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Trading Made Simple(r)

  • #981
  • Jul 3, 2019 9:24am Jul 3, 2019 9:24am
Quoting gj7rwt
It would be interesting as a group to see just how many different 4hr timings we have depending on which broker we use. My times are UTC (GMT) My broker is city index in London 00:00 04:00 08:00 12:00 16:00 20:00

Im forex.com USA
time shifts one hour when daylight savings is in effect so this time of year

8am
12pm
4pm
8pm
midnight
  • #982
  • Jul 3, 2019 9:27am Jul 3, 2019 9:27am
Quoting gj7rwt
It would be interesting as a group to see just how many different 4hr timings we have depending on which broker we use. My times are UTC (GMT) My broker is city index in London 00:00 04:00 08:00 12:00 16:00 20:00
hi, are you trading a live account? I am currently using a demo with global prime because I heard good things about them but being in the UK would prefer a UK broker for the more convenient candle times. If you're trading live any comments on City Index as a broker?
  • #983
  • Jul 3, 2019 9:27am Jul 3, 2019 9:27am
For the "Non-Believers"....Believe it.

Attached Image (click to enlarge)
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Always a Student, Never a Master - Emulate What Works
  • #984
  • Jul 3, 2019 9:35am Jul 3, 2019 9:35am
GBP pushing down more
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  • #985
  • Jul 3, 2019 9:42am Jul 3, 2019 9:42am
Hello RH,
Is this a valid setup? Because in H4 and Daily they agree but in weekly they don't agree. Thanks.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: #W.jpg Size: 219 KB
  • #986
  • Jul 3, 2019 9:44am Jul 3, 2019 9:44am
Quoting Atheos
{quote} hi, are you trading a live account? I am currently using a demo with global prime because I heard good things about them but being in the UK would prefer a UK broker for the more convenient candle times. If you're trading live any comments on City Index as a broker?
Yes I trade a live account. The only thing I would say is that on some of the lesser traded cross currency pairs, the spread becomes a bit too large which tends to put me off trading those currency pairs. Other than that, I've had no problems
  • #987
  • Jul 3, 2019 9:57am Jul 3, 2019 9:57am
Quoting Atheos
{quote} RH - I looked at the buy on the AUDUSD but was put off by resistance at 0.70209. I guess if it breaks through it will really go. What is your philosophy here, make the trade anyway and see where it goes or am I being sensible as an inexperienced trader to see if resistance is broken first? {image}
I don't know whether I am ultimately better off or not, but I NEVER even consider support and resistance lines or areas before entering a trade.

I simply do what the indicators tell me to do. If they are right, then I make money and if they are wrong then I lose some. It's as simple as that.
Always a Student, Never a Master - Emulate What Works
  • #988
  • Jul 3, 2019 10:04am Jul 3, 2019 10:04am
Quoting salimc
Hello RH, Is this a valid setup? Because in H4 and Daily they agree but in weekly they don't agree. Thanks. {image} {image} {image}
I don't review the weekly chart before I enter a trade.

NORMALLY, I get my entry signals from the 4 Hr. chart, but I USUALLY look at the Daily chart first.

Then sometimes that 4 Hr. trade I keep and then if or when the Daily chart gives me a trade in the same direction, I keep it and start following it on the Daily chart.
Always a Student, Never a Master - Emulate What Works
  • #989
  • Jul 3, 2019 10:06am Jul 3, 2019 10:06am
Last H4 Bar open for me was 16:00 Chart time with AxiTrader (Aus).
That was 13:00 GMT and 09:00 NY.
  • #990
  • Jul 3, 2019 10:18am Jul 3, 2019 10:18am
Quoting RobinHood
{quote} I don't review the weekly chart before I enter a trade. NORMALLY, I get my entry signals from the 4 Hr. chart, but I USUALLY look at the Daily chart first. Then sometimes that 4 Hr. trade I keep and then if or when the Daily chart gives me a trade in the same direction, I keep it and start following it on the Daily chart.
I also don't look at the weekly. So according to 4H and Daily the entry was correct? Thanks.
  • #991
  • Jul 3, 2019 10:49am Jul 3, 2019 10:49am
Quoting RobinHood
{quote} I don't know whether I am ultimately better off or not, but I NEVER even consider support and resistance lines or areas before entering a trade. I simply do what the indicators tell me to do. If they are right, then I make money and if they are wrong then I lose some. It's as simple as that.
A simple answer, thank you.

Have had mixed success so far; not the system, more just discipline and missing some good opportunities because of work/family etc. I have come to realise that you just have to keep dipping your toe in, if it turns out to be the wrong time, take a small loss; very soon you will strike the right trade and that will more than cover all the little losses.

Currently my best trade so far and could go further - GBPCAD h4

Thanks for the time you are putting into this RH.
Attached Image (click to enlarge)
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  • #992
  • Jul 3, 2019 11:01am Jul 3, 2019 11:01am
Eur aud just fell so hard ! Good pips there you guys
  • #993
  • Jul 3, 2019 11:29am Jul 3, 2019 11:29am
I have mentioned before that I used to create computerized mechanical trading systems and write the code.

16 years ago I moved to another state 500 miles away and not being sure if I would stay there, I put all of my trading stuff in mini storage.

Just recently I finally got the stuff out of storage and I came across the name of my first website (which I had forgotten) that I created back in 2001.

There is a website that catalogs all websites called web.archive.org aka The Wayback Machine which has my old website on it.

I thought some of you might find it interesting reading.

Here's the website:

Home Page:

https://web.archive.org/web/20010802...com/index.html

About:

https://web.archive.org/web/20030401...om/aboutus.htm

Pricing:

https://web.archive.org/web/20010803...com/page9.html
Always a Student, Never a Master - Emulate What Works
  • #994
  • Jul 3, 2019 12:01pm Jul 3, 2019 12:01pm
Quoting RobinHood
I have mentioned before that I used to create computerized mechanical trading systems and write the code. 16 years ago I moved to another state 500 miles away and not being sure if I would stay there, I put all of my trading stuff in mini storage. Just recently I finally got the stuff out of storage and I came across the name of my first website (which I had forgotten) that I created back in 2001. There is a website that catalogs all websites called web.archive.org aka The Wayback Machine which has my old website on it. I thought some of you might...
So you have end selling the system ? ...is it the same method we are using right now ?
  • #995
  • Jul 3, 2019 12:02pm Jul 3, 2019 12:02pm
Quoting Atheos
{quote} A simple answer, thank you. Have had mixed success so far; not the system, more just discipline and missing some good opportunities because of work/family etc. I have come to realise that you just have to keep dipping your toe in, if it turns out to be the wrong time, take a small loss; very soon you will strike the right trade and that will more than cover all the little losses. Currently my best trade so far and could go further - GBPCAD h4 Thanks for the time you are putting into this RH. {image}
That's true!

Congratulations on a making a really good trade! Lots more will come if you stick with it AND DON'T OVERTHINK THE TRADES, just do what the indicators are telling you to do.
Always a Student, Never a Master - Emulate What Works
  • #996
  • Jul 3, 2019 1:00pm Jul 3, 2019 1:00pm
Quoting handysniper
{quote} So you have end selling the system ? ...is it the same method we are using right now ?
No, what we trade now is not in any way related to those systems.

I was trading commodities and Futures back then, not the Forex.
Always a Student, Never a Master - Emulate What Works
  • #997
  • Jul 3, 2019 1:03pm Jul 3, 2019 1:03pm
I am closing all of my trades early because I am having a 4th of July party at my house with about 12 guests for the next 5 days starting today and I won't be able to trade any.
Always a Student, Never a Master - Emulate What Works
  • #998
  • Jul 3, 2019 1:06pm Jul 3, 2019 1:06pm
Have a great 4th RH. Thanks again for everything.
  • #999
  • Jul 3, 2019 1:18pm Jul 3, 2019 1:18pm
Quoting Backspin
Have a great 4th RH. Thanks again for everything.
Thanks! You too!
Always a Student, Never a Master - Emulate What Works
  • #1,000
  • Jul 3, 2019 1:57pm Jul 3, 2019 1:57pm
Quoting RobinHood
{quote} Thanks! You too!

Have a great party for the 4th and good break from the 4h charts !! Thnaks for all your care and share....


Enjoy time with family and friends .. happy birthday America


cheers !
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