Trading Made Simple | Page 845 | 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

  • #16,881
  • Apr 3, 2013 4:47am Apr 3, 2013 4:47am
Short AUDCHF on H1 with H4 possible double top and great H1 candle formation.
Attached Image (click to enlarge)
Click to Enlarge Name: audchfh1.png Size: 131 KB
@pawpaw1000 on Twitter
  • #16,882
  • Apr 3, 2013 4:47am Apr 3, 2013 4:47am
Buy EJ
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #16,883
  • Apr 3, 2013 4:47am Apr 3, 2013 4:47am
Quoting pawpaw1000
There's a very easy way to answer your question, go and look at two H4 charts of Fibre and cable and you will know. here's a chart of correlation, you will see they are highly correlated but I have found them to be less so the last couple of months... http://www.forexticket.co.uk/en/tools/01-01-correlation
OANDA serves nice clear correaltion table...

http://fxtrade.oanda.com/analysis/currency-correlation
JacekPreserve Precious Capital
  • #16,884
  • Apr 3, 2013 4:53am Apr 3, 2013 4:53am
Quoting Jackub
OANDA serves nice clear correaltion table... http://fxtrade.oanda.com/analysis/currency-correlation
Thanks soo much, it's alot clearer than the one I posted.
@pawpaw1000 on Twitter
  • #16,885
  • Apr 3, 2013 4:54am Apr 3, 2013 4:54am
Quoting dunggiggs
Buy EJ {image}
Good trade mate, just need to break the previous top and you're off to the races...

EDIT: Just bought EURAUD...
@pawpaw1000 on Twitter
  • #16,886
  • Apr 3, 2013 4:55am Apr 3, 2013 4:55am
Quoting Winner1245
Is it okay to place long orders EU and short on GU ?? i heard someone say that EU goes same direction GU(overall) too. I mean do not place opposite orders. I m not sure jus askin
Winner1245, in the post you quoted pawpaw1000 wasn't talking about EURUSD, he was talking about EURAUD.

As to EURUSD/GBPUSD we have to remember BigE's "Three Amigos", and I also agree with pawpaw1000 when he says:

Quoting pawpaw1000
There's a very easy way to answer your question, go and look at two H4 charts of Fibre and cable and you will know. here's a chart of correlation, you will see they are highly correlated but I have found them to be less so the last couple of months... http://www.forexticket.co.uk/en/tools/01-01-correlation
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,887
  • Apr 3, 2013 5:06am Apr 3, 2013 5:06am
Can someone please help me on PA...

From the attached chart I think the entry should be placed at the open of the candle below the lower red horizontal line (i.e. about 2800 or so), instead of at the higher horizontal line (i.e. 2811) by just the look at it.

However I can't explain why I should have entered at 2800 instead of waiting for the next 2 candles. One reason maybe because I was too conservative but another reason maybe I failed to recognise something when it was at 2800 level?

Thanks alot.
Attached Image (click to enlarge)
Click to Enlarge Name: EUM15-03-04-2013.png Size: 24 KB
back... and more dangerous.
  • #16,888
  • Apr 3, 2013 5:08am Apr 3, 2013 5:08am
Quoting pawpaw1000
You can make 10% pm and with that 1000, how much will you have in 5 years? $304 481... That gives you $30k pm Wake up mate, it's HUGE!!!
and

Quoting Jackub
Consistent 6% monthly makes your account double within one year, arn't you happy with this???
Well I would be happy with that, of course, from an investment point of view, but $1000 profit in a year might be a LITTLE hard to live on. I want to trade for a living because I can't work, but I'm thinking I can't make that a reality now.

Quoting Favorite
If somebody can't make 200 pips per week, he'd better get a job.
Really? Because by my estimates, that would be 50% ROI a month. That seems ridiculous.
  • #16,889
  • Apr 3, 2013 5:09am Apr 3, 2013 5:09am
Quoting Favorite
Winner1245, in the post you quoted pawpaw1000 wasn't talking about EURUSD, he was talking about EURAUD. As to EURUSD/GBPUSD we have to remember BigE's "Three Amigos", and I also agree with pawpaw1000 when he says:
thanks for the reminder !!
sry forgot to see the chart.
And thanks paw paw the link was very helpfull
  • #16,890
  • Apr 3, 2013 5:11am Apr 3, 2013 5:11am
kbp,

For me right TMS entry was here marked on the chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 35 KB
JacekPreserve Precious Capital
  • #16,891
  • Apr 3, 2013 5:15am Apr 3, 2013 5:15am
Quoting Empowers
I want to trade for a living because I can't work, but I'm thinking I can't make that a reality now.
Quoting Empowers
We've all read through this, one of the first posts made by eelfranz. It is the thing that got me excited about this method. Does anybody trade the originally taught method of Big E and achieve this 200-500pips? It seems impossible... between 800-2000pips a month...
Quoting Favorite
If somebody can't make 200 pips per week, he'd better get a job.
Quoting Empowers
Really? Because by my estimates, that would be 50% ROI a month. That seems ridiculous.
200 pips per week is 40 pips per day. If making (averaging) only 40 pips per day is ridiculous for you - it is your problem.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,892
  • Apr 3, 2013 5:19am Apr 3, 2013 5:19am
Quoting Winner1245
thanks for the reminder !! sry forgot to see the chart.
Sure! Any time!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,893
  • Apr 3, 2013 5:21am Apr 3, 2013 5:21am
Quoting Favorite
200 pips per week is 40 pips per day. If making only 40 pips per day is ridiculous for you - it is your problem.
Ok, so the 200pips per week is being reached by everyone here? So if I had $10,000 for example, and could get 200 pips a week, then I'll be a millionaire in 1 year. So I'm guessing you are a millionaire, yes? And everyone else following this thread?
  • #16,894
  • Apr 3, 2013 5:26am Apr 3, 2013 5:26am
Quoting Empowers
Ok, so the 200pips per week is being reached by everyone here? So if I had $10,000 for example, and could get 200 pips a week, then I'll be a millionaire in 1 year. So I'm guessing you are a millionaire, yes? And everyone else following this thread?
Don't worry about that: you'll never be a millionaire!

If you don't understand people withdrawing part of their profits and people paying taxes and if you think that normal traders make 5-10 pips per day - Forex is not for you.

And of course 200 pips per week is reachable only for good traders, not for everyone.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,895
  • Apr 3, 2013 5:27am Apr 3, 2013 5:27am
I just love these kind of debates
FIGHT FIGHT FIGHT FIGHT!!
  • #16,896
  • Apr 3, 2013 5:27am Apr 3, 2013 5:27am
Quoting Empowers
Ok, so the 200pips per week is being reached by everyone here? So if I had $10,000 for example, and could get 200 pips a week, then I'll be a millionaire in 1 year. So I'm guessing you are a millionaire, yes? And everyone else following this thread?
Maybe I am to serius, but how you can with 200pips a week and 10.000USD equity make one milion within one year??? How much you are going to risk??
JacekPreserve Precious Capital
  • #16,897
  • Apr 3, 2013 5:27am Apr 3, 2013 5:27am
lol no idea about 200pips/week debate but it seems ok target. I have to work 9-6 so only spend 2hrs a day or so (mostly read forum) & 200pips is reachable.

Quoting Jackub
kbp, For me right TMS entry was here marked on the chart: {image}
Thanks Jackub I think I know why now I was just not trusting M15 enough as it's less reliable than H1 hence late entry.
back... and more dangerous.
  • #16,898
  • Apr 3, 2013 5:28am Apr 3, 2013 5:28am
continous... trade sell usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #16,899
  • Apr 3, 2013 5:35am Apr 3, 2013 5:35am
Quoting kbp
lol no idea about 200pips/week debate but it seems ok target. I have to work 9-6 so only spend 2hrs a day or so (mostly read forum) & 200pips is reachable. Thanks Jackub I think I know why now I was just not trusting M15 enough as it's less reliable than H1 hence late entry.
I stoped loosing when I run away from M15....
JacekPreserve Precious Capital
  • #16,900
  • Apr 3, 2013 5:35am Apr 3, 2013 5:35am
Quoting Winner1245
I just love these kind of debates FIGHT FIGHT FIGHT FIGHT!!
Yes, I just love ForexFactory - you never know whom you can meet here!

And I don't mean you, Winner1245, or kbp, for example. Well, you know what I mean!
Gentlemen always play by the rules. If they can't, they change the rules.
29 traders viewing now, 3 are registered:
Adventure01
,
pauljred
,
menaldo81