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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

  • #36,361
  • Apr 17, 2014 1:29pm Apr 17, 2014 1:29pm
Short GBPUSD, Short EURUSD, Long USDCHF. Bit late for me to be trading but got some signals. In profit on all three trades. May close soon as going out.
  • #36,362
  • Apr 17, 2014 2:00pm Apr 17, 2014 2:00pm
The goodness in this thread is back in the first pages, the clue is in the name. Sure you need to know the basics like MM, S/R but these can be learnt in a few days. My advice to newbies is to read all of big E's and Phx62 posts. Start with the basics then you can add your own spin as you improve and gain experience. The most important thing is to start trading as soon as possible with real money (not all you capital) using good MM, you can't learn to trade by reading thousands of pages of a thread, you have to trade in a live environment.
  • #36,363
  • Apr 17, 2014 4:15pm Apr 17, 2014 4:15pm
Quoting Bullet
The goodness in this thread is back in the first pages, the clue is in the name. Sure you need to know the basics like MM, S/R but these can be learnt in a few days. My advice to newbies is to read all of big E's and Phx62 posts. Start with the basics then you can add your own spin as you improve and gain experience. The most important thing is to start trading as soon as possible with real money (not all you capital) using good MM, you can't learn to trade by reading thousands of pages of a thread, you have to trade in a live environment.
  • #36,364
  • Edited 5:07pm Apr 17, 2014 4:52pm | Edited 5:07pm
Will not be trading today --- gotta go fix my rental property

Closed all positions

Day trade
AU(s) +30; ECHF +14, GJ +25

4 hr
AJ -5

Looks like my week finished ok, not brilliant
  • #36,365
  • Apr 17, 2014 5:16pm Apr 17, 2014 5:16pm
Kanderpro I read your PM but cannot respond, but believe your reference to RJ and doing something constructive is about right.

It would seem that anybody who tries to hold to the ideals of the Eric and his great system end up pushed out and it needs to stop. They should not feel they are inferior because people with big ego's and superior "trading knowledge" take over. This trading strategy was never for those guys, but people like us who struggled with FX to show a way we could make some pips without all the fluff.
  • #36,366
  • Apr 17, 2014 6:02pm Apr 17, 2014 6:02pm
Quoting fxFox.mb
{quote} Search the paperclip above for TDI Red Green.mq4 or Traders Dynamic Index.mq4 that are the non realtime ones {image} {image}
Thanks Fx Fox!
  • #36,367
  • Apr 17, 2014 7:49pm Apr 17, 2014 7:49pm
Quoting Next4467
{quote} Hi gavman sorry for the delay, i have been away from the computer all day. My indi is called session range, i think its the same as phx62's. Try it. {file}
Thanks Next4467 - works perfectly! The times can be changed but the times need to align with your broker times. I have a GMT +2 broker so my times look like this;

02:00/18:00/23:00
11:00/03:00/08:00

Hope that helps!
  • #36,368
  • Apr 17, 2014 8:11pm Apr 17, 2014 8:11pm
Quoting Next4467
{quote} I think you can only change the GMToffset. {image}
Hi Next4467,

It looks like the Tokyo session is only 7 hours, London 10 hours and NY 9 hours according tho your time settings?

They can be edited if you want to make changes.

Because my broker is GMT +2 you will see that my GMT offset is set to 2.
Attached Image
  • #36,369
  • Apr 17, 2014 8:47pm Apr 17, 2014 8:47pm
Reminder that it's a Bank holiday today. Volatility will be low.
Everything you can imagine, is real - Pablo Picasso
  • #36,370
  • Apr 17, 2014 11:16pm Apr 17, 2014 11:16pm
Quoting Direwolf
Reminder that it's a Bank holiday today. Volatility will be low.
Guys regarding banks holiday

Look up EA, been trending all week 24 hours non stop from Asian to New York, now look at this pair after NYO close , dead as sea water , does it say something about the holidays?
I Have Learned to Take Some Losses to Make Profits
  • #36,371
  • Apr 17, 2014 11:39pm Apr 17, 2014 11:39pm
Quoting GilR
Will not be trading today --- gotta go fix my rental property Closed all positions Day trade AU(s) +30; ECHF +14, GJ +25 4 hr AJ -5 Looks like my week finished ok, not brilliant
Lol DIY weekend for most I think

I won't be trading today due to the bank holidays and I think next week will be pretty quiet as well so I'll make a decision nearer the time.

Nice results again mate. I've decided to start monitoring more pairs since you and Bizzzle have had much success with pairs that I don't currently follow.

Hope to see Bizzzle back here again soon!
Focus on the process and the profits will follow
  • #36,372
  • Apr 18, 2014 12:22am Apr 18, 2014 12:22am
My entry correct?
Attached Image (click to enlarge)
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  • #36,373
  • Apr 18, 2014 12:49am Apr 18, 2014 12:49am
Quoting Phx62
{quote} Yes, it was a pending order that was picked up. Sometimes pending orders won't get picked up if price is moving too fast but in this case, it was. I actually set the pending order based on the PCRF that price formed just before the news release and a cross of the TDI. I put the pending order a few pips below the PCRF, in case price spiked up first. Also, I did not give it much room to breath. I set my SL very close to the top of the PCRF so there was a very small risk. Success to you......
Thank you very much Sir!
If you don't mind, I have one last question. I am trying to use Cave Manager with your settings. In your previous description, I found your two setups for both 15M and 1H:

Aug 4, 2013 1:14am
"I have the Trail By Candle set to true with the pips behind candle at 10 and Activate After Pips set to 16 and the EA is on my M15 chart"
http://www.forexfactory.com/showthre...72#post6866272

Jun 7, 2013 5:31am
"I will use the Trail By Candle on the H1 to trail behind candle HL by 5 pips and that is set to activate after 16 pips"
http://www.forexfactory.com/showthre...96#post6735696

When you trade at 1H chart, you use CM 1H setup, and when you trade based on 15M chart (scalping) you use CM 15M setup. Is that correct?

Thanks you very much.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #36,374
  • Apr 18, 2014 1:14am Apr 18, 2014 1:14am
Quoting heispark
{quote} Thank you very much Sir! If you don't mind, I have one last question. I am trying to use Cave Manager with your settings. In your previous description, I found your two setups for both 15M and 1H: Aug 4, 2013 1:14am "I have the Trail By Candle set to true with the pips behind candle at 10 and Activate After Pips set to 16 and the EA is on my M15 chart" http://www.forexfactory.com/showthre...72#post6866272 Jun 7, 2013 5:31am "I will use the Trail By Candle on the H1 to trail behind candle HL by 5 pips and that is...
I think I read in one of his posts that he stopped trailing behind the candle.
  • #36,375
  • Apr 18, 2014 1:42am Apr 18, 2014 1:42am
Quoting Nellycopter
This thread is great, every day I get a chuckle from reading it....... It's better than the local paper........ I think if the thread starter was still with us, quite a few would have been evicted by now no mention of names though............... The basics...... When green crosses red price will do one of three things .... go up..... Go sideways ...... Or go down........ You need to learn some simple stuff to give you the edge on which way it might go, I think its great how some of the people who have been a member for many years on here are now...
Nellycopter,

Believe it or not but I really like your logics.
  • #36,376
  • Apr 18, 2014 2:51am Apr 18, 2014 2:51am
Quoting GilR
{quote} Like your profile and good to see you made some pips
Cheers GilR - Have a great Easter Weekend! (PS - if you want to hook up on skype or something give me a PM - I trade from UK as well).

God bless

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #36,377
  • Apr 18, 2014 3:05am Apr 18, 2014 3:05am
Quoting jimmynoodles
{quote} Cheers GilR - Have a great Easter Weekend! (PS - if you want to hook up on skype or something give me a PM - I trade from UK as well). God bless Jimmy
I have run out of PM access for 24 hours. My skype id on profile
  • #36,378
  • Apr 18, 2014 3:10am Apr 18, 2014 3:10am
Quoting TheScorpS
{quote} Guys regarding banks holiday Look up EA, been trending all week 24 hours non stop from Asian to New York, now look at this pair after NYO close , dead as sea water , does it say something about the holidays?
Looking at how London and Asian session do the heavy lifting on EA. Anyway have a good holiday folks. Hoping Zoopots, Bizzzle and others have a change of heart and we seem them posting again soon.
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  • #36,379
  • Apr 18, 2014 3:34am Apr 18, 2014 3:34am
Quoting leonlee0116
My entry correct? {image}
What's with all the indicators o.O I can barely see your entry, but from what I gather - no. Look at the candles before your entry. You're entering a rangebound market, it is not enough to take a TDI cross.
  • #36,380
  • Apr 18, 2014 3:39am Apr 18, 2014 3:39am
I would appreciate any help in setting this indicator right. I am using FXCM NY close that is GMT+3 and found the trading hours here , setting it to GMT+3.
I have used only first 5 hours in Tokyo session. Please find the image below.
Attached Image (click to enlarge)
Click to Enlarge Name: Session range indicator.png Size: 90 KB


I would appreciate the right settings.

Regards
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