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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #14,561
  • Feb 13, 2012 9:14am Feb 13, 2012 9:14am
Quoting Erebus
WOW, really? Believe me, if you are sitting around waiting for an indicator telling you when to get out, you have already lost.

Seriously, sit down and THINK about that, how quick do you think you could get out on something like those Bank of Japan intervention candles, or Swiss Bank, or the next world crisis?

There is only ONE thing you can control in trading Forex, the size of your loss, this is done by making a calculation BEFORE even placing the trade, and actually using the STOP LOSS, that is [b]DISCIPLINE...
Lesson learnt by the way.I have included in my trading plan SL and TPs a la PHX style.
thx
  • #14,562
  • Feb 13, 2012 10:25am Feb 13, 2012 10:25am
Quoting Verbal
Entered long on second candle after TDI cross and all other conditions fulfilled (I think ). Down 23 pips!

Hi Verbal,
Can you please post your news calendar indicator, please.

THX.
Stay on the PIPest side of life!
  • #14,563
  • Feb 13, 2012 10:56am Feb 13, 2012 10:56am
Quoting billtid99
Newbie question to anybody, PA. What is this PA?. Sorry to bother but I've looked everywhere before I asked. Billtid99
'Price Action'. IE what the candles are doing.
  • #14,564
  • Feb 13, 2012 1:21pm Feb 13, 2012 1:21pm
Quoting billtid99
Newbie question to anybody, PA. What is this PA?. Sorry to bother but I've looked everywhere before I asked. Billtid99
Price Action.

Edit: Just saw shoot2scoot's reply
:
  • #14,565
  • Feb 13, 2012 3:24pm Feb 13, 2012 3:24pm
Here is a FF calendar for those that do not have it or are having trouble finding it.
Attached File(s)
File Type: ex4 FFCal Headlines.ex4   36 KB | 390 downloads
  • #14,566
  • Feb 14, 2012 12:18am Feb 14, 2012 12:18am
traded the TDI cross on G/U currently up by 65 pips.
Will monitor trade closely to protect profits

I entered on the opening of the second candle
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X-man the legendary conqueror of markets
  • #14,567
  • Feb 14, 2012 12:42am Feb 14, 2012 12:42am
Quoting X-Man
traded the TDI cross on G/U currently up by 65 pips.
Will monitor trade closely to protect profits

I entered on the opening of the second candle
X-Man, I'm just starting out with this strategy and am curious about your entry criteria as the 'x' was below 50? Cheers.
  • #14,568
  • Feb 14, 2012 12:52am Feb 14, 2012 12:52am
Quoting shoot2scoot
X-Man, I'm just starting out with this strategy and am curious about your entry criteria as the 'x' was below 50? Cheers.
You mean the cross was below 50 level?
Well that dont matter to me. I take a cross below or above 50.

I wont trade long when im in the 68 zone and wont trade short when im in the 32 zone. Thats my style.
X-man the legendary conqueror of markets
  • #14,569
  • Feb 14, 2012 12:57am Feb 14, 2012 12:57am
By the way i would like to tell everyone that Big E has put me in charge of this thread. he is very ill and has stopped trading for a few months now.

I will try my best to run the thread as he did.
big E use to trade 10 standard lots using this method so he new what he was doing.
im not at his level yet but i will try my best to explain the method and any questions related.
Most of the valuable info and rules are in the first 100 pages of this thread.
X-man the legendary conqueror of markets
  • #14,570
  • Feb 14, 2012 1:08am Feb 14, 2012 1:08am
I wish Big E all the best and hope he will recover soon, X-man. You guys are great and willing to share!
  • #14,571
  • Feb 14, 2012 1:16am Feb 14, 2012 1:16am
Quoting X-Man
You mean the cross was below 50 level?
Well that dont matter to me. I take a cross below or above 50.

I wont trade long when im in the 68 zone and wont trade short when im in the 32 zone. Thats my style.
Thanks for that, that opens up a lot more trades! A few of us were wondering about the Big E just last night. It just seems wrong when so many traders just try to rip you off with rubbish commercial strategies and the Big E gave it away, he deserves more luck.

Thanks for keeping this going X-Man especially for us newbies who have still got so much to learn.
  • #14,572
  • Feb 14, 2012 1:18am Feb 14, 2012 1:18am
Hi everyone! Am new to FX trading and i found TMS a really simple and easy system for me to base my future trades on.

My plan is to demo trade TMS on a 10,000 Oanda FX Metatrader 4 for 2-3 weeks before opening a live account. Will post all my thoughts and comments as well as trades here for advice.

Looking forward to joining the pip party!

First trade on USDJPY H4 Buy @ 77.952


JRTrader
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  • #14,573
  • Feb 14, 2012 1:27am Feb 14, 2012 1:27am
Hi all, according to what i have read here, to trade the 4hr chart, BigE trades at 10pm PST and 2am PST that is 6am GMT and 10am GMT, my question is , isnt that the asian session where there isnt alot of volatility in the markets? Could someone please just clarify that for me...
  • #14,574
  • Feb 14, 2012 1:28am Feb 14, 2012 1:28am
No problem buddy

I encourage all traders to take part in this thread and post their trades on the thread if they need help with anything.

Big E has mentioned that he trades around 8 pairs but some advice to noobs is you concentrate on a few pairs.
even 1 pair will do the job.
once you have mastered the system and done enough back testing then opening new pairs will be fine.

to gain 1000 pips a month will be a walk in the park.
X-man the legendary conqueror of markets
  • #14,575
  • Feb 14, 2012 1:31am Feb 14, 2012 1:31am
Quoting only20gp
Hi all, according to what i have read here, to trade the 4hr chart, BigE trades at 10pm PST and 2am PST that is 6am GMT and 10am GMT, my question is , isnt that the asian session where there isnt alot of volatility in the markets? Could someone please just clarify that for me...
With the 4H charts those sessions dont really matter as you are keeping your trades open alil longer as long as you enter on a nice candle with TDI cross and not those indecisive consolidating candles.

If you trading the 1H chart then london session is the best session to trade.
X-man the legendary conqueror of markets
  • #14,576
  • Feb 14, 2012 1:40am Feb 14, 2012 1:40am
Quoting X-Man
With the 4H charts those sessions dont really matter as you are keeping your trades open alil longer as long as you enter on a nice candle with TDI cross and not those indecisive consolidating candles.

If you trading the 1H chart then london session is the best session to trade.
Gotcha !
  • #14,577
  • Feb 14, 2012 2:33am Feb 14, 2012 2:33am
Quoting only20gp
Hi all, according to what i have read here, to trade the 4hr chart, BigE trades at 10pm PST and 2am PST that is 6am GMT and 10am GMT, my question is , isnt that the asian session where there isnt alot of volatility in the markets? Could someone please just clarify that for me...
Time after time, I am completely mystified that people are confused about TIME?

When it is 10 AM in London, can that really be the Asian day session?

Think about it folks!

The internet is your best friend, there are plenty of market clocks out there.

And plenty of MT4 Indicators to show trading sessions on the charts, watch them for a week, see what the time is in other places around the world, VOILA !!

Easy as trading, simple actually

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It takes a lot for me to IGNORE you, but you can try.
  • #14,578
  • Feb 14, 2012 2:50am Feb 14, 2012 2:50am
Quoting Erebus
Time after time, I am completely mystified that people are confused about TIME?

When it is 10 AM in London, can that really be the Asian day session?

Think about it folks!

The internet is your best friend, there are plenty of market clocks out there.

And plenty of MT4 Indicators to show trading sessions on the charts, watch them for a week, see what the time is in other places around the world, VOILA !!

Easy as trading, simple actually

Hmm actualy, i wrote 6am GMT and YES, that is still asian session. Towards end of Asian session.
  • #14,579
  • Feb 14, 2012 2:56am Feb 14, 2012 2:56am
Quoting only20gp
Hmm actualy, i wrote 6am GMT and YES, that is still asian session. Towards end of Asian session.
You wrote both, so you got it figured out then, great, get your gumption going, make some easy money!

It takes a lot for me to IGNORE you, but you can try.
  • #14,580
  • Feb 14, 2012 6:11am Feb 14, 2012 6:11am
Quoting shoot2scoot
'Price Action'. IE what the candles are doing.
thanks Shoot. At last it's clear now.
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