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Trading Made Simple

  • #9,921
  • Aug 14, 2011 11:36pm Aug 14, 2011 11:36pm
Quoting dean
what do we think guys?? worth a look?? Seems to have stalled at previous large swing high. Stoch and tdi coming out of great overbought areas and plenty of room to move to last swing low (not saying it will get there just saying plenty of room. COmments welcome.
im not sure about that one, personally i would like to see a nice run down then i would enter after a retrace (lower high)
  • #9,922
  • Aug 14, 2011 11:45pm Aug 14, 2011 11:45pm
Quoting rocky
Here is a challenge for all who say they are making money or Pips with this system. Post your trades as soon as you make them, including entry, SL,TP. Not hours later or when they might be in profit, that's called "Cherry Picking" this will keep everyone honest...

[color=blue]I beleive Eelfranz has good intentions in wanting to help others, but I do not believe this system works, There is a simple way for him and all others who claim they are making money to [b]prove to all other followers on this thread that...
Sorry to take issue with you on this, but what is your basis for your statement " I do not believe this system works"

Try running some backtesting on your favourite pair / timeframe and then come back with something constuctive - then run a demo account and see how it works.

None of us on this thread need to justify the success we are claiming to newcomers. The charts we post are all part of the learning process for everyone, which is why we discuss entry points, etc. This is not a get rich quick approach and is not 100% successful, but then nothing is in forex, nor is it a pip waving forum. We just strive to our trading techniques, improve our trading accuracy and improve our overall account balances.

As I said - sorry to be blunt, but starting out with an attack with no basis does tend to encourage this kind of response - there is of course, a much shorter and less courteous response!
"To live with Passion, it takes Courage and Grace to survive"
  • #9,923
  • Aug 14, 2011 11:54pm Aug 14, 2011 11:54pm
Have you thought of using this strategy for XAUGOLD only buy?
  • #9,924
  • Aug 14, 2011 11:59pm Aug 14, 2011 11:59pm
Quoting Britpip7
Sorry to take issue with you on this, but what is your basis for your statement " I do not believe this system works"

Try running some backtesting on your favourite pair / timeframe and then come back with something constuctive - then run a demo account and see how it works.

None of us on this thread need to justify the success we are claiming to newcomers. The charts we post are all part of the learning process for everyone, which is why we discuss entry points, etc. This is not a get rich quick approach and is...
Does the alternative response start with an F and ends with a U? Lol
  • #9,925
  • Aug 15, 2011 12:09am Aug 15, 2011 12:09am
Quoting 33drifter
im not sure about that one, personally i would like to see a nice run down then i would enter after a retrace (lower high)
yep stayed out of it luckily....candles too small. market is flat at the moment.
  • #9,926
  • Aug 15, 2011 12:12am Aug 15, 2011 12:12am
Quoting Fitness09
Does the alternative response start with an F and ends with a U? Lol
There is every possibility that that was an option

Very perceptive
"To live with Passion, it takes Courage and Grace to survive"
  • #9,927
  • Aug 15, 2011 12:19am Aug 15, 2011 12:19am
Any new guys or people unsure of what a ranging market is....here you go...stay away from this.
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  • #9,928
  • Aug 15, 2011 12:45am Aug 15, 2011 12:45am
Quoting dean
Any new guys or people unsure of what a ranging market is....here you go...stay away from this.

Good point dean,

also take note of the TDI during the ranging period (no space between red and green) compared to the volitile and profitable periods (lots of space)
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  • #9,929
  • Aug 15, 2011 1:04am Aug 15, 2011 1:04am
I watch AU, NZ/U EU, GU, UC, U/CHF and UJ
I cant see anything tradeable on the hourly or 4 hour charrts....can anyone see anything worth a look??
  • #9,930
  • Aug 15, 2011 1:06am Aug 15, 2011 1:06am
Im watching this one - new candle in 3 hours
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  • #9,931
  • Aug 15, 2011 1:09am Aug 15, 2011 1:09am
Quoting dean
I watch AU, NZ/U EU, GU, UC, U/CHF and UJ
I cant see anything tradeable on the hourly or 4 hour charrts....can anyone see anything worth a look??
Not a sausage Dean...could it be the calm before the storm or is this the summer holiday all the Northerners need ?? (Like the Russell Crowe quote BTW.)
  • #9,932
  • Aug 15, 2011 1:14am Aug 15, 2011 1:14am
Quoting 33drifter
Im watching this one - new candle in 3 hours
hourly has just turned upwards. Seems its risk back on today.
  • #9,933
  • Aug 15, 2011 1:49am Aug 15, 2011 1:49am
Quoting dean
so bearing this in mind....and I think callisto touched on this....why is it not a better idea to use narmal candles for entry and switch to HA for the remainder of the trade?? what would be the negatives of this??
Hi Dean,

Greetings from WA. What I find useful is to set the chart type to bar charts, then on 'Properties' (click on F8), set the bar colours as you wish (eg bar up - yellow, bar down - some shade of red). This then shows you whether the HA bar you are looking at is closing higher or lower than its opening.
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  • #9,934
  • Aug 15, 2011 1:53am Aug 15, 2011 1:53am
Im in this allready, allthough a little late. buy 0.8797

Quoting 33drifter
Im watching this one - new candle in 3 hours
  • #9,935
  • Aug 15, 2011 1:55am Aug 15, 2011 1:55am
I see you guys talking about whats going on out there. I am currently watching Eur/Usd, Usd/Chf, Aud/Usd and Gbp/Usd.. on the H4 charts but don't really see much going on either.. it's 10:38pm my time in Alaska..1:40am central, 2:40am New York. 7:40am London.

Do you guys think that being that French and Italy are both on bank holiday will effect the markets much?

Nice posts by tons of people btw.. enjoying what i am seeing here.. trying it myself. I made some good trades end of last week for about 60 something pips.. made a few early in the week before trying this method.. but so far so good.

It's really nice to see people.. I think it was Snapcracklepips that posted some good stuff.. both in his views as far as doing this for a living.. which is what I am trying to do myself.. key word being, trying, and also his take on this system and what it's done for him.

I have done nothing but loose money.. although I can say that I have done better this last go around than previous. But.. I look at it like others have already stated, you're paying for your education by loosing in the markets.. as long as you are learning something in the process.

My main issues has been second guessing myself I think.. getting in too late.. getting out too soon..that type of shit.. also trying to trade during reports.. been stopped out too many times doing that.

Anywho.. it's nice to find a thread this long that has this many people with success stories. Talking about live traders here.. not that trading a demo isn't a good idea.. depending on why you,re doing it.. but regardless, nice thread.

Trying my best to follow the original system here, trading off the H4 and see how it goes.

Although earlier I was in Aud/Usd off the H1 chart on a bounce going up but it just wouldn't do it and I was in pips at one point for like 6 I believe.. then it went against me about 5 but when it came back.. I got out with like 3 pips.... now I'm waiting on the Midnight H4 candle to see what happens.

Anyone else following these pair(s).. if so, what do you think?

Good pip'n


Donovan
  • #9,936
  • Aug 15, 2011 2:17am Aug 15, 2011 2:17am
Sorry dean and 33drifter, I took the gbpusd 1h short, because price broke after the trading range with good momentum below the 5sma and this first red candle has again this high % winner shape. AND for sure it was a TDI setup. Entry at 1.6264.
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  • #9,937
  • Aug 15, 2011 2:35am Aug 15, 2011 2:35am
Quoting FourEcks
Hi Dean,

Greetings from WA. What I find useful is to set the chart type to bar charts, then on 'Properties' (click on F8), set the bar colours as you wish (eg bar up - yellow, bar down - some shade of red). This then shows you whether the HA bar you are looking at is closing higher or lower than its opening.
thanks for that
  • #9,938
  • Aug 15, 2011 2:43am Aug 15, 2011 2:43am
Quoting dean
what do we think guys?? worth a look?? Seems to have stalled at previous large swing high. Stoch and tdi coming out of great overbought areas and plenty of room to move to last swing low (not saying it will get there just saying plenty of room. COmments welcome.

Ya.. watching this one as well Dean!
  • #9,939
  • Aug 15, 2011 2:44am Aug 15, 2011 2:44am
Quoting PipTheTrade
Thanks for the reply Milton,

However.. I don't think you understood what my question was. I said, that if you take a trade BASED on the RULES... and you are NOT at your pc.. as in what Big E does.. he sets his trade and goes to bed... so, YOU'RE not there to see if the TDI goes flat or hooks or anything else.. only to find four hours later that the price has moved against you and hit your stop.. again.. because you were not there to monitor it?!

But, my true question is.. since all the Eur crap that's been happening with Greece and everyone...
My answer was clear: You will have a winning trade or a losing trade BY THE RULES. Losing is ok. Profitable traders do lose.
And all this "Eur and USA crap" didn't effect my trades.
  • #9,940
  • Aug 15, 2011 3:10am Aug 15, 2011 3:10am
Quoting Milton
Sorry dean and 33drifter, I took the gbpusd 1h short, because price broke after the trading range with good momentum below the 5sma and this first red candle has again this high % winner shape. AND for sure it was a TDI setup. Entry at 1.6264.
Sorry for being a bit dumb here but what constitutes a high % candle shape with HA's. I am assuming that it's the same as normal candle stick am i right?
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