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Trading Made Simple(r)

  • #201
  • Jun 6, 2019 6:19pm Jun 6, 2019 6:19pm
Quoting RobinHood
I exited the above trade just under 2 pips off the high. {image} {image} I exited on the bar just below the green X. Why? Because it should have gone straight up to 137.86 and it didn't. It stalled near a previous high. The HMA Line turned Deep Pink and the bar turned Red/Red. That was enough to tell me to get out.
Hey all,

Just finished reading the thread and I'm pretty excited to try this system soon. Looking forward to posting some setups for critique.

Robinhood - I didn't see this asked when I was reading, but I could have missed it. I'm familiar with Big E's system and the TDI angle played an important role in his system. Does your system factor in the angle of the indicators or is being over the 50 good enough? Also, do you only trade during certain times of the day or just during the UK open or what's recommended? I saw you say that you dont really look at the news when you trade - which is a bit different that what you'd expect, but if it works for you then great. I think I also read that you're more aware of S/R lvls but dont really pay too much attention to it. That being said, I'm guessing that no matter the time of day or what's going on, you trade however the system says to trade? Basically a buy is a buy and a sell is a sell?

Thanks!
Green pips to all
  • #202
  • Jun 6, 2019 7:07pm Jun 6, 2019 7:07pm
Quoting PhillipmC
Robin, do u offer drill down to 1M tf to see what's going on ? Or was it because it was near a resistance level that u were concerned about ?
I don't usually go down to the 1 min chart but I thought 137.86 would pull price up there AND I got a Crossover signal so I thought it might be some easy money.
Always a Student, Never a Master - Emulate What Works
  • #203
  • Edited Jun 7, 2019 6:54am Jun 6, 2019 7:15pm | Edited Jun 7, 2019 6:54am
Quoting ScorpioForex
{quote} Hey all, Just finished reading the thread and I'm pretty excited to try this system soon. Looking forward to posting some setups for critique. Robinhood - I didn't see this asked when I was reading, but I could have missed it. I'm familiar with Big E's system and the TDI angle played an important role in his system. Does your system factor in the angle of the indicators or is being over the 50 good enough? Also, do you only trade during certain times of the day or just during the UK open or what's recommended? I saw you say that you dont...
The 2nd paragraph of post 1 I wrote:

Although my templates do not include his main indicator which was the TDI, they do include other indicators that I find easier to read than the TDI. For example, Big E (Eric) would talk about when the TDI started to bend, or arch, or flatten out, etc. as exit signals which I found to be way too subjective for me, so I eventually dropped it. And, he mentioned that he might drop it also because he could still trade very successfully without it. In other words, he didn't really need it either.

In all honesty, after 20+ years of trading, I can't quantify exactly why I make the decisions I make. It'd be like trying to explain why you lean a certain way when you are riding a bicycle very fast and go around a curve.

Maybe this will help to explain it...

"'The Jade Master' is a story in a book by Ed Seykota called 'The Trader's
Window.' It's about a young man who didn't know what to do with his life."
"He had heard about a man known as the jade master who lived about five miles
away. One day the young man said to himself, 'Even though it's winter, I'm
going to visit the jade master and learn all about jade.'"
"So he walks five miles through the snow and bitter cold. Finally he comes to
the jade master's house and knocks on the door. An old man with a broom in his
hand opens it. 'Yes? What can I do for you?'"
"The young man says, 'I've come to learn about jade. Would you take me as your
student?'"
"'Sure,' the old man says. 'Come on in.'"
"Inside the house the jade master makes the young man a cup of green tea, then
presses a green stone into his hand. 'Hold that while we talk,' he says. And
as they sip their tea on this cold winter day, the old man begins telling a
story about a green tree frog."
"The young man becomes very impatient. He doesn't want to hear about tree
frogs. 'Excuse me,' he says, 'I came here to learn about jade.'"
"'Oh, excuse me,' the old man says, 'Why don't you come back next week?'"
"Puzzled, the young man heads for home. The following week he trudges all the
way back through five miles of cold snow. The old man opens the door and lets
him in. He makes the hot tea, presses this green stone into the student's hand,
and again begins to talk about a green tree frog."
"This time the young man is able to listen a little bit longer. Finally he
says, 'Excuse me, but I came here to learn about jade.' He thinks the old man
is going senile on him."
"'Oh, excuse me,' the jade masters says, 'Maybe you'd better just go home now
and come back next week.'"
"This went on all winter long, and each time the young man returned, he would
interrupt the jade master less and less. In the meantime, he learned a few
things. He now knew how to make green tea and how to sweep the kitchen floor
with the broom. As he and the old man became friends, he began to make himself
useful and help with the things that needed to be done."
"As always, the old man would sit down and start talking about the green tree
frog. The young man just listened now, never interrupting until the old man
got tired. Then he would trudge home through five miles of snow and come back
the following week."
"One day he arrived for his weekly visit. It was spring now, much easier to
make the five-mile walk. The jade master opened the door and told him to come
in. As the student sat down, the old man pressed the green stone into his hand
and gave him a cup of green tea. Again he began to tell the story of the green
tree frog."
"Wait a minute,' the young man said. 'This isn't jade.' Suddenly he knew that
the green stone in his hand wasn't jade."
Always a Student, Never a Master - Emulate What Works
  • #204
  • Jun 7, 2019 11:11am Jun 7, 2019 11:11am
What the significance of the "important trading times 1/2" in the template?
Attached Image
Green pips to all
  • #205
  • Jun 7, 2019 12:31pm Jun 7, 2019 12:31pm
I have been busy this week and I have only time to put on one trade. Using candle by candle trailing stop and I will exit (if not exit by trailing stop)
on color change for 2-3 indicators. I let the CADJPY 4H trade run over the weekend:

Attached Image (click to enlarge)
Click to Enlarge Name: 20190706CADJPYH4.png Size: 69 KB
  • #206
  • Edited 4:40pm Jun 7, 2019 3:46pm | Edited 4:40pm
Quoting ScorpioForex
What the significance of the "important trading times 1/2" in the template? {image}
It can show you when markets open and close if you set them correctly. Some traders (like day traders) for example only like to trade for a few hours after the Open.
Always a Student, Never a Master - Emulate What Works
  • #207
  • Jun 8, 2019 3:19am Jun 8, 2019 3:19am
Hello RH,

I cannot follow the chart for various reasons. So at present, I want to use longer TF.
Anyway, I have some questions for you.
1. Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?
2. You use APB indicator along with HA candles. Is there any specific reason for that?
3. For your own trading do you use the present template?
Thanks.
  • #208
  • Edited 8:52am Jun 8, 2019 6:04am | Edited 8:52am
Quoting salimc
Hello RH, I cannot follow the chart for various reasons. So at present, I want to use longer TF. Anyway, I have some questions for you. 1. Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment? 2. You use APB indicator along with HA candles. Is there any specific reason for that? 3. For your own trading do you use the present template? Thanks.

Question 1. "Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?"

No matter what time frame you are trading, you always look for confirmation of direction from a higher time frame. If you are using the Daily time frame, go up to the Weekly for confirmation of direction (using Template 1). If the Weekly is going in the same direction as the Daily, then you have confirmation. There are no concrete rules regarding this (it's just how I do it), and so ultimately, it's up to you how you do it.

Question 2. "You use APB indicator along with HA candles. Is there any specific reason for that?"

They are 2 different indicators based on 2 different concepts that give 2 different results. Sometimes they agree with each other, and sometimes they don't. I will only enter a trade when they agree with each other and then once in a trade, when they don't agree with each other, I use that as a early warning signal that the trend may be about to stall or change.


Question 3. "For your own trading do you use the present template?"

Of course, it's absolutely the ONLY thing I use. It has 7 indicators that when used together can tell you when to enter, when to exit, where to place your initial stop, where to trail your stop, AND it works on any time frame. What more could you possibly need?
Always a Student, Never a Master - Emulate What Works
  • #209
  • Jun 8, 2019 7:51am Jun 8, 2019 7:51am
Hi RobinHood,

Firstly thank you very much for the time you've taken to share this template/method.

I had devoured Big E's thread, but then moved away from it as the TDI didn't quite resonate with me.

I like the fact that you have simplified the template and for the most part it's easy to follow.

I will do some testing in demo, and am eager to see the results.

Currently I trade only Price Action via the H4 charts (no indicators).

But I like the rules this template gives as otherwise trading can be very subjective even doing technical analysis.

Thanks again and enjoy your weekend.
  • #210
  • Jun 8, 2019 8:39am Jun 8, 2019 8:39am
[quote=RobinHood;12318378]{quote} Question 1. "Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?" No matter what ....

Thx for your input.
  • #211
  • Jun 8, 2019 8:50am Jun 8, 2019 8:50am
Quoting tom2749
Hi RobinHood, Firstly thank you very much for the time you've taken to share this template/method. I had devoured Big E's thread, but then moved away from it as the TDI didn't quite resonate with me. I like the fact that you have simplified the template and for the most part it's easy to follow. I will do some testing in demo, and am eager to see the results. Currently I trade only Price Action via the H4 charts (no indicators). But I like the rules this template gives as otherwise trading can be very subjective even doing technical analysis. Thanks...
You're Welcome! And Good Luck
Always a Student, Never a Master - Emulate What Works
  • #212
  • Jun 8, 2019 8:50am Jun 8, 2019 8:50am
[quote=salimc;12318484]
Quoting RobinHood
{quote} Question 1. "Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?" No matter what .... Thx for your input.
You're welcome.
Always a Student, Never a Master - Emulate What Works
  • #213
  • Jun 8, 2019 2:08pm Jun 8, 2019 2:08pm
Thank you SO much for this approach, RobinHood! I have read thru the thread several times, have downloaded the template and indicators. I was looking for something just like this, something that looks simpler and makes sense to me. I have only begun to backtest this method with good results. I look forward to forward testing it in demo. Again, THANKS!
  • #214
  • Jun 8, 2019 2:47pm Jun 8, 2019 2:47pm
Quoting jpfalls
Thank you SO much for this approach, RobinHood! I have read thru the thread several times, have downloaded the template and indicators. I was looking for something just like this, something that looks simpler and makes sense to me. I have only begun to backtest this method with good results. I look forward to forward testing it in demo. Again, THANKS!
You're Welcome!...And Good Luck
Always a Student, Never a Master - Emulate What Works
  • #215
  • Jun 8, 2019 2:48pm Jun 8, 2019 2:48pm
[quote=RobinHood;12318378]{quote} Question 1. "Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?" No matter what time frame you are trading, you always look for confirmation of direction from a higher time frame. If you are using the Daily time frame, go up to the Weekly
hello RH,
Sorry to bother you again.
My Question no. 2. was "You use APB indicator along with HA candles. Is there any specific reason for that?"
your answer was "They are 2 different indicators based on 2 different concepts that give 2 different results. Sometimes they agree with each other, and sometimes they don't. I will only enter a trade when they agree with each other and then once in a trade, when they don't agree with each other, I use that as a early warning signal that the trend may be about to stall or change"

So now I want to know that in this system, both Synergy APB and HA candles are used together in the same chart. So in this case what are the indications from which we can understand that both the candles are in agreement or in disagreement? can you explain that marking in a chart? Thank you in advance for your help.
regards.
  • #216
  • Edited Jun 9, 2019 6:27am Jun 8, 2019 3:58pm | Edited Jun 9, 2019 6:27am
Quoting salimc
Quoting RobinHood
{quote} Question 1. "Sometimes 4 H and Daily TF don’t agree with each other. So I am using D Chart. Any comment?" No matter what time frame you are trading, you always look for confirmation of direction from a higher time frame. If you are using the Daily time frame, go up to the Weekly hello RH, Sorry to bother you again. My Question no. 2. was "You use APB indicator along with HA candles. Is there any specific reason for that?" your answer was "They are 2 different indicators based on 2 different concepts that give 2
...
Marking a chart isn't necessary because the explanation is so simple:

If the Synergy APB and HA candles are both Blue & Dodger Blue then they are in agreement. It means UP or Long only.

If the Synergy APB and HA candles are both Red & Maroon then they are in agreement. It means DOWN or Short only.

If they are Red & Blue then they are in disagreement.
Always a Student, Never a Master - Emulate What Works
  • #217
  • Jun 8, 2019 11:42pm Jun 8, 2019 11:42pm
Quoting RobinHood
{quote}{quote} Marking a chart isn't necessary because the explanation is so simple: If the Synergy APB and HA candles are both Blue & Dodger Blue then they are in agreement. It's means UP or Long only. If the Synergy APB and HA candles are both Red & Maroon then they are in agreement. It's means DOWN or Short only. If they are Red & Blue then they are in disagreement.
Thanks. It has been a great help
  • #218
  • Jun 9, 2019 8:05pm Jun 9, 2019 8:05pm
Quoting kirinda
I have been busy this week and I have only time to put on one trade. Using candle by candle trailing stop and I will exit (if not exit by trailing stop) on color change for 2-3 indicators. I let the CADJPY 4H trade run over the weekend: {image}

I bet Kirinda was happy this morning lol
  • #219
  • Jun 10, 2019 4:12am Jun 10, 2019 4:12am
Quoting PhillipmC
{quote} I bet Kirinda was happy this morning lol
It's a good trade but with no real money. When I test a new system I always use demo until I'm 100% sure that I'm profitable with the system before I use real money .
  • #220
  • Jun 10, 2019 8:48am Jun 10, 2019 8:48am
Hi Rb,
Would like to check with you when you are checking bigger tf with confirmation trend, what indicator are you looking at bigger tf? Hma, candle, ma, stoch, rsi, all of them pointing the same direction?
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