Trading Made Simple | Page 1468 | 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

  • #29,341
  • Jan 16, 2014 11:53am Jan 16, 2014 11:53am
Quoting plateau
{quote} Good trades Imi. If you don't mind, what is the indicator that you're using (the daily and weekly highs and lows)?
It draws the D-W-M high and lows.
here http://www.forexfactory.com/showthre...33#post7100433
If you're going through hell, keep going. Winston Churchill
  • #29,342
  • Jan 16, 2014 12:01pm Jan 16, 2014 12:01pm
In regards to the EURJPY H1 trade this morning just before the NYO I hesitated and missed that boat. I saw the setup in the TDI with the impending bounce low under the MBL but dididn't take the trade as I looked at the news releases for the morning. The USD Core CPI and Unemployment were being released so I decided I should stay away from those. BUT, in hindsight of course the trade would have been a good one although the price had a good swing up and down during the release which would have taken out any SL I would have had in place.

When some of you took that trade did you thnk about the coming news release? Was the idea to let your SL handle any unfortunate change in direction? I'm just trying to get a feel for when the high impact news releases impact your decisions.
  • #29,343
  • Jan 16, 2014 12:04pm Jan 16, 2014 12:04pm
Got out with +20 before news. (I use the 30 minute chart.)
My favorite crochet hook is size J. It's a J-Hook!
  • #29,344
  • Jan 16, 2014 12:11pm Jan 16, 2014 12:11pm
Quoting Helanka
{quote} This is my trades today.Total +64 pip. I tested some EA trailling stop setting & it closed my trades before it reached TP.But i enter again when price pull back .all trades EURJPY H1 time frame according to the H4 trend. Thanks emmanuel/wdays/phx62/imi/lastingwell you all helped me to study this system. Thanks, Helanka {image}
Nice job Your first entry was a tiny bit late, but good nonetheless. As you can see a lot of us took it.
  • #29,345
  • Edited 1:46pm Jan 16, 2014 12:51pm | Edited 1:46pm
Quoting shoktrader
In regards to the EURJPY H1 trade this morning ...
shoktrader,

news are important, but except the NFP and FOMC, the news should not get you not to trade. Because there are nearly everyday any news, which influence one ore more currencies. Every price action you can see on the charts is "with news". But it's important to know, what news will come up the next hours, so that you can take this in your trade decision (perhaps for smaller lot sizes, wider or narrower stop losses, time frame, ...).

Quite the contrary takes place on days where are less news releases. There is often a low momentum and this would be more difficult to trade. We want to have momentum, so the market moves and we can make pips.

Why many traders avoid the NFP and FOMC is, because their high impact on all currencies. As you can see you find big erratic moves on all pairs during this times.

fxfox
fxFox (all times in my charts are GMT+1)
  • #29,346
  • Jan 16, 2014 1:01pm Jan 16, 2014 1:01pm
emmanuell, Imi, Bizzzle, Helanka, WDays, lastingwell,

seems we had good trades on EJ today - with little differences in the setups.
Imi - may you give us more of your dreams ?!
fxFox (all times in my charts are GMT+1)
  • #29,347
  • Jan 16, 2014 1:21pm Jan 16, 2014 1:21pm
Quoting fxFox.mb
{quote} shoktrader, news are important, but except the NFP and FOMC, the news should not get you not to trade.,,
ok, thanks. I've been following TMS for quite a while, although a bit on the sidelines. I'm seeing the picture a bit better lately and have better management of my trades but news is apparently still a hangup for me. Last week's NFP provided good movement. But I still hesitate when I see other "red" news items in the Forex Factory calender if I don't feel I will be close enough to at least BE by the time the release comes out. I typically tighten my stops around news once I have a trade on though.
  • #29,348
  • Edited 2:06pm Jan 16, 2014 1:39pm | Edited 2:06pm
Quoting fxFox.mb
emmanuell, Imi, Bizzzle, Helanka, WDays, lastingwell, seems we had good trades on EJ today - with little differences in the setups. Imi - may you give us more of your dreams ?!
sure, yesterday in asia session, I completely missed that trendline breakout trade( damn tv show), and when I went to bed
I was thinking " They are going for the pin"
This morning I woke up an hour earlier then normally, and get on the trade on H1.
here I attach the daily chart, do you see the pattern?
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-16_14-58-17DAILY.png Size: 11 KB
If you're going through hell, keep going. Winston Churchill
  • #29,349
  • Jan 16, 2014 1:40pm Jan 16, 2014 1:40pm
Quoting fxFox.mb
Imi - may you give us more of your dreams ?!
I was just going to ask the same thing
  • #29,350
  • Jan 16, 2014 2:01pm Jan 16, 2014 2:01pm
Hi all
I have read almost every post in this thread and i started trading this system last week. I already made +1000usd on my demo account and that is awsom! Im use to a near 50/50 winning but i havent lost yet with this system. Im trading the way and the hours Eelfranz (R.I.P) stated in the first post. I started trading last year when i thought i needed a new hobby. And i decided to trading cause i wanted a hobby that could give me some money instead of taking my money like my other hobby (old American cars) Sorry for this speech....>My question: Do any of you know an honest/reliable MT4 platform for my real money account? The demo i use is RoboForex and my favorite indikators work here but im a real newbie and i want to get the right platform for this project.
Thank you in advance
Sune
  • #29,351
  • Jan 16, 2014 2:11pm Jan 16, 2014 2:11pm
My light sleep was disturbed by visions of an EJ chart with lots of red candles and Aces and Kings of spades...
  • #29,352
  • Jan 16, 2014 2:59pm Jan 16, 2014 2:59pm
will this be a good entry?
GU, long, TDI: check, stochastik: check.

the only thing is that the candles are small.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD.png Size: 46 KB
  • #29,353
  • Jan 16, 2014 3:10pm Jan 16, 2014 3:10pm
Quoting SunGaard
Hi all I have read almost every post in this thread and i started trading this system last week. I already made +1000usd on my demo account and that is awsom! Im use to a near 50/50 winning but i havent lost yet with this system. Im trading the way and the hours Eelfranz (R.I.P) stated in the first post. I started trading last year when i thought i needed a new hobby. And i decided to trading cause i wanted a hobby that could give me some money instead of taking my money like my other hobby (old American cars) Sorry for this speech....>My question:...

Well done with the trading, just be very careful when you go live, its entirely different psychologically so start with very small risk until you're comfortable. As you're in Denmark perhaps someone will give you some advice on some brokers that will suit.
  • #29,354
  • Jan 16, 2014 3:26pm Jan 16, 2014 3:26pm
Quoting lastingwell
{quote} Well done with the trading, just be very careful when you go live, its entirely different psychologically so start with very small risk until you're comfortable. As you're in Denmark perhaps someone will give you some advice on some brokers that will suit.
I know its different with real money. I have been trading real money for 1 year and my hair is grey now! I have come to know that diciplin is the isue!I started trading 5m charts and i sat biding my nails and bailed out before the market turned in to my fortune. Thats why i like this system.....I make my trades in the morning (Denmark time) and exit in the afternoon, no loses so far. Love this system!The money i spend i could go buy lotto coupons but i like to have a little "control" over my ods :o)
Thanks for your answer :o)
Sune
  • #29,355
  • Jan 16, 2014 4:10pm Jan 16, 2014 4:10pm
Is this Bearish Engulfing Outside Bar? This is EU H4. Obviously no trade, but if the TDI was pointing down, would we be looking to short the break of the circled bar? Thanks.
Attached Image
  • #29,356
  • Jan 16, 2014 4:30pm Jan 16, 2014 4:30pm
Quoting murali
Is this Bearish Engulfing Outside Bar? This is EU H4. Obviously no trade, but if the TDI was pointing down, would we be looking to short the break of the circled bar? Thanks. {image}
No. Notice the market type. Don't just randomly take candle patterns, you need to be more picky.

That in particular is the news candle.
  • #29,357
  • Jan 16, 2014 8:57pm Jan 16, 2014 8:57pm
Quoting emmanuel7788
{quote} Pundit, Set up is good. There is momentum. You could have improve on earlier entry. Good Trade. regards, EMMANUEL
Thanks EMMANUEL for your valuable input, I have done some changes in TDI setting and testing if it can be more powerful in my trading thats why entry was bit late.
  • #29,358
  • Edited 12:49am Jan 17, 2014 12:18am | Edited 12:49am
EJ 17 Jan potential for a TOK_5H breakout.

Today would see a high probability breakout using the TOK_5H range.
See that Master Candle?
It would be rare to see EJ remain is such narrow range of 33pips.
So let's all try grab some pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 17 Jan H1 TOK_5H BO.png Size: 38 KB


Remember the way Phx62 trades this pair. Now it is up to you to practise using those many trade examples he shared in this thread.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,359
  • Jan 17, 2014 12:38am Jan 17, 2014 12:38am
A new charting toy for multi-timeframe lovers.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MultiCharts.png Size: 47 KB


who wants this?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,360
  • Jan 17, 2014 12:45am Jan 17, 2014 12:45am
Quoting emmanuel7788
A new charting toy for multi-timeframe lovers. {image} who wants this?
I want, please? Thanks very much in advance.
福 子 Victor V
68 traders viewing now, 2 are registered:
daijyobu
,
laureina