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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

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Trading Made Simple

  • #8,921
  • Jul 27, 2011 4:32pm Jul 27, 2011 4:32pm
Big E,

Do you ever let a 4hr trade run for a whole day or even longer?
  • #8,922
  • Jul 27, 2011 4:46pm Jul 27, 2011 4:46pm
Quoting XxLessoxX
agree. The double top had me almost convinced that the uptrend was over, I was 50/50 on taking it or not. Also, with the nice little angle of the Tdi I was really considering a pending order 5 pips plus spread below that candle that closed below the 5EMA. My indi gave me a signal there but my prejudice for that pair just kept me out. If you use the 5ema in your decisions thenmaybe this indi will come in handy....
some requests came in to explain this indi...here is a chart with a brief explanation.
note...TDI was minimized....corresponded with TDI coss
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  • #8,923
  • Jul 27, 2011 6:47pm Jul 27, 2011 6:47pm
Quoting DaveUK
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...
You're gonna kick yourself when you wake up and look at your chart Davo, you should have held on
  • #8,924
  • Jul 27, 2011 7:17pm Jul 27, 2011 7:17pm
Can anyone tell me the significance of the Fib levels on the TDI? Thanks!
  • #8,925
  • Jul 27, 2011 7:36pm Jul 27, 2011 7:36pm
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
Thanks, i needed that! I have been in negative territory this whole month by mostly trading 1H and shorter TFs. After reading your post last night I pulled up the 07:00 cdt 4H charts this morning and bought the $/Y for +23p; sold the gbp/$ for +16p (left a lot of pips on the table but I don't regret getting out when I did); and bought the $/chf for +22p - a total of +61 pips. The reason I pulled the plug was that I was positive $2.17. I know, no biggie but it's the 1st time I have been positive since the 1st of the month. And I normally wouldn't take 3 trades at the same time but the setups looked good and I wanted to test the 4H.

Tonight at 19:00 I sold the A/NZ; the price was sitting on the 5ema so I am maybe a little early but otherwise except for the spread it looks good.

Thanks again for you post, p.
  • #8,926
  • Jul 27, 2011 7:50pm Jul 27, 2011 7:50pm
Quoting Fitness09
Can anyone tell me the significance of the Fib levels on the TDI? Thanks!
The 32 & 68 are not fib lines. The TDI is based on the RSI indicator. The lines are overbought/oversold areas. Google TDI+Mark Malone (the developer of the Traders Dynamic Index) for more info. I found the Mark's videos well worth the time.
  • #8,927
  • Jul 27, 2011 8:08pm Jul 27, 2011 8:08pm
Quoting Percival
The 32 & 68 are not fib lines. The TDI is based on the RSI indicator. The lines are overbought/oversold areas. Google TDI+Mark Malone (the developer of the Traders Dynamic Index) for more info. I found the Mark's videos well worth the time.
OKay thanks. I just assumed they were fib levels. I'm not one to just jump in and start really using a method without understanding the logic behind it. I think you have to understand why you are using things, and how they all work together.
  • #8,928
  • Jul 27, 2011 8:28pm Jul 27, 2011 8:28pm
Quoting Percival
The 32 & 68 are not fib lines. The TDI is based on the RSI indicator. The lines are overbought/oversold areas. Google TDI+Mark Malone (the developer of the Traders Dynamic Index) for more info. I found the Mark's videos well worth the time.
Just googled it and the only stuff that came up were about tuning TDI jettas, and your post.

Probably because his name is Dean Malone lol......
  • #8,929
  • Jul 27, 2011 9:22pm Jul 27, 2011 9:22pm
Quoting Fitness09
Just googled it and the only stuff that came up were about tuning TDI jettas, and your post.

Probably because his name is Dean Malone lol......
I hope posting this link is not against any forum rules;


http://www.compassfx.com/synergy/commentary.htm
  • #8,930
  • Edited 10:36pm Jul 27, 2011 10:26pm | Edited 10:36pm
Quoting cometozizo
Hey Eelfranz ,
Maximum respect to you for sharing this new and beautiful system with . 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...


Internet = Information

http://www.timeanddate.com/

Hey: your are in LONDON time, what more could you ask for? I should be so LUCKY

http://youtu.be/jxf66UtSZ_E
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It takes a lot for me to IGNORE you, but you can try.
  • #8,931
  • Jul 27, 2011 10:41pm Jul 27, 2011 10:41pm
Quoting Percival
I hope posting this link is not against any forum rules;


http://www.compassfx.com/synergy/commentary.htm
Thanks, I also found the videos on YouTube, and the PDF instructions on another site.
  • #8,932
  • Jul 28, 2011 12:46am Jul 28, 2011 12:46am
Quoting DaveUK
Hi Dexxter

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
How's that working for you now?
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It takes a lot for me to IGNORE you, but you can try.
  • #8,933
  • Jul 28, 2011 1:06am Jul 28, 2011 1:06am
Here is how to check & co-ordinate your new 4 H candle time, Europe Open, your timezone, your broker candles, Big E time, etc....
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It takes a lot for me to IGNORE you, but you can try.
  • #8,934
  • Edited 2:11am Jul 28, 2011 2:00am | Edited 2:11am
Quoting Erebus
How's that working for you now?
Absolutely fine thank you. My low risk strategy during unpredictable trading conditions continues to be effective, as it always has been. 60 pips here or there is absolutely nothing in terms of the bigger picture. As Eelfranz has stated... he will often get out of trades that start running against him, only to re-enter when conditions are favourable.

You should learn to understand that success in this game is not about one trade. Or ten. Or a hundred. It's about applying strategies that deliver long-term % growth week in week out, month in month out, year in year out. More to the the point, it's about applying them consistently. It's not a pip-waving contest. It's another day at the office.

This reminds me of a conversation I had once with a professional trader about getting things right or wrong - and how such black and white concepts are a distraction to successful trading. He said that in 90% or more of trades he got it wrong. He should have entered earlier/later or exited earlier/later and he would have made more profit. But as long as he hit his target % gain at the end of the month, he couldn't give a rat's ass how often he got it 'wrong'.
  • #8,935
  • Edited 2:25am Jul 28, 2011 2:20am | Edited 2:25am
Quoting Guitarbloke
Aussie Aussie Aussie!

Well done Cadel.
Yes, the lad done good. great to see him win after all of his bad luck in recent years.

Guess I should post a pic of Cav, but to be honest I can't get all that excited about someone who sits in a lead out train and just pops out in the last 200 metres of a 180km stage. Oh yes and Renshaw's his lead out man. Another bloody Aussie.

Just waiting till the team pursuit London 2012.
  • #8,936
  • Jul 28, 2011 2:21am Jul 28, 2011 2:21am
So what was this professional traders % monthly target?
  • #8,937
  • Jul 28, 2011 3:12am Jul 28, 2011 3:12am
Quoting DaveUK
..

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. ..
I think that's a good point. Many here are saying to check a higher T/F before trading. But I'm more interested in what's happening on the T/F I'm trading and check a lower T/F to enter for the reasons you gave. After all it's impossible for the 4hr to go up whilst the 15m is going down

As I understand these candles you can not tell where the price was when a candle opened, only if it reversed past 50% of the previous candles body.

However whilst this can be handy to know, the previous candle does not necessarily show where the price was when the candle closed. This bit I don't get.
Good Trading
  • #8,938
  • Jul 28, 2011 3:35am Jul 28, 2011 3:35am
Dave UK, you are right it heppened to me yesterday in G/A trade I saw the trade the angle of TDI was good and it was second candle so I entered the trade from the time I entered it ran against me for several hours before it entered profit zone. I bail out of the trade with 32pips before the reversal.
  • #8,939
  • Jul 28, 2011 7:55am Jul 28, 2011 7:55am
Quoting DaveUK
Absolutely fine thank you. My low risk strategy during unpredictable trading conditions continues to be effective, as it always has been. 60 pips here or there is absolutely nothing in terms of the bigger picture. As Eelfranz has stated... he will often get out of trades that start running against him, only to re-enter when conditions are favourable.

You should learn to understand that success in this game is not about one trade. Or ten. Or a hundred. It's about applying strategies that deliver long-term % growth week in week out, month in month...
Genius Davo.....perfectly said. I do get the feeling there are a lot of pip wavers here. The dangerous thing is, most of them are taking 10 pips here and there with 100 pip stop losses....everyone here needs to be aware...there WILL come a day when you hit a run of trades that hit your stop losses....so make sure your money management is up to scratch.....Dave is spot on....its all about consistency......thats the bottom line
  • #8,940
  • Jul 28, 2011 7:58am Jul 28, 2011 7:58am
Quoting DaveUK
Yes, the lad done good. great to see him win after all of his bad luck in recent years.

Guess I should post a pic of Cav, but to be honest I can't get all that excited about someone who sits in a lead out train and just pops out in the last 200 metres of a 180km stage. Oh yes and Renshaw's his lead out man. Another bloody Aussie.

Just waiting till the team pursuit London 2012.
Please try and remember the other main man he sits behind up until the last 2 metres is Matt Goss.....not sure where he is from........oh yeah.....he's another Aussie
sorry to nag on this one Dave I am a cyclist
I have the same problem......how do these sprinters actually feel good about raising their arms and accepting accolades when they really do nothing until the last 10 seconds.....I would be embarassed.
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