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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

  • #9,501
  • Aug 9, 2011 10:17am Aug 9, 2011 10:17am
Quoting Fitness09
Just closed my GU short for +125. Time to go play with my daughter for a while. Good luck everyone
Fabulous!!! Enjoy the day!!
  • #9,502
  • Aug 9, 2011 10:38am Aug 9, 2011 10:38am
Quoting hmpargi
How do you get those @240 pips target ?
If you are refering to the ATR number top left of the chart first determine what you are looking for from your trades.

the 200% ATR settings were from djcinc's trading style (go read his posts) but this needs to be deployed with a full understanding money management / risk management.

the indicator is in the attachment section for this thread - called ATR Pips UL Corner and the settings can be modified to match your trading plan. All it does is add a multiplier to the current ATR for the timeframe you are watching.
"To live with Passion, it takes Courage and Grace to survive"
  • #9,503
  • Aug 9, 2011 11:53am Aug 9, 2011 11:53am
I was telling a trading friend of my about this thread and he shows me two videos and asks me if this is what I am telling him about.

I watched the videos a few times over because they were so insightful on how to use the TDI to catch even more pips than anything I'm seen discussed in this thread.

Th videos are by the master and creator of the TDI, Dean Malone.

A big thank you to Dean.

Here links to the videos:

http://www.compassfx.com/video/flash/80311/80311.html

http://www.compassfx.com/video/flash/80411/80411.html
  • #9,504
  • Aug 9, 2011 11:55am Aug 9, 2011 11:55am
Hi,
just wandering does anybody has an example of a trading journal which has been used for TMS trading?
All have a goo rest of the day !!!
  • #9,505
  • Aug 9, 2011 12:14pm Aug 9, 2011 12:14pm
Just FYI,

FS
  • #9,506
  • Aug 9, 2011 12:18pm Aug 9, 2011 12:18pm
Quoting 4th_of_July
I was telling a trading friend of my about this thread and he shows me two videos and asks me if this is what I am telling him about.

I watched the videos a few times over because they were so insightful on how to use the TDI to catch even more pips than anything I'm seen discussed in this thread.

Th videos are by the master and creator of the TDI, Dean Malone.

A big thank you to Dean.

Here links to the videos:

http://www.compassfx.com/video/flash/80311/80311.html

http://www.compassfx.com/video/flash/80411/80411.html...
the funny thing is, in his live trading room, he only scalps for 2 or 3 pips, hardly uses his method at all, runs his stops way to tight, one day he got stopped out trying to short, got stopped out, did it again, got all flustered, then quit for the day, about an hour later that pair dropped 100 pips
OPPORTUNITY IS NOWHERE
  • #9,507
  • Aug 9, 2011 12:46pm Aug 9, 2011 12:46pm
Quoting Julia UA
Close the contract, buy h4 gbp/usd -30 p, not enough experience.
Julia:
I also had a loss on this, entry on 4H chart seemed valid, but if you had also looked at the 1H chart you would have seen the impending trouble as it was starting to range, then it became an excellent short which as you can read on the thread these guys took, from what I read some got out too early but it had +100 pip potential.
Also remember the system is not 100% winners.
Next time check !h TF for agreement, in doubt, wait and let it develop.
  • #9,508
  • Aug 9, 2011 1:23pm Aug 9, 2011 1:23pm
Quoting geosanuy
Julia:
I also had a loss on this, entry on 4H chart seemed valid, but if you had also looked at the 1H chart you would have seen the impending trouble as it was starting to range, then it became an excellent short which as you can read on the thread these guys took, from what I read some got out too early but it had +100 pip potential.
Also remember the system is not 100% winners.
Next time check !h TF for agreement, in doubt, wait and let it develop.
Thanks geosanuy, I ll train!
  • #9,509
  • Aug 9, 2011 2:12pm Aug 9, 2011 2:12pm
I just wanted to add this, and hopefully it helps some new traders. If you are using this method on H1 or H4 or greater, and you are just starting to demo. Try starting with $500 and trade .01 (1000) lots. Pick only the best crosses, and only trade 2-3 positions at one time.

Using this MM, your trade could go against you 100 pips before you have reached the magic 2% loss. Most new traders risk far too much on their trades. Use this method and see if you can grow your account 10% this month. I think that you will find this goal is very simple. Start there, grow trust in your trading, and you can increase your lots after you have learned to filter your trades better.

FS
  • #9,510
  • Aug 9, 2011 2:24pm Aug 9, 2011 2:24pm
Quoting ForexSam
I just wanted to add this, and hopefully it helps some new traders. If you are using this method on H1 or H4 or greater, and you are just starting to demo. Try starting with $500 and trade .01 (1000) lots. Pick only the best crosses, and only trade 2-3 positions at one time.



FS
I wish I could set my demo account up to a certain amount. It won't let me start with anything but 10,000
  • #9,511
  • Aug 9, 2011 2:35pm Aug 9, 2011 2:35pm
Just wanted to show any new traders how important it is to draw lines and channels on your charts. This can be really helpfull.
Attached Image (click to enlarge)
Click to Enlarge Name: 09.08-GBPUSD.jpg Size: 227 KB
  • #9,512
  • Aug 9, 2011 3:49pm Aug 9, 2011 3:49pm
Hi finnbjurvoll,
I find your observation very pertinent, to keep in mind at all times when trading, also your chart looks very neat could you please share the indicator with arrows on the main chart?
Thank-you
  • #9,513
  • Aug 9, 2011 4:05pm Aug 9, 2011 4:05pm
Excellent advise, i have been doing exactly the same with my real account, started with $500 and use only .01 lots, have been averaging 5% return, but learning from my mistakes as i review my losses i almost always find where i missed up by not following the rules, if not for those lapses i would easily be above 10%, i use forex.com they have microlots which is really the only way to go without going above the 2%.

Quoting ForexSam
I just wanted to add this, and hopefully it helps some new traders. If you are using this method on H1 or H4 or greater, and you are just starting to demo. Try starting with $500 and trade .01 (1000) lots. Pick only the best crosses, and only trade 2-3 positions at one time.

Using this MM, your trade could go against you 100 pips before you have reached the magic 2% loss. Most new traders risk far too much on their trades. Use this method and see if you can grow your account 10% this month. I think that you will find this goal is very simple....
  • #9,514
  • Aug 9, 2011 4:07pm Aug 9, 2011 4:07pm
Quoting eelfranz
All I use is the TDI and Stochs for confirmation.

I hope many of you made a killing on the recent E/U moves... Great news to move the market... I bought a bigger wheel barrow...
Hi Eelfranz:

I've downloaded your 2 indicators, TDI and Stochs, but have been unable to get them to come up in my MT4 platform. I'm using FXDD.

If you or anyone else has any suggestions as to how to do this, I'd appreciate any help. Please hurry, I may not have any hair left!!!!

Thanks

Ivan
  • #9,515
  • Aug 9, 2011 4:19pm Aug 9, 2011 4:19pm
Quoting FX-Trader
Hi Milton - I did not take this trade but went back to evaluate it... did you enter at about 8am est when the previous candle closed. judging the FF posting times and your price it would seem so...

One observation that may help future entries is if indeed you entered at 8am est you could save yourself some aggrivation by waiting to enter when the lower TF 5m or 15m has a TDI down cross as well in concert with the Signal TF in this case the 1 Hr down cross. Using this method would have got you in about 50min later and may have kept you in the trade...
FXTrader - I have a question regarding checking out lower TFs; if I see a setup on the 4H should I drop down to the 1H for confirmation or go even lower? My 7am cst 4H tf shows 2 or 3 crosses but sometimes they go nowhere and I am out with a small loss or profit.

Any insight would be greatly aprreciated. p.
  • #9,516
  • Aug 9, 2011 4:58pm Aug 9, 2011 4:58pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Nemeti
Hi Eelfranz:

I've downloaded your 2 indicators, TDI and Stochs, but have been unable to get them to come up in my MT4 platform. I'm using FXDD.

If you or anyone else has any suggestions as to how to do this, I'd appreciate any help. Please hurry, I may not have any hair left!!!!

Thanks

Ivan
Did you close the mt4 platform and then install the indicators in the correct folder/s?
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,517
  • Aug 9, 2011 5:02pm Aug 9, 2011 5:02pm
Quoting rezia1947
Hi finnbjurvoll,
I find your observation very pertinent, to keep in mind at all times when trading, also your chart looks very neat could you please share the indicator with arrows on the main chart?
Thank-you
Hi reiza1947
Here you go, my set of TDI indicators. Please be aware that the indicators are not for MetaTrader but for NinjaTrader 7

regards
Attached File(s)
File Type: zip Jurbol_TDI_Indicators_NinjaTrader_7.zip   20 KB | 633 downloads
  • #9,518
  • Aug 9, 2011 5:25pm Aug 9, 2011 5:25pm
Looking at the EURUSD breaking out of the downsloping channel to the upside and making a HL. Can be a nice spot to look for a short trade if the price stalls at the resistance area. When the price hits the Res the TDI will reach the overbought area at the 68 line. Anyone else have any thoughts about this potential setup?

Attached Image (click to enlarge)
Click to Enlarge Name: 10.08-EURUSD.jpg Size: 105 KB
  • #9,519
  • Aug 9, 2011 5:46pm Aug 9, 2011 5:46pm
Quoting Julia UA
Close the contract, buy h4 gbp/usd -30 p, not enough experience.
before you entry be sure you have look other TF for confirmation so you can take entry
  • #9,520
  • Aug 9, 2011 5:55pm Aug 9, 2011 5:55pm
I use MT4 and there are many standard and custom indi's for channels as you can see on my H1 chart.

http://i56.tinypic.com/2yvl8g5.jpg
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