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Trading Made Simple

  • #8,881
  • Jul 26, 2011 10:54pm Jul 26, 2011 10:54pm
Im new to trading forex. Can someone show or guide me in using this 'Trading made Simple' system. The name of the system really caught my attention because im getting very confused and blur with all those system & charts that are been marketed! I really need a 'simple' system to learn to trade profitably...

Thanks and warm regards...

wayne88
  • #8,882
  • Jul 26, 2011 11:01pm Jul 26, 2011 11:01pm
Quoting Fitness09
Thanks for the pick up. Actually I have been trading the 5 and 15 min time frames for the past year. I switched to Big E's system for high probability, and less time in front of the computer. There are hardly any trends that run. It has been just spurts up and down, here and there. I guess everyone is waiting for Aug 2. Good luck
F09
An observation that I have made this week is the following: Have you noticed that the usual folks posting winning trades on this forum are not posting any trades they are in? I think there is a reason for that, there aren't many trading opportunities. Look at what Big-E even said a few posts back, "What a crummy week to be trading..." If the designer of the thread is not posting trades and the says it is a "crummy" time, it just might be a crummy time. I cannot say for certain, but you might want to look back at your trades and see if they truly were with the trend, entered at a good time, and were good trades to take. You might notice that you are forcing trades to happen. I know that from first hand experience many times over. There are times I wish, want, force the charts to look like a good entry when in reality they are not. I am not saying yours were not good entries but again, if the Big-E and others aren't trading, that might just say something about the entries and the market.
  • #8,883
  • Jul 26, 2011 11:16pm Jul 26, 2011 11:16pm
Quoting Fitness09
So I have entered 8 trades since Sunday. I have followed all of the rules, and have had 2 winners, 6 losers, and one currently in the losing. The trade I am in now is the GJ. I entered on the new 4 hour candle 2 hours ago. I had the Green conformation pointing up, Stoch was up, and not yet in to the over sold area. Everything looked good, but once again, the trade has turned. The only legitimate profitable trade I had was +80 on Sunday, all of the rest have been 5-10 pippers, with 15-20 pip losers.
Its also a poor time of day to be trading. Big E's first 4 hour candle opens in 45 minutes. Any time before that there is no volatility and it is recommended you stay away. Preferable trade the London session.
  • #8,884
  • Jul 26, 2011 11:51pm Jul 26, 2011 11:51pm
Never understood why someone would need good setups every day. If you have only 2 good setups for the whole week and increase your account by %2 every time, that's a %16 increase for the month..Do the math where this goes to..But unfortunately most traders see trading as a shoot and kill video game..I rather be a patient sniper in that game
  • #8,885
  • Jul 26, 2011 11:54pm Jul 26, 2011 11:54pm
Quoting dean
Its also a poor time of day to be trading. Big E's first 4 hour candle opens in 45 minutes. Any time before that there is no volatility and it is recommended you stay away. Preferable trade the London session.
I understand, unfortunately London opens at 2am for me.
  • #8,886
  • Jul 27, 2011 12:03am Jul 27, 2011 12:03am
Quoting Fitness09
I understand, unfortunately London opens at 2am for me.
I think that is the same for BigE. HE still manages though. Sets the alarm every four hours to check his candles
  • #8,887
  • Jul 27, 2011 12:15am Jul 27, 2011 12:15am
Quoting dean
I think that is the same for BigE. HE still manages though. Sets the alarm every four hours to check his candles
Yes, I have been trying to stay up. I notice the past few days, mainly during the day, the TDI on a few trades has flipped either an hour or two in to the trade. I got out with minimal damage because I was monitoring it. I would hate to see what would happen if I set them and didn't come back for 4 hours. I guess thats what sl are for. I guess I am just trying to not monitor the trades all them time. I usually trade 5-15 min charts where I had to monitor them constantly. Thanks for the help.
f09
  • #8,888
  • Jul 27, 2011 12:53am Jul 27, 2011 12:53am
Hi

There are no short cuts here. You have to read this forum from beginning to end. It took me 2 weeks and I only finnished it a few days ago, so I am still very new to this forum.

All your questions will be answered but you have to put the work in.

If you are completely brand new to trading then send me a private message and I can help you.

Best wishes

pchees


Quoting wayne88
Im new to trading forex. Can someone show or guide me in using this 'Trading made Simple' system. The name of the system really caught my attention because im getting very confused and blur with all those system & charts that are been marketed! I really need a 'simple' system to learn to trade profitably...

Thanks and warm regards...

wayne88
  • #8,889
  • Jul 27, 2011 1:17am Jul 27, 2011 1:17am
Quoting Fitness09
So I have entered 8 trades since Sunday. I have followed all of the rules, and have had 2 winners, 6 losers, and one currently in the losing. The trade I am in now is the GJ. I entered on the new 4 hour candle 2 hours ago. I had the Green conformation pointing up, Stoch was up, and not yet in to the over sold area. Everything looked good, but once again, the trade has turned. The only legitimate profitable trade I had was +80 on Sunday, all of the rest have been 5-10 pippers, with 15-20 pip losers.
As someone said its a crappy week. Last 12 trading days I've not traded 7 of them at all (including short term scalps). US has got some issues and thats causing a bit of a short term mess.

Have a look at your charts where you entered, go back and see if you are bouncing on some major resistance areas. Perhaps you are trying to enter the 2nd/3rd leg in a move which will always be riskier etc etc.

Without charts its a little difficult to help.
  • #8,890
  • Jul 27, 2011 1:25am Jul 27, 2011 1:25am
How good are we Aussies on a pushy eh??
http://www.bikes4life.com.au/wp-cont...cadelevans.jpg
  • #8,891
  • Jul 27, 2011 1:46am Jul 27, 2011 1:46am
Quoting dean
How good are we Aussies on a pushy eh??

Ah now Dean, that was only cos Wiggo bust his collar bone!

How's life in Oz? Was over there earlier this year... Adelaide and North Queensland. Beach, rainforest, reef and... VB. Perfect.

Well, we have divergence on EURUSD (again!) Tempted to counter if strong signal AND price breaches support at 1.4450/yesterday's low @ 1.4456.
  • #8,892
  • Jul 27, 2011 1:55am Jul 27, 2011 1:55am
Quoting The7
Never understood why someone would need good setups every day. If you have only 2 good setups for the whole week and increase your account by %2 every time, that's a %16 increase for the month..Do the math where this goes to..But unfortunately most traders see trading as a shoot and kill video game..I rather be a patient sniper in that game
Exactly, and personally I think if the thread was restricted to posting 4 H trades, the mood here would be much better.

And I don't think the entry is so critical as sticking with the trade and the direction.

Look at this chart, small positions on 19th and 26th would still be active today; hard to sit tight & be right, or is it the other way around?

1st post is about 4 H charts & entries, but I don't see anyone reporting trades lasting for days or 100's of pips (yes, I know E exits at 6 am, and I think that where everyone goes off track, they think next day there will be another signal?)
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It takes a lot for me to IGNORE you, but you can try.
  • #8,893
  • Jul 27, 2011 2:19am Jul 27, 2011 2:19am
Quoting DaveUK
Ah now Dean, that was only cos Wiggo bust his collar bone!

How's life in Oz? Was over there earlier this year... Adelaide and North Queensland. Beach, rainforest, reef and... VB. Perfect.

Well, we have divergence on EURUSD (again!) Tempted to counter if strong signal AND price breaches support at 1.4450/yesterday's low @ 1.4456.
If Wiggo could ride he wouldnt have broken his collar bone
Geez they are tough those blokes!!!
Oz is all good thanks mate.....pretty cold at the moment though.
What do you think of the EU/JPY??
  • #8,894
  • Edited 2:55am Jul 27, 2011 2:25am | Edited 2:55am
Quoting dean
What do you think of the EU/JPY??
Not a lot to be honest. It just seems to be wallowing around trying to find a foothold for some momentum either way.

EDIT: having said that, the 1hr candle is looking stronger and stronger. Def worth monitoring for a possible 4hr entry. Must admit the JPY pairs are not my favourites. Keeping a closer eye on EURGBP and EURUSD.
  • #8,895
  • Jul 27, 2011 4:24am Jul 27, 2011 4:24am
Scratch that.
  • #8,896
  • Jul 27, 2011 5:00am Jul 27, 2011 5:00am
Quoting The7
Never understood why someone would need good setups every day. If you have only 2 good setups for the whole week and increase your account by %2 every time, that's a %16 increase for the month..Do the math where this goes to..But unfortunately most traders see trading as a shoot and kill video game..I rather be a patient sniper in that game
Totally agree!
  • #8,897
  • Jul 27, 2011 5:07am Jul 27, 2011 5:07am
Quoting Erebus
Exactly, and personally I think if the thread was restricted to posting 4 H trades, the mood here would be much better.

And I don't think the entry is so critical as sticking with the trade and the direction.

Look at this chart, small positions on 19th and 26th would still be active today; hard to sit tight & be right, or is it the other way around?

1st post is about 4 H charts & entries, but I don't see anyone reporting trades lasting for days or 100's of pips (yes, I know E exits at 6 am, and I think that where everyone goes off track,...
For a very good experimented trader im agree(or a total newbie who play bingo) but for the newbie who i am i dont think so.
If i took this trade on 19th and if i were active for now, i will must split the trades on at least 6 trades(and i play 0.2 lot so 0.03,0.03,0.03,0.03,0.03,0.03)
Because of the psychological number exit, fibo exit, pivot point exit, tdi flat angle, tdi cross red line exit etc...

How can you stay on this trade so long?
What are the feeling you have to think it will going up again?
Irma's son?
I want to learn !!!
  • #8,898
  • Jul 27, 2011 5:32am Jul 27, 2011 5:32am
In short [email protected]. (Nice 1-2-3 pattern.) Very tight SL just above 1.6400. Monitoring closely!
  • #8,899
  • Jul 27, 2011 6:28am Jul 27, 2011 6:28am
Quoting DaveUK
In short [email protected]. (Nice 1-2-3 pattern.) Very tight SL just above 1.6400. Monitoring closely!
Hey Dave, could you inform me on what time frame you used for the 1-2-3 pattern and if you took the trade based on that pattern solely? Or if you also used the tamplate of this thread to make your decision.

Thanks :-)
  • #8,900
  • Jul 27, 2011 6:56am Jul 27, 2011 6:56am
try sell
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