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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #8,901
  • Edited 7:49am Jul 27, 2011 7:16am | Edited 7:49am
Quoting Dexxter
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 :-)
Hi Dexxter

Sure. First saw a bounce on the 1hr but waited for 4hr. See charts below (these are CET, which is GMT-2). When 4hr gave the signal (most recent candle) I drilled down to the 15min to see what the price was doing in more detail. I have my S/R lines on that so they don't clutter the synergy chart. There I could see the 1-2-3 (though the 3 was quite high!) and the fact that the low coincided with monthly pivot R1. Once it breached that solidly I took the trade.

This is a difficult one. I know Eelfranz has said time and time again to only trade at the beginning of a candle so maybe I shouldn't say this but...

Once the TDI has given a signal, I always look at the 15min to see what price is doing and make my trade based on that. So often it'll be approaching potential S/R and I'll wait for that to be breached. In this case, it was about 25mins after the 4hr candle had formed. I hadn't lost any of the move's momentum... just waited for price action to confirm that the set up was sound.

To me, the point at which a candle opens is irrelevant. After all, we're trading price, not candles.

EDIT: well after all that it wasn't much of a trade... didn't like the way price was bouncing at daily S1 so got out for +20!

cable 1 short.jpg
cable 4 short.jpg
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  • #8,902
  • Jul 27, 2011 7:49am Jul 27, 2011 7:49am
Quoting pipiness
Like watching paint dry!
This week is a good example on why you're better off trading off the higher TF's.
  • #8,903
  • Jul 27, 2011 8:27am Jul 27, 2011 8:27am
Quoting dean
How good are we Aussies on a pushy eh??
i concur
  • #8,904
  • Jul 27, 2011 10:31am Jul 27, 2011 10:31am
Quoting Forethan
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...
Never under estimate how far a currency pair can & will run, it's not like a stock
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It takes a lot for me to IGNORE you, but you can try.
  • #8,905
  • Jul 27, 2011 11:13am Jul 27, 2011 11:13am
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Erebus
Never under estimate how far a currency pair can & will run, it's not like a stock
I hope those are full 100k or larger lot sizes and not just mini lots.
He who wanders, never gets lost. No good deed goes unpunished.
  • #8,906
  • Jul 27, 2011 12:35pm Jul 27, 2011 12:35pm
Good 4h trade ...



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  • #8,907
  • Jul 27, 2011 12:40pm Jul 27, 2011 12:40pm
4hr trade ....

I've got three other trades in progress but can't get the charts to load for some reason...

  • #8,908
  • Jul 27, 2011 12:55pm Jul 27, 2011 12:55pm
Quoting eelfranz
4hr trade ....

I've got three other trades in progress but can't get the charts to load for some reason...
was this one of them? beautiful set up
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  • #8,909
  • Jul 27, 2011 1:00pm Jul 27, 2011 1:00pm
or this? another nice one

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  • #8,910
  • Jul 27, 2011 1:08pm Jul 27, 2011 1:08pm
I think the two trades above are going towards, or even hit, daily piv points.

Cheers,

Geoff
  • #8,911
  • Jul 27, 2011 1:23pm Jul 27, 2011 1:23pm
what do you guys think of usdcad now?
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  • #8,912
  • Jul 27, 2011 1:28pm Jul 27, 2011 1:28pm
This pair have also taken to the other direction!

Not a good time to trade!
  • #8,913
  • Jul 27, 2011 1:35pm Jul 27, 2011 1:35pm
Quoting GT_Pips
I hope those are full 100k or larger lot sizes and not just mini lots.
You got it !!!
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It takes a lot for me to IGNORE you, but you can try.
  • #8,914
  • Jul 27, 2011 2:23pm Jul 27, 2011 2:23pm
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.
Well, the euro pairs all dove today (dragging the gbp's along), thanks to uneasiness in Germany over Greece bailout 2! And this system worked beautifully - on the H1 as well at the H4's. It was my first day with it so I only went with small positions - darn it! Big E, you're right: the pips are in there for the mining! What a debut! Eel, you're great!!
  • #8,915
  • Jul 27, 2011 2:27pm Jul 27, 2011 2:27pm
Hey Eelfranz ,
Maximum respect to you for sharing this new and beautiful system with . You started this thread since April but I just came across it 2 weeks ago and I have been studying the post one after the other am still in Page 100 nw and I think this thread is close to 600page , long ....nah ...for a great system like this I will read the post and try nd eliminate infos that r not needed . for example most members asking for how to enter all ova again . I took my first trade today base one ur entry at around 10am my time ( Am a Nigerian )nd is was cool. +45 pips . And I was the one that close the trade base on not being sure with the (10pm , 2am , 6pm eelfranz entry) . One question I will like to ask is how to get the correct time in my country we are about 8 hours ahead oof the ur time eelfranz . I am using FXDD too . You reply will appreciate on the (10.pm, 2am , 6am ) . .
  • #8,916
  • Jul 27, 2011 2:50pm Jul 27, 2011 2:50pm
Hey Eelfranz ,
Maximum respect to you for sharing this new and beautiful system with . You started this thread since April but I just came across it 2 weeks ago and I have been studying the post one after the other am still in Page 100 nw and I think this thread is close to 600page , long ....nah ...for a great system like this I will read the post and try nd eliminate infos that r not needed . for example most members asking for how to enter all ova again . I took my first trade today base one ur entry at around 10am my time ( Am a Nigerian )nd is was cool. +45 pips . And I was the one that close the trade base on not being sure with the (10pm , 2am , 6pm eelfranz entry) . One question I will like to ask is how to get the correct time in my country we are about 8 hours ahead oof the ur time eelfranz . I am using FXDD too . You reply will appreciate on the (10.pm, 2am , 6am ) . .
  • #8,917
  • Jul 27, 2011 2:50pm Jul 27, 2011 2:50pm
I've just started using this system and am doing great, 100 pips eur/aud, 35, e/j, 42 a/j, 26, aud/cad, 75 e/u, 43 g/u and a few more smaller trades....a great week!!!
  • #8,918
  • Jul 27, 2011 3:54pm Jul 27, 2011 3:54pm
Quoting Erebus
You got it !!!
Hi Erebus
Your currency strength Indicator seems interesting and workble . Can you shareit please??

arasheed
  • #8,919
  • Jul 27, 2011 4:01pm Jul 27, 2011 4:01pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Erebus
You got it !!!
Excellent.
He who wanders, never gets lost. No good deed goes unpunished.
  • #8,920
  • Jul 27, 2011 4:08pm Jul 27, 2011 4:08pm
Quoting dean
How good are we Aussies on a pushy eh??
http://www.bikes4life.com.au/wp-cont...cadelevans.jpg
Aussie Aussie Aussie!

Well done Cadel.
'Fail to plan, plan to fail'
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