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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

  • #7,281
  • Jul 6, 2011 10:48am Jul 6, 2011 10:48am
[quote=Pecunia;4756125]
Quoting maxtrader

I just keep it simple dude:

Daily trend up= look for long trades on H4
Dailiy trend down= look for short trades on H4
Some clarification please, say the daily trend is up but current candle is red, what do you do? does the current candle need to be blue as well to take the trade?
  • #7,282
  • Jul 6, 2011 10:50am Jul 6, 2011 10:50am
Read my post on Page 482 of this thread.

This is fastest and most efficient way to get over the fear of the market.
  • #7,283
  • Jul 6, 2011 11:02am Jul 6, 2011 11:02am
I can see some set ups on 30 min charts posted here.


I thought Eelfranz's system is based only on 4 hour charts?
  • #7,284
  • Jul 6, 2011 11:04am Jul 6, 2011 11:04am
I need some clarification on figuring pips for a spreadsheet. First of all does anyone have a spreadsheet already configured for currencies. Second just found out that Metatrader uses pippettes to figure profits according to my broker. Is this correct?

Freebeans
  • #7,285
  • Jul 6, 2011 11:11am Jul 6, 2011 11:11am
Quoting 33drifter
any way to get rid of it.
For a while to get your sea legs back: 1. Trade small enough it's ok (disappointing of course but not devastating) if you lose. 2. Don't analyze, just follow the rules/checklist/indicators & see what happens. 3. When you lose look & try to see why, & how you can help yourself do better. Then you can add in more overall analysis based on what's helpful to consider rather than things that scare you out of taking a good trade.

Acomodate your own tendencies rather than fighting to overcome them. You can keep making adjustments as you progress. For example, I had to take zig zags, S/R lines & pivots off my charts because I see them as stop signs & by the time I wait for price to pass all of them the run is over. Maybe I should add them back in later, or maybe not, but at the moment they get in my way. I've also been cutting back on how many pairs to trade so I don't get distracted & confused looking at too many at once. I can add more later when I get more comfortable with the decision making process.
My favorite crochet hook is size J. It's a J-Hook!
  • #7,286
  • Jul 6, 2011 11:32am Jul 6, 2011 11:32am
[quote=33drifter;4756337]
Quoting Pecunia

Some clarification please, say the daily trend is up but current candle is red, what do you do? does the current candle need to be blue as well to take the trade?
I don't look at the candle colours on daily just the overall trend up or down. You could draw a line connecting tops or bottoms, but I just use my eyes.

Hope this helps
  • #7,287
  • Jul 6, 2011 11:35am Jul 6, 2011 11:35am
P.S. If you pass on a good trade, look back & see where & why you should have got in, & why you didn't. Then try to figure out how to fix the why you didn't. In the meantime you can console yourself with the thought that a no trade is a no loss.
My favorite crochet hook is size J. It's a J-Hook!
  • #7,288
  • Jul 6, 2011 11:36am Jul 6, 2011 11:36am
Quoting dcginc
Read my post on Page 482 of this thread.

This is fastest and most efficient way to get over the fear of the market.
sorry, can`t see relation between avoid fear and your 482 post . . . please explain in other words the concept, thanks
Humble & Kalcker CLO2 = Covid killer
  • #7,289
  • Jul 6, 2011 11:37am Jul 6, 2011 11:37am
Hi all, thanks to Big E & everyone. Guess we all have basketfull pips so far this week. I am up +800 pips this week already. This system is MAGICAL. I have not seen any system so simple and so accurate.

In the past, i have bought worthless systems at over $200 only to find the ''GARBAGES''.

today's trades:

gbpchf: +95 pips sell
usdchf: +90 pips sell
euraud: +45pips sell
eurjpy: +65pips sell
eurusd: +86pips sell
eurchf: +115pips sell
usdcad: +65pips buy

Anyone still doubt this system? Check how many traders are viewing every moment. It's amazing guys.

Money Management:

Big E. Thank you again for this system. But i need help on money management. I really dont know how MM affects my profits if i trade always by the rules but i just want to grab everything i can from this forum.

Does anyone have a good practicable idea on this? Big E, TH7, everyone? over to you guys.
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  • #7,290
  • Jul 6, 2011 11:38am Jul 6, 2011 11:38am
Hello everyone, and especially Eelfranz, this is a wonderful system and thread. So glad I found you. I am new to trading so am learning much. I am only on page 110 so I may be asking questions that are answered later but I just cannot wait. I have many questions that have not been given alot of attention or I just didn't catch on but for now I will limit myself to one. I wanted to understand better what the adjacent time frames are telling me about my potential trade whether that is H1 or H4. I have read some entries about it. would like some clear delineation if possible: when they agree or do not agree etc.. Also, I have noticed when checking my H4 charts for a good setup that often when there is not a setup on the H4 chart there will be a perfect setup on one of the other Tf''s. Can I then take those trades and have a reasonable expectation of success with all other criteria having been met of course, first or second candle entry etc. Thanks so much for all your help. Sorry, one more question: can you change your password on this site and how do I do it? Thanks
  • #7,291
  • Jul 6, 2011 11:51am Jul 6, 2011 11:51am
Quoting bishopdotun
Hi all, thanks to Big E & everyone. Guess we all have basketfull pips so far this week. I am up +800 pips this week already. This system is MAGICAL. I have not seen any system so simple and so accurate.

In the past, i have bought worthless systems at over $200 only to find the ''GARBAGES''.

today's trades:

gbpchf: +95 pips sell
usdchf: +90 pips sell
euraud: +45pips sell
eurjpy: +65pips sell
eurusd: +86pips sell
eurchf: +115pips sell
usdcad: +65pips buy

Anyone still doubt this system? Check how many traders are viewing...
Those are good pips....Kudos to you..Make sure you are not risking more than what you can afford. Might it be 1 trade, or 5 trades open at the same time. If you risking %1 per trade and have 5 open trades you actually risking 1*5=%5 which is too risky . If you have a $5000 and want to risk %1, this is $50 risk per trade. Now determine how many pips your SL is, adjust your lot size so those pips equal $50. Never never, change your risk tolerance...Stay with the risk % what you have started..
  • #7,292
  • Jul 6, 2011 11:51am Jul 6, 2011 11:51am
Thats great work bishopdotun i am sitting around 650-700 this week lets see what we can do by Friday.
Good trading all

Quoting bishopdotun
Hi all, thanks to Big E & everyone. Guess we all have basketfull pips so far this week. I am up +800 pips this week already. This system is MAGICAL. I have not seen any system so simple and so accurate.

In the past, i have bought worthless systems at over $200 only to find the ''GARBAGES''.

today's trades:

gbpchf: +95 pips sell
usdchf: +90 pips sell
euraud: +45pips sell
eurjpy: +65pips sell
eurusd: +86pips sell
eurchf: +115pips sell
usdcad: +65pips buy

Anyone still doubt this system? Check how many traders are viewing every moment. It's...
  • #7,293
  • Jul 6, 2011 12:02pm Jul 6, 2011 12:02pm
If your mind can not process what you are seeing, or there is too much iniformation, the result is a biological mental lock down - analysis paralysis. Thus, the fear to enter the trade because of uncertainty.

Back testing creates the repetition of . . . What do I see? What does it mean? What do I do?

This repetition will train your brain to instantly recognize the setups and prepare you to take action.

Compiling the statistics will prove the trading plan and system are profitable.

This combination will develop confidence in taking action once a valid signal presents itself - without hesitation or fear.

Neural Lingusitic Programming (NLP). This is the way we all learn any skill we have acquired.

Trading is no different. I have been teaching this to traders, sales people, athletes, etc.

That's what my post is suggesting. Look back to prove to yourself this system works when the rules are followed. Do it manually, and after some practice, the setups and execution of valid signals will become second nature without "thinking."

Similar to driving, or any other skill you can perform with little or no conscious analysis.
  • #7,294
  • Jul 6, 2011 12:07pm Jul 6, 2011 12:07pm
Quoting bishopdotun
Hi all, thanks to Big E & everyone. Guess we all have basketfull pips so far this week. I am up +800 pips this week already. This system is MAGICAL. I have not seen any system so simple and so accurate.

In the past, i have bought worthless systems at over $200 only to find the ''GARBAGES''.

today's trades:

gbpchf: +95 pips sell
usdchf: +90 pips sell
euraud: +45pips sell
eurjpy: +65pips sell
eurusd: +86pips sell
eurchf: +115pips sell
usdcad: +65pips buy

Anyone still doubt this system? Check how many traders are viewing...
Home run of the day award
Attached Image
  • #7,295
  • Jul 6, 2011 12:10pm Jul 6, 2011 12:10pm
Good Work Buddy, keep it coming . PIPs has eaten us a lot Now its our time to have them.

I being actively involved in forex trading for the past 6 years but always i was at the loosing side. But this particular system has given me the confidence with its positive results that yes i can survive and win if i stick to the rules of this System.

Thanks Big E and other fellow traders


Quoting bishopdotun
Hi all, thanks to Big E & everyone. Guess we all have basketfull pips so far this week. I am up +800 pips this week already. This system is MAGICAL. I have not seen any system so simple and so accurate.

In the past, i have bought worthless systems at over $200 only to find the ''GARBAGES''.

today's trades:

gbpchf: +95 pips sell
usdchf: +90 pips sell
euraud: +45pips sell
eurjpy: +65pips sell
eurusd: +86pips sell
eurchf: +115pips sell
usdcad: +65pips buy

Anyone still doubt this system? Check how many traders are viewing...
  • #7,296
  • Jul 6, 2011 12:20pm Jul 6, 2011 12:20pm
I use Average True Range which works very effectively with this system.

I trade two standard lots per trade on the 4 Hr chart.

Example: if the ATR on the signal candle is 52 pips.

Stop Loss is 2 x ATR = 104 pips

Profit Target 1 is 2 x ATR = 104 pips (1:1 Risk Reward)

When Profit Target 1 is reached, take off one lot and move stop to break even

Profit Target 2 is 4 x ATR = 208 pips. I move stop in 25 - 30 pip increments while approaching Target 2. This is a free trade as stops are at break even.

Duration of trades as long as 72- 96 hours. Average duration is about 60 hours.
  • #7,297
  • Jul 6, 2011 12:26pm Jul 6, 2011 12:26pm
Who wants to make money? 73 pip potential...
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  • #7,298
  • Jul 6, 2011 12:36pm Jul 6, 2011 12:36pm
hi I'm sorry but this is on a daily tmf, where just now after hours of being open (17 hrs in Europe) there is a slight cross.
  • #7,299
  • Jul 6, 2011 12:37pm Jul 6, 2011 12:37pm
I m happy about the results i saw this week so far. Unfortunately i missed every good trade this week because couldnt monitor any trade. But now till couple of months a head, i should be fully trading, and have much time trading 4hr with you mate. Waiting for thursday signal. Hope it will be profitable to all.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #7,300
  • Jul 6, 2011 12:46pm Jul 6, 2011 12:46pm
A lot of news activities also tomorrow, it may be tasking with market instability
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
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