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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #33,681
  • Mar 24, 2014 6:59pm Mar 24, 2014 6:59pm
Quoting Bizzzle
{quote} Hi mate, as I have said many time last week I am trading the 4 hour as read on the first post of this thread for one month!! Big E: "4hr trades at night. I check for set ups at 10pm Pacific,2am and close all 4 hour trades by 6am Pacific.... You ever woke in the morning popping on your puter and find you made 150 pips while you slept... guaranteed to put a smile on your face and a skip in your step." Big E was on to something and I believe his right so I am doing a test for a month and see the results! I have been trading TMS for years now...
I am correct that 10pm Pacific is 5gmt?

Thanks
  • #33,682
  • Mar 24, 2014 7:02pm Mar 24, 2014 7:02pm
Quoting GilR
{quote} I am correct that 10pm Pacific is 5gmt? Thanks
6am
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Give yourself a chance and trade it like it's layed out...
  • #33,683
  • Mar 24, 2014 7:12pm Mar 24, 2014 7:12pm
Cu all in the morning night...
Give yourself a chance and trade it like it's layed out...
  • #33,684
  • Mar 24, 2014 7:14pm Mar 24, 2014 7:14pm
Trading hours and frequency - when and what time of the day to trade? How will TMS work? etc.

I get quite a few PMs from members here who ask this same question.

These members hold fulltime jobs and they live in different time zone, most do not have the luxury to trade the London session hours which is by far the best market seesion to trade. They want to trade only once a day but when they reached home but by then the London session has closed or near closing. They have the same problem like many do, thier employers do not allow them to to their office computer for any other puerpose execpt their official work. Some hold service counter jobs where they have no access to computer internet online and not even using a mobile device.

In the past weeks, I have been working with my team to address these situations face by many members. We are still working and testing some new ideas to trade TMS under various constraints faced by members here.

I want to ask for your help here.
Please let me know what other restrictions you have to trade forex during the day other than your fulltime jobs hours, no access to online computer, etc.
You can post here or PM me with the details.
This will help my team come up with a more comprehensive solution to help more people here.

Thank you.

Kind regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,685
  • Mar 24, 2014 7:17pm Mar 24, 2014 7:17pm
Quoting Bizzzle
Week 2 of my Trade to trade the same as the thread owner!! 6am trades: AU- +32 AJ- + 24 Open at 10am: EG- +2 EA- + 34 EU- Break-even UC- Break-even Total for monday closing all at 2pm uk time: 92 pips Keep it sample!!! Cu all in the morning {image}


Which GMT your broker? Please let me know. I want to check your trades. I trying to use IBFX & FXDD. But the candles does not match yours. How do I know this broker uses which GMT?
  • #33,686
  • Mar 24, 2014 7:19pm Mar 24, 2014 7:19pm
Quoting Bizzzle
{quote} 6am {image}
I think you need to add daylight saving -- pretty sure it is around 5 pm in LA which is around 0 gmt.

So 10 pm would be 5gmt.

Or do you ignore daylight saving?
  • #33,687
  • Mar 24, 2014 7:23pm Mar 24, 2014 7:23pm
Quoting Phx62
The downtrend channel is continuing into the third week on the EUR/AUD pair, giving an opportunity to see possible profit targets. Today price continued down to the channel line, hitting my profit target and then price reversed. I was able to re-enter short during London after closing Friday's trades because I didn't want to leave them open over the weekend. After price hit the profit target, I entered long on a TMS reversal signal and picked up 50 more pips. I like to trade the direction of the trend but sometimes will take shorter term trades...
awesome trades Phx62!

what indi do you use to draw the lines showing your trades
He who knows when he can fight and when he cannot, will be victorious.
  • #33,688
  • Mar 24, 2014 7:29pm Mar 24, 2014 7:29pm
As far as I've read, Eelfranz traded with fxdd, their charts match Bizzles and the h4 candle opens at 6am, 10am and 2pm gmt.
  • #33,689
  • Mar 24, 2014 7:32pm Mar 24, 2014 7:32pm
Quoting ababias
{quote} Which GMT your broker? Please let me know. I want to check your trades. I trying to use IBFX & FXDD. But the candles does not match yours. How do I know this broker uses which GMT?
IBFX is gmt +0, fxpro is the same as Bizzles which is gmt +2 so check that one for the candles.
  • #33,690
  • Mar 24, 2014 7:35pm Mar 24, 2014 7:35pm
Quoting lastingwell
As far as I've read, Eelfranz traded with fxdd, their charts match Bizzles and the h4 candle opens at 6am, 10am and 2pm gmt.
I think the confusion is that USA is now daylight saving time which pushes gmt out another hour.
  • #33,691
  • Mar 24, 2014 7:36pm Mar 24, 2014 7:36pm
Quoting GilR
{quote} I think the confusion is that USA is now daylight saving time which pushes gmt out another hour.
Its beside the point really because Bizzle's candle opens at 6am, he can hardly put in a trade at 5 if the candle hasn't closed yet. Like was said at the start of the thread, trade your charts with your 4 hour open as close to Eelfranz as possible if you want to trade like he did.
  • #33,692
  • Mar 24, 2014 7:46pm Mar 24, 2014 7:46pm
Quoting lastingwell
{quote}Its beside the point really because Bizzle's candle opens at 6am, he can hardly put in a trade at 5 if the candle hasn't closed yet. Like was said at the start of the thread, trade your charts with your 4 hour open as close to Eelfranz as possible if you want to trade like he did.
got it now
  • #33,693
  • Mar 24, 2014 8:34pm Mar 24, 2014 8:34pm
Thanks for all the info. This confuses me too. I am now 9:30 eastern, using oanda charts - at midnight in 2 1/2 hours I will have a new 4 hour candle. Am I matching up with Eelfraz and Beezle?
  • #33,694
  • Mar 24, 2014 8:41pm Mar 24, 2014 8:41pm
Quoting as33156
{quote} Thanks for the heads up Kingdomk, It should be fine though. My capital protection kicks in at only 30 pips in profit so it should at least be able to get me to break-even on the trade if anything. I'm hoping that this will be the beginning up its ascent lol. I would love to ride up for 300+ pips profit.
Did you pull the trade or do you run the full 70-80 pip stop?
  • #33,695
  • Mar 24, 2014 8:58pm Mar 24, 2014 8:58pm
Quoting GilR
{quote} Did you pull the trade or do you run the full 70-80 pip stop?
I just looked at it and I see it was down a shit load and I'm down just 20 now as I type. What a shitty freaking start to the week for me! I have been down as much as 40 pips before in a trade and ended up 100 pips in profit on the trade though. However this FREAKING STINKS! My SL is 78 pips. Looks like I got in RIGHT at the freaking top. It couldn't even go up at least 1 pip in my favor before slamming down. G & E trades have been very disappointing for me so far this week. I mean what has AUD discovered the world biggest oil field or something?

Geez such strength. And I not getting any signals on other ones that then just keep moving up or down. I gotta look at bounce trades and avoid betting against the AUD this week it seems.


I guess I will let the trade run it's cross. Because today I got of GCAD for a 20 pip lost and it then dropped 40 pips in my favorite like as soon as I did that. I hoping E will really and get my breakeven or more. Only time will tell though. I just gotta stay positive.

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MAY THE PIPS BE WITH YOU!
  • #33,696
  • Mar 24, 2014 9:04pm Mar 24, 2014 9:04pm
Quoting lastingwell
{quote}IBFX is gmt +0, fxpro is the same as Bizzles which is gmt +2 so check that one for the candles.
Thanks for the info. Just now, I called and confirmed FXDD is GMT +3. I am in US. FXpro not able to download. If anyone have an idea with GMT+2 broker for US residents.
  • #33,697
  • Mar 24, 2014 9:06pm Mar 24, 2014 9:06pm
AUDJPY has been bouncing around in a small range the past couple of hours, about 13pips not a large amount, just scalping it when it hits top of the range.
  • #33,698
  • Mar 24, 2014 9:12pm Mar 24, 2014 9:12pm
Quoting as33156
{quote} I just looked at it and I see it was down a shit load and I'm down just 20 now as I type. What a shitty freaking start to the week for me! I have been down as much as 40 pips before in a trade and ended up 100 pips in profit on the trade though. However this FREAKING STINKS! My SL is 78 pips. Looks like I got in RIGHT at the freaking top. It couldn't even go up at least 1 pip in my favor before slamming down. G & E trades have been very disappointing for me so far this week. I mean what has AUD discovered the world biggest oil field...

We have.
  • #33,699
  • Edited 9:26pm Mar 24, 2014 9:16pm | Edited 9:26pm
Quoting ababias
{quote} Thanks for the info. Just now, I called and confirmed FXDD is GMT +3. I am in US. FXpro not able to download. If anyone have an idea with GMT+2 broker for US residents.
Download a demo but trade from your platform.

Alpari is gmt2. You make need to "makeup" address etc and use online email

Admiral Markets is another
  • #33,700
  • Mar 24, 2014 9:28pm Mar 24, 2014 9:28pm
Well I have not found any 4 hr trades so far today (Aussie time). To many WRB shadowing signals
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