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Trading Made Simple

  • #9,401
  • Aug 8, 2011 4:43am Aug 8, 2011 4:43am
Quoting fwoodley
I see you are on line, did you get my request about your template?
Thank You
FW
Saw your pm. will responsd soon.
  • #9,402
  • Aug 8, 2011 4:54am Aug 8, 2011 4:54am
Hi!
EURGBP for sell,waiting next 4h. candle and dti cross.
  • #9,403
  • Aug 8, 2011 5:01am Aug 8, 2011 5:01am
Quoting bishopdotun
Saw your pm. will responsd soon.
Thank You
FW
  • #9,404
  • Aug 8, 2011 5:01am Aug 8, 2011 5:01am
Anyone in? Some good crosses.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpjpy aug 8.gif Size: 17 KB
  • #9,405
  • Aug 8, 2011 5:09am Aug 8, 2011 5:09am
Quoting bishopdotun
Anyone in? Some good crosses.
I am in a short on EUR/USD thought the 4h cross isn't hugely strong... will see what happens..
  • #9,406
  • Aug 8, 2011 5:16am Aug 8, 2011 5:16am
ok, +26 so far adjusted SL to 127.767 TP to 127.223 modest to be sure but not able to keep monitoring.
Idea was to walk through one of these trades and see development, hopefully it can help someone.
Attached Image (click to enlarge)
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  • #9,407
  • Aug 8, 2011 5:51am Aug 8, 2011 5:51am
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!



Thank you for your reply.
  • #9,408
  • Aug 8, 2011 6:06am Aug 8, 2011 6:06am
bishopdotun, please share indicator of your message. Thanks.
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  • #9,409
  • Aug 8, 2011 6:09am Aug 8, 2011 6:09am
anyone riding this one?
Attached Image (click to enlarge)
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  • #9,410
  • Aug 8, 2011 6:27am Aug 8, 2011 6:27am
Quoting TheMaxx
Thanks for the PDF!

I giggled when I opened the first page "TRADING MAID SIMPLE"
wait for the sequel "TRADING, MAID IN MANHATTAN"
the pdf was great, all newbies should find it and download it before asking questions.
  • #9,411
  • Aug 8, 2011 6:46am Aug 8, 2011 6:46am
Hi all - I havent traded much over the past week due to all of the news stories, here are the results of last 3 trades inc gbpjpy today. I have been setting TP & SL at 1 x ATR, as I have not been able to watch the trades. Really happy with the steady progress !!
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  • #9,412
  • Aug 8, 2011 7:18am Aug 8, 2011 7:18am
Hi eelfranz and everybody. Found your method a week ago and will trade it. My first trade:
eurusd 4hour short at 1.4234
S/L : 1.4364 above previous candle
reason: good TDI angle and first red candle has good momentum and crossed the 5 SMA, closed below (MA not the rules, but bonus)
Attached Image (click to enlarge)
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  • #9,413
  • Aug 8, 2011 7:35am Aug 8, 2011 7:35am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Good morning!

I have two trades this morning, I shorted EUR/USD and the GBP/USD.
EUR/USD @ 1.42320
GBP/USD @ 1.63699

Sorry, if the TDI Alert you can't see through it, it's not that useful. I should probably change it to regular TDI visual.

Well, anyway, have a great pippin day!
I'm up about +27 pips on E/U so far, and +15 pips on G/U.
Any thoughts? Comments welcome.
  • #9,414
  • Edited 7:55am Aug 8, 2011 7:43am | Edited 7:55am
eurusd short: at +30 pips, I put S/L to BE, so no more loss possible.
edit: exited one half at +43 pips (much price action in the past at that level, see left), second half running at no cost.
  • #9,415
  • Aug 8, 2011 7:50am Aug 8, 2011 7:50am
Hi Big E,

Thank you very much for sharing this trading system. Took my first trade last night using this system and made 100 pips on silver trade in my micro account.

Thanks for all the seniors who have been contributing to the forum. I have read first 100 pages of this thread over the weekend.

One question I have... is TDI indicator available on any other platforms other than metatrader?

Arjun
  • #9,416
  • Aug 8, 2011 7:57am Aug 8, 2011 7:57am
Does anyone think this is a good setup? Or should I just stay out of the yen market?
Attached Image (click to enlarge)
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  • #9,417
  • Aug 8, 2011 8:31am Aug 8, 2011 8:31am
Quoting OzFXtrader82
Britpip7,

Thanks for taking the time to create the roadmap for newbies. Maybe this roadmap could somehow be put at the start of the thread instead of being lost in the many, many pages. Even just a link put it how Big E put in for the others on one of his first postings.

Just a thought

Happy Trading

John
Try this link :

http://www.forexfactory.com/showthre...14630&page=612

let me know if it takes you to the first post / page of that thread?

my settings are to view newest posts first, so may vary for you; in any case, this is a shining example of what can be done with the first post in order to keep the method up to date for loyal followers and new readers alike
OPPORTUNITY IS NOWHERE
  • #9,418
  • Edited 8:57am Aug 8, 2011 8:50am | Edited 8:57am
EURAUD is on the downside on 4 hour chart, you guys should take a look at this, its been on the massive run last week, looks like a proper set up using Big E chart. Any comment?
Attached Image (click to enlarge)
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  • #9,419
  • Aug 8, 2011 8:58am Aug 8, 2011 8:58am
Quoting johnnyfx5600
EURAUD is on the downside on 4 hour chart, you guys should take a look at this, its been on the massive run last week, looks like a proper set up using Big E chart. Any comment?
Agree with you. GBPAUD also looks similar. Took this EURAUD short trade when 4hr TDI crossed and profited 50 pips. Thanks to Big E and the system.
  • #9,420
  • Aug 8, 2011 8:59am Aug 8, 2011 8:59am
Quoting iarudi
Hi Big E,

Thank you very much for sharing this trading system. Took my first trade last night using this system and made 100 pips on silver trade in my micro account.

Thanks for all the seniors who have been contributing to the forum. I have read first 100 pages of this thread over the weekend.

One question I have... is TDI indicator available on any other platforms other than metatrader?

Arjun
I know it is available for Ninja Trader. This is the platform I use.
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