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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #8,401
  • Jul 19, 2011 5:38am Jul 19, 2011 5:38am
Quoting Pips Queak
I don't have a problem with losers, but I reckon I'm at about 50/50 win/loss ratio which naturally makes me look at losers more closely to see what I'm doing wrong.

1 hour before London open probably wasn't the best time in hindsight.
Keep at it mate and you will move that 50/50 into the positive.
Coincidence we are both IT Consultants in the London area!!!
  • #8,402
  • Jul 19, 2011 5:41am Jul 19, 2011 5:41am
Thanks for the quick response guys.

Essentially i tried following the link that was supplied by another poster, turned out to be a dead link however i was able to google it and find the page he was referring to... It wasn't the exact indi i was after however at the bottom of the page in related topics i found a thread that had what i was after.

The indicator if anyone else is interested is called "Coloured_Days_on_Chart" and i have attached it below.

Thanks again for your help.

Regards

Ash
Attached File(s)
File Type: mq4 Coloured_Days_on_Chart.mq4   2 KB | 659 downloads
  • #8,403
  • Jul 19, 2011 5:42am Jul 19, 2011 5:42am
Forex trading is very exciting, but can be equally dangerous.
  • #8,404
  • Jul 19, 2011 5:50am Jul 19, 2011 5:50am
Quoting bez3000
I just wait for the candle to close over the ma.
The ma has a shift of 2.
Just a reminder that Big E uses a shift of 3:

Quoting eelfranz
Alex...

Moving Average on the chart - Mine is 5, shift 3, exponential, Typical....
  • #8,405
  • Jul 19, 2011 5:53am Jul 19, 2011 5:53am
This is my first post on this thread. Please, anyone selling USDCHF or what is your opinion?http://desktop/usdchf,%20on%20h1
  • #8,406
  • Jul 19, 2011 6:03am Jul 19, 2011 6:03am
critics welcome.

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  • #8,407
  • Jul 19, 2011 6:39am Jul 19, 2011 6:39am
Two quick trades this morning @ 09:18

chfjpy short @ 96.392 : on H1

ATR *2= 38pips Target reached

gbpchf long @ 1.31758 : 0n H1

ATR *2= 58pips Target reached

EurUsd Long was also good for 60pips but i missed it.


No other clear signals at the moment.
  • #8,408
  • Jul 19, 2011 7:08am Jul 19, 2011 7:08am
... doing fine. Not shure I should bail out already, but I guess I'll wait for them to get to their objective. Crossing angle was ideal only in audusd.
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  • #8,409
  • Jul 19, 2011 7:27am Jul 19, 2011 7:27am
wanna short,check the trend.
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  • #8,410
  • Jul 19, 2011 8:11am Jul 19, 2011 8:11am
EU shorted @ 1.4145

TP - 50 pips
SL - 25 pips

Lets see how it goes
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Fall seven times, stand up Eight! #GGMU
  • #8,411
  • Jul 19, 2011 8:16am Jul 19, 2011 8:16am
Good Morning all,

A great thanks to Eelfranz for sharing this method. I have been demoing it for 2 days and I am very amazed by its accuracy.

Another huge thanks for all for helping me to understand the method better.

As I am in pacific time, I followed his trading times, entered a buy AUSUSD H4 at 10pm, could not wake up at 2am, woke up at 5:50am, took 60pips.

Good Trading to all.
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  • #8,412
  • Edited 8:39am Jul 19, 2011 8:17am | Edited 8:39am
Deleted. Answered my own question!
  • #8,413
  • Jul 19, 2011 8:44am Jul 19, 2011 8:44am
Learnt my lesson this week, i took 3 trades, all CHF, all in the over sold area and got smoked on every one.

new rules for me: take notice of over bought/sold areas, and only take one or two trades at a time that arent correlated pairs.
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  • #8,414
  • Jul 19, 2011 8:48am Jul 19, 2011 8:48am
Just out of curiosity, what are the thoughts on letting trades run for greater profits? Any rules of thumb? I have had several winners the past couple of weeks but I jump out to early. Almost all of them would have gained me many more pips.

Thoughts?
  • #8,415
  • Jul 19, 2011 9:05am Jul 19, 2011 9:05am
Quoting bez3000
Keep at it mate and you will move that 50/50 into the positive.
Coincidence we are both IT Consultants in the London area!!!
Cheers. I've read a lot of your posts with interest.

This is my IR35 fund
  • #8,416
  • Jul 19, 2011 9:09am Jul 19, 2011 9:09am
Quoting Rcwso
Just out of curiosity, what are the thoughts on letting trades run for greater profits? Any rules of thumb? I have had several winners the past couple of weeks but I jump out to early. Almost all of them would have gained me many more pips.

Thoughts?
That question was answered for me, when I read a comment by J.P. Morgan: "I made ALL of my money by getting out, too soon."
Mind Power Magnetizes Market Profits!
  • #8,417
  • Jul 19, 2011 9:11am Jul 19, 2011 9:11am
Quoting vickym
EU shorted @ 1.4145

TP - 50 pips
SL - 25 pips

Lets see how it goes

I see absolutely nothing that would suggest a short on the EU. At least nothing that pertains to this method. I didn't see any TDI cross or ma cross. Just the opposite. I got a signal last night at midnight(Eastern Time) to go long and I'm up about 70 pips at the moment.....
  • #8,418
  • Jul 19, 2011 9:29am Jul 19, 2011 9:29am
Quoting sunsue
That question was answered for me, when I read a comment by J.P. Morgan: "I made ALL of my money by getting out, too soon."
Great point. I have put pips in my account each time and therefore my account is growing. I will take that for the future.

Thanks.
  • #8,419
  • Jul 19, 2011 9:30am Jul 19, 2011 9:30am
Quoting syracuse4x
I see absolutely nothing that would suggest a short on the EU. At least nothing that pertains to this method. I didn't see any TDI cross or ma cross. Just the opposite. I got a signal last night at midnight(Eastern Time) to go long and I'm up about 70 pips at the moment.....
Yup I know. I messed up with the entry. I entered anticipating the TDI cross but it did not happen.

Still learning the method.

Cheers
Vicky
Fall seven times, stand up Eight! #GGMU
  • #8,420
  • Jul 19, 2011 9:38am Jul 19, 2011 9:38am
The fastest way to blow an account is trying to predict where the market is going or anticipating it's next move. (Trust me on this one, I know from experience). It's better to wait for a signal and then jump in.
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