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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #9,581
  • Aug 10, 2011 1:08pm Aug 10, 2011 1:08pm
I haven't seen anyone posting stats yet, so I thought I should post the result of my trading since 01.08.2011. I have not been able to sit in front of my computer at all times since I live in Norway and have a regular dayjob during the London session. However, I'm able to bring my laptop with me at work so I can trade when I have a break. I log every trade I take, entry, drawdown, peaklevel and exit. I believe stats is really important, you get a picture of how your trading is doing. Below is my main stats:

Attached Image (click to enlarge)
Click to Enlarge Name: Stat_Main.jpg Size: 345 KB


I also transfer my stats to a equity curve and plots a 10 sma on the same curve. The idea is to have my equity curve plotting above the sma for healthy trading.

Attached Image (click to enlarge)
Click to Enlarge Name: Stat_Equty.jpg Size: 80 KB
  • #9,582
  • Aug 10, 2011 1:13pm Aug 10, 2011 1:13pm
I want to contact "eelfranz". I read on one of his thread that he knows a simple trading system. I am newbie to Forex and trying to learn from all ends and finding it very hard and want help. Can someone help me to contact "eelfranz" and I will really appreciate the favour. Thank you.
  • #9,583
  • Aug 10, 2011 1:20pm Aug 10, 2011 1:20pm
eelFranz I must have misplaced the invitation to the Party. Ha Ha

Looks like I really showed up late for the party on the G/U this morning. Then I missed not 1 but 2 chances to cash out for +70 Pips. DUH. All in all I am satisfied with 1/2 of the trade @ +20 Pips and the other 1/2 @ 25 Pips. All of this on a drawdown of only -8 Pips.

Thanks eelFranz for this great strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD 08-10-11.jpg Size: 179 KB
  • #9,584
  • Aug 10, 2011 1:23pm Aug 10, 2011 1:23pm
Quoting hyperspeeds3
FX-Trader,

So how do you determine when to exit? Do you use support and resistance lines? Pivot Points? Trend Lines? or Fibonacci method?

Or do you wait for TDI to pull back (Flatten out, check mark reversal, hooks) on lower time frames?
I've been following our good friend Big E from the original thread so I was first introduced to the CH method and like the TP points that CH uses so I generally place TP at 10-15 pips for lot one to bank the costs of doing business (My Rule) and then let lot 2 run for the next 1 to 2 sets of Big Numbers (CH Rule). Note if the Daily-ATR is 150 pips and we are 125 into the move it would be foolish for me to expect 50-100 more pips so I'd look for the remaining 25 as TP2. You need to judge where you are in the range. You also need to understand the basics of the swings, If you measure the swings and they show 40-60 pips then there is no reason to expect 100 on each leg. I prefer to set a target $ that I want to make and then let the trade work according to plan (let the machine run) . I don't have the time to check for a cross back to exit. Don't get me wrong you can check on the clock hours like Big E suggests for his 4hr trades but there's no reason not to do both. At the very least a good practice I do if the signal looks strong still is move the TP 2 way out there below a Supply/Demand level and ratchet up the stop to just below where I was planning to get out this way mentally I've locked in what I wanted and the rest is gravy. Sometimes I ratchet the stop to the swing points. The most important thing is have all parts of the plan ready before you enter. Do not change the rules while you are in the trade. If your plan was to ratchet then you ratchet if it was program all legs and walk-away you do that.

Every trade for me must have a plan (according to my master trade plan)
- Entry Price
- Initial Stop (typically at a swing point)
- Target 1 (10-15pips), Target 2 (usually 40-60 pips)
- Stop Mgmt Plan (trail the swings or 2 candles back H/L)

I have found when I have left one these out of the equation I usually lost because I was not prepared for all outcomes.
  • #9,585
  • Aug 10, 2011 1:33pm Aug 10, 2011 1:33pm
Quoting jcpen
so are we going to have a skype site, I'd love it.
It looks as if we have to pay to use Skype group sessions. I am trying out all the free webinar websites.

Vyew seems to be the best right now however if anyone could recommend a site that would be great.

Graham
  • #9,586
  • Aug 10, 2011 1:40pm Aug 10, 2011 1:40pm
Is anyone looking at this EUR/USD 1Hour? Or is this a bad time to look for a possible buy because:

US Market is about to close. Then Tokyo Session is in 5 hours, and we only trade the London Session.

Or would this be a good trade? What do you guys think? I expect there to be a retracement back to resistances lines at 1.4404, or daily pivot lines, but I'm too inexperienced to know which one.

Sorry for the bad pictures =(, the upper candlesticks are the resistance lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR USD 1HChart.jpg Size: 52 KB
Click to Enlarge Name: EURUSD 1H Chart TDI.jpg Size: 82 KB
  • #9,587
  • Edited 2:50pm Aug 10, 2011 1:42pm | Edited 2:50pm
Quoting ghepburn
It looks as if we have to pay to use Skype group sessions. I am trying out all the free webinar websites.

Vyew seems to be the best right now however if anyone could recommend a site that would be great.

Graham
Take a look at this, the chat also have chat history, nice for ppl that log on to room to see the chat history. Also the room is for up to 200 people. Vyew only have 10.

http://www.anymeeting.com/
  • #9,588
  • Aug 10, 2011 2:28pm Aug 10, 2011 2:28pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
I would post a link but this site practices commercial use products censorship.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,589
  • Aug 10, 2011 2:41pm Aug 10, 2011 2:41pm
Quoting ghepburn
It looks as if we have to pay to use Skype group sessions. I am trying out all the free webinar websites.

Vyew seems to be the best right now however if anyone could recommend a site that would be great.

Graham

Go into skype contacts and select create a new group, easy!!!
  • #9,590
  • Aug 10, 2011 2:41pm Aug 10, 2011 2:41pm
Quoting Callisto
Yes, click on the the darn paperclip, it is buried in there somewhere!!!

Also, anyone using these bars or any form of HA candles, you really should watch the candles when they rollover on the hour just to see how they actually plot, have the bid / ask line on the chart to see where price really is, then see the new candle form, might change your mind about them, at least that will explain to you how they hypnotize you, what is wrong with using regular candles anyway, the only reason Dean Malone invented these was to keep...
Thanks Callisto
Your point is well taken. I do have the Bid Ask line on the chart and I have a white OHLC bar under the APB chart so I can see the entry and close most of the time.
However to see that info all the time I would really like to have the body of the APB bars at a 2 width.
I have tried to change the width myself in the code, but it does not change anything.
It seems that the Indicator draws its info from some other source and not just the code contained in the attached MQ4 file.

Can anyone out there help me with this please?
Thanks
Attached File(s)
File Type: mq4 Synergy_APB.mq4   3 KB | 498 downloads
  • #9,591
  • Aug 10, 2011 2:42pm Aug 10, 2011 2:42pm
Quoting GT_Pips
I would post a link but this site practices commercial use products censorship.

PM it to whom ever wishes to be the organizer
  • #9,592
  • Aug 10, 2011 2:47pm Aug 10, 2011 2:47pm
Quoting jcpen
Go into skype contacts and select create a new group, easy!!!
OK Could people give me their Skyoe names then and I'll give this a bash.

Graham
  • #9,593
  • Aug 10, 2011 2:47pm Aug 10, 2011 2:47pm
I've created a skype group called Trading Made Simple but I need skype names for those interested.
  • #9,594
  • Aug 10, 2011 2:49pm Aug 10, 2011 2:49pm
Great minds and all!!
  • #9,595
  • Aug 10, 2011 2:49pm Aug 10, 2011 2:49pm
Quoting jcpen
I've created a skype group called Trading Made Simple but I need skype names for those interested.
ghep44
  • #9,596
  • Aug 10, 2011 2:55pm Aug 10, 2011 2:55pm
Quoting jcpen
I've created a skype group called Trading Made Simple but I need skype names for those interested.
please add me: lostfx
"All good things come to those who wait..."
  • #9,597
  • Aug 10, 2011 2:57pm Aug 10, 2011 2:57pm
You must accept my invitation and I can add you to the group. BTW invitation will say Penny Allen.
  • #9,598
  • Aug 10, 2011 3:08pm Aug 10, 2011 3:08pm
Quoting jcpen
I've created a skype group called Trading Made Simple but I need skype names for those interested.

Could you add philatbeach please?
  • #9,599
  • Aug 10, 2011 3:18pm Aug 10, 2011 3:18pm
Quoting jcpen
You must accept my invitation and I can add you to the group. BTW invitation will say Penny Allen.
======================================================
I am a newbie to Forex Market and trying to learn a bit at a time. But I need more help. I read the thread put out by "eelfranz" called Trading
make Simple which got my attention. So how can I contact him. Please help and your help is much appreciated. Thanks
  • #9,600
  • Aug 10, 2011 3:38pm Aug 10, 2011 3:38pm
I searched Trading Made Simple but didn't find it. Please add

handy148
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