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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

  • #41,581
  • Oct 1, 2014 1:50am Oct 1, 2014 1:50am
One win and One lose.

Even with Plan... but 30% sure not working according to it. GOSH....

Got trick before the new. EA loses 9pips.
GU won 20pips just nicely recover.

Enough for today. 33-9+20 = 44pips, for today. Still D Best.
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  • #41,582
  • Oct 1, 2014 2:45am Oct 1, 2014 2:45am
Quoting pips29
{quote} Is this the correct way to measure target price. I have plotted this chart several weeks back when price broke down {image}
Hi Pips

I still not sure where to take TP based on triangle breakout trading, needs to read over babypips I guess, also on elliot wave theory which needs a lot of studying so that will take time I guess

GJ is still trapped inside the H1 triangle so still time to breakout, often the breakout will happened at the convergence zone, so for the time being I will trade only the bounces on the trendlines of the triangle else better to watch other pairs
I Have Learned to Take Some Losses to Make Profits
  • #41,583
  • Oct 1, 2014 2:49am Oct 1, 2014 2:49am
EA_H1 short was taken an hour before LO, sat a pending sell limit, came 1 pip from opening the order, but on M5 EMA 10 acted as resistance, and the order didn't opens, so I went on marker order short

Closed manually +57 pips

EA was going down, so you could instantly follow along with EJ after the setup candle and cross of TDI
Attached Image(s) (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #41,584
  • Oct 1, 2014 3:10am Oct 1, 2014 3:10am
Quoting TheScorpS
EA_H1 short was taken an hour before LO, sat a pending sell limit, came 1 pip from opening the order, but on M5 EMA 10 acted as resistance, and the order didn't opens, so I went on marker order short Closed manually +57 pips EA was going down, so you could instantly follow along with EJ after the setup candle and cross of TDI {image} {image}
PRO's as Usual. I was reluctant to take the trade when I see the red bar flowing down on the 1st drop. Told myself be patience.. Da Heck.
Worst still got trick after news... I was chickening. All right, I admit I'm usually chickening out... Haiz... Hope can do better next time.

Great trade ScorpS.
  • #41,585
  • Oct 1, 2014 3:16am Oct 1, 2014 3:16am
Quoting amilate
{quote} PRO's as Usual. I was reluctant to take the trade when I see the red bar flowing down on the 1st drop. Told myself be patience.. Da Heck. Worst still got trick after news... I was chickening. All right, I admit I'm usually chickening out... Haiz... Hope can do better next time. Great trade ScorpS.
Nice one you have some good trades as well, now all you have to do is save those pips, I have another trade on GJ, will post that later
I Have Learned to Take Some Losses to Make Profits
  • #41,586
  • Oct 1, 2014 3:21am Oct 1, 2014 3:21am
Quoting TheScorpS
{quote} Nice one you have some good trades as well, now all you have to do is save those pips, I have another trade on GJ, will post that later
Thanks for your kinda advice. You're just another D@ Great Inspirator. I'm definately saving those hard earn pips.
  • #41,587
  • Oct 1, 2014 4:21am Oct 1, 2014 4:21am
Having a tough time with my other platform. Whenever I try to change or add using the indicator tab the platform freezes. Looks like I have to uninstall and then download the platform again. Anybody here can advise. Funny thing is ,on my other computer the platform is working perfectly. Here are two trades taken recently. H1 G/U chart shows exact trade taken on fxcm platform with 40 pips profit too
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the cautious seldom err....C
  • #41,588
  • Edited 5:03am Oct 1, 2014 4:45am | Edited 5:03am
Pips you might have to many indicators on your charts, quite a bit of work mt4 and your computer has to process. Finding the same with one of my accounts in the last couple of days.

Edit to add have just found a thread here dealing with these issues which may help, link loops back to it devs http://www.forexfactory.com/showthread.php?t=237838



For my own stuff, noticed the blue Volatility Band today, normally turn that of but this is quite a strong signal they're putting out on the turn of this weekly pair, how they constricted near the top then suddenly expanded again as the price topped out, going to watch them more closely in future. Gained a few in one trade this morning, little bit closer to profit one the demo again. Heart doesn't seem to be in this game at this time, not sure what I should do.
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"You know what needs to be addressed , completely completely reverse that".
  • #41,589
  • Oct 1, 2014 7:01am Oct 1, 2014 7:01am
Quoting Kmw
Pips you might have to many indicators on your charts, quite a bit of work mt4 and your computer has to process. Finding the same with one of my accounts in the last couple of days. Edit to add have just found a thread here dealing with these issues which may help, link loops back to it devs http://www.forexfactory.com/showthread.php?t=237838 For my own stuff, noticed the blue Volatility Band today, normally turn that of but this is quite a strong signal they're putting out on the turn of this weekly pair, how they constricted near the...
thks for the link. The platform is the TS2 from fxcm and not MT4. I am using another computer and it's working perfectly ok. It's just that on the other computer I have both MT4 and TS2 platforms from two different brokers and I prefer to use only one computer nowadays. Just got back from doing some errands and saw my trades stopped out. Got to look for trades now to recover losing trades though I am still up for the day. Happy trading to you
the cautious seldom err....C
  • #41,590
  • Oct 1, 2014 7:45am Oct 1, 2014 7:45am
EA short taken on the 1HTF, closed out with 70pips
My first good trade after several weeks of trying...
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  • #41,591
  • Oct 1, 2014 7:50am Oct 1, 2014 7:50am
Quoting omonisha
GBPAUD {image}
beautiful trade omonisha
  • #41,592
  • Oct 1, 2014 7:51am Oct 1, 2014 7:51am
What is EA?????
  • #41,593
  • Oct 1, 2014 7:57am Oct 1, 2014 7:57am
Hello,
I stumbled upon this thread yesterday and the method appeals to me very much. Thank you guys! I like simplicity and higher TF. I've read the first 20-30 pages plus the last 40 pages of the old thread as suggested and I have a good understanding of the method (I think). Now I'll start practicing.
I would like to ask though, has the method been as consistent as in the beginning for those of you who have traded it all this time? Any new updates or rules in the last 2000+ posts or what's on the first pages + old thread should suffice?
Is any of you trading it on Daily TF?
  • #41,594
  • Oct 1, 2014 8:06am Oct 1, 2014 8:06am
GBPNZD...waiting for this to come
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Sad i'm not trying to understand PA
  • #41,595
  • Edited 9:31am Oct 1, 2014 8:10am | Edited 9:31am
Quoting dennis4u15
What is EA?????
eurusd EURAUD
"You know what needs to be addressed , completely completely reverse that".
  • #41,596
  • Oct 1, 2014 8:13am Oct 1, 2014 8:13am
lol,,thanks
  • #41,597
  • Edited 9:31am Oct 1, 2014 8:20am | Edited 9:31am
EURAUD
Sad i'm not trying to understand PA
  • #41,598
  • Oct 1, 2014 9:21am Oct 1, 2014 9:21am
Quoting ponchofx
Hello, I stumbled upon this thread yesterday and the method appeals to me very much. Thank you guys! I like simplicity and higher TF. I've read the first 20-30 pages plus the last 40 pages of the old thread as suggested and I have a good understanding of the method (I think). Now I'll start practicing. I would like to ask though, has the method been as consistent as in the beginning for those of you who have traded it all this time? Any new updates or rules in the last 2000+ posts or what's on the first pages + old thread should suffice? Is any...
Poncho, welcome to TMS!

In short, I'd say that the basic concept demonstrated by Eelfranz has not changed. However, due to falling ADR's over most pairs in the past few years obviously pip targets must be tightened etc. You'll probably notice that many traders posting in the thread now are on the shorter timeframes but there are several H4 traders in here (like Eelfranz used to trade before he unfortunately passed away). If you're into higher TF's you might also want to check out Britpip7's thread, "Trading Made Simple for Day Charts".

There are several very experienced traders here who are always happy to help with any questions and problems.

Best of luck!
Focus on the process and the profits will follow
  • #41,599
  • Oct 1, 2014 9:29am Oct 1, 2014 9:29am
Quoting omonisha
{quote} EURAUD

Ummm, errrrrrr
"You know what needs to be addressed , completely completely reverse that".
  • #41,600
  • Oct 1, 2014 9:41am Oct 1, 2014 9:41am
GJ H1 triangle trading, where now PA apparently broke of the triangle

+30 on this one
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I Have Learned to Take Some Losses to Make Profits
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