Trading Made Simple | Page 1159 | 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

  • #23,161
  • Aug 13, 2013 7:58am Aug 13, 2013 7:58am
Quoting Phx62
EJ H1......Re-entered the trend at LO......exited on a hook over of the TDI green and the M15 showed a couple of red candles......{image}
phx62 : hello
what is the yellow line on your TDI chart. could you tell me the benefits of that?

thank you
Come tomorrow, I'll wake up new
  • #23,162
  • Aug 13, 2013 8:18am Aug 13, 2013 8:18am
Quoting gsbharaj
i have entered the eur/jpy short trade. the price is returning from the monthly pivot point.. hope the trade goes in my direction {image}
FYI.....as a general rule, once price moves in one direction for 70 or more pips on the EU or EJ, it will seldom reverse and move the opposite direction without a period of consolidation (a big news release can move it).....I would not expect price to move short very far unless there is some consolidation first...but there can always be an exception to that rule in my trading plan.......
  • #23,163
  • Aug 13, 2013 8:18am Aug 13, 2013 8:18am
EURJPY 1H

Trades entered.(3/3) Crossing of TDI well above 68 line. Second candle of Red with a tight SL(30-34). R:R around 1:1, 1:2.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 1h.png Size: 25 KB
  • #23,164
  • Aug 13, 2013 8:20am Aug 13, 2013 8:20am
Quoting Phx62
{quote} FYI.....as a general rule, once price moves in one direction for 70 or more pips on the EU or EJ, it will seldom reverse and move the opposite direction without a period of consolidation (a big news release can move it).....I would not expect price to move short very far unless there is some consolidation first...but there can always be an exception to that rule in my trading plan.......
True but I believe a small retracement is possible to before more upward movement. Anyway, I entered few positions with tight SL. Gambling 3% of my EU profits.
  • #23,165
  • Aug 13, 2013 8:23am Aug 13, 2013 8:23am
Also, I saw this on my another account broker. So, I opt for the risk despite my another broker not having this on 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 4h bar.png Size: 23 KB
  • #23,166
  • Aug 13, 2013 8:23am Aug 13, 2013 8:23am
Quoting farhad10
{quote} thanks a lot for your reply one question: where should i paste the TDI Red Green.mq4?! i pasted it in the expert then indicators folder but now i can't use it at mt4?! it is not in the indicator list! best regards

You need to re-start your MT4 platform...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,167
  • Aug 13, 2013 8:25am Aug 13, 2013 8:25am
Quoting Phx62
{quote} FYI.....as a general rule, once price moves in one direction for 70 or more pips on the EU or EJ, it will seldom reverse and move the opposite direction without a period of consolidation (a big news release can move it).....I would not expect price to move short very far unless there is some consolidation first...but there can always be an exception to that rule in my trading plan.......
thank you for the heads up. that goes into my journal.

i see that the h4 200EMA is also there i am hoping that it goes down from here.
Come tomorrow, I'll wake up new
  • #23,168
  • Aug 13, 2013 8:41am Aug 13, 2013 8:41am
Quoting FxLapozi
1H EURNZR, R:R 1:1++ Bounce trade. Entered probably a little late but the R:R is delicious. So entered one position for this. Reasons: Price below EMA Resistance {image}
Out, -20pips.
  • #23,169
  • Edited 9:14am Aug 13, 2013 8:49am | Edited 9:14am
Quoting gsbharaj
{quote} phx62 : hello what is the yellow line on your TDI chart. could you tell me the benefits of that? thank you
It is called the Market Base Line and is a slower MA which indicated trend direction.....a cross of green and red over the MBL usually indicates a strong price movement is coming......the creator, Dean Malone at Compass FX also used the MBL as a conservative entry....when green crossed yellow a more conservative trade could be made....Big E did not use the MBL on his platform....he just used the green RSI line and the red Trade Signal Line.
  • #23,170
  • Aug 13, 2013 8:53am Aug 13, 2013 8:53am
Quoting FxLapozi
{quote} Out, -20pips.
Nasty up-spike
Don’t ever let someone tell you that you can’t do something.
  • #23,171
  • Aug 13, 2013 9:00am Aug 13, 2013 9:00am
Quoting Phx62
{quote} FYI.....as a general rule, once price moves in one direction for 70 or more pips on the EU or EJ, it will seldom reverse and move the opposite direction without a period of consolidation (a big news release can move it).....I would not expect price to move short very far unless there is some consolidation first...but there can always be an exception to that rule in my trading plan.......
Thank You !!
  • #23,172
  • Aug 13, 2013 9:09am Aug 13, 2013 9:09am
Quoting Phx62
{quote} It is called the Market Base Line and is a slower MA which indicated trend direction.....a cross of green and red over the MBL usually indicates a strong price movement is coming......the creator, Dean Malone at Compass FX also used the MBL as a conservative entry....when green crossed yellow a more conservative trade could be made.
do you have any indicator for the same?
Come tomorrow, I'll wake up new
  • #23,173
  • Aug 13, 2013 9:10am Aug 13, 2013 9:10am
chfjpy +34
nzdjpy +30
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy!h1.png Size: 37 KB
Attached Image
Persian Gulf forever
  • #23,174
  • Aug 13, 2013 9:12am Aug 13, 2013 9:12am
Quoting FxLapozi
EURJPY 1H Trades entered.(3/3) Crossing of TDI well above 68 line. Second candle of Red with a tight SL(30-34). R:R around 1:1, 1:2. {image}
EURJPY Trades closed.

40x3 = 120pips.

Waiting for the next set up.
  • #23,175
  • Aug 13, 2013 9:13am Aug 13, 2013 9:13am
i just exited my trade on eur/jpy with 32 pips profit. oh i am happy regarding that.
going to keep the trade continue on my demo account for now as i want to backtest some aspects.
Come tomorrow, I'll wake up new
  • #23,176
  • Aug 13, 2013 9:16am Aug 13, 2013 9:16am
Quoting emmanuel7788
EU now the H4 closed as Bearish Outside Bar 'BEOB' and it is 1.3300
Emmanuel,

Were there other factors (besides BEOB) that contributed to EU (H4) being a good short at that time? Also how does BRN add up to it, what is its effect?

Just trying to apply TMS better.

Thanks in advance.
-- FxPP
  • #23,177
  • Aug 13, 2013 9:18am Aug 13, 2013 9:18am
here is another setup to take with gbp/jpy on H1. the price is touching the weekly r1 and finding resistance there. should i take the trade or not. i dont know yet. any clues?

the stochs and the TDI are in the overbought regions.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
Come tomorrow, I'll wake up new
  • #23,178
  • Aug 13, 2013 9:25am Aug 13, 2013 9:25am
Quoting gsbharaj
here is another setup to take with gbp/jpy on H1. the price is touching the weekly r1 and finding resistance there. should i take the trade or not. i dont know yet. any clues? the stochs and the TDI are in the overbought regions. {image}
Cant tell you that but with the SUDDEN SPIKE in GBP... it seems that GBP> USD now and YEN>GBP now, judging by the wick. A short term short seems on the card for GBPJPY. But I will wait until 1H bar close before deciding.
  • #23,179
  • Aug 13, 2013 9:28am Aug 13, 2013 9:28am
Quoting gsbharaj
{quote} do you have any indicator for the same?
The Market Base Line is already a part of your TDI......you just need to open the indicator and change the color of the MBL.
  • #23,180
  • Aug 13, 2013 9:32am Aug 13, 2013 9:32am
tomorrow is a big day for gbp. to break that weekly resistance the gbp needs a big move as i have noticed in the charts. so if its good day for gbp tomorrow then long it is. if not then the gbp will fall...


Quoting Phx62
{quote} The Market Base Line is already a part of your TDI......you just need to open the indicator and change the color of the MBL.
thank you
Come tomorrow, I'll wake up new
102 traders viewing now, 3 are registered:
kola.bear020
,
,
emmanuel7788