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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #15,861
  • Mar 7, 2013 8:26am Mar 7, 2013 8:26am
Hello friends:

I believe that the first step to follow any strategy is the price action is the basis of any strategy otherwise we are lost.

I keep practicing on a demo account and I think I'll go to a real account.

good luck to all.
  • #15,862
  • Mar 7, 2013 8:32am Mar 7, 2013 8:32am
Quoting jnkarlos
Hello friends:

I believe that the first step to follow any strategy is the price action is the basis of any strategy otherwise we are lost.

I keep practicing on a demo account and I think I'll go to a real account.

good luck to all.
Where and in which post did BigE teach to watch and follow price action first and foremost?
  • #15,863
  • Mar 7, 2013 8:36am Mar 7, 2013 8:36am
Quoting pundit78
Caught a good signal today, lets see how it goes.

TDI crossover on 4 H , also good reversal signal on daily (but yet to complete).
I am with u on this one.
Hopefully it turn out good.
  • #15,864
  • Mar 7, 2013 9:13am Mar 7, 2013 9:13am
Quoting Raftron
Are you using default settings on your TDI and Synergy_APB?

My TDI has not crossed yet and I have got only one bullish bar on my chart..

I am using the same TDI post by Eelfranz, pls refer Post 14 Page 1.
  • #15,865
  • Mar 7, 2013 9:22am Mar 7, 2013 9:22am
.. and here is that same EUR/AUD trade (see thread post on previous page) at the other end. Yay me!
Made almost 40 pips then got out (chickened out) as NY/London overlap was well underway - didn't want to stick around for volatility.
I am really starting to like this system - this is just my most recent trade but since I started FORCING myself to stick to 4H charts and THIS SYSTEM EXCLUSIVELY, I am up at total of 150 pips (which is only since Sunday night of this week). Not trading as much, and only at night (in NY time zone) and not glued to the screen all day waiting for 5M charts to break out - and most importantly - ITS WORKING FOR ME SO FAR!

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  • #15,866
  • Mar 7, 2013 9:26am Mar 7, 2013 9:26am
Quoting pundit78
I am using the same TDI post by Eelfranz, pls refer Post 14 Page 1.
I'll give it a shot.

The ones that I use he referred to in his first post, to look for post number 25 on second page, posted by Numb3ers

I would imagine they are the same (same names), but who knows..
  • #15,867
  • Mar 7, 2013 9:34am Mar 7, 2013 9:34am
Quoting Britpip7
Tad early for me to set up for long - waiting for APB colour change
Yeah, I may have gotten lucky on that last EUR/AUD trade. Even though I am still a bit of a newbie I'm getting to the point where I'm more interested in doing it RIGHT and sticking to a system PROPERLY than just logging winning trades that might be random and lucky in nature.

I am still using the original template from the founder/eefranz but I notice britpit you are using one that looks like it came from the S3 system and your chart looked quite a bit different than mine.

Do you prefer that template for THIS system as well, and is there a post you can refer me to in EITHER system that will get my chart looking more like yours?
  • #15,868
  • Mar 7, 2013 9:36am Mar 7, 2013 9:36am
Hi all
Hoping that the new green line crossing the red up to go long.
In term of 1 to 4 hours are long.
Greetings to all
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  • #15,869
  • Mar 7, 2013 9:39am Mar 7, 2013 9:39am
Quoting Raftron
I'll give it a shot.

The ones that I use he referred to in his first post, to look for post number 25 on second page, posted by Numb3ers

I would imagine they are the same (same names), but who knows..

Yes they are same I believe, difference may with the broker terminal.
  • #15,870
  • Mar 7, 2013 9:57am Mar 7, 2013 9:57am
Dear fellows traders,
Last few days I am trying to place orders on the market according your advices, checking first higher time frames for trend, to be with main flow... most of my trades has been lost.... its obviouse that advice is good, conclusion is I do not recognise the trend on higher time frames correctly...
So, kind a stupid qustion what you are doing to know it?, Ma's, HL&LH, patterns, candle colour... etc..
I think, maybe there is no trading on H1 time frame only H4/D1 traiding looking on H1 better entry price?
Can we get better entry point on H1 when pattern on H4 is not ready yet? Bcoz taking position before H4 pattern is ready is not safe.... sorry guys for this newbie's (not very wise maybe) questions, but who can answer this? I feel very much confused...
JacekPreserve Precious Capital
  • #15,871
  • Mar 7, 2013 10:59am Mar 7, 2013 10:59am
Today I entered EJ at TDI bounce but quit due to major news ahead, no prob better luck next time.
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  • #15,872
  • Mar 7, 2013 11:19am Mar 7, 2013 11:19am
Jackub,

I used to have the same problem that you are having determining
the trend.

Suggestion, Instead of adding all kinds of stuff to your charts.
Do the opposite and take everything off your charts except
for tdi and synergy apb.

This will teach you how to read a chart. Get used to watching
"naked" charts. Learn to breathe with the markets.

Someday you'll thank me...right now, just go with the suggestion...
Remember that 95% of all traders lose...the question is... why is that?

snarlyjack
  • #15,873
  • Mar 7, 2013 11:31am Mar 7, 2013 11:31am
So...here we are...what do you see...
Your future depends on it...so really check it out!

Hope this helps you...
snarlyjack
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  • #15,874
  • Mar 7, 2013 12:06pm Mar 7, 2013 12:06pm
Quoting snarlyjack
So...here we are...what do you see...
Your future depends on it...so really check it out!

Hope this helps you...
snarlyjack
Well, I see price has broken through resistance (March 6th), heading into another area of resistance. Based on where the TDI is, I think I would look for price to retrace as it approaches that area around the Feb 28th date. Still in a longterm downtrend at this point in time. So this is where I would look to sell the highs/peaks if the downtrend continues.

So snarlyjack, think I am somewhat close with what I see?
  • #15,875
  • Mar 7, 2013 12:07pm Mar 7, 2013 12:07pm
Quoting snarlyjack
So...here we are...what do you see...
Your future depends on it...so really check it out!

Hope this helps you...
snarlyjack

Hi Snarlyjack,
thank for advice, I do follow thread from early january 2013, and onestly get through 200 pages, coping screenshots and adices many of traders, One special file conteins only eelfraz suggestions. I am reading all of them over and over again. Made backtesting on mt4 for whole 2012 year for EU, GB, AU, few hundreds trades having pretty good results. Now I am fighting on demo in real time, and it goes much worse then on backtes, it is frustraiting, really. Have find a clue anyway... once again thanks for everything you did for newbies like me...
Best Regards
Jacek
JacekPreserve Precious Capital
  • #15,876
  • Mar 7, 2013 12:34pm Mar 7, 2013 12:34pm
Hi SLC,

Your getting the theory of how to look at things.
The tdi hasen't flattened out (or hooked over) yet.
So... it's still to early...but it will. It needs more time.
How long is that string?

snarlyjack
  • #15,877
  • Mar 7, 2013 12:49pm Mar 7, 2013 12:49pm
Hi...SLC,snarlyjack...EUR/USD 4hr the TDI is almost straight up, have clsed 2 buy orders for profit, have one open with targe of 1.3150, next area of res.
  • #15,878
  • Mar 7, 2013 1:04pm Mar 7, 2013 1:04pm
Quoting sfg7th
Hi...SLC,snarlyjack...EUR/USD 4hr the TDI is almost straight up, have clsed 2 buy orders for profit, have one open with targe of 1.3150, next area of res.
Yep, that is where I would be looking for resistance too. Congrat's on the successful trade.
  • #15,879
  • Mar 7, 2013 1:23pm Mar 7, 2013 1:23pm
Quoting snarlyjack
So...here we are...what do you see...
Your future depends on it...so really check it out!

Hope this helps you...
snarlyjack
The day chart looks interesting - APB colour change, TDI moving out of oversold territory, PA above 200EMA - wait for day candle to close then enter off of day high. Current ATR 7 = 91 pips for first profit target.
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"To live with Passion, it takes Courage and Grace to survive"
  • #15,880
  • Mar 7, 2013 4:00pm Mar 7, 2013 4:00pm
Quoting pundit78
Today I entered EJ at TDI bounce but quit due to major news ahead, no prob better luck next time.
Pundit78 - could you post the market clock you have on your chart please.
I like it.
Cheers
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