Trading Made Simple | Page 419 | 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

  • #8,361
  • Jul 18, 2011 1:21pm Jul 18, 2011 1:21pm
Quoting vickym
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?
Most traders here including me stay away from anything shorter than 1h, I'm in US east coast time zone, so I trade 1H during US am, and 4H at night occasionally. (9pm EST and 5am EST candles. 1am rarely if I happen to wake up or stay up late). I wish I lived in Europe (am originally from Hungary..) would love to live and trade the London session there... I believe London session is the killer for this method. But in the US we have to be creative with other sessions too...
Many pips to ya!
  • #8,362
  • Jul 18, 2011 1:22pm Jul 18, 2011 1:22pm
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!
Somewhat tempting but:
1-outside 240 trading entry time (05-08 GMT +/-)
2-green TDI looks closer to 3 than 4 o'clock angle
3-entry is on candle #5 instead of 1 or 2
4-Stoch angle confirms direction but it's crossing 50 on my chart.

It's been in a 100 pip consolidation for 2+ days so eventually it will break out, but it could just as easily go up as down at this point.
I do think you'll be able to get at least a few pips if you watch it closely, and it just might break down and give you 60-80. Good luck!

JR
  • #8,363
  • Jul 18, 2011 1:29pm Jul 18, 2011 1:29pm
Quoting JRpips8
Somewhat tempting but:
1-outside 240 trading entry time (05-08 GMT +/-)
2-green TDI looks closer to 3 than 4 o'clock angle
3-entry is on candle #5 instead of 1 or 2
4-Stoch angle confirms direction but it's crossing 50 on my chart.

It's been in a 100 pip consolidation for 2+ days so eventually it will break out, but it could just as easily go up as down at this point.
I do think you'll be able to get at least a few pips if you watch it closely, and it just might break down and give you 60-80. Good luck!

JR
Thanks to all for their constructive comments. Lot to learn
Fall seven times, stand up Eight! #GGMU
  • #8,364
  • Jul 18, 2011 1:31pm Jul 18, 2011 1:31pm
Quoting The7
well spotted
well spotted indeed. I quit at +20 pips.

Learnt a lesson: should have stuck to the psychological TP at the pivot. I decided to watch while the price went beyond the pivot only to gush down below it. I lost a whopping 15pips after.

STICK TO YOUR RULES

No more clear signals on my portfolio. I'll check back at 22:00
  • #8,365
  • Jul 18, 2011 1:42pm Jul 18, 2011 1:42pm
Thanks Pippete, will look closer at my stop losses. Give them a little more room.

Thanks also for your encouragement!

Cheers,

Geoff
  • #8,366
  • Jul 18, 2011 2:11pm Jul 18, 2011 2:11pm
Quoting bez3000
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

Hi

What are using to determine daily trend? An ma or just eyeballing the chart.

Thanks
  • #8,367
  • Jul 18, 2011 2:24pm Jul 18, 2011 2:24pm
Hi,

what is the yellew line?

Thanks
  • #8,368
  • Jul 18, 2011 2:24pm Jul 18, 2011 2:24pm
.. sorry, yellow.
  • #8,369
  • Jul 18, 2011 2:30pm Jul 18, 2011 2:30pm
A really simplistic but effective way of judging the trend is just looking at what colour the HA candle is on the daily TF. This MTF HA indicator does the job.

Or of course just eyeball it.

Keep it simple.
Attached File(s)
File Type: mq4 #MTF_Heiken_Ashi.mq4   9 KB | 775 downloads
  • #8,370
  • Jul 18, 2011 3:01pm Jul 18, 2011 3:01pm
Quoting seller9
Hi

What are using to determine daily trend? An ma or just eyeballing the chart.

Thanks
Just my eyes, i try to keep it simple so do not use any other indicators.
  • #8,371
  • Edited 4:51pm Jul 18, 2011 3:08pm | Edited 4:51pm
This really difficult to interpret angle (12-2 or 4-6) beauce angle depend of the level of zoom (more zoom strech chart and modify the angle.)

try buy, correct ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdH418_07_2011.JPG Size: 209 KB
  • #8,372
  • Jul 18, 2011 4:39pm Jul 18, 2011 4:39pm
Yes, is there a good indicator that will give us some idea of the real rate of change instead of guessing the angle? Or should I backtest more?

P.S. Anyone give feedback on how they backtest?

Cheers,

Geoff
  • #8,373
  • Jul 18, 2011 7:38pm Jul 18, 2011 7:38pm
Quoting imperatorfr
This really difficult to interpret angle (12-2 or 4-6) beauce angle depend of the level of zoom (more zoom strech chart and modify the angle.)

try buy, correct ?
In my opinion on this trade you are buying right into a pretty major resistance line of 1.4150. I show it as a weekly/daily resistance level. Not a lot of room to move.

Thoughts anyone else?
  • #8,374
  • Edited 10:29pm Jul 18, 2011 9:35pm | Edited 10:29pm
Quoting bez3000
close
Sorry to bother again, but as you know synergy APB candles usually do not show where the price is, so my doubt is, when you refer you wait for the candle to close over or under the 5 ema, do you mean the price or the body of synergy APB candle. And also could you please tell me exactly the 5 ema seetings you use, because in some templates I see 5 sma shift 2 typical price and I see another seetings of 5 ema shift 3 typical price.
Thanks again for your answer
Indicators always obey Price, not the other way.
  • #8,375
  • Edited Jul 19, 2011 12:05am Jul 18, 2011 9:43pm | Edited Jul 19, 2011 12:05am
Short oportunity building up on AUD/USD...keeping an eye

EDIT - entered short @ 1.0615. Lets see how it goes..

EDIT 2 - stopped out -15
Attached Image (click to enlarge)
Click to Enlarge Name: au_19_07_opp.jpg Size: 142 KB
Fall seven times, stand up Eight! #GGMU
  • #8,376
  • Jul 18, 2011 11:46pm Jul 18, 2011 11:46pm
new candle formed at 5pm pst
Attached Image (click to enlarge)
Click to Enlarge Name: chf jpy 7-18.gif Size: 22 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #8,377
  • Jul 18, 2011 11:51pm Jul 18, 2011 11:51pm
Hello dcginc

I really like the super clean template and the addition of the Baseline in the TDI you use.

I have tried to search for the boxes that you use to delineate each trading day however i am having trouble finding them?

Could you please enlighten me as to the name of the indicator so i can search it out?

Additionally anybody else that is aware of the name or indicator, please feel free to chime in.

Thanks in advance

Regards

Ash


Quoting dcginc
They simply delineate each trading day. This is so I can count back quickly to reference days of the week when discussing set ups and trades.

There many of these types of indicators on the web.
  • #8,378
  • Jul 19, 2011 1:38am Jul 19, 2011 1:38am
Quoting maxtrader
Sorry to bother again, but as you know synergy APB candles usually do not show where the price is, so my doubt is, when you refer you wait for the candle to close over or under the 5 ema, do you mean the price or the body of synergy APB candle. And also could you please tell me exactly the 5 ema seetings you use, because in some templates I see 5 sma shift 2 typical price and I see another seetings of 5 ema shift 3 typical price.
Thanks again for your answer
I just wait for the candle to close over the ma.
The ma has a shift of 2.
  • #8,379
  • Jul 19, 2011 1:38am Jul 19, 2011 1:38am
Quoting Ash Flash
Hello dcginc

I really like the super clean template and the addition of the Baseline in the TDI you use.

I have tried to search for the boxes that you use to delineate each trading day however i am having trouble finding them?

Could you please enlighten me as to the name of the indicator so i can search it out?

Additionally anybody else that is aware of the name or indicator, please feel free to chime in.

Thanks in advance

Regards

Ash
I hope this is want you was thinking about.
Attached File(s)
File Type: mq4 i-ParamonWorkTime.mq4   5 KB | 665 downloads
File Type: ex4 i-ParamonWorkTime.ex4   5 KB | 541 downloads
  • #8,380
  • Jul 19, 2011 1:49am Jul 19, 2011 1:49am
Geoff,
I use this trading simulator.
http://www.forexfactory.com/showthread.php?t=70742
Barry
40 traders viewing now, 1 is registered:
kola.bear020