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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #77,981
  • Mar 21, 2017 5:20pm Mar 21, 2017 5:20pm
Quoting Dempip
Hi everyone, I'm new to the forum and I signed up when I read the first post from Eelfranz on creating a simple strategy which captured my frustrations accurately. Could someone please kindly explain the strategy, indicators and settings and other useful information for me to get started in a simple way without complicating and confusing things. Your help and response will be greatly appreciated.

Hi Dempip,

You asked for help and you want it " in a simple way without complicating and confusing things.",

first you tell me how long you have been trading spot forex, then I will explain the strategy, indicators and settings, plus I will include all other useful information for you..

I wait patiently for you reply.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,982
  • Mar 21, 2017 6:32pm Mar 21, 2017 6:32pm
Discipline is what every trader needs to have that slight chance to succeed in this business.

You need to be discipline to follow the charts in the timeframe you want to trade, to look for the setup conditions, to know your tasks for trading and follow those tasks, ...

if you want to trade intraday H1,
do you have the discipline to look at each H1 candle when they close?
do you know your tasks for trading when you see a bar/candle close above the PAC?
do you know your tasks for trading after your trade entry?
do you know your tasks for trading when the bar/candle close with a change in colour?

performing every tasks for trading requires you to be discipline.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 12 Mar 21 H1 example w PAC.png Size: 35 KB



without DISCIPLINE, you do not even have to think nor talk about whether you have your WINNING EDGE or not.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,983
  • Mar 21, 2017 6:43pm Mar 21, 2017 6:43pm
EURUSD Mar 21 H1 intraday,

Do you have your trading business hours written in your trading business plan?

Do you have the discipline and stick to your trading business hours?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 12 Mar 21 H1.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,984
  • Mar 21, 2017 6:50pm Mar 21, 2017 6:50pm
USDJPY Mar 21 H1 Intraday:

Do you have the discipline to follow the market every one hour?
If you did, you will suffer more losses than winners, but the winner will out run the losers.... with more Rs.
the more positive Rs, the better your Expectancy

without a high positive Expectancy, you do not even think about nor talk about your WINNING EDGE.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 12 Mar 21 H1.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,985
  • Mar 21, 2017 6:55pm Mar 21, 2017 6:55pm
EURJPY Mar 21 H1

one loser,
one winner,
one runner......

do you have the discipline to wait?

WAIT for H1 HA candle to close with colour change.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 12 Mar 21 wait for HA close.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,986
  • Mar 21, 2017 6:59pm Mar 21, 2017 6:59pm
EURAUD Mar 21 ... my favourite yesterday.

one winner

one runner ....

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 12 Mar 21 runner best.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,987
  • Mar 21, 2017 7:07pm Mar 21, 2017 7:07pm
AUDUSD Mar 21
one winner
one loser
one runner

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 12 Mar 21.png Size: 29 KB



"The Work" by Katie Bryon taught many people traders included to question their beliefs. When their beliefs are no longer true, be prepared to do the turnaround. I apply what I learned from doing her "The Work" in my trading too.

http://thework.com/en/do-work

put an end to your sufferings in trading, do The Work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,988
  • Mar 21, 2017 10:40pm Mar 21, 2017 10:40pm
Quoting emmanuel7788
EURJPY Mar 21 H1 one loser, one winner, one runner...... do you have the discipline to wait? WAIT for H1 HA candle to close with colour change. {image}
now waiting for this H1 HA to close, if close with HA small body and colour change, exit your last H1 entry.

No more using TDI goes flat, hook back, etc. for exit . This is to maximise your profit run trades.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Mar 22 H1 HA exit.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,989
  • Mar 21, 2017 11:05pm Mar 21, 2017 11:05pm
Quoting emmanuel7788
{quote} now waiting for this H1 HA to close, if close with HA small body and colour change, exit your last H1 entry. No more using TDI goes flat, hook back, etc. for exit . This is to maximise your profit run trades. {image}
thank you master.
  • #77,990
  • Mar 21, 2017 11:37pm Mar 21, 2017 11:37pm
While Tokyo is having their sushi time, you may want to watch a video on how to trade the TDI Volatility Band squeeze.

Inserted Video


the next 4 to 5 hours trading the H1 will be fakey hour time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,991
  • Mar 22, 2017 12:06am Mar 22, 2017 12:06am
EURJPY Mar 22 H1 HA colour changed exit:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Mar 22 H1 HA exit TP.png Size: 34 KB


is this simple enough?

can this be automated?

do you need the TDI?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,992
  • Mar 22, 2017 12:12am Mar 22, 2017 12:12am
Quoting emmanuel7788
USDJPY Mar 21 H1 Intraday: Do you have the discipline to follow the market every one hour? If you did, you will suffer more losses than winners, but the winner will out run the losers.... with more Rs. the more positive Rs, the better your Expectancy without a high positive Expectancy, you do not even think about nor talk about your WINNING EDGE. {image}
USDJPY Mar 22 H1 HA colour change exit +75pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Mar 22 H1 HA exit.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,993
  • Mar 22, 2017 12:15am Mar 22, 2017 12:15am
Quoting emmanuel7788
AUDUSD Mar 21 one winner one loser one runner {image} "The Work" by Katie Bryon taught many people traders included to question their beliefs. When their beliefs are no longer true, be prepared to do the turnaround. I apply what I learned from doing her "The Work" in my trading too. http://thework.com/en/do-work put an end to your sufferings in trading, do The Work.


AUDUSD Mar 22 H1 HA colour change exit

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Mar 22 H1 HA exit.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,994
  • Mar 22, 2017 12:19am Mar 22, 2017 12:19am
Quoting emmanuel7788
EURAUD Mar 21 ... my favourite yesterday. one winner one runner .... {image}

EURAUD Mar 22 H1 runner closed with HA colour change.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 22 H1 HA exit.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,995
  • Mar 22, 2017 12:40am Mar 22, 2017 12:40am
AUDUSD Mar 22 H4 Entry sell today when Sydney open.

now running ....

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Mar 22 H4 entry sell.png Size: 20 KB


same Exit rule using the HA candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,996
  • Mar 22, 2017 12:47am Mar 22, 2017 12:47am
USDCAD Mar 22 H4 buy Entry

same rule for Entry, PA HA candle close above PAC with previous candles L-H, HL- HH, ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Mar 22 H4 Entry buy.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,997
  • Mar 22, 2017 12:48am Mar 22, 2017 12:48am
Quoting emmanuel7788
{quote} AUDUSD Mar 22 H1 HA colour change exit {image}
Hi emm...
Do you know where i can get indicator that i mark with arrow on your picture ?

Thank you in advance
Attached Image
only 100 pips / week
  • #77,998
  • Mar 22, 2017 1:02am Mar 22, 2017 1:02am
Quoting michael_k
{quote} Closed manually at 111.78. Out with +170 pips. {image}
Hello michael_k,

what was your BPP/overall trend for this trade?

regards
  • #77,999
  • Mar 22, 2017 1:05am Mar 22, 2017 1:05am
Quoting emmanuel7788
{quote} Very good D1 trade. UJ broken below the previous 2 months lows, it is in sell zone. near term target is 110.70
I think EMA 200 aka EMA 10 on monthly will be in the way to the south
  • #78,000
  • Mar 22, 2017 1:21am Mar 22, 2017 1:21am
Quoting Deichkind
{quote} I think EMA 200 aka EMA 10 on monthly will be in the way to the south

when technical vs fundamental in conflict, I follow the technicals I see on my charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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