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Trading Made Simple

  • #9,381
  • Aug 7, 2011 8:32pm Aug 7, 2011 8:32pm
USD/CHF H4 to me it is re-enterng short (went short on opening of that candle)
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  • #9,382
  • Edited 11:32pm Aug 7, 2011 10:51pm | Edited 11:32pm
Just entered long EUR/GBP, D1, chart attached. 35 pip stop, 70 pip target. Any comments on the entry are welcome.

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  • #9,383
  • Aug 7, 2011 11:01pm Aug 7, 2011 11:01pm
E/u h1 sold on opening of this candle
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  • #9,384
  • Aug 7, 2011 11:38pm Aug 7, 2011 11:38pm
Quoting GT_Pips
You might want to read the pdf version of the system rules listed on thread #9363 and then you would already know what is wrong with the weekly chart.

I am not sure what I am missing - nice sharp upward green line cross stochastic in confirmation and it's near the 32 level. All that I can see is that it might be close to a resistance level...... am i missing something fundamental??
  • #9,385
  • Aug 7, 2011 11:51pm Aug 7, 2011 11:51pm
Quoting jwscott
Just entered long EUR/GBP, D1, chart attached. 35 pip stop, 70 pip target. Any comments on the entry are welcome.

Attachment
I would suggest checking your lower timeframes for entry - especially on a Sunday
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"To live with Passion, it takes Courage and Grace to survive"
  • #9,386
  • Aug 8, 2011 12:30am Aug 8, 2011 12:30am
New to the forum and the information here is incredible. Sorry for the stupid question but how do I open the tpl and mq4 files? Any help appreciated.
  • #9,387
  • Aug 8, 2011 12:57am Aug 8, 2011 12:57am
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting spitfire852
I am not sure what I am missing - nice sharp upward green line cross stochastic in confirmation and it's near the 32 level. All that I can see is that it might be close to a resistance level...... am i missing something fundamental??
Well the major system rule broken is that your trading a weekly chart and the rules are for an H4 chart.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,388
  • Aug 8, 2011 1:15am Aug 8, 2011 1:15am
Quoting pete168_99
New to the forum and the information here is incredible. Sorry for the stupid question but how do I open the tpl and mq4 files? Any help appreciated.
you do not open them, copy and paste or move to the experts/indicators folder of your MT4 program, then close and re-open to viualize indicators in indicators/custom indicators menu.
  • #9,389
  • Aug 8, 2011 1:25am Aug 8, 2011 1:25am
Quoting GT_Pips
Well the major system rule broken is that your trading a weekly chart and the rules are for an H4 chart.
Ahh off course however, that was the kinda feedback I was looking for sorry... theoretically it should be a workable trade shouldn't it based on the fact that longer timeframes eradicate noise from the markets? It's not a not a trade I took more looking for input as I was looking over weekly charts over the weekend and the system seems to work for them too.
  • #9,390
  • Aug 8, 2011 1:25am Aug 8, 2011 1:25am
just opened short, GBP/JPY as per rules @ 127.71, SL 128.58.
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  • #9,391
  • Aug 8, 2011 1:36am Aug 8, 2011 1:36am
Quoting geosanuy
just opened short, GBP/JPY as per rules @ 127.71, SL 128.58.
I think it is not perfect position because of PA and TDI's angle. (Just my view )
  • #9,392
  • Aug 8, 2011 1:37am Aug 8, 2011 1:37am
Quoting geosanuy
just opened short, GBP/JPY as per rules @ 127.71, SL 128.58.
ya, down about 25 pips, cross not too convincing, kind of flattish, but it is a 4HR trade and my first with the system, wait ´n see.
  • #9,393
  • Aug 8, 2011 2:31am Aug 8, 2011 2:31am
hello everyone, any thoughts about todays trading sesssion? just trying to find good setups for today. NZD/usd looks like want to fall down but third candle already and still no good signal from TDI. waiting for a GBP/USD bounce down. USD/CAD looks like a bounce down gonna happen. NZD/CHF just waiting for a reverse from TDI level32. E/U formong new HH on H4.
  • #9,394
  • Aug 8, 2011 2:57am Aug 8, 2011 2:57am
Dear traders how do you use S / L on at the last hi or low candle. Or do not use the hard S / L. Trader have that use the hard S / L 30 -50 n. Сomment please.
  • #9,395
  • Aug 8, 2011 3:30am Aug 8, 2011 3:30am
Quoting geosanuy
ya, down about 25 pips, cross not too convincing, kind of flattish, but it is a 4HR trade and my first with the system, wait ´n see.
yes we could be looking out for a short on gbpjpy but not yet. Nothing would have prompted that trade.

patience
  • #9,396
  • Aug 8, 2011 3:35am Aug 8, 2011 3:35am
Quoting neshat
eelfranz

Thank you so much for your simple system.
I hope this file can help people who are new(like me) in this system.
This is include of some important eelfranz's posts upto now.But I recommend to read all thread.
Thanks for the PDF!

I giggled when I opened the first page "TRADING MAID SIMPLE"
  • #9,397
  • Aug 8, 2011 3:35am Aug 8, 2011 3:35am
I see you are on line, did you get my request about your template?
Thank You
FW
  • #9,398
  • Aug 8, 2011 3:46am Aug 8, 2011 3:46am
ok, 20 min to go on bar, just about BE, think it can still go positive next bar: one of the problems aside from the weak TDI angle seems to be that earlier Res. areas may have become Support (arrows)
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  • #9,399
  • Aug 8, 2011 4:04am Aug 8, 2011 4:04am
Quoting Julia UA
Dear traders how do you use S / L on at the last hi or low candle. Or do not use the hard S / L. Trader have that use the hard S / L 30 -50 n. Сomment please.
Always use a SL. Two options. Either as BigE said i.e move back two candles and use the high of that candle as a SL for sell or low for buy. Or else you can use swing high and swing low.

It is very bad practice to trade without using stop loss.

Thats my oppinion at least. Hope that's the answer you were looking for!
  • #9,400
  • Aug 8, 2011 4:33am Aug 8, 2011 4:33am
Third candle, about 45 mins. in, +12 pips or so, setting SL just above previous candle, 128.22, TP 127.19 will report outcome later.
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