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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

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Trading Made Simple

  • #69,421
  • Jun 7, 2016 6:41pm Jun 7, 2016 6:41pm
Quoting bigpips
Hi Emmanuel, You should be proud!! AU basket currently running... some profits taken, new basket started {image} UCad..I decided against GBP pairs just too risky for me at moment. UCad had similar set up according to my planning {image}

Hi,

I am happy than proud when we all make money together....

AUD, NZD and CAD are commodity currencies, I avoid opening new trades/positions AU,NU and UC at in the same week until I have one protected and have taken some profit. This week these pairs move very strong. How long will that last? Only Day chart will have the early tell tale sign.

But look at EURUSD, it rested for 2 days already and I am still patiently waiting.

The we have GBPUSD, still sideways until June 23, maybe? But the opportunity will be days before that deadline and I shall be look for the follow through movement like in playing tennis swing. I am looking at May' MN High Low, and have a Plan A, Plan B and a Plan C all ready for this one. its for my year end bonus and my year end vacation.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,422
  • Jun 7, 2016 6:49pm Jun 7, 2016 6:49pm
Quoting emmanuel7788
XAUUSD Buy or Sell? Have not posted on Gold for sometime, historical price swing levels are still the same for many months. After Friday gold rush, it rested for 2 days. Now it is our decision - buy or sell? {image}
Bought with 2 lots inside master candle profit 80pips at the moment. -20,+100
I can't remember how did I enter the first lot but the second lot entered at bottom of master candle.

Should we wait for breakout or enter inside master candle?



Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 74 KB
  • #69,423
  • Edited Jun 12, 2016 7:39am Jun 7, 2016 7:14pm | Edited Jun 12, 2016 7:39am
Quoting Upnow
Hi Guys/Gals I am new to trading I was wondering should I get a EA or subscribe to a signal service? any suggestions

Hi Upnow,

You are new to trading, very good. You must read the book Adventures of a Currency Trader by Rob Booker.
My suggestion is save your money on buying EA and subscription to signal service.
First learn to trade the markets - be that the equity, forex, future, bond, etc.
You will learn more than trading itself. You will learn about yourself as a person, as a trader, as member in your community, etc. and your social respsonsiblities.
The knowledge, experience and skills you will gain will always be yours and you can pass these on to your next generations. They will inherit something which will make them as live with financial freedom from this very complex world.

{ copyrighted attachment deleted by staff }

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,424
  • Jun 7, 2016 8:16pm Jun 7, 2016 8:16pm
Quoting pete.alfa
{quote} Bought with 2 lots inside master candle profit 80pips at the moment. -20,+100 I can't remember how did I enter the first lot but the second lot entered at bottom of master candle. Should we wait for breakout or enter inside master candle? Best regards, {image}

Do you believe in lower risk, stress free trading system?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,425
  • Edited 11:19pm Jun 7, 2016 11:01pm | Edited 11:19pm
Quoting emmanuel7788
{quote} Do you believe in lower risk, stress free trading system?
I can recall now
first lot I bought because on Daily - Prices broke & closed above 1. S/R level 2. closed above 1240 & 50ema(200ema H4).
Indicated going north.
Now 200pips in profit.

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 90 KB
  • #69,426
  • Jun 7, 2016 11:16pm Jun 7, 2016 11:16pm
hi emmanuel,

referring to tokyo breakout, is it based on 4 1 hour candles of 5 1 hour candles? Because the default setting for the indicator shows 4 hours. But the in sessions (forexfactory) screenshoot you mentioned 5 hours.

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 88 KB


And is the tokyo session starts from 10:00 to 13:59 or 10:00 to 14:59?

Waiting for your reply. Thanks in advance.

Regards,
Jupitertrade
  • #69,427
  • Edited 11:58pm Jun 7, 2016 11:20pm | Edited 11:58pm
Quoting jupitertrade
hi emmanuel, referring to tokyo breakout, is it based on 4 1 hour candles of 5 1 hour candles? Because the default setting for the indicator shows 4 hours. But the in sessions (forexfactory) screenshoot you mentioned 5 hours. {image} {image} Regards, Jupitertrade

Hi,

the setting Hour 0 to 4 is correct.
count from 0,1,2,3 and 4.
that is 5 hours i.e. 5 H1 candles.

Edit:

Sorry I forgot to mention that you need to make sure what your local time and your MT4 server time for Tokyo open. Set that correctly to show only the first 5 hours of Tokyo market session.

regards,

Edit:
Looking at EURUSD H1 ... maybe you can get 15 to 20pips today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,428
  • Jun 7, 2016 11:45pm Jun 7, 2016 11:45pm
Quoting pete.alfa
{quote} I can recall now first lot I bought because on Daily - Prices broke & closed above 1. S/R level 2. closed above 1240 & 50ema(200ema H4). Indicated going north. Now 200pips in profit. Best regards, {image}

Nice!

I only trade GOLD on day chart.

Another possible way to build a position is to look at intraday movements to add ME trade.


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 23 multi chart view.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,429
  • Jun 8, 2016 2:12am Jun 8, 2016 2:12am
Quoting emmanuel7788
{quote} Hi, I have not seen it happen before. But very likely has to do with chart refreshing when new ticks arrive. Can be 'buggy' in the code. I have two charts side-by-side with the EA running. One to show the D1 and the other I switch between H4 and H1. Put the EA on GBPJPY pair in the background and turn off the price. regards,
Thank you Emm, yes i think for safe is refreshing the EA.

Regards,
  • #69,430
  • Jun 8, 2016 2:45am Jun 8, 2016 2:45am
Quoting BridgeWater
{quote} Thank you Emm, yes i think for safe is refreshing the EA. Regards,

You are welcome.
Funny things happening with MT4 build update this week.. monday morning was build 970, just now build 971 updated on my VPS.
then screws up my chart profile when I have open trades with EA running...damn shit!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,431
  • Jun 8, 2016 2:50am Jun 8, 2016 2:50am
As said before, I'm looking more and more for simplicity. No complicated applications where you need to stare over and over again for understanding more or less. With all the consequences that you will get more stressful and does not dare to press the button. The last few weeks I am studying the method and searching for the most interesting replies of Eelfranz to give me more confidence. Please, look at the image, this is what I was looking for. I have been trading for a very long time and almost always with very fast time frames on 1M and 5M on the ES and FDAX (Germany) Futures. It gives a whole lot of stress and I don't want that anymore. I want peace in my head and only trading on 4H and 1D. The only thing as I do now differently than Eelfranz is that I go into a trade on every good crossing green/red in combination with color changing on the Synergy APB on the first or second Bar. Eelfranz was doing this only from 10:00 PM till 02.00 AM Pacific Time. And at 6:00 AM, just before New York opens he closed all his positions. I don't do that and I am still struggle with where do I take Profit. I am still learning

The conditions for me to open a trade, I look if the crossing angle green/red on the TDI is significant and also whether the Reversal Bar is not too big or too small. If you try to take everything into consideration, there will always be a reason NOT to take a trade. This can produce a lot of stress and keep you from pulling the trigger. I know there will be losses and I accept that how difficult it can be. The trick is to have more profitable winning trades than losing trades.
When you go into position put your stop loss on the last Swing / High / Swing / Low. Read the text of Eelfranz. Just do it! Do not make it too complicated!
Attached Image (click to enlarge)
Click to Enlarge Name: Big E CHS post4109.png Size: 207 KB

Happy Trading
Johan
Keep it simple without too many crappy indicators!
  • #69,432
  • Jun 8, 2016 2:52am Jun 8, 2016 2:52am
NZD pairs:
Tomorrow early morning we have RBNZ rate announcement. 2.25% remains but how will market react? will Kiwi make new year high?

Pairs to watch EURNZD and GBPNZD ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,433
  • Edited 3:24am Jun 8, 2016 3:05am | Edited 3:24am
Quoting emmanuel7788
{quote} Nice! I only trade GOLD on day chart. Another possible way to build a position is to look at intraday movements to add ME trade. {image}
Thank you Emmanuel,

''Another possible way to build a position is to look at intraday movements to add ME trade.''
But - Prices come close to weekly high(1255) & 200ema on weekly chart.
What should we do next?
1. taking profit. wait & see the reaction?
2. Close the basket & re-enter starting new basket straightaway?

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 32 KB
  • #69,434
  • Jun 8, 2016 3:26am Jun 8, 2016 3:26am
Quoting emmanuel7788
{quote} You are welcome. Funny things happening with MT4 build update this week.. monday morning was build 970, just now build 971 updated on my VPS. then screws up my chart profile when I have open trades with EA running...damn shit!
Mine is build 950, i got my S/R MN line dissapear, fortunately i always check all pair every day open, and always load each template. Its dangerous if im not realized what is missing on my chart.
  • #69,435
  • Jun 8, 2016 3:47am Jun 8, 2016 3:47am
Quoting luvene
As said before, I'm looking more and more for simplicity. No complicated applications where you need to stare over and over again for understanding more or less. With all the consequences that you will get more stressful and does not dare to press the button. The last few weeks I am studying the method and searching for the most interesting replies of Eelfranz to give me more confidence. Please, look at the image, this is what I was looking for. I have been trading for a very long time and almost always with very fast time frames on 1M and 5M on...
Hey Luvene, I my self tried this method with Big E and now it's pretty much complicated.
Check this thread out it similar to Big E's method but more profitable.
Oh and this thread current leader is over there using this method.
http://www.forexfactory.com/showthread.php?t=588548
  • #69,436
  • Jun 8, 2016 4:05am Jun 8, 2016 4:05am
Quoting MoneyMikeFx
{quote} Hey Luvene, I my self tried this method with Big E and now it's pretty much complicated. Check this thread out it similar to Big E's method but more profitable. Oh and this thread current leader is over there using this method. http://www.forexfactory.com/showthread.php?t=588548
Thanks Mike, I know the thread, it was this thread first I was interested in. However I find it complicated and I got the feeling that you enter a trade much too late because the Stochastichs has to be above 80 and green crosses red above yellow, etc. etc.

I mean when you do there is much confirmation but I have strongly feelings that when you do you are missing a lot of pips. Please, tell me your experience.
Keep it simple without too many crappy indicators!
  • #69,437
  • Jun 8, 2016 4:33am Jun 8, 2016 4:33am
Quoting MoneyMikeFx
{quote} Hey Luvene, I my self tried this method with Big E and now it's pretty much complicated. Check this thread out it similar to Big E's method but more profitable. Oh and this thread current leader is over there using this method. http://www.forexfactory.com/showthread.php?t=588548

MoneyMikeFx,

You only claim its is more profitable. Show some your trades taken with Medhi' Method 1 and Method 2.
Let your trading do the talking not posting claims.
I went over to Medhi' thread because he was here before and he learned from eelfranz's posts.
I am always interested when other traders can find better trading methodology than what they learn here which is the 5-Method as core.
Good luck, you need this when you do not have the knowledge, experience and the trading skills.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,438
  • Jun 8, 2016 4:39am Jun 8, 2016 4:39am
Quoting luvene
{quote} Thanks Mike, I know the thread, it was this thread first I was interested in. However I find it complicated and I got the feeling that you enter a trade much too late because the Stochastichs has to be above 80 and green crosses red above yellow, etc. etc. I mean when you do there is much confirmation but I have strongly feelings that when you do you are missing a lot of pips. Please, tell me your experience.
Your observations are correct. I made the same.
In using the Stochastic cross above the 80 level for buy and cross below the 20 level for sell, with the TDI setup,
these are exceptional market condition. These are very rare and that is why Medhi look at all 28 pairs for more trades opportunties. He is right about his Method 1 but many newbies trying teach other newbies in Medhi thread. These newbies trader lack the knowledgee, experience and trading skills and they try to teach others. These newbies are too emotional and no good for traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,439
  • Jun 8, 2016 6:25am Jun 8, 2016 6:25am
Quoting pete.alfa
{quote} I can recall now first lot I bought because on Daily - Prices broke & closed above 1. S/R level 2. closed above 1240 & 50ema(200ema H4). Indicated going north. Now 200pips in profit. Best regards, {image}
Hi Pete,

I see you have 2 open trades and with buy stop waiting above.
I wait for EOD close, then will protect all my trade entries at BE+.
Then will add one more trade tomorrow morning when Sydney ASX open.

I see two potential nearby term resistance 1257 and 1263 on my D1 chart.
Otherwise, if there are no major market adverse events in the next few days, I target 1283 long term.

Just focus my tasks to manage the Downside, let the market decide the Upside.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 23 D1 chart update.png Size: 47 KB


I am also thinking of my other option to trail all trades below yesterday candle Low (2 days look back) , but this mean giving up some profits and take some small losses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,440
  • Jun 8, 2016 9:02am Jun 8, 2016 9:02am
Hi,

I've been following this for a few months, done reading, made quite a few trades on the 4h TF. Personally, it has been quite unsuccessful, however as people have stated before, this is not as simple as the original method anymore.

I have tried the pipware multi time frame, which gave me information overload.
My current chart has the Real Time Synergy Pro TDI with PAC and APB. I've added manual S/R, but also tried an indicator/d pivot indi. I do not trade around high impact news either.

Does anyone still trade with the original indicators on the first few posts? Or has everyone moved away from it to using synergy/HA/APB with TMS correlator/monitors etc?
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