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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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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

  • #7,621
  • Jul 9, 2011 2:52pm Jul 9, 2011 2:52pm
Quoting msn
Hi Eelfranz, this question is for you. although if anyone else knows something for certain please contribute also. I have not been trading long but in the short time I have been, I have lost money on a system that didn't work and I have read that even if systems do work they do not continue to work permanently. my question is this: Is there any reason that this system might not continue to work? what happens if too many traders get onto it. Not likely in such a huge market but who knows?
I'm a total newb so take my comment for what its worth... Big E was actually presented a similar question to this before -in this same thread- I'm not sure if it was his response or another persons response (And I'm to lazy to check at the moment haha) But look at the volume of trading that goes on with everything from the big fish to the daily traders. It's not likely, infact in my opinion never going to happen, that there are enough people using the same system to effect the systems odds of still working. There simply can't be enough volume to have any real impact on price by this system. This system isn't a "use it and you will get rich" system. You still need to use fx trading basics along side this system. This system increases the probability of good trades following price action.

Even if everyone was using this exact system, people interpret signals differently. People have different ideas on the strength of candles and are bound to enter and exit during bad periods (ranging markets) or on weak candles etc... The system is super simple, but you can't throw out basic fx knowledge and skills out the window. Those skills, and your interpretation of them, will effect the way this system compliments your trading.

If it was as simple as it will work for everyone or it always works, then it would be easily turned into a robot... Robots, in my opinion, are destined to fail due to lack of interpretation being used. The system isn't going to "break" whats going to break (if anything) is HOW YOU use the system and your particular style. I have spent a huge amount of my free time playing with this and learning fx basics (still learning haha) and can tell you my first few plays have been terrible and lost a lot of monopoly money... After having found this, and still learning it in conjunction to adding to my basic fx knowledge, my penny trading is now a break even... Not making anything, but not loosing, and still learning!

I'd highly suggest reading this thread from start to end, there is so much information here to learn and absorb!
  • #7,622
  • Jul 9, 2011 4:59pm Jul 9, 2011 4:59pm
vbmark - Question: Do you confirm with other time frames... NO

Do I refresh my TDI - NO

Could too many people be using this method - NO

I trade it simple and stress free... not adding anything else to the rules.

Sometimes I add the 100 lines to my chart because they draw PA like a magnet and it makes it easy for me to see where PA is going to go most of the time.

I trade the US Open first 2-3 hours on the 1 hr charts and then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday.
  • #7,623
  • Jul 9, 2011 5:10pm Jul 9, 2011 5:10pm
I'm currently reading this thread back from the beginning and it is really simple and fantastic....thanks for sharing.

One question (please see attachment): while doing some backtesting, i have noticed this situation on a H1 eurusd chart. The TDI green line makes a strong cross of the red line, and given it happened after a long drop in price, I thought that it was supposed to shoot up....but in fact it didnt, and following the TDI movement and entering on the 2nd candle (vertical line) would have been actually a wrong entry....

why would the green line make a cross that strong but actually there is no bullish movement? thx!
Attached Image (click to enlarge)
Click to Enlarge Name: try.gif Size: 21 KB
  • #7,624
  • Jul 9, 2011 5:14pm Jul 9, 2011 5:14pm
Awesome! I feel like all the pieces are coming together.

Sorry to bomb the thread with questions but, well, you know

Quoting eelfranz
Sometimes I add the 100 lines to my chart because they draw PA like a magnet and it makes it easy for me to see where PA is going to go most of the time.
Would this be the 100 and 200 EMA?

Quoting eelfranz
...then pretty much don't trade again until 10pm my time (2 hours before the London Open) and then it's on the 4 hr charts. I check any trades at 2am my time (Pacific) and then close all 4 hr trades at 6am my time.... and switch to hourly charts again. Some days I don't trade like Sunday or Friday.
I'm on EST and my candle is updated at 12:00 AM and 4:00 AM.

2 hours before London Open for me would be 1 AM.

Should I trade at the 4 hour candle post at 12:00 or wait past that until 1:00 AM (2 hours before the London Open)?

Also, your first evening candle is at 10:00 PM, mine is at 8:00 PM. Do you think 8:00 PM EST is too early?

I am demoing with MB Trading which is why I guess the hours are different. Do you think this matters?
  • #7,625
  • Jul 9, 2011 5:14pm Jul 9, 2011 5:14pm
When you look at the Green TDI line crossing the Red TDI line... Think of the face of a clock....

For a Long trade : when green crosses red you want the green line to be pointing up at an angle between 12-2 on that clock face. (If it's pointing between 2-4 just pass on it and look for another.

For a short..... when green crosses red down you want it to be pointing at a 4-6 angle only

Everyone understand?
  • #7,626
  • Jul 9, 2011 5:24pm Jul 9, 2011 5:24pm
vbmark... Go back 1 page to my post 7615. Click on the chart to enlarge. See the light orange dotted lines on PA. Those are the 100 lines... Ex.... 1.4300, 1.4400, 1.4500. Note how PA goes to and touches
  • #7,627
  • Jul 9, 2011 5:38pm Jul 9, 2011 5:38pm
Newbie Alert.....

I've never been a druggie or alcoholic but I want to warn you:

THE FOREX IS ONE OF THE STRONGEST DRUGS KNOWN TO MANKIND !

Once you get hooked on it you'll be thinking about it when your in church, making love, sitting on the pot, at work all day, during lunch time, during your commutes... it's a rush and you have to see what you've missed, what's new on the thread, how are you gonna hide from your baby the money you just lost.... it never stops and picks up speed as each day passes...

Enjoy the ride !
  • #7,628
  • Jul 9, 2011 5:46pm Jul 9, 2011 5:46pm
Dear eelfranz
Your patience and tolerance are to be admired.
To the inquisitive traders . . .
Questions are welcome - but stop looking for certainty in the answers. There is none.
The experienced traders in this post are trying to impart that the rules and strategies are only to provide an edge - nothing more. If the edge described in this system and these rules are not enough to give you the confidence to believe in the system, or you have not done the work required to follow the rules of this system - nothing being said here will convince you otherwise.
I have never seen an author more simply and succinctly lay out a trading plan with more clarity. I have also never seen an author have to endure more redundancy. Kudos again eelfranz.
My suggestion is to do what most of us have done . . . start at Page 1 and you will find everything you need by the time you get back here.
  • #7,629
  • Jul 9, 2011 6:21pm Jul 9, 2011 6:21pm
[quote=Erebus;4765199]
Quoting eelfranz
I would not have entered this trade above... consolidation and poor angles (12-2...4-6) is best.



Looking back at last week, you were the only one to spot the best EUR-USD trade, only to be shot down by over analysis and other bad advice.

And did you really look at the chart posted by Big E in answer to your red / green line question? Go back to post 6980 and check the date on that...
Hi Erebus,

I'm a tad confused by your post - yes, of course I did go back and look at the chart which Eelfranz posted, and yes, I did see the date on it - and yes, it sorted out my query because I was able to go back on my chart to the same date and compare E's indicator angle with mine. And so I was able to verify that my indicator was working properly, which was the only reason for my post at that point.

I don't think the rest of your post pertains to me - 'cos I didn't spot any trades........at the time I wasn't looking for trades, I was just comparing my charts to others which were being posted and trying to sort out my indicators, lol, so the kudos for spotting that good trade belongs to someone else, not me
  • #7,630
  • Edited 7:36pm Jul 9, 2011 7:02pm | Edited 7:36pm
Post deleted because problem solved, but I can't delete the pic!
Attached Image (click to enlarge)
Click to Enlarge Name: synergy candlesticks.gif Size: 28 KB
  • #7,631
  • Jul 9, 2011 7:06pm Jul 9, 2011 7:06pm
Quoting pipiness
My candlesticks have lots of green 'shadows' on them which I'm not seeing on other charts posted here - even though it's the synergy indicator I downloaded from the thread.

Attachment

It doesn't seem to be the same on other charts I'm seeing, is there some way I can adjust it to show the candles in simple red/blue, please?
Perhaps this is my chance to give back to the forum

On the chart right click for Properties or do F8 to get the properties dialog box.

Attached Image


Set bar and candles colors to none.
  • #7,632
  • Jul 9, 2011 7:27pm Jul 9, 2011 7:27pm
Quoting eelfranz
Newbie Alert.....

I've never been a druggie or alcoholic but I want to warn you:

THE FOREX IS ONE OF THE STRONGEST DRUGS KNOWN TO MANKIND !

[font=Comic Sans MS][size=4][color=#0000ff]Once you get hooked on it you'll be thinking about it when your in church, making love, sitting on the pot, at work all day, during lunch time, during your commutes... it's...

Ha Ha, I already see 4HR charts when I close my eyes at night.
  • #7,633
  • Jul 9, 2011 7:37pm Jul 9, 2011 7:37pm
Quoting vbmark
Perhaps this is my chance to give back to the forum

On the chart right click for Properties or do F8 to get the properties dialog box.

Attachment

Set bar and candles colors to none.
MANY thanks, vbmark. Problem now solved.
  • #7,634
  • Jul 9, 2011 7:38pm Jul 9, 2011 7:38pm
Quoting eelfranz
vbmark... Go back 1 page to my post 7615. Click on the chart to enlarge. See the light orange dotted lines on PA. Those are the 100 lines... Ex.... 1.4300, 1.4400, 1.4500. Note how PA goes to and touches
Hi Eel..

As for those dotted 100 lines, did you put there manually or used a tool for that, I know there is a tool that can draw those lines with 00 numbers. Not sure where it is or called, if any one knows you eel drop us a line so we can add it to this great strategy of yours. Thanks a thrillion times for this thread, my life and my families are being changed by this thread I have to say. Money is just on the table for the taking with this systerm. Just keep your Greed and fear outside your charts and be patient for the signal to come to you and Don't jump the Gun, it will bite you sooner that later if you do jump in with out a signal.

Thanks
Born to rule my Economic World and Make a Difference!
  • #7,635
  • Jul 9, 2011 8:04pm Jul 9, 2011 8:04pm
...As for those dotted 100 lines, did you put there manually or used a tool for that, I know there is a tool that can draw ......

Sharemaster,

Here's an indicator that applies up to 6 different price level lines to your chart. It's highly customizable for # lines, colors, line style, with or without text on each level, and even the number of line sets to display above/ below the current price. It's set for 00 20 33 50 66 80 levels as is, but even those can be changed to whatever you like.


Best regards,

JR
Attached Image
Attached File(s)
File Type: mq4 SDX-SweetSpots_v5.2Psych 6 levels.mq4   13 KB | 826 downloads
  • #7,636
  • Jul 9, 2011 8:19pm Jul 9, 2011 8:19pm
Quoting eelfranz
Newbie Alert.....

I've never been a druggie or alcoholic but I want to warn you:

THE FOREX IS ONE OF THE STRONGEST DRUGS KNOWN TO MANKIND !

[font=Comic Sans MS][size=4][color=#0000ff]Once you get hooked on it you'll be thinking about it when your in church, making love, sitting on the pot, at work all day, during lunch time, during your commutes... it's...
Phew! At least I'm not the only one. I got it bad!
Luck occurs when preparation meets with opportunity.
  • #7,637
  • Jul 9, 2011 8:23pm Jul 9, 2011 8:23pm
Quoting sharemaster2
Hi Eel..

As for those dotted 100 lines, did you put there manually or used a tool for that, I know there is a tool that can draw those lines with 00 numbers. Not sure where it is or called, if any one knows you eel drop us a line so we can add it to this great strategy of yours. Thanks a thrillion times for this thread, my life and my families are being changed by this thread I have to say. Money is just on the table for the taking with this systerm. Just keep your Greed and fear outside your charts and be patient for the signal to come to you...
Here's one I use: Round Numbers 5 Digit. It's simple and basic. It also helps me eyeball price ranges quickly.

Change the "grid space" to 50 and it shows only 100's. Change it to 25 and it shows 50's and 100's. I don't know why those numbers, I didn't write it. You can change the color of the lines, too. Enjoy!
Attached File(s)
File Type: mq4 Round Numbers 5 digit.mq4   4 KB | 831 downloads
Luck occurs when preparation meets with opportunity.
  • #7,638
  • Jul 9, 2011 9:00pm Jul 9, 2011 9:00pm
HEy all, I downloaded the simulator that was posted the first 150 pages or so and I installed it. everything seems to be right but I cannot figure out how to open the program. There is no desktop icon and it is not listed in programs from the start menu. Does anyone or the original poster know how to open this simulator? any help would be appreciated.
  • #7,639
  • Jul 9, 2011 9:02pm Jul 9, 2011 9:02pm
Thanks keltset for your answer. I understand. It is a comfort somehow.
  • #7,640
  • Jul 9, 2011 10:50pm Jul 9, 2011 10:50pm
Quoting msn
HEy all, I downloaded the simulator that was posted the first 150 pages or so and I installed it. everything seems to be right but I cannot figure out how to open the program. There is no desktop icon and it is not listed in programs from the start menu. Does anyone or the original poster know how to open this simulator? any help would be appreciated.
I believe you just put it in your expert folder in your Meta Trader 4 platform. It will like an EA but you don't add it to a chart you actually run it through the Strategy tester. If I remember correctly it had a user manual that explained everything. Let me know if you need the manual and I will attach it to another post. I can't do so now because I am not on my personal computer. Tony
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