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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

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Trading Made Simple

  • #24,781
  • Sep 8, 2013 7:48am Sep 8, 2013 7:48am
AUD USD
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  • #24,782
  • Sep 8, 2013 7:48am Sep 8, 2013 7:48am
i would want to short the EUR/JPY at the moment. i may be wrong but thats just my 2 cents
Come tomorrow, I'll wake up new
  • #24,783
  • Sep 8, 2013 7:57am Sep 8, 2013 7:57am
GBP USD
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  • #24,784
  • Sep 8, 2013 8:04am Sep 8, 2013 8:04am
GBP JPY
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  • #24,785
  • Sep 8, 2013 8:09am Sep 8, 2013 8:09am
Quoting gsbharaj
i would want to short the EUR/JPY at the moment. i may be wrong but thats just my 2 cents

reading this post, I sense that you do have a serious problem in knowing how to trade this forex market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,786
  • Sep 8, 2013 8:11am Sep 8, 2013 8:11am
EUR USD
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  • #24,787
  • Sep 8, 2013 8:29am Sep 8, 2013 8:29am
Quoting gsbharaj
i would want to short the EUR/JPY at the moment. i may be wrong but thats just my 2 cents
fundamental: yen could strengthen more depending geo politics, EUR weakness could impact pair
technical: on W last candle is bullish and we have a triangle formation
on daily we might have a cross but tdi is flat
looking for a setup around 130

what are ur observations emanuel?
  • #24,788
  • Sep 8, 2013 8:36am Sep 8, 2013 8:36am
Quoting munirpt
AUD USD {image}
nice analysis, thanks!

for AUD/USD i think A is more likely as I am seeing bearish divergence on H4.
  • #24,789
  • Sep 8, 2013 9:51am Sep 8, 2013 9:51am
After an afternoon of searching to find out how the MBL is calculated, and failing, could someone please point me in the right direction? (I know Phx62 recently referred to it as a longer moving average.)
Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #24,790
  • Sep 8, 2013 10:06am Sep 8, 2013 10:06am
Quoting Kanderpro
After an afternoon of searching to find out how the MBL is calculated, and failing, could someone please point me in the right direction? (I know Phx62 recently referred to it as a longer moving average.) Thanks, Kan
MBL is the 34 period simple moving average of RSI 13 period
  • #24,791
  • Sep 8, 2013 10:11am Sep 8, 2013 10:11am
Quoting munirpt
{quote} MBL is the 34 period simple moving average of RSI 13 period
Thanks, munirpt
Thanks for your help, warmth and straight talking Heather.
  • #24,792
  • Sep 8, 2013 12:52pm Sep 8, 2013 12:52pm
Skype Chat Room

After a pretty good response in regards to the TinyChat Chat room, its been brought to my attention that there is a pretty large demand to use a Skype chat room.

I have Downloaded Skype, if you wish to involved in group chats from 0700 GMT (Frankfurt Open) on wards throughout the day then Add me on Skype as Joe Phippard and hopefully we can all become the traders we want to be.

Skype Name: Joe Phippard

Thank you Joe
  • #24,793
  • Edited 5:33pm Sep 8, 2013 5:19pm | Edited 5:33pm
Quoting henkipips
{quote} fundamental: yen could strengthen more depending geo politics, EUR weakness could impact pair technical: on W last candle is bullish and we have a triangle formation on daily we might have a cross but tdi is flat looking for a setup around 130 what are ur observations emanuel?

on D chart, it is recent Bull Market with a Contracting Symmetrical triangle - Declining tops, Rising bottoms....
we should see five contracting waves (a), (b), (c),(d), .... then when we see wave (e) and confirm that, the breakout will be bullish.

edited:
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,794
  • Sep 8, 2013 7:09pm Sep 8, 2013 7:09pm
Quoting Xaphod
MTF TDI with blue lines set to no color based on a version of the TDI that updates in real time. The previous version is here: http://www.forexfactory.com/showthre...32#post4160332 {image} {file} {file}
Hi Xaphod,
I've just found this entire thread, and after seeing many Indi's in the 1st 100 posts have gone to the back
to see what indicators you are all using. Can you or someone suggest where I might start or is this the latest
development right here??
Great Work Regards KOOKY
  • #24,795
  • Sep 8, 2013 7:09pm Sep 8, 2013 7:09pm
Quoting emmanuel7788
Head and Shoulders chart pattern: H&S chart pattern on H4 is quite rare these days. Usually, we only look out for H&S after a huge market move like a recent bullish rally in EURNZD whuich hit a recent significant high. There is market psychology when market rallied and hitting that recent High. See chart below. {image} Looking at the EURNZD chart above, what do you think is the psychology behind the buyers and sellers forming that Left Shoulder and then forming the Head?

i think head is a fake breakout, and RS is an attempt to sell at retracement rather than at bottom. not that i think about that too much lol
  • #24,796
  • Sep 8, 2013 7:13pm Sep 8, 2013 7:13pm
@munirpt your basic analysis reminds me of the WTDA of dear Rick Galloway. simple yet a very solid reasons behind. hope you get back soon and share more (yep selfish me)
  • #24,797
  • Sep 8, 2013 7:23pm Sep 8, 2013 7:23pm
Which is you this week?
You can choose to be the goose on the ground, swimming in the pond, or just nursing an injury,
or you can choose to be one in the flock flying in formation,
if you are in the flock, you can honk those flying in front to keep the speed, and telling them you are following,
or you can catch up and be the leading goose for the day,
if you see a goose dropping out of the formation, do fly along with it until it can keep up with the flying pace again, ..

Have a Good Flight this week.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,798
  • Sep 8, 2013 8:11pm Sep 8, 2013 8:11pm
Here is a friendly reminder to trade only as the system says to. Do not add more stuff to it. It seems we get alot of guys on here that look at all kinds of stuff to add to the system, just find Big E's .pdf and read it over and over, and if you don't know the basics of Forex go to Babypips and learn. This is from Snarlyjack:

"Hey Gents,
I trade this system exactly like Eelfranz has laid it out!!!
Everytime I out think myself and add indicators (other indicators,
fib lines, pivots, things that look very pretty as in the guppy
system, etc.) I lose money.
Every time that I stick with exactly the system as laid out and learn
how to trade the system I make lot's of money!!!
Learn this system exactly as laid out by Eelfranz and drop all the
other stuff and you'll do great. You have to have confidence in yourself
and the system. Learn to live and die with this system as laid out
on page #1 and you'll be able to retire soon. If you keep fooling
with the system who knows when you'll be able to retire (maybe
never).
So...gents that's the real secret to this system...

snarlyjack"

Any time i start venturing away from this systems original setup, i always go back and remind myself to trade it as its laid out, nothing more. Again this is just a reminder to not over-complicate things. Good trading to y'all this week!
  • #24,799
  • Sep 8, 2013 8:59pm Sep 8, 2013 8:59pm
Quoting WDays
{quote} I believe you misunderstand. The concept of "expected value" implies that it has been factored in the current price already. It is a "higher than expected"/"Lower than expected" value that will cause a logical response from the market (rally if good, drop if bad). The high probability way of trading the news is letting the market choose its direction. Let the dust settle. Trading the news is not so much about what the data is, good or bad, it is about how the market reacts to said data, be it good or bad. The reason why it is so hard...
ok, i think u answered my question. there is no way we can determine how the market reacts to certain data.
  • #24,800
  • Sep 8, 2013 10:45pm Sep 8, 2013 10:45pm
Quoting Agk007
Here is a friendly reminder to trade only as the system says to. Do not add more stuff to it. It seems we get alot of guys on here that look at all kinds of stuff to add to the system, just find Big E's .pdf and read it over and over, and if you don't know the basics of Forex go to Babypips and learn. This is from Snarlyjack: "Hey Gents, I trade this system exactly like Eelfranz has laid it out!!! Everytime I out think myself and add indicators (other indicators, fib lines, pivots, things that look very pretty as in the guppy system, etc.) I lose...

Every time I read someone repeat this reminder, I said to myself; "Did the person really fully understood the way Big E traded and what his money management rules were, and whether this person had done 100 trades himself/herself to have such confidence to post this reminder quoting from snarlyjact".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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