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Trading Made Simple

  • #7,561
  • Jul 8, 2011 9:28am Jul 8, 2011 9:28am
Anybody else cheating with the system on the 15 min chart.

Just shorted E/U. +38 and counting Stop to B/E. Likely short G/U at the 1/2 hr on the 15 min chart.

Short Euro and remaining that way. That's just the way it is !
  • #7,562
  • Jul 8, 2011 9:29am Jul 8, 2011 9:29am
Quoting NZ Chris
Anybody else cheating with the system on the 15 min chart.

Just shorted E/U. +38 and counting Stop to B/E. Likely short G/U at the 1/2 hr on the 15 min chart.

By the way. Thanks Big E. Grrrreat system
Short Euro and remaining that way. That's just the way it is !
  • #7,563
  • Jul 8, 2011 9:30am Jul 8, 2011 9:30am
Quoting NZ Chris
By the way. Thanks Big E. Grrrreat system
NAH, been burnt on the lower time frames - hate the noise down there !

good luck though buddy
  • #7,564
  • Jul 8, 2011 9:40am Jul 8, 2011 9:40am
Quoting heynjea
NAH, been burnt on the lower time frames - hate the noise down there !

good luck though buddy
I know what you mean, I have shorted G/U too, 20 pip stop but my E/U is +50 so I placed a stop now to +20, covering the proverbial backside. See what happens but no loss now. Targeting the daily lows on each one.
Short Euro and remaining that way. That's just the way it is !
  • #7,565
  • Jul 8, 2011 10:05am Jul 8, 2011 10:05am
Quoting eelfranz
Good Morning all you fabulous traders....

I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.

iT'S NOT UNCOMMON TO FIND [FONT=Comic...
Big E,
Thank you again for this great system. I have done demo now for close to one year. At one time i traded live with good results but everything changed suddenly and i had to take a one year break for demo trading.

Out of the one year of demo, only the last two months were productive. Thanks to your system. I have never been this precise with picking good trades. The max cosecutive loss i have recorded was 3 and was becuase i did not concentrate and were on the same pairs. That's by the way. Gotten over that now.

Back to biz.

Kindly comment on these trades. How do you define how much pips a setup can give you. Th7 seems to have a style at doing that. I will appreciate his input too.

Also if you compare the chfjpy setup with the current market setup, you will realize that the price reversed in just one candle. That is the more reason why i need a simple idea on how to project for pips. I have attached another picture of the current chfjpy bars.

I managed to close the chfjpy at 10pips when noticed the slope of TDI suddenly changed and turned up.

I must have a good knowledge of this before i go live. It is one thing to spot a good trade, it is another to get out with profit.
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  • #7,566
  • Jul 8, 2011 10:12am Jul 8, 2011 10:12am
Quoting NZ Chris
I know what you mean, I have shorted G/U too, 20 pip stop but my E/U is +50 so I placed a stop now to +20, covering the proverbial backside. See what happens but no loss now. Targeting the daily lows on each one.
E/U closed 2/3rds for +90 at daily low
G/U stop to B/E. Now +18

No risk now, off for the weekend. Thanks everyone
Short Euro and remaining that way. That's just the way it is !
  • #7,567
  • Jul 8, 2011 10:24am Jul 8, 2011 10:24am
Ever since I started usng this system , I'm up 1800 pips trading major pairs







Quoting NZ Chris
E/U closed 2/3rds for +90 at daily low
G/U stop to B/E. Now +18

No risk now, off for the weekend. Thanks everyone
  • #7,568
  • Jul 8, 2011 10:38am Jul 8, 2011 10:38am
Quoting Ibz
Ever since I started usng this system , I'm up 1800 pips trading major pairs
Only 4 pairs? Wow, how long have to been trading with the system? I haven't had much luck, i am down 170 pips so far.
  • #7,569
  • Jul 8, 2011 10:52am Jul 8, 2011 10:52am
Quoting DaveUK
Going live with this system from Monday. (Not micro.)

Actually I've run a live account for the past two-and-a-bit years, using pure price action - no indicators. Although this has made consistent (if modest) gains, running TMS in tandem with my usual strategy on demo does appear to have improved my ability to get it on strong movements at the right time.

It's not so much about getting you in at the right point, but keeping you out until market conditions are favourable enough to indicate a possible trade.

As someone put very nicely earlier: it...
I agree with the non-exposure to risk approach, but think about it this way:

1 trade taken means you win or you lose, unless you manage the trade and close at BE.

3 trades mean on non correlated pairs mean you can lose 1 and win 2, end BE, small profit, big profit, or a lose overall.

The way I see it taking 3 trades instead of one with the proper MM multiplies the possible endings, this of course could act for or against you.
Flp. 4:13
  • #7,570
  • Jul 8, 2011 10:58am Jul 8, 2011 10:58am
Quoting Ibz
Ever since I started usng this system , I'm up 1800 pips trading major pairs
that is awesome, do you mind sharing more info? anything, just tell us more.
  • #7,571
  • Edited 12:53pm Jul 8, 2011 11:16am | Edited 12:53pm
I know 2 scoops mentioned this earlier. If you are using the watchdog indicator make sure you have refresh set to true. If you have a slow computer this could slow it down even more or cause freezeups because the screen will be updating or refreshing more often. I was wondering why I had to constantly change timeframes to get TDI to update hopefully this will solve that problem. If I am wrong let me know. You will also have to make changes to all your charts unless someone knows how to change it in the program. You will also have to change it everytime you add a new chart.
Attached Image (click to enlarge)
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  • #7,572
  • Jul 8, 2011 11:31am Jul 8, 2011 11:31am
Quoting Anthar
I agree with the non-exposure to risk approach, but think about it this way:

1 trade taken means you win or you lose, unless you manage the trade and close at BE.

3 trades mean on non correlated pairs mean you can lose 1 and win 2, end BE, small profit, big profit, or a lose overall.

The way I see it taking 3 trades instead of one with the proper MM multiplies the possible endings, this of course could act for or against you.

Many are talking about not taking many trades, this is wrong, you could take as many good trades as you want as long as you do not risk more than you want to risk, if you will risk .10 lots in a mini account with X stop loss risking 2 or 3 %, in this case you can take 5 good trades with .02 lots, or 10 trades with .01 lots, what I mean is that you can take a lot of good trades if you see them, and at the same time risk the initial percentage that you wanted.
Indicators always obey Price, not the other way.
  • #7,573
  • Jul 8, 2011 11:45am Jul 8, 2011 11:45am
Is this long trade into resistance. Seemed like a pretty good signal. didn't notice the resistance. Also, which brokers in California would have their H4 candles set to the same start times as Eelfranz broker. Thanks
Attached Image (click to enlarge)
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  • #7,574
  • Jul 8, 2011 11:53am Jul 8, 2011 11:53am
Quoting maxtrader
Many are talking about not taking many trades, this is wrong, you could take as many good trades as you want as long as you do not risk more than you want to risk, if you will risk .10 lots in a mini account with X stop loss risking 2 or 3 %, in this case you can take 5 good trades with .02 lots, or 10 trades with .01 lots, what I mean is that you can take a lot of good trades if you see them, and at the same time risk the initial percentage that you wanted.
Yes; I totally agree with you, that's what I wanted to state in my post but I guess I couldn't explain as clear as you did... in addition to what you said the possible endings of having more than 1 trade helps you avoiding a lose / win scenario with multiple outcomes... as I said, non correlated pairs
Flp. 4:13
  • #7,575
  • Jul 8, 2011 12:30pm Jul 8, 2011 12:30pm
Quoting msn
Also, which brokers in California would have their H4 candles set to the same start times as Eelfranz broker. Thanks
He uses FXDD (Atleast according to the first 115 posts in this thread!) CA and where Big E is both are PST, I believe brokers create candles via their location time which is why ONDA / FXDD are off by an hour on the 4h... I have an fxdd account so i can always see the same things hes seeing on his charts as I'm learning -everything- I can and will be for some time...
  • #7,576
  • Jul 8, 2011 12:43pm Jul 8, 2011 12:43pm
Great form you kind people have been sustaining here! I'm glad to have stumbled on it, there is so much to learn and so many to learn from. Does anyone have any thought on the current AUDUSD chart? The 4h currently looks like a good short.
  • #7,577
  • Jul 8, 2011 2:30pm Jul 8, 2011 2:30pm
Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....

Suck it up, follow the simple rules and trade Demo until you build your confidence.

Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the kitchen.....

The reason I post Training Charts is so you'll no what to look for... how to recgonize it and where to jump in.

For those newbies go to www.babypips.com and learn about basic forex principals.. I did years ago. It's worth the time.

You can do it...

  • #7,578
  • Jul 8, 2011 3:00pm Jul 8, 2011 3:00pm
Quoting eelfranz
Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....

Suck it up, follow the simple rules and trade Demo until you build your confidence.

[font=Comic Sans MS][size=3][color=#0000ff]Snarlyjack kicks bootie...
Hello BIG E! thank for this great system. pls tell me wich time frame is better for this system 1hour or 4hour? wich time frame use? Thanks
  • #7,579
  • Jul 8, 2011 3:06pm Jul 8, 2011 3:06pm
Quoting eelfranz
Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....

Suck it up, follow the simple rules and trade Demo until you build your confidence.

[font=Comic Sans MS][size=3][color=#0000ff]Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the...

Eeelfr...

Why bother to explain to some, the proof is clear, follow the rules, and you are made. Yes, as you said, sometimes you get burned but that is currency trading, you learn from it and adjust for the next trade.

eeel... if you do not mind keep feeding us with some of those nice charts of yours. We have not had any recent ones in weeks. It just helps to re enforce the principles of your systerm. Drills it in to ones head and forces you to become a good trader even.

Keep the chart set ups coming buddy and say hello to your mrs and keep winning as always. I like to study over the weekend and trade during the week.

Nice weekend all happy piping.
Born to rule my Economic World and Make a Difference!
  • #7,580
  • Jul 8, 2011 3:09pm Jul 8, 2011 3:09pm
Quoting geobull
Hello BIG E! thank for this great system. pls tell me wich time frame is better for this system 1hour or 4hour? wich time frame use? Thanks
I'm on page 130ish of this thread so far, he has answered this about 10 - 15 times it seems to me... < I mention this because if you want to learn to use this method and to trade 4x, I suspect a measly 500 pages of reading is the least of my worry...

The method works on any time frame, however he trades 4hr charts during the London market times and if he trades during the NY session its with 1hr charts... he doesn't trade Sundays or on red news...
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