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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 system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #40,801
  • Sep 3, 2014 5:23am Sep 3, 2014 5:23am
Quoting juwel0172
{quote} Dear EELFRANZ, I am new trader, I found this tread very recent, I am confused that this strategy is for 5m or h1, you say you trade at H1 but i found sometime describe for short time frame. After a long time from starting your strategy should modified , do you pls send the latest strategy after modification, I think that will help me very much. Waiting for your kind reply.
Eelfranz has sadly passed away. Read the thread a bit and you will find most are trading H4 and H1, and Eelfranz mostly traded H4.
  • #40,802
  • Sep 3, 2014 5:31am Sep 3, 2014 5:31am
Quoting likica
{quote} Look like you are the master of EJ TheScorpS. It seem like I have not to been on time for this pair (missed it many times)
Thanks a lot, well all I done was seeing this setup many times, got hurt by it many times, so today I decide this is it, trading the other way
I Have Learned to Take Some Losses to Make Profits
  • #40,803
  • Sep 3, 2014 5:32am Sep 3, 2014 5:32am
Quoting omonisha
{quote} Yes it did..GBPAUD.. closed due to news {image}
Very good and good luck , keep shoving pips from the market
I Have Learned to Take Some Losses to Make Profits
  • #40,804
  • Sep 3, 2014 5:36am Sep 3, 2014 5:36am
Looking at EA H1 again

Might be changing to long, but I will wait at least new 4H candle to form and then decide from there, if its going long, continue short, or just swim sideways

PA as of now sitting tightly at 61.8 % retracement of prior impluse leg where I draw the green circle
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I Have Learned to Take Some Losses to Make Profits
  • #40,805
  • Sep 3, 2014 6:19am Sep 3, 2014 6:19am
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more pips for me again awesome
  • #40,806
  • Sep 3, 2014 6:49am Sep 3, 2014 6:49am
EURCAD
H4 shows short opportunity while H1 shows long.
Do I wait for H1 to show short to enter or can I enter short on the H4?

Thoughts, comments?
(I know the spread is huge, but well thats just my broker)

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  • #40,807
  • Sep 3, 2014 6:59am Sep 3, 2014 6:59am
Quoting brath
{image} more pips for me again awesome
Nice trades , good luck, try to add some information regarding ur reasons for entry

For example , why wouldn't u enter second red candle after LO?
I Have Learned to Take Some Losses to Make Profits
  • #40,808
  • Sep 3, 2014 7:10am Sep 3, 2014 7:10am
Quoting froglicker
EURCAD H4 shows short opportunity while H1 shows long. Do I wait for H1 to show short to enter or can I enter short on the H4? Thoughts, comments? (I know the spread is huge, but well thats just my broker) {image} {image}
I would usually wait for H1 to turn back round again, it usually saves drawdown.
  • #40,809
  • Sep 3, 2014 7:15am Sep 3, 2014 7:15am
Quoting TheScorpS
{quote} Nice trades , good luck, try to add some information regarding ur reasons for entry For example , why wouldn't u enter second red candle after LO?
hi Scorps i sent you a pm message just now need your help a bit...
  • #40,810
  • Sep 3, 2014 7:40am Sep 3, 2014 7:40am
Quoting lastingwell
{quote}I would usually wait for H1 to turn back round again, it usually saves drawdown.
Alright. Thanks mate!Was thinking the exact same thing. cheers!
  • #40,811
  • Sep 3, 2014 8:07am Sep 3, 2014 8:07am
Quoting TheScorpS
EJ_h1 +24 pips on the go, LO low price might be support , so back to waiting game I have my rule and I followed that and it worked {image}
hi Scorps i mean the 137.775 ,137842,lines the two ema lines and the H4 low and H4 high indi i dont have that stuff can you share it please
  • #40,812
  • Sep 3, 2014 9:58am Sep 3, 2014 9:58am
Quoting Phx62
I have received several PM's over the past couple of months asking me if I am still trading this system and asking me to post some charts. While I do not intend to become active in this thread again, I thought I would post a couple of charts showing trades that I took this week. I do stop by and read posts occasionally. Lastingwell, ScorpS and the rest of you, keep up the good work. The simple system outlined by Big E works and I am grateful he shared his insights with us all before he passed.{image}{image}
I am back in Forex tradin after one year. I am glad to see your poat. 1 year back I have also seen your last post (which disappointed me). Beg E was really a great trader. May his soul rest in peace.
  • #40,813
  • Sep 3, 2014 10:15am Sep 3, 2014 10:15am
Quoting brath
{quote} hi Scorps i mean the 137.775 ,137842,lines the two ema lines and the H4 low and H4 high indi i dont have that stuff can you share it please
Will add those later
I Have Learned to Take Some Losses to Make Profits
  • #40,814
  • Sep 3, 2014 10:19am Sep 3, 2014 10:19am
Scalping EJ on the short side, after closing first trade short, waited PA to reach the top once again forming triple top resistance, went down to M15, PCRF and pullback so thank you Phx62

Good for +29 pips
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I Have Learned to Take Some Losses to Make Profits
  • #40,815
  • Sep 3, 2014 10:30am Sep 3, 2014 10:30am
Quoting TheScorpS
Scalping EJ on the short side, after closing first trade short, waited PA to reach the top once again forming triple top resistance, went down to M15, PCRF and pullback so thank you Phx62 Good for +29 pips {image} {image}
I m impressed with your Ej trades. will pay more attention to Ej.

Here my little scalp trade (short) from M5 of EU with 3 TDIs this morning. I bet someone will have square eyes by looking at it
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #40,816
  • Sep 3, 2014 11:02am Sep 3, 2014 11:02am
^ Grabs sunnies
"You know what needs to be addressed , completely completely reverse that".
  • #40,817
  • Sep 3, 2014 11:04am Sep 3, 2014 11:04am
Hi , could you please help ? I used this strategy one year ago and it paid of but I do not know why I forgot it
after that and started using other methods end fucked up & lost everything..

Now , I need someone remind me : is it a rule to enter with the first red candle that closes under the 5EMA???

Is it possible also to let me know my fault that caused me little lose in the attached photo?
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  • #40,818
  • Sep 3, 2014 11:05am Sep 3, 2014 11:05am
Quoting likica
{quote} I m impressed with your Ej trades. will pay more attention to Ej. Here my little scalp trade (short) from M5 of EU with 3 TDIs this morning. I bet someone will have square eyes by looking at it {image}
Thanks a lot , I really am appreciate taking the time and posting ur trades as well, I sometime investigate them dreadfully to get to know how you take those ones , by the way , why didn't you take the second red candle after the setup candle and went with the third?

Anyway TMS you want to read on Wall Street traders , read this book , I think u will be hooked when you start to read this, but as well might be only me since the way he trades based on EMA 10, anyway this isnt a book about technical but rather about a traders life , am almost done reading that and was a good read.
Attached Image
I Have Learned to Take Some Losses to Make Profits
  • #40,819
  • Sep 3, 2014 11:41am Sep 3, 2014 11:41am
Quoting smartsociety
Hi , could you please help ? I used this strategy one year ago and it paid of but I do not know why I forgot it after that and started using other methods & lost everything.. Now , I need someone remind me : is it a rule to enter with the first red candle that closes under the 5EMA??? Is it possible also to let me know my fault that caused me little lose in the attached photo? {image}
Probably best to go back and read the first 10 or so pages of the thread to refresh your knowledge of this method, generally second candle entry, not third. Also check the 10 ema written about in recent posts. As for fault your trade turned against you, happens sometimes.
"You know what needs to be addressed , completely completely reverse that".
  • #40,820
  • Sep 3, 2014 11:48am Sep 3, 2014 11:48am
Thanks Kmw , actually I did read the first 17 pages still do not think I passed by sth says below the line of EMA or not
but I remeber so from my last study to the subject , all in all as you said it happens .

I still hope either if someone can give me summary of rules or we should make a file PDF/ WORD contain the key instructions.
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