Trading Made Simple | Page 863 | 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

  • #17,241
  • Apr 9, 2013 8:18am Apr 9, 2013 8:18am
Quoting thomi
So if I understand well: bounce validated h1: Looking M5: M5 buy croos tdi
No, no!

You're supposed to look at the levels! Right now the price at the M5's TDI 68 level. It's high! And where is your stochastic?

You want the price to go to the M5's TDI 32 level or close to it and you want the price to go to the stochastic's 20 level or close to it and after that you wait for a good long M5 signal - then you enter! And right now it is already overbought - so why buy at the higher price?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,242
  • Apr 9, 2013 8:21am Apr 9, 2013 8:21am
Quoting vody105
what about EURGBP right now buy H1?
After looking on other TF i dont like it...its gonna retrace soon
  • #17,243
  • Apr 9, 2013 8:22am Apr 9, 2013 8:22am
Quoting vody105
what about EURGBP right now buy H1?
Sorry, can't say anything, I never traded EURGBP, it is a very peculiar pair.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,244
  • Apr 9, 2013 8:31am Apr 9, 2013 8:31am
Hi F,

NZDUSD is in a supply area and TDI shows a difference of about 7 on H1 and 11 on M30, being situated in 68 area. Is it a good place and moment to look for a down correction? How do you take this kind of trades? Go down on smaller TF or remain on H1 / H4? Thanks!

Quoting Favorite
Hi dunggiggs! It is the same original TDI indicator, you don't have to do anything. Just look at the last two figures (I marked them with a white circle), the first one shows the green line's data and the last one shows the red line data. Picture shows that the green line is 28.9540 and the red line is 34.7866, so the difference is 34.7866 minus 28.9540 is equal 5.8326, let's say it is 5.8 So it is much smaller than 10. When I see that the difference is closer to 8-9 I start watching closely, because usually at 10 pullback starts. {image}
  • #17,245
  • Apr 9, 2013 8:31am Apr 9, 2013 8:31am
ok thank you for the favorite explanation and sorry for my bad english.
Another question
When trading TMS, you say that you look M5 when bounce h1 and if instead of bounce there was cross tdi 1h also watching M5 you before buy ?
  • #17,246
  • Apr 9, 2013 8:34am Apr 9, 2013 8:34am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 42 KB
,

Hi Fvorite
Let me ask you one more question please, the TDI situation in circle can be treated as a bounce .. ?
Becoz definitely is not right cross...
JacekPreserve Precious Capital
  • #17,247
  • Apr 9, 2013 8:54am Apr 9, 2013 8:54am
Quoting Jackub
{image} , Hi Fvorite Let me ask you one more question please, the TDI situation in circle can be treated as a bounce .. ? Becoz definitely is not right cross...
No, Jackub, it is not a bounce, it is a very wrong and a very bad cross.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,248
  • Apr 9, 2013 8:59am Apr 9, 2013 8:59am
Quoting cristiansan
Hi F, NZDUSD is in a supply area and TDI shows a difference of about 7 on H1 and 11 on M30, being situated in 68 area. Is it a good place and moment to look for a down correction? How do you take this kind of trades? Go down on smaller TF or remain on H1 / H4? Thanks!
Hi cristiansan!

Yes, it is the right place and the right time to look for a down correction. So I'd go to M5 and wait until both TDI and stochastic are kind of overbought, close to the 68 and 80 level and then the price starts going down. Even if it won't be a very good hourly correction (who knows?), you still can make good pips going from M5's overbought level to M5's oversold level.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,249
  • Apr 9, 2013 9:01am Apr 9, 2013 9:01am
Quoting thomi
ok thank you for the favorite explanation and sorry for my bad english. Another question When trading TMS, you say that you look M5 when bounce h1 and if instead of bounce there was cross tdi 1h also watching M5 you before buy ?
Yes, exactly!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,250
  • Apr 9, 2013 9:02am Apr 9, 2013 9:02am
Quoting Favorite
No, Jackub, it is not a bounce, it is a very wrong and a very bad cross.
Thank you...
JacekPreserve Precious Capital
  • #17,251
  • Apr 9, 2013 9:05am Apr 9, 2013 9:05am
Guys, but please understand: me going to M5 - it is my way. In the BigE's rules you're supposed to enter at the beginning of the hourly candle in question. I go to M5 to make this trade safer and to decrease the drawdown, it also helps to decrease the SL and to handle the news more effectively.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,252
  • Apr 9, 2013 9:05am Apr 9, 2013 9:05am
Quoting Jackub
Thank you...
Good luck, Jackub!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,253
  • Apr 9, 2013 9:09am Apr 9, 2013 9:09am
Quoting Favorite
Yes, exactly!
Thanks! That is what i did, regarding entries. I can not say the same for exits... Could have let them running down a bit more.
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 11 KB
  • #17,254
  • Apr 9, 2013 9:36am Apr 9, 2013 9:36am
Quoting cristiansan
Thanks! That is what i did, regarding entries. I can not say the same for exits... Could have let them running down a bit more.
Yes, the right entries and overall the good trades. I agree with you about the exits, but the exits are the worst part of the TMS system, always were and always will be.

I use TMAs for the exits, I explained it in my Babon-system.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,255
  • Apr 9, 2013 11:05am Apr 9, 2013 11:05am
Quoting Favorite
Yes, the right entries and overall the good trades. I agree with you about the exits, but the exits are the worst part of the TMS system, always were and always will be. I use TMAs for the exits, I explained it in my Babon-system.
Where would I find your Babon-system??

Thanks
  • #17,256
  • Apr 9, 2013 11:27am Apr 9, 2013 11:27am
Quoting Favorite
Yes, the right entries and overall the good trades. I agree with you about the exits, but the exits are the worst part of the TMS system, always were and always will be. I use TMAs for the exits, I explained it in my Babon-system.
I am also interested in babon system. Could you pls link it?
Thank you!
Regards,
Philip
  • #17,257
  • Apr 9, 2013 11:30am Apr 9, 2013 11:30am
Quoting vody105
I am also interested in babon system. Could you pls link it? Thank you! Regards, Philip
use google search on FF for Babon system and you find links, crazy system , not for me...
JacekPreserve Precious Capital
  • #17,258
  • Apr 9, 2013 11:32am Apr 9, 2013 11:32am
Quoting vody105
I am also interested in babon system. Could you pls link it? Thank you! Regards, Philip


http://www.forexfactory.com/printthr...&pp=15&page=47
JacekPreserve Precious Capital
  • #17,259
  • Apr 9, 2013 12:10pm Apr 9, 2013 12:10pm
I'm sure I already posted the links here.

Post 930 - Babon's rules, templates, indicators:
http://www.forexfactory.com/showthre...49#post6543449

Posts 1085 and 1146 - important TMA patterns, they are a part of the system too:
http://www.forexfactory.com/showthre...88#post6550788
http://www.forexfactory.com/showthre...09#post6554309
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,260
  • Apr 9, 2013 12:30pm Apr 9, 2013 12:30pm
Quoting Favorite
I'm sure I already posted the links here. Post 930 - Babon's rules, templates, indicators: http://www.forexfactory.com/showthre...49#post6543449 Posts 1085 and 1146 - important TMA patterns, they are a part of the system too: http://www.forexfactory.com/showthre...88#post6550788 http://www.forexfactory.com/showthre...09#post6554309
Once I was trying system M1 called 1m1t based on MACD, few guys was doing well, I was permanently loosing, everything goes so fast, I have problems with M15 timeframe and H1 even (todays case). So, for me is difficult to me imagine how people are doing money on that and using high leverage!!??
To trade on M1, trader has to be a really very experiensed..
JacekPreserve Precious Capital
309 traders viewing now, 1 is registered:
Dasani