Trading Made Simple | Page 613 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #12,241
  • Oct 3, 2011 1:48am Oct 3, 2011 1:48am
Quoting X-Man
Hi guys

During Sept 2011 I took a total of 37 trades
Trades won 30
Trades lost 6
Trades that broke even 1

80% win rate using TMS

Total pips for the month 1247

Happy pippin for the month of Oct

Very nice numbers X-Man, are you following the TMS rule on it's own or do you have your own twist?
  • #12,242
  • Oct 3, 2011 4:58am Oct 3, 2011 4:58am
thanks juliant, I use TMS strictly nothing else. Using original indicators.
The rest is my edge by learning basic forex at babypips.com like pivots , fibonnaci , trends etc which comes in handy when trading TMS.
Other than that I developed my own edge with the correct state of mind (psychological).
I'm in the zone. I dont flood my zone with unnecessary info and don't allow people to influence me ,I make my own decisions.
At times when you go to the interactive trading forums you will notice 1 person will say go long or short then everyone will follow him like sheep even though their trading system not showing them the signals but they just follow because they don't have their own edge. These are the 95% that keep blowing their accounts .

I only trade 4H TFs which I personally feel there is less fake entries compared to the 1H tf.
The only problem is the waiting for a signal, you have to wait like a sniper and when the time is right you pull the trigger but the rewards are worth it.
X-man the legendary conqueror of markets
  • #12,243
  • Oct 3, 2011 5:14am Oct 3, 2011 5:14am
interesting and I agree with mostly what you say.

Personally I'm 'trying' to be a purist with a twist, I use the 1 HrTF to get in and if it runs well then use the 4Hr TF to allow it to run longer in general trend direction...

Having said that I've really only been 'live' for a week so time will tell....
  • #12,244
  • Oct 3, 2011 5:31am Oct 3, 2011 5:31am
Quoting X-Man
At times when you go to the interactive trading forums you will notice 1 person will say go long or short then everyone will follow him like sheep even though their trading system not showing them the signals but they just follow because they don't have their own edge. These are the 95% that keep blowing their accounts .

I only trade 4H TFs which I personally feel there is less fake entries compared to the 1H tf.
The only problem is the waiting for a signal, you have to wait like a sniper and when the time is right you pull the trigger but the...
Thanks for sharing this.

Re trading forums -I have a similar experience off Twitter where i have got into the habit of following a few active traders. There is a tendency towards scalping on smaller TF and often their calls are good and profitable. I have had losses following them because invariably my entries have been too late after doing my own analysis on their call.

Whilst I have turned some profit and learned some valuable insights I allowed myself to become distracted and influenced by others as you say and paid the price. Lesson learned.

Did you concentrate on one pair or multiple pairs to achieve the 30 winning trades?
  • #12,245
  • Oct 3, 2011 5:33am Oct 3, 2011 5:33am
Yeah if you know what your doing then go for it don't let me or anyone else tell you otherwise just be consistent and strict.
I see it like soccer players, every soccer player can obviously play soccer but they all have their own unique style of playing and if you compare the top 10 soccer players in the world you will see they all successful but have their own playing style and developed their own edge.
X-man the legendary conqueror of markets
  • #12,246
  • Oct 3, 2011 5:35am Oct 3, 2011 5:35am
Quoting biganc
Attachment

Attachment

I have had very good success trading eelfranz template using the 4hr tdi crossing the rsi at the 2 or 4 o'clock position and entering on a 5 minute chart pullback using macd to determine the pullback. I have not lost a trade using this entry method in 4 weeks. If the trade moved against me
after entering, I would check to make sure the 4hr tdi was still in the 2 or 4 oclock position and add to the trade.
Please Biganc,

Can you explain your method a little more?

Do "the 2 or 4 o'clock position" means crossing red / green for a Long?

What are the settings of the MACD?

Best regards

Vcary
  • #12,247
  • Oct 3, 2011 5:53am Oct 3, 2011 5:53am
I trade anything that I see good and solid.
At the beginning of Sept CHF was very good made lots of pips there.
My other usual pairs are eur/usd, gbp/usd, eur/aud, eur/gbp , eur/jpy , gbp/jpy, usd/cad and waiting for the chf pairs to come right again.

When I open up my trading platform the 1st thing I look at TDI for crossovers, browse the charts quick, if theres no crossovers I right down the currencies that looks like its going to crossover in the next few hours so I will remember to have a look at it later and I also note down the currencies thats in the 32 or 68 zone because I know that it will be time for them to go in the other direction.
If i see retractements I take out my fibb and make some easy pips there.
X-man the legendary conqueror of markets
  • #12,248
  • Oct 3, 2011 6:10am Oct 3, 2011 6:10am
I watch for the TDI indicator to cross through the red rsi at the 2 or 4 o'clock position. I also make sure the candle is below or almost below the
yellow 5ema for 4 o'clock and above or almost above the 5ema for the 2 o'clock position. I wait for a pullback on the 5 minute chart. I base my pullback completion on the macd 12,26,9. With a little chart watching you can observe when the macd is showing the pullback completion. Even if you think the pullback is complete, you enter the trade and it moves against you, I check to make sure the tdi is still in the 2 or 4 o'clock position. If it is, it gives me the confidence to enter another position, because it just means the pullback has a little bit of steam left in it. It is going to turn, just not quite yet. If I am in a trade, and the tdi begins the move to the 3 o'clock position, I would exit the trade. However, so far for me, that has not happened. To date, I have had all winners. I'm sure I will not always have this amount of success.
  • #12,249
  • Oct 3, 2011 6:12am Oct 3, 2011 6:12am
2 o'clock for a long and 4 o'clock for a short
  • #12,250
  • Oct 3, 2011 6:45am Oct 3, 2011 6:45am
"The point of your arithmetic example was to suggest that 10 straight losses at 10% was not so bad."

Wrong. Neither I nor the scalper ever suggested that 10 straight losses wasn't bad, he was showing that you can survive losses however bad they might be. And it was not my suggestion to trade this way either, after 2 straight losses I am out for the day. This "discussion" is over for me as I don't want to start another hissing contest such as we have seen in earlier pages. Good luck all. p
  • #12,251
  • Oct 3, 2011 7:13am Oct 3, 2011 7:13am
Last night at 23:00 CDT, new D. time frame, I sold the gbp/usd @ 1.5527. It was the 3rd red candle but the 1st after a TDI cross; I don't recall if this was ever discuss in the rules and the cross is a little weak but the market seems to favor the USD right now. SL @1.5715 and TP @ 1.5327 (I zoomed out and saw an old support area in Oct 2010, the basis for TP).

It has been up and down from the entry with no great movement but lots of time for it to play out. Hope you all have a good trading day, p.
  • #12,252
  • Oct 3, 2011 7:34am Oct 3, 2011 7:34am
Quoting biganc
2 o'clock for a long and 4 o'clock for a short
thank you, very nice from you

Good Trades!

Best Regards
  • #12,253
  • Oct 3, 2011 7:46am Oct 3, 2011 7:46am
on topic, today entry
Attached Image (click to enlarge)
Click to Enlarge Name: sell_gbp_jpy_01.gif Size: 35 KB
OPPORTUNITY IS NOWHERE
  • #12,254
  • Oct 3, 2011 8:00am Oct 3, 2011 8:00am
this is best open trade, see my Explorer
Attached Image (click to enlarge)
Click to Enlarge Name: sell_eur_usd_01.gif Size: 37 KB
OPPORTUNITY IS NOWHERE
  • #12,255
  • Oct 3, 2011 8:13am Oct 3, 2011 8:13am
Quoting Callisto
this is best open trade, see my Explorer
Do you ignore stochs or just didn't post with your pics?
  • #12,256
  • Oct 3, 2011 8:40am Oct 3, 2011 8:40am
Quoting piprac
Do you ignore stochs or just didn't post with your pics?
Yes, that's correct, less indicators, more price action, money management, accept the risk, place the trade, market will do what it wants, all I have is an edge
OPPORTUNITY IS NOWHERE
  • #12,257
  • Oct 3, 2011 8:57am Oct 3, 2011 8:57am
Quoting biganc
2 o'clock for a long and 4 o'clock for a short
hi, nice job done with your trades. are you trading just hours that BigE stated, or you take h4 crosses during Asian session as well?
  • #12,258
  • Oct 3, 2011 9:03am Oct 3, 2011 9:03am
Picked up some pips during the Asian session, but that's quite slow. 193 odd pips today all up. Price action and trading with the trend rocks. Where's that wheelbarrow?

Good trading to you.
'Fail to plan, plan to fail'
  • #12,259
  • Oct 3, 2011 9:48am Oct 3, 2011 9:48am
Quoting Guitarbloke
Picked up some pips during the Asian session, but that's quite slow. 193 odd pips today all up. Price action and trading with the trend rocks. Where's that wheelbarrow?

Good trading to you.
Coming right behind you, look out !!!
Attached Image (click to enlarge)
Click to Enlarge Name: sell_gbp_usd_01.gif Size: 69 KB
OPPORTUNITY IS NOWHERE
  • #12,260
  • Oct 3, 2011 12:56pm Oct 3, 2011 12:56pm
Quoting X-Man
I trade anything that I see good and solid.
At the beginning of Sept CHF was very good made lots of pips there.
My other usual pairs are eur/usd, gbp/usd, eur/aud, eur/gbp , eur/jpy , gbp/jpy, usd/cad and waiting for the chf pairs to come right again.

When I open up my trading platform the 1st thing I look at TDI for crossovers, browse the charts quick, if theres no crossovers I right down the currencies that looks like its going to crossover in the next few hours so I will remember to have a look at it later and I also note down the currencies...
What session do you trade
85 traders viewing now, 2 are registered:
rogantin
,
NovemberMan