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Trading Made Simple

  • #11,821
  • Sep 22, 2011 2:55am Sep 22, 2011 2:55am
Quoting amiralifx
buy gbpusd h1
I hope it will work for you. I wouldn't enter here - just look at two other "Amigos", EURUSD and AUDUSD. Good luck, anyway.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,822
  • Sep 22, 2011 2:57am Sep 22, 2011 2:57am
Quoting fufighter
I was just entered G/C on 4 hours ( just saw it) current + around 30-40 pips. Hope it make up to -40 loss this morning from G/A lol!
Nice! But I don't watch this pair, the spread is too big. Do you have a good spread?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,823
  • Sep 22, 2011 3:12am Sep 22, 2011 3:12am
Quoting Favorite
I hope it will work for you. I wouldn't enter here - just look at two other "Amigos", EURUSD and AUDUSD. Good luck, anyway.
I was about to say the same. Look like E/U start to continue down trend now...

About G/C , yeah it's indeed big. I trade with Fxopen and it's 10 pips, i dont think i'll enter with those spread anymore. i forgot to see the spread when i click order lol!
  • #11,824
  • Sep 22, 2011 3:19am Sep 22, 2011 3:19am
Quoting amiralifx
buy gbpusd h1

Attachment
Hi,
i'm in the same trade the chart looks nice at that time but now is completely different, actally i'm 30 pips down
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-22 Live Trade GU.jpg Size: 140 KB
  • #11,825
  • Sep 22, 2011 3:20am Sep 22, 2011 3:20am
Quoting fufighter
About G/C , yeah it's indeed big. I trade with Fxopen and it's 10 pips, i dont think i'll enter with those spread anymore.
My G/C spread is 4.2, but for me even this is too high.


Quoting fufighter
i forgot to see the spread when i click order lol!
That's what I thought! Nice trade anyway!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,826
  • Edited 3:31am Sep 22, 2011 3:21am | Edited 3:31am
Quoting Favorite
I hope it will work for you. I wouldn't enter here - just look at two other "Amigos", EURUSD and AUDUSD. Good luck, anyway.
thanks . i entered only by system and I didnt saw audusd & eurusd.

good luck
  • #11,827
  • Sep 22, 2011 3:22am Sep 22, 2011 3:22am
Quoting Favorite
Nice! But I don't watch this pair, the spread is too big. Do you have a good spread?
Favorite, when you scrap on 5 min chart did you use the same rules with 4H?

wait for TDI cross and enter then exit when it reach 32,68 or TDI change?

Thanks mate!


PS. G/C 4.2? which broker do you use?
  • #11,828
  • Sep 22, 2011 3:23am Sep 22, 2011 3:23am
Well, it's not the best TMS-day, and at 8:30 we'll have "Unemployment Claims". I think I'm done for today. I'm glad that I scalped M-5 and made very nice pips.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,829
  • Sep 22, 2011 3:25am Sep 22, 2011 3:25am
Quick look at TDI and Stochastic.

As you can see TDI and Stochastic give exactly the same signal so why you have to use TDI?
If you just enter at TDI cross without analyse the market and the trend you loose money like me with GU just 1 hour ago.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI-Stochastic.jpg Size: 143 KB
  • #11,830
  • Sep 22, 2011 3:28am Sep 22, 2011 3:28am
Quoting fufighter
Favorite, when you scrap on 5 min chart did you use the same rules with 4H?

wait for TDI cross and enter then exit when it reach 32,68 or TDI change?
No, I have a completely different system for M-5 scalping only, with stochastics and HA candles. It has nothing in common with TMS.


Quoting fufighter
PS. G/C 4.2? which broker do you use?
I'm currently with ITFX. They have very good spreads.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,831
  • Sep 22, 2011 3:31am Sep 22, 2011 3:31am
Quoting amiralifx
thanks . i entered only by system and i dont see audusd & eurusd.
I'm glad to help. Big E always says we have to look at "Three Amigos", they are supposed to give the same signal, then it is a good signal.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,832
  • Sep 22, 2011 3:36am Sep 22, 2011 3:36am
Hi Everyone,

I have been using this method for the past couple of months at first it looks very simple but if you do not follow the rules it can be tricky system to use, anywayz the system can very effective, the trick is to master the system on the demo account first, treat your demo account like its your real account and then once you have master this step them transfer it your live account, and it should take out all the stress,

Ps i will post up my results soon on so keep an look out,

cashforex !!!!!!!!
  • #11,833
  • Edited 4:18am Sep 22, 2011 3:42am | Edited 4:18am
Hi All
I've been ploughing my way through this thread and have started trying it on Demo. Here's my first which I closed at resistance for 30 pips, and currently am in Aud/Usd up 29 pips. Big thanks to Eelfranz.

AUD/USD Closed out for +58 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade1.png Size: 33 KB
Click to Enlarge Name: Trade2.png Size: 34 KB
  • #11,834
  • Sep 22, 2011 3:57am Sep 22, 2011 3:57am
Hi Simmo24

Thats what im talking about you do not need to go for big profits, i settle with anywhere 20- 30 pips or even 15-18 in profit i will close the trades once they are in profit, its all about making your account grow over period of time

good to see you making some pips, oh yeah i only trade the 1H time frames
  • #11,835
  • Sep 22, 2011 4:31am Sep 22, 2011 4:31am
What TP put when use the Trading Made Simple, if I don’t stay on platform.
Thanks
  • #11,836
  • Sep 22, 2011 4:59am Sep 22, 2011 4:59am
Quoting cashforex
Hi Simmo24

Thats what im talking about you do not need to go for big profits, i settle with anywhere 20- 30 pips or even 15-18 in profit i will close the trades once they are in profit, its all about making your account grow over period of time

good to see you making some pips, oh yeah i only trade the 1H time frames
Yes thats right 20-30 pips/day +88 for today so thats a good start, lets see if I can keep this up and I may re-open my live account.
cheers
Simmo
  • #11,837
  • Sep 22, 2011 5:41am Sep 22, 2011 5:41am
Quoting cashforex
Hi Simmo24

Thats what im talking about you do not need to go for big profits, i settle with anywhere 20- 30 pips or even 15-18 in profit i will close the trades once they are in profit, its all about making your account grow over period of time

good to see you making some pips, oh yeah i only trade the 1H time frames
Good to make the account grow I say.

I do have one question, do you also then use the same Stop Loss for those trades? (15-30pips)

The reason I ask is that on the 1h time frame if you enter via rules to match closely the frame of this system the SL range anything from 20-100 pips.

In the long run this will have some drawdown as SL will accumulate to more than your profits.

If you have a Risk:Reward that is 1:1 or better than I would say perfect but less... that is another story.

  • #11,838
  • Sep 22, 2011 6:12am Sep 22, 2011 6:12am
Quoting bobowang
Another huge thread!
Is there anybody here can show his/her successful trade performance in FF's trade explorer?
That will encourage everybody to read this huge thread.

I just read through first 40 pages(tough job). It looked like Big E added several conditions here and there to this method. I am really confused. It looks like this strategy depends on experience, still a little bit subjective.

and also I can't figure out the average pips of stop loss and take profit. If anybody can show his performance in trade explorer, then...
TRADE EXPLORER is not mention very much in this thread but seems ideal. I have never used it before, but I just added a DEMO account to my profile; can someone have a look and report how it look to them, please?

I think that is the only way to view it, wonder if a link can be added to signature?

Check out the trades from August 29, 2011 to now, thanks
OPPORTUNITY IS NOWHERE
  • #11,839
  • Sep 22, 2011 6:30am Sep 22, 2011 6:30am
Quoting AdryLeo
What TP put when use the Trading Made Simple, if I don’t stay on platform.
Thanks
What is a Trading Plan?

3 Key Decisions

So let me simplify this for you. There are three key decisions you need to make when trading and if your trading plan answers each question, then you may have the makings of a simple yet robust trading plan.

Your trading boils down to the following:

  1. Under what circumstances will you enter a trade?
  2. How much money will you commit to the trade?
  3. Under what circumstances will you close the trade?

Never picture your trading plan as a detailed document containing pages and pages of information because then it will overwhelm you and may deter you from compiling one in the first place.

Think in the simple terms above and once you have answered the above questions, then you can add some detail to it as time goes by.

A trading plan is simple, easy to execute, and most importantly suits you and your personality.

OPPORTUNITY IS NOWHERE
  • #11,840
  • Sep 22, 2011 8:26am Sep 22, 2011 8:26am
Quoting AdryLeo
What TP put when use the Trading Made Simple, if I don’t stay on platform.
Thanks
TP=900 pips give or take
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