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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #35,461
  • Apr 10, 2014 8:54pm Apr 10, 2014 8:54pm
Quoting Direwolf
@GiRL, 140 pips holding your position only a day is super! Thanks again for sharing.
With the daily setups I try only to trade with the daily channel. I only consider trading against if top or bottom of channel
  • #35,462
  • Apr 10, 2014 8:55pm Apr 10, 2014 8:55pm
Quoting SeerEye
{quote} Follow up from yesterday - TDI determined.. I'm still learning this system. My focus for execution is entry. If I can execute 4-5 trades per week.. that is good. If that yields +25 pips per trade, even better... S/l is at BE +1 - can't loose, .. {image}
closed - at .9364 @ 38.2 Fib +48 pips.
Pip what you see; See what you pip!
  • #35,463
  • Apr 10, 2014 8:57pm Apr 10, 2014 8:57pm
Quoting Zoopots
{quote} Mike, Once I moved the stop to break even on this position I shifted to a Position trade mentality...that is, I'm watching the Daily chart. I could have explained that better in the post. As you can see by the chart below, I'm trailing the Daily PAC with the S/L using the same concept I do for an H4. {image}
I am sorry Zoopots.May be I am confused. As I learned you put your SL's a litlle bit below the Lower PAC line.If this is right then how you survived April 7-9 when price broke the lower PAC?
How much is your SL distance to the lower PAC line?
Sorry if these are redundant questions but I don't get it

Regards
Mike

P.S. Sorry ,I was referring to your Last chart which I just figured out it is H4 chart.Now I am clear. Thanks
Failure, is a wonderful teacher!
  • #35,464
  • Apr 10, 2014 9:08pm Apr 10, 2014 9:08pm
Quoting GilR
{quote} Have added the extras http://www.forexfactory.com/showthre...36#post7398436 Remember also as I understand Big E did not get caught up in MM (Bizzzle can correct me). On 10000$ account he took 1 lot and moved his emergency stop far enough away not to caught To put in perspective 5000$ is 0.5 lots and 500$ is 0.05 lots
Thanks for your reply. but I wanted to know how many trades you took to gain these pips, so we can know average pip per daily trade.


Thanks
  • #35,465
  • Edited 9:29pm Apr 10, 2014 9:08pm | Edited 9:29pm
Quoting GilR
Hi guys! I just wanted to add this for those of you who are new and feel overwhelmed by all the different trading strategies now in this thread. I joined this TMS thread some time back looking for a “easier” way of trading. For most of my trading career I’ve concentrated on the 1 minute chart and scalping with moderate success t, but very time-consuming. In fact any profit was soon lost in more courses etc etc. When I came across this thread I read about the first 25 pages and realised that Big E was not only onto something simple, but it was working...
Cheers GilR, stalked this thread for a few months now but decided to join fxfactory after all.
I just wanted to clarify on your London 4hr, as I too am from AUS.
When you say 6am/10am London, are you talking London local time. 6pm/10pm AEST time?
I too began with 15m charts, to 1hr charts but now now focussing primarily on 4hr,D charts. So much less stress!
Cheers mate
  • #35,466
  • Apr 10, 2014 9:09pm Apr 10, 2014 9:09pm
Quoting mike1349
{quote} I am sorry Zoopots.May be I am confused. As I learned you put your SL's a litlle bit below the Lower PAC line.If this is right then how you survived April 7-9 when price broke the lower PAC? How much is your SL distance to the lower PAC line? Sorry if these are redundant questions but I don't get it Regards Mike P.S. Sorry ,I was referring to your Last chart which I just figured out it is H4 chart.Now I am clear. Thanks
No problem Mike. Just to be clear, the chart on my last post 35,464 is a Daily and that's how I'm managing the S/L now.

Take care.
  • #35,467
  • Apr 10, 2014 9:10pm Apr 10, 2014 9:10pm
Quoting mkfx
{quote} Thanks for your reply. but I wanted to know how many trades you took to gain these pips, so we can know average pip per daily trade. Thanks
Hi GilR

I got the information on post you mentioned

Thanks
  • #35,468
  • Apr 10, 2014 9:53pm Apr 10, 2014 9:53pm
USDCHF H4, more inside bar winding up again. Another explosion downward around the corner maybe.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #35,469
  • Apr 10, 2014 9:59pm Apr 10, 2014 9:59pm
If we want the Big E results we should learn to think as he did! Even the font he used "Comic Sans MS"

Eelfranz's mindset:
My attitude is "I'm gonna win every trade I enter". I'm confident. Now and then I get
my butt kicked but so what... I learn from it and move on. I see it like stepping into a
gopher hole... I didn't see it... I get up and get going.
Every time I trade I image going to the bank with my wheel barrow. I know there going
to pay me... I just don't know how much today.Throw your fear into the trash... walk
away and don't look back. I tell the market in my minds eye "I refuse to be beaten... I'm
smarter than you because I've figured out an easy system to whop your butt". Don't
take any crap from the market... your better than it is... don't listen to the downer
rumors and excuses... kick ass in your mind and your attitude towards the market...
I'm fired up the more I type it. Hot damm. Got to get a bucket of water to splash my keyboard to cool it down.... brb...
Trading isn't difficult... over coming your fears is the problem in most cases. Decide in
your mind to take control & kick bootie. Until you do that you will never be more than a
minimum trader. Tell the market to go to hell... your here now... grab the horns... get
some... b.... well you know...
Fear in peoples lives destroys so many. There is nothing to fear in the market. Practice,
practice, practice on DEMO. THAT'S THE ONLY WAY TO BUILD CONFIDENCE. I
took a " year off" of live trading and just studied old charts building my confidence....
trading Demo Only. Now I have no fear to push the button... take the trade. Sometimes
I exit too early and miss another 50 pips... so what... I'm on the prowl looking thru my
charts looking for the next trade. If there is none... click off and check back later.
Develop the attitude "You can't beat me sucker" I'm here to clean your clock." I'm
serious. Make the market bow to you!
Big E
  • #35,470
  • Apr 10, 2014 10:02pm Apr 10, 2014 10:02pm
On stop loss trading Big E says

Attached Image (click to enlarge)
Click to Enlarge Name: sl.jpg Size: 29 KB


Get what he is saying -- Only use if you must!!!
  • #35,471
  • Apr 10, 2014 10:12pm Apr 10, 2014 10:12pm
thanks for the invaluable info gilr. i have also had success on dmeo trading TMS on daily chart but i was holding positions open over multiple days / weeks sometims, part closing and trailing the rest of positions.

can you give more information about the daily channel? is that the fxshi channel indicator or are you manually drawing channel?

thanks

Quoting GilR
{quote} With the daily setups I try only to trade with the daily channel. I only consider trading against if top or bottom of channel
  • #35,472
  • Apr 10, 2014 10:20pm Apr 10, 2014 10:20pm
Quoting blamshakk
thanks for the invaluable info gilr. i have also had success on dmeo trading TMS on daily chart but i was holding positions open over multiple days / weeks sometims, part closing and trailing the rest of positions. can you give more information about the daily channel? is that the fxshi channel indicator or are you manually drawing channel? thanks {quote}
Yep, just the Mtf_shi_channels set to 1440 for daily and 240 for 4h. When the daily and 4h intersect with price can be a very good trade with TMI both on daily and 4h chart
  • #35,473
  • Apr 10, 2014 10:42pm Apr 10, 2014 10:42pm
Somebody a while back put this list together to summerise Big E trading rules

Attached Image (click to enlarge)
Click to Enlarge Name: rules.jpg Size: 374 KB


On one of Big E posts he made this comment (my emphesis)

Keep it simple... When green crosses red... enter at the beginning of that candle. Make sure it's candle #1 or 2... otherwise pass and find another trade unless it's a bounce trade. Always look left to make sure your not trading into a close supp/res level. You know the exit rule from the previous post... hope you trade the 4hr chart and make gobbs of pips... Big E

Have you read the thread completely? For about the 3rd time... I don't use a SL on the Hour charts and on the 4hr charts I use the last swing/reversal hi or lo...

The main entry rule is: green crossing red on the TDI within the first 2 candles for an entry...

I don't care what the red TDI line is doing.

Did Stoch's confirm the TDI signal between the 20-80 lines...?

The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...

If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...

All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why..
  • #35,474
  • Apr 10, 2014 10:51pm Apr 10, 2014 10:51pm
Quoting thinkpad123
{quote} I am attaching a set file in which your rest of 30 percent position will be trailed after 50 pips by the previous candle high or low. All other settings are the same as you are already using. Good luck {file}
Hi Thinkpad,

First of all, thanks so much for all the great posts and insights you have contributed to this thread.

Please can you explain how to use the fxtp.set file with the Cave Manager EA? I would really like to install this as I seem to be losing more pips than I should by 'pulling the plug' too early in my profitable trades.

Cheers,

Gavin
  • #35,475
  • Apr 10, 2014 11:12pm Apr 10, 2014 11:12pm
6 am London in less than an hour. Any suggestions at thsi stage?

I am looking at EJ and UJ
  • #35,476
  • Apr 10, 2014 11:20pm Apr 10, 2014 11:20pm
Quoting GilR
6 am London in less than an hour. Any suggestions at thsi stage? I am looking at EJ and UJ
Hi again GilR,
can I ask why you target the 6am London ? Is this the time you spot setups prior to london/new york open on the 4hr charts?
I've been looking at your 6am/10am positions and want to change my style to 4hr/D trading so your advice is invaluable.
Cheers mate.
  • #35,477
  • Apr 10, 2014 11:28pm Apr 10, 2014 11:28pm
Quoting GilR
6 am London in less than an hour. Any suggestions at thsi stage? I am looking at EJ and UJ
Hehe, same 2 for me, but I dismissed UJ as too small of a movement. I'm long on EJ, but it's counter trend so I just want to scalp something in the next 4 hours or 8.

Also marked AUDCAD, CHFJPY, EURCHF, GBPJPY and USDJPY. All of them had dodgy setups, but I want to check later how they went
  • #35,478
  • Apr 10, 2014 11:34pm Apr 10, 2014 11:34pm
[quote=GilR;7398625]If we want the Big E results

Thats an awesome post, RIP Big E for such amazing strategy , I really like when he said the he took off one whole year and just demo trade and studied old chart to build confidence

If TMS want to get the results that Big E talks about then there's no substitute than hard working , studying old chart, building confidence , tweaking here and there until you get to see the results you like to see
I Have Learned to Take Some Losses to Make Profits
  • #35,479
  • Apr 10, 2014 11:40pm Apr 10, 2014 11:40pm
Quoting timginter
{quote}Hehe, same 2 for me, but I dismissed UJ as too small of a movement. I'm long on EJ, but it's counter trend so I just want to scalp something in the next 4 hours or 8. Also marked AUDCAD, CHFJPY, EURCHF, GBPJPY and USDJPY. All of them had dodgy setups, but I want to check later how they went
Like your list Will decide after bar close
  • #35,480
  • Apr 10, 2014 11:42pm Apr 10, 2014 11:42pm
[quote=TheScorpS;7398726]
Quoting GilR
If we want the Big E results Thats an awesome post, RIP Big E for such amazing strategy , I really like when he said the he took off one whole year and just demo trade and studied old chart to build confidence If TMS want to get the results that Big E talks about then there's no substitute than hard working , studying old chart, building confidence , tweaking here and there until you get to see the results you like to see
The bonus is that Big E did the heavy lifting for us. All we need to do is build confidence in his simple strategy by demo trades or small live account

We must avoid trying to re-invent the wheel as many are trying to do in this thread!
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