Trading Made Simple | Page 662 | 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

  • #13,221
  • Edited 8:01am Nov 4, 2011 7:30am | Edited 8:01am
Ther is not every day to trade.

Today it is probably one of those days when it is better just to watch
Especially now that are very important news for the USD, CAD, and EU.
  • #13,222
  • Nov 4, 2011 8:05am Nov 4, 2011 8:05am
9AM GMT to 1PM GMT Live Trading
Result at Close
G/U -26 pips
A/U -18 pips
G/J -32 pips
U/C -18 pips
Total Minus 94 pips

it's okey
  • #13,223
  • Nov 4, 2011 8:05am Nov 4, 2011 8:05am
Quoting darkopo
Ther is not every day to trade.

Today it is probably one of those days when it is better just to watch
Especially now that are very important news for the USD, CAD, and EU.
yesterday was also a day, trading should not be considered.
  • #13,224
  • Nov 4, 2011 8:07am Nov 4, 2011 8:07am
Quoting geosanuy
Basically set TP and went to sleep (Atlantic TMZ), not live monitoring, works for me.
I do it the same way. Monitoring trades is demanding...
  • #13,225
  • Nov 4, 2011 8:57am Nov 4, 2011 8:57am
This week trades:

Total trades: 10

Win: 7 (+ 552 pips)
Loss: 3 (- 62 pips)

Net profit: + 490 pips

  • #13,226
  • Nov 4, 2011 8:59am Nov 4, 2011 8:59am
Quoting helppip
9AM GMT to 1PM GMT Live Trading
Result at Close
G/U -26 pips
A/U -18 pips
G/J -32 pips
U/C -18 pips
Total Minus 94 pips

it's okey
With the way most of the pairs often move in tandem, you have the potential for big gains yes, but also the very real potential for simultanious losses on all. I have experienced this personally with a live account. A run of losing trades can wipe you out. Say you have a 2% risk on each position and all four get stopped out on a news spike - you just lost 8% on what was essentially one move in the market. I had that happen to me twice in one weird session and lost a lot of real money quickly and efficiently.

The good news is that this system really does give good entries! If you are conservative (I only trade one pair/position at a time now) and smart (always seek at least 1:2 risk-to-reward) you can find your account growing each week.

Just my two cents and personal opinion, that's all. I hope this helps someone in this forum stay in the game longer and prosper!
  • #13,227
  • Nov 4, 2011 9:55am Nov 4, 2011 9:55am
Quoting kijkij
This week trades:

Total trades: 10

Win: 7 (+ 552 pips)
Loss: 3 (- 62 pips)

Net profit: + 490 pips

Nice do see , how you do.
If you want help other's:" If you enter to trade, let other's see, when you enter, then other's can enter too and make some money".
Do you trade live account or Demo?
  • #13,228
  • Nov 4, 2011 9:57am Nov 4, 2011 9:57am
Quoting FXSurf
With the way most of the pairs often move in tandem, you have the potential for big gains yes, but also the very real potential for simultanious losses on all. I have experienced this personally with a live account. A run of losing trades can wipe you out. Say you have a 2% risk on each position and all four get stopped out on a news spike - you just lost 8% on what was essentially one move in the market. I had that happen to me twice in one weird session and lost a lot of real money quickly and efficiently.

The good...
Trading live account is not that if you trade Demo account.
  • #13,229
  • Nov 4, 2011 10:08am Nov 4, 2011 10:08am
Quoting FXSurf
With the way most of the pairs often move in tandem, you have the potential for big gains yes, but also the very real potential for simultanious losses on all. I have experienced this personally with a live account. ........
If you are conservative (I only trade one pair/position at a time now) and smart (always seek at least 1:2 risk-to-reward) you can find your account growing each week.
Thank u so much for this kind of thought provoking good advice.
Sure i will give it a try to play with only one pair at a time, but Dear Brother, can u tell me which pair do u personally prefer at most of the time ?
May be it depends on position and TDI but i personally love to play with G/U, like this do u prefer any pair at your way?
Thats it.
LOL
  • #13,230
  • Nov 4, 2011 11:03am Nov 4, 2011 11:03am
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4 hour 11-3-2011.gif Size: 76 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gu 1 hour 11-3-2011 entry setup.gif Size: 73 KB


I want to thank X-Man for starting skype room and for answer to my simple question awhile back when I start to look at this system. It help peak my interest plus so many people having success with it... It was not long when I realized where TDI come from as I had purchased the system many months ago and gave up out of frustration with to many indicators and no successes....so I am lucky that I have access to many videos about how to trade with TDI that part of purchase....so I start to watch them this week and learn what importance lines 32 50 & 68 have also the role played by bollinger bands...Then I listen to X-Man in skype room explain how to look for trade Set Up on 4 hour and then enter on 1 hour.....so today I look for a trade set up from this past week on GU and I find one as you see in the charts on post here....This just analysis method to practice and practice to identify opportunity....now maybe I have a foothold to a system that really work more than not work...also disregard other indicators and arrows there not transferable
  • #13,231
  • Nov 4, 2011 11:04am Nov 4, 2011 11:04am
Quoting x58
Nice do see , how you do.
If you want help other's:" If you enter to trade, let other's see, when you enter, then other's can enter too and make some money".
Do you trade live account or Demo?

IMO, one should never enter a trade just because someone else did, enter when your trade conditions are met.
Read the entire thread BEFORE you ask questions!
  • #13,232
  • Nov 4, 2011 12:12pm Nov 4, 2011 12:12pm
Quoting Geges
Attachment

Attachment

I want to thank X-Man for starting skype room and for answer to my simple question awhile back when I start to look at this system. It help peak my interest plus so many people having success with it... It was not long when I realized where TDI come from as I had purchased the system many months ago and gave up out of frustration with to many indicators and no successes....so I am lucky that I have access to many videos about how to trade with TDI that part of purchase....so I start to watch them...
Could you share your thoughts which you have learned on trading the TDI from your previous course?

Thanks,

Bobby
  • #13,233
  • Nov 4, 2011 1:09pm Nov 4, 2011 1:09pm
live trading

buy eurusd h1

Attached Image (click to enlarge)
Click to Enlarge Name: 20-buy eurusd h1.gif Size: 43 KB
  • #13,234
  • Nov 4, 2011 1:17pm Nov 4, 2011 1:17pm
Here another analysis

Attached Image (click to enlarge)
Click to Enlarge Name: au 4h 11-4-2011.gif Size: 67 KB


Attached Image (click to enlarge)
Click to Enlarge Name: au 1hour 11-4-2011.gif Size: 65 KB
  • #13,235
  • Nov 4, 2011 1:20pm Nov 4, 2011 1:20pm
Quoting rrobichaux
Could you share your thoughts which you have learned on trading the TDI from your previous course?

Thanks,

Bobby
I just try to learn now...or relearn

Before it didn't make sense now it makes sense...

I will study charts alot for I now know what to look for

Have Good weekend

G
  • #13,236
  • Nov 4, 2011 1:23pm Nov 4, 2011 1:23pm
Quoting helppip
Thank u so much for this kind of thought provoking good advice.
Sure i will give it a try to play with only one pair at a time, but Dear Brother, can u tell me which pair do u personally prefer at most of the time ?
May be it depends on position and TDI but i personally love to play with G/U, like this do u prefer any pair at your way?
Thats it.
LOL
Very glad that you have found some inspiration there and I hope it helps all who are live - or thinking about soon moving into a live account. I did trade this method for a while in demo as someone suggested and made huge pips (200-400weeks). But demo is different in that you can enter everything that looks decent without any real risk. Put your savings into a brokerage account and things somehow change...

Since my big face-plant, I am currently just trading the EUR/USD on the 15min and/or Hourly TMS setups during 8am to about 2pm EST and have been making about +100 pips a week regularly in a live account without much stress. Anyone who is realistic and knows the forex well will tell you that +100 pips a week is great! I'm not trying to tell anyone to trade one pair or one time frame, just that you need to be aware of the potential for a train wreck if you pile too many orders on all at once in a live account. -Best of luck!
  • #13,237
  • Nov 4, 2011 1:41pm Nov 4, 2011 1:41pm
Quoting amiralifx
live trading

buy eurusd h1

Attachment
Hi Amiralifx your trade appears to be countertrend.
Hopefully it'll swing around for ya!
Attached Image (click to enlarge)
Click to Enlarge Name: Amigos.PNG Size: 83 KB
Financial independence is what I live for
  • #13,238
  • Nov 4, 2011 2:04pm Nov 4, 2011 2:04pm
Quoting amiralifx
live trading

buy eurusd h1

Attachment
Hi amiralifx,

Is there a reason why you chose the buy now rather than the sell at the previous TDI cross?

I missed it BTW
We're all just one trade away from humility.
  • #13,239
  • Nov 4, 2011 2:11pm Nov 4, 2011 2:11pm
Quoting amiralifx
live trading

buy eurusd h1

Attachment
Did You set SL/TP ratio as of 2/1 here ?
  • #13,240
  • Nov 4, 2011 2:21pm Nov 4, 2011 2:21pm
Quoting FXSurf
Very glad that you have found some inspiration there and I hope it helps all who are live - or thinking about soon moving into a live account. I did trade this method for a while in demo as someone suggested and made huge pips (200-400weeks). But demo is different in that you can enter everything that looks decent without any real risk. Put your savings into a brokerage account and things somehow change...

Since my big face-plant, I am currently just trading the EUR/USD on the 15min and/or Hourly TMS setups during 8am to about 2pm EST and...
It always amazed me with my demo account that I could make 750 pips by trading 6 or 7 pairs.

With real money, not happening. This just pulls on the emotions and you end up making dumb decisions and you run into the over trading issue and blow your account - sound familiar to all you seasoned veterans?

With live trading, start with smaller amounts and one or two currencies - keep to the trading plan / MM plan and then after a few months of solid profits, move the amounts higher but keep to the MM plan.

This is a process that you cannot rush - tortoise and hare approach really.
"To live with Passion, it takes Courage and Grace to survive"
64 traders viewing now