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Trading Made Simple(r)

  • #1,161
  • Jul 8, 2019 10:11pm Jul 8, 2019 10:11pm
Good Morning
Just opened long on EURCAD.

Green Pips
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  • #1,162
  • Jul 8, 2019 10:24pm Jul 8, 2019 10:24pm
Quoting paroucia
Good Morning Just opened long on EURCAD. Green Pips{image}
Hi how are you, here is 1:22 a.m.
It seems to me that you got in before of the rules establish, since both, the RSI and one of the stochastics (although it almost goes to the line) are below the 50 line, also the trend is clearly bearish, anyway you can get lucky and maybe the pullback has a good distance, best wishes
  • #1,163
  • Jul 8, 2019 10:50pm Jul 8, 2019 10:50pm
Quoting juantrader
{quote} Hi how are you, here is 1:22 a.m. It seems to me that you got in before of the rules establish, since both, the RSI and one of the stochastics (although it almost goes to the line) are below the 50 line, also the trend is clearly bearish, anyway you can get lucky and maybe the pullback has a good distance, best wishes
Hi Juan
You're absolutely right. but price is on down band(sorry for bad language lol) of TMA on H4 and D1! i decided to take it. i'm looking for pullback.
  • #1,164
  • Jul 8, 2019 10:55pm Jul 8, 2019 10:55pm
Opened long EURAUD
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  • #1,165
  • Jul 8, 2019 11:39pm Jul 8, 2019 11:39pm
Quoting kirinda
{quote} Rob_Trader, what is your method of exit?
I'm not sure yet. The goal is to ride the trend as long as possible.

In backtesting I found out that it can make sense to stay in until 4 criteria are met together:

1) HMA color-change AND
2) Candle color-change AND
3) crossing the MA AND
4) at least 1 indicator crossing the 50-line

However, in the future it may still be possible for me to stay in when the overall time unit is clearly in the direction of the trend.

But I still experiment and backtesting in this regard.
  • #1,166
  • Jul 8, 2019 11:43pm Jul 8, 2019 11:43pm
The key is always to make it SIMPLE. Sometimes we think tooooo complicated.
  • #1,167
  • Jul 8, 2019 11:50pm Jul 8, 2019 11:50pm
Quoting Rob_Trader
{quote} I'm not sure yet. The goal is to ride the trend as long as possible. In backtesting I found out that it can make sense to stay in until 4 criteria are met together: 1) HMA color-change AND 2) Candle color-change AND 3) crossing the MA AND 4) at least 1 indicator crossing the 50-line However, in the future it may still be possible for me to stay in when the overall time unit is clearly in the direction of the trend. But I still experiment and backtesting in this regard.
4criteria RH has 3 dont you see that you come out late and miss more then if you had only 3 criteria ? and on hat timeframe will you get out ?

Best regards
  • #1,168
  • Jul 9, 2019 1:06am Jul 9, 2019 1:06am
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  • #1,169
  • Jul 9, 2019 1:37am Jul 9, 2019 1:37am
Morning, on Day 2 im doing better, yesterday I learnt some key lessons & for anyone that might be interested following on from a chat I saw last night; if you're still getting losses...
Make sure:
1. Wait for the candle bar setup to close after a cross over of Yellow line & HMA and you have the 2 grey lines + RSI brown above the purple 50 line for long or below it for short. Cant stress enough patience is key! otherwise find the correct setup.
2. Make sure you are in a trend if you are not sure maybe look at an indicator to help determine, I found myself over thinking it to such a state I was confused lol

Happy trading!
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The more you learn, the more you see
  • #1,170
  • Jul 9, 2019 2:02am Jul 9, 2019 2:02am
with the market running nice today and now is NY 5am new H4 candle opens you will find a few good trade setups.

Just scan all 28 pairs and look for them... setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,171
  • Jul 9, 2019 2:12am Jul 9, 2019 2:12am
Continuation Trades entered yesterday

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  • #1,172
  • Jul 9, 2019 2:33am Jul 9, 2019 2:33am
Hi
anybody short GBPCHF?
  • #1,173
  • Jul 9, 2019 3:34am Jul 9, 2019 3:34am
Anyone having problems with the news events indicator? Mine doesn't show any events for any currency pair. It was working ok last week

Cheers
Andy
  • #1,174
  • Jul 9, 2019 4:25am Jul 9, 2019 4:25am
Quoting gj7rwt
Anyone having problems with the news events indicator? Mine doesn't show any events for any currency pair. It was working ok last week Cheers Andy
i have same problem with v2v news indi since ysterday!
  • #1,175
  • Jul 9, 2019 4:58am Jul 9, 2019 4:58am
Quoting paroucia
{quote} i have same problem with v2v news indi since ysterday!
I wonder if we use the same brokers? Mine is City Index
  • #1,176
  • Jul 9, 2019 5:05am Jul 9, 2019 5:05am
Current trade:
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  • #1,177
  • Jul 9, 2019 5:33am Jul 9, 2019 5:33am
Hi emmanuel 7788, how do you scan the pairs? Is there a quick way of doing it?
Thanks in advance,
Carmen.
  • #1,178
  • Jul 9, 2019 5:41am Jul 9, 2019 5:41am
Quoting gj7rwt
{quote} I wonder if we use the same brokers? Mine is City Index
Mine is Alpari : )
/
7 of 8 position are in profit and BE. that one hit SL because it was wrong position! What a beautiful day.
Keep an eye on GBPNZD, GBPCAD and EURCHF. positions are comming.

Green Pips to All
  • #1,179
  • Jul 9, 2019 6:20am Jul 9, 2019 6:20am
Quoting gj7rwt
Anyone having problems with the news events indicator? Mine doesn't show any events for any currency pair. It was working ok last week Cheers Andy
Don't know if this helps but I use NewsCal-v-108a and had to change the Forexfactory URL some time back to get it to keep working. https://cdn-nfs.faireconomy.media/ff...r_thisweek.xml
  • #1,180
  • Jul 9, 2019 6:59am Jul 9, 2019 6:59am
UJ H4 ready for short trend brother. retracement is coming.
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A good trade comes with a good assessment
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