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Trading Made Simple

  • #10,921
  • Sep 1, 2011 9:59am Sep 1, 2011 9:59am
Fantastic thread Big E! i along with others as you know, really appreicate the time you have taken to put together this thread!

i am new, and have been studying for the last 3 months overall technical analysis etc. recently came accross this sytem, and have been back testing it aswell as following it on the chart ( no trades- just in head)

im going to be honest, i have been looking for a system that i could use before and after work (sales man day job) and this does seem to be worth studying! watching the 4hr charts produce 100+ pips did make me day dream that the lamborghini could be ordered in the next few months! (exaggerating a tad) UNTIL i read the PDF document by DCGINC, which really did put me back into reality! THANKYOU for saving me money!

now i have 700+ pages to studying and numerous books and demo trades to practice. but i hope to be able to contribute in the coming months!

all the best!

mark
  • #10,922
  • Edited 10:58am Sep 1, 2011 10:15am | Edited 10:58am
Quoting hosiny
A couple of questions please:

-Sometimes the TDI indicator in 4H timeframe doesn't match the same direction of TDI in 1H timeframe(i.e. one says go ahead and buy and the other screams it is selling time). What should i do in this case?
did you realize that are different TF and in fact TDI may or may not do that? May be I misunderstood your question. Please formule it by another way in order to help . . .thz
Humble & Kalcker CLO2 = Covid killer
  • #10,923
  • Sep 1, 2011 11:06am Sep 1, 2011 11:06am
Quoting hosiny
A couple of questions please:

-Sometimes the TDI indicator in 4H timeframe doesn't match the same direction of TDI in 1H timeframe(i.e. one says go ahead and buy and the other screams it is selling time). What should i do in this case?

-You said we should jump in in the first or second candle at most when the green light is on because there might be a reversal coming from the 3 to 8 candels. Does this apply on 4H timeframe only or the 1H timeframe as well. I mean if a reversal occurs in 6 candles in 4H, it should take 24 candles in 1H timeframe....
which time frame are you trading from? I would say the conservative approach is to wait until both signal are in line with each other and the overall trend. Aggressive approach is just taking the reversals on the smaller time frames. but remember that checking different time frames isnt really part of the original method, more of a preference of some of the traders using it. I personally stick to one time frame. Keeps it simple.
  • #10,924
  • Sep 1, 2011 11:20am Sep 1, 2011 11:20am
Quoting hosiny
A couple of questions please:

-Sometimes the TDI indicator in 4H timeframe doesn't match the same direction of TDI in 1H timeframe(i.e. one says go ahead and buy and the other screams it is selling time). What should i do in this case?

-You said we should jump in in the first or second candle at most when the green light is on because there might be a reversal coming from the 3 to 8 candels. Does this apply on 4H timeframe only or the 1H timeframe as well. I mean if a reversal occurs in 6 candles in 4H, it should take 24 candles in 1H timeframe....

1- if you have conflicting tdi's i would be staying away, obviously the H4 cant move down if the 1H is moving up. mostly if the H1 is showing a good cross you can look at the H4 and see the TDI starting to hook or level out signalling a reverse.

if the H4 is in a strong down trend and TDI is down too, a long on the H1 probably isnt going to go so well.

So to answer your question, while your still learning, wait for confirmation on both TF's.

2- its just a statistic really, not a hard rule. an 8 candle H4 move might include a small pull back on the H1, but the APB candles wont show that.

hope that helps
  • #10,925
  • Sep 1, 2011 11:55am Sep 1, 2011 11:55am
more safe to enter according to the cost price.
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  • #10,926
  • Sep 1, 2011 3:33pm Sep 1, 2011 3:33pm
This question is for only the long term guys on this thread. ie Dean, DGINC etc.

How many Pips per month are you happy with?

The reason I ask is that while back testing on the Daily candle as opposed to the 4H I notice that by taking only the really sweet setups on the daily you can squeeze out 800 - 1000 pips with less work and less stress, less head fakes etc.

I have started to trade a demo acct on the daily candles am fairly pleased.

Thanks
Steve
  • #10,927
  • Sep 1, 2011 4:29pm Sep 1, 2011 4:29pm
Howdy everyone. I'm new to this thread. I have been going through it and reviewing the method and I gotta say I tried it early today on the EuroUsd and won. It is easy and great. I'm a full time trader who has yet to make any money....lol But with this method I already see the potential. I recently lost 13k because I let other traders trade my money. Eelfranz and traders I have posted two charts that I entered into about 4pm today central time zone which is the start of a new trading day based on MT4 and my broker FXDD. I'm trading this method on the daily. Please give me your opinions on what you think about the trades and if I did the right thing entering these trades. I greatly appreciated and look forward to being part of this incredible thread. Thank you all so much.
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  • #10,928
  • Sep 1, 2011 5:15pm Sep 1, 2011 5:15pm
Quoting dcginc
dean

I take a few signals per week swing trading on the higher time frames – 1 Hr and 4 Hr, and sometimes daily. I scalp on the 15 M chart every day. When the market is ranging or lots of news, I focus on the 15 M charts until a clear trend is established and then revert to back to swing set ups.

[font=Calibri][size=3]I am in two open swing positions currently from Tuesday on the 4 Hr charts - shorting E/U and E/J. Those are the only two swing trades I have taken this week. My first targets have been...
This is something I have trouble with. Can you explain why you wouldnt just consistently trade the 15 minute chart...Why trade the longer time frame when you can get in on the signal earlier on the 15 minute?? I mean the signal on the longer time frame generates itself from the 15 or lower anyway so why not get in early?? I really struggle with this concept so I am looking for a clear explanation as to the benefits and difference between trading the higher and lower time frames.
  • #10,929
  • Sep 1, 2011 5:27pm Sep 1, 2011 5:27pm
Quoting sbnelson2005
This question is for only the long term guys on this thread. ie Dean, DGINC etc.

How many Pips per month are you happy with?

The reason I ask is that while back testing on the Daily candle as opposed to the 4H I notice that by taking only the really sweet setups on the daily you can squeeze out 800 - 1000 pips with less work and less stress, less head fakes etc.

I have started to trade a demo acct on the daily candles am fairly pleased.

Thanks
Steve
Mate it has nothing to do with the amount of pips per day/month/year.....its about money in your account growing...set a dollar limit to what you want to make and the absolute critical factor is gaining CONSISTENT pips per week. You can make a fortune with 1 pip a day if you can do it every day. But if you can see yourself consistently making 800 per month and do it consistently you will make plenty.
  • #10,930
  • Sep 1, 2011 8:51pm Sep 1, 2011 8:51pm
Quoting dcginc
Traders,

One suggestion for additional set ups/opportunites is to look at the corresponding crosses when a pair you trade gives a signal. For example, all majors showed weakness against the Swissy today. I first got a signal on the EUR/CHF. This was easy to trade and take advantage of. There were many other set ups as well.

[font=Calibri][size=3]Here are just a few of the opportunities from the London and NY sessions in today's market. In the parens are the trades...
GBPCHF and EURCHF (the ones that made me about +300 yesterday) show downtrend with TDI in the right direction. Overall trend is also down. So why not jump in, follow the rules and get out? You might just make a month worth of pips in these trades in a week!
A trader must be humble - else the market would humble him.
  • #10,931
  • Sep 1, 2011 8:59pm Sep 1, 2011 8:59pm
Quoting wildflower
I've just jumped in on a Short based on the H4, H1, M30, M15

the daily is wanting to be a Bull but I'm hoping not
Better to be "knowing" than "hoping"! Just my thoughts How did your trade fare?
A trader must be humble - else the market would humble him.
  • #10,932
  • Sep 1, 2011 9:57pm Sep 1, 2011 9:57pm
I am brand new to this forum, so what I'm about to say has to be understood in that context. Having said that, let me also say that I am not brand new to FOREX. Over the last several months, I have spent more money than I care to mention and studied more strategies than I can probably even count, but I haven't seen ANYTHING that comes remotely close to this system for ease of use and profitability.

Considering the fact that I'm only into my FIRST day of demo trading this system, I may simply be experiencing beginner's luck. If so, I hope I stay a beginner, because I don't want what I've experienced in the first 24 hours to change.

I haven't read anywhere near all the posts on this forum, but I've seen a number of people ask about trading daily time frames. So far, that's all I have traded, and here are the results:

In less than 24 hours, I have closed an AUDUSD trade at 36 pips profit, and I have closed a USDCHF trade at 112 pips profit. I have open trades in EURCHF (currently up 238 pips and still going strong), EURUSD (currently up 82 pips and still going strong) and EURGBP (which I just entered a couple hours ago and is only up 2 pips). I listed the EURGBP trade because I want you to know that I didn't just handpick the trades I wanted you to know about. I have listed EVERY trade I have made, and all of them are winners.

If my math is correct, that's 470 pips (including the trades that are still running) in one day, and my FIRST day at that! Let me also add that I slept all night last night and worked my day job all day today, so these profitable trades were made with almost no maintenance.

I want you to know that I have not said ANY of this to brag, at least not on myself. I have done NOTHING but trade the system exactly as eelfranz teaches, using only the TDI indicator.

After all the money I've spent, I can't believe a system THIS GOOD is free! The only one I know who FREELY hands out things this good is God (even things like eternal life). I'm not saying eelfranz is God, but I am saying that he's a godsend in my life, and I pray God will bless him for being such a wonderful blessing to so many others, including me!
  • #10,933
  • Sep 1, 2011 10:56pm Sep 1, 2011 10:56pm
Quoting revkev6374
I am brand new to this forum, so what I'm about to say has to be understood in that context. Having said that, let me also say that I am not brand new to FOREX. Over the last several months, I have spent more money than I care to mention and studied more strategies than I can probably even count, but I haven't seen ANYTHING that comes remotely close to this system for ease of use and profitability.

Considering the fact that I'm only into my FIRST day of demo trading this system, I may simply be experiencing beginner's luck. If so, I hope I stay...
Tell me about it man! Isn't it crazy that TMS is free?! Someone should commercialise it! Haha actually not - cos if I got it for free, I should not disadvantage others off it too!

Anyway, my reply for this post is cos I have been trading the daily too and yesterday was a bomb blaster - made 300 pips (approx) in 2 pairs trading GBPCHF and EURCHF (Altho both moved more than just 150 each!).

I love this trading method but the only thing that I'm waiting for is to expect my first drawdown on the daily - cos I have set mine to about 300 pips ( but if I could make 1000 pips and encounter a reversal, I wouldn't mind it). But of course there is the mental fear always. The devil plays with your mind awful lot when you have money on the table. Having said that, 70% of our trades enter reds first before going our way so have to just hand on to your nuts for it!!!

To add on, I am also working a full-time job and completing my BSc in Biomedical Sciences with Hons - yea you can expect me to be stressed to the max when my life is as such. Essentially I'm trading to save for med school and as such i have to juggle all 3 at one go - I cannot quit my job yet as my S$5000 school fees is due in 2 months!!
A trader must be humble - else the market would humble him.
  • #10,934
  • Sep 2, 2011 2:33am Sep 2, 2011 2:33am
F*&^ck this London opening bullshit. Someones got the pound on a yoyo!!
  • #10,935
  • Sep 2, 2011 2:39am Sep 2, 2011 2:39am
Quoting dean
F*&^ck this London opening bullshit. Someones got the pound on a yoyo!!
hehe. Pesky poms f*****g with yer head again mate.

There was a nice short signal on USDCHF 15min earlier, just as it dropped through 1.7900.
  • #10,936
  • Sep 2, 2011 2:47am Sep 2, 2011 2:47am
LOL, i guess u still dont like the opening

Quoting dean
F*&^ck this London opening bullshit. Someones got the pound on a yoyo!!
  • #10,937
  • Sep 2, 2011 2:53am Sep 2, 2011 2:53am
Quoting dean
F*&^ck this London opening bullshit. Someones got the pound on a yoyo!!
GBPUSD Checking H4 looks like it doesnt want to go any further down judging by a big bounce off that level back around 11 Aug.

Theres a big UK news announcement at 9.30 gmt and US NFP later so will be interesting to see where it all goes. Caution today
  • #10,938
  • Sep 2, 2011 3:06am Sep 2, 2011 3:06am
Quoting DaveUK
hehe. Pesky poms f*****g with yer head again mate.

There was a nice short signal on USDCHF 15min earlier, just as it dropped through 1.7900.
THe London opening used to be a great money maker....now its just a head f*&^cker......I'm not trading tonight....this week has knocked me around a bit and tonights opening again has put me in a bad headspace...I go away skiing for a week tomorrow so why f*&^ck that up tonight stressing about which way things are going. Good luck all. talk to ya in a week or so.
  • #10,939
  • Sep 2, 2011 3:08am Sep 2, 2011 3:08am
Happy skiing Tomba!!

Quoting dean
THe London opening used to be a great money maker....now its just a head f*&^cker......I'm not trading tonight....this week has knocked me around a bit and tonights opening again has put me in a bad headspace...I go away skiing for a week tomorrow so why f*&^ck that up tonight stressing about which way things are going. Good luck all. talk to ya in a week or so.
  • #10,940
  • Sep 2, 2011 3:14am Sep 2, 2011 3:14am
Quoting dean
THe London opening used to be a great money maker....now its just a head f*&^cker......I'm not trading tonight....this week has knocked me around a bit and tonights opening again has put me in a bad headspace...I go away skiing for a week tomorrow so why f*&^ck that up tonight stressing about which way things are going. Good luck all. talk to ya in a week or so.
Yes, this week has been difficult. I imagine a lot of retail traders have lost money this week. Sometimes you need to get away from the charts for a bit. I think everyone does really. Have a great time.



Not sure what a chicken's got to do with anything, but there he is anyway.
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