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Trading Made Simple

  • #9,521
  • Aug 9, 2011 10:26pm Aug 9, 2011 10:26pm
Quoting GT_Pips
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.
No stress intended....I was merely correcting you.....timeframe is not a rule.
  • #9,522
  • Aug 9, 2011 10:33pm Aug 9, 2011 10:33pm
Quoting finnbjurvoll
Just wanted to show any new traders how important it is to draw lines and channels on your charts. This can be really helpfull.
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I think you might find BigE disagree with that
  • #9,523
  • Aug 9, 2011 11:46pm Aug 9, 2011 11:46pm
Quoting dean
I think you might find BigE disagree with that
Right, we know they can be useful once you get some trading time under your belt and are able to draw and use them acceptably; but this is Trading Made Easy, I would say it's best not to overcomplicate matters for the sake of new traders just starting out.
  • #9,524
  • Aug 10, 2011 12:09am Aug 10, 2011 12:09am
Quoting dcginc
Here are a couple of nice, short duration GBP trades that closed if profit. With the drop in the Dow and the pending FOMC news, I adjusted my position size to just one lot and reduced my stop loss and profit target to 1 x ATR instead of 2 x ATR.
Good to see you posting again. Always look forward to reading them.

Reducing position size and ATR targets and stops is the way to go in turbulent markets.

Best wishes
  • #9,525
  • Aug 10, 2011 12:12am Aug 10, 2011 12:12am
Quoting finnbjurvoll
just wanted to show any new traders how important it is to draw lines and channels on your charts. This can be really helpfull.
Attachment

i believe this one of the fundamental thing every trader shd learn before trying any system, cos price will always react to formal support and resistance
  • #9,526
  • Aug 10, 2011 12:27am Aug 10, 2011 12:27am
I am extremely new trader, still just using demo account at the moment to get a feel for things. Can't thank you enough for posting this, been much easier finding these signals in the AUDUSD / EURUSD charts I've been looking at.
  • #9,527
  • Aug 10, 2011 12:39am Aug 10, 2011 12:39am
Just entered long A/U on D1 @ 1.03374

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  • #9,528
  • Aug 10, 2011 1:15am Aug 10, 2011 1:15am
Quoting jwscott
Just entered long A/U on D1 @ 1.03374

Attachment
Placed a pending buy on the H4 Fractal which will mean that the TDI will bounce for it to execute - using the Day for SL and TP targets though. Not liking the look of the Stochastics at this time though on H4
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"To live with Passion, it takes Courage and Grace to survive"
  • #9,529
  • Aug 10, 2011 1:53am Aug 10, 2011 1:53am
I would like to express my thanks to BigE and the other (slightly less expert) TMS experts. I have been following this thread since early July and my trading results to now have been mediocre at best. However I re-learned the rules recently and changed to 4 hr charts from the lower TFs. This has made a dramatic difference so far, I'm up 420 pips in the past week (on a micro account, not demo). I know that it's too early to judge if I will have consistent success but I'm very optimistic thanks to this system.
  • #9,530
  • Aug 10, 2011 2:17am Aug 10, 2011 2:17am
Firstly, awesome system and would like to thank everyone for their contributions.

Secondly, I am tossing up whether or not to trade this system over 1 time frame or 4. At the moment I'm leading towards 1 because I can then monitor whilst I'm in front of the computer from the start of the NY session to say 2 hours into the London session. Just wondering how people manage the 4 hour time frame. Do you simply set your stop losses and targets and forget? For me if I was doing it I think I'd have to do that as I need sleep! (Living in Australia).
  • #9,531
  • Aug 10, 2011 2:41am Aug 10, 2011 2:41am
Quoting makybe05
Firstly, awesome system and would like to thank everyone for their contributions.

Secondly, I am tossing up whether or not to trade this system over 1 time frame or 4. At the moment I'm leading towards 1 because I can then monitor whilst I'm in front of the computer from the start of the NY session to say 2 hours into the London session. Just wondering how people manage the 4 hour time frame. Do you simply set your stop losses and targets and forget? For me if I was doing it I think I'd have to do that as I need sleep! (Living in Australia).
If you live in Aus ( as I do) the London session opens around 5pm which is the best session to trade...BigE prefers to trade the 1 hour chart during the London session. Chart selection needs to be your decision.
  • #9,532
  • Aug 10, 2011 3:14am Aug 10, 2011 3:14am
Thanks for the help Dean. I think it suits me better to go with the 1 hr time chart.

Just wondering if there is anyway that there can be a chat room or something of that nature set up where people could discuss trades using this method? I'd love to bounce some ideas of people and learn as much as possible.
  • #9,533
  • Aug 10, 2011 3:50am Aug 10, 2011 3:50am
Quoting makybe05
Thanks for the help Dean. I think it suits me better to go with the 1 hr time chart.

Just wondering if there is anyway that there can be a chat room or something of that nature set up where people could discuss trades using this method? I'd love to bounce some ideas of people and learn as much as possible.
I think a few people have set up a skype room...ask on the forum.
  • #9,534
  • Aug 10, 2011 4:06am Aug 10, 2011 4:06am
Quoting makybe05
Thanks for the help Dean. I think it suits me better to go with the 1 hr time chart.

Just wondering if there is anyway that there can be a chat room or something of that nature set up where people could discuss trades using this method? I'd love to bounce some ideas of people and learn as much as possible.
There was chat on here yesterday of setting up a webinar so we can communicate easier with each other.

Graham
  • #9,535
  • Aug 10, 2011 4:10am Aug 10, 2011 4:10am
Quoting dean
I think a few people have set up a skype room...ask on the forum.
Sorry for being so ignorant, but where do I ask about the skype room on the forum?
  • #9,536
  • Aug 10, 2011 5:14am Aug 10, 2011 5:14am
A skype room would be great, I need help drawing trendlines... they are really important for TP in this system.
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  • #9,537
  • Aug 10, 2011 5:47am Aug 10, 2011 5:47am
Anyone willing to set up a skype room?
  • #9,538
  • Aug 10, 2011 6:43am Aug 10, 2011 6:43am
Quoting makybe05
Anyone willing to set up a skype room?
I'm at work at the moment but will be home in about 4 hours. Will set it up then unless somebody can beat me to it!

Graham
  • #9,539
  • Aug 10, 2011 6:44am Aug 10, 2011 6:44am
Anyone had some successful moves of late on either 1 hr or 4 hr time frame?
  • #9,540
  • Aug 10, 2011 6:45am Aug 10, 2011 6:45am
This system is nice in profits But I really find it difficult to enter or not. I am not sure which time frame (I think 1-4-or 1 day)? Secondly sometimes it looks flat but falling continues. To sum up i am confused about how to enter :S Right now if in 3 time frames if one is sharply crossed with red i enter and wait until it goes flat or hooked.
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