This is just a short compilation trading rules eelfranz has posted so far on the thread.
http://www.forexfactory.com/showthread.php?t=291622 Trading Made Simple
Indicators and template needed:
http://www.forexfactory.com/showpost.php?p=4573194&postcount=156
5 shifted ema:
Basically this is a visual reference. When a candle is crossing it the green TDI line is
crossing red also.
Entries and exits...
TDI... Is it going up (long) or coming down (short)... that's the direction to trade.
We Enter a trade when green crosses red on the TDI at the beginning of the new
candle... usually candle 1 or 2. If it's candle 3 or more (as in the third bull candle in up
move and third bear candle in down move) don't enter... find another trade set up. The
only exception is if green bounces off red and continues... it's ok to re-enter on the
bounce...
A set up is NOT GREEN TOUCHING RED. Why? Many times green bounces back and the
original direction continues. That's a bounce trade.
Exit your trade when the green TDI line goes flat, starts to hook over or makes a check
mark reversal.
If you add other things it will influence your decisions... usually to your detriment. Don't
try to complicate it thinking it can't be this easy. Hence the name Trading Made Simple.
Important to study TDI entries on old charts, any time frame... Give yourself a chance
and trade it like it's layed out..
In regards to stoploss:
I hate S/l trading. If you feel you want it the safest way is to place your S/L at the last
hi or low a couple of candles back...
Demo it:
Take your time and learn. Demo trade it until you feel you got it.
Be sure to brows through the thread and look at the training charts that are and will be
posted. Look at charts others have posted too. A picture tells a thousand words.