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Trading Made Simple

  • #11,041
  • Sep 5, 2011 8:12am Sep 5, 2011 8:12am
Quoting fufighter
!!!!! ><

So, what about you? you find the set up few minute before the new candle appear? or wait till the second the new candle appear then see if there are any set up?

Thanks 33drifter,
i usually have my eye on a trade hours or sometimes days before the cross occurs.
  • #11,042
  • Sep 5, 2011 8:26am Sep 5, 2011 8:26am
Quoting 33drifter
i usually have my eye on a trade hours or sometimes days before the cross occurs.

current example is GBP/AUD possible long trade - daily has crossed up, but H4 has small candles and could possibly head down for the next 24hrs or so before it heads back up again, so ill be watching it over the next 24 - 48 hrs

PA and candle patterns tell me where price is heading, the TDI gives me confirmation and an entry point
  • #11,043
  • Sep 5, 2011 9:07am Sep 5, 2011 9:07am
I'm looking to switch from trading 1H and smaller to trading Daily because I am just breaking even or turning a small profit and I don't have time to check the charts all the time. Plus, I am looking for higher probability trades. Last week really ate my lunch. My question is that if I am trading daily, and Big E says to have all trades closed at the open of US, would I ignore that and go with ATR*2 for my TP and SL? Thanks.

F09
  • #11,044
  • Sep 5, 2011 9:28am Sep 5, 2011 9:28am
Quoting Fitness09
My question is that if I am trading daily, and Big E says to have all trades closed at the open of US, would I ignore that and go with ATR*2 for my TP and SL? Thanks.

F09
Yep, Your SL and TP rules remain the same, but the trades pretty much become set and forget, they run for as long as it takes to hit SL or TP.
  • #11,045
  • Sep 5, 2011 10:11am Sep 5, 2011 10:11am
Can someone please tell me how to backtest this strategy??? It's not an expert advisor so i dont understand how i am supposed to backtest? Can someone please help me on it?
  • #11,046
  • Sep 5, 2011 10:33am Sep 5, 2011 10:33am
Hiya Guys just started reading through this thread can anyone tell me where to find the rules i tried one but my PC couldnt read them and also what does PA stand for ?
  • #11,047
  • Sep 5, 2011 10:38am Sep 5, 2011 10:38am
Quoting 33drifter
current example is GBP/AUD possible long trade - daily has crossed up, but H4 has small candles and could possibly head down for the next 24hrs or so before it heads back up again, so ill be watching it over the next 24 - 48 hrs

PA and candle patterns tell me where price is heading, the TDI gives me confirmation and an entry point
good example, thanks so much 33drifter!
  • #11,048
  • Sep 5, 2011 10:44am Sep 5, 2011 10:44am
Quoting Peteday
Hiya Guys just started reading through this thread can anyone tell me where to find the rules i tried one but my PC couldnt read them and also what does PA stand for ?
rules are on post 1 page 1

Price Action (PA) has different interpretations, i look at it as the way price is behaving, or in other words the way the chart looks
  • #11,049
  • Sep 5, 2011 10:59am Sep 5, 2011 10:59am
Quoting 33drifter
rules are on post 1 page 1

Price Action (PA) has different interpretations, i look at it as the way price is behaving, or in other words the way the chart looks
Thx Drifter it really is that simple then i was expecting a book full of rules,thanks again
  • #11,050
  • Sep 5, 2011 11:05am Sep 5, 2011 11:05am
anyone got there order in on gbpcad daily........looking tasty
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  • #11,051
  • Sep 5, 2011 11:33am Sep 5, 2011 11:33am
Quoting NZ Chris
Blimey....... This thread is going to have to be renamed "Trading Made Simple being made Alot More Complicated"



just joshing with you.
No problem - why use 5 words when 25 will do? This, then becomes TMS + F

All new traders - stick to TMS in its truest form, however, never stop learning! You can always add the F at a later date.

This was to attempt to answer Dean's question on Fractals, so if it works for your trading plan, add it - if not, ignore. I have always used fractals on my charts - just another security blanket
"To live with Passion, it takes Courage and Grace to survive"
  • #11,052
  • Sep 5, 2011 11:37am Sep 5, 2011 11:37am
Typically I am not trading on Sundays or bank holidays - lack of volume so no real point - anyway - things to do!

My trading times on H4 and Day are 9:30 pm to 10:30 pm PST - M/T/W/T, so I will look for set ups tonight.
"To live with Passion, it takes Courage and Grace to survive"
  • #11,053
  • Sep 5, 2011 12:00pm Sep 5, 2011 12:00pm
Quoting Tedge UK
anyone got there order in on gbpcad daily........looking tasty
i dint since TDI didnt cross yet just touch each other. But what is weird is that my graph already show 2 blue candle, so even if it cross im not sure i would enter on #3

but ur graph only show 1 blue candle >< , what should i base on then. Different broker show different graph?

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  • #11,054
  • Sep 5, 2011 12:21pm Sep 5, 2011 12:21pm
whoa....fortunately I didnt get into this one! TDI bullish cross looked great, Stoch oversold... candles are pretty small though. I'm now trading TDI crosses on H1 only if they have at least confirmation on H4.
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  • #11,055
  • Sep 5, 2011 12:29pm Sep 5, 2011 12:29pm
Quoting fufighter
i dint since TDI didnt cross yet just touch each other. But what is weird is that my graph already show 2 blue candle, so even if it cross im not sure i would enter on #3

but ur graph only show 1 blue candle >< , what should i base on then. Different broker show different graph?

beats me FF,IF IT WAS ONE OF THE SMALLER T/F i WOULD SAY SO
  • #11,056
  • Sep 5, 2011 12:33pm Sep 5, 2011 12:33pm
Quoting Nacho
whoa....fortunately I didnt get into this one! TDI bullish cross looked great, Stoch oversold... candles are pretty small though. I'm now trading TDI crosses on H1 only if they have at least confirmation on H4.
I did

Everything follow the rule so far, it even show blue candel in my chart. I wait for another 2 candle to see if there any improve, if not i'll close with loss.

Hope it going up. it's been in oversold area far too long now.
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  • #11,057
  • Sep 5, 2011 12:43pm Sep 5, 2011 12:43pm
This is for the newbies here. I'm still one myself honestly but I found this information and I thought it would be good to repost it all.
Attached File(s)
File Type: pdf TradinMadeSimple.pdf   1.4 MB | 2,113 downloads
File Type: tpl #1 best 5 ma tdi.tpl   2 KB | 632 downloads
File Type: ex4 Stochastic Slope.ex4   4 KB | 716 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 596 downloads
File Type: mq4 TDI Red Green.mq4   9 KB | 689 downloads
  • #11,058
  • Sep 5, 2011 12:46pm Sep 5, 2011 12:46pm
Quoting 33drifter
Yep, Your SL and TP rules remain the same, but the trades pretty much become set and forget, they run for as long as it takes to hit SL or TP.
Thanks drift, I am also long on the GA. Already in a while ago.
  • #11,059
  • Sep 5, 2011 1:16pm Sep 5, 2011 1:16pm
Quoting Nacho
whoa....fortunately I didnt get into this one! TDI bullish cross looked great, Stoch oversold... candles are pretty small though. I'm now trading TDI crosses on H1 only if they have at least confirmation on H4.
Just look at the big downtrend and your trying to cash the lowest low ?
Here's a little tip, if your trading those lower time frames then add it to your entry rule to always go with the trend, it's gonna save you a lot of pips.
There are a lot of opportunieties, just take the perfect setups.
Look at this one:
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The Mind creates reality.
  • #11,060
  • Sep 5, 2011 1:47pm Sep 5, 2011 1:47pm
Quoting Nacho
whoa....fortunately I didnt get into this one! TDI bullish cross looked great, Stoch oversold... candles are pretty small though. I'm now trading TDI crosses on H1 only if they have at least confirmation on H4.
I would like to have the s/r indicator. I tried to PM you, but it wouldn't work. please email me the indicator or at least provide me with the name of it. Sorry Big E, it wouldn't let me PM.
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