Trading Made Simple | Page 2935 | 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

  • #58,681
  • Jul 10, 2015 3:48am Jul 10, 2015 3:48am
Quoting LazyTrad3r
Hi Folks I start with this Strategy one week ago.....it looks easy but i have to learn. Here 2 Trades from Today. EUR/GBP Winner and EUR/USD is a looser..... {image}{image}
Most important , Red candle was having wicks both side and did not close below 5EMA
Thanks
  • #58,682
  • Jul 10, 2015 3:55am Jul 10, 2015 3:55am
Quoting mkfx
{quote} Most important , Red candle was having wicks both side and did not close below 5EMA Thanks
Thx for your advice, but how do you mean "not close below 5EMA"?...sry english is not my mother language

Lazy
mia san mia since 1900
  • #58,683
  • Jul 10, 2015 4:13am Jul 10, 2015 4:13am
Quoting LazyTrad3r
{quote} Thx for your advice, but how do you mean "not close below 5EMA"?...sry english is not my mother language Lazy
Candle should have closed downside of yellow line
thanks
  • #58,684
  • Jul 10, 2015 4:21am Jul 10, 2015 4:21am
Quoting mkfx
{quote} Candle should have closed downside of yellow line thanks
thx, now i understand.
In my EURGBP trade you say the red candle have wicks both side...is that good or bad? thx

Lazy
mia san mia since 1900
  • #58,685
  • Edited 4:42am Jul 10, 2015 4:31am | Edited 4:42am
Quoting mkfx
Hi Emmenuel, I ma facing a trading physiology issue. I need your help, how to develop a habit to stay long in at least profit trades. I am scared of LO reversal, and if I am in profit I do not want to give back or I keep my TP 20 instead of 50 if LO time is approaching. Any setup after close of LO candle I am comfortable to keep TP 40-50. Because of early close and re-entry my number of trades also increase, which also I want to reduce . To day after the FO I was long in EA, GA and GCAD all I closed too early at resistance immediately after LO and...
hi , i think the easiest way to overcome it, is by knowing ur system ability to generate how much pip per trade
or u can use like pro guys in here use,, cavemanager or script that use 3 tp.
hope this help hehe

i experience a lot what u experienced so,
i know ur pain mate.
Take What You Can , Give Nothing Back
  • #58,686
  • Jul 10, 2015 4:33am Jul 10, 2015 4:33am
Quoting brekz1
anyone can explain why this is trade is lose? {image}
Hi

It went in 30+ profit, ideally you should have bring SL to BEP. to avoid cash loss.
Just the on 4hr chart it was an retracement and and TDI did not cross MBL, so there is fair change PA can reverse and join the trend again which happened in this case.

Thanks
  • #58,687
  • Edited 3:09pm Jul 10, 2015 4:40am | Edited 3:09pm
Quoting brekz1
anyone can explain why this is trade is lose? {image}
brekz1;

Exactly what i post at previous page and did it as a looser !
every factor was good enough to take this short position but it became a looser one !

What was wrong ?
I think :

1. mbl is going up side at H4
2. the daily is about to crossing up

unfortunately it was a tough example !
  • #58,688
  • Jul 10, 2015 5:04am Jul 10, 2015 5:04am
How many pairs do you guys trade with this system?
Discipline is PRIMARY, Method is Secondary.....
  • #58,689
  • Jul 10, 2015 5:04am Jul 10, 2015 5:04am
EA Buy H1 trade 10-07-15

Candlestick trade setup on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EA buy H1 100715.png Size: 184 KB


Synergy APB setup on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EA buy H1 synergy 100715.png Size: 192 KB


EA 1st profit hit
Attached Image (click to enlarge)
Click to Enlarge Name: EA 1st PT hit 100715.png Size: 173 KB


EA Final Profit hit
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Total PT hit 100715.png Size: 166 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EA total PT hit 100715.png Size: 164 KB


Kindest regards
  • #58,690
  • Edited 6:25am Jul 10, 2015 5:41am | Edited 6:25am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB

now i feel sorry to close this to early
my trust on the system is lack or im too stupid

edit: the reason im entry is i see tdi cross and 10 ema slope is good although theres daily high in there and when price hit my sl i thought its goint to pull back
and the reason im not enter at the opening candle (thats what the rule say) cuz im not in front of my puter

Quoting MrAussieFX
EA Buy H1 trade 10-07-15 Candlestick trade setup on H1 {image} Synergy APB setup on H1 {image} EA 1st profit hit {image} EA Final Profit hit {image} {image} Kindest regards
i can only say 'wow' sir
so much consideration to enter trade....
i wonder how long it takes to make me become like u
Take What You Can , Give Nothing Back
  • #58,691
  • Edited 11:17am Jul 10, 2015 10:54am | Edited 11:17am
Quoting emmanuel7788
{quote} USDCAD D1 chart update 10 Jul: We have a first bearish D candle closed but the PA is still within the high-low of the 7July WRB..... ranging market now until we see the breakout. No sign of bearish reversal. Best to trade M15 and H1 within the high-low of that WRB. {image} Trade Well.
I was doing back testing on WRB on D1 and then trading on H1(mostly)/M15.

Here are few questions based on backtesting:

1. Do you trade the direction of WRB? If WRB is bullish, should we look for only bullish setup? or will we look
for which WRB went against primary trend and then trade on the way of coming back to that trend?
2. Are all the WRBs same? For example: some have big wicks on both sides and some have only one side - up or down.
Do we target WRBs with wicks on both sides too?
3. If we try to trade news events WRB, do we trade based on even lower TF such as M5 when WRB appear on M15 (very volatile).
Again, which direction- primary trend or news sentiment trend after correction?
Have a good weekend everyone!

WRB 8 july on D1
usdjpy
eurgbp
gbpnzd
nzdusd
nzdcad
  • #58,692
  • Edited 2:53pm Jul 10, 2015 1:36pm | Edited 2:53pm
my trades today !

winners:

A/U hit tp with confirmation of H4
G/U unfortunately close manually after triple top but it continue upward again!

Loosers :

Oil hit SL, H1 and H4 confirmed down but D1 hooked Up and did not pay attention
E/A was an aggressive setup after triple top and go short without any signal but hit my SL !

Update :

A/u Hit tp after + Div and at m15 with confimation of m30 and H1
A quick scalp on Gold and hit tp ( m15 ) with + Div
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD#M30.png Size: 77 KB
Click to Enlarge Name: CL0815@H1.png Size: 75 KB
Click to Enlarge Name: EURAUD#M30.png Size: 64 KB
Click to Enlarge Name: GBPUSD#M30.png Size: 65 KB
Click to Enlarge Name: AUDUSD#M15.png Size: 88 KB
Click to Enlarge Name: GOLD#M15.png Size: 84 KB
  • #58,693
  • Jul 10, 2015 7:10pm Jul 10, 2015 7:10pm
Total six trade last week. Five winners and one loss. All together good week in positive. The loser was clearly a wrong entry. Tues the PA was in range from last three days and trying to break the same resistance over and over again. Another clue was previous two candles with long wicks and small body showing indecision. Anyways the week was in positive. Fri was bit frustrated as I kept the TP low due to Fri and here you go the biggest move happened on same day.

Happy Trading everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-10 19_58_49-EURAUD,H1.png Size: 43 KB
  • #58,694
  • Jul 10, 2015 7:57pm Jul 10, 2015 7:57pm
Hi everyone! I started testing this system this week too. So far the balance is positive. Attached is the detail of the week operations, as you can see, I took high risk on the first entry by mistake, fortunately it was the best move in the week...
Only trade in 4h frames and during the night in my time zone (Buenos Aires - Argentina).

hope to continue posting better results!

happy weekend!

JuanMa.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB
Re-starting
  • #58,695
  • Jul 11, 2015 2:34am Jul 11, 2015 2:34am
Quoting emmanuel7788
{quote} Well when we look for reversal trade setups on D1 chart TF that requires patience. But once there is an established trend, trading D1 chart requires us to look for good timing to get our entries in the market. Look at GBPUSD for example, there was s nice Day IB setup. Then we stalked the H1 chart and wait for a good timed H1 entry. That is bearish reversal setup. Now that the reversal already happened, we look for en entry in the lower H1 or H4. that is why we must study and use the Triple Screen trading system approach by Dr Alexander Elder....
Hi Emmanuel7788, are you able to put Bollinder Bands and Moving Average on the mini chart?
With God all things are possible.
  • #58,696
  • Jul 11, 2015 3:42am Jul 11, 2015 3:42am
Quoting LazyTrad3r
{quote} Thx for your advice, but how do you mean "not close below 5EMA"?...sry english is not my mother language Lazy

1.st EMA5 High
2.nd EMA5 Low

When red APB candle CLOSED(!!!) below EMA5 Low, that is oportunity for Short

When blue APB candle CLOSED(!!!) above EMA5 High, that is oportunity for Long


Allways take trade in TREND DIRECTION

dan
  • #58,697
  • Jul 11, 2015 3:44am Jul 11, 2015 3:44am
Quoting LazyTrad3r
{quote} thx, now i understand. In my EURGBP trade you say the red candle have wicks both side...is that good or bad? thx Lazy
That means INDECISION - not take a trade
  • #58,698
  • Jul 11, 2015 10:31am Jul 11, 2015 10:31am
Quoting Trader MT4
{quote} That means INDECISION - not take a trade
Hi...ok thx. that means you look for full candles, candles with a full body and smaller whick, and pinbars???

Jason
mia san mia since 1900
  • #58,699
  • Jul 11, 2015 3:33pm Jul 11, 2015 3:33pm
Quoting farhad10
my trades today ! winners: A/U hit tp with confirmation of H4 G/U unfortunately close manually after triple top but it continue upward again! Loosers : Oil hit SL, H1 and H4 confirmed down but D1 hooked Up and did not pay attention E/A was an aggressive setup after triple top and go short without any signal but hit my SL ! Update : A/u Hit tp after + Div and at m15 with confimation of m30 and H1 A quick scalp on Gold and hit tp ( m15 ) with + Div {image} {image} {image} {image} {image} {image}
Hi farhad10
Attached Image (click to enlarge)
Click to Enlarge Name: indithtt.jpg Size: 143 KB

you know how ist the name of the indicator wich shows the last high and last low?

and a other question.... i see the traders here like you, use the synergie Pro TDI. Is that an TDI with stochastic?
sry for the questions but i dont read 3000 sides in this thread

Lazy
mia san mia since 1900
  • #58,700
  • Jul 12, 2015 4:07pm Jul 12, 2015 4:07pm
Hey all,

Here's my update on UC. Looking forward to hear all your feedback.

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 163 KB
80 traders viewing now