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Trading Made Simple

  • #11,201
  • Sep 7, 2011 7:45am Sep 7, 2011 7:45am
Quoting Erebus
You lost money? Well, boo hoo, ever hear of a DEMO account? no need to lose money just to show trades, DOH !
Big E, I understand that you're a nice guy, but if I were you I would ban this guy a long time ago. The thread is 747 pages already, do we have to read his trash too?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,202
  • Sep 7, 2011 7:50am Sep 7, 2011 7:50am
Quoting Favorite
Big E, I understand that you're a nice guy, but if I were you I would ban this guy a long time ago. The thread is already 747 pages, do we have to read his trash too?
I 2nd this motion! I appreciate Big E's effort as I stated earlier.
Keep It Simple
  • #11,203
  • Sep 7, 2011 8:52am Sep 7, 2011 8:52am
Quoting ivanhoekg
Closed +12 because of flat TDI so you got more from it . Pitty, it looked good, but there will be a lot of new setups.
Let's see what will happen in first 2-3 hours of NY

Edit: patience is a virtue -a peak was just above S1 .

I wonder why people read the thread over and over when they do not like it at all thinking system sucks? It is easy to critisize , better move away and find the one that is working for you.
  • #11,204
  • Sep 7, 2011 8:58am Sep 7, 2011 8:58am
Picked the wrong day to try out trading on the 15 min charts. Every signal going a couple candles, then reverses all profits and then some. E/U hasnt gone anywhere. G/U is worse. A/U ugly. Current open trades at a loss...
  • #11,205
  • Sep 7, 2011 9:15am Sep 7, 2011 9:15am
currently watching the GBP/AUD, either going to break support or bounce and make a double bottom.

the daily and weekly dont really give any clues.
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  • #11,206
  • Sep 7, 2011 9:29am Sep 7, 2011 9:29am
As a Pro trader for 4 years I sometime look around on the internet for interesting ideas (don't find many) and this thread caught my eye. It's very similar to something I look at from time to time to highlight cycles/waves in the market. However I use the 22 period Hull MA. If you look at the day chart and notice when a candle cross closes inside the Hull MA, in nearly always coincides with a cross of the red by the blue in E's method. A big candle close is equivalent to a sharp angle cross etc. However, I do think looking at the Hull you get a clearer idea of what is going on, for example some guys have had trouble trading the hourly (EU) over the last week or so, if you look at the chart, clearly there is no cyclic movement (until yesterday) with price chopping back and forward across the line, a clear indication not to use that time frame. This is just an alternative way of looking at the same thing which some of those with a visual orintation may prefer. You could use a touch or close beyond the line as a trailing S/L. I personally don't really like HA candles, it's like looking at a chart through frosted glass.
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  • #11,207
  • Sep 7, 2011 9:52am Sep 7, 2011 9:52am
Quoting Erebus
You lost money? Well, boo hoo, ever hear of a DEMO account? no need to lose money just to show trades, DOH !
If you need a tutor you'll have to pay. Try the commercial threads.
  • #11,208
  • Sep 7, 2011 10:15am Sep 7, 2011 10:15am
Looks like AUDUSD is setting up to fall back down...... I guess more confirmation is needed but I'll be watching closely.
  • #11,209
  • Sep 7, 2011 10:44am Sep 7, 2011 10:44am
Quoting FXSurf
Picked the wrong day to try out trading on the 15 min charts. Every signal going a couple candles, then reverses all profits and then some. E/U hasnt gone anywhere. G/U is worse. A/U ugly. Current open trades at a loss...
I had 4 trades during the NY session and I am -6 net. Not a big loss for 4 trades but not inspiring either. I sometimes wish I would trade the Asian, it may be less exciting but maybe better on the nerves.
  • #11,210
  • Sep 7, 2011 10:50am Sep 7, 2011 10:50am
E/U has been horrible today but I have just entered short from 15 min chart signal. bit of a weak cross on the TDI but G/U is going down nicely a may help.

In with 2 minis on a live account and a tight stop of 1*ATR.
Short Euro and remaining that way. That's just the way it is !
  • #11,211
  • Sep 7, 2011 12:20pm Sep 7, 2011 12:20pm
Hello everyone,
Firstly, thank you Big E very much for sharing something like this for free. I think you aleardy know that others sell for $ some systems which are worse than this, and you do it for free
Secondly, i just started back testing this strategy and even though my first few trades were not profitable i see very much potential in this system.
I wanted to know from those who trade LIVE if you ever enter a trade with this system against the big trend ?
And can you guys tell me if my entry is correct, and if not, why?
Thank you very much!
http://imageshack.us/photo/my-images/692/egd.png/
http://imageshack.us/photo/my-images/692/egd.png/
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  • #11,212
  • Sep 7, 2011 1:33pm Sep 7, 2011 1:33pm
Quoting iNs0mN1a
I wanted to know from those who trade LIVE if you ever enter a trade with this system against the big trend?
If you want somebody answer this question you have to give YOUR definition of "the big trend", so we will be on the same page, so to speak.
Quoting iNs0mN1a
And can you guys tell me if my entry is correct, and if not, why?
iNs0mN1a, I think you entered according to the rules. However it is not the best entry because the green line is around 50. Big E said many times that the best entry is around 32 and 68. So it is not the perfect entry but a good one.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,213
  • Sep 7, 2011 1:42pm Sep 7, 2011 1:42pm
Quoting Favorite
If you want somebody answer this question you have to give YOUR definition of "the big trend", so we will be on the same page, so to speak
By big trend i mean the direction in which last candles went on a TF.
Like in the picture, we see that the trend in the last candles is up. If we see a signal for going short on H1 or H4, should we take it ?
Because my stop losses today were hitted for the exact same reason, i wanted to make pips against the trend...
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  • #11,214
  • Sep 7, 2011 1:47pm Sep 7, 2011 1:47pm
Quoting iNs0mN1a
Hello everyone,
Firstly, thank you Big E very much for sharing something like this for free. I think you aleardy know that others sell for $ some systems which are worse than this, and you do it for free
Secondly, i just started back testing this strategy and even though my first few trades were not profitable i see very much potential in this system.
I wanted to know from those who trade LIVE if you ever enter a trade with this system against the big trend ?
And can you guys tell me if my entry is correct, and if not, why?
Thank you very...
...and to add to favorite's comments. Your S/L might be a bit tight for the Daily chart given where some of the tails are on the previous candles.

Lionsden
  • #11,215
  • Sep 7, 2011 2:04pm Sep 7, 2011 2:04pm
Quoting iNs0mN1a
By big trend i mean the direction in which last candles went on a TF.
Like in the picture, we see that the trend in the last candles is up. If we see a signal for going short on H1 or H4, should we take it ?
Because my stop losses today were hitted for the exact same reason, i wanted to make pips against the trend...
I never check Daily TF. I believe that the H-1 contains all the information we need (including the trend). If I see a good entry on H-1 (everything according to the rules and good PA) I go to M-5 and wait for a good moment to enter.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,216
  • Sep 7, 2011 2:12pm Sep 7, 2011 2:12pm
Quoting Erebus
Three or more times in the past I've posted a live trade chart and lost over 30 pips on each one after taking the time to mark up the chart for YOUR BENEFIT for learning purposes. Since I trade full lots it's cost me a lot of money ... lost just to show you A LIVE CHART. I quit doing it for that reason and you would have too.

[font=Comic Sans MS][size=4][color=#0000ff]Now if any of you would be willing to set up a bank account I could draw on any losses suffered to give you...

This individual qualifies for my "Ignore" list and quite frankly, Big E has enough going on in his life to pay attention to these categories of individuals!

As I mentioned before - simple steps for everyone to take

Step 1 - click on user's name / profile http://www.forexfactory.com/erebus

Step 2 Add "Erebus" to my ignore list

Step 3 - confirm - click yes

Result - another idiot removed from the TMS thread - well, ignored anyway

Happy posting everyone - with a couple of noted exceptions
"To live with Passion, it takes Courage and Grace to survive"
  • #11,217
  • Sep 7, 2011 2:35pm Sep 7, 2011 2:35pm
Quoting Britpip7
This individual qualifies for my "Ignore" list and quite frankly, Big E has enough going on in his life to pay attention to these categories of individuals!

As I mentioned before - simple steps for everyone to take

Step 1 - click on user's name / profile http://www.forexfactory.com/erebus

Step 2 Add "Erebus" to my ignore list

Step 3 - confirm - click yes

Result - another idiot removed from the TMS thread - well, ignored anyway

Happy posting everyone - with a couple of noted exceptions
Cheers to that man

There's a saying from my country, that translates to "never check a given horse's teeth"... Meaning that when you get something for free, you don't have the right to deliver negative criticism

Happy pipping guys!
  • #11,218
  • Sep 7, 2011 4:08pm Sep 7, 2011 4:08pm
New position !!! on HA USDCAD

What do you think of this ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadH4_07_09_2011.JPG Size: 90 KB
  • #11,219
  • Sep 7, 2011 4:15pm Sep 7, 2011 4:15pm
Speaking of USDCAD it looks like a good setup on the Daily.
Attached Image
  • #11,220
  • Sep 7, 2011 4:23pm Sep 7, 2011 4:23pm
Quoting imperatorfr
New position !!! on HA USDCAD

What do you think of this ?
I just open 8 pairs , one of them is USD/CAD ,yes. Hope the results are positive lol!
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