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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

  • #8,441
  • Jul 19, 2011 12:14pm Jul 19, 2011 12:14pm
Quoting arbinka
I may enter enter some more if I get some clear entry signals.

Attachment

I'm trading this system since July 5. My account has increased by 170%

Attachment
Hi are you trading 1 hour or 4 hour charts? TDI crosses with all rules or bounces?
Regards
Indicators always obey Price, not the other way.
  • #8,442
  • Jul 19, 2011 12:21pm Jul 19, 2011 12:21pm
Quoting bez3000
I just wait for the candle to close over the ma.
The ma has a shift of 2.
But the 5 ma is it simple or exponential?
Thanks again
Indicators always obey Price, not the other way.
  • #8,443
  • Jul 19, 2011 12:23pm Jul 19, 2011 12:23pm
Quoting The7
Are you saying that you entering the market without predicting the next move?? Don't we all enter and risk because we do predict??
Every time we place a trade, we are, in essence, predicting which way price is going to move.

But, there is a difference between risk and calculated risk. All I'm saying is that if you wait for things to line up before you jump in, your odds of winning increases substantially.

According to this thread, the "proper" entry is TDI green below red with angle between 4-6 and candle close below the MA (with optional stochastic confirmation) for a short entry. This is what I would consider a calculated risk, based on the evidence of trades that have been successful over the past months on this thread. If the conditions are met, enter. Will it always work, no. But, when the TDI is green above red and the candle is above the ma and you jump into a short position "hoping" that everything will line up, you might as well not have any indicators and just blindly buy and sell. Your chances of getting into a winning trade would be about the same.

I hope you don't think that I'm picking on you(vickym), I'm just trying to explain to the7 why I said what I said. I hope that it makes sense.
  • #8,444
  • Jul 19, 2011 12:38pm Jul 19, 2011 12:38pm
Quoting Nacho
Hello everyone! I am still testing this system, hopefully I can master it sooner or later

Here you can see what I have considered a really good setup to get into a long trade, but appearenly something went wrong. Could someone explain me why? I entered long on the second candle after the cross (see green arrow), and the reason I thought this was a good setup were the following:

1. Strong TDI cross (2 o'clock)
2. Stoch confirming trend
3. The first candle after the cross was a good bullish one with no lower tails
4. PA seemed to have been...
Your TDI did not cross - the green bounced off the bottom with the Stochastics but the TDI green did not cross the red to confirm entry conditions - suggest you re- check Big E's training charts / entry criteria.
"To live with Passion, it takes Courage and Grace to survive"
  • #8,445
  • Jul 19, 2011 12:40pm Jul 19, 2011 12:40pm
Quoting maxtrader
But the 5 ma is it simple or exponential?
Thanks again
mine are simple.
  • #8,446
  • Jul 19, 2011 12:44pm Jul 19, 2011 12:44pm
Quoting Danyjoe
Meanwhile, thanks for the reply

1) say that I trade late because the candles are long already?
2) Swing that mean? where do I see?
3) you're right .. but when I do not watch the Backtest I dont see HL timeframe and trades are always successfully .. even when I enter with 4H watch daily? or weekly?

thanks

  1. There are to many candles after the color change.
  2. Price swing (Please visit babypips.com)
  3. If your trades are alway successfully then good luck mate, i personally watch the TF above the one i am trading.

All the best.

  • #8,447
  • Jul 19, 2011 12:49pm Jul 19, 2011 12:49pm
Quoting Britpip7
Your TDI did not cross - the green bounced off the bottom with the Stochastics but the TDI green did not cross the red to confirm entry conditions - suggest you re- check Big E's training charts / entry criteria.

Sorry, but the green line crossed the red line and it is currently above it - why do you say it did not cross? By the time I entered the trade it still didnt bend horizontally like you see it now, however I did wait for the green line to surpass the red one from below it to above it.
  • #8,448
  • Jul 19, 2011 12:55pm Jul 19, 2011 12:55pm
Quoting bez3000

  1. There are to many candles after the color change.
  2. Price swing (Please visit babypips.com)
  3. If your trades are alway successfully then good luck mate, i personally watch the TF above the one i am trading.

All the best.

you are making your trade more difficult than it needs to be.

Good Point
  • #8,449
  • Jul 19, 2011 1:03pm Jul 19, 2011 1:03pm
If your willing to monitor a 4hr chart... you will see how when green crosses red it arcs or wiggles above or below red (see white boxes on the chart). You can stay the trade until it crosses red and pull down 200-400 pips on the longer runs...
Attached Image (click to enlarge)
Click to Enlarge Name: e-u.gif Size: 22 KB
  • #8,450
  • Jul 19, 2011 1:10pm Jul 19, 2011 1:10pm
Quoting eelfranz
If your willing to monitor a 4hr chart... you will see how when green crosses red it arcs or wiggles above or below red (see white boxes on the chart). You can stay the trade until it crosses red and pull down 200-400 pips on the longer runs...
Hi
eelfranz, Nice to see you online. Thank you for the great system. It changed all of my outlook towards the forex trading and giving me clear vision on my trading path. Following this method from 2 months. Thanks.
  • #8,451
  • Jul 19, 2011 1:34pm Jul 19, 2011 1:34pm
Quoting syracuse4x
Every time we place a trade, we are, in essence, predicting which way price is going to move.

But, there is a difference between risk and calculated risk. All I'm saying is that if you wait for things to line up before you jump in, your odds of winning increases substantially.

According to this thread, the "proper" entry is TDI green below red with angle between 4-6 and candle close below the MA (with optional stochastic confirmation) for a short entry. This is what I would consider a calculated risk, based on the evidence of trades that...
Hey Syracuse4x,

Dont worry. I understand your point and it is well taken. We all are here to understand the system better and any help is appreciated.

Thanks for inputs from all fellow trades!

Cheers
Vicky
Fall seven times, stand up Eight! #GGMU
  • #8,452
  • Jul 19, 2011 1:40pm Jul 19, 2011 1:40pm
Quoting bez3000

  1. There are to many candles after the color change.
  2. Price swing (Please visit babypips.com)
  3. If your trades are alway successfully then good luck mate, i personally watch the TF above the one i am trading.

All the best.

1. but we must not look at the number of candles in the bounce, right?
2. I know the swing.. just did not understand English well do not know if you meant to candles to the left or above the graph....
3. I agree .. is that when there are not many trades do I want to get caught up .. I have to control myself
most of the revenue is positive .. I make mistakes sometimes trivial

thank you very much
  • #8,453
  • Jul 19, 2011 1:44pm Jul 19, 2011 1:44pm
Can anyone comment on the below setup for a Short entry? Does it look correct?
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 136 KB
Fall seven times, stand up Eight! #GGMU
  • #8,454
  • Jul 19, 2011 1:51pm Jul 19, 2011 1:51pm
Quoting vickym
Can anyone comment on the below setup for a Short entry? Does it look correct?
I dont see e good cross TDI... see rules and pics in first page
  • #8,455
  • Jul 19, 2011 1:59pm Jul 19, 2011 1:59pm
Quoting Danyjoe
I dont see e good cross TDI... see rules and pics in first page
Thanks. Needs more refining
Fall seven times, stand up Eight! #GGMU
  • #8,456
  • Jul 19, 2011 2:03pm Jul 19, 2011 2:03pm
Anyone watching these two?
  • #8,457
  • Jul 19, 2011 2:16pm Jul 19, 2011 2:16pm
Quoting geoffgjones
Anyone watching these two?
USDCHF is still in a long term downtrend.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011_07_19_usdchf_tms_h1.gif Size: 24 KB
  • #8,458
  • Jul 19, 2011 2:30pm Jul 19, 2011 2:30pm
Quoting Nacho
Sorry, but the green line crossed the red line and it is currently above it - why do you say it did not cross? By the time I entered the trade it still didnt bend horizontally like you see it now, however I did wait for the green line to surpass the red one from below it to above it.

Hi Nacho

Sorry for the confusion - I was commenting on where you had circled the tdi and the stochastic - my mistake.

I was also watching this as it is one of my 8 pairs. When the TDI crossed it was a very strong signal candle - however I did not enter based on the next candle (I wait for the second candle to get goingafter it starts at 5pm pst)- although the APD was blue, the price action was going the wrong way (overlayed the price bar onto the APB - not stricly a TMS approach, but tweeked to my trading style) and the week was still showing short.

I went short a few days later on the Monday London open and it reversed on me :-( TDI has since repainted. Still in and believing in the weekly chart although the tdi has flattened and 1.4000 is looking a very strong support line at this time. A break of this support could be ugly for the euro but rather nice for 4x traders :-)
Attached Image (click to enlarge)
Click to Enlarge Name: e u day 7-19.gif Size: 27 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #8,459
  • Jul 19, 2011 3:40pm Jul 19, 2011 3:40pm
Quoting maxtrader
Hi are you trading 1 hour or 4 hour charts? TDI crosses with all rules or bounces?
Regards
Mainly H1. For the EU I also wait until HA crosses 5-EMA. If I have this conditions on EU then I will trade the other pairs that have TDI cross in the direction of the EU. I did only few bounce trades.
  • #8,460
  • Jul 19, 2011 3:52pm Jul 19, 2011 3:52pm
Quoting vickym
Can anyone comment on the below setup for a Short entry? Does it look correct?
I agree this looks a good setup on the 4h chart.
That's not to say i would trade it as i am not going to trade it, my reason is shown on the Daily charts.

Price is sitting at the last swing low which could be acting as a support area and also the TDI is just crossing on the daily meaning we could have a buy signal tomorrow on the daily.

These are just the reasons i did not take this trade and my personal opinion, i hope you find something interesting in it.

All the best
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