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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #7,441
  • Edited 8:11am Jul 7, 2011 7:47am | Edited 8:11am
Quoting Lain
It looked like the move slowed down so I just took my profit, probably will keep going but I made 270 pips in 45 min so I can't complain
You were in the right place at just the right time with those, lol. Perfect timing. Well done!
  • #7,442
  • Jul 7, 2011 7:49am Jul 7, 2011 7:49am
Alright Pipiness - not yet but will try - it's doing my swede in. I work with computers all day aswell!!!
Sleeping boys catch no fish
  • #7,443
  • Jul 7, 2011 7:51am Jul 7, 2011 7:51am
Quoting Lain
It looked like the move slowed down so I just took my profit, probably will keep going but I made 270 pips in 45 min so I can't complain
Closed the other half as well, Total of 175 pips on 2 trades for me. Congrats on your pips!
  • #7,444
  • Jul 7, 2011 7:57am Jul 7, 2011 7:57am
Quoting Pecunia
Closed the other half as well, Total of 175 pips on 2 trades for me. Congrats on your pips!
Congrats on your pips too. Looks like 2 of the 4 I was in are pulling back so got out almost at the top. News can really help out a trade sometimes.
Might keep going up but I got my pips

Are you trading 1HR bars or 4HR bars?
  • #7,445
  • Jul 7, 2011 7:57am Jul 7, 2011 7:57am
Quote
JUSIUR - may I ask which ATR are you using for? could you post an chart with it please?
Thanks

Here is a copy of my chart. ATR is next to the TDI data in the Indicator Window. The is the standard ATR that comes with MT4 set to 7 period and color to "None" dragged on top of the TDI indicator.

JUSIUR - thanks for the upload instructions!
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd chart.gif Size: 25 KB
  • #7,446
  • Jul 7, 2011 8:08am Jul 7, 2011 8:08am
Yeah me too, I was just in time on my exit on gbpchf long, it dropped >20 pips right after. Could go back up indeed and I could have stayed in my usdcad short a little longer, but who cares right.

I only trade H4 bars, but with moves like this I drop down to M15 to manage my trade and get out at the top before the retrace. I work from home and live in Holland (london time) so I have that luxury.

Quoting Lain
Congrats on your pips too. Looks like 2 of the 4 I was in are pulling back so got out almost at the top. News can really help out a trade sometimes.
Might keep going up but I got my pips

Are you trading 1HR bars or 4HR bars?
  • #7,447
  • Jul 7, 2011 8:08am Jul 7, 2011 8:08am
Quoting The7

If you are trading the H4 and want really check a higher time frame( which I never do), check the weekly, not the daily. daily does not give a good indication for H4.
unbelievably good advice, ive been struggling to make trading H4 work, i have been trying to trade with the daily trend but never had good clear signals, I tried trading with weekly trend (in particular the last few bars) tonight, and have just closed 2 trades for +100 and +60 with 1 more still open at +40 with a TP of 60.

Thanks to Pecunia too for the equally good advice
  • #7,448
  • Jul 7, 2011 8:09am Jul 7, 2011 8:09am
Since Tuesday this week - account +44%
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  • #7,449
  • Jul 7, 2011 8:18am Jul 7, 2011 8:18am
Quoting Pecunia
Yeah me too, I was just in time on my exit on gbpchf long, it dropped >20 pips right after. Could go back up indeed and I could have stayed in my usdcad short a little longer, but who cares right.

I only trade H4 bars, but with moves like this I drop down to M15 to manage my trade and get out at the top before the retrace. I work from home and live in Holland (london time) so I have that luxury.
So do your 4HR bars start at 8am EST like mine (which is how I was in 15min before the move)?

This is the first time I've dropped down to the M15 timeframe to manage a trade and it worked pretty good. After a move like that I'd feel so bad to give back pips
  • #7,450
  • Jul 7, 2011 8:19am Jul 7, 2011 8:19am
Congrats to all of you kicking bootie with this simple method..... Big E
  • #7,451
  • Edited 8:53am Jul 7, 2011 8:24am | Edited 8:53am
eurusd short entry on 30m, exit 2/4 +70, closed +0.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 13 KB
  • #7,452
  • Jul 7, 2011 8:28am Jul 7, 2011 8:28am
Quoting eelfranz
Congrats to all of you kicking bootie with this simple method..... Big E

Thanks Big E. Your simple method is ridiculous (in a good way )

Glad to see you're back. Hope you're feeling much better.

Take care!

Lain
  • #7,453
  • Jul 7, 2011 8:38am Jul 7, 2011 8:38am
Quoting Lain
So do your 4HR bars start at 8am EST like mine (which is how I was in 15min before the move)?

This is the first time I've dropped down to the M15 timeframe to manage a trade and it worked pretty good. After a move like that I'd feel so bad to give back pips
No I think we have a 2 hour difference in our H4 bars mine started at 12 my time, so that would be 6am your time. So I wil get a new bar in 22 minutes.
  • #7,454
  • Jul 7, 2011 8:39am Jul 7, 2011 8:39am
Quoting eelfranz
Congrats to all of you kicking bootie with this simple method..... Big E
Thanks Big E you rock, stay strong!
  • #7,455
  • Jul 7, 2011 8:56am Jul 7, 2011 8:56am
Quoting eelfranz
Congrats to all of you kicking bootie with this simple method..... Big E
Thanks to you.
  • #7,456
  • Jul 7, 2011 9:08am Jul 7, 2011 9:08am
Quoting dcginc
Here is a copy of my chart. ATR is next to the TDI data in the Indicator Window. The is the standard ATR that comes with MT4 set to 7 period and color to "None" dragged on top of the TDI indicator.

JUSIUR - thanks for the upload instructions!
hey I was just wondering what is the use of the ATR dragged over the TDI with the colour set to none ?? there is nothing there
  • #7,457
  • Jul 7, 2011 9:10am Jul 7, 2011 9:10am
Quoting heynjea
hey I was just wondering what is the use of the ATR dragged over the TDI with the colour set to none ?? there is nothing there

hey traders ?! pls let me know if the 5ma is set to smoothed & the open ??
  • #7,458
  • Jul 7, 2011 9:23am Jul 7, 2011 9:23am
Quoting heynjea
hey traders ?! pls let me know if the 5ma is set to smoothed & the open ??
The one in E's template is Simple and Typical price
  • #7,459
  • Jul 7, 2011 9:26am Jul 7, 2011 9:26am
Quoting Pecunia
The one in E's template is Simple and Typical price
thank- you
  • #7,460
  • Jul 7, 2011 9:35am Jul 7, 2011 9:35am
Waited for it break the 116.50 level +15 pips now, looking for 30 to 40pips on this one...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-long-h4-07072011.gif Size: 21 KB
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