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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

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Trading Made Simple

  • #32,121
  • Mar 11, 2014 6:17pm Mar 11, 2014 6:17pm
Quoting dotnetfreak
{quote} Here are the first charts eelfranz posted. Did the rules changed? http://www.forexfactory.com/attachme...6&d=1303770507 {image}

No, the rules has not changed.

The core of this techncial trading method is the TDI which is based on the RSI. We trade the momentum of the price move. Therefore those TDI entry rules will not change, not now and not in the future.
When the TDI Green Price Line PL crosses the Red Trade Signal Line TSL, that indicates the change(increase) in the price momentum.


The same when both the PL and TSl crosses below or above the Yellow Market Base Line MBL, the MBL represent the longer term momentum (using a 34 period moving average of the RSI period 13).

What we need to learn it to look at the Price Action and look for market consolidation. Look for reversals and continuation type of price action when the market consolidates.

Post #261 is important as it summarises the 463 post by our late OP eelfranz aka Big E. Some of us know him as Eric.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,122
  • Edited 6:46pm Mar 11, 2014 6:24pm | Edited 6:46pm
Quoting kPack
Just took a BUY on AUDUSD it went 100 Pips down and a little little divergence. But its Demo and im just in for 10-20 Pips TP. Wish me luck .... {image}

too many periods between those peaks and troughs will not give a valid divergence to trade with.

read the book "RSI:the Complete Guide" by John Hayden to learn some of his tips how to identify price action and momentum with divergence.

that e-book can be found in the attachment in this thread.

Edit: here in post #27,115 you will find that pdf.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,123
  • Mar 11, 2014 6:26pm Mar 11, 2014 6:26pm
EJ & AJ shorts are looking good. Lets hope they flush for 300 pips each.
MAY THE PIPS BE WITH YOU!
  • #32,124
  • Mar 11, 2014 6:32pm Mar 11, 2014 6:32pm
Quoting dotnetfreak
Selling NZDUSD what do you think? {image}
Nice! I LIKE clean charts.

Other than the TDI cross, the APB/HA changed colour and is candle #2, what other Price Action do you see in those candlesticks/price bars?

PA and Support and Resistance will add the probability to those trade setups and make them A+++ setups.

Note: we have NZ bank rates annoucement this week, and forecast has it that the rate will be increase from 2.5 to 2.75. If that turns out true, than how will market reacts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,125
  • Mar 11, 2014 6:37pm Mar 11, 2014 6:37pm
Quoting irishtoffy
{quote} A real swing higher there!

that was Prev W Fib 50% and major trendline support.... 'powerful confluence' which market needs some new participants to change the tide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,126
  • Mar 11, 2014 6:40pm Mar 11, 2014 6:40pm
I just removed me 100 TP from my AJ trade. I'm going to let it keep running so maybe I can catch a 300 to 400 pip downward spiral. EJ trade is 20 pips in profit so far. I hope others shorted that guy.
MAY THE PIPS BE WITH YOU!
  • #32,127
  • Mar 11, 2014 6:47pm Mar 11, 2014 6:47pm
Quoting as33156
I just removed me 100 TP from my AJ trade. I'm going to let it keep running so maybe I can catch a 300 to 400 pip downward spiral. EJ trade is 20 pips in profit so far. I hope others shorted that guy.
I predict AJ to short for another 100-150 at least.

I'm currently shorting EJ, since yesterday at 8 o'clock GMT, up 700+ pips. i predict another few hundred at least.

(I'm currently a demo trader)
  • #32,128
  • Mar 11, 2014 6:51pm Mar 11, 2014 6:51pm
Quoting AuraFX
{quote} I predict AJ to short for another 100-150 at least. I'm currently shorting EJ, since yesterday at 8 o'clock GMT, up 700+ pips. i predict another few hundred at least. (I'm currently a demo trader)

AuraFX:

Please post and share your charts. That will help others see and learn quicker.


Thank you.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,129
  • Mar 11, 2014 6:52pm Mar 11, 2014 6:52pm
Quoting as33156
I just removed me 100 TP from my AJ trade. I'm going to let it keep running so maybe I can catch a 300 to 400 pip downward spiral. EJ trade is 20 pips in profit so far. I hope others shorted that guy.

why did you short EJ ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,130
  • Mar 11, 2014 6:53pm Mar 11, 2014 6:53pm
Quoting AuraFX
{quote} I predict AJ to short for another 100-150 at least. I'm currently shorting EJ, since yesterday at 8 o'clock GMT, up 700+ pips. i predict another few hundred at least. (I'm currently a demo trader)

Awesome Man! You mean your up 70 pips though? If you are doing great in demo you will do the same in real cash. I never did the demo I just jumped in last week and lucky for me I could swim thanks to the guys on this thread. Up over 600 pips in just the 7 days I have been trading this method.
MAY THE PIPS BE WITH YOU!
  • #32,131
  • Mar 11, 2014 6:55pm Mar 11, 2014 6:55pm
Quoting emmanuel7788
{quote} why did you short EJ ?

I shorted it on a bounce entry. I'm still a noob when it comes to those as this is only my 3rd bounce trade. All have gone for 100 profit so far though.
MAY THE PIPS BE WITH YOU!
  • #32,132
  • Mar 11, 2014 7:06pm Mar 11, 2014 7:06pm
Quoting irishtoffy
Does anyone else use FXCM broker on MT4? Are you able to access the system today? Mine is unable to connect, which is 3 Saturdays now since around the MT4 update time.
Quoting fxFox.mb
FXCM has maintenance time on saturdays. MT4 charting works even in offline mode, without connection to the server.
Quoting MrAussieFX
I'm using FXCM on MT4 and had to use the trading simulator but due to connectivity issue I had to download AAAfx MT4 demo.
Quoting irishtoffy
I sent a message on FF to Jason Rogers. he is the FXCM rep here on FF. Hopefully he will be able to provide a reason for the continued connections issues.
Hi Everyone, I've posted a response to Irishtoffy's message here: http://www.forexfactory.com/showthre...78#post7333778
  • #32,133
  • Mar 11, 2014 7:22pm Mar 11, 2014 7:22pm
Quoting WDays
And what is up with those adssssss god they make me angry. Anyone else getting the "Special Offers for forex traders" thing on the upper right of their forexfactory page?
That's irrelvant to FF. Your Chrome is infected by kinda Ad ware or worm. Copy the message and make a google search for details...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32,134
  • Mar 11, 2014 8:00pm Mar 11, 2014 8:00pm
Quoting emmanuel7788
{quote} {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.
Yes, mystery solved....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #32,135
  • Mar 11, 2014 8:12pm Mar 11, 2014 8:12pm
Quoting emmanuel7788
{quote} yes, another possibility. or we can just look at D chart, we can trade the D candle breakout. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 10 Mar D-chart.png Size: 26 KB


To D chart traders, what do you see?

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 12 Mar D chart.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,136
  • Mar 11, 2014 8:31pm Mar 11, 2014 8:31pm
Just got stopped out of my EJ trade for 10pips profit. That suck! Hopefully AJ continues to do the Biz.
MAY THE PIPS BE WITH YOU!
  • #32,137
  • Mar 11, 2014 8:58pm Mar 11, 2014 8:58pm
Just encashed 75 pips on EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 23 KB
  • #32,138
  • Mar 11, 2014 9:05pm Mar 11, 2014 9:05pm
Quoting pundit78
Just encashed 75 pips on EA. {image}

Sweet! How did you pull that trade off? I don't see and entry on my chart unless I got in on the 3rd candle and then I would be nowhere 75 pips in profit. You must have got in when the 2nd candle was still active or something.
MAY THE PIPS BE WITH YOU!
  • #32,139
  • Mar 11, 2014 9:32pm Mar 11, 2014 9:32pm
EA reached key level and now shows divergence on H1, so what do you think about a short possibility?

There also happened to be an AB=CD completion at this level of previous move
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 350 KB
I Have Learned to Take Some Losses to Make Profits
  • #32,140
  • Mar 11, 2014 9:42pm Mar 11, 2014 9:42pm
Quoting TheScorpS
EA reached key level and now shows divergence on H1, so what do you think about a short possibility? There also happened to be an AB=CD completion at this level of previous move {image}
I am looking at possibility of shorting it too, after failure to reach last weeks high, and being rejected just below it and the BRN 1.550.

irishtoffy
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