Trading Made Simple | Page 1592 | 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

  • #31,821
  • Mar 6, 2014 5:12am Mar 6, 2014 5:12am
EG Master Candle Breakout trade with TMS entry:

Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 week 10 MC breakout.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,822
  • Mar 6, 2014 5:13am Mar 6, 2014 5:13am
Quoting niktrad
{quote} Hi Darranforex I was just about to post a reply saying all was normal with MPTM and Hotmail mt4 build 610 when I noticed the chart display changed to the one you showed: BreakEven set to 100 & BreakEvenProfit set to 20 pip instead of 10 and 2. It also did the same thing to SL and TP (2000 instead of 200) and a few other odd things. When I tested my copy of MPTM on Hotforex it seems fine. If you're interested this is the version I use: {file} {file}
THANK YOU NIKTRAD! Now I'm getting somewhere! You mentioned "Hotmail" mt4 build 610 ...did you mean "HotForex"? I will try your files on my system and cross my fingers. Now you can see how difficult it was for me to explain this erroneous phenomenon or anomaly to others as it's confusing and people just tend to assume I don't understand the difference between Pips and Points. You performed the required acid NikTrad and now I can explore your files and see if I get better results. Again, Thank you for being proactive and providing me with vital info.
  • #31,823
  • Mar 6, 2014 5:25am Mar 6, 2014 5:25am
Quoting emmanuel7788
EG Master Candle Breakout trade with TMS entry: {image}

I'm long from 0.82291 eurgbp
  • #31,824
  • Mar 6, 2014 5:29am Mar 6, 2014 5:29am
Quoting Bizzzle
{quote} Price Action with APB!! look at the hourly chart did u see the nice pullback candle at 10gmt?? Its like trick from the big boys gaining sellers and the pulling back and reversing right away, for traders that don't wait for the candles to close!! There are lots of different ways of looking at PA, pullback candles on the hourly are my favorite... I only look at APB!! Hope that helped
You are absolutely spot on right about pull backs. Its the only thing that works! The big guys basically sell into buying pressure, and vise versa

Its why I also use the SupDem indicator as it can show them up so well, but I find the bullish reversals easier.
Attached Image
  • #31,825
  • Mar 6, 2014 5:30am Mar 6, 2014 5:30am
Quoting irishtoffy
{quote} I closed on a retrace last night at BE. Still learning to calm my mind and have faith!
I learned how to calm my mind here in Thailand. It's called Hong Thong.
  • #31,826
  • Mar 6, 2014 5:37am Mar 6, 2014 5:37am
Quoting Bizzzle
{quote} How many people do u think sold this morning? We can see a nice pullback now Good time to enter long?? PA will tell us!! Best of luck
I am long, the market push through 141.17 and I waited for a nice pullback on the hourly, I got a target at 142.06, so put my TP at 141.96
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 6-3 2.png Size: 57 KB
Give yourself a chance and trade it like it's layed out...
  • #31,827
  • Mar 6, 2014 5:40am Mar 6, 2014 5:40am
Target hit +70pips

Done for the week guy!!

Good luck I am of to play golf
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 6-3 2.png Size: 48 KB
Give yourself a chance and trade it like it's layed out...
  • #31,828
  • Mar 6, 2014 5:42am Mar 6, 2014 5:42am
Anybody know what those little red circle thingies with the dot in the middle are? (over the blue APB candles?) Are they something from the SHI channels?

Oh and NikTrad, I meant to say "acid-test" before. I'm going to try the files you sent me now.
Attached Image (click to enlarge)
Click to Enlarge Name: red dot thingies.png Size: 27 KB
  • #31,829
  • Mar 6, 2014 5:45am Mar 6, 2014 5:45am
Quoting BallijnForex
{quote} I'm long from 0.82291 eurgbp
I'm out +1R... BE remaining lot.

Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 week 10 MC update1.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,830
  • Mar 6, 2014 5:45am Mar 6, 2014 5:45am
Quoting Bizzzle
Target hit +70pips Done for the week guy!! Good luck I am of to play golf {image}
That was a quickie Bizzzle. Good trade!
  • #31,831
  • Mar 6, 2014 5:46am Mar 6, 2014 5:46am
Quoting darranforex
Anybody know what those little red circle thingies with the dot in the middle are? (over the blue APB candles?) Are they something from the SHI channels? Oh and NikTrad, I meant to say "acid-test" before. I'm going to try the files you sent me now. {image}

place your mouse over those little things and read the objects descriptions...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,832
  • Mar 6, 2014 5:58am Mar 6, 2014 5:58am
Quoting rihawk
Hope my setup was right {image}

sometimes, the market set you up....

you chase after that huge candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,833
  • Mar 6, 2014 6:06am Mar 6, 2014 6:06am
EG trade , move SL to protect another 1xR and move TP to 3xr level

Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 week 10 trade new TP.png Size: 50 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EG week 10 channel play.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,834
  • Mar 6, 2014 6:07am Mar 6, 2014 6:07am
Quoting darranforex
{quote} THANK YOU NIKTRAD! Now I'm getting somewhere! You mentioned "Hotmail" mt4 build 610 ...did you mean "HotForex"? I will try your files on my system and cross my fingers. Now you can see how difficult it was for me to explain this erroneous phenomenon or anomaly to others as it's confusing and people just tend to assume I don't understand the difference between Pips and Points. You performed the required acid NikTrad and now I can explore your files and see if I get better results. Again, Thank you for being proactive and providing me with...

Hi Darranforex

Yes I did mean HotForex - must have been a freudian slip.

I'm not sure why your version of MPTM has difficulties with HotForex but it has been modified since I downloaded mine.

All the best.
  • #31,835
  • Mar 6, 2014 6:10am Mar 6, 2014 6:10am
Quoting darranforex
{quote} I learned how to calm my mind here in Thailand. It's called Hong Thong.
Or Yaa Dong! lol
  • #31,836
  • Edited 6:49am Mar 6, 2014 6:34am | Edited 6:49am
Quoting emmanuel7788
{quote} {image} Now a few H4 candles later, a new channel shows up. {image}
Perhaps if a better channel is there, it will move to that one, depending on how price has moved. In fact I redraw channels all the time if I draw them myself so I can't say that its any worse than anything else "repainting". In fact the EA channel didn't even move let alone repaint until price went through the bottom of it the other day. It still remains a very good way of seeing support and resistance without being bogged down too much with drawing them ourselves on lots of different pairs. If people getting too bogged down with repainting issues then this whole thread wouldn't even exist because as we know, the TDI itself repaints.

The whole point surely is, would you get some very good trades from the shi channels and the tdi, and the answer is yes.
  • #31,837
  • Mar 6, 2014 6:34am Mar 6, 2014 6:34am
Quoting Romaldos
Good day! what valtnye pairs are optimal for this system?? I'm just learning) PS: sorry for my english.
http://assets.forexfactory.net/nfs/c...tar69907_2.gif eelfranz

  1. Joined May 2008 | Status: Grand Poopaw | 1,483 Posts

http://www.forexfactory.com/resource...oader-dark.gif
Sree1,

I'd say pick the charts you like to trade and understand their movements... breathing patterns...

I always like to have the E/U, G/U and A/U side by side on top plus one more chart. Those three charts tend to move together in the same direction. So if I see a set up on one I usually find a set up on one or both on the other pairs. I've made a lot of pips trading all three at the same time.

I usually include 2-3 Japaneese charts... a Usd/Cad chart. Always end up with 8 charts on one page.

Dean trades these on top...e/u, g/u e/j, a/u left to right and these below... left to right... u/chf, u/j, g/j , u/cad. Setting them up that way generally means the top chart is moving in one direction and the one directly below moves in the opposite direction...

  1. Post 64
  2. Cleanup
  3. Quote
  4. Apr 26, 2011 6:32

  • #31,838
  • Mar 6, 2014 6:50am Mar 6, 2014 6:50am
Quoting Bizzzle
Target hit +70pips Done for the week guy!! Good luck I am of to play golf {image}
Hey Bizzzle, can you "see" in Drahgi's head? I was doubtful that EURJPY will run that far, but with the help of news it pushed up.

But ok, trying not to resist that the market couldn't go further, I took the signals as they are, with a little luck for the first and good luck for the 2nd trade was not stopped out.

EURJPY H1
1st trade -7 (breakout trade)
2nd trade +overall 74 pips (exited in to parts, PCRF and master candle breakout)
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-06 14.40 EURJPY - profit.png Size: 161 KB
fxFox (all times in my charts are GMT+1)
  • #31,839
  • Mar 6, 2014 7:14am Mar 6, 2014 7:14am
What do you think ? EUR /AUD is getting really interested. Reversal candle is occuring on H4 TF. When this blue candle closes above the last red candle it is a BUOB. If then also a TDI cross happens, it should be a high probability trade ?

Best regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: qayxsw11.png Size: 33 KB
  • #31,840
  • Mar 6, 2014 7:16am Mar 6, 2014 7:16am
Quoting emmanuel7788
{quote} {image} Now a few H4 candles later, a new channel shows up. {image}

Hi Emmanuel! Using the PAC I saw usdchf at give a signal at 4am I shorted it at 8am on the 2nd candle and I'm currently up almost 50 pips on the trade. I also saw at midnight that gbpnzd broke down through the PAC and gave a signal. I got in at 4am on the the 3rd candle like you said we could do using the PAC. It then tanked while I was sleeping and hit my take profit of 100 pips.


So far i'm up 347 pips for the week with just 6 trades closed & I still have one left open thats almost 50 pips in profit right now.

So I'm 5/7 so far and my only 2 losses came from easily preventable rookie mistakes. Thanks so much for the help guys. I have made more pips just 1 week using this system then I have ever made in even a month of trading fx before it. Before this system I would be happy just to made 50 pips in a week. No more 1m & 5m charts for me. 4hr charts are so much easier to trade not to mention the insane ROI!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdh4100pips.png Size: 47 KB
MAY THE PIPS BE WITH YOU!
178 traders viewing now, 2 are registered:
ejan8319
,
Crabb