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Trading Made Simple(r)

Quoting 40PipsAlan
{quote} easy. Add the period converter to the M1 chart with a multiplier of 2 then open file Offline M2 chart. {file}
Thanks Alan
Hello,

I have only just found this thread, thank you Robinhood.

I am intraday trading so looking for hourly setups and maybe the odd 4 hourly setups.

I am struggling to find any currently and wondered if anyone had a chart witha potential setup?

I have found this one which may be valid at the end of the candle close in 6 minutes!

Thanks in advance

Adam
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Quoting adamjhdavis
Hello, I have only just found this thread, thank you Robinhood. I am intraday trading so looking for hourly setups and maybe the odd 4 hourly setups. I am struggling to find any currently and wondered if anyone had a chart witha potential setup? I have found this one which may be valid at the end of the candle close in 6 minutes! Thanks in advance Adam{image}
All I can say is that it's a valid entry.
Always a Student, Never a Master - Emulate What Works
Quoting emequispips
Hello RobinHood and all members, First of all, happy new year, my best wishes for this 2023. It has been a long time since my last visit here and since I have been trading, due to some personal problems that prevented me from dedicating the necessary time to it. I quickly read all the posts since my last visit and recapped some things, so I had a couple of questions: I saw that for the roadmap you changed for three sma shift (-1,0,1) and three ema 34 (h,c,l). is this still valid? or have you found a better combination? On the other hand, trying...
This will require a lot of time to answer, if I can find the time I will answer everything but I am really busy at the moment.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} This will require a lot of time to answer, if I can find the time I will answer everything but I am really busy at the moment.
Thank you, patiently awaiting your reply.
Quoting emequispips
Hello RobinHood and all members, First of all, happy new year, my best wishes for this 2023. It has been a long time since my last visit here and since I have been trading, due to some personal problems that prevented me from dedicating the necessary time to it. I quickly read all the posts since my last visit and recapped some things, so I had a couple of questions: I saw that for the roadmap you changed for three sma shift (-1,0,1) and three ema 34 (h,c,l). is this still valid? or have you found a better combination? On the other hand, trying...
I saw that for the roadmap you changed for three sma shift (-1,0,1) and three ema 34 (h,c,l). is this still valid? YES, still valid.

On the other hand, trying to refine the entries/reentries (using long entries as an example):

Is there a candlestick limit regarding when the yellow bar of the rho oscillator goes to the positive side and is greater than the magenta one? No, not if I understand the question correctly.

The entry is when the price goes above the high of the bar that closed above the roadmap or when it goes above the close? When it Closes above.

Re-entry requires the yellow bar of the rho to be below the magenta bar. For Long trades using the RHO, the both the magenta and the yellow bars must be above the 0 (zero) Line.
Always a Student, Never a Master - Emulate What Works
  • Post #8,447
  • Quote
  • Edited Jan 26, 2023 4:32pm Jan 25, 2023 4:37pm | Edited Jan 26, 2023 4:32pm
I want to mention another way to use the RobinHood Oscillator that is quite easy to see...

Look at bars in the image below and focus on the square white boxes.

Notice that when there is a down trend and both colors of the RHO are visible, then notice that the yellow bars goes and "hides" behind the red bar(s) for 1 or more bars, then the yellow bars remerges and you can see both color bars again....This signals a RHO Continuation Trade.

The exact opposite is true for long trades regarding the blue and yellow bars in the image.
Attached Image (click to enlarge)
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Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
I want to mention another way to use the RobinHood Oscillator that is quite easy to see... Look at bars in the image below and focus on the square white boxes. Notice that when there is a down trend and both colors of the RHO are visible, then notice that the yellow bars goes and "hides" behind the red bar(s) for 1 or more bars, then the yellow bars remerges and you can see both color bars again....This signals a RHO Continuation Trade. The exact opposite is true for long trades regarding the blue and yellow bars in the image. {image}
Thanks Robinhood, are you still using the same indicator setup for day trading as mentioned in your previous posts? I have had some good success with it. Would be good to have some more insights from you on this topic!
Quoting whiteso
{quote} Thanks Robinhood, are you still using the same indicator setup for day trading as mentioned in your previous posts? I have had some good success with it. Would be good to have some more insights from you on this topic!
Regarding day trading the Forex, I use the same trading template for all pairs, but I only focus on a trading 1 pair at a time.

Regarding day trading stocks, I use a couple of different trading templates because I have found that most stocks each have a unique personality and most often move differently than one another. I only focus on day trading the same few stocks day after day, and sometimes that list changes a little.

Specifically, which insights do you want to hear more about?
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} Regarding day trading the Forex, I use the same trading template for all pairs, but I only focus on a trading 1 pair at a time. Regarding day trading stocks, I use a couple of different trading templates because I have found that most stocks each have a unique personality and most often move differently than one another. I only focus on day trading the same few stocks day after day, and sometimes that list changes a little. Specifically, which insights do you want to hear more about?
Thanks, yes forex. Do you change your pair each day or always focus on the same pair? I know you have said before AUDUSD was your favourite. Is that the RHO template you are continuing to use?
Greetings to all,

Is the image on 8447 possible on MT4 ??????

Donald.
Quoting Coffeebuff
Greetings to all, Is the image on 8447 possible on MT4 ?????? Donald.
Yes!

see #8082
https://www.forexfactory.com/thread/...2#post14025782

and when you have mastered how to trade basic Price Action with Average Price Bar and Moving Averages Convergence and Divergence, and use a proven Money Management Strategy, you will become a very rich DISCIPLINED trader ...


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
If you were a rich man ...

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting whiteso
{quote} Thanks, yes forex. Do you change your pair each day or always focus on the same pair? I know you have said before AUDUSD was your favourite. Is that the RHO template you are continuing to use?
Regarding the Forex, these days I am just day trading the AUDUSD and the GBPJPY. Any more than that and I lose my focus.

Yes, still the RHO template BUT...

It would be more correct to say in the two lower windows, I have the smTMMS v7.3.1 in one window and the RHO in the lowest window.

Not because I "need" both, but because I just like viewing both at the same time. It looks like this:
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Always a Student, Never a Master - Emulate What Works
Quoting Coffeebuff
Greetings to all, Is the image on 8447 possible on MT4 ?????? Donald.
Not with the colors done like that. That image comes from a stock trading platform called TC2000.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} Regarding the Forex, these days I am just day trading the AUDUSD and the GBPJPY. Any more than that and I lose my focus. Yes, still the RHO template with nothing changed.
What TF do you use for trading these pairs? M2 ? I remember you use M2 for indexes.
Quoting adamjhdavis
Hello, I have only just found this thread, thank you Robinhood. I am intraday trading so looking for hourly setups and maybe the odd 4 hourly setups. I am struggling to find any currently and wondered if anyone had a chart witha potential setup? I have found this one which may be valid at the end of the candle close in 6 minutes! Thanks in advance Adam{image}
Hi what's up with "only found this thread"????
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What do you mean... what's up with it?
Quoting iwan73
{quote} What TF do you use for trading these pairs? M2 ? I remember you use M2 for indexes.
I watch and use both 1 min. and the 5 min. on MT4.
Always a Student, Never a Master - Emulate What Works
Quoting Tekkies
{quote} Hi what's up with "only found this thread"???? {image}
It not the same thread. The one you referenced is called "Trading Made Simple".

This thread is called "Trading Made Simple(r)".
Always a Student, Never a Master - Emulate What Works
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