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Trading Made Simple

  • #16,961
  • Apr 4, 2013 4:01am Apr 4, 2013 4:01am
Im new to this thread, I have been following Xmans Simple System but recently it faded away, no contributors, so I'm here to continue learning

I would like to know more about the Skype room and what a newbie could expect ? I am still learning and know the journey is rough so thus the life

Thank you
I Have Learned to Take Some Losses to Make Profits
  • #16,962
  • Apr 4, 2013 4:33am Apr 4, 2013 4:33am
Quoting Flaviu1981
Can you explain in detail how you trade on M1, please?!
I'm sorry if I mislead you, but I said before - I don't trade TMS anymore, so my M1 trading is completely different system. I explained my M1 trading in these three posts:

http://www.forexfactory.com/showthre...49#post6543449
http://www.forexfactory.com/showthre...88#post6550788
http://www.forexfactory.com/showthre...09#post6554309

But you can watch for H1 TMS signals and then go to M1 - to enter with the smallest drawdown possible.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,963
  • Apr 4, 2013 4:35am Apr 4, 2013 4:35am
Quoting WeepingMan
Non-Farm day, huh. Check Calendar first, then. Thanks for the head-up!
Sure! Any time!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,964
  • Apr 4, 2013 4:59am Apr 4, 2013 4:59am
is this going to turn to a short AUD/JPY if tdi turn above 68 line and the candle hit 99800res it look a good setup will wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyhour4.png Size: 45 KB
  • #16,965
  • Apr 4, 2013 6:27am Apr 4, 2013 6:27am
Closed my AUDUSD for 55 pips and that gives me 8% this week :-D please remember I am demo trading this until I am confident so results are fake...

Will look for some entries and post if I find....
@pawpaw1000 on Twitter
  • #16,966
  • Apr 4, 2013 6:42am Apr 4, 2013 6:42am
Just thought I would post my results from this mornings action: -

EURCHF 18 pips Sell
EURUSD 20 pips Sell
GBPUSD 75 pips Sell
USDJPY 185 pips Buy
AUDUSD 55 pips Sell
USDCHF 37 pips Buy

Add this to Mondays 201 pips and thats 591 for the week.

I post these results as I have been following this thread for a long time and it took me an age to read it all and in doing so has enabled me through my own trial and error to put this method/ edge/ system into my own money management plan and trading style.
For those questioning can it work I say yes but its not black and white, we all have our own trading styles and comfort levels. You have to figure those out for yourself!

Thanks to all the senior members throughout the years on this thread your generosity is above and beyond.

Regards

Adam
  • #16,967
  • Apr 4, 2013 6:46am Apr 4, 2013 6:46am
Quoting redfan
is this going to turn to a short AUD/JPY if tdi turn above 68 line and the candle hit 99800res it look a good setup will wait and see. {image}
Going short anything against the Yen is quite dangerous mate. Perhaps look for long entries as any comment from Japan can send it into the stratosphere.

I don't see any trades worth taking now... Will wait for tonight to check AUD and NZD crosses for a trade, if nothing, wait for NFP tomorrow ;-)
@pawpaw1000 on Twitter
  • #16,968
  • Apr 4, 2013 6:54am Apr 4, 2013 6:54am
Quoting adamjhdavis
Just thought I would post my results from this mornings action: - EURCHF 18 pips Sell EURUSD 20 pips Sell GBPUSD 75 pips Sell USDJPY 185 pips Buy AUDUSD 55 pips Sell USDCHF 37 pips Buy Add this to Mondays 201 pips and thats 591 for the week. I post these results as I have been following this thread for a long time and it took me an age to read it all and in doing so has enabled me through my own trial and error to put this method/ edge/ system into my own money management plan and trading style. For those questioning can it work I say yes but its...

Congratulations on the great results. It is a great feeling when you work really hard on something and make it happen
  • #16,969
  • Apr 4, 2013 6:57am Apr 4, 2013 6:57am
Quoting Favorite
I'm sorry if I mislead you, but I said before - I don't trade TMS anymore, so my M1 trading is completely different system. I explained my M1 trading in these three posts: http://www.forexfactory.com/showthre...49#post6543449 http://www.forexfactory.com/showthre...88#post6550788 http://www.forexfactory.com/showthre...09#post6554309 But you can watch for H1 TMS signals and then go to M1 - to enter with the smallest drawdown possible.
Thank you very much for your help. I hope to have enough time to study your strategy in this weekend. I like so much to look at 1M chart because this TF is so proper for me. In the present I trade on 15M TF but is so slow for me! Thanks again!
  • #16,970
  • Apr 4, 2013 7:07am Apr 4, 2013 7:07am
Anybody long on GBPCHF based on the that last candle and TDI cross?
  • #16,971
  • Apr 4, 2013 7:27am Apr 4, 2013 7:27am
Hello,
My results for this week (didn't trade 2day and will not tmwr..) I will trade demo only LO with NY overlap H1 TF. Trade with basic eelfranz rules, this is my first week.
Addition rules, only one trade at time, R:R = 1, watching six pairs only, main task is to get practice with tracing right entries, get confidence. 6 trades was taken, all closed positively, but only two reached TP, rest closed BE+ 1-2 pips. The later "investigation " say all of them should be positively closed at TP, just SL moved to BE to early, 2 longs and 4 shorts, over 40 pips gained, comparing last week it's great achievement (11 losers in row but on M15).Next week will continue with only variation concerning MM. Will follow method described by gentleman with nick name dcginc based on ATR.
JacekPreserve Precious Capital
  • #16,972
  • Edited 7:52am Apr 4, 2013 7:27am | Edited 7:52am
Quoting pawpaw1000
Going short anything against the Yen is quite dangerous mate. Perhaps look for long entries as any comment from Japan can send it into the stratosphere. I don't see any trades worth taking now... Will wait for tonight to check AUD and NZD crosses for a trade, if nothing, wait for NFP tomorrow ;-)
thank you for your comment will make a note of it.
i am still on a demo site . but thank again.

ps. can any one give me a link to a pip counter indicator.
it counts the number of pips from your entrie point to your stop point on the chart.
  • #16,973
  • Apr 4, 2013 7:43am Apr 4, 2013 7:43am
Quoting Flaviu1981
Thank you very much for your help. I hope to have enough time to study your strategy in this weekend. I like so much to look at 1M chart because this TF is so proper for me. In the present I trade on 15M TF but is so slow for me! Thanks again!
That's great! Maybe we'll even work together!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,974
  • Apr 4, 2013 9:31am Apr 4, 2013 9:31am
Quoting Jackub
Hello, My results for this week (didn't trade 2day and will not tmwr..) I will trade demo only LO with NY overlap H1 TF. Trade with basic eelfranz rules, this is my first week. Addition rules, only one trade at time, R:R = 1, watching six pairs only, main task is to get practice with tracing right entries, get confidence. 6 trades was taken, all closed positively, but only two reached TP, rest closed BE+ 1-2 pips. The later "investigation " say all of them should be positively closed at TP, just SL moved to BE to early, 2 longs and 4 shorts, over...
Hi Jack Where can i find of dcginc on ATR of his method ,
  • #16,975
  • Apr 4, 2013 9:34am Apr 4, 2013 9:34am
Quoting terminator12
Hi Jack Where can i find of dcginc on ATR of his method ,
Attached File(s)
File Type: pdf dcginc posts.pdf   880 KB | 590 downloads



Please find enclosed all document with his posts, has been posted already sometime ago here but I find it very helpfull for me and load it again with plesure.
Best Regards
JacekPreserve Precious Capital
  • #16,976
  • Apr 4, 2013 10:02am Apr 4, 2013 10:02am
anyone still in a yen pair?
  • #16,977
  • Apr 4, 2013 12:25pm Apr 4, 2013 12:25pm
Decided to stay out of markets. Too volatile.
Attached Image (click to enlarge)
Click to Enlarge Name: apr 4 london open gbp.usd.h1.png Size: 50 KB




Hey guys, I was wondering if any of you chose not to enter for USD.CHF(long) and EUR.USD(short) at London open? Even though those trades would've resulted in a loss, did PA and tdi gave any indication?

Any advice appreciated

London P/L:-40
New York P/L: NA
Daily total:-40

London P/L:800
New York P/L:-60

Aggregate Trades: 83
Aggregate P/L: 740
  • #16,978
  • Apr 4, 2013 12:44pm Apr 4, 2013 12:44pm
Quoting tenmilewalk
Decided to stay out of markets. Too volatile. {image} Hey guys, I was wondering if any of you chose not to enter for USD.CHF(long) and EUR.USD(short) at London open? Even though those trades would've resulted in a loss, did PA and tdi gave any indication? Any advice appreciated London P/L: -40 New York P/L: NA Daily total: -40 London P/L: 800 New York P/L: -60 Aggregate Trades: 83 Aggregate P/L: 740
Hi,

These are my results today for those pairs: -

EURUSD 20 pips Sell
USDCHF 37 pips Buy

I don't understand how they could be losers! although I was watching them a couple of hours before LO.
Both gave good entry and exit signals on my charts.

Regards

Adam
  • #16,979
  • Apr 4, 2013 12:49pm Apr 4, 2013 12:49pm
Thanks adam

I usually set a constant 40:60 and 40:40 for EUR.USD and USD.CHF Unfortunately, I am in bed during London. debating whether I should stay up during those hours to monitor the trades
  • #16,980
  • Apr 4, 2013 12:54pm Apr 4, 2013 12:54pm
Quoting tenmilewalk
Thanks adam I usually set a constant 40:60 and 40:40 for EUR.USD and USD.CHF Unfortunately, I am in bed during London. debating whether I should stay up during those hours to monitor the trades
No problem mate.

I'm living London time zone but work night shifts which means being very tired staying up to watch but I think the results up the % win rate.
Like many I'm trying to get to a position where I have a high enough win rate and bank to do it for a living so that keeps me up and well focused (most of the time)

Just my opinion.
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