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Trading Made Simple(r)

  • #501
  • Edited 3:11am Jun 25, 2019 2:42am | Edited 3:11am
Quoting Malony
{quote} Straight into resistance and divergence. Keep going million dollar man.
There are SR-levels everywhere. If you care too much about this you miss out on a lot of trades .
I think catching of the momentum, follow the trend, and trade management (f.eks. how to exit) are more important.
  • #502
  • Jun 25, 2019 2:44am Jun 25, 2019 2:44am
Quoting Malony
{quote} Straight into resistance and divergence. Keep going million dollar man.

here is where I see support and resistance ... low risk idea can become a big win...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1 support and resistance 25-06-2019 15-38-34.png Size: 47 KB


LOL for someone who can't trade, Malony sure has a lot to comment ... short sighted trader talk about divergence...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #503
  • Edited 2:55am Jun 25, 2019 2:45am | Edited 2:55am
Two ongoing trades I have:

GBPNZD 4H (Yes, entry is into support but I don't care too much. I will exit early if the price coming back)

Attached Image (click to enlarge)
Click to Enlarge Name: 20190624GBPNZDH4.png Size: 69 KB


USDJPY 4H

Attached Image (click to enlarge)
Click to Enlarge Name: 20190625USDJPYH4.png Size: 51 KB
  • #504
  • Jun 25, 2019 2:45am Jun 25, 2019 2:45am
Quoting kirinda
{quote} There are SR-levels everywhere. If you care too much about this you miss out on a lot of trades . I think catching of the momentum and trade management (f.eks. how to exit) is more important.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #505
  • Jun 25, 2019 3:31am Jun 25, 2019 3:31am
Just took a short on EUR/aud
Attached Image (click to enlarge)
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  • #506
  • Jun 25, 2019 4:27am Jun 25, 2019 4:27am
Have taken a Eur/Usd short. A close below 1.1370 might have been a better entry, but the sum total of the attributes of the taken trade made it worth a small risk. This pair appears to be very attached to the 1.1400 level, and if current candle doesn't make a new L I will close trade. If it then breaks to the downside so be it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 69 KB
Vincit qui se vincit.
  • #507
  • Jun 25, 2019 4:33am Jun 25, 2019 4:33am
AUDUSD Jun 25 H4 ... low risk idea...

let's see what happens in the next 3 hours till NY opens

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Jun 25 H4 CONTINUATION 25-06-2019 17-29-43.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #508
  • Jun 25, 2019 5:17am Jun 25, 2019 5:17am
Quoting Pippopotamus
Have taken a Eur/Usd short. A close below 1.1370 might have been a better entry, but the sum total of the attributes of the taken trade made it worth a small risk. This pair appears to be very attached to the 1.1400 level, and if current candle doesn't make a new L I will close trade. If it then breaks to the downside so be it. {image}
Despite the new L having been made, I have closed this trade. No confidence.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 70 KB
Vincit qui se vincit.
  • #509
  • Jun 25, 2019 5:32am Jun 25, 2019 5:32am
Quoting emmanuel7788
{quote} Hi RH HeikenAshi HA + Synergy Average Price Bar APB I am studying your chart templates setup and notice your use of both the HeikenAshi and the Synergy APB candles to be a brilliant idea. Kind of new discovery of price change.... Good job.
Thank you.
Always a Student, Never a Master - Emulate What Works
  • #510
  • Jun 25, 2019 5:34am Jun 25, 2019 5:34am
Quoting jgadefelth
{quote} Thank You but am refering to the post that you describe your different 2 methods of handling an trade money management vice ? Best regards
What's the number of the post?
Always a Student, Never a Master - Emulate What Works
  • #511
  • Jun 25, 2019 5:53am Jun 25, 2019 5:53am
Quoting RobinHood
{quote} What's the number of the post?

98

Best regards
  • #512
  • Jun 25, 2019 6:32am Jun 25, 2019 6:32am
Will watch to bail early on this one. Many blue candles, especially on H1, and coming up to BRN
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.PNG Size: 64 KB
  • #513
  • Jun 25, 2019 6:42am Jun 25, 2019 6:42am
Quoting gialuan
hi RH, thank you for sharing a great system Can you share a little about managing capital. Many thanks and good health. sorry i use google translate
I am not the right person in my opinion to advise you about managing capital. I use unconventional methods that I would not advise others to use because I have a very high tolerance for risk, and the vast majority of other traders don't. How I manage my capital works for me and every trader has to find what works best for them.

However, I will mention one thing that I do different than most other traders.

I view the dollars that I risk on a trade only as bait when I am risking it. To me, money is the bait that I HAVE TO USE in trading to possibly catch even more money. I do that same thing every day in my business when I buy inventory and that doesn't bother me, so then why then should the same thing bother me when it's used for trading?

I would suggest that most traders should look into this:

Kelly Criterion

https://www.investopedia.com/terms/k/kellycriterion.asp
Always a Student, Never a Master - Emulate What Works
  • #514
  • Jun 25, 2019 6:54am Jun 25, 2019 6:54am
Quoting jgadefelth
{quote} 98 Best regards
2. Small stops and small profit targets but with multiple units

I find an entry that I believe has a high degree of winning such as: the FIRST continuation after a pullback in a trend. I'll exit when the reward is 1, 2, or 3 times the as much as the risk. Risk in this instance is defined by the size of the stop.
Always a Student, Never a Master - Emulate What Works
  • #515
  • Edited 7:38am Jun 25, 2019 7:14am | Edited 7:38am
I told a member in a private message that I would post this for him because you can't send attachments in private messages.

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Always a Student, Never a Master - Emulate What Works
  • #516
  • Jun 25, 2019 7:52am Jun 25, 2019 7:52am
Hi all ,

I got some trade lets see how this will go. Ideas, comments welcome . I know is small , but is a trade Thanks and good trades to all.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 95 KB
  • #517
  • Jun 25, 2019 8:08am Jun 25, 2019 8:08am
Quoting Giedrius
Hi all , I got some trade lets see how this will go. Ideas, comments welcome . I know is small , but is a trade Thanks and good trades to all. {image}
The trade may work, but the Daily chart is still "technically" in an uptrend and ideally, you don't want to trade in the opposite direction of the Daily. See below:

Attached Image (click to enlarge)
Click to Enlarge Name: EA Daily.PNG Size: 92 KB
Always a Student, Never a Master - Emulate What Works
  • #518
  • Jun 25, 2019 8:09am Jun 25, 2019 8:09am
Quoting Giedrius
Hi all , I got some trade lets see how this will go. Ideas, comments welcome . I know is small , but is a trade Thanks and good trades to all. {image}
In in on that sell also

Along with
aud chf
cadchf
chfjpy
  • #519
  • Edited 8:30am Jun 25, 2019 8:17am | Edited 8:30am
Here is an ideal trade set up that I just got into on the 4 hr. GBPJPY chart.

The Daily, Weekly and Monthly charts are all in a down trend.

PLUS, this pair just broke the trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 4 Hr Trade.PNG Size: 100 KB
Always a Student, Never a Master - Emulate What Works
  • #520
  • Jun 25, 2019 8:19am Jun 25, 2019 8:19am
Quoting RobinHood
{quote} The trade may work, but the Daily chart is still "technically" in an uptrend and ideally, you don't want to trade in the opposite direction of the Daily. See below: {image}
Thanks for pointing out RH yours analyze is important.
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