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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #32,101
  • Mar 11, 2014 2:52pm Mar 11, 2014 2:52pm
Selling NZDUSD what do you think?
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  • #32,102
  • Edited 3:48pm Mar 11, 2014 2:56pm | Edited 3:48pm
Quoting dotnetfreak
Selling NZDUSD what do you think? {image}

Hi DNF,

You got in before the 2nd red candle was completed and we aren't suppose to enter on the 3rd candle. So technically its a no trade since the TDI crossed happening on the 2nd candle. Best of luck though. Hopefully it does the biz for you.
MAY THE PIPS BE WITH YOU!
  • #32,103
  • Mar 11, 2014 2:58pm Mar 11, 2014 2:58pm
Quoting as33156
{quote} Hi DNF, You got in before the 2nd red candle was completed and we aren't suppose to enter on the 3rd candle. So technically its a no trade since the TDI crossed happening on the 2nd candle. Best of luck though. Helpfully it does the biz for you.
Thanks for the reply ! Im still learning and sometimes I get desperate, definitely need to work in my patience, but seeing some light in the end of the tunnel

Thanks again!
  • #32,104
  • Mar 11, 2014 2:59pm Mar 11, 2014 2:59pm
I'm starting to doubt my potential EJ bounce short at 4pm because this current bar has had a range of almost 50 pips. So it may be prime to a harsh retrace like UC did to me this morning.
MAY THE PIPS BE WITH YOU!
  • #32,105
  • Mar 11, 2014 3:08pm Mar 11, 2014 3:08pm
Quoting as33156
I'm starting to doubt my potential EJ bounce short at 4pm because this current bar has had a range of almost 50 pips. So it may be prime to a harsh retrace like UC did to me this morning.
In the end I decided to take the trade. No pain no gain. I'm up big so I can take a punt on this trade.

SL: 143.362
Entry: 142.692
TP: 141.692

Wish me Luck!
MAY THE PIPS BE WITH YOU!
  • #32,106
  • Mar 11, 2014 3:09pm Mar 11, 2014 3:09pm
Quoting dotnetfreak
{quote} Thanks for the reply ! Im still learning and sometimes I get desperate, definitely need to work in my patience, but seeing some light in the end of the tunnel Thanks again!
Be alright if got in early perhaps but approaching support/demand and rumours of an NZD rake hike tomorrow.
  • #32,107
  • Mar 11, 2014 3:10pm Mar 11, 2014 3:10pm
Quoting as33156
{quote} Hi DNF, You got in before the 2nd red candle was completed and we aren't suppose to enter on the 3rd candle. So technically its a no trade since the TDI crossed happening on the 2nd candle. Best of luck though. Helpfully it does the biz for you.
as33156 Im a little confused now. Im looking for the rules of the system at beginning of the thread and it says we should enter no more than 3rd candle.

Can you quickly describe the rules?

Thanks in advance
  • #32,108
  • Mar 11, 2014 3:19pm Mar 11, 2014 3:19pm
Quoting dotnetfreak
{quote} as33156 Im a little confused now. Im looking for the rules of the system at beginning of the thread and it says we should enter no more than 3rd candle. Can you quickly describe the rules? Thanks in advance

I read in the PDF for trading this method that if I couldn't get in the 1st or 2nd candle move on to another pair. Listening to that has served me well.
MAY THE PIPS BE WITH YOU!
  • #32,109
  • Mar 11, 2014 3:41pm Mar 11, 2014 3:41pm
Quoting as33156
{quote} I read in the PDF for trading this method that if I couldn't get in the 1st or 2nd candle move on to another pair. Listening to that has served me well.
Can you point me to the pdf?
  • #32,110
  • Mar 11, 2014 3:45pm Mar 11, 2014 3:45pm
Quoting as33156
{quote} Hi DNF, You got in before the 2nd red candle was completed and we aren't suppose to enter on the 3rd candle. So technically its a no trade since the TDI crossed happening on the 2nd candle. Best of luck though. Helpfully it does the biz for you.
Eelfranz though said to go in if there was a good cross at the beginning of the h4 candle, not wait for it to close.
  • #32,111
  • Mar 11, 2014 3:47pm Mar 11, 2014 3:47pm
Quoting lastingwell
{quote}Eelfranz though said to go in if there was a good cross at the beginning of the h4 candle, not wait for it to close.
Here are the first charts eelfranz posted. Did the rules changed?

http://www.forexfactory.com/attachme...6&d=1303770507
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  • #32,112
  • Mar 11, 2014 3:50pm Mar 11, 2014 3:50pm
From page 1: Entries and exits...

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...

Thats why I said you were right to go in at the beginning of the h4 candle, as long as its a good cross going strictly by eelfranz's rules.
  • #32,113
  • Mar 11, 2014 4:05pm Mar 11, 2014 4:05pm
This was from my Post #32.107 Audchf Differgence and 15+ Pips and out.... would have been 6 pips more for my TP but my emotions couldnt stay in... ! Still gota learn to keep my Emotions under control.

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And my 15 pips .... pushd my sl to BE but 15+ Pips where hit ,)

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  • #32,114
  • Mar 11, 2014 4:19pm Mar 11, 2014 4:19pm
Quoting kPack
This was from my Post #32.107 Audchf Differgence and 15+ Pips and out.... would have been 6 pips more for my TP but my emotions couldnt stay in... ! Still gota learn to keep my Emotions under control. {image} And my 15 pips .... pushd my sl to BE but 15+ Pips where hit ,) {image}

Profit is Profit man! Congrats!
MAY THE PIPS BE WITH YOU!
  • #32,115
  • Mar 11, 2014 5:07pm Mar 11, 2014 5:07pm
Quoting MrAussieFX
I asked FXCM to move my AUD account to USD so that I can get the NY close candle charts. But it seems that its not working. Attached is the image of My MT4, Although FXCM demo MT4 is working just fime.
Hi MrAussieFX, I sent you a PM. Please reply back to it and let me know if the steps I provided have resolved this tech issue for you. Thanks
  • #32,116
  • Mar 11, 2014 5:15pm Mar 11, 2014 5:15pm
Quoting olly93
Sold GJ after a break of the previous low and bounce on 1H TDI below MBL. I would greatly appreciate any advice in regards to whether it was a good trade or not. {image}

Hi olly93,

this trade looks like a continuation of the previous D but it is counter trend against the previous W, therefore such trade usually has some risk added to it.
But you H1 chart candlestick pattern shows a good 3-bar bearish pattern for a sell trade at your entry. Have a look an your H4 and that will help you decide whether that was a good trade setup or not.
In all situations, we must learn to take some risks when we trade and our job as traders is to mitigate those risks. Always have a Plan A and a Plan B in case the market set us up with those what we consider as trade setups.

Good Trading!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,117
  • Mar 11, 2014 5:27pm Mar 11, 2014 5:27pm
Quoting emmanuel7788
{quote} {image} Following up with the H&S pattern, we see a Master Candle, and now a breakout of that MC and H&S neckline. That's A+++ PA trade setup. But we have risk with support below. {image}
Attached Image (click to enlarge)
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how did that H&S played out so far?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,118
  • Mar 11, 2014 5:45pm Mar 11, 2014 5:45pm
Quoting as33156
AJ is kicking BUTT! 17 more pips to 100 pip TP is hit. Should I take off the TP and let it run? {image}

AJ has an average weekly range of 245 pips, go for 'let profit run' until it reverses on your stop.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,119
  • Mar 11, 2014 5:52pm Mar 11, 2014 5:52pm
Quoting Phx62
Just closed one more trade on EUR/AUD. I am posting a H4 chart to show the new channel going into next week. The trade was taken on the H1 chart, following a pullback from the bottom of the London session and the new bottom channel line. There was also a TDI cross at the open of the entry candle. I closed the trade manually because I did not want to leave it open over the weekend.{image}
Attached Image


Did you follow that H4 channel Phx62 shared with us here?

Look at EA and how that channel played out yesterday. PA got stopped at Prev W Fib r 50%, bouce off when NYO and a nice H4 PCRF, and that major trend line which forms the lower channel.

Great channel trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,120
  • Mar 11, 2014 6:05pm Mar 11, 2014 6:05pm
I was wondering if any one has a tdi that is a smaller download size from the one on the first page of this thread. Im pretty sure it is making my metatrader run really slow. Any help with this matter would be greatly appreciated!
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