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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

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Trading Made Simple

  • #11,321
  • Sep 9, 2011 11:13am Sep 9, 2011 11:13am
Hello people, this is my first post here, I've been religiously following this thread & BIG E for 2 weeks now and I thought I'll put up a trade I just took and notes on why i took it.

Reasons for taking trade:
1) Ticks all BIG E boxes, crossed 50 line (a sign of strength in direction)
2) Broke range
3) Trend continuation

Reasons for quick exit:
1) Its Friday, London just about to close, need a pint of Guinness - why get greedy?

2) rapid downward candle movement, possible pin bar reversal, which it looks like its become. Exited at peak of drop. +35 pips

p.s. I only take 30min trades if the (1) green TDI line crosses 50 line or looks like it will (2) price must be on the other side of 5ma

Otherwise I generally trade 1hr & 4 Hr exactly as Eelfranz recommends. Demo at the moment, waiting to hit 4 weeks of successful trading before I move back on to my live account. This is my 1st : )

BTW, thanks for a great system eelfranz, YOU HAVE GIVEN ME HOPE!
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  • #11,322
  • Sep 9, 2011 12:06pm Sep 9, 2011 12:06pm
Quoting cigarguy
Just a suggestion from an old dog trader. If you are new, first of all I would pick one pair to concentrate on. Watch your selected pair spend as much scrren time as your time permits and learn all of the traits of that currency. And trade with a demo account until you feel comfortable with your decisions before moving to a real account. Then with a micro account as your trading advances gradually increase your lots to build confidence.

Once you feel that you have achieved the success and accomplish your goals pick another currency and do the...
Thank you very much.
I like this system because I do not always need to keep an eye on a monitor. So I would like to master this system.
I will practice only by E/U for a while.
This is my todays tradehttp://iup.2ch-library.com/i/i0415224-1315587869.pnghttp://iup.2ch-library.com/i/i0415223-1315587869.png
  • #11,323
  • Sep 9, 2011 12:58pm Sep 9, 2011 12:58pm
Quoting cigarguy
EU quiet and ranging.. time for a nap!
Are you sure you don't have dial up? p
  • #11,324
  • Sep 9, 2011 1:29pm Sep 9, 2011 1:29pm
Thanks for the system

I am looking for a multible timeframe indicator that works in the simulator.

a couple weeks ago someone mentioned that one did
not work.

do any work?

thanks
wmhays
  • #11,325
  • Sep 9, 2011 2:59pm Sep 9, 2011 2:59pm
Quoting bez3000
amiralifx, are all your trades on this statement from the 1h time frame?
yes . only h1
  • #11,326
  • Sep 9, 2011 3:01pm Sep 9, 2011 3:01pm
Quoting pchees
Yes I went short as well and still in. My stop is at 2*ATR and will now move to break even. Up about 100+ pips. Entered because of the bounce off the red line by the green line.
Wow, I need to rethink my profit taking strategy.
So basically you got in around 1,3850 as well?
If you're still in that trade you're at 200 pips profit by now!

What's your stop strategy? Is it automated (trailing) by any chance or manual?
Also a stop of 2*ATR sounds like a large and luxurious stop (is it?) .
I've calculated that I could have a 40 pip stop max @ lotsize 20000 ($2 a pip).
Financial independence is what I live for
  • #11,327
  • Sep 9, 2011 8:15pm Sep 9, 2011 8:15pm
Quoting piprac
Are you sure you don't have dial up? p
Nope, no setup for me! Sometimes the best trade is no trade.

Regards,
Cigarguy
Keep It Simple
  • #11,328
  • Sep 9, 2011 8:58pm Sep 9, 2011 8:58pm
I believe I overtraded during the week with some agressive entries but the end result so far seems good. It is way too early to conclude anything as consistency in bottom line over a considerable time period is yet to be seen.
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Forex is boring but profitable with patience and discipline
  • #11,329
  • Sep 10, 2011 12:13am Sep 10, 2011 12:13am
Quoting smatthew
Wow, I need to rethink my profit taking strategy.
So basically you got in around 1,3850 as well?
If you're still in that trade you're at 200 pips profit by now!

What's your stop strategy? Is it automated (trailing) by any chance or manual?
Also a stop of 2*ATR sounds like a large and luxurious stop (is it?) .
I've calculated that I could have a 40 pip stop max @ lotsize 20000 ($2 a pip).
I always feel you need trades room to breathe, and with this system I use the 4hr charts so I am looking for the bigger moves anyway.

My lot size will depend upon whatever the ATR is * 2, and are then sized accordingly so that I only ever risk 2% of my pot.

The nice thing about this is that I can walk away from the screen and come back a few hours later to check up.
  • #11,330
  • Sep 10, 2011 12:18am Sep 10, 2011 12:18am
We have a saying here..."Dont piss down my back and tell me it's raining"
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Quoting dcginc
Like any profession, there is an investment in time and education. And like any profession, your results will vary based on your level of commitment and degree of education. It always surprises me that folks expect to pay tens of thousands of dollars for a college degree toward any other profession, but expect insights, systems and indicators for free when it comes to trading. If you expect to become a professional trader, get out your check book.

From a previous post of mine . . .
[To......
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I PM'd dgcinc after reading some of his brilliant post's. Here is his reply:

http://www.forexfactory.com/images/icons/icon1.gif Re: Another Fan.
[font=Calibri]I appreciate the kind words. Your goal is very achievable. The biggest mistake most traders make is their unrealistic expectations about the time that is required to be a consistently profitable trader. The investment is not in learning how to trade, it is the time investment in changing one's mindset. Some folks must suffer such great pain before they change their behaviors and for others the time is less. But that is really the key - can you define your risk and walk away from a position with no emotional attachments? Once you can emotionally become detached, your trading will be relaxed, natural and more automatic. Sounds like you have the tools, but just need to reset your mental state. Please read the information below. Hanging around with a group of professionals will get you to a better trading state sooner. This is a free program coming up from one of my mentors. This is where the difference is made.

[size=3]I rarely recommend anything, but this gentlemen and his group are responsible for my trading transition. I have absolutely nothing to gain from this other than the satisfaction of sharing something that I was fortunate enough to come upon a while back.

One of my mentors, an awesome pro trader, has a phenomenal website. There is an incredible amount of information for new traders as well as experienced traders. He also provides a weekly market preview which consists of some excellent technical analysis and pro trading insights. There also is an "Insider Program" that trains while providing trade set ups.

I am emailing many of the folks on FF that I think would like to be involved with a site that has a more mature approach and dialogue toward trading.

Although FF has a lot of great posts and traders, I personally get impatient with the amount of redundant questions, systems overload, and just plain nonsense. The great threads seem to run out of steam because of all of the frivolous content.

This site is all trading and all business. I’m sure to will find it a far cry from any other site you have visited. He does have some things that cost money, but there is a generous amount of, dare I say it, free information. You will find this site all killer, no filler.

Most importantly, this month he is having a two week "Pro Trader Bootcamp" - again for free. This will be the most enlightening trainings you will have the opportunity to experience - especially at no charge. He will be announcing the schedule next week sometime, but the link below will give you the opportunity to register ahead of time. I am not sure if these sessions will be recorded, but it will be announced during the training.

This may sound like an advertisement, but it is not. It is an emphatic endorsement for a group of people that understand what it takes to be a professional and can give you the systems and tools to you need to get there - truly the real deal

Have a look and please feel free to share this message with fellow traders.

Here is the link for the website DELETED
Here is the link for the Pro Trader Bootcamp DELETED
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Now, call me a cynic but I think our "friend" is here for reasons other than trading. The free bootcamp is a teaser to join a $3200 course. If he converts 10 people from this forum that is $32,000. Sure beats trading for a living.
I feel a little like a jilted lover. Dont get me wrong dgcinc, I have gained knowledge from your post's but I feel now as though you were marketing to me, not sharing with me...does that make sense?

Go back to the start of the thread where Big E tell's us about education and forex:
I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot of good that 19 years of education is doing.
You see dgcinc, I have paid for courses from these so called mentors and I've learnt more here and on other forums than I ever did with them. (All for free!) I found that the mentor's were not very good traders or educators. They were brilliant marketers.

If you ever started your blog I would have been one of the first to sign on. I fear it wouldn't be too long before you started to steer me over to Jason Stapleton's site so I could get my trading emotions under control. I'll just buy the book he took the information from and avoid his rude, arrogant attitude.

Well, rant over. I resolve to work harder at this and hopefully contribute to the fine work Big E has created. I promise you I will never charge a cent.(or gain a cent from affiliate channels)

Cant wait for your reply dg.
As a matter of fact I hope this doesn't stop you posting here. I hope it does stop you marketing to unsuspecting newbies who trust you.
  • #11,331
  • Sep 10, 2011 6:58am Sep 10, 2011 6:58am
I have been directed to many such sites and programs since I started trading many years ago. Many have a free introduction, and many have a free area. For instance, there are many areas that your can purchase products or training on Compass, however that does not take away from the hundreds of videos available for free. So you should probably take a look at the site and what is available before you get all high and mighty.

The other problem I have with your post is that you IM'd dgcinc privately and he replied in kind. Then you feel the need to post almost his entire reply on the forum. Just what is your motive? If you have a problem with his reply, take it up with him in private.

That is the way I feel about this - it is really none of my business but then in my opinion your post should not have been made public either. But one thing that you do have right is the quality of dgcinc's posts. I also hope that he continues to help out on this thread, as he is one of a few that seems to be more interested in helping others than in hearing himself talk.

No offense meant, just my thoughts.


Quoting Vegas382
We have a saying here..."Dont piss down my back and tell me it's raining"
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I PM'd dgcinc after reading some of his brilliant post's. Here is his reply:

http://www.forexfactory.com/images/icons/icon1.gif Re: Another Fan.
[size=3][font=Calibri][font=Calibri][color=black][font=Verdana]I...
Read the entire thread BEFORE you ask questions!
  • #11,332
  • Sep 10, 2011 9:03am Sep 10, 2011 9:03am
Quoting johnami
I have been directed to many such sites and programs since I started trading many years ago. Many have a free introduction, and many have a free area. For instance, there are many areas that your can purchase products or training on Compass, however that does not take away from the hundreds of videos available for free. So you should probably take a look at the site and what is available before you get all high and mighty.

The other problem I have with your post is that you IM'd dgcinc privately and he replied in kind. Then you feel the need to...
I kind of agree with you johnami. All deeds done behind closed doors should be left behind closed doors. If some one mails you privately, it is respectable to deal with the matter privatly too, as posting DG's PRIVATE email on this public forum is crossing the line and defeating the purpose of Privacy.

I still have big respect for DG regardless as his posts are very educative indeed.

Just my two cents
Born to rule my Economic World and Make a Difference!
  • #11,333
  • Sep 10, 2011 9:15am Sep 10, 2011 9:15am
Not to change the subject but I have been working on a set of rules and will post it below. Please add whatever I may have missed or send me to where its located in this thread.
Perhaps this can help all of us new people.


1. Third candle NO ENTRY....1st or 2nd candle only...
2. 1am/4am (east coast time) I'm looking for entries on the 4-Hour. Then at 9am I'm closing any open trades on the 4-Hour.
3. Then I switch to Hourly, and at 9am/10am/11am I am looking for entries on the Hourly. At 12noon (east coast) I close all Hourly trades.
4. Candle color change starts 1st candle.
5. Check the first candle..if there has only been one or two reversal candles (at the opening of each candle) THEN you see if the TDIs crossed. Then enter the trade.
6. 12-2 o'clock position of the green when crossing red for a long entry.
7. 4-6 o'clock position of the green when crossing the red for a short entry.
8.

Thank to all to help here by the way and also thanks to any who help with this set of rules!

Jimbo
Thank you! Jimbo
  • #11,334
  • Edited 10:04pm Sep 10, 2011 9:42am | Edited 10:04pm
Vegas382
Quote
We have a saying here..."Dont piss down my back and tell me it's raining"

Whoa! First of all, I have no alterior motive as I do not gain any benefit or revenue from sharing this information. It is a sincere attempt to direct serious traders to the world of professional trading, moreover, with a group of professionals that are providing some valuable content at no cost. I myself have paid for and taken several of their courses.

Believe what you like. If I was interested in marketing or had some sinister agenda, I would have sent this message to every trader on FF or posted it for the world to see. I instead discretely shared it with 30 traders. Your attempt to "out" me is in vain. Your attempt to discredit me is a waste of time. I am a very successful pro trader that will not be affected at all by your "gotcha" mentality.

Don't castigate those of us that willingly give our time and effort, and then because we suggest something that might help, conclude that we are all conspiring to get your money. My recommendations are for the free content. Believe me - if you think that for a few thousand dollars I would rather listen to the likes of most of the traders that I have encountered in trainings and in these threads, I would much rather eat a bullet. If you perceive some arrogance there, so be it. You don't get to the top of the mountain by being a wimpy, helpless freeloader.

Clearly you are not satisfied with your plan or you would have not sent me the lengthy PM that you thought was worthy of my attention. I will not lower myself to your level by posting it on this thread. Suffice it to say you need help - for which I took personal time to consider and respond.

You can try to convince me all day long that you have learned trading for free but your PM suggests otherwise as your success to date has not satisfied your own expectations, and clearly my posts, as you stated, have provided some direction for you to rethink and perhaps redirect your efforts. Although they are free, I am not arrogant enough to suggest they alone are the secret to trading success - but they are much more substantial I am sure than any information you have provided. I can hardly wait for the free insights you will provide that will help me in my trading as I am sure they will transcend anything that has been posted to date.

My posts and experiences are real and genuine. I simply thought my good deed would be to provide a resource, albeit unsolicited for some, for the many requests I get for places to learn more from mentoring types of professionals. These folks are that type. They provided the cathartic moment in my trading and in my life and I think their talents are worthy of sharing - and when offering an opportunity at no cost, it is a worthwhile endeavor.

If you feel misled or that I am in some way disingenuous, you are very wrong. I first tried to offer you some sincere words of encouragement. I then went out of my way to clarify the reason for sending the message and the value of the training - all in private. All I can think of is that you are a selective reader or a f'ing idiot. Sorry for trying to help - and I look forward to taking your money every day in the market.

True, you might be a cynic, but your attempt to sell me out or paint me as some type of marketer are not only patently false, your imagination has gone bezerk. Your conclusions are from a mind that has trust issues and has previously suffered from substantial betrayal. What you are attempting to read between the lines is not there - so stop reading and just be thankful someone was looking out for your well being. You are welcome.
  • #11,335
  • Sep 10, 2011 10:22am Sep 10, 2011 10:22am
You will not find many, if any, posts on this thread from me. I have been following every day from the beginning.

I have 2 documents saved that I review on a regular basis... one is the PDF of Ef's posts... The other is a document I created which includes only your posts.

I want to thank you, dcginc, for your contributions and for one, will continue to want more of what you have offered.

Wayne




Quoting dcginc
Vegas382

Whoa! First of all, I have no alterior motive as I do not gain any benefit or revenue from sharing this information. It is a sincere attempt to direct serious traders to the world of professional trading, moreover, with a group of professionals that are providing some valuable content at no cost. I myself have paid for and taken several of their courses.

[color=black][font=Verdana]Believe what you like. If I was interested in marketing or had some sinister agenda, I would have sent this...
  • #11,336
  • Sep 10, 2011 10:26am Sep 10, 2011 10:26am
VEGAS382 takes the cake. dcginc has spent untold hours giving out free and very excellent advice over the past few months. I have never seen him take advantage or try and get anyone to spend any money on trading systems. He is above board in all his communications and I can't believe someone would take potshots at him. Not only should VEGAS382 be ashamed but you need to crawl back into your hole and stop wasting everyone elses time with your backstabbing crap. You have shown yourself not to be credible. As Gorden would say "GET OUT - PISS OFF"
  • #11,337
  • Sep 10, 2011 11:04am Sep 10, 2011 11:04am
Quoting tomthepoppop
VEGAS382 takes the cake. dcginc has spent untold hours giving out free and very excellent advice over the past few months. I have never seen him take advantage or try and get anyone to spend any money on trading systems. He is above board in all his communications and I can't believe someone would take potshots at him. Not only should VEGAS382 be ashamed but you need to crawl back into your hole and stop wasting everyone elses time with your backstabbing crap. You have shown yourself not to be credible. As Gorden would say "GET OUT - PISS...
2nd that
  • #11,338
  • Sep 10, 2011 12:09pm Sep 10, 2011 12:09pm
Quoting 33drifter
EMA 3 and EMA 96 to be exact. works a charm during ranging times haha
Close, but it is actually 3 & 24, different setting for each pair; see if you can figure out the EUR-USD, you TMS guys don't seem to be reporting many pips on that pair?
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It takes a lot for me to IGNORE you, but you can try.
  • #11,339
  • Sep 10, 2011 12:17pm Sep 10, 2011 12:17pm
Originally Posted by tomthepoppop http://www.forexfactory.com/images/buttons/viewpost.gif
VEGAS382 takes the cake. dcginc has spent untold hours giving out free and very excellent advice over the past few months. I have never seen him take advantage or try and get anyone to spend any money on trading systems. He is above board in all his communications and I can't believe someone would take potshots at him. Not only should VEGAS382 be ashamed but you need to crawl back into your hole and stop wasting everyone elses time with your backstabbing crap. You have shown yourself not to be credible. As Gorden would say "GET OUT - PISS

Quoting Tedge UK
2nd that
Me too.
  • #11,340
  • Sep 10, 2011 12:23pm Sep 10, 2011 12:23pm
Quoting XxLessoxX
wow man!!!!! Moving averages and parabolic sar!!!! You should start a thread because everyone cares what you think about and stuff........dude, seriously start a new thread with your holy grail of the week....no one could give a rats ass here.
EDIT....do greeks understand sarcasm?.....I think the word has greek origin....ah whatever
It is a Super Trend actually, not PSAR, and what are you saying? it is not complicated enough for you, not enough indicators to make money?

You are pretty tough, here is a challenge, post your last 5 live trades and back up your system - here are mine !!
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It takes a lot for me to IGNORE you, but you can try.
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