Simple stupid position trading (H4/D1) | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Keep It Simple Stupid 7 replies

The simple stupid system 855 replies

Stupid Simple: Trying to find a specific indicator 0 replies

Keep it Simple Stupid (KISS) Method 486 replies

Keep It Simple Stupid (KISS) - The next Generation!! 7 replies

Attachments: Simple stupid position trading (H4/D1)
Exit Attachments

Simple stupid position trading (H4/D1)

  • #1
  • First Post: Apr 25, 2014 1:59am Apr 25, 2014 1:59am
Hi Folks,




here i will post my trades with my simple method. This method works without any indicators and you won`t find here any of them. This method is based on just three candle patterns: Engulfing, Outsidebar and Hammer/Shootingstar.


I will trading on H4 and Daily timeframes, yes you hear right, the best TF in my opinion Sometimes i will take trades on H1 but just on EUR/USD and rarely, only when i see a good opportunity.


I will trading live on my micro trading account just to prove the profitability of the system. Demo trading is laying behind me. This will gonna be as simple as possible, just blind positioning trading. I am not interesting on trends, S/R and other stuff.


Entrys: i will operate with sell/buy stops, no market orders. My entry's are above/under the candle patterns, SL is going behind the relevant candle.


R:R Ratio: is going to be 1:1 and 1:2. I setting hard stops and takeprofits, no BE or trailing stops!


I try to show always a chart with my entry, because i love charts


This thread is serves mainly for me but maybe one of you will find it useful. Forgive me my bad and limited English.


That`s it for now
Pressure shapes Legends
  • #2
  • Apr 25, 2014 2:02am Apr 25, 2014 2:02am
EUR/NZD H4




first trade ...Bearish outsidebar. TP 44 points, SL 44 Points




Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh4.png Size: 89 KB
Pressure shapes Legends
  • #3
  • Apr 25, 2014 2:22am Apr 25, 2014 2:22am
You will certainly do good with this way of trading.

Just a little advice : you should have greater probability of using these patterns only on strong levels (S/R, S/D zones, etc ...) and see how price react on these levels (reversal or continuation).
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • Apr 25, 2014 2:30am Apr 25, 2014 2:30am
Quoting Juri
Hi Folks, here i will post my trades with my simple method. This method works without any indicators and you won`t find here any of them. This method is based on just three candle patterns: Engulfing, Outsidebar and Hammer/Shootingstar. I will trading on H4 and Daily timeframes, yes you hear right, the best TF in my opinion Sometimes i will take trades on H1 but just on EUR/USD and rarely, only when i see a good opportunity. I will trading live on my micro trading account just to prove the profitability of the system. Demo trading is laying...
hi
i am with ferrufx, you need to have support and resistance levels to trade such system
however, trading Engulfing, Outsidebar and Hammer/Shootingstar is not simple.
i wish you good luck, i have tried it before few years back, it was good but at the end you need to add more compounding codes to minimize the odds
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #5
  • Apr 25, 2014 2:32am Apr 25, 2014 2:32am
Quoting FerruFx
You will certainly do good with this way of trading. Just a little advice : you should have greater probability of using these patterns only on strong levels (S/R, S/D zones, etc ...) and see how price react on these levels (reversal or continuation).
Thanks for your kind comment. It is an honor from a so valuable member
Pressure shapes Legends
  • #6
  • Apr 25, 2014 2:35am Apr 25, 2014 2:35am
Quoting Samer1970
{quote} hi i am with ferrufx, you need to have support and resistance levels to trade such system however, trading Engulfing, Outsidebar and Hammer/Shootingstar is not simple. i wish you good luck, i have tried it before few years back, it was good but at the end you need to add more compounding codes to minimize the odds
Thank you my friend! I will take this into account
Pressure shapes Legends
  • #7
  • Apr 25, 2014 2:39am Apr 25, 2014 2:39am
FYI E/N on H4 has a bearish OB. But on Daily there is a bullish OB. Is it relevant to your method?

EDIT: pictures
Attached Image (click to enlarge)
Click to Enlarge Name: EN-H4.png Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EN-D1.png Size: 20 KB
No greed. No fear. Just maths.
  • #8
  • Apr 25, 2014 2:44am Apr 25, 2014 2:44am
Quoting PipMeUp
FYI E/N on H4 has a bearish OB. But on Daily there is a bullish OB. Is it relevant to your method?
Thanks for your comment my friend! Well i will try to take bearish OB on swing Highs and bullish OB on swing Lows as far as it is possible.


But it can be in fact that I simultaneously hold two contradictory positions.
Pressure shapes Legends
  • #9
  • Apr 25, 2014 2:46am Apr 25, 2014 2:46am
Quoting PipMeUp
FYI E/N on H4 has a bearish OB. But on Daily there is a bullish OB. Is it relevant to your method? EDIT: pictures {image} {image}

hi all
this is one of the odds i am speaking about it
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #10
  • Apr 25, 2014 2:46am Apr 25, 2014 2:46am
Quoting Juri
{quote} Thanks for your kind comment. It is an honor from a so valuable member
You're welcome.
MT4/MT5 EAs/Indicators/Alerts coder
  • #11
  • Apr 25, 2014 3:09am Apr 25, 2014 3:09am
Quoting Juri
{quote} Thanks for your comment my friend! Well i will try to take bearish OB on swing Highs and bullish OB on swing Lows as far as it is possible. But it can be in fact that I simultaneously hold two contradictory positions.
Makes sense. You may be interested by Gold. H4 may close a Bullish OB (in 1 hour for me), with a support.
At the same time a BuOB on daily is at the low of the swing.
Daily
Attached Image (click to enlarge)
Click to Enlarge Name: GoldD1.png Size: 23 KB


H4
Attached Image (click to enlarge)
Click to Enlarge Name: GoldH4.png Size: 22 KB
No greed. No fear. Just maths.
  • #12
  • Apr 25, 2014 3:18am Apr 25, 2014 3:18am
Quoting PipMeUp
{quote} Makes sense. You may be interested by Gold. H4 may close a Bullish OB (in 1 hour for me), with a support. At the same time a BuOB on daily is at the low of the swing. Daily {image} H4 {image}
Thanks for your clean and nice charts PipMeUp

Indeed Gold looks good to me. But the shiny stuff is not available in my micro account, i will try this one on demo.
Pressure shapes Legends
  • #13
  • Edited 4:00am Apr 25, 2014 3:32am | Edited 4:00am
Good sharing of valuable info guys. tq OP.
My take is by combining the candlestick pattern with daily s r line, daily channel (purple color) and H4 channel (turqoise color) to find confluence. doing this since abt 2 months ago, normally hold position for 4-5 days. still experimenting.
Attached Image (click to enlarge)
Click to Enlarge Name: EN_25April2014.JPG Size: 62 KB
an attempt of compounding, from USD50+25bonus until ....burnout..haha
  • #14
  • Apr 25, 2014 3:51am Apr 25, 2014 3:51am
A/U H4 buy stop

bull.eng TP 60 P./SL 30P

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 64 KB
Pressure shapes Legends
  • #15
  • Apr 25, 2014 6:05am Apr 25, 2014 6:05am
G/A and E/A H4


R:R 1:1


Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 77 KB



Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 86 KB
Pressure shapes Legends
  • #16
  • Apr 25, 2014 6:07am Apr 25, 2014 6:07am
nice call on GOLD PipMeUp
Pressure shapes Legends
  • #17
  • Apr 25, 2014 6:43am Apr 25, 2014 6:43am
Interesting thread. Do you take all engulfing/ob/stars/hammers regardless of the bar range?
Think Big!
  • #18
  • Apr 25, 2014 6:52am Apr 25, 2014 6:52am
Also do you protect your trades and if so at what point?
Think Big!
  • #19
  • Apr 25, 2014 6:57am Apr 25, 2014 6:57am
Quoting Juri
A/U H4 buy stop bull.eng TP 60 P./SL 30P {image}
Could that huge bearish engulfing still be in play based on your rules?
Think Big!
  • #20
  • Apr 25, 2014 6:58am Apr 25, 2014 6:58am
Sorry about the BE question, I just reread post #1.
Think Big!
0 traders viewing now