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Trading Made Simple(r)

  • #1,261
  • Jul 11, 2019 12:11am Jul 11, 2019 12:11am
Is this a good entry? Continuation trade in the first 3 bars on the H4, and about 4 of the indicators on the Daily look good (close below yellow, red HMA curve, one stoch below and brown line below purple)
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  • #1,262
  • Jul 11, 2019 12:22am Jul 11, 2019 12:22am
Quoting iwan73
Hi I am not specialist in trading method that RH showed us. To be honest i didnt earn any money in my life using system based on MTF and trend analysis. Thats why i trade system where i dont care about trend. Sometimes i read TMS thread but i am bored of everyday fight between two members. Ones i found this thread about system with simple rules. I have to say i like it and i downloaded template and indis and watch charts in H4 TF. Every time i see potential setup on H4 i look at D1. And do you know what i see? Trend on higher TF is opposite to trend...
Iwan - I'm not 100% sure RH cares about random lines on charts either but the reason for looking at higher/lower time frames are to give context to the trade setup. For eg : if i see a potential reversal setup occurring on the H4, i check the LOWER time frames to ensure there is alignment with the "change" of trend and therefore momentum as trends change from the lower time frames and not the higher time frames. Continuation trades you check both directions (IMHO) so that you know the expectation of the outcome. The market will still decide where it goes, regardless of what we look at and draw on charts but it's our jobs (as traders) to have a positive expectancy on any trade entry - and that can be gathered with whatever suits you personally......I personally think S&R lines should be used to play checkers on and not be in trading at all....(just a little humor folks :0)............................and i REALLY agree with you that the arguments on the other forum has become really boring.
  • #1,263
  • Jul 11, 2019 2:02am Jul 11, 2019 2:02am
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that.

The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking.

Hopefully that will be one of the tweaks that keeps me in green pips.

Cheers
Andy
  • #1,264
  • Jul 11, 2019 3:21am Jul 11, 2019 3:21am
Hi, Robinhood, can you tell me at what time of day do you normally enter trades? Is it during London and New York open or anytime during the day when there is a set-up trade? I'm from Sydney, Australia and our opening times are different from yours. Are you EST or PST time.
Thanks,
Carmen.
  • #1,265
  • Jul 11, 2019 3:53am Jul 11, 2019 3:53am
Quoting gj7rwt
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that. The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking....
Exactly, rather even work on all indicators to be safe or at least for starters until you start to get a feel of the method. Ive noticed in testing the brown RSI is so key to making sure you have the best possible entry. It has saved me before. At least you have picked up where you may have gone wrong!
The more you learn, the more you see
  • #1,266
  • Jul 11, 2019 4:01am Jul 11, 2019 4:01am
Quoting carmelina
Hi, Robinhood, can you tell me at what time of day do you normally enter trades? Is it during London and New York open or anytime during the day when there is a set-up trade? I'm from Sydney, Australia and our opening times are different from yours. Are you EST or PST time. Thanks, Carmen.
I'm in Brisbane there are plenty of trades during the Asian session as per the rules... you just have to trust. RH has said b4 that it doesn't matter what time of the day or week... if the set up is there its there and he enters.
  • #1,267
  • Jul 11, 2019 4:03am Jul 11, 2019 4:03am
Quoting gj7rwt
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that. The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking....

Maybe post some charts so we can see ?
  • #1,268
  • Jul 11, 2019 4:07am Jul 11, 2019 4:07am
Quoting PhillipmC
{quote} Maybe post some charts so we can see ?
I posted them on Monday i believe
  • #1,269
  • Jul 11, 2019 4:09am Jul 11, 2019 4:09am
Just scanned through my charts after the last 4hr candle closed at 08 utc. Cant see new trades to take.

Anyone seeing anything that follows the rules?
  • #1,270
  • Jul 11, 2019 4:20am Jul 11, 2019 4:20am
Quoting gj7rwt
Just scanned through my charts after the last 4hr candle closed at 08 utc. Cant see new trades to take. Anyone seeing anything that follows the rules?
nope.. cant see anything here either. im just in GN EN atm..

both in the green atm... and have been able to reduce risk by 50%

Kicking my self a little atm as most of the charts that i did post yesterday ended in the green and still going o well just gives me more confidence next week
  • #1,271
  • Jul 11, 2019 4:21am Jul 11, 2019 4:21am
Quoting gj7rwt
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that. The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking....

I don't use this method, but I do have a lot of experience with the Genesis Matrix, but take this for what it's worth.

One reason that I don't use the Matrix any longer is for (mainly) the reason you mention....it takes a long time for all 4 of the Matrix members to agree. Sometimes that's good because it helps to keep you from getting into a bad trade, but very often waiting for all 4 to agree ends in a late entry. Not only that, once you've entered, if one changes colour, then you may be inclined to exit the trade which could mean that you're getting out of the trade too early! Generally speaking, the more indicators you add, (and remember that the Matrix is comprised of 4 indicators) the more you have to wait for everything to align before you enter. But, once they ARE all aligned, that doesn't necessarily mean that the trade is going to fly. It might, and it might not. Your entry might be late, for example.

Xaphod did great work on creating the Genesis Matrix, but, imo, a few well chosen indicators, once completely understood, can be a great help to the trader. Too many indicators can lead to hesitation and indecision. The old saying of 'Too many cooks spoil the broth' rings true here.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,272
  • Jul 11, 2019 4:30am Jul 11, 2019 4:30am
Quoting RobinHood
This is why I like trading 4 Hr. and Daily Charts. NO STRESS and NO BEING GLUED TO THE SCREEN ALL DAY (These trades are based on a new combination of indicators that I am testing, all of which are contained in Template 1, the same trades I talked about earlier). {image}

How is it going with this, still perform really well RH ?

Best regards
  • #1,273
  • Jul 11, 2019 4:37am Jul 11, 2019 4:37am
Thanks, PhillipmC.
Glad there's someone from Aus here.
  • #1,274
  • Jul 11, 2019 5:25am Jul 11, 2019 5:25am
Potential for long CHFJPY
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The more you learn, the more you see
  • #1,275
  • Jul 11, 2019 6:09am Jul 11, 2019 6:09am
Hi
Anybody shorted AUDJPY, EURJPY, CADJPY today? they all hit my SL! i want to know did i do something wrong?

Regards
  • #1,276
  • Jul 11, 2019 6:29am Jul 11, 2019 6:29am
Quoting Marcusv007
Potential for long CHFJPY {image}
And maybe AUDCAD, GBPCHF, GBPAUD, GBPCAD and many other pairs lol. about 1 hour later there will be more positions to buy

Good Luck
  • #1,277
  • Jul 11, 2019 6:35am Jul 11, 2019 6:35am
Quoting paroucia
{quote} And maybe AUDCAD, GBPCHF, GBPAUD, GBPCAD and many other pairs lol. about 1 hour later there will be more positions to buy Good Luck

the only 'best' H4 sell CROSSOVER I saw was 2 hr 30 mins ago.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,278
  • Jul 11, 2019 7:34am Jul 11, 2019 7:34am
Quoting emmanuel7788
{quote} the only 'best' H4 sell CROSSOVER I saw was 2 hr 30 mins ago. {image}
On H4 it looks ok. All conditions are met. But on D1 it is different story. HMA is above MA, blue candle, one stoch above 50.
  • #1,279
  • Edited 8:24am Jul 11, 2019 8:09am | Edited 8:24am
Quoting Islom1
Robin Hood, thanks for such a system, can I ask for help? Can you know when you will be open a deal so that people like me can begin to teach you when a deal is open? For grammar sorry
I just shorted the EURCAD on the 4 Hr. chart.

Right now my risk is about 35 pips.

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Always a Student, Never a Master - Emulate What Works
  • #1,280
  • Jul 11, 2019 8:51am Jul 11, 2019 8:51am
Quoting gj7rwt
Unfortunately it's red pips for me this week so far. But as I am only testing this method to find what works for me I have kept the trades small and when viewed account wise it's only a 0.68% drop and i can easily live with that. The trades I took all married up well with the conditions set by RH but I did notice that there was always 1 indicator in the matrix ea that didn't line up with the trade. Mostly it was the tvi that was different. I am now going to include in the method that all indicators in the matrix are in line with the trade I am taking....
Isn't that funny I am up 18.7% this week using this system on the 4 hour. I place a take profit at 2R and trail my stop behind the second candle to keep my losses small. From my observations price quite often makes it to 2R before giving a signal to get out so I just take a 2R. I'll get back in on a continuation signal for another 2R if it presents itself. Out of 11 trades this week I won 6 & lost 5 (with one still open with 1.25R locked in) and didn't take a full 1R loss on any of losers
Emotion - it steals your money.
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