Trading Made Simple | Page 538 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #10,741
  • Aug 29, 2011 6:57pm Aug 29, 2011 6:57pm
I Have been following your tread for about 2 months now, first post on ff,
have been trading forex for about three yrs, won some lost more,have read lots of treads here on ff, think this is the best. Thanks for Sharing your Method with us.
  • #10,742
  • Aug 29, 2011 7:14pm Aug 29, 2011 7:14pm
Quoting 4xbillions
I'm not saying this method doesn't work, because it does....without a doubt. Just hate seeing charts from a month ago saying, "here's where you should have entered". I can trade old charts like you can't even imagine. I personally like it better when people show today's charts and say "this is my chart, and this is where I entered"... just saying......
As Eelfranz pointed out - this was meant to be a "Training Chart" and reviewed as part of the overall education process.

There is great value to be had from reviewing the patterns and synchronization of the TDI actions versus APB and PA but as usual it is down to each trader to run their risk analysis and TF analysis along with fine tuning their entry points. Not all entries / TDI crosses are created equal and there are losses which are part of any trading methodology

Several of us post live charts to show entry points and always welcome critique and comments / questions (see previous posts about folks posting questions without reading treads).
"To live with Passion, it takes Courage and Grace to survive"
  • #10,743
  • Aug 29, 2011 7:23pm Aug 29, 2011 7:23pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting 4xbillions
I'm not saying this method doesn't work, because it does....without a doubt. Just hate seeing charts from a month ago saying, "here's where you should have entered". I can trade old charts like you can't even imagine. I personally like it better when people show today's charts and say "this is my chart, and this is where I entered"... just saying......
Always people out there that want to be given the fish, instead of learning how to fish themselves.
He who wanders, never gets lost. No good deed goes unpunished.
  • #10,744
  • Aug 29, 2011 7:50pm Aug 29, 2011 7:50pm
Quoting eelfranz
E-U Entry training Chart - Examples
I thought we were supposed to exit trades when the tdi went flat, or hooked? If that's the case, the amount of pips you are claiming in this post are misleading at best! With all due respect, if that chart is a training chart, it seems prudent to disregard the tdi and trade the stochastics instead.
  • #10,745
  • Aug 29, 2011 7:58pm Aug 29, 2011 7:58pm
Quoting GT_Pips
Always people out there that want to be given the fish, instead of learning how to fish themselves.
too true

until a trade goes wrong, then they'll hold the person who advised the trade responsible for making them blow their account with bad MM
  • #10,746
  • Aug 29, 2011 8:08pm Aug 29, 2011 8:08pm
Quoting GT_Pips
Always people out there that want to be given the fish, instead of learning how to fish themselves.

GT_Pips - People like yourself amuse me. As far as I know, in the past 40 posts that you've written, you have never posted anything useful, yet you're the first one to try to tear someone apart when they utter something that doesn't praise this method 100%. You obviously like to think that you are better than others. What's the first thing I said in my post? I think I said that this method DOES work.....But, it's easy to trade in the past, not so easy when you trade from the right side of the chart........

If you look at the chart that E posted, you will see 2 particular long trades:
The first is right before the text "61 pips"
The Stoch and TDI are showing long, but price is NOT about the MA, yet it is shown as a trade.

The second is the long right before the text "261 pips"
The Stoch and TDI are showing long, but price is again not above the MA.

Why do I point these 2 trades out? If you look at/about the 22/23, you will notice that the stochastics are above 80 and pointing down, as well as the TDI is green below red and both are above 65. Why wasn't this trade taken? If fits just as well as the 2 longs described above.

Like I said, it's easy to trade in the past............

If you can't deal with people pointing out the obvious, maybe you should not comment at all.

I am not here to tear people down. It would be great to hear why that trade wasn't taken, wouldn't it?
  • #10,747
  • Aug 29, 2011 9:11pm Aug 29, 2011 9:11pm
Quoting tenthman
I thought we were supposed to exit trades when the tdi went flat, or hooked? If that's the case, the amount of pips you are claiming in this post are misleading at best! With all due respect, if that chart is a training chart, it seems prudent to disregard the tdi and trade the stochastics instead.
You have a point. I'm new to trading this method following the rules of entry and exit as close as possible which is "Exit your trade when the TDI goes flat, starts to hook over or makes a check mark reversal". I have been banking decent pips and am pleased that I found this thread, but unless we're holding positions through the exit signals, I would rather know what the trade truly did (like +50) if the system's exit was taken per the rules posted at the beginning of the thread. Maybe it wouldn't be as impressive, but damn, give me 100+ pips a week and I'm yours.
  • #10,748
  • Aug 29, 2011 9:16pm Aug 29, 2011 9:16pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting 4xbillions
GT_Pips - People like yourself amuse me. As far as I know, in the past 40 posts that you've written, you have never posted anything useful, yet you're the first one to try to tear someone apart when they utter something that doesn't praise this method 100%. You obviously like to think that you are better than others. What's the first thing I said in my post? I think I said that this method DOES work.....But, it's easy to trade in the past, not so easy when you trade from the right side of the chart........

If you look at the chart that E posted,...
First thing first. I will continue to comment whenever i feel like it.
Second thing, is if you think all my posts is useless, then my trading account thanks you for your money.

When i see "lazy" being used, i will call you out on it.
If you feel I`m tearing you down, because I point out that your being lazy.
Then tough luck.

As many other traders have said in this thread.
BigE has provided a system to trade, it is up to you to decide which trades you want to take and its up to you to modify it slightly to fit you personally and style.
Perhaps you need to read these post.#10733 , #10707 , #10697 .
I also have a few post of how i trade the system.
But since you think my post are useless, i wont bother you with the useless links.

Just because BigE might have stayed in a trade longer then you would have, that does not mean something is wrong with the system. It just means he decided to wait a little longer or enter a little eailier.
The system isnt a robot that has no choice but to follow a set of programmed code.
Use your brain and read the charts and PA.
If you dont want to look back at old charts and learn the very best setup ups, then you doom to be lost and and a loser of your money.
He who wanders, never gets lost. No good deed goes unpunished.
  • #10,749
  • Edited 9:19pm Aug 29, 2011 9:18pm | Edited 9:19pm
Quoting 4xbillions
GT_Pips - People like yourself amuse me. As far as I know, in the past 40 posts that you've written, you have never posted anything useful, yet you're the first one to try to tear someone apart when they utter something that doesn't praise this method 100%. You obviously like to think that you are better than others. What's the first thing I said in my post? I think I said that this method DOES work.....But, it's easy to trade in the past, not so easy when you trade from the right side of the chart........

If you look at the chart that E posted,...
i got what you were saying about past charts, but to be critical of the trades "taken" you should first review the rules of the system....they're on post one.
EMa is not really used by the thread starter, and there is no reason not to take trades with indicators that are in OB or OS territory, also not part of the rules, more of a preference.
  • #10,750
  • Aug 29, 2011 10:11pm Aug 29, 2011 10:11pm
Quoting eelfranz
E-U Entry training Chart - Examples
I too would like to comment on the last training chart posted. As I read it...
Trade #1 - TDI hooks 2 or 3 candles after the entry. Perhaps this is my misunderstanding of what constitutes a hook?
Trade #3 - entry is on the 3rd candle. Its not clear that there was a TDI cross on the 2nd candle and if we are strictly applying the rules this move would have been missed
Trades #4, #5 & #6 - TDi flattens right after entry
Trade #7 - again TDI flattens 2 or 3 candles in

Perhaps this is an exercise in spotting the intentional errors? If not, it makes me wonder if I am misinterpreting the signals?
  • #10,751
  • Aug 29, 2011 10:30pm Aug 29, 2011 10:30pm
Quoting XxLessoxX
i got what you were saying about past charts, but to be critical of the trades "taken" you should first review the rules of the system....they're on post one.
EMa is not really used by the thread starter, and there is no reason not to take trades with indicators that are in OB or OS territory, also not part of the rules, more of a preference.

I don't think I'm being critical, just curious. The "potential" short that I pointed out on the 22/23 for all intents and purposes was exactly like other trades that E had taken, but he chose not to take that particular one.
  • #10,752
  • Aug 29, 2011 11:19pm Aug 29, 2011 11:19pm
Everone settle down.
FIrstly I can understand a few people wanting the mentor to show live trades...so maybe BigE, if possible, can you pop a few screenshots up when you take your trades live, so people can get the feel for what you are seeing up to the minute.
Secondly...4X, I understand your concern....and GT he is not being lazy he is merely asking questions which BigE told everone to do if something was misunderstood. Maybe he missed the short you are talking about, if he sees your post I am sure he will explain. ANd in regards to the MA....its no longer used by BigE...if you feel it offers you a greater level of comfort then by all means use it for a later less aggressive entry, but its not what BigE uses it for anymore.
I do however understand everyones concern that it is easy to show trades after the fact. But these are just training charts he has posted in order to get our eyes used to what a trade looks like for instant recognition.
All we can do is ask BigE to post o few live charts as he is placing a trade.
  • #10,753
  • Aug 29, 2011 11:47pm Aug 29, 2011 11:47pm
Quoting 4xbillions
I don't think I'm being critical, just curious. The "potential" short that I pointed out on the 22/23 for all intents and purposes was exactly like other trades that E had taken, but he chose not to take that particular one.
Yes that short wouldve prob been a looser, but I think that the purpose of the chart was to instill a bit of confidence in showing "good" trades, and what to look for in a set up. Please Dont think i was flaming your post, it was a fair question.
  • #10,754
  • Aug 30, 2011 12:02am Aug 30, 2011 12:02am
The market is asleep.
  • #10,755
  • Aug 30, 2011 12:06am Aug 30, 2011 12:06am
Hello guys, first time I'm writing here. Would like to that E for sharing this strategy.

Now, I'd like to get your opinion on something, guys. I know I'm watching this at far bigger TF than suggested, but I'll ask anyway.

Here's gold weekly chart. I've posted a pic with both vertical line and without it, so you can clearly see what's going on with the wick and stuff.

Thinking about entering trade now or maybe wait for next week's opening candle. The last candle is very short, TDI (barely) crossed. Stoch not showing any direction though.

What do you think? Is it good enough to go short? (I know, gold is in a strong bullish trend overall, but dno, it needs larger correction tbh)

Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gwv.gif Size: 14 KB
Click to Enlarge Name: gwnv.gif Size: 13 KB
  • #10,756
  • Aug 30, 2011 12:25am Aug 30, 2011 12:25am
Would be risky taking a counter trend on gold i think...

but that's just me
  • #10,757
  • Aug 30, 2011 1:04am Aug 30, 2011 1:04am
Quoting Icosahedron
Hello guys, first time I'm writing here. Would like to that E for sharing this strategy.

Now, I'd like to get your opinion on something, guys. I know I'm watching this at far bigger TF than suggested, but I'll ask anyway.

Here's gold weekly chart. I've posted a pic with both vertical line and without it, so you can clearly see what's going on with the wick and stuff.
Hi,

I am also fairly new to this method, but one thing I do know is to never trade against the trend.

It does look quite volatile however near the top there. Might go down...

I believe this tmethod is used to trade along with the overall trend not against it.

Also, all the previous short TDI crosses had basically no results.

Up for discussion. But I wouldn't do it...
Ask me again when I know what I'm talking about.
  • #10,758
  • Aug 30, 2011 1:07am Aug 30, 2011 1:07am
If anything I would wait for a long signal...
Ask me again when I know what I'm talking about.
  • #10,759
  • Aug 30, 2011 3:19am Aug 30, 2011 3:19am
20 pips so far....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h.jpg Size: 108 KB
  • #10,760
  • Aug 30, 2011 3:38am Aug 30, 2011 3:38am
Quoting XxLessoxX
check back through the thread towards the beginning pages and you'll see that there were some issues about whether or not refreshing the TDI is correct or not, and Big E replied that he chooses not to refresh his charts (if anyone doesn't know, MT4 refreshes every time you switch time frames).
I also noticed that those screens of yours were 10 seconds apart and that price had moved a bit, justifying why the TDI should look different. That reminded me of when i first found this indicator. I used it on a 5min chart and quickly learned that especially...

Thank's for your help! That seems logical to me!
69 traders viewing now