Trading Made Simple | Page 2670 | 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

  • #53,381
  • Feb 16, 2015 1:16am Feb 16, 2015 1:16am
Quoting Phx62
{quote} I use the Synergy_APB indicator downloaded from Compass several years ago and my broker isFXCM. I don't know why the candles would be different unless it is the broker or the time difference.
Quoting lastingwell
{quote} phx62 is on a live fxcm account, that is the reason for the difference, it spikes a whole lot more than any other broker, that can either be good or bad depending on which way you're trading, thats why I stopped using them.

Ah that explains it. I switched from FXCM live too after losing quite a bit. A 50 pip SL became 140 pips loss due to so-called slippage. Had a trade audit and they said there were no problems. I hope IronFX is better.

SJ, I am actually looking to Short GU H1 atm due to TDI divergence and at Oversold area. Although it is against the Daily TDI setup. We'll see what happens at LO.
  • #53,382
  • Feb 16, 2015 1:18am Feb 16, 2015 1:18am
Ok Everyone,
(It's my Sunday night)

Here is the current picture of the gbp/usd.
I have not taken the trade yet. I was waiting
for the 1 hour candle change & it turned down.
(You always want to wait for the new candle to open
before you take your trade) on the 1 hour.

Their is only 1 problem here. I need to go to a funeral
at 9:00 a.m. (in the morning) & it's 12:15 a.m. right now.
So I need to go to bed. But I'll catch up with you later.

Sorry,
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 71 KB
  • #53,383
  • Feb 16, 2015 1:26am Feb 16, 2015 1:26am
Good evening (PST US time that is)! On Friday at 2am PST, I entered EA long at 1.4765 on a nice bounce TDI angle, PA moving away from DO. PA was moving away from the PAC and guppies, the only downside I could see was the possible resistance around 1.4900. While I was asleep, the trade moved against me about 100 pips. Next time I will have a stop in place! Are there any other suggestions that might have hinted this trade turn? Viewing it days later, it is easy to see how I should have viewed it, but at the time, it looked like I had a possible 100 pips potential gain. Thank you in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 189 KB
  • #53,384
  • Feb 16, 2015 1:41am Feb 16, 2015 1:41am
Quoting likica
{quote} Good morning from Mel, Mordin, I do not have fixed PTs, but most of the time my PT set a few pips away from last swing low (for short)/swing high (for long), or I use ATR(7) X 1.5 or x 2.0. I have been trading for a while and still find new things to learn every week in trading, and most of them are about psychology. One of quote from a trader on ff I agreed totally is trading is like playing an music instrument, basics can be taught but to be good and really good at it only coming within you.... Just sharing this... I had taught and mentored...
Hi L, where you go, i follow - your call
  • #53,385
  • Feb 16, 2015 1:45am Feb 16, 2015 1:45am
Quoting rupasi
Good evening (PST US time that is)! On Friday at 2am PST, I entered EA long at 1.4765 on a nice bounce TDI angle, PA moving away from DO. PA was moving away from the PAC and guppies, the only downside I could see was the possible resistance around 1.4900. While I was asleep, the trade moved against me about 100 pips. Next time I will have a stop in place! Are there any other suggestions that might have hinted this trade turn? Viewing it days later, it is easy to see how I should have viewed it, but at the time, it looked like I had a possible 100...

rupasi,

When you use the TDI version which is non-realtime, the TDI bounce is only good when the TDI Green line pull back towards the Red and bounce off the Red. To pick a good TDI bounce, the PA must also support the bounce setup, there usually must be price pull back to a support and/or a small price bar or an inside bar type of price.
pattern.
The other thing which Eric taught us is to count the number of APB candles after the reversal withTDI cross setup candle. In your trade setup, there were already too many blue candles and there is BRN 1.4800. I was watching that and I am still in buy mode.

Hope this help you to see what I see when I trade H4 chart.

Read my post #53,338
http://www.forexfactory.com/showthre...07#post8069707 and those pdf by Steve Nison and forex patterns.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,386
  • Feb 16, 2015 1:45am Feb 16, 2015 1:45am
Quoting snarlyjack
Ok Everyone, (It's my Sunday night) Here is the current picture of the gbp/usd. I have not taken the trade yet. I was waiting for the 1 hour candle change & it turned down. (You always want to wait for the new candle to open before you take your trade) on the 1 hour. Their is only 1 problem here. I need to go to a funeral at 9:00 a.m. (in the morning) & it's 12:15 a.m. right now. So I need to go to bed. But I'll catch up with you later. Sorry, sj {image}
SJ mate, go and take care of your affairs mate - and forget about all this ... you are a gr8 trader and help so many of us, no need for all of this
  • #53,387
  • Feb 16, 2015 1:55am Feb 16, 2015 1:55am
Here is my GBPUSD D1 chart with trades closed and new open trades.
These are trades taken on D1 chart and I only need to check my chart once per day minimum. When I have time and available, I will also check the H1 and H4 at anytime of the day.
You need to read my post#53,338 and those links and attachments to understand what ME/ME is about.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 08 D1 chart trades 16 Feb.png Size: 64 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,388
  • Feb 16, 2015 1:55am Feb 16, 2015 1:55am
Heads up on US bank holiday ... Washington's Birthday ... right?
  • #53,389
  • Feb 16, 2015 1:58am Feb 16, 2015 1:58am
Quoting snarlyjack
Ok Everyone, (It's my Sunday night) Here is the current picture of the gbp/usd. I have not taken the trade yet. I was waiting for the 1 hour candle change & it turned down. (You always want to wait for the new candle to open before you take your trade) on the 1 hour. Their is only 1 problem here. I need to go to a funeral at 9:00 a.m. (in the morning) & it's 12:15 a.m. right now. So I need to go to bed. But I'll catch up with you later. Sorry, sj {image}
SJ,

Priority with family matters comes first.
We all will be here helping each other out in the meantime.
Have plenty of rest and be strong.

Take good care.
Emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,390
  • Feb 16, 2015 1:58am Feb 16, 2015 1:58am
Quoting griffinssoul
Heads up on US bank holiday ... Washington's Birthday ... right?

Thanks GS,
shit, I forgot....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,391
  • Feb 16, 2015 2:01am Feb 16, 2015 2:01am
Quoting emmanuel7788
{quote} Thanks GS, shit, I forgot....
  • #53,392
  • Feb 16, 2015 2:07am Feb 16, 2015 2:07am
Tomorrow, i will sell eur/usd

Quote
My signature: How to make passive income up to $40 per day
  • #53,393
  • Feb 16, 2015 2:48am Feb 16, 2015 2:48am
Greetings to all!!

Just crashed on this forum a couple of days ago and i´m purely delighted.
I'm a newbie on FX trading (just knew about it on the beggiining of the month) but also a fast and eager learner. I've read about 200 posts before i decide to try a demo account, which i've done on FXPro last thursday. So i've picked the MT4 webtrader just to give it a try and put to the test the few knowledge i got from you.
Webtrader version from this broker does not allow mql4 templates, which i intended to use (just the simple TDI indicator). So i just used the stochastic oscillator (8,3,3) and theHA candles. Before i started I tried to make the correct associations from what i've learned from my few lectures of this thread by checking h4/h1/m30 time frames, 1W/1D cycles, watch out for breaking news, pairs balance, sweetspot entries and conservatives exits, ranging periods, and so on, always keeping in mind to keep it simple as possible and with a positive atitude.
At this point, all i can say is that i've made significant profit from 7am/4pm GMT (my time) on my 1st and only session last friday with a 20k fund and 1:10 leverage. I managed 15 win trades in a row in the middle of fankfurt/lodon morning sessions with E/G:E/A;E/J:G/J mainlly (+ than 70pips). Also had some losses but the balance was 80% positive. I didn't considered my experience a typical begginers luck case since all my decisions were conscious and premeditaded. At least based in my limited experience and knowledge.
Meanwhile i'll try to keep up to date with the markets sinergies and geopolitics developements, sharpening my new skills, seeking for best and profitable trades.
I also hope you don't mind making use of your valuable expertise and advise whenever i need, as well as, i'll be at your disposal when required, contributing with my experience and knowledge in order to turn members's more rich and diverse.
I want to thank as well to all the members that sacrifice their every day time to come here and disseminate freely and spontaneously their experiences, knowledge and wisdom.
Last but not least i take my hat off to the mastermind and mentor of this method by the preserverance demonstrated over precious years spent on its developement, as well as, instead of keeping it for himself, for making it accessible to all at no cost on behalf of a greater good.
GOD BLESS YOU BIG E.

Big

P.S. Forgive my terrible english and watch out for dirty floats.
  • #53,394
  • Feb 16, 2015 2:51am Feb 16, 2015 2:51am
Quoting 12geniusLD
Tomorrow, i will sell eur/usd {quote}

too early to sell.
too late to buy.

I am a D1 chart trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,395
  • Feb 16, 2015 3:22am Feb 16, 2015 3:22am
Quoting Tollazor
Ok, So what would you do here? The Cross was down on the 2nd last candle, the following candle is just a little after open. It has a nice angle on the green curve, it's crossed under red, stochs point down nicely too. Those colours are market times, Red is Aus then moving into Londan. {image}
Christ man, that chart made me feel dizzy How do you cope with watching it all day long on an intraday basis?

What's the general trend on that pair? What signal is your indicator giving you? Why don't you short it then? Easy as 1, 2, 3. Bear in mind however, that poor timing can result in a sluggish and short move in your favor. That being said, it is important to have some observations on when the market moves your favorite pair the most, times like LO, NY open, and their respective closes come to mind

Quoting lastingwell
{quote} phx62 is on a live fxcm account, that is the reason for the difference, it spikes a whole lot more than any other broker, that can either be good or bad depending on which way you're trading, thats why I stopped using them.
FXCM slippage borders on plain robbery... I demoed for a week, had this salesperson call me over the phone 3 times a day, urging me to invest my moneys with them, I kept asking about the slippage and why the hell it slipped way more than any other broker I use if it's a NDD, and liquidity is provided by the market... He just kept repeating the old "it's a matter of liquidity, it can happen to any broker" chessnut.
  • #53,396
  • Feb 16, 2015 3:31am Feb 16, 2015 3:31am
Quoting Tollazor
It seems to me, from my newbie perspective, that the actual trading system isn't that important. The major discussed ones work enough at least. From my fumbling in the dark I'm starting to come to the conclusion that the exit strategy is probably the most important step (if you had to list importance) of a trade. I wonder to myself, do so many new traders make life very difficult for themselves because they are learning to trade backwards? That is learning entry techniques ad nauseam and only later learning exit techniques (if they last that long)....
Considering the fact that timing your entry right can result in a better (in quantitative terms i.e more pips) exit, both are equally important. Try entering recklessly, I assure you it won't get better pip-wise. When your entry is picture perfect, at least it's easier to avoid f***ing it up too badly. It's more about knowing when a particular setup would work and when it's faking that makes the difference between a gambler and a great trader
  • #53,397
  • Feb 16, 2015 3:31am Feb 16, 2015 3:31am
Quoting griffinssoul
Heads up on US bank holiday ... Washington's Birthday ... right?
Yep. it's going to be a sloww day. (Presidents day.) A lot of our presidents birthday this week. It's going to be a slow day.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #53,398
  • Edited 4:54am Feb 16, 2015 4:43am | Edited 4:54am
EU M5 scalp +8.3 (5 lots) entered on bounce from RN 1.1400 and DO with TDI confirmation coming from below 32 headed up green over red and with green H1 & D1 for momentum. Closed a bit soon, but not confident with today's slow PA. Possibly some more steam left in this trade....but I'm OK with small pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 77 KB
Keep It Simple
  • #53,399
  • Feb 16, 2015 4:55am Feb 16, 2015 4:55am
i've noticed a lot of you guys don't use the levels when using TDI, but i been using strong crosses above 50 to go long and strong crosses below 50 to go short, works a treat
  • #53,400
  • Feb 16, 2015 4:56am Feb 16, 2015 4:56am
Quoting MrAussieFX
{quote} Tollazor, your chart is very strong and hard on eyes. I've picked the same time on my EJ chart and I believe it may reflect a little on your question. {image} Kindest Regards
I totoally agree with you , your chart is clean and good to view

.. and of course better explained .. as usual
Guido
Risiko birgt immer auch die Chance.
40 traders viewing now, 1 is registered:
vgv8