Trading Made Simple

Yes, thanks,I see what you mean and the value in your approach.

I often find that in evaluating each trade in order to find only grade A entrys its easy to find good reasons to discard opportunities that then go on to win big. This is the skill that has to be developed of course but it is frustrating and seems to happen to me more than it should as often the day has gone by with no trades placed and tons of pips have gone by.

Hi guys

I just want to say that im glad that some of you'll are inspired by me and by my small efforts. Hopefully we all can go a long way in trading successfully by inspiring each other and helping each other out.

Today the market has no direction the candles are small and shitty, hopefully something nice will come my way but for now just sitting on the side lines for now.

For this I got up before the sun comes up.

whats up with markets today?

Nothing...Trading Made Simple has its limits at the basic level and understanding of it...There is a way to trade all day with this same exact trading program...just take it to lower time frames and analyze

News coming out of Slovakia today will be pivotal for the Eurozone. I heard on a webinar this morning that theres also a rumour flying around now that Greece may be cut loose from the Euro and not get its hoped for bail out.

Traders with many years experience are saying that this is a quite extraordinary time for the markets and to be trading in. So much influential stuff going on to affect currencies

Hello Forexcube,
I'm a newbie in this forum and I would like to learn more.
In oder to understand better I have to open the attached files, while I could
not due to the lack of the mq4 and tpl file opener.
Could you help to upload it for me please ?
I really appreciate your help very much.

Best regards,
veryspecial1

Hi All, I've been reading this wonderful thread for quite some times. Trying to trade according to the rules in demo but the result is not as I expected yet.

From several pairs that I trade, I take the A/U pair of current price to seek enlightenment from more experienced traders.

I entry a short on the red candle marked with long 'Lime' arrow. With below considerations:
1. Green has cross Red on TDI
2. The first red HA candle is not a 'small' candle
3. Stoch pointing down and still between 68 - 50 area
4. PA just hit a resistance at 1.0015

Now the trade is at -57 as I type with the third HA candle turn to white and the TDI Green line become flat, would you quit this trade or wait?

Did I get the entry point right? or should I entry at the left red candle instead?

Thanks in advance for answers.

assuming your SL is your affordable risk, then why quit the trade? before entering the trade, you already know that's the amount you're willing to risk. Review trades that hit SL. That's when you know whether your entry was good or bad.

@Neosaladin: I entered the same trade. Before this trade I had entered and completed a USD/CAD trade for the same scenario. Then I noticed that both pairs strongly correlate, which for me invalidated the trade idea for AUD/USD and I quit at breakeven.

I think your trade idea is good. We see a resistance and price is supposed to drop down from it. TDI angle is good. As per the rules of BigE I think you will have to quit the trade, because the TDI will hook and we will even see a candle colour change.

I don't understand why it is a failed trade, the setup looked very good to me.


@sgpips: I disagree. The SL is for worst case scenario. If we let hard SL get hit everytime, then I don't think this system will be profitable. BigE states that we should exit at TDI flat, hook, candle colour change -- which usually all happen long before hard SL is hit.

I am still learning the system, however, I would have been more comfortable entering the trade if the green tdi line was still pointing to the 4 o'clock position. In the snapshot it is pointing to the 3 o'clock position which indicates it is losing some of its downward strength.

Thanks for sharing your view sgpips & Kagawa.

One reason i can think of why it fail is that A/U is in ranging today, it only range 102 pips from hi to low for today. IMHO, This system doesn't work well in ranging market. Well, too bad I didn't notice it before entering the trade.

This particular trade failed cause the H4 candle was a simple fakeout - if you watched the daily chart you would have realised it and stepped aside until D1 confirmation or H4 turns back to become blue.

yup, it really depends on your trading style. do be wary of emotions running loose when you exit a loosing trade on TDI, and bounced in your direction. encountered quite a few esp on H4 time frames.

Thank you for the analysis, Hedayat.


I hope you can answer a question about how to define D1 confirmation.

- Do you refer to a daily trend for confirmation? In this context I would define 'trend' simply as several candles having the same colour. Let's say: at least 3 or 4 candles.

- Or do you refer to todays candle only? Regardless of what colour yesterdays and the previous candles had?

For those that have asked, here is the ATR indicator

Set colour to "none"

Set Periods to 7

Set Multiplier to 1 - this willl give you the ATR over the past 7 time periods

If you want to use ATR to set SL / TP levels, adjust your multiplier accordingly

Run your backtests and determine whether this fits your trading plan - verify your max drawdown to determine whether you need to adjust your multiplier on the ATR - for ranging markets I am using 1XATR for SL and TP1 - 3XATR for TP2, or you can look at manually resetting you SL after each new candle starts to form.

Lastly - go read dcginc's posts on the ATR approach for SL/TP

Hmm, I took a long on that this morning ~10:30 am (gmt+1) looking at the D1..
I keep trying to stick to a tf and I know I was thinking differently this morning but now, looking at your almost perfect short setup, I lost my confidence.
The thing is I was looking long so I went really small just to "send some probes" and stack on if my plan works...

PA made a nice pinbar just before the w/e and came back with good momentum since week open. I didnt rush to enter long on Monday cos we were close to parity which I thought would play strong resistance, (and we did test it with a day high of 1.00124 even ), but couldnt close above (I thought - profit taking) . So I waited..
I was late getting online Tuesday so missed the open but when I got here I saw we opened half a pip higher than yesterdays close and I went long @99575 without even waiting for some pullback.
I had a feeling we would test the 1.0000 again and could break it, and if we did we could have a nice reversal of Septembers downtrend and going up at least to the Fib 50 level, so I set a TP for 1.0055 (a few below Fib 50) with a sl at 9855. I know its almost 100 pips but its 0.01 lots (a penny a pip) and Im on daily tf going for a nice uptrend to stack on some more once Im confident enough.
Actually I took two longs together and left the other one with no tp. Both for 0.01 so 0.02 my total position.
Basically I planned on watching the positions so the SL was emergency in case something drastic happens while Im not online. And on the second position I was thinking the same, but in terms of making a break to the long side - so no tp. Anyways..
TDI was looking good with the trade signal line and rsi coming up from <32.
RSI (green line) was coming up from below 32 as well, and was diverging nicely from red with a 2 oclock angle.
Also the RSI had just crossed 50 going up, and mbl was hovering below 50 for the past month. All these things made it seem to me that we had room to move, if we can just get through that big 1.00 resistance..
Stoch looking good as well. Coming up from a long oversold period. Just above 80 level.

I realize that if I had been nitpicking, going through all the tf's 1000 times again and again like a psycho, I may not have taken that trade seeing the h1. But I consciously forced myself to ignore the short tf's and stick to my plan. Not sure if that will end up being good or bad, but as I am typing this we are still right here, and RSI seems to be going soft on me.. .
Im gonna stay though as Im not risking much, and I think it still looks good on paper..

Im embarrassed to even say how new I am to all of this, and I realize I have ALOT to learn. I haven't slept more than 3 hours a night since I "discovered" forex trading and my brain is melting from information overload.
The last time I posted I was slapped into reality by some of our veterans here (justly) but I wont get into that. As it was a couple weeks ago and sent me crying for my mama. The thing is, that the more Ive been wracking my brain and trying to learn more, the less confident I feel. So after being away from this thread for a few days, and now coming back, I find it hard to explain how safe and comforting it feels, and I now realize that the reason I was so elated the first week, (besides being 25% up in my account, but that was with risking way too much and basically a fluke) was that when I knew no better, I didnt bother with too much info, just like Eelfranz has been basically shouting at us all since the very get go - to spot the good setups and jump in.... Bah this is getting stupid long, sorry.
Anyways here's my chart (next post), any input would be well appreciated.
I hope my post is comprehensible.
Thanks for reading.

we will have to wait for Home Loans news to know new direction

Yes was just looking at that. Also I guess not much movement at least till asian market opens.
Well I left room to breath so Im sticking to my plan. Really its peanuts, even if Im stopped out.
I have to get some sleep so guess Ill have a suprise in the morning...