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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #41,181
  • Sep 18, 2014 6:35pm Sep 18, 2014 6:35pm
Quoting Kmw
{quote} Got to hand this one to ya Emmanuel. You picked it well, I traded badly , Demo still {image}

Thanks Kev.
This one played out as what we saw in pre-trade planning. My Plan A worked out well and target area was reached as we saw that in the weekly chart posted. However, if D chart show the IB breakout to the downside, that would be my Plan B trade.
Keep watch on this pair how the weekly candle will close and maybe we have some good trades next week and days.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY week 38 D1 trades 18-9-2014 8-57-50 PM.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,182
  • Sep 18, 2014 8:16pm Sep 18, 2014 8:16pm
Quoting Arkhambliss
{quote} Wow! 1082 pips in 2 days. You're the king with this system. What does PCRF mean? And would you mind telling me what the indicator on the top left is (the M1 M5 M15, etc). Thanks. PS. Thanks for the feedback Brath and Lastingwell.
Pullback Candle Reversal Formation....it is explained in one of the Phx62 pdf's that some kind soul compiled of my past trades. You can find it in the paperclip at the top of the thread....it is either study 3 or study 4.
The indicator is a custom indicator that I paid for.
  • #41,183
  • Sep 18, 2014 8:24pm Sep 18, 2014 8:24pm
Quoting mact4
{quote} Hi Phx Amazing trades as always. I'm curious - how to you manage your stop loss in this case as you're targeting an ABCD exit? I know you previously stated that you would look to see if a candle closes in a different colour before "deciding" whether to exit, but do you continually move your stop loss to lock in profits or would you just leave it at BE until target is reached? Apologies if you've answered this question previously.
On an ABCD trade that I expect to move a lot of pips, my EA brings the SL to BE at 26 pips profit on each entry and then trails price by 100 pips once I am 100 pips or more in profit. The SL is just an emergency SL. I may exit at any time based on how price is moving. I am looking at GJ now and it is continuing to go long. The next major resistance area occurred in 2002, so price has a long way to go to hit resistance.......I will be entering again cautiously, on a consolidation and TDI cross. I fully expect a price correction before long.
  • #41,184
  • Sep 18, 2014 8:38pm Sep 18, 2014 8:38pm
Quoting Phx62
{quote} On an ABCD trade that I expect to move a lot of pips, my EA brings the SL to BE at 26 pips profit on each entry and then trails price by 100 pips once I am 100 pips or more in profit. The SL is just an emergency SL. I may exit at any time based on how price is moving. I am looking at GJ now and it is continuing to go long. The next major resistance area occurred in 2002, so price has a long way to go to hit resistance.......I will be entering again cautiously, on a consolidation and TDI cross. I fully expect a price correction before long....
Thanks for sharing those beautiful trades, Phx62. I have a lot more to study and put it in good practice.... Just wondering how and how long did it take you to get to 1000pips stage? Your input is highly appreciated.
Appreciation is the key to wealth and happiness
  • #41,185
  • Sep 18, 2014 10:48pm Sep 18, 2014 10:48pm
Quoting likica
{quote} Thanks for sharing those beautiful trades, Phx62. I have a lot more to study and put it in good practice.... Just wondering how and how long did it take you to get to 1000pips stage? Your input is highly appreciated.
I started as a newbie over 8 years ago. I've only been focusing the higher time frame trades and long trades for just over a year.
  • #41,186
  • Sep 18, 2014 10:56pm Sep 18, 2014 10:56pm
Quoting Phx62
GJ trades that I have been in for 3 days, adding positions as it developed. A near perfect ABCD setup (see the H4 chart). All entries and monitoring was done on the H1 time frame (see H1 chart). Initial entry on a Pullback Candle Reversal Formation with the angle of the TDI up but not yet crossed. Entered based on the PCRF and the ABCD setup. Entry 2 on a LO continuation. When the LO candle broke above the previous candle, I entered. Entry 3 made following a strong blue candle and I just happened to be at my computer. I don't usually trade that...
Awesome Job Phx62
  • #41,187
  • Sep 18, 2014 11:12pm Sep 18, 2014 11:12pm
Quoting Phx62
GJ trades that I have been in for 3 days, adding positions as it developed. A near perfect ABCD setup (see the H4 chart). All entries and monitoring was done on the H1 time frame (see H1 chart). Initial entry on a Pullback Candle Reversal Formation with the angle of the TDI up but not yet crossed. Entered based on the PCRF and the ABCD setup. Entry 2 on a LO continuation. When the LO candle broke above the previous candle, I entered. Entry 3 made following a strong blue candle and I just happened to be at my computer. I don't usually trade that...

Just Amazing
Sad i'm not trying to understand PA
  • #41,188
  • Sep 19, 2014 12:02am Sep 19, 2014 12:02am
Failed trades at vertical line. Went short and it went opposite.
Attached Image (click to enlarge)
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  • #41,189
  • Sep 19, 2014 12:06am Sep 19, 2014 12:06am
Quoting fxtrain
Failed trades at vertical line. Went short and it went opposite.
I am little confused .......................................... why did you attach Picasso's painting to your post?
The Thief of Wall Street
  • #41,190
  • Sep 19, 2014 12:37am Sep 19, 2014 12:37am
Quoting fxtrain
Failed trades at vertical line. Went short and it went opposite. {image}
You have the htf tdi on your chart, and it was stepping up.
  • #41,191
  • Sep 19, 2014 12:45am Sep 19, 2014 12:45am
Hi lastingwell,

Happy to see that u have mastered this heiken and tdi trading...i have just
started reading this thread and wanted to know if theres any major
change to the original method...i have seen that you also check
daily time frame tdi if ur trading the 4hr chart...apart from that is there
any new inclusion of indicators or method...please do advice.
What i have seen is that heiken candles are quite different
from normal candles and i tend to get in late on trades and unable
to bank profits...please do advice on how i can improve.

Regards
  • #41,192
  • Sep 19, 2014 12:55am Sep 19, 2014 12:55am
Quoting Phx62
{quote} On an ABCD trade that I expect to move a lot of pips, my EA brings the SL to BE at 26 pips profit on each entry and then trails price by 100 pips once I am 100 pips or more in profit. The SL is just an emergency SL. I may exit at any time based on how price is moving. I am looking at GJ now and it is continuing to go long. The next major resistance area occurred in 2002, so price has a long way to go to hit resistance.......I will be entering again cautiously, on a consolidation and TDI cross. I fully expect a price correction before long....
Sorry, another question

Do you tend to use ABCD for determining your targets now, or do you look for a particular set up that signals to you, indicates an ABCD trade is on the table?
  • #41,193
  • Edited 2:05am Sep 19, 2014 1:46am | Edited 2:05am
Quoting dennis4u15
Hi lastingwell, Happy to see that u have mastered this heiken and tdi trading...i have just started reading this thread and wanted to know if theres any major change to the original method...i have seen that you also check daily time frame tdi if ur trading the 4hr chart...apart from that is there any new inclusion of indicators or method...please do advice. What i have seen is that heiken candles are quite different from normal candles and i tend to get in late on trades and unable to bank profits...please do advice on how i can improve. Regards...
Not really except instead of exiting when the current timeframe tdi levels out or shows a checkmark reversal as eelfranz used to do, I wait until the htf tdi does that and don't forget to use s/r or supply demand, whichever you're comfortable with.
  • #41,194
  • Sep 19, 2014 3:02am Sep 19, 2014 3:02am
Quoting fxtrain
Failed trades at vertical line. Went short and it went opposite.
A trade with no clear direction at your yellow line. TDI rising above 50% means no short.
BBs closing up meaning caution, possible change of direction. MTF TDI flat meaning no trade. Trend crossing down.
To many indicators on there in my opinion giving conflicting signals. Cluttering up your thoughts.
If you want to learn simple trade as in this thread best to drop a couple of them and concentrate on reading
up in the thread. First 20 odd pages, then watch what others have been doing recently, study their charts, both
the successful trades and the non. Read, read, read.

To me this pair was turning up, therefore not suitable for a sell. 3rd candle after your sell entry is the first buy signal according
to TDI rules though it would have been a risky trade. 1st of my lines, 2nd show 3 entry sigs, 4th shows 4 including your
colored MA and your trend indicator.
It's these last two I'd suggest you drop from the charts for a while to concentrate on TDI method

The entry's I've lined would have gotten you a few pips anyway.

Not getting at you, just learn,
we are all here trying to do the same thing from each other, some are way further along than others
Hey, me analysing your chart I'm still doing that very thing, learning charting FX
Attached Image (click to enlarge)
Click to Enlarge Name: safer.png Size: 160 KB
"You know what needs to be addressed , completely completely reverse that".
  • #41,195
  • Sep 19, 2014 3:29am Sep 19, 2014 3:29am
Quoting Phx62
{quote} I started as a newbie over 8 years ago. I've only been focusing the higher time frame trades and long trades for just over a year.
Look promising also for others!
Great job!! :nerd:
Lorenzo
  • #41,196
  • Sep 19, 2014 3:32am Sep 19, 2014 3:32am
Hi R00ms,

These the last trade for my 1st week.

Monday gain 30pips.
Tuesday gain 50pips.
Wednesday lose 1pip.
Thursday no trade.

And today, hopefully work out.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 20140919-EurUsd.JPG Size: 108 KB
  • #41,197
  • Sep 19, 2014 3:47am Sep 19, 2014 3:47am
GBP/JPY short. I guess, my one of the quickest trades ever We can have very nice retracement after big long move. Entered on H1, and watched the deal on M15. Hit TP. I guess, the movement will be continued, but i am done for today.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 29 KB
  • #41,198
  • Sep 19, 2014 3:49am Sep 19, 2014 3:49am
Today IBFX will close its MT4 platform and many of us will migrate to FXCM.
Here is my last open trade before End Of Day.
No matter what happens later on, got to close this trade.


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 38 H4 trade update.png Size: 32 KB


Trade Well Folks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,199
  • Sep 19, 2014 7:51am Sep 19, 2014 7:51am
EURCAD week 38 trades closed.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 38 H4 trades closed.png Size: 25 KB


Have a Good Weekend Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,200
  • Sep 19, 2014 10:31am Sep 19, 2014 10:31am
Quoting emmanuel7788
EURCAD week 38 trades closed. {image} Have a Good Weekend Folks.

hi emmanuel7788, may i know where can i get the tdi indicator like yours?

thanks a lot!
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