Trading Made Simple | Page 1502 | 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

  • #30,021
  • Jan 29, 2014 6:18am Jan 29, 2014 6:18am
Took the same trade like the two users above me. Short in E/J H1, good trade with + 30 pips. Could have been more. I have to improve my trading, especially exit and entry management. Entered on the wick down, not on the break. This was also a mistake. Reasons for entry: double top and triple screen method. Everything looked bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 34 KB
  • #30,022
  • Jan 29, 2014 6:31am Jan 29, 2014 6:31am
Quoting Fx94
Took the same trade like the two users above me. Short in E/J H1, good trade with + 30 pips. Could have been more. I have to improve my trading, especially exit and entry management. Entered on the wick down, not on the break. This was also a mistake. Reasons for entry: double top and triple screen method. Everything looked bullish. {image}
Took the same trade and let Cave manager do the work. SL is +45 now. Target is 80 pips Just above ADR low
Attached Image (click to enlarge)
Click to Enlarge Name: shorteu_h1_2901.png Size: 50 KB
  • #30,023
  • Jan 29, 2014 6:45am Jan 29, 2014 6:45am
Closed my EJ trade. 50% + 56 and 50% + 80.
Attached Image (click to enlarge)
Click to Enlarge Name: closeej_2901.png Size: 40 KB
  • #30,024
  • Jan 29, 2014 6:54am Jan 29, 2014 6:54am
Quoting Pipsmurfer
{quote} Took the same trade and let Cave manager do the work. SL is +45 now. Target is 80 pips Just above ADR low {image}

Thanks for reply. Downloaded the EA and put it into my MT4 folder. Please give me your settings.

I closed my trade in E/J because i had to went to university. This is also one of my main problems. Sometimes i have to go when the trade is still running. So i need a good EA which is managing it.
  • #30,025
  • Jan 29, 2014 7:03am Jan 29, 2014 7:03am
Quoting adamjhdavis
Hi, A rare chance to trade today, thought I'd share my trade: - 40 pips profit {image}
Sorry for anyone new to the thread here are the reasons I took this trade:-

1= Green crossing red
2= Second red APB with good size body

Break of IB
Regular bearish divergence
BRN 141 rejection
200 MA as resistance
Double top
MBL starting to roll over
Green crossing MBL

As ever I give thanks to Emmanuel for all his teaching & PHX62 for his dedication to teaching his trading style.
If I could ever give 10% of the help they do it would make me very happy.

Good trading to all.
  • #30,026
  • Edited 7:31am Jan 29, 2014 7:15am | Edited 7:31am
Quoting Fx94
{quote} Thanks for reply. Downloaded the EA and put it into my MT4 folder. Please give me your settings. I closed my trade in E/J because i had to went to university. This is also one of my main problems. Sometimes i have to go when the trade is still running. So i need a good EA which is managing it.
Hi Fx, I attached my presets. I turned almost everything off. Mostly I only use TP 50 pips en mov SL to BE at 20 pips. But you can also take profit by batches if you like. I advise you to practise first on demo. If you are going to use it with profit taking with batches, you have to be careful when you switch the screen. Cave manager can do strange things then.

Good trading
Attached File(s)
File Type: rar cave50tp.rar   1 KB | 443 downloads
  • #30,027
  • Jan 29, 2014 7:33am Jan 29, 2014 7:33am
Quoting Pipsmurfer
{quote} Hi Fx, I attached my prestets. I turned almost everything off. Mostly I only use TP 50 pips en mov SL to BE at 20 pips. But you can also take profit by batches if you like. I advise you to practise first on demo. If you are going to use it with profit taking with batches, you have to be careful when you switch the screen. Cave manager can do strange things then. Good trading {file}
Hey,
Thanks for adding your setup. I installed it in my triple screen concept. I put the EA just in my H4 chart. He is waiting now for action
Here is a chart. What do you mean with being careful in switching screens ?

Regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-ibfx-australia-pty.png Size: 39 KB
  • #30,028
  • Jan 29, 2014 7:37am Jan 29, 2014 7:37am
GU earlier Plan A failed.

Now Plan B trade in H4.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 29 Jan trade.png Size: 28 KB


we shall see if this will continue down till end of this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,029
  • Jan 29, 2014 7:46am Jan 29, 2014 7:46am
Quoting emmanuel7788
GU earlier Plan A failed. Now Plan B trade in H4. {image} we shall see if this will continue down till end of this week.
Hi Emmanuel,

I was still in my H4 trade wich I entered Yesterday. Moved SL to +20 and added to the position
Attached Image (click to enlarge)
Click to Enlarge Name: gu_adshort.png Size: 38 KB
  • #30,030
  • Jan 29, 2014 7:53am Jan 29, 2014 7:53am
Quoting Fx94
{quote} Hey, Thanks for adding your setup. I installed it in my triple screen concept. I put the EA just in my H4 chart. He is waiting now for action Here is a chart. What do you mean with being careful in switching screens ? Regards, Fx94 {image}

I use a screen with 4 currency in H1. If I want to focus to an certain currency I open another profile where I have four windows of one currency in different time frames and settings. When cavemanager is working on an certain trade and it closed an position for example for 30 %, it wil do so again if you reurn to the previous profile. Despite the fact if the second trigger was reached or not. The remaining position is again closed for another 30%. That,s what I experienced. Maybe I'm doing something wrong but i have not figured out yet. So be careful with the "close by batch in %"option.
  • #30,031
  • Jan 29, 2014 8:13am Jan 29, 2014 8:13am
Fx4 or anyone help me post the EA and the settings again I need to install an EA to manage my trade discorved that I close trade early yesterday I made 80pips on 3pair today again I made 50pips on 4pairs no losses most of which would have gone my way if I have traded with EA.pls I need help on

will appreciate
Quoting Fx94
{quote} Hey, Thanks for adding your setup. I installed it in my triple screen concept. I put the EA just in my H4 chart. He is waiting now for action Here is a chart. What do you mean with being careful in switching screens ? Regards, Fx94 {image}
  • #30,032
  • Jan 29, 2014 8:28am Jan 29, 2014 8:28am
Quoting 4Good
Fx4 or anyone help me post the EA and the settings again I need to install an EA to manage my trade discorved that I close trade early yesterday I made 80pips on 3pair today again I made 50pips on 4pairs no losses most of which would have gone my way if I have traded with EA.pls I need help on will appreciate {quote}
4 Good,

Here they are, congratulations with your good trades, with such results you don't need an trademanager
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 2,172 downloads
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 1,004 downloads
  • #30,033
  • Jan 29, 2014 8:29am Jan 29, 2014 8:29am
Today's ej setup was a classic trade with lots of reasons to take it.
Setup occured at the 61.8% fib retracement of the previous down move, 200 and 800 emas right there on top of each other,
PA double top with divergence on TDI making a lower recross, and LO setting the high for the day, which can often go for 5-8 same colour candles.
Congrats to everyone who took this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-29_09-15-04EJ.png Size: 98 KB
If you're going through hell, keep going. Winston Churchill
  • #30,034
  • Jan 29, 2014 8:42am Jan 29, 2014 8:42am
For me to follow that kinda of chart isn't "Trading made Simple". And does Eelfranz's said we need to use Fibonacci for measurements?
  • #30,035
  • Jan 29, 2014 8:46am Jan 29, 2014 8:46am
thank you so much I appreciate but I open the pdf you attached don't understand what those codes are am I suppose to put them in there how do I go about it

thanks a million again pipsmurfer

Quoting Pipsmurfer
{quote} 4 Good, Here they are, congratulations with your good trades, with such results you don't need an trademanager {image} {file}
  • #30,036
  • Jan 29, 2014 8:52am Jan 29, 2014 8:52am
Quoting boxingtrader
For me to follow that kinda of chart isn't "Trading made Simple". And does Eelfranz's said we need to use Fibonacci for measurements?

boxingtrader:

Eric was silent on the use of Fibonacci but he did say use your brain.

He also encouraged those who added to his method and made it work for themself.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E Post_261.png Size: 147 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,037
  • Jan 29, 2014 9:01am Jan 29, 2014 9:01am
Quoting 4Good
thank you so much I appreciate but I open the pdf you attached don't understand what those codes are am I suppose to put them in there how do I go about it thanks a million again pipsmurfer {quote}
4Good,

You did put de EA file in the experts folder? Then you restart MT. You'll find the Cavemanager in the Expertadviser folder. Don't forget to enable de expertadvisor function by pushing the button on the top menu bar. If you drag it to your chart and relaese the mousebutten on a chart, an window should open where you can adjust all these parameters. If you are not familiar with the parameters in the pdf file then its to early for you to work with it. Try it out on demo first.

succes
  • #30,038
  • Jan 29, 2014 9:01am Jan 29, 2014 9:01am
He said to observe BASIC forex stuff
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-29_09-56-39BigE.png Size: 63 KB
If you're going through hell, keep going. Winston Churchill
  • #30,039
  • Jan 29, 2014 9:02am Jan 29, 2014 9:02am
Quoting boxingtrader
For me to follow that kinda of chart isn't "Trading made Simple". And does Eelfranz's said we need to use Fibonacci for measurements?
Hi boxingtrader,

I hope you don't mind me commenting. I was in your shoes and thought that it was all confusing but if you spend the time and study hard, back test it forward test it then it will make sense.
You don't have to have all of it on your charts and you don't have to always use it but its all tools in the tool box to do your job. As a trader its your job to know how to and when to apply those tools.
Big E said use you head computer and look left I believe in those terms he meant use your training, he also strongly advised baby pips school which love it or hate does give a very good start to all the things that there are to learn.
Like Emmanuel says put it all together to suit your own trading style and psychology and do it over and over like phx62 and you will succeed.

All the best.

Adam
  • #30,040
  • Jan 29, 2014 9:20am Jan 29, 2014 9:20am
Quoting lastingwell
Well thats me finished with FF for a while, I am going to be too busy with a new project to be able to post and answer all the questions etc., so I wish you all good trading and will be back in around May. Thanks to phx62, bizzle, imi, goochie etc etc for your inspiration.
Dear lastingwell, I am sorry to see you go, wish you the best of luck, and hope to see you back ....
If you're going through hell, keep going. Winston Churchill
129 traders viewing now, 1 is registered:
mmo24h