Trading Made Simple | Page 1478 | 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

  • #29,541
  • Jan 20, 2014 7:16am Jan 20, 2014 7:16am
Quoting snshne
Would it be a good entry, or too late? {image}

snshne,

Did you do your WTDA weekly top down analysis for this EJ pair?

I did my Big Picture Planning post#29,482.

Market is sideways, so I trade intraday in H1 timeframe.... until I see a bullish reversal or continuation.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,542
  • Jan 20, 2014 7:42am Jan 20, 2014 7:42am
Quoting emmanuel7788
{quote} snshne, Did you do your WTDA weekly top down analysis for this EJ pair? I did my Big Picture Planning post#29,482. Market is sideways, so I trade intraday in H1 timeframe.... until I see a bullish reversal or continuation. Trade Well! EMMANUEL
I did not, just saw an setup and started thinking if I should enter or not.

Will follow your advice.

Thank you,
  • #29,543
  • Jan 20, 2014 8:43am Jan 20, 2014 8:43am
WTDA for lazy boys and girls like me...
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,544
  • Jan 20, 2014 9:56am Jan 20, 2014 9:56am
Quoting murali
{quote} Thank you for your posts. I have a question about this PCRF. Does the entry candle need to immediately follow the third candle, for it to be a valid entry? {image}
murali,
Yes, entry would be above a break of the third leg of the PCRF. As you can see on the attached chart, I entered at that point but missed my 50 pip TP by 3 pips and exited with 36 pips for the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.20 ej h1.png Size: 45 KB
  • #29,545
  • Jan 20, 2014 10:18am Jan 20, 2014 10:18am
Please advice if I can take these trades or should I wait for TDI Green to cross Red completely.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audchf-h4.png Size: 40 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-h4.png Size: 39 KB
  • #29,546
  • Jan 20, 2014 10:36am Jan 20, 2014 10:36am
Quoting Phx62
{quote} murali, Yes, entry would be above a break of the third leg of the PCRF. As you can see on the attached chart, I entered at that point but missed my 50 pip TP by 3 pips and exited with 36 pips for the trade.{image}
Wouldn';t a break of the TL been a better entrypoint?
Attached Image (click to enlarge)
Click to Enlarge Name: TL.png Size: 40 KB
  • #29,547
  • Edited 11:54am Jan 20, 2014 10:42am | Edited 11:54am
Quoting emmanuel7788
MT4 script to show your open orders on your charts. Copy this script to your MT4 installed folder C:<mt4>expertsscript ...folder. This scirpt will read the orders from your Mt4 terminal Trade folder and draw an arrow on the exact spot where your trades were opened. Just drag and drop the script onto your chart. {file}
Thx emmanuel - nice script.

I have started trading this system on a live account as from this morning. For reasons I won't bother you with I can't trade the same times as recommended by eelfrance so we can see how this works trading from 8.00am EST to 11.00am EST.
I will post my trades daily but only with one screenshot so as not to take up the whole page of this forum.
I have added a currency strength meter as I never trade the strongest and weakest currencies against each other (helps stop a lot of bad trades).

Today:
NZD/USD BUY H4
NZD/CAD BUY H4
EUR/GBP BUY H4
GBP/USD SELL H1
CAD/JPY SELL H1
AUD/JPY SELL H1
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 54 KB
  • #29,548
  • Jan 20, 2014 11:00am Jan 20, 2014 11:00am
Quoting Phx62
{quote} murali, Yes, entry would be above a break of the third leg of the PCRF. As you can see on the attached chart, I entered at that point but missed my 50 pip TP by 3 pips and exited with 36 pips for the trade.{image}

Thank you Phx62. Would you mind telling me where you got the dotted boxes for the lon and nyc session from?
  • #29,549
  • Jan 20, 2014 11:06am Jan 20, 2014 11:06am
Quoting WDays
{quote} Wouldn';t a break of the TL been a better entrypoint? {image}
Yes.....a break of the trendline would have been a better entry in this case. My response to murali was in response to his question about the PCRF information I posted earlier. Definitely, the more aggressive entry would have been at the open of the second blue candle with the TDI cross.
  • #29,550
  • Jan 20, 2014 11:08am Jan 20, 2014 11:08am
Quoting murali
{quote} Thank you Phx62. Would you mind telling me where you got the dotted boxes for the lon and nyc session from?
You can find them here..... http://www.forexfactory.com/showthre...34#post7179734.
  • #29,551
  • Jan 20, 2014 12:12pm Jan 20, 2014 12:12pm
Emanuel
,

if the master candle indicator is set set to ignore wicks = false will it work correctly using synergy APB candles ?



nelly
  • #29,552
  • Jan 20, 2014 1:16pm Jan 20, 2014 1:16pm
Quoting emmanuel7788
{quote}(,,,) we should be prepared to exit when the TDI goes flat or hook back. This is how Big E trades, he cut his position very quickly like what many scalpers would do.
Hi, regarding your above statement from post 28655: Does this relate to the TDI at the closed H4 candle or whenever the TDI during current H4 intervall goes flat or hooks back?

Thanks for your clarification,
  • #29,553
  • Jan 20, 2014 2:21pm Jan 20, 2014 2:21pm
is any one looking at us/jpy 4h look like break up north.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 54 KB
  • #29,554
  • Jan 20, 2014 2:31pm Jan 20, 2014 2:31pm
Quoting redfan
is any one looking at us/jpy 4h look like break up north. {image}
Hi mate, I don't trade this pair but if you look at the TDI the green, red and yellow line are very close together which suggests a ranging market...

Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 35 KB
Give yourself a chance and trade it like it's layed out...
  • #29,555
  • Jan 20, 2014 5:15pm Jan 20, 2014 5:15pm
Quoting Nellycopter
Emanuel , if the master candle indicator is set set to ignore wicks = false will it work correctly using synergy APB candles ? nelly
Nelly,

The concept of Master Candle trading works only with the real price open high low and close.
The APB/HA is not real price.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,556
  • Jan 20, 2014 5:22pm Jan 20, 2014 5:22pm
Hi! emmanual7788,

May I know how the below indicator-below the TDI is inserted. It has 3 coloumns- W D1, H4, may I know how to use them as entry & exit, tq
  • #29,557
  • Jan 20, 2014 5:23pm Jan 20, 2014 5:23pm
Quoting Frenchie
{quote} Hi, regarding your above statement from post 28655: Does this relate to the TDI at the closed H4 candle or whenever the TDI during current H4 intervall goes flat or hooks back? Thanks for your clarification,

Frenchie:

This is a general rule and should apply to candle close.
But, when we look at the price action seeing the candle movement, we often see a strong price move and then the price pulls back and creates a long wick. Under such situations, we can plan an exit.

Exit does not mean closing all trades.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,558
  • Jan 20, 2014 5:35pm Jan 20, 2014 5:35pm
Quoting Phx62
{quote} murali, Yes, entry would be above a break of the third leg of the PCRF. As you can see on the attached chart, I entered at that point but missed my 50 pip TP by 3 pips and exited with 36 pips for the trade.{image}

Another very nicely executed H1 trade by Phx62.

Using his trade as example, we can conclude that the PCRF is a great method to identify powerful price action for TMS H1 trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Phx62 EJ trade 20 Jan.png Size: 92 KB


Adding this PCRF to the already common candlestick patterns like Inside Bar and Outside Bar, will show us more A+++ trade setups.

Three POWERFUL Forex Price Patterns pdf download click link:

Trade Well Folks,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,559
  • Jan 20, 2014 5:36pm Jan 20, 2014 5:36pm
Quoting francis3388
Hi! emmanual7788, May I know how the below indicator-below the TDI is inserted. It has 3 coloumns- W D1, H4, may I know how to use them as entry & exit, tq
francis:

can't make out what you mean.
perhaps your chart is missing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,560
  • Jan 20, 2014 5:39pm Jan 20, 2014 5:39pm
Quoting MrAussieFX
Please advice if I can take these trades or should I wait for TDI Green to cross Red completely. {image}{image}{image}

MrAussieFX,

Without A+++ price action setup, it is always better to wait for the TDI cross to confirm.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
42 traders viewing now, 1 is registered:
H2U2