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Trading Made Simple(r)

  • #421
  • Jun 21, 2019 6:10pm Jun 21, 2019 6:10pm
EURGBP Week 25 still going into its 5th week...


will it end next week Jun 24 to 28 as it nears previous months highs?

Weekly

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Daily had 2 days corrections,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #422
  • Jun 21, 2019 7:36pm Jun 21, 2019 7:36pm
Quoting salimc
{quote} It is not Robin Hoods system. He never uses 1 hr TF
oh! Perhaps you have not read this system carefully. Because RobinHood's system can be used any time frame. and you can customize it to suit your trading style. Yeah! Don't be too rigid guys.

Good luck yeah!
  • #423
  • Jun 22, 2019 12:13am Jun 22, 2019 12:13am
Quoting vothanhtung
{quote} oh! Perhaps you have not read this system carefully. Because RobinHood's system can be used any time frame. and you can customize it to suit your trading style. Yeah! Don't be too rigid guys. Good luck yeah!
Yes, you can trade it in any time frame, but in that case the SL will be frequent.
  • #424
  • Jun 22, 2019 12:17am Jun 22, 2019 12:17am
Next weeks set up. There will be a possible reversal and we can go long.
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  • #425
  • Jun 22, 2019 12:19am Jun 22, 2019 12:19am
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  • #426
  • Jun 22, 2019 4:54am Jun 22, 2019 4:54am
Quoting salimc
Next weeks set up. There will be a possible reversal and we can go long. {image} {image}
Quoting salimc
{image}{image}

it is month end trading next week... so a pullback is possible but not likely a reversal

too early to see a reversal on the Weekly. At minimum we should see two weekly bars/candles for a bullish reversal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #427
  • Jun 22, 2019 7:19am Jun 22, 2019 7:19am
Quoting Bluejay12
Hey all, I know we want to stay safe and only place 4h trades that are following the lead direction from D1, so I have attached this TMS color tape so you can see daily trend direction. {file}
Very useful little indicator, many thanks for sharing.
  • #428
  • Jun 22, 2019 8:31am Jun 22, 2019 8:31am
Quoting James1749
{quote} Very useful little indicator, many thanks for sharing.
Here's one you might like even better. Shows the real time Daily Candle direction and shape. The x and y axis can be adjusted to fit it comfortably where you want it.
Attached File(s)
File Type: ex4 TMT - Daily Candle.ex4   28 KB | 643 downloads
  • #429
  • Jun 22, 2019 8:37am Jun 22, 2019 8:37am
Quoting James1749
{quote} Very useful little indicator, many thanks for sharing.
Or this one. Shows the direction of the M15, H1, H4, and D1. You can move this one around too and turn the headings on so you know which is which.
Attached File(s)
File Type: mq4 TRO_Multi_Meter_CandleColor_LuXingMOD.mq4   16 KB | 784 downloads
  • #430
  • Jun 22, 2019 8:41am Jun 22, 2019 8:41am
Quoting James1749
{quote} Very useful little indicator, many thanks for sharing.
Here's an H4 chart with these indis on it.
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  • #431
  • Jun 22, 2019 8:46am Jun 22, 2019 8:46am
Quoting tenthman
{quote} Here's an H4 chart with these indis on it. {image}
I will enjoy updating my templates tomorrow. Many thanks.
  • #432
  • Jun 22, 2019 9:05am Jun 22, 2019 9:05am
Quoting arnawat
Here are my first try. you guys can comment for me Thanks for your kindness RH Sorry for my poor English skill. {image} {image} {image}
In my opinion all the entries are late, I put in the graph the possibles entries points , however I think that you could also enter in the next candle after the entries points marked in the picture too. If RobinHood could correct us, it would be great.
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  • #433
  • Edited 10:14am Jun 22, 2019 9:23am | Edited 10:14am
Quoting juantrader
{quote} In my opinion all the entries are late, I put in the graph the possibles entries points , however I think that you could also enter in the next candle after the entries points marked in the picture too. If RobinHood could correct us, it would be great. {image} {image} {image}
In my opinion, most of the entries are late. The one thing I don't like (provided that I'm correct) is that they aren't using "our" indicators to tell us the Daily direction. But I can't determine the real value of all these indicators showing the daily direction until I can watch them work while the market is open. Otherwise, I appreciate that people are trying to improve on the template.
Always a Student, Never a Master - Emulate What Works
  • #434
  • Jun 22, 2019 6:34pm Jun 22, 2019 6:34pm
Backtesting on several pairs showed fairly good results for me. I’d like to find a way to stay out of the trades when the pair is ranging, but I’ll keep working it.
  • #435
  • Jun 22, 2019 11:41pm Jun 22, 2019 11:41pm
Quoting jpfalls
Backtesting on several pairs showed fairly good results for me. I’d like to find a way to stay out of the trades when the pair is ranging, but I’ll keep working it.
I use only the next higher timeframe. I trade 4h so I use daily to look for ranging pairs. Another method is to use 30sma: if it's flat or close to flat it's a range.
  • #436
  • Jun 22, 2019 11:45pm Jun 22, 2019 11:45pm
Quoting kirinda
{quote} I use only the next higher timeframe. I trade 4h so I use daily to look for ranging pairs. Another method is to use 30sma: if it's flat or close to flat it's a range.
Can you show example please ? havent the range already hurt us when the sma tells us that it is a range ?

Best regards
  • #437
  • Jun 23, 2019 2:33am Jun 23, 2019 2:33am
Hi Guys, this is my first post here and I would like to say thank you to Robinhood for sharing his trading method with us. JPfalls asked a good question about how to stay out of a ranging market. I will tell you how I do it. On your mt4 platform, under " TRENDS "you will find a standard indicator called "STANDARD DEVIATION ".
I set the " period " to 12. Now, each currency pair will have a different setting for the "level". I will give you a couple of levels that I use as examples.
GBPJPY-level set to 0.15000
GBPUSD-level set to 0.0020
Dax- level set to 30.000
US30- level set to 60.000
Now I only take trades when the signal line moves above the level, and with confirmation from Robinhood's indicator, and that keeps me out of ranging markets most of the time. You need to play around with the levels yourself.
I only trade 4HR charts.

Hope i am not disrupting this thread by adding another indicator.

Kind regards all
Gerald
  • #438
  • Jun 23, 2019 2:44am Jun 23, 2019 2:44am
Quoting jpfalls
Backtesting on several pairs showed fairly good results for me. I’d like to find a way to stay out of the trades when the pair is ranging, but I’ll keep working it.
I've been trying to find a way for 30+ years and still have not found it.

I would say that all true trend following systems make money during trends and lose money during ranges. The overall problem is that most markets go from trending to ranging to trending to ranging, but to different degrees and not necessarily in that exact order.

My main goal in trading is to catch good trends, but unfortunately there is no trending without ranging, just like there is no winning without some losing.

The only solution I have found is to take each trade as if the market is going to start trending, and if it doesn't you get stopped out with a small loss (relatively speaking).
Always a Student, Never a Master - Emulate What Works
  • #439
  • Jun 23, 2019 3:03am Jun 23, 2019 3:03am
Hello am new here and just want to share this nice indicator i ve been using, so far its great & doesn't repaint!!!!!!!!!!!!!!
Best use on H4 & above chart...
Best Regard
Attached File(s)
File Type: rar PZ Trend Trading 4.5 indicator.rar   316 KB | 1,263 downloads
File Type: rar PZ Trend Trading 4.5 user's manual.rar   449 KB | 1,111 downloads
  • #440
  • Jun 23, 2019 3:03am Jun 23, 2019 3:03am
I Want Simple Expert Advisor Help.
White Line: 3 prd EMA
Red Line: 0.5% Trailing stop
BUY:
CROSS (White line, Red line)
BUY CLOSE:
CROSS (Red line, White line)
SELL:
CROSS (Red line, White line)
SELL CLOSE:
CROSS (White line, Red line)
EMA and Trailing Stop to be set optimized.
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