Trading Made Simple | Page 672 | 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

  • #13,421
  • Nov 10, 2011 2:10am Nov 10, 2011 2:10am
.. one more question:

if EU reverses today in a short term upward trend, would you pick this signal? I mean, there is some space to upper consolidation :-).
  • #13,422
  • Nov 10, 2011 2:50am Nov 10, 2011 2:50am
Quoting jbudd
Been watching this thread for awhile now. I too am trading daily charts. Great if you work full time and can't watch all the time. I also end up exiting too soon, but still making pips. I think it's time to start looking at using a TS.

Happy trading all
Please forgive me... What is a TS?
"IN CASH WE TRUST"
  • #13,423
  • Nov 10, 2011 2:55am Nov 10, 2011 2:55am
Quoting LazyLobster
Please forgive me... What is a TS?
Trading System ?
It takes a lot for me to IGNORE you, but you can try.
  • #13,424
  • Nov 10, 2011 3:00am Nov 10, 2011 3:00am
Quoting geosanuy
Whether this happens or not is up to us, we are posting about Trading Made Simple System and we should keep it that way.
It can be very detrimental to the aspěring trader to see that the more experienced use BB's, Starc, Fractals or whatnot...
They interpret it as this guy uses so & so and is successful, let me get that and apply it...what they are not considering is that the other guy has 2 or 3 years of screen time on them, and is able to evaluate & use an added indicator, knowing when it is advantageous to mind it or ignore it in way that is...
Good words... And I agree with them... I apologize for getting away from the core rules. I only meant to connect with a person that was also on a longer time frame. Most folks seem to favor the short ones and in both cases; most people personalize the system as one should to make it their own and hopefully benefit from it.
"IN CASH WE TRUST"
  • #13,425
  • Nov 10, 2011 3:11am Nov 10, 2011 3:11am
EU-H4

Long at 1.3576
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
  • #13,426
  • Nov 10, 2011 3:42am Nov 10, 2011 3:42am
Quoting kijkij
EU-H4

Long at 1.3576
very good sign - I entered on H1, too!
  • #13,427
  • Nov 10, 2011 3:45am Nov 10, 2011 3:45am
Quoting kijkij
EU-H4

Long at 1.3576
I am in too. Nice entry.
  • #13,428
  • Nov 10, 2011 4:43am Nov 10, 2011 4:43am
Quoting x58
I am in too. Nice entry.
are u still in this trade? I was stopped out on H1.
  • #13,429
  • Nov 10, 2011 4:57am Nov 10, 2011 4:57am
TS might be a trailing stop.
  • #13,430
  • Nov 10, 2011 4:59am Nov 10, 2011 4:59am
I shorted this pr on the H4 about an hour ago, in @.9064 and using the last fractals for SL & TP. Not doing much at the present time but hopefully it will closer to the NY open. A bit early for me but it looked like an A+ setup. p.
  • #13,431
  • Nov 10, 2011 5:03am Nov 10, 2011 5:03am
Quoting LazyLobster
Please forgive me... What is a TS?
I vote for Trailing Stop.
  • #13,432
  • Nov 10, 2011 5:23am Nov 10, 2011 5:23am
EUR/USD H4
TDI cross up
Stopped out

I probably should have stayed out but I'm not sure what clues I missed.
Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: trade.PNG Size: 158 KB
Financial independence is what I live for
  • #13,433
  • Nov 10, 2011 5:30am Nov 10, 2011 5:30am
Quoting smash85
are u still in this trade? I was stopped out on H1.
Out $ +26.00
  • #13,434
  • Nov 10, 2011 5:46am Nov 10, 2011 5:46am
Quoting smatthew
EUR/USD H4
TDI cross up
Stopped out

I probably should have stayed out but I'm not sure what clues I missed.
Any ideas?
Me too. was stopped out at 3560, had entered at 3601. All the same Big E mentioned of 80% success, guess this one of the 20%.
  • #13,435
  • Nov 10, 2011 6:15am Nov 10, 2011 6:15am
Quoting smatthew
EUR/USD H4
TDI cross up
Stopped out

I probably should have stayed out but I'm not sure what clues I missed.
Any ideas?
A 14 period ATR on the H4 is 74 pips at the present & I believe you used a 40 p SL - much too tight in my opinion. And some here use 1.5 to 2 times the ATR by using good MM.
  • #13,436
  • Edited 6:19am Nov 10, 2011 6:15am | Edited 6:19am
Quoting martinipips
Me too. was stopped out at 3560, had entered at 3601. All the same Big E mentioned of 80% success, guess this one of the 20%.
EUR/USD is currently above 1,3600 again. You'd be up by now.
Perhaps our stops should have been at the nearest swing low.
This would imply a stop size of 60 - 80 pips though...
I think that should've kept me out: a stop size that exceeds my money management requirements.

Update: Back to the drawing board. Thanks Piprac for your logical explanation.
Financial independence is what I live for
  • #13,437
  • Nov 10, 2011 6:24am Nov 10, 2011 6:24am
Your SL should at least be at the bottom of the signal bar, if not you're never going to achieve 80%, don't be afraid to use larger stops, remember to ammend your lot sizes to meet your risk requirement. You can always move your SL as the trade progresses, but having 40 pip stops on 4 hour charts you're going to get slaughtered.
  • #13,438
  • Nov 10, 2011 6:39am Nov 10, 2011 6:39am
Hello Traders.

I have an MT4 question. I have been searching the internet for days with no luck and spoken to several brokers as well.

Forgive me for posting it here, but I though this might be a good place to get some help.

When moving the cursor on my charts over an object of any kind, a pop up window appears with the relevant data for the object (candle data, indicator info, etc.)

Is there any way to turn this pop-up function off?

Thanks.

dcginc
  • #13,439
  • Nov 10, 2011 6:47am Nov 10, 2011 6:47am
Quoting zortan
Your SL should at least be at the bottom of the signal bar, if not you're never going to achieve 80%, don't be afraid to use larger stops, remember to ammend your lot sizes to meet your risk requirement. You can always move your SL as the trade progresses, but having 40 pip stops on 4 hour charts you're going to get slaughtered.
I admit this is a weak point in my personal approach of TMS.
I've been studying old charts and almost all TDI crosses seem to result in positive pippage. Still I'm reluctant to apply wider stops. In part, this is due to the following:

My broker is Interactive Brokers where minimum lot sizes apply (25000). I'll need to have a bigger account to cover large stops at the 2% risk I'm willing to take.

Therefore I was trying to use a fixed stop of 40 pips based on what I could afford to lose (at 2%) if I were trading live.

I'll adjust my stop strategy to non fixed stops calculated by last swing high/low and / or ATR 14 (Piprac's advice).

Obviously I'm still demo trading. I'll continue to do so until I'm consistently profitable AND my account is sufficiently large to handle large stops (while still being at 2% risk).
Financial independence is what I live for
  • #13,440
  • Nov 10, 2011 7:01am Nov 10, 2011 7:01am
Quoting smatthew
EUR/USD H4
TDI cross up
Stopped out

I probably should have stayed out but I'm not sure what clues I missed.
Any ideas?
Looking at my EU240m chart it shows pull back to 1.3480 before 10.00gmt, correct me if I am wrong as I am new to TMS.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-11_Quote.png Size: 68 KB
88 traders viewing now, 1 is registered:
socgaufamily