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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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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #10,841
  • Aug 31, 2011 5:53am Aug 31, 2011 5:53am
Sitting on my hands at the moment. Twitter Traders i follow not seeing much either

I read somewhere - let the market come to you and don't chase trades and that seems a good principle when its acting so tight and rangy.

However i am very mindful at this time of a recent DGINC comment on last weeks PA in the market:

many traders characterized as choppy or ranging, drilling down on just the EUR/USD on a 15 M chart provided over 10 opportunities for over 80 pips each. I was able to catch 3 of those for over 300 pips profit (trading two lots). So, adapting to the market is a key element of my strategy. I never complain or try to justify what is happening – my job is to adapt and look for opportunities. That can encompass smaller time frames, counter trend, other pairs, etc. I try to observe what the market is telling me, not impose my will.

Its easy to be caught napping and be switched off at times like this. So I'm remaining attentive - somewhat like a cat watching a mousehole!

I want to avoid saying to myself after yet another missed opportunity: DAMN how the F**K did i miss that one?!
  • #10,842
  • Aug 31, 2011 6:17am Aug 31, 2011 6:17am
hI FOLKS, Is there any chance of E/U rebound to 1.4547 as I m long on that. I tried hedging & gained profit on short position. But now I dont know what to do. I am -60$ . whether i should exit or wait.
moreover can anyone tell us how to use hedging profitably..
  • #10,843
  • Aug 31, 2011 6:40am Aug 31, 2011 6:40am
DO NOT CHANGE WINNING STRATEGY !!!!
When I was preparing to go live I deliberately shifted to 1H , because SL on 4H are very wide in my oppinion. 1H workes pretty good, not perfect but what is ideal ? Today I got stoped with 56 pips loss , both trades on 1H, and look what a beauties I missed on 4H (candles looked weak on 1H, but I missed the big picture). Big E advised 4H many times, others as well... I will sit on my hands and go demo again...
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  • #10,844
  • Aug 31, 2011 7:15am Aug 31, 2011 7:15am
Hey Guys, I was wondering where the latest templates for this system are. There's just a lot of information to sort through.
  • #10,845
  • Aug 31, 2011 7:33am Aug 31, 2011 7:33am
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting dean
http://t1.gstatic.com/images?q=tbn:A...OXOfLXuFBVInVQ
WE ARE TRADING
REGARDS........ SHERIFF
http://fc00.deviantart.net/fs70/i/20...trildarmus.jpg
He who wanders, never gets lost. No good deed goes unpunished.
  • #10,846
  • Aug 31, 2011 7:42am Aug 31, 2011 7:42am
hello there mate...just another newbie here...how do u determine a trend?
plz explain,,,im very fond of scalping

thanks







Quoting lehmann
I have been testing some stuff on TMS. been scalping on the 1M+5M+15M.
I have been taking larger TP with larger TF. allthough i only got 20 pips out of my longer TF looking back i could easily have squeezed it up to 30 or 35 without any problem during that period.

Scalping is cool and there are many many trades, and i always scalp looking at the larger picture, so im running with the trend and NOT against. The same is through on the larger TF as well.

But take a look at it, and remember it has all been on a demo. I like to backtest, and then...
  • #10,847
  • Aug 31, 2011 7:54am Aug 31, 2011 7:54am
And GBPUSD makes another assault on previous high. Will she make it stick this time?
  • #10,848
  • Aug 31, 2011 8:03am Aug 31, 2011 8:03am
Quoting Purger
Hey Guys, I was wondering where the latest templates for this system are. There's just a lot of information to sort through.
the first ones posted are still valid. the system hasnt changed.
  • #10,849
  • Aug 31, 2011 8:06am Aug 31, 2011 8:06am
Quoting XxLessoxX
the first ones posted are still valid. the system hasnt changed.
Thanks.
  • #10,850
  • Aug 31, 2011 8:12am Aug 31, 2011 8:12am
Quoting Android38
Closed EURUSD wih -28pips...before it hit SL at 50.
Trend reversed and weak up momentum.

Others still running and open another GBPUSD short as well...
GBPUSD +1
USDCHF +90
EURGBP +12


Now open GBPUSD long
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  • #10,851
  • Aug 31, 2011 8:16am Aug 31, 2011 8:16am
It all depends on how tolerant u are. how much are u willing to risk to gain something.
a conservative scalp could be a signal on the 1M or 5M or 15M or all 3 combined. But only when the 1H,4H or both points in the same direction. u only buy on the smaller TF if the higher TF is long...

a more risky approach is to buy/sell in both direction, but thats risky.
Always look at it this way: if u fail a trade, if a trade goes against u, would u then rather be going in the same direction as the trend or against it. if yes then you always trade with the trend and NOt against it, because a loosing trade here will have a huge impact on your account if not proper managed.
I hope it makes sense

Quoting georgecv87
hello there mate...just another newbie here...how do u determine a trend?
plz explain,,,im very fond of scalping

thanks
  • #10,852
  • Edited 9:52am Aug 31, 2011 9:23am | Edited 9:52am
Quoting eelfranz
E-U Entry training Chart - Examples
In the last BigE Training Chart he drew a 7 vertical white lines . . . I assumed as exits. am I right? if so, has changed the original BigE exit rules? what happened with "Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal."
please donīt misunderstand me, Iīm just a bit confused . . . in fact I took DCGINC advice an wait for my trade end until price hit TF or SL, and adapt to the market . . .
Could some give me some insight or clue why the reason about this exits?
Sorry about the silly question and I hope not to disturb anyone.
TKS
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Humble & Kalcker CLO2 = Covid killer
  • #10,853
  • Aug 31, 2011 9:44am Aug 31, 2011 9:44am
Quoting jusiur
In the last BigE Training Chart he drew a white lines . . . I assumed as exits. am I right?
Hey jusiur,

I think you are talking about the white line @ 1.43565 on the E/U H4 chart. I think that is the current price when the snap shot was taken? I could be wrong and that definetly wouldn't be the first time today.



The Hard Right Edge Experience
  • #10,854
  • Aug 31, 2011 9:54am Aug 31, 2011 9:54am
Quoting Three
Hey jusiur,

I think you are talking about the white line @ 1.43565 on the E/U H4 chart. I think that is the current price when the snap shot was taken? I could be wrong and that definetly wouldn't be the first time today.



The Hard Right Edge Experience
thanks, but no. I mean 7 vertical lines. I just edited my previous post clarifying
Humble & Kalcker CLO2 = Covid killer
  • #10,855
  • Aug 31, 2011 10:19am Aug 31, 2011 10:19am
Here’s a losing trade that just closed on the 15 M EUR/JPY. I took this signal on the cross up on the 15 M chart confirmed by the cross up on the 1 Hr. Price quickly turned over and stopped me out.

On to the next signal . . .
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  • #10,856
  • Aug 31, 2011 10:25am Aug 31, 2011 10:25am
sell gbpusd h1

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  • #10,857
  • Aug 31, 2011 10:38am Aug 31, 2011 10:38am
Quoting dcginc
Here’s a losing trade that just closed on the 15 M EUR/JPY. I took this signal on the cross up on the 15 M chart confirmed by the cross up on the 1 Hr. Price quickly turned over and stopped me out.

On to the next signal . . .
Hmm..you entered against the short term trend..esp when there was heavy price movement nearby..i guess thats why you were stopped out..
A trader must be humble - else the market would humble him.
  • #10,858
  • Aug 31, 2011 10:57am Aug 31, 2011 10:57am
Quoting dcginc
Here’s a losing trade that just closed on the 15 M EUR/JPY. I took this signal on the cross up on the 15 M chart confirmed by the cross up on the 1 Hr. Price quickly turned over and stopped me out.

On to the next signal . . .


 On to the next signal . . . well said !
IMO I agree with adeforex: "The most important thing is that to look at the position of tdi as in, how close/far to 68/32/50 lines" and I also like bez's 50 rule: " only take longs below the 50 and shorts above the 50 on the TDI". and other that canīt remember: "Really though you want the tdi at a better level so it has room to move, so for a long, you want it under the 50 and vice versa for a short....for even higher prob trades its great to see the tdi turning up from the 32 for a long and turning down from the 68 level for a short.
In 15 min chart, take short or long IN 50 line (as you taken) price can go anywhere, north or south, but again its IMO.
I think patience is the most virtue of you, maybe should not have taken this trade . . . as you said quality not quantity
best regards
Humble & Kalcker CLO2 = Covid killer
  • #10,859
  • Aug 31, 2011 11:12am Aug 31, 2011 11:12am
Quoting amiralifx
sell gbpusd h1

Attachment
that must have paid u well
A trader must be humble - else the market would humble him.
  • #10,860
  • Aug 31, 2011 12:05pm Aug 31, 2011 12:05pm
Quoting amiralifx
sell gbpusd h1

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exit with 5+

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