Trading Made Simple | Page 375 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #7,481
  • Jul 7, 2011 10:57am Jul 7, 2011 10:57am
I will do my best:

2) Unfortunately i can not put a figure on this angle, it just take hours of screen time and looking at the charts posted by seasoned traders I'm afraid.

4) With this i mean i larger candle with a wick mainly pointing in the direction you wish to trade. Not a small undecided candle or a doji but something that say's the big boys want to trade this way.

5) I think this speaks for itself really, i think to trade this or any system well you need to understand support and resistance and have them marked on your charts. With this done then don't trade directly into those marked area's. I don't really know what else to say about that.
But hope it helps, and feel free to ask any more questions (once you have read the thread).

Quoting jusiur
Could "define" a little more widely rules 4 and 5? I say that for many new or inexperienced (perhaps like me) may be concepts of "subjective" and could take from a different perspective.
Likewise, the rule two might be a little more precise? for example: angle greater than 1.5, or less than 2.5 OR/AND Prev. slope no less than . . . you got the idea.
Please dont send me to babypips
[color=darkgreen]I...
  • #7,482
  • Jul 7, 2011 10:58am Jul 7, 2011 10:58am
So far, my two trades I closed out
EU/GB long enter .89525 exit .89835 --1.5 hours in trade, +300 pips
EU/US long enter 1.43262 exit 1.43499 -- 1.5 hours in trade, +237 pips
thanks again for the simple trading system, back to the charts for a few before day ends for me
  • #7,483
  • Jul 7, 2011 11:09am Jul 7, 2011 11:09am
Quoting leonaforex
So far, my two trades I closed out
EU/GB long enter .89525 exit .89835 --1.5 hours in trade, +300 pips
EU/US long enter 1.43262 exit 1.43499 -- 1.5 hours in trade, +237 pips
thanks again for the simple trading system, back to the charts for a few before day ends for me
When I saw your post I thought WHAAAT??? that's more than two times the daily average range for those pairs in less than two hours... lol, your broker has five digits so you meant 30 and 24.7 pips...
Really good for 2 hours of work isn't it? well done!
Flp. 4:13
  • #7,484
  • Jul 7, 2011 11:15am Jul 7, 2011 11:15am
Quoting bez3000
I will do my best:

2) Unfortunately i can not put a figure on this angle, it just take hours of screen time and looking at the charts posted by seasoned traders I'm afraid.

4) With this i mean i larger candle with a wick mainly pointing in the direction you wish to trade. Not a small undecided candle or a doji but something that say's the big boys want to trade this way.

5) I think this speaks for itself really, i think to trade this or any system well you need to understand support and resistance and have them marked on your charts. With...
Thanks, very helpful answers, I´ll take them rigth now.

[quote]But hope it helps, and feel free to ask any more questions (once you have read the thread).[quote]
again thanks, I´ll ask to continue learning, and . . . Are you kidding? this thread is my second bible !
Humble & Kalcker CLO2 = Covid killer
  • #7,485
  • Jul 7, 2011 11:28am Jul 7, 2011 11:28am
I never suggested to look at higher time frames because they are the most lagging indicators. I said if you trading the H4, looking at the Daily will not do any good, because the distance is too short. Look at the weekly at least to see direction..
  • #7,486
  • Jul 7, 2011 11:30am Jul 7, 2011 11:30am
oops, my bad ---
feels better the other way, tho

Quoting Anthar
When I saw your post I thought WHAAAT??? that's more than two times the daily average range for those pairs in less than two hours... lol, your broker has five digits so you meant 30 and 24.7 pips...
Really good for 2 hours of work isn't it? well done!
  • #7,487
  • Edited 12:07pm Jul 7, 2011 11:30am | Edited 12:07pm
Quoting fxarcher
Hello Fellow Traders.
I feel ashamed to say that I have been lurking in the background, soaking it all up and feeling pretty much like I had nothing to contribute. It was all being said better and faster by other people and all I could do is hang on.
So this is my attempt to give back and help all the Newbie’s and maybe even some Old Timers by posting the MT4 Chart management Tips and Tricks in an attachment following below. I also share what have been for me some hard won insights concerning good trading practices.
It has occurred to me that this...
Wow. Thank you for this, fxarcher, it's a real gem of a document.

I've spent hours and hours attempting to learn forex for over three years, and on this thread I feel blessed. There is so much generous sharing of knowledge and experience - and tips, which your document is also delightfully full of.

On a different platform I was using until recently (hence my ignorance of the MT4 platform) there was an app for measuring pips. I've sorely missed it, and even posted on a different thread recently asking if anyone knew where I could find such an app. Now I find to my delight I just have to hold down the L button on my cursor. Absolutely fantabidoso!

Thank you, FXArcher, for taking the trouble to write it all down and share your vast knowledge and experience, and thanks Eeelfranz for starting this wonderful thread. Thanks to everyone who is so willing to share.

Now I just have to get my wheelbarrow out and make some pips!
  • #7,488
  • Jul 7, 2011 12:23pm Jul 7, 2011 12:23pm
Quoting pipiness
Wow. Thank you for this, fxarcher, it's a real gem of a document.

I've spent hours and hours attempting to learn forex for over three years, and on this thread I feel blessed. There is so much generous sharing of knowledge and experience - and tips, which your document is also delightfully full of.

On a different platform I was using until recently (hence my ignorance of the MT4 platform) there was an app for measuring pips. I've sorely missed it, and even posted on a different thread recently asking if anyone knew where I could find...
Thanks for that pipiness...believe me when I tell you that there is blood on that document..my blood. If you print it out to where it does not get lost in this raging river of a forum , you will benefit from it for a long time.
Best of luck
FXArcher
  • #7,489
  • Jul 7, 2011 12:39pm Jul 7, 2011 12:39pm
hello my dear friends! i like very much this thread, this system. I am interesting only one thing. wich mt4 use? all mt4 has other time so how we can use all one corect time? that our 4hour candles will close together and no diference time. P.S wich mt4 use BIG E?
Thanks
  • #7,490
  • Jul 7, 2011 12:41pm Jul 7, 2011 12:41pm
Quoting geobull
hello my dear friends! i like very much this thread, this system. I am interesting only one thing. wich mt4 use? all mt4 has other time so how we can use all one corect time? that our 4hour candles will close together and no diference time. P.S wich mt4 use BIG E?
Thanks
depends on the broker you're connected with..... MT4s are all the same shit...

Hero calls followed by margin calls...
  • #7,491
  • Jul 7, 2011 12:45pm Jul 7, 2011 12:45pm
Quoting PhAnTi'
depends on the broker you're connected with..... MT4s are all the same shit...

yes i know that, but how we can use all same time? wich broker use big e?
  • #7,492
  • Jul 7, 2011 12:52pm Jul 7, 2011 12:52pm
He uses FXDD as far as I know
  • #7,493
  • Jul 7, 2011 12:54pm Jul 7, 2011 12:54pm
Quoting fxarcher
He uses FXDD as far as I know
ok thanks. i try FXDD also
  • #7,494
  • Jul 7, 2011 1:27pm Jul 7, 2011 1:27pm
i try FXDD demo now and it is better it gives me early entry signals with my 4h time frame.
  • #7,495
  • Jul 7, 2011 1:45pm Jul 7, 2011 1:45pm
Apologies if this has been posted before i've recently discovered this nice trend indicator. It works by using the colour of the HA candles on MTF's (Its doesn't use the TDI). You want as a minimum the higher TF in agreement or ideally 2 or more of the higher TF in agreement with the direction of your trade.

Does anyone know a version of this with an alert?
Attached File(s)
File Type: mq4 #MTF_Heiken_Ashi.mq4   9 KB | 767 downloads
  • #7,496
  • Jul 7, 2011 3:24pm Jul 7, 2011 3:24pm
First 500 pages!

happy birthday TMS!!

  • #7,497
  • Jul 7, 2011 7:34pm Jul 7, 2011 7:34pm
scoops do you have your watchdog set to refresh?? this could make a difference when assessing the first candle...soemtimes the pa can turn quickly and a strong candle can be seen but the tdi is still going the other way...but when you refresh it it turns in favour of the candle...so just wondering how you have it set in your watchdog.
  • #7,498
  • Jul 7, 2011 7:38pm Jul 7, 2011 7:38pm
Quoting 33drifter
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
Wow you got rid of that analysis paralysis quickly good for you mate!! and I mean that.
  • #7,499
  • Jul 7, 2011 7:46pm Jul 7, 2011 7:46pm
Quoting heynjea
hey traders ?! pls let me know if the 5ma is set to smoothed & the open ??
its actually exponential see post 6919
  • #7,500
  • Jul 7, 2011 8:56pm Jul 7, 2011 8:56pm
What is the sentiment for trading a Non-Farm Day?

Following Forex Basics I would consider it a poor day to trade, even larger time frames.

Thoughts?
84 traders viewing now, 3 are registered:
,
kola.bear020
,