Trading Made Simple | Page 798 | 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

  • #15,941
  • Mar 9, 2013 3:30am Mar 9, 2013 3:30am
Quoting snarlyjack
Indulge me a little bit here but I have to gloat...
It puts a smile on my face and a skip in my step...

Last week I made $5,000 and this week I made $1900.
for a total of $6,900. using this system. As long as the
money poors into my bank, I think the system works
as Eelfranz (Big E) initially set it up. I'am a believer.
The proof is in the pudding...

I really hope watching this trade and reading these posts helps someone!!!

snarlyjack
Thanks snarlyjack,

I'm sure it helps a lot of people........I know it helps me a lot, so please keep them coming. Your posts are both informative and motivational
  • #15,942
  • Mar 9, 2013 4:00am Mar 9, 2013 4:00am
So i have used the EA from post 768 in this thread.

And this is the result i got on the 15m chart.

http://postimage.org/image/76vrjlw99/full/


So i was wondering if the entries and exits are reversed, would that reverse the loss on the graph into constant profit?
Attached File(s)
File Type: mq4 Trading Made Simple auto trading robot by Steve Hopwood.mq4   49 KB | 630 downloads
  • #15,943
  • Mar 9, 2013 4:35am Mar 9, 2013 4:35am
Quoting teofil00
So i have used the EA from post 768 in this thread.

And this is the result i got on the 15m chart.

http://postimage.org/image/76vrjlw99/full/


So i was wondering if the entries and exits are reversed, would that reverse the loss on the graph into constant profit?
you asked for EA, so I showed you one, I personally newer use EA for trading.. to give away fun of traiding to software is not for me...
JacekPreserve Precious Capital
  • #15,944
  • Mar 9, 2013 5:10am Mar 9, 2013 5:10am
Heeeeelp...

Pa is king,
Tdi is king......
Which one then ???

As a newbie just setting out, could any of you guys advise which bitz I need to learn to trade this system ?
I have read the whole post front to back and there is quite a lot of conflicting info,
Is it really necessary to learn and use fibs, chart patterns, and all the other bitz ??

Or is it just price action and the tdi ?
I can get my head round the tdi and I've made some pretty good trades, stayed out when candles are small and followed all other advise regarding the tdi,
But I'm Strougling to find what else I need to learn and where from regarding PA,

Many thanks for any help or advice ?.

Regards

Nelly
  • #15,945
  • Mar 9, 2013 5:46am Mar 9, 2013 5:46am
Quoting teofil00
So i have used the EA from post 768 in this thread.

And this is the result i got on the 15m chart.

http://postimage.org/image/76vrjlw99/full/


So i was wondering if the entries and exits are reversed, would that reverse the loss on the graph into constant profit?

You are wasting your time here with this EA thing.
You did not read eelfranz aka Big E' post about this subject.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,946
  • Mar 9, 2013 5:53am Mar 9, 2013 5:53am
Quoting Nellycopter
Heeeeelp...

Pa is king,
Tdi is king......
Which one then ???

As a newbie just setting out, could any of you guys advise which bitz I need to learn to trade this system ?
I have read the whole post front to back and there is quite a lot of conflicting info,
Is it really necessary to learn and use fibs, chart patterns, and all the other bitz ??

Or is it just price action and the tdi ?
I can get my head round the tdi and I've made some pretty good trades, stayed out when candles are small and followed all other advise regarding the tdi,
But...
Hi Nelly,

If PA is king, and TDI is also king, ...then I say PA is the King of kings.

I suggest you pick up those pdf compilations of all eelfranz' posts and study them in depth. Pay more attention on how he explains about taking the TDI signal and reading the APB or HA candles. He did not ever once used those words 'Price Action' but his explanations were on reading the charts.

I hope this help you to find a way forward. When you come to a situation and not knowing what to do, please make a screenshot of your chart and be specific with some questions and I am sure many people here will help you.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,947
  • Mar 9, 2013 5:58am Mar 9, 2013 5:58am
Quoting snarlyjack
Indulge me a little bit here but I have to gloat...
It puts a smile on my face and a skip in my step...

Last week I made $5,000 and this week I made $1900.
for a total of $6,900. using this system. As long as the
money poors into my bank, I think the system works
as Eelfranz (Big E) initially set it up. I'am a believer.
The proof is in the pudding...

I really hope watching this trade and reading these posts helps someone!!!

snarlyjack


Keyword here is : Belief.

We all trade our beliefs about the market. We do not really trade the market.


Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,948
  • Edited 8:39am Mar 9, 2013 7:18am | Edited 8:39am
Quoting emmanuel7788


Keyword here is : Belief.

We all trade our beliefs about the market. We do not really trade the market.

Hey emmanuel, been a long time, thought Id pop in and say hello..

Hope your all good,and the trading is going well..

Ja.
Memories caught in time but never forgotten
  • #15,949
  • Mar 9, 2013 10:16am Mar 9, 2013 10:16am
Quoting emmanuel7788


Keyword here is : Belief.

We all trade our beliefs about the market. We do not really trade the market.

This is so true. When I think I know, I get tense and make bad judgements and tend to lose money. When I have a belief about a trade, I stay calm follow the rules and tend to profit.
  • #15,950
  • Mar 9, 2013 12:22pm Mar 9, 2013 12:22pm
hello guys

i have problem

how can i use the stop lose i this system
  • #15,951
  • Mar 9, 2013 4:53pm Mar 9, 2013 4:53pm
Nelly, Nelly my man, take a breath and let me just guide you on a few things.

What is the name of this thread? Trading made Simple. It really does work in it's simplest form. You are creating an edge over the market, a probability that weighs in your favour, and placing trades repeatedly so that your edge can start to work in your favour. A casino often operates with only a 5% or less edge over the players, but by being statisticians rather than gamblers, the casino makes A LOT of money.

So, start simple, just using the PA and the TDI. Price Action is shown fairly well with the Synergy APBs, you should be able to read that fairly easily.

That in itself is enough of an edge to make you successful. What people do after they get the basics down, is they start to add more things to the system. They are able to filter out more bad trades and maximise their profits.

PA and TDI are both kings together. But the real thing that is king is your Trading Plan and your Money Management. Think like the statistician and think like the casino, and let the Law of Probabilities work in your favour.

Quoting Nellycopter
Heeeeelp...

Pa is king,
Tdi is king......
Which one then ???

As a newbie just setting out, could any of you guys advise which bitz I need to learn to trade this system ?
I have read the whole post front to back and there is quite a lot of conflicting info,
Is it really necessary to learn and use fibs, chart patterns, and all the other bitz ??

Or is it just price action and the tdi ?
I can get my head round the tdi and I've made some pretty good trades, stayed out when candles are small and followed all other advise regarding the tdi,
But I'm...
  • #15,952
  • Edited 6:14pm Mar 9, 2013 5:43pm | Edited 6:14pm
This is Trading Made Simple:
Read this pic of post#261.
Highlight the keywords of Big E.
Print this and put it in front of you above your computer screen as constant reminder.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 261 PA.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,953
  • Mar 9, 2013 5:50pm Mar 9, 2013 5:50pm
Quoting Empowers
...

PA and TDI are both kings together. But the real thing that is king is your Trading Plan and your Money Management. ....


Keywords: Trading Plan and Money Management.

These are vital parts which will be your EDGE.

Your EDGE is not the same as my EDGE.

We all will have different EDGE to succeed using this simple method on H4
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,954
  • Mar 10, 2013 1:15am Mar 10, 2013 1:15am
Thanks guys,
Printing right now.

Nelly
  • #15,955
  • Mar 10, 2013 1:27am Mar 10, 2013 1:27am
This is what I have on my wall (Shoutout to Assassin's Creed for funsies :
Attached File(s)
File Type: pdf Quotes.pdf   43 KB | 1,183 downloads
  • #15,956
  • Mar 10, 2013 5:14am Mar 10, 2013 5:14am
thanks again Guys, i really do appreciate the help,
i have read the two pdf,s of big E,s comments and im left with just one question regarding a conflict in his comments,
on one of the lists of comments he says enter the trade when green crosses red on that candle,
yet on the other set of comments he says when green crosses red and the next candle closes over the 5ema then enter !!

I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only on candle 1 or two depending what the TDI shows... otherwise I pass and look for another set up...

when pa crosses 5ema and closes that is the set up candle.........

can any of you clarify this ? which is it ?? looking back, i suppose both do work, but the latter gets better results,
think i just answered my question, i was trying to see when he made the comments - was one well after the other and in which order ? maybe he refined his strategy, but which way round ???

nelly
  • #15,957
  • Mar 10, 2013 6:15am Mar 10, 2013 6:15am
Don't treat Big E's comments so biblically. Trading is a dynamic process and eelfranz was always making updates to the way he traded. That is what you should be doing too, take the basics, sculpt them into your own particular style, and trade that way.

You are trading PA and TDI, the PA can be shown by the PA crossing a 4 EMA shift 2, or a 4 EMA applied to the median price, they all tell the same story in slightly different ways.

Quoting Nellycopter
thanks again Guys, i really do appreciate the help,
i have read the two pdf,s of big E,s comments and im left with just one question regarding a conflict in his comments,
on one of the lists of comments he says enter the trade when green crosses red on that candle,
yet on the other set of comments he says when green crosses red and the next candle closes over the 5ema then enter !!

[i][color=DeepSkyBlue]I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only...
  • #15,958
  • Edited 6:59am Mar 10, 2013 6:25am | Edited 6:59am
Quoting Nellycopter
thanks again Guys, i really do appreciate the help,
i have read the two pdf,s of big E,s comments and im left with just one question regarding a conflict in his comments,
on one of the lists of comments he says enter the trade when green crosses red on that candle,
yet on the other set of comments he says when green crosses red and the next candle closes over the 5ema then enter !!

[i][color=deepskyblue]I don't worry about PA crossing the 5 ema. I totally depend on the TDI for my entry signals... Always entering when green crosses red and only...
Hi Nelly,

Good point.
There is some discretion in Trading Made Simple. The discretion comes from screen time and back-testing and realtime live trading practice.
Like what Big E said few times in his posts, ... 'use your brain'. We must practice, practice,practice .... this is one of the ways to program our brains to see things which we want to look for in our charts. After many hours of practice, many of our trade decisions become intuitive. 4-hour is a very long time, and there we have time to wait and look for the technical setup conditions.

Attached is one EU chart example. I label two candles #1 and #2.

First exercise you do now is to answer that question, why is a trade entry after candle #1 close is a good entry. Give any 5 technical reasons.
Check the time you take to figure out the 5 reasons.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EU backtest exercise1 .png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,959
  • Mar 10, 2013 7:08am Mar 10, 2013 7:08am
Quoting emmanuel7788
Hi Nelly,

Good point.
There is some discretion in Trading Made Simple. The discretion comes from screen time and back-testing and realtime live trading practice.
Like what Big E said few times in his posts, ... 'use your brain'. We must practice, practice,practice .... this is one of the ways to program our brains to see things which we want to look for in our charts. After many hours of practice, many of our trade decisions become intuitive. 4-hour is a very long time, and there we have time to wait and look for the technical setup conditions....
Hey guys,
I was flicking through FF and thought I would post my response (I looked at the chart in your post 2 min ago and didnt actually look in MT4 but wanted to get involved to see if I was close)
1. TDI Bearish cross
2. Candle is a bearish pinbar within IB range and candle 2 breaks IB range
3. price is coming away from previous high showing rejection at that level and was close to BRN @ 1.33000
4. I dont know much about Stochastics but it seems like its oversold
5. Angle of TDI suggests momentum is there to add extra confluence

Let me know how I went!
  • #15,960
  • Mar 10, 2013 7:22am Mar 10, 2013 7:22am
What the frick is an IB range?

Quoting pipsaurus
Hey guys,
I was flicking through FF and thought I would post my response (I looked at the chart in your post 2 min ago and didnt actually look in MT4 but wanted to get involved to see if I was close)
1. TDI Bearish cross
2. Candle is a bearish pinbar within IB range and candle 2 breaks IB range
3. price is coming away from previous high showing rejection at that level and was close to BRN @ 1.33000
4. I dont know much about Stochastics but it seems like its oversold
5. Angle of TDI suggests momentum is there to add extra confluence

Let me know...
22 traders viewing now