Trading Made Simple | Page 2197 | 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

  • #43,921
  • Nov 14, 2014 6:55am Nov 14, 2014 6:55am
Quoting emmanuel7788
{quote} Well, looking atb yoour H4 chart, there is possible to scalp H4 when TDi cross. But since it is Friday you would like want to open 4H swing trades and leave them open over the weekend. On H1, there is major news/tier one data release later. I would do what eelfranz taught us to do , i.e. to wait till after the news is out, look and see if there is price momentum and take a trade on H1. Big Picture shows D is very much sideways and flat. If you have the Day Open on your chart, you will see that Day Open chopping up and down at quite flat...
Yes I have a conclusion:

Stoch is overbought .. but:
the TDI cross isnīt clear enough, a small candle is formed and the next reason to donīt enter the H4 candle is :
European markets close in about 3- 4 hours and we have weekend .
this trades does not fit to my tradingtimes if I wanna manage it .
Weekend gaps are possible and can bring me to a possible drawdown , I don t want ..
Because I prefer closed trades before the weekend , or positive trades with my SL set to BE during the weekend .
Next thing is : Iīm still in a GJ D1 short since wednesday , no need to rush any trades .
My answer is personal for me :
I stay out of the trade .
Green pips to all and a nice weekend !
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png 14.11..png Size: 38 KB
Risiko birgt immer auch die Chance.
  • #43,922
  • Nov 14, 2014 7:03am Nov 14, 2014 7:03am
Quoting emmanuel7788
Hi Folks, My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week. Myfxbook chart summary below: Pips count for this week 1,700pips, last week was 1259pips. Growth +28.34% increase from last week 12.03% This is my FXCM account since it was transferred from ibfx when it closed end-Sep. Closing shop for this week, and night out with my guests visiting. You folks enjoy the US session and Have a Good Weekend. {image}
Pretty much impressive!
Have a nice weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,923
  • Nov 14, 2014 7:35am Nov 14, 2014 7:35am
USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-14_19-31-53USDJPY.png Size: 28 KB
Sad i'm not trying to understand PA
  • #43,924
  • Nov 14, 2014 7:46am Nov 14, 2014 7:46am
Quoting emmanuel7788
Hi Folks, My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week. Myfxbook chart summary below: Pips count for this week 1,700pips, last week was 1259pips. Growth +28.34% increase from last week 12.03% This is my FXCM account since it was transferred from ibfx when it closed end-Sep. Closing shop for this week, and night out with my guests visiting. You folks enjoy the US session and Have a Good Weekend. {image}
impressive result. Thanks for sharing to inspire us all.
Appreciation is the key to wealth and happiness
  • #43,925
  • Nov 14, 2014 7:47am Nov 14, 2014 7:47am
Quoting Olafff
Shorted EUR/AUD at 1.4311. Strong 4h pullback candle. entered on second 1h candle. TP - yesterdays low - or there abouts. {image}
Closed at -20pips. doesn't go anywhere just bouncing between the range...
  • #43,926
  • Nov 14, 2014 7:51am Nov 14, 2014 7:51am
EU, AU shorts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU M15 short Fri 13.11.14 +30.png Size: 36 KB
Click to Enlarge Name: AU H1 short Fri 13.11.14 +38.png Size: 37 KB
Appreciation is the key to wealth and happiness
  • #43,927
  • Nov 14, 2014 8:09am Nov 14, 2014 8:09am
I decided to take the short in USD/CAD. Bearish in almost all time frames,bearish news, OB, TDI Crossover , Stoch crossover. And failed to reach previous high. Target is 1.2790.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 52 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,928
  • Nov 14, 2014 8:12am Nov 14, 2014 8:12am
Good job Emmanuel....
What is your percentage risk on every trade you take and do you only trade those 4 pairs on 1h/4h??
  • #43,929
  • Nov 14, 2014 8:41am Nov 14, 2014 8:41am
50 green from oil buy on M5 bounced off 200ema with TDI crossed up
Attached Image (click to enlarge)
Click to Enlarge Name: oil H1 M5 buy Fri 14.11.14 +50.png Size: 88 KB
Appreciation is the key to wealth and happiness
  • #43,930
  • Nov 14, 2014 8:51am Nov 14, 2014 8:51am
Quoting likica
50 green from oil buy on M5 bounced off 200ema with TDI crossed up {image}
Congrats
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,931
  • Nov 14, 2014 9:18am Nov 14, 2014 9:18am
GBPAUD short -70pips!!!
DO YOU THINK WHY???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 35 KB
  • #43,932
  • Nov 14, 2014 9:18am Nov 14, 2014 9:18am
Good morning Tms,

Here it is Friday morning (my time) & I just got up to check my trades.

For those of you that have been watching this trade (gbp/usd) I just
liquidated out of the trade for a gain of 231 pips. It was a 2 day hold.

This is exactly how Eelfranz would have traded it. Put in your trade,
let it "simmer & cook" & liquidate out before the weekend starts.
I can feel Eelfranz smile down at me and saying thanks SJ for sharing

Have a good weekend everybody!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 63 KB
  • #43,933
  • Nov 14, 2014 9:18am Nov 14, 2014 9:18am
Tough day today especially on CAD and GBP pairs ... pipcounter says -40 to me ...
Lorenzo
  • #43,934
  • Nov 14, 2014 9:29am Nov 14, 2014 9:29am
Quoting snarlyjack
Good morning Tms, Here it is Friday morning (my time) & I just got up to check my trades. For those of you that have been watching this trade (gbp/usd) I just liquidated out of the trade for a gain of 231 pips. It was a 2 day hold. This is exactly how Eelfranz would have traded it. Put in your trade, let it "simmer & cook" & liquidate out before the weekend starts. I can feel Eelfranz smile down at me and saying thanks SJ for sharing Have a good weekend everybody!!! {image}
Thanks for sharing SJ !
And a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #43,935
  • Nov 14, 2014 9:35am Nov 14, 2014 9:35am
Quoting snarlyjack
Good morning Tms, Here it is Friday morning (my time) & I just got up to check my trades. For those of you that have been watching this trade (gbp/usd) I just liquidated out of the trade for a gain of 231 pips. It was a 2 day hold. This is exactly how Eelfranz would have traded it. Put in your trade, let it "simmer & cook" & liquidate out before the weekend starts. I can feel Eelfranz smile down at me and saying thanks SJ for sharing Have a good weekend everybody!!! {image}
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,936
  • Nov 14, 2014 9:39am Nov 14, 2014 9:39am
It's the 2nd Friday in the raw that despite USD strength, big money's profit taking kills a lot. All USD data was good again today but look at Gold, it's hit lot's of stops like last weekend.
  • #43,937
  • Nov 14, 2014 9:40am Nov 14, 2014 9:40am
Nearly at 60 pips but hit resistance. Thinking of cutting and running? any suggestion?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 56 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,938
  • Nov 14, 2014 9:42am Nov 14, 2014 9:42am
Please answer two questions about the situation in the picture
1. Why are there two different signals for TDI
2. Position open to sell but it is currently -20 pips. Closing down or wait? When we close the position if it goes on our thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 11-14-14 at 04.33 PM.PNG Size: 30 KB
  • #43,939
  • Nov 14, 2014 10:05am Nov 14, 2014 10:05am
Quoting sajmon
Please answer two questions about the situation in the picture 1. Why are there two different signals for TDI 2. Position open to sell but it is currently -20 pips. Closing down or wait? When we close the position if it goes on our thoughts? {image}
Sajmon. Those 2 TDI you have are obviously using different settings.
The top one being the default one most TMS traders use.
The bottom one is Dean Malone's settings which is smoother, has wider swing and updates faster.

I suggest you only pick 1 and get yourself familiar with that.

Now about your AUDNZD trade.
1. It's not a good idea to take H4 trades this late Friday evening. The market will close soon. Unless you're planning to hold over the weekend which is not recommended.
2. You're selling into the oversold zone. Not recommended.
3. The cross is happening on a live candle. TDI repaints. It might have crossed at some point giving you those signals and then uncrossed as price moves around.
You have to be careful about this. TDI cross that happened after candle close is easier to trade and in my opinion more reliable.
Everything you can imagine, is real - Pablo Picasso
  • #43,940
  • Nov 14, 2014 10:18am Nov 14, 2014 10:18am
oil short on M5 M15 for 45 green
Attached Image (click to enlarge)
Click to Enlarge Name: oil M5 M15 Short Fri 14.11.14 @10.49am est +45.png Size: 88 KB
Appreciation is the key to wealth and happiness
90 traders viewing now, 2 are registered:
IMCou
,
swcon