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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

  • #7,121
  • Jul 5, 2011 11:34am Jul 5, 2011 11:34am
yea it works, thanks to BIG E and all the supportive folks here ,,If we keep this going ,hopefully we will do better (oh no no HOPE word in forex dictionary)

Thanks guys

Quoting 2scoops
Nah WhatFX said its not profitable, I'm outta here!
  • #7,122
  • Jul 5, 2011 11:57am Jul 5, 2011 11:57am
Quoting 4rx
Hi Pecunia... could you post a pic of your template here ....thanks

Sure, check it out:

http://www.forexfactory.com/showthre...09#post4752109
  • #7,123
  • Jul 5, 2011 12:04pm Jul 5, 2011 12:04pm
Quoting Danyjoe
Hi Big E(and other expert..)

It's correct?
good cross.. little bounce too
red and green in the same direction... from 32 line.. stoch go up.. good candle..

is there some mistake??
I wouldnt buy eurgbp. Reason
1. strong resistance level
2. H-H and L-L are trending down
3. and the daily TDI is pointing down.

I will simply wait for a sell setup. I however closed my eurgbp sell trade at +20pips earlier.
  • #7,124
  • Jul 5, 2011 12:07pm Jul 5, 2011 12:07pm
If you can comment on the attached chart please. Thank you.


Would you close this trade? TDI looks flat to me.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 134 KB
  • #7,125
  • Jul 5, 2011 12:08pm Jul 5, 2011 12:08pm
Quoting eelfranz
What I want most of all is your success using this simple method ....
Big E: Thank you for your unselfish and kind generosity. I'm convinced that you and your TMS are a financial lifesaver for thousands of us new or seasoned 4x traders. I wish you the very best of health and continued success.
  • #7,126
  • Jul 5, 2011 12:11pm Jul 5, 2011 12:11pm
too late to enter on the Day candle but worth watching
Attached Image (click to enlarge)
Click to Enlarge Name: eg day.gif Size: 25 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #7,127
  • Jul 5, 2011 12:48pm Jul 5, 2011 12:48pm
Quoting bishopdotun
I wouldnt buy eurgbp. Reason
1. strong resistance level
2. H-H and L-L are trending down
3. and the daily TDI is pointing down.

I will simply wait for a sell setup. I however closed my eurgbp sell trade at +20pips earlier.
thanks!
  • #7,128
  • Jul 5, 2011 12:53pm Jul 5, 2011 12:53pm
Quoting bishopdotun
I wouldnt buy eurgbp. Reason
1. strong resistance level
2. H-H and L-L are trending down
3. and the daily TDI is pointing down.

I will simply wait for a sell setup. I however closed my eurgbp sell trade at +20pips earlier.
do you look at the pivot like these?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2011-07-05 a 19.52.07.png Size: 59 KB
  • #7,129
  • Jul 5, 2011 1:16pm Jul 5, 2011 1:16pm
Dannyjoe, please would you post your pivot point indicator, or where to download it? Many thanks.
  • #7,130
  • Jul 5, 2011 1:25pm Jul 5, 2011 1:25pm
Quoting bishopdotun
I wouldnt buy eurgbp. Reason
...
3. and the daily TDI is pointing down.
I don't understand this reasoning, particularly since the trade in question was on the 1hr chart.

Surely price movement begins on the shorter timeframes and works its way gradually to the higher timeframes. If you watch, you'll see it first on the 15min, then as it gathers momentum onto the 30min then to the 1hr as it clears the noise then the 4hr then the daily.

If you see a good trade setup on the 1hr, why would what's happening to the TDI on the daily affect your decision? It almost certainly WILL be pointing the wrong way as the move hasn't reached it yet.

I check next lower timeframe to see judge the ongoing strength of the move, and the higher timeframe only for longer term directional bias.
  • #7,131
  • Jul 5, 2011 1:35pm Jul 5, 2011 1:35pm
Good evening from the uk to you all. Thanks Pecunia for the templates, i will take a look shortlyand hopefully be able to use them. Looking forward to trading alongside you guys as opposed to sitting on the side - happy pips to all - WM
Sleeping boys catch no fish
  • #7,132
  • Jul 5, 2011 1:38pm Jul 5, 2011 1:38pm
Quoting pipiness
Dannyjoe, please would you post your pivot point indicator, or where to download it? Many thanks.
yes!
but I do not know if it's useful with this system .. I prefer to keep it simple..
Attached File(s)
File Type: ex4 AutoPivotIndicator_ver5.ex4   32 KB | 513 downloads
File Type: mq4 AutoPivotIndicator_ver5.mq4   31 KB | 589 downloads
  • #7,133
  • Jul 5, 2011 1:55pm Jul 5, 2011 1:55pm
Quoting demoreal
If you can comment on the attached chart please. Thank you.


Would you close this trade? TDI looks flat to me.

At that time looked flat, but I stayed. Now it still looks flat but with extra 50 pips from my last post.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 133 KB
  • #7,134
  • Jul 5, 2011 2:04pm Jul 5, 2011 2:04pm
Pivots/Strong S&R/Big Numbers all important levels you need to be aware of when trading TMS setups. Great indicator.
  • #7,135
  • Jul 5, 2011 2:15pm Jul 5, 2011 2:15pm
Quoting demoreal
At that time looked flat, but I stayed. Now it still looks flat but with extra 50 pips from my last post.
Looks like you benefited from some unscheduled news:

http://blogs.wsj.com/marketbeat/2011...ades-portugal/

Smile when they go in your favour
  • #7,136
  • Jul 5, 2011 2:16pm Jul 5, 2011 2:16pm
Quoting Britpip7
too late to enter on the Day candle but worth watching
Would you please post your template? Or at least let us know what moving averages you are using.

Thanks
  • #7,137
  • Jul 5, 2011 2:39pm Jul 5, 2011 2:39pm
Quoting Danyjoe
yes!
but I do not know if it's useful with this system .. I prefer to keep it simple..
Thank you Danyjoe.
  • #7,138
  • Jul 5, 2011 2:40pm Jul 5, 2011 2:40pm
Quoting 2scoops
Looks like you benefited from some unscheduled news:

http://blogs.wsj.com/marketbeat/2011...ades-portugal/

Smile when they go in your favour


Hi 2Scoops.
TBH I don't follow the news that much. As Eelfranz pointed - smaller timeframes (15 minutes etc.) are used by the big boys to take the money from small traders. So I like 4 hourly - it's easier to see where the price is going and at the same time I avoid being played. Today (and yesterday) there was small range during London session - lot of pretending there and then at a strange time big players come in and move the market.
  • #7,139
  • Jul 5, 2011 2:56pm Jul 5, 2011 2:56pm
Quoting 2scoops
Looks like you benefited from some unscheduled news:

http://blogs.wsj.com/marketbeat/2011...ades-portugal/

Smile when they go in your favour
That news made me back bunch of pips that got taken away today
  • #7,140
  • Jul 5, 2011 3:00pm Jul 5, 2011 3:00pm
Quoting demoreal
Hi 2Scoops.
TBH I don't follow the news that much. As Eelfranz pointed - smaller timeframes (15 minutes etc.) are used by the big boys to take the money from small traders. So I like 4 hourly - it's easier to see where the price is going and at the same time I avoid being played. Today (and yesterday) there was small range during London session - lot of pretending there and then at a strange time big players come in and move the market.
BigE has stated he keeps aware of major news.
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