Trading Made Simple | Page 1840 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #36,781
  • Apr 25, 2014 12:27am Apr 25, 2014 12:27am
Quoting CharlieTuna
Short EA Long AU
Funny as was thinking of doing opposite.

Seriously though will watch GBP pairs prior to high impact news at 9.30 am, then perhaps call it a week. Seems to be a distinct lack of liquidity.
  • #36,782
  • Apr 25, 2014 12:34am Apr 25, 2014 12:34am
Quoting hostwey
{quote} Seems to be a distinct lack of liquidity.
the whole week, it seems, has been just that..
Pip what you see; See what you pip!
  • #36,783
  • Apr 25, 2014 1:29am Apr 25, 2014 1:29am
WEEK 1 DAY 5

eurusd +15
usdchf +15

+30 pips for the week . Not so bad according to time spend 15 minutes per day.

See you next week .

Good trading to all.
  • #36,784
  • Apr 25, 2014 1:47am Apr 25, 2014 1:47am
Quoting pips29
{quote} Nice trades fxfox. Took same trade on E/Y but got stopped out for a loss. Instead of E/A I took G/A. still running with some left {image}
That was a nice straight move on GBP/AUD - you were in - not as choppy as on EURAUD. I should have an additional eye on it, didn't follow the GBP/AUD the last weeks.
But why did you enter a little late? I've marked the entry on your chart where I normally would have entered.
Attached Image (click to enlarge)
Click to Enlarge Name: pic12_commfxfox.png Size: 66 KB
fxFox (all times in my charts are GMT+1)
  • #36,785
  • Apr 25, 2014 2:03am Apr 25, 2014 2:03am
Quoting geomoon
{quote} Nice trades FxFox , I took the same exact trade for buying the EJ and got stopped out at BE , so I thought this will turn messy and just watched the markets. I wanted to take the EA buy trade but when I saw yesterday move I thought that the price is too high to buy, and again the market always proves that there is no too high or low price... Cheers
Thats the same for me. Sometimes I hesitate too long on not 100% clear TDI/PA or see that the market made a move before I could have been in front the screen and could follow. So than you have the decision to enter late or wait for anoher move. If one decide not to enter and you see the move making a nice development you're frustrated not beeing in and sometimes you get no other chance on that day on that pair.
Although in that case I often decide not to enter and protect my capital. Another possibility could be to enter with a smaller position to reduce the risk.

Another difficult decision which costs quite an effort to do it is to enter to the other side if a move turnes like yesterday afternoon on NY session start on EURJPY. My entering yesterday was based on the choppy conditions before combined with the two strong pullbacks from the London session high.
fxFox (all times in my charts are GMT+1)
  • #36,786
  • Apr 25, 2014 2:29am Apr 25, 2014 2:29am
Quoting fxFox.mb
{quote} Thats the same for me. Sometimes I hesitate too long on not 100% clear TDI/PA or see that the market made a move before I could have been in front the screen and could follow. So than you have the decision to enter late or wait for anoher move. If one decide not to enter and you see the move making a nice development you're frustrated not beeing in and sometimes you get no other chance on that day on that pair. Although in that case I often decide not to enter and protect my capital. Another possibility could be to enter with a smaller position...
Exactly ....
  • #36,787
  • Apr 25, 2014 3:03am Apr 25, 2014 3:03am
Quoting nsscott
{quote} sorry to for my tech cluelessness but how? I have tried to do this from the chart, the indicator window and from the indi list. I see no way to drag and drop. Thanks!
hope this helps coz it worked fine for me.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI w Stochs.png Size: 119 KB
  • #36,788
  • Apr 25, 2014 3:14am Apr 25, 2014 3:14am
Quoting alex8585
{quote} What about EG long.
Finally out I just discovered for +7p - gotta be happy.

A lazy day with friends around the BBQ and then some tennis
  • #36,789
  • Apr 25, 2014 3:19am Apr 25, 2014 3:19am
Quoting nsscott
{quote} sorry to for my tech cluelessness but how? I have tried to do this from the chart, the indicator window and from the indi list. I see no way to drag and drop. Thanks!
From the navigation window (ctrl+n) I dragged TDI on the chart, that created a new indicator window underneath, then I dragged and dropped Stochastic Slope on that TDI window. If you did the same and it didn't work than I'm not sure what's up


No trades for me today. Everything seems to be lacking momentum.

This week: GU +4.3, GCAD +0.7, ECAD +41.1, GN +7.1
All done with a clean TMS chart + PA. Waiting for next week to let go, trust myself and stop setting those weird small trailing S/L stopping me after an hour of the trade
  • #36,790
  • Apr 25, 2014 3:43am Apr 25, 2014 3:43am
About +40 pips on GBPUSD news trade this morning. I'm actually short EURUSD as I think its a fake move to break stops above Tokyo channel and Week Mid Hi, but may be wrong. Tight stop above a supply zone so will see how it goes, or just get stopped out.
Attached Image
  • #36,791
  • Apr 25, 2014 3:52am Apr 25, 2014 3:52am
Quoting fxFox.mb
{quote} That was a nice straight move on GBP/AUD - you were in - not as choppy as on EURAUD. I should have an additional eye on it, didn't follow the GBP/AUD the last weeks. But why did you enter a little late? I've marked the entry on your chart where I normally would have entered. {image}
The reason I did not take the trade as pointed out by you was I was still in bed. I am a late riser, so no trades earlier than 9am. It was a h4 trade at 10 am
the cautious seldom err....C
  • #36,792
  • Apr 25, 2014 3:54am Apr 25, 2014 3:54am
Quoting GilR
{quote} Finally out I just discovered for +7p - gotta be happy. A lazy day with friends around the BBQ and then some tennis
Good to hear my friend. Have a nice weekend and many pips next week
  • #36,793
  • Apr 25, 2014 4:56am Apr 25, 2014 4:56am
Quoting eelfranz
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... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries...
Dear sir!
Thank you for this system, I have began test it on micro account, my English not very good, please tell me what mean

"If it's candle 3 or more don't enter... "

Where must be 3 candles before enter or after enter?

Thanks
  • #36,794
  • Apr 25, 2014 5:18am Apr 25, 2014 5:18am
Quoting camron
{quote} hope this helps coz it worked fine for me. {image}
Thanks camron...that worked!
  • #36,795
  • Apr 25, 2014 5:37am Apr 25, 2014 5:37am
Quoting safrash
{quote} Dear sir! Thank you for this system, I have began test it on micro account, my English not very good, please tell me what mean "If it's candle 3 or more don't enter... " Where must be 3 candles before enter or after enter? Thanks
Safrash - I believe it means that it is best to enter on the second candle, not the third candle. Good trading
  • #36,796
  • Apr 25, 2014 5:37am Apr 25, 2014 5:37am
Quoting safrash
{quote} Dear sir! Thank you for this system, I have began test it on micro account, my English not very good, please tell me what mean "If it's candle 3 or more don't enter... " Where must be 3 candles before enter or after enter? Thanks
safrash,

unfortunately eelfranz passed away about 2 years ago.

You should read all his posts - look at the summaries "Big E" in the attachment of the thread (see paperclip above).

Because he found out that average moves consists of 3 to 8 average price bars (APB) with the same color he suggests not to enter on the later candles.
He meant entering on 1st or 2nd candle after a color change of the APB is good. If the TDI cross come on candle 3 or later, do not take the trade.
fxFox (all times in my charts are GMT+1)
  • #36,797
  • Apr 25, 2014 6:29am Apr 25, 2014 6:29am
Quoting fxFox.mb
{quote} safrash, unfortunately eelfranz passed away about 2 years ago. You should read all his posts - look at the summaries "Big E" in the attachment of the thread (see paperclip above). Because he found out that average moves consists of 3 to 8 average price bars (APB) with the same color he suggests not to enter on the later candles. He meant entering on 1st or 2nd candle after a color change of the APB is good. If the TDI cross come on candle 3 or later, do not take the trade.

Oho
my condolences to his family

Ok I understood your comment
thank you sir
  • #36,798
  • Apr 25, 2014 6:40am Apr 25, 2014 6:40am
Took GN H1 trade and this is the story so far

Took this trade at the bounce just 1/2 hour before GB news
Attached Image (click to enlarge)
Click to Enlarge Name: 1st image GN H1.gif Size: 21 KB

After the news trade went against me but I stayed in
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Image GN H1.gif Size: 21 KB

Now
Attached Image (click to enlarge)
Click to Enlarge Name: GN H1.png Size: 199 KB


Had a really bad week, Hope to end with some green.

Regards
  • #36,799
  • Apr 25, 2014 6:46am Apr 25, 2014 6:46am
had to go out before 10, so took trades on H1 before candle closed .2 majors and a yen pair with tight stoploss
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic13.png Size: 68 KB
Click to Enlarge Name: pic14.png Size: 64 KB
Click to Enlarge Name: pic15.png Size: 56 KB
the cautious seldom err....C
  • #36,800
  • Apr 25, 2014 9:27am Apr 25, 2014 9:27am
Quoting Tanglewood
{quote} Safrash - I believe it means that it is best to enter on the second candle, not the third candle. Good trading
Candle entry clarification as posted by Big E.

Attached Image (click to enlarge)
Click to Enlarge Name: 1st candle TMS.gif Size: 27 KB
War. Is my profession.
61 traders viewing now