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Trading Made Simple

  • #9,461
  • Aug 8, 2011 10:07pm Aug 8, 2011 10:07pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Keltset
I'm simply saying that Big E himself has said several times in this thread that it works on any TF, however his preference is the 4hr due to his time zone and the hours of his favorite trading session (london). If I understand correctly his repeated statements of "it works on any timeframe" is correct, then indeed it was designed to work with whichever timeframes you use. I agree that it's EASIER to make a profit on the 4h tf (atleast per my own experience) over using it on the lower time frames. This does not mean that the system itself with...
If you insist on using it on other times frames then the 4H then go ahead.
We have told you what the system works best on.
However if you choose to use it on other times frames then use at your own risk.
Dont complain later when the trades dont work out.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,462
  • Aug 9, 2011 12:58am Aug 9, 2011 12:58am
Quoting Fitness09
Trade the rules. It works!
Just took a long position on the 4H EG. Be back later!
Attachment
Out -24 pips
  • #9,463
  • Aug 9, 2011 2:11am Aug 9, 2011 2:11am
geosanuy, thanks for the tips.
  • #9,464
  • Aug 9, 2011 2:46am Aug 9, 2011 2:46am
One of my first few contracts. bought the gbp / usd H4. Any ideas.
Attached Image (click to enlarge)
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  • #9,465
  • Aug 9, 2011 2:50am Aug 9, 2011 2:50am
Quoting tranquilo
1 h.tf for confirmation

how do you get those possible 250 pips target what indicator to use ?
  • #9,466
  • Aug 9, 2011 3:18am Aug 9, 2011 3:18am
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?
How do you get those @240 pips target ?
  • #9,467
  • Aug 9, 2011 3:36am Aug 9, 2011 3:36am
Quoting Julia UA
One of my first few contracts. bought the gbp / usd H4. Any ideas.
I looked at that one but that pair seems to be in a ranging pattern. i think your stop is too tight. if you were to put the stop below the last swing you would need to break the high of the last swing to get a 1:1 risk:reward ratio happening.
  • #9,468
  • Aug 9, 2011 4:17am Aug 9, 2011 4:17am
Quoting GT_Pips
Well the major system rule broken is that your trading a weekly chart and the rules are for an H4 chart.
Incorrect. That is not a rule. It has been stated many times....by BigE himself that this can be traded on any time frame....there are no rules concerning this.
  • #9,469
  • Aug 9, 2011 5:12am Aug 9, 2011 5:12am
GBPUSD 1h short at 1.6329. TDI has a good angle, Stoch in agreement, first candle good momentum, crossed below the 5sma and closed below.
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  • #9,470
  • Aug 9, 2011 5:29am Aug 9, 2011 5:29am
Milton, watch out for indis. Seems a nice trade, though.
Quoting Milton
GBPUSD 1h short at 1.6329. TDI has a good angle, Stoch in agreement, first candle good momentum, crossed below the 5sma and closed below.
  • #9,471
  • Aug 9, 2011 5:35am Aug 9, 2011 5:35am
Quoting Milton
GBPUSD 1h short at 1.6329. TDI has a good angle, Stoch in agreement, first candle good momentum, crossed below the 5sma and closed below.
In for this trade too. Fits the criteria
  • #9,472
  • Aug 9, 2011 5:49am Aug 9, 2011 5:49am
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting dean
Incorrect. That is not a rule. It has been stated many times....by BigE himself that this can be traded on any time frame....there are no rules concerning this.
Lol, I`m done with saying and suggesting what time frame Big E has said he likes best.
I trade the 4H and will continue to do so.
If other people want to lawyer in other time frames, then its their money not mine.

I dont stress over having to wait for the 4H to setup or having to set a high stop loss because of the higher time frame either.
I sure not going to stress over what time frame someone else wants to use.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,473
  • Aug 9, 2011 6:04am Aug 9, 2011 6:04am
Short AU 900 EST

FS
  • #9,474
  • Aug 9, 2011 6:04am Aug 9, 2011 6:04am
Quoting ghepburn
In for this trade too. Fits the criteria
I am in this one as well.

FS
  • #9,475
  • Aug 9, 2011 6:15am Aug 9, 2011 6:15am
Quoting ghepburn
In for this trade too. Fits the criteria
Hi ghepburn and ForexSam. Where do you have your S/L for the gbpusd short trade?
Edit: Price has been + 19 pips and started retracing, so I have put my S/L to BE and will wait and see.
  • #9,476
  • Aug 9, 2011 6:17am Aug 9, 2011 6:17am
Quoting ForexSam
I am in this one as well.

FS
Also took this last hour, but moving slowly. Hopefully it picks up!
  • #9,477
  • Aug 9, 2011 6:26am Aug 9, 2011 6:26am
Quoting Fitness09
Also took this last hour, but moving slowly. Hopefully it picks up!
Hi Fitness09. TDI is flat now (=exit rule). I have S/L at BE. If it retraces, I'll have no loss.
edit: just stopped out: 0 pips. It's ok.
  • #9,478
  • Aug 9, 2011 6:28am Aug 9, 2011 6:28am
Attached Image (click to enlarge)
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Mine isn't flat just yet.
Quoting Milton
Hi Fitness09. TDI is flat now (=exit rule). I have S/L at BE. If it retraces, I'll have no loss.
  • #9,479
  • Aug 9, 2011 6:29am Aug 9, 2011 6:29am
Quoting Milton
Hi ghepburn and ForexSam. Where do you have your S/L for the gbpusd short trade?
Edit: Price has been + 19 pips and started retracing, so I have put my S/L to BE and will wait and see.
I normall set my S/L above the previous High or Low. However, I am always aware of the PA. GU, EU, AU are actually stagnant, if EU gets above the 1.4290 area, I may be closing.

FS
  • #9,480
  • Aug 9, 2011 6:35am Aug 9, 2011 6:35am
Quoting ForexSam
I normall set my S/L above the previous High or Low. However, I am always aware of the PA. GU, EU, AU are actually stagnant, if EU gets above the 1.4290 area, I may be closing.

FS
It's at the top of the trendline. My roll over
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