with the success of this system.
1.Check weekly chart - is the price trading above or below the 5ema, If its above I will only trade long, if its below - short.
2.Check Daily chart, I...
Thanks very much for your help. I was initially attracted to this system - it is supposed to be a simple system and me being a bit slow (limited mental powers) - ideal match.
I hope you don't mind me asking few questions (apologies for my slow learning pace):

1) Should the red line slope up for longs and vice versa?

2) Should I wait for the cross and the closure of that 4 hour candle and then enter on the opening of the new candle only after the cross is there?

3) What pairs should I monitor?

4) Does the different opening time of 4 hour candles from different brokers affect the performance (my broker's 4 hour candles start at 0:00, 4:00... GMT)

5) Are the wicks (that lines protruding from the bodies of HA candles) important? - If they are too long on both sides - not good to enter?
　
Once again apologies for all these questions - I tried it and managed to pick up some impressive losses on my demo account. I can see there are lot of satisfied users, so must be something wrong with my way of trading the system.



PS Best wishes for a speedy recovery to Eelfranz
  • #6,982
  • Jul 4, 2011 9:06am Jul 4, 2011 9:06am
Quoting pipiness
Thanks Eelfranz. I'm glad the decision not to enter the trade was a good one based on what I was seeing on my screen.

However, some people said they saw lots of air between the red and the green on their screen, hence I posted a pic of my screen to see if there is a problem with my indicator, because I'm now concerned my indicator may not be working properly. Basically, I had little air between r/g and others said they had lots.

If anyone was willing to compare the gap between the red/green in my pic with what's showing on their screen,...
I think your referring to my post where I reminded newbies that we don't trade when green touches red, you only trade clear crosses, if you get a great angle on the green with distance between it and the red then that's ideal, but don't get too hung up about whether you have enough air or not. Just trade it when you see a clear cross with a good angle.
  • #6,983
  • Jul 4, 2011 9:08am Jul 4, 2011 9:08am
Quoting eelfranz
2scoops.... good post above buddy....
Good to see you getting back to health and posting regularly.
  • #6,984
  • Jul 4, 2011 9:31am Jul 4, 2011 9:31am
Happy 4th of July...
Attached Image
  • #6,985
  • Jul 4, 2011 9:41am Jul 4, 2011 9:41am
Happy 4th!
http://www.olivestudio.com/branch/wp.../fireworks.jpg
  • #6,986
  • Jul 4, 2011 9:51am Jul 4, 2011 9:51am
Demoreal, post 6982

1. yes
2. yes on candle 1 or 2
3. any
4. 2 hr before london open
5. look for solid candles

Read the forum complete
  • #6,987
  • Jul 4, 2011 9:54am Jul 4, 2011 9:54am
Quoting Pecunia
Took this one about half an hour ago. I know PA is a little choppy..
My short on GBPUSD is up 20 pips now, so I think I'll let her ride a bit more..
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  • #6,988
  • Jul 4, 2011 9:57am Jul 4, 2011 9:57am
Ok, here is my first post in this tread. It“s a real honor for me not only learn from eelfranz but all good traders.
I had the opportunity to write a PM to eelfranz and I had the privilege of his answer.
Today I want to share publicly a possible approach (eelfranz“s PM suject) to the excellent technique described in this thread.
I have had good results in the last two years with TDI and graphics "Time free" or Range Bars. For those who are not familiar enough can visit this link:
http://www.investopedia.com/articles...#axzz1R95iHEzA
In my humble experience apply the technique in this type of graph might profit from our efforts
I want to hear your comments and see the feasibility of this approach.
. . . My most respectful admiration to all and eelfranz . . .
and . . . sorry about my english.
Wish all you the best of the best.
Attached Image (click to enlarge)
Click to Enlarge Name: crb(10) chart_tms strategy.gif Size: 32 KB
Humble & Kalcker CLO2 = Covid killer
  • #6,989
  • Jul 4, 2011 9:58am Jul 4, 2011 9:58am
Quoting eelfranz
Demoreal, post 6982

1. yes
2. yes on candle 1 or 2
3. any
4. 2 hr before london open
5. look for solid candles

[font=Comic Sans MS][size=4][color=#0000ff]Read the...


Thank you Eelfranz.


Happy 4th of July!


Best wishes.
  • #6,990
  • Jul 4, 2011 10:08am Jul 4, 2011 10:08am
Quoting DurduSM
The7 what pivot ind is that could you please post it? thank you and God bless
Use the Daily Pivot for 1 Hour charts and lower, Weekly for higher time frames.
Attached File(s)
File Type: ex4 IBFX - DailyPivots.ex4   11 KB | 762 downloads
File Type: ex4 IBFX - WeeklyPivots.ex4   12 KB | 742 downloads
  • #6,991
  • Jul 4, 2011 10:10am Jul 4, 2011 10:10am
thank you sir, God bless
  • #6,992
  • Edited 12:18pm Jul 4, 2011 10:17am | Edited 12:18pm
So far with +9 pips ( %0.8 reward), due the low volume. Waiting for bigger movements in 10-12 hours.
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  • #6,993
  • Jul 4, 2011 10:18am Jul 4, 2011 10:18am
Quoting eelfranz
e-u 4h, Pipiness
Thank you so much, Eelfranz. My indicator is defo not showing the same as yours. I'll try uninstalling it and installing it again, unless you have any other suggestions.
  • #6,994
  • Jul 4, 2011 10:28am Jul 4, 2011 10:28am
I installed the Red/Green TDI from post #14 in this thread. Is that the correct
one?
  • #6,995
  • Jul 4, 2011 10:32am Jul 4, 2011 10:32am
Quoting pipiness
I installed the Red/Green TDI from post #14 in this thread. Is that the correct
one?
Why not use the first one provided by E himself. Seems to work for me. I think Bez3000 also uses it and he's been making a lot of pips..
  • #6,996
  • Jul 4, 2011 10:36am Jul 4, 2011 10:36am
Quoting Pecunia
Why not use the first one provided by E himself. Seems to work for me.
Thanks, pecunia.

Eelfranz posted the link himself in post #14. Where did you download yours from, please?
  • #6,997
  • Jul 4, 2011 10:38am Jul 4, 2011 10:38am
Ramses....

period 5, shift 3, exponential, typical price

Get help from 2scoops...


Thank you eelfranz
  • #6,998
  • Jul 4, 2011 10:38am Jul 4, 2011 10:38am
Quoting pipiness
Thanks, pecunia.

Eelfranz posted the link himself in post #14. Where did you download yours from, please?
Hmm you're right, seems he removed it from the first post, maybe it's a good idea to put the right indicators back into the first post to avoid confusion. Seems to be a lot of home made TDI“s floating around...

See post #25 on page 2 for indicators...

Latest update: PAGE 11, Post # 156... thanks Cliff
Another update by Numb3rs - 4/29 - Pg 48, post 713
  • #6,999
  • Jul 4, 2011 10:43am Jul 4, 2011 10:43am
Quoting The7
Closed this trade earlier with +9 pips ( %0.8 reward), due the low volume. Will wait 10-12 hours and check if there are new signals.
I don't have that Slope indicator at bottom right.
Could you please share it here? Thanks
Lets make some green pips
  • #7,000
  • Jul 4, 2011 10:43am Jul 4, 2011 10:43am
Quoting the7
closed this trade earlier with +9 pips ( %0.8 reward), due the low volume. Will wait 10-12 hours and check if there are new signals.
closed both of my trades as well a/u, u/c +10 pips, got tired of waiting. It wasn't going anywhere. We'll try again later tonight, no point of looking for setup right now, 4th of july

happy 4th to everyone and happy trading
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