Trading Made Simple | Page 2932 | 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

  • #58,621
  • Jul 7, 2015 8:13am Jul 7, 2015 8:13am
Quoting balut
{quote} Wow! thanks for this great information about continuation of previous candle to trade in lower timeframes like h1 & m15. I thought we only focus only in H4 swing and Daily position trading. That's why I did not bother trading the NZD H4 setup but looking in h1 & m15, they are like goldmine

Hi balut,

Did you read my post today on USD CAD?
http://www.forexfactory.com/showthre...71#post8366271

Today's Day Inside Bar breakout trades.
Fist trade exit +50pips.
Re-entry on small retracement, took another +50 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 7 July D1 chart trades.png Size: 29 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,622
  • Jul 7, 2015 8:29am Jul 7, 2015 8:29am
Quoting Trader MT4
{quote} Hello lookleft, how you get 1st, 2nd and 3rd target? Dan

hi Dan,

It would be much easier to use scripts and place orders with SL and 3xTPs. This way, you don't need to run CaveManager which requires you to have your PC running when you have open trades to manage.
The scripts will place pending orders - entry, SL and TPs in your MT4 terminal and sent to your broker.

Read post#55407

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,623
  • Jul 7, 2015 9:26am Jul 7, 2015 9:26am
After NYO
ECAD 24+
GCAD 50+
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 50 KB
Click to Enlarge Name: Image2.png Size: 49 KB
  • #58,624
  • Jul 7, 2015 9:38am Jul 7, 2015 9:38am
Quoting mkfx
After NYO ECAD 24+ GCAD 50+ {image} {image}
Nice use of different TFs mkfx
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,625
  • Jul 7, 2015 9:38am Jul 7, 2015 9:38am
Hi all , the train in Italy are so bad ... may be i start for florence nex days .
I m looking Usd/Cad , where a montly resistence could close all long .. but i think that it can go up for other push... if it was a real account i dont' close my long position (i think it)
Gl all
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 283 KB
  • #58,626
  • Jul 7, 2015 6:48pm Jul 7, 2015 6:48pm
Quoting emmanuel7788
{quote} {image} The last swing high created a consolidation seen with the D1 Inside Bar and today we have a IB breakout. AB=CD completion looks good but we have another swing high seen to the left and the BRN 1.2700. Expect market reaction. {image}

USDCAD D1 chart update 8 July:

We saw a completion of the AB=CD leg. But market pulled back and closed near BRN 1.2700.
With the AB=CD completion, what is next?

Look at higher TF weekly, it is still bullish and there is no sign of weakening both in the price action and the momentum seen with the TDI.
It is reaction to recent swings highs in weekly and also there is a Historical swing high in the Monthly.

Is there a PRZ potential reversal zone?
Before market reverses, it must do one thing. What is that?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 28 D1 chart update 8 Jul.png Size: 69 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 28 W1 chart.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,627
  • Jul 7, 2015 7:26pm Jul 7, 2015 7:26pm
Quoting emmanuel7788
{quote} USDCAD D1 chart update 8 July: We saw a completion of the AB=CD leg. But market pulled back and closed near BRN 1.2700. With the AB=CD completion, what is next? Look at higher TF weekly, it is still bullish and there is no sign of weakening both in the price action and the momentum seen with the TDI. It is reaction to recent swings highs in weekly and also there is a Historical swing high in the Monthly. Is there a PRZ potential reversal zone? Before market reverses, it must do one thing. What is that? {image} {image}
It usually consollidates before turning?
  • #58,628
  • Jul 7, 2015 11:55pm Jul 7, 2015 11:55pm
Quoting emmanuel7788
{quote} USDCAD D1 chart update 8 July: We saw a completion of the AB=CD leg. But market pulled back and closed near BRN 1.2700. With the AB=CD completion, what is next? Look at higher TF weekly, it is still bullish and there is no sign of weakening both in the price action and the momentum seen with the TDI. It is reaction to recent swings highs in weekly and also there is a Historical swing high in the Monthly. Is there a PRZ potential reversal zone? Before market reverses, it must do one thing. What is that? {image} {image}
It must break a few support levels?
  • #58,629
  • Jul 8, 2015 12:02am Jul 8, 2015 12:02am
I have enter eur/usd. Seems to be a good setup to me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 43 KB
  • #58,630
  • Jul 8, 2015 12:30am Jul 8, 2015 12:30am
Quoting dreammore
I have enter eur/usd. Seems to be a good setup to me. {image}
Dreammore,

Are you trading towards or away from the 50 & 200 ema's on your chart?

What are the yellow dot Inside_bar indicators trying to tell you?

What trading session are we in and what major markets opens are in 45min and 1:45min?

Is one of the currencies in your pair have all day/week red news due to a major crisis bringing major uncertainty?

I want to encourage you to make rules within a trading plan for your Ema's, the IB indicator, the session/times you want to trade. I promise you that written rules will improve your trading stats significantly.

The TDI is a great indicator, but only part of the puzzle.

All the best,
N
  • #58,631
  • Jul 8, 2015 12:46am Jul 8, 2015 12:46am
Quoting emmanuel7788
{quote} Before market reverses, it must do one thing. What is that? {image} {image}
Difficult to pick only one thing, i would say there would have to be a slowdown in momentum, followed by a reversal pattern. A PCRF, ideally at BRN or historical S/R.

Best,
N
  • #58,632
  • Jul 8, 2015 1:41am Jul 8, 2015 1:41am
Quoting Nik-Nyc
{quote} Dreammore, Are you trading towards or away from the 50 & 200 ema's on your chart? ......TDI is a great indicator, but only part of the puzzle. All the best, N
Very important questions to consider, before entering into any trade pair.
Winners Never Quit, Quitters Never Win
  • #58,633
  • Jul 8, 2015 2:05am Jul 8, 2015 2:05am
EURCAD-D1... Double BUOB
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-08_13-02-27 EURCAD-D1.png Size: 33 KB
Sad i'm not trying to understand PA
  • #58,634
  • Jul 8, 2015 2:18am Jul 8, 2015 2:18am
Hi All,
I want to always keep 30-40 pips (Min TP that my broker is offering i.e 80 points). For some pairs it is 150 points. I looked the historical candles where the TDI green crosses Red. The difference between the High & Low for these candles are high enough to take my min TP. I also observed the open, high & close values. Most of the time if it is not a ranging market and candles are longer the difference between Open & High and Open & low are big enough to take my min TP.

My question is how do i enter a trade very near to the open price. Can i enter 1-2 min before the next 4HR candle appears? In this case i don't know for sure whether it will cross the Red line. But it looks like it will cross and Stoch is also in the same direction. If i am able to enter the trade at or near to the open price then most of trades will be profitable.

Any suggestions? What about pending orders?

I also found that the chart does not go into ranging or move sideways in D1 chart. It is a clean smooth wave for most of the pairs. Can i enter the trade just by seeing the direction of TDI in D1 chart? Even it is more than 2 candles in D1 chart i will still win since my TP is very low.. I am comfortable with 2-3 wins each day.

Can anyone suggest me a way to use TDI to get 2-3 wins with lowest TP every day? I do not want to ride all the candles as Big E suggests till the TDI becomes flat or starts turning..
  • #58,635
  • Jul 8, 2015 2:55am Jul 8, 2015 2:55am
Quoting emmanuel7788
{quote} USDCAD D1 chart update 8 July: We saw a completion of the AB=CD leg. But market pulled back and closed near BRN 1.2700. With the AB=CD completion, what is next? Look at higher TF weekly, it is still bullish and there is no sign of weakening both in the price action and the momentum seen with the TDI. It is reaction to recent swings highs in weekly and also there is a Historical swing high in the Monthly. Is there a PRZ potential reversal zone? Before market reverses, it must do one thing. What is that? {image} {image}
Consolidate
  • #58,636
  • Jul 8, 2015 3:08am Jul 8, 2015 3:08am
GJ H1 +78 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 33 KB
Winners Never Quit, Quitters Never Win
  • #58,637
  • Jul 8, 2015 4:34am Jul 8, 2015 4:34am
Took GBP/AUD today. Entry was a little bit late, had to enter on LO+1 at the first red candle, but decided to wait for a full confirmation, because of many fakies recently. When i saw a good momentum i entered. Price hit my TP +50 pips, in other way i would close it manually at +35 or +40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 36 KB
  • #58,638
  • Jul 8, 2015 4:49am Jul 8, 2015 4:49am
Quoting toledoFX
Took GBP/AUD today. Entry was a little bit late, had to enter on LO+1 at the first red candle, but decided to wait for a full confirmation, because of many fakies recently. When i saw a good momentum i entered. Price hit my TP +50 pips, in other way i would close it manually at +35 or +40 pips. {image}
Great & very nice setup.
  • #58,639
  • Jul 8, 2015 4:59am Jul 8, 2015 4:59am
Quoting mkfx
{quote} Great & very nice setup.
Thank you! It's very clear and simple setup, i think many traders here took it and get better profit than me. Also there was a double top before on the last 5 years high, which gives good additional confirmation.
  • #58,640
  • Jul 8, 2015 5:40am Jul 8, 2015 5:40am
EAUD +50
GCAD +50 Entry was late.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
Click to Enlarge Name: Image2.png Size: 51 KB
36 traders viewing now