Trading Made Simple | Page 1398 | 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

  • #27,941
  • Dec 1, 2013 6:41pm Dec 1, 2013 6:41pm
Quoting kwonkicker
{quote} Hi Phx. Lemme tell you that your style is my favorite. Tho im yet to figure it out, its always tempting to be able to trade on one tf only and catch almost all swings. BUT, i always notice that your entries are off at least i think they are. As i understand, cross is confirmed upon the close of that candle, bu your entries are almost always early, the latest example (one of 'em anyhow) being your 200pips blockbuster EURJPY trade. The signal candle closed - thus confirmed - at 137.9s, your entered the trade somewhere around 137.55-137.60....
That trade was entered at 137.614, about 7 pips after the open of the 3rd blue candle. At the OPEN of that candle, the TDI green crossed over the red and the gray MBL. The Traders Dynamic Index that I use was downloaded from the Compass FX several years ago and the crosses occur only at the close/open of each candle. They do not move in real time (if there is a very long candle, the lines will move slightly). At the close of the candle where your red arrow is pointing, the TDI green crossed over the 68 line, well above the red line.
Regards.....
  • #27,942
  • Dec 1, 2013 7:00pm Dec 1, 2013 7:00pm
Quoting ttskyway
{quote} hi Heispark: The H4 Hi-Lo lines (Black).ex4 indicator start giving me the expire error today. Do you still use it and have the same problem? Thanks!
I don't use that indi anymore but i experience the same problem when i turn on this indi. Perhaps it's due to recent MT4 update...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #27,943
  • Dec 2, 2013 12:06am Dec 2, 2013 12:06am
Quoting Bizzzle
{quote} Holding EU and GU for 1.6400. Good luck {image}
GU- two of my Gu trades TP @1.6400

+277
+243

Still holding one position on GU and my other trades.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 2nd.png Size: 29 KB
Give yourself a chance and trade it like it's layed out...
  • #27,944
  • Dec 2, 2013 3:00am Dec 2, 2013 3:00am
Quoting Bizzzle
{quote} GU- two of my Gu trades TP @1.6400 +277 +243 Still holding one position on GU and my other trades. {image}
These are fascinating trades, looking at your chart and the way you handle and manage these trades is something am fond of and wish that I can achieve this way of trading someday, thanks for continues teaching

Took this trade, a cross of TDI already formed, entered on the break of double tops on last 2 candles, exit with +10 pips at RN 139.500 since PA is stalling around this structure
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_Mon.jpg Size: 178 KB
I Have Learned to Take Some Losses to Make Profits
  • #27,945
  • Dec 2, 2013 3:47am Dec 2, 2013 3:47am
Quoting TheScorpS
{quote} These are fascinating trades, looking at your chart and the way you handle and manage these trades is something am fond of and wish that I can achieve this way of trading someday, thanks for continues teaching Took this trade, a cross of TDI already formed, entered on the break of double tops on last 2 candles, exit with +10 pips at RN 139.500 since PA is stalling around this structure {image}
Thanks mate and I would defo recommend you try 4 hour trading on demo see how u feel?

Best of luck and good trade
Give yourself a chance and trade it like it's layed out...
  • #27,946
  • Dec 2, 2013 4:11am Dec 2, 2013 4:11am
Quoting Phx62
EJ trades last week. H1....lots of sideways movement at the beginning of the week....mostly scalp trading with entries on M15 crosses......did manage a couple of nice trades later in the week. H4....just one trade on H4....still using 1/2 lots as I continue to learn more about the H4 nuances....still a nice trade that barely hit TP. As Emmanuel had pointed out, there was some major resistance at that level, so I placed my stop right at the resistance.{image}{image}
Phx62,

thank you for showing how you managed the sideways action on EURJPY last week.

Up to now I traded TMS on D1 and now try to apply your approach (as I understood up to now) on H1. I am working furthermore on your pdfs and have tried to transfer this last week on the EJ, but had (like you) problems to target the 50 pips especially the first days of the week, where the max. moves were about 25 - 30 pips after an entry.

I am interested in how you decide, when you move your focus from the original target of 50 pips to a reduced target - to rescue the pips before they were melted away...

Afterwards it is easy to see on the chart, but during the "production" of the candle I find it difficult to delimit the "normal" forward / backward move on this timeframe of the PA from the point where I should exit.
Sometimes the bar gets for some minutes the opposite color during the hour, only to resume the move in the right direction some minutes later.

Following your appoach I was sometimes +30 pips in profit, just to look like they melted away, and I exited finally with only +5 to +10 pip.

Same thing this morning on EJ. After H1-signal at 7am GMT+1 this morning we go up about +23 pips. I know we are in an interesting S/R area from 2009.

As I saw the pips melting again like last monday/tuesday, my finger (or rather my brain) was a little to fast and I closed the position with +10 pips (looking on PA of EURUSD in parallel). 5 min afterwards (on the opening of the 10 am candle again in blue) I thougth that that was a fault and reentered. But as you see now, that was rather the fault.
But ok, sticking not to my plan should be punished - and so it was: Now I turned the not realized +23 pips into -5 realized pips on my account, because I was not able to distinguish a 50/100 pips potential from the 20 pips.

fxfox
PS: It is interesting that you want to take a deeper look on H4. What's the reason, is it too stressful on H1?
Perhaps I should focus more on H4 than on H1...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-12-02 10.50 GMT+1 EURJPY.png Size: 199 KB
fxFox (all times in my charts are GMT+1)
  • #27,947
  • Dec 2, 2013 6:10am Dec 2, 2013 6:10am
Hello folks, entered some H4 trades last night after TO, and this morning. I am aware these are many trades, and that it's pretty dumb to risk so much, but since I'm just demo testing a new H4 plan I find it easier to learn and let it sink in if I actually take the trades. I'm just starting to make a H4 trading plan so money management for live trading isn't my priority atm (except SL at previous H/L and moving it at B/E after at least 20 move my way)

Still ongoing (except last two), pips mentioned is just roughly the position at this moment, no hard TP set.

E/U sell +35
E/CAD sell +10
U/C buy + 30

U/J buy +10
G/J buy +55
A/J buy +40 ... Edit - On the chart below I had forgotten to put a buy stop above the break of the red candle, so I was late for a nice early entry
N/J buy +90 ... Same thing (identical, no need to post the chart)

E/A sell +70
E/N sell + 120

A/U buy +10
N/U buy +50 - both closed manually after pullback from round number and 200ema

I'm posting a few charts that I took on MT4, others I executed only on another platform. Correlated pair charts look identical.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy-h4-oanda-division4.png Size: 49 KB
Click to Enlarge Name: gbpjpy-h4-oanda-division4.png Size: 43 KB
Click to Enlarge Name: euraud-h4-oanda-division4.png Size: 45 KB
Click to Enlarge Name: eurusd-h4-oanda-division4-2.png Size: 33 KB
  • #27,948
  • Dec 2, 2013 8:32am Dec 2, 2013 8:32am
Quoting Bizzzle
{quote} GU- two of my Gu trades TP @1.6400 +277 +243 Still holding one position on GU and my other trades. {image}
GU- Close last long for 85pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU 2nd 2.png Size: 28 KB
Give yourself a chance and trade it like it's layed out...
  • #27,949
  • Dec 2, 2013 8:34am Dec 2, 2013 8:34am
Quoting Lane
Hello folks, entered some H4 trades last night after TO, and this morning. I am aware these are many trades, and that it's pretty dumb to risk so much, but since I'm just demo testing a new H4 plan I find it easier to learn and let it sink in if I actually take the trades. I'm just starting to make a H4 trading plan so money management for live trading isn't my priority atm (except SL at previous H/L and moving it at B/E after at least 20 move my way) Still ongoing (except last two), pips mentioned is just roughly the position at this moment, no...
Nice trading mate keep it up

P.s careful putting stops to brerak-even too early best of luck
Give yourself a chance and trade it like it's layed out...
  • #27,950
  • Dec 2, 2013 8:40am Dec 2, 2013 8:40am
Eu- Out at Break-even and two half positions:

+30 pips
+88 pips

Still holding EJ and GJ longs!
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 2nd.png Size: 32 KB
Give yourself a chance and trade it like it's layed out...
  • #27,951
  • Dec 2, 2013 9:22am Dec 2, 2013 9:22am
Quoting Bizzzle
Eu- Out at Break-even and two half positions: +30 pips +88 pips Still holding EJ and GJ longs! {image}

Evening Bizzzle,
I wonder if you can help me please, I have tried and can not get the MA on the charts, can you help me with this please.

cheers

Markup
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,952
  • Dec 2, 2013 9:42am Dec 2, 2013 9:42am
Quoting Mark up
{quote} Evening Bizzzle, I wonder if you can help me please, I have tried and can not get the MA on the charts, can you help me with this please. cheers Markup
Try this:
Attached Image (click to enlarge)
Click to Enlarge Name: Ma.png Size: 23 KB
Give yourself a chance and trade it like it's layed out...
  • #27,953
  • Dec 2, 2013 9:51am Dec 2, 2013 9:51am
Quoting Bizzzle
{quote} Try this: {image}

Thanks Bizzzle,
Thats the path I have followed, its just didnt seem to want to go with the downloads for the candles. I will try again cheers.

Markup.
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,954
  • Dec 2, 2013 9:57am Dec 2, 2013 9:57am
Quoting Bizzzle
{quote} Try this: {image}

I see that you are in a different time zone Bizzzle, that may be why my charts look different to yours.
I am in AU. and my candles do not match your charts.
cheers
Markup
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,955
  • Dec 2, 2013 9:58am Dec 2, 2013 9:58am
Quoting Mark up
{quote} I see that you are in a different time zone Bizzzle, that may be why my charts look different to yours. I am in AU. and my candles do not match your charts. cheers Markup
That sounds way weird. Could you post a picture of your chart?
  • #27,956
  • Dec 2, 2013 10:14am Dec 2, 2013 10:14am
Quoting WDays
{quote} That sounds way weird. Could you post a picture of your chart?
Attached Image (click to enlarge)
Click to Enlarge Name: EU US.JPG Size: 79 KB
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,957
  • Dec 2, 2013 10:18am Dec 2, 2013 10:18am
Quoting WDays
{quote} That sounds way weird. Could you post a picture of your chart?

My settings are EMA 5 shifted 1 on close
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,958
  • Dec 2, 2013 10:38am Dec 2, 2013 10:38am
Quoting Mark up
{quote} My settings are EMA 5 shifted 1 on close
Mine is the 5ema shifted 2 on close!
Hope that helps
Give yourself a chance and trade it like it's layed out...
  • #27,959
  • Dec 2, 2013 10:40am Dec 2, 2013 10:40am
Quoting Mark up
{quote} My settings are EMA 5 shifted 1 on close
The MA is a 5;2 SMA on typical HLC/3... The APB are different because I'm assuming it is some broker related issue, if you look closely mine are also different from Bizzle's. My broker shuts down at around midnight local time and reopens a few minutes later, which alters the time the next few candles print... This is what makes my APB candles weird. You may have the same issue...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 84 KB
  • #27,960
  • Dec 2, 2013 10:46am Dec 2, 2013 10:46am
Quoting WDays
{quote} The MA is a 5;2 SMA on typical HLC/3... The APB are different because I'm assuming it is some broker related issue, if you look closely mine are also different from Bizzle's. My broker shuts down at around midnight local time and reopens a few minutes later, which alters the time the next few candles print... This is what makes my APB candles weird. You may have the same issue... {image}
Thanks for the info WDays,

Yes, I understand. My broker starts there day at 08:00 local time. My first H4 candle is finished painting at 12 noon local time. So yes It must be a broker related issue. thanks for your info its great.
cheers
markup
Make sure that the light at the end of the tunnel is not an on coming train
37 traders viewing now