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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #8,341
  • Jul 18, 2011 10:09am Jul 18, 2011 10:09am
Quoting bishopdotun
Anyone got into this?

USDCAD:Long
Is it not candle #5???
  • #8,342
  • Jul 18, 2011 10:37am Jul 18, 2011 10:37am
I´m in this trade too. Entered kinda late, but in a relatively confortable position (9616).

Quoting bishopdotun
Anyone got into this?

USDCAD:Long
  • #8,343
  • Jul 18, 2011 10:38am Jul 18, 2011 10:38am
Weird entry, out of boredom, looks like a "double bounce"ish... Shaved +20 pips as I was sleeping, but could have been 40-45 if monitoring... I probably would pass on this if playing live...
Attached Image
  • #8,344
  • Jul 18, 2011 11:03am Jul 18, 2011 11:03am
Here is a nice bounce opportunity. Very likely it will break and hit the 113 pip S1 level
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  • #8,345
  • Jul 18, 2011 11:12am Jul 18, 2011 11:12am
heavily into euro pairs after last nights tdi crosses/bounces on the 04:00 candle (IBFX)

B/E or a max of -45 pips on 3 of the pairs - usd, jpy, gpb(this was too close to historic low/support).

SL set to 2XATR on each of them.

USD/GBP moved well +60

Still in AUD/USD from last week +100 and EUR/NZD +65 - SL moved to BE on both (AUD/USD did break target of 2X ATR - i lot closed, 2nd lot running)

Here is the eur/usd set up from last night - TDI did pull back on London session.
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"To live with Passion, it takes Courage and Grace to survive"
  • #8,346
  • Jul 18, 2011 11:16am Jul 18, 2011 11:16am
Quoting bishopdotun
Anyone got into this?

USDCAD:Long
If you entered this trade 3-4 bars ago, you are a happy man, counting your pips (should make 40 on this) now and feelin' good. But if you just entered it, you have violated the entry rules in many ways...
  • #8,347
  • Jul 18, 2011 11:18am Jul 18, 2011 11:18am
Quoting alesha77
Is it not candle #5???
NO. I entered on the first candle that crossed the 5ema line. It was however on the high of the candle. Kind of too early as the price reversed afterwards but comfortable with the angle.
  • #8,348
  • Jul 18, 2011 11:25am Jul 18, 2011 11:25am
Him all, I wonder if any one can tell me if this is a bad TDI indicator. Look at the chart. My candles change color before the TDI cross. I am not sure if this is right. They change color when TDI changes direction. it is frequently apparent but not always pronounced. Is this the way it is supposed to be or should the color change come when TDI green crosses red? appreciate any input and if this TDI is wrong do you know where I can get the link for one that works right? THanks so much
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  • #8,349
  • Jul 18, 2011 11:31am Jul 18, 2011 11:31am
Quoting eelfranz
I am so happy to see so many of you kickin' bootie. Honestly the rules are simple. You should expect winners on an ongoing basis.

You have to overcome personal glitches for this method or any other. Use common forex sense... look for possible problems before opening a trade. Check for correct angle, where is s or r, etc.

[font=Comic Sans MS][size=4][color=#0000ff]If you need a refresher about basic forex principals go...
I would love to talk with you Eelfranz. How do I PM you? Thanks
  • #8,350
  • Jul 18, 2011 11:56am Jul 18, 2011 11:56am
For all who are in USDCAD just a word of caution : 0.96100 is the weekly pivot point.
  • #8,351
  • Jul 18, 2011 12:08pm Jul 18, 2011 12:08pm
Quoting TraderDC
For all who are in USDCAD just a word of caution : 0.96100 is the weekly pivot point.
well spotted
  • #8,352
  • Jul 18, 2011 12:11pm Jul 18, 2011 12:11pm
Quoting The7
well spotted
  • #8,353
  • Jul 18, 2011 12:21pm Jul 18, 2011 12:21pm
Hi,

Anyone taking eur/gbp long on H4? what do you think?

Thanks. Xavi.
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  • #8,354
  • Jul 18, 2011 12:33pm Jul 18, 2011 12:33pm
Hello fellow traders,

I have been followng this thread for some time and am impressed the ways this method has been followed. Looks promising to me

I just took a short position on NZD/USD. Please do comment if anyone feels my entry is not correct

All the best to all!
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Fall seven times, stand up Eight! #GGMU
  • #8,355
  • Jul 18, 2011 12:34pm Jul 18, 2011 12:34pm
Sorrry to all that replied to my earlier posting. Had to run off, leaving my computer on and connected.

To answer earlier questions, I was trading on London time, so using 1 hour charts.
I clearly need to back test again. How do you guys back test? maybe that is where I am going wrong.
Tried screen shots. I am re-installing Win7 this weekend, and I am told that will enable me to do that! Some problem with my system it seems....

Cheers,

Geoff
  • #8,356
  • Jul 18, 2011 12:45pm Jul 18, 2011 12:45pm
Quoting vickym
Hello fellow traders,

I have been followng this thread for some time and am impressed the ways this method has been followed. Looks promising to me

I just took a short position on NZD/USD. Please do comment if anyone feels my entry is not correct

All the best to all!
Hey Vicky,
I remember you from LG's thread, welcome here... Your TDI angle seems a little wimpy to me, should be more like 4-6 o'clock. Could be due to NY PM hrs, not much action this time of day. But something to keep an eye on.
  • #8,357
  • Jul 18, 2011 12:46pm Jul 18, 2011 12:46pm
Quoting geoffgjones
Sorrry to all that replied to my earlier posting. Had to run off, leaving my computer on and connected.

To answer earlier questions, I was trading on London time, so using 1 hour charts.
I clearly need to back test again. How do you guys back test? maybe that is where I am going wrong.
Tried screen shots. I am re-installing Win7 this weekend, and I am told that will enable me to do that! Some problem with my system it seems....

Cheers,

Geoff
Hey Geoff,
I was in those 2 trades also (EU and AU), and with a little more patience, they both turned to be positive... (40 and 50 pips roughly) keep at it dude, don't give up yet...
  • #8,358
  • Jul 18, 2011 12:52pm Jul 18, 2011 12:52pm
Quoting pippete
Hey Vicky,
I remember you from LG's thread, welcome here... Your TDI angle seems a little wimpy to me, should be more like 4-6 o'clock. Could be due to NY PM hrs, not much action this time of day. But something to keep an eye on.
Hey Pippette, nice to see you again. Hope your trades are going all Green!

Could you tell me which TF and session do u feel is the most successful with this method?
Fall seven times, stand up Eight! #GGMU
  • #8,359
  • Jul 18, 2011 12:57pm Jul 18, 2011 12:57pm
Quoting torbarxa
Hi,

Anyone taking eur/gbp long on H4? what do you think?

Thanks. Xavi.
I looked at this trade but didn't trade it as i try not to trade against the trend, that is not a rule of this method but it's my own rule.
  • #8,360
  • Jul 18, 2011 1:01pm Jul 18, 2011 1:01pm
Quoting vickym
Hello fellow traders,

I have been followng this thread for some time and am impressed the ways this method has been followed. Looks promising to me

I just took a short position on NZD/USD. Please do comment if anyone feels my entry is not correct

All the best to all!
Two reasons i did not trade this pair.

 

  1. 4H is consolidating at the moment.
  2. Daily is in a strong uptrend and i do not trade against the trend.

Good luck

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