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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 system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #14,861
  • Mar 24, 2012 11:37am Mar 24, 2012 11:37am
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

[font=Comic Sans MS][size=3][color=#0000ff]My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles...
Dear Eelfranz
Thank you very much for sharing this.I checked my charts in the past and all looked winners and this gives me confidence.
Just a quick question.You said you prefer NY open only 1st 3hrs and only 1hr candle.
Why is NY different then London which you prefer 4hr.My guess is NY is lot more unpredictable? prone to reversals?
Correct me if I am wrong.Thank you!You got great Karma
In trading, you have to be defensive and aggressive at the same time
  • #14,862
  • Mar 24, 2012 1:41pm Mar 24, 2012 1:41pm
Quoting Phx62
Nice job Ananjee!!!! Keep up the good work!
I got some of those pips on the H1 time frame at the London Open this morning following news of the French & German banks shoring up the expected Greek default. Hit the 200 pip TP on a bounce trade. Almost did not get there but I still would have taken 160 trailing behind the previous candle. I like the 200 pips better.
How can you trail your stop 5 pips behind a APB bar using MT4?
  • #14,863
  • Mar 24, 2012 4:43pm Mar 24, 2012 4:43pm
Quoting astral77
IMHO Squalo`s S&R indicator is the best there is. Try it out.
Kind Regards
thanks for sharing
  • #14,864
  • Mar 24, 2012 4:46pm Mar 24, 2012 4:46pm
Quoting joffie
Hi Thrasher,

I don't actually use pivots, what I do is look for daily support and resistance in the normal way from using area's where price has struggled to go higher or lower. But as well as that I use daily candles as a level of support and resistance on their own, and when these area's confluence with highs and lows of support and resistance I take note. The area's I am talking about are called R1,R2,S1 and S2.

These are made up of 1 candle, which I only look at a candle which is considerally larger than others around it. So say we had...
funny I do the same. Large candles I set a fib and the 161.8 is my initial target. then it moves most of the time further to 261 and added manually a 342. you can do it on 1 hor candles, 4 hour doesn't matter. 80% it will hit the 161.8 at least!
  • #14,865
  • Mar 24, 2012 4:51pm Mar 24, 2012 4:51pm
Quoting hutrader
funny I do the same. Large candles I set a fib and the 161.8 is my initial target. then it moves most of the time further to 261 and added manually a 342. you can do it on 1 hor candles, 4 hour doesn't matter. 80% it will hit the 161.8 at least!
Example
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  • #14,866
  • Mar 25, 2012 4:07am Mar 25, 2012 4:07am
Quoting MrBurns
This looks to be going down on the 4& 1hour charts, may be a great trade into next week.

Great spotting on the UsdCad. Took the trade late friday, got only 10 pips and closed it as I don't really like to keep trades open over the weekend. But will be watching the pair on monday open.
  • #14,867
  • Mar 25, 2012 5:10am Mar 25, 2012 5:10am
Hi

Could you please explain how to interpret the colors in the stochastic slope color indicator?

Thanks
  • #14,868
  • Mar 26, 2012 3:10am Mar 26, 2012 3:10am
Quoting munirpt
Hi

Could you please explain how to interpret the colors in the stochastic slope color indicator?

Thanks
Hi,

I believe the stock slope was actually dropped from the method. I seem to remember seeing a number of posts in which Big E stated that he no longer used, and I think a lot of people followed suit. With that in mind, I don't even know what the colours mean!
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,869
  • Mar 26, 2012 8:14am Mar 26, 2012 8:14am
USDCAD 4hr

Alittle bit of a late entry as I was away from the Mac when the candle changed but still squeezed in some pips. Whoever managed to get in on the major pairs today must have had at least 50 pips on each.
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  • #14,870
  • Mar 26, 2012 8:28am Mar 26, 2012 8:28am
Haha I exited this pair when it hooked...

Wait why am I laughing?

Quoting only20gp
USDCAD 4hr

Alittle bit of a late entry as I was away from the Mac when the candle changed but still squeezed in some pips. Whoever managed to get in on the major pairs today must have had at least 50 pips on each.
  • #14,871
  • Mar 26, 2012 8:59am Mar 26, 2012 8:59am
Quoting only20gp
USDCAD 4hr

Alittle bit of a late entry as I was away from the Mac when the candle changed but still squeezed in some pips. Whoever managed to get in on the major pairs today must have had at least 50 pips on each.
Glad to see you took that trade matey!

I Really enjoy your posts and you seem to be making pips too from this method. Congrats
  • #14,872
  • Mar 26, 2012 9:03am Mar 26, 2012 9:03am
US news releases have made today a bit of a pain in the keester...
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,873
  • Mar 26, 2012 1:12pm Mar 26, 2012 1:12pm
Quoting MrBurns
Glad to see you took that trade matey!

I Really enjoy your posts and you seem to be making pips too from this method. Congrats
Thanks MrBurns, First monday without a loss actually... Did you take any trades?
  • #14,874
  • Mar 26, 2012 1:20pm Mar 26, 2012 1:20pm
Quoting only20gp
Thanks MrBurns, First monday without a loss actually... Did you take any trades?

Oh right, oh well at least some profit today for ya anyway!

I scalped 17 pips from NZD/USD today but that was it as work was busy. Im at the point were I know what im doing but its a case of sewing up all the loose ends and being profitable everyday etc. Still learning a lot too. I like this system, its very straight forward and the TDI is a great tool.

Sometimes i make 50-60 pips, sometimes i lose 50-60 pips at the mo, these markets are hard to stay on top of and keep focused! Really need to move to higher timeframes, will stop me trigger finger snappin at every opportunity and hopefully make me more pips.

ive made some losses but im trading a miniscule amount to play with while trying new systems and looking for my own edge if you know what i mean. Congrats on the pips bud
  • #14,875
  • Mar 27, 2012 3:05am Mar 27, 2012 3:05am
Was close to pulling the trigger on EURJPY, not 100% happy with the candle sizes so I skipped it. Anybody in on this trade?
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  • #14,876
  • Mar 27, 2012 4:11am Mar 27, 2012 4:11am
Just a thought.

When I first came across this thread, I was amazed at how successful people were with such a simple method. Obviously it required a little more than just the lines to cross over (S/R etc), but it seemed like most people how it down from just following the basics and using the TDI cross as an entry. Now, I've been letting the TDI run for quite some time and I can confidently say that if I were to enter on all the stron crosses of the TDI, whilst watching out for S/R levels etc, I would have more losers than winners. This makes me wonder if maybe something somewhere has changed and the system needs some modifying. This is why I would be massively interested to hear what Big E himself has to say and whether or not he is still just as successful with this method. I know others are still finding success with this, but they are adding in far more than what was originally described at the start of this thread.

Any thoughts?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,877
  • Mar 27, 2012 4:33am Mar 27, 2012 4:33am
Quoting By_Tor2114
Just a thought.

When I first came across this thread, I was amazed at how successful people were with such a simple method. Obviously it required a little more than just the lines to cross over (S/R etc), but it seemed like most people how it down from just following the basics and using the TDI cross as an entry. Now, I've been letting the TDI run for quite some time and I can confidently say that if I were to enter on all the stron crosses of the TDI, whilst watching out for S/R levels etc, I would have more losers than winners. This makes me...
May I ask what timeframes you trade this system, not the main timeframe but all time frames you trade. I am not sure why you arent getting decent results. Another question, hopefully not too personal as we are all here learning.... if you were to look back to last week`s statements, how many trades did you take using this system (on all timeframes ) ?
  • #14,878
  • Mar 27, 2012 4:42am Mar 27, 2012 4:42am
So glad I stayed away, lately I find myself looking at why the setup isnt good rather than why its good. On this EURJPY main thing I noticed...

1. Strong bullish trend
2. Size of previous bearish candles and how many ( very important )

Now will be looking at a bounce trade when this candle closes.
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  • #14,879
  • Mar 27, 2012 4:47am Mar 27, 2012 4:47am
Quoting only20gp
May I ask what timeframes you trade this system, not the main timeframe but all time frames you trade. I am not sure why you arent getting decent results. Another question, hopefully not too personal as we are all here learning.... if you were to look back to last week`s statements, how many trades did you take using this system (on all timeframes ) ?
Hi 20,

I've only looked at the H1 and H4 timeframes. From what I've seen, this system is really aimed at the higher timeframes.

As for how many I've taken, it would be very few, as I don't want to trade on a system I am now fully comfortable with. I have simply been keeping an eye on where there were crosses that were not nearing S/R and that weren't in consolidation and the results have not been great. For instance, I can see an H4 short cross that happened 45 minutes ago on the E/G and the candle has already turned blue. Yes, it could just as easily go the other way, but I'd already be willing to bet that it will not be a happy trade for anyone that got into (Hopefully, I am wrong).

If I can find the time, it might be an idea for me to get screen shots of the trades I've been following.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #14,880
  • Mar 27, 2012 5:15am Mar 27, 2012 5:15am
What do you guys think of a sell on the usdjpy 4hr chart on current candle crossing tdi. I have been studying into supply and demand to work along with my support and resistance trading, and right now I have the 4hr at 4hr supply. Also price has broken a trend line to the downside and now testing from below on a swing test.

joffie
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