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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

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Trading Made Simple

  • #7,661
  • Jul 10, 2011 3:49pm Jul 10, 2011 3:49pm
Quoting eelfranz
OK Chillin' lets not throw water baloons or continue mud wrestling...

I presented this method in it's simplicity.... knowing many could benefit. It requires no more than I have outlined earlier and that is how I'll continue to trade it.

[font=Comic Sans MS][size=4][color=#0000ff]I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators...
Hi Big E, and friends
This is my first posting at FF. I am reading this thread from the beginning when it was started. It is a highly profitable strategy and very simple to follow. So thankful to Big E for sharing it. I am trading by this method from two months and i tripled my 2 demo accounts. Have a live account from around two years never made any profit than loss. Still i love forex trading and spending a lot of time for it after my full time job. Dreaming one day i can be a full time successful trader and TRADING MADE SIMPLE giving me a lot of confidence. Thank you again Big E.
  • #7,662
  • Jul 10, 2011 5:47pm Jul 10, 2011 5:47pm
Don't forget to ------
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  • #7,663
  • Jul 10, 2011 5:52pm Jul 10, 2011 5:52pm
Nacho....

You posted a chart with questions....

What I could see was PA was in consolidation and the TDI green line ANGLE was week...
  • #7,664
  • Jul 10, 2011 6:04pm Jul 10, 2011 6:04pm
Always cherry pick and look for the steepest angles to trade...
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  • #7,665
  • Jul 10, 2011 6:51pm Jul 10, 2011 6:51pm
Quoting eelfranz
Don't forget to ------

Great you post this because many members listen to you and there are also many members trading without stop loss. Someday It could go againts them very fast and hurt really bad their account.
Thanks
Indicators always obey Price, not the other way.
  • #7,666
  • Jul 10, 2011 9:20pm Jul 10, 2011 9:20pm
Quoting eelfranz
Don't forget to ------
Stop loss = 2% of balance or 2 * ATR?
  • #7,667
  • Jul 10, 2011 10:18pm Jul 10, 2011 10:18pm
Quoting dcginc
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...
dcginc, just to clarify and apologize if it sounds ignorant, but the ATR reading refers to the last two (or three) digits? and after that apply your formulas for the SL or TP?
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Humble & Kalcker CLO2 = Covid killer
  • #7,668
  • Jul 11, 2011 12:01am Jul 11, 2011 12:01am
Hi CCE,

Thanks for the info, what is the Average Take Profit trade?

Cheers,
Erick

Quoting cce
So...it's the weekend...I ended up installing some floors today, Friday...
Couldn't be on line to mess with NFP...But...
I've got a nice follow up for the CAD/JPY trade from day before yesterday.
Thanks again to The7 for giving the heads up on the setup...
It did not pan out though. A prudent trader might very well have closed the trade early for a small profit/loss or BE. Gone long maybe on the turn of the market going north. However, Prudence, is not my middle name.

As you recall I gave it a lot of room to breath...this is Forex...it...
build a better future. ForexNation dot Org
  • #7,669
  • Jul 11, 2011 2:19am Jul 11, 2011 2:19am
Quoting arbinka
I have added some more functions to the panel. I plan to test it tomorrow on an open market. I will release it if there will be demand for it.

Attachment

WOO,your indicator is intersting!It make trade simpler!

Would you please upload this indicator.Thank you so much!
  • #7,670
  • Jul 11, 2011 2:21am Jul 11, 2011 2:21am
Hi Big E and others.

I have attached the charts below for discussion, for training etc.

These are what appear to me as bounce trades.

I would like different traders take on these, particularly Big E, but anyone is also welcome to contribute.

I have found that bounce trades seem easy in hindsight, but more difficult live then reversal trades.

Anyway, here they are.
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What you do is a reflection of you....what I do is a reflection of me.
  • #7,671
  • Jul 11, 2011 2:29am Jul 11, 2011 2:29am
Quoting eelfranz
OK Chillin' lets not throw water baloons or continue mud wrestling...

I presented this method in it's simplicity.... knowing many could benefit. It requires no more than I have outlined earlier and that is how I'll continue to trade it.

[font=Comic Sans MS][size=4][color=#0000ff]I know there is no way to stop others from adding other indicators. It's human nature. I would appreciate it if you did not post those indicators...
Hey there BigE.....seems you are feeling a lot better within yourself and it shows by the way you are back online keeping everybody in check
I know you have mentioned a few time you dont refresh your tdi...however when you click from chart to chart, doesnt this refresh it??
  • #7,672
  • Jul 11, 2011 2:45am Jul 11, 2011 2:45am
I'm in UK. Can anyone point me to a list of brokers whose 4hr candles coincide with the London open? Currently mine on Alpari start at 7.00 a.m., not 8 a.m.

Thanks guys.
  • #7,673
  • Jul 11, 2011 2:50am Jul 11, 2011 2:50am
Quoting pipiness
I'm in UK. Can anyone point me to a list of brokers whose 4hr candles coincide with the London open? Currently mine on Alpari start at 7.00 a.m., not 8 a.m.

Thanks guys.

Don't worry, in a few months when the clocks change they will be just right. My brokers candles open at the same time. they are set to GMT not BST. Always going to be wrong for half the year.
Short Euro and remaining that way. That's just the way it is !
  • #7,674
  • Jul 11, 2011 2:53am Jul 11, 2011 2:53am
hello friends! what you think GBPUSD? is it good short signal now with 4 hour?
  • #7,675
  • Jul 11, 2011 3:04am Jul 11, 2011 3:04am
Hi geobull

In my chart, it is currently 3rd candle, therefore I would leave it and wait for a better signal.

Cheers
What you do is a reflection of you....what I do is a reflection of me.
  • #7,676
  • Jul 11, 2011 3:12am Jul 11, 2011 3:12am
Quoting geobull
hello friends! what you think GBPUSD? is it good short signal now with 4 hour?
To me support around 1.5930 is very close...
  • #7,677
  • Jul 11, 2011 3:21am Jul 11, 2011 3:21am
Quoting NZ Chris
Don't worry, in a few months when the clocks change they will be just right. My brokers candles open at the same time. they are set to GMT not BST. Always going to be wrong for half the year.
Exactly. That's why I'd like to find one with a demo account with a 4hr candle that opens at 8.00 a.m. for the other half of the year!
  • #7,678
  • Jul 11, 2011 3:21am Jul 11, 2011 3:21am
Quoting geobull
hello friends! what you think GBPUSD? is it good short signal now with 4 hour?
Im short from 1.6001
  • #7,679
  • Jul 11, 2011 3:34am Jul 11, 2011 3:34am
Quoting geobull
hello friends! what you think GBPUSD? is it good short signal now with 4 hour?
Isn't it a bit close to a strong support area?
  • #7,680
  • Jul 11, 2011 3:34am Jul 11, 2011 3:34am
Morining All - am I correct in being cautious shorting GU as this is approching a strong support are? Patience please/ ta WM
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