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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #9,421
  • Aug 8, 2011 9:14am Aug 8, 2011 9:14am
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.

Thank you for posting the pdf file. It was helpful to me.
  • #9,422
  • Aug 8, 2011 9:26am Aug 8, 2011 9:26am
To Big E and all the seniors out there .... Has any used this system to trade 4 hour charts strictly round the clock. If yes, how are the results?

Because of my day job I will not be able to trade NY session on hourly charts. I was wondering how this system works if one trades through the NY session using 4 hour chart on daily basis.

Your responses are much appreciated.

Thankyou.
  • #9,423
  • Aug 8, 2011 9:30am Aug 8, 2011 9:30am
eurusd short: exited the trade with +58 pips with the second half (first half +43 pips). Exit, because I saw on the 1h candlestick chart a bullish pinbar at a S/R line.
  • #9,424
  • Aug 8, 2011 9:35am Aug 8, 2011 9:35am
SL hit EUR/GBP D1. Vertical red line shows my entry long. Anything obvious that I missed on this chart?

Attached Image (click to enlarge)
Click to Enlarge Name: eurgpb2.gif Size: 35 KB
  • #9,425
  • Aug 8, 2011 9:41am Aug 8, 2011 9:41am
Quoting jwscott
SL hit EUR/GBP D1. Vertical red line shows my entry long. Anything obvious that I missed on this chart?

Attachment
The chart shows a bearish H&S pattern. Very often the right sholder goes the same distance as from the neckline of to the head. Be carefull trading long until you se a break of the right shoulder and a pullback with a HL
  • #9,426
  • Aug 8, 2011 9:46am Aug 8, 2011 9:46am
Quoting jwscott
SL hit EUR/GBP D1. Vertical red line shows my entry long. Anything obvious that I missed on this chart?

Attachment
Great head & shoulders there, if that breaks downside, you want to be on it

Edit: forgot to mention, there are so many other charts that have excellent trades today, the EUR has general weakness across the board, did you look at other pairs before entry?
OPPORTUNITY IS NOWHERE
  • #9,427
  • Aug 8, 2011 9:46am Aug 8, 2011 9:46am
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
which platform are you looking for?
  • #9,428
  • Aug 8, 2011 9:49am Aug 8, 2011 9:49am
Quoting XxLessoxX
which platform are you looking for?
I am looking for any webbased platform or smart phone based platform.

Thank you.
  • #9,429
  • Aug 8, 2011 9:55am Aug 8, 2011 9:55am
Quoting jwscott
SL hit EUR/GBP D1. Vertical red line shows my entry long. Anything obvious that I missed on this chart?

Attachment
my chart was screaming sell, basic forex stuff i guess, price broke a strong support zone (last swing low on july 17 and 18) and had not fully retested that zone. secondly I would have waited for the price to close past this zone, but thats just me.
  • #9,430
  • Aug 8, 2011 9:57am Aug 8, 2011 9:57am
Quoting iarudi
I am looking for any webbased platform or smart phone based platform.

Thank you.
oanda has a java platform, just put on rsi 13, choose the color as black and add the two moving averages. havent found one on the smart phone or android yet.
  • #9,431
  • Aug 8, 2011 10:10am Aug 8, 2011 10:10am
Quoting iarudi
I am looking for any webbased platform or smart phone based platform.

Thank you.
you can use a vnc client to connect to the home pc or on android you can get apps like this from where you can open/close orders...i'm not sure about other platforms.

A couple minutes ago I closed my position on eur/usd with +100 pips.It was coming back from +120 when the stop loss kicked in.
  • #9,432
  • Aug 8, 2011 10:40am Aug 8, 2011 10:40am
Quoting jwscott
SL hit EUR/GBP D1. Vertical red line shows my entry long. Anything obvious that I missed on this chart?

Attachment
Hi, Jwscott.
If I traded this I would place stop loss under the min point of the last bar. If that distance more than I am ready to risk, then I will cut my lot size on half.
2) Usually, before price change direction, it tests the line of support again or at list come close about 24% fibo of last candle. That can be another chance for entry.
Good luck in your trading
Peter.
  • #9,433
  • Aug 8, 2011 10:43am Aug 8, 2011 10:43am
I am watching this one - currently no price action supporting the TDI so not an ideal entry - will watch lower timeframes for confirmation

Anyone else watching this one?
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud h4 8-8.gif Size: 18 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #9,434
  • Edited 11:38am Aug 8, 2011 11:17am | Edited 11:38am
Eelfranz said he doesn't trade H4 during this time of day. He'll trade H1 charts for the first three hours of the NY open. Unless I'm mistaken.

Last night was my first demo trade and I was amazed (or perhaps just lucky...time will tell)...If I had actually placed all 4 trades (which I would not financially be able to do) I would have hauled in over 260 pips...and one is still running! (against the close all H4 trades by 8 AM CST rule). Jesse Livermore said that he never closes a winning trade without a valid reason, and if it's going your way, why close it?
  • #9,435
  • Aug 8, 2011 11:32am Aug 8, 2011 11:32am
Quoting Britpip7
I am watching this one - currently no price action supporting the TDI so not an ideal entry - will watch lower timeframes for confirmation

Anyone else watching this one?
1 h.tf for confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: 081824.jpg Size: 413 KB
  • #9,436
  • Aug 8, 2011 11:40am Aug 8, 2011 11:40am
Quoting ontheflow
you can use a vnc client to connect to the home pc or on android you can get apps like this from where you can open/close orders...i'm not sure about other platforms.

A couple minutes ago I closed my position on eur/usd with +100 pips.It was coming back from +120 when the stop loss kicked in.
Thank you very much for the info and link for the app.
  • #9,437
  • Edited 11:52am Aug 8, 2011 11:41am | Edited 11:52am
Hi all,
so I had to share this with you guys since these are by far the best results I've ever had trading TMS. Though the news were helpful, I finaly managed to fulfil all the requests I put on the holder beside my screen, and do all by the book (ok almost all- again I got out after a pulback and then watched PA turns in positive direction). I have to thank also Cugir and Kanderpro for helping me out. So here it is.
Regards
Attached Image (click to enlarge)
Click to Enlarge Name: statement.JPG Size: 33 KB
  • #9,438
  • Aug 8, 2011 12:52pm Aug 8, 2011 12:52pm
Hello all.

Iv been following since the day this thread started and have been demoing with Alpari UK. I am going to demo the rest of August and if im profitable again as i have been the past 4 months, then i will go LIVE with £5000, the same amount i demo with. Massive Thank You to Mr eelfranz for this amazing system.

Happy trading all.

Paddy
  • #9,439
  • Aug 8, 2011 1:07pm Aug 8, 2011 1:07pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting ivanhoekg
Hi all,
so I had to share this with you guys since these are by far the best results I've ever had trading TMS. Though the news were helpful, I finaly managed to fulfil all the requests I put on the holder beside my screen, and do all by the book (ok almost all- again I got out after a pulback and then watched PA turns in positive direction). I have to thank also Cugir and Kanderpro for helping me out. So here it is.
Regards
Good job.
Looks good.
That lot size needs to be 5 full standard lots or higher and really make some serious money.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,440
  • Edited 2:31pm Aug 8, 2011 2:17pm | Edited 2:31pm
Quoting GT_Pips
Good job.
Looks good.
That lot size needs to be 5 full standard lots or higher and really make some serious money.
Well, it is 500eur/lot on demo, but what counts realy is number of pips and that is 176 in 5 hours.
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