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Trading Made Simple(r)

  • #1,321
  • Jul 12, 2019 12:25pm Jul 12, 2019 12:25pm
Opened another Trade:

EURNZD
Reason: Continuation after blue Candle. Waited on 1min chart to change direction. Developing CO on the Daily in overall trenddirection.
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  • #1,322
  • Jul 12, 2019 1:33pm Jul 12, 2019 1:33pm
My first post anywhere .. ever .. but just wanted to show some appreciation .. just to put into context, I have never seen more than 4-5 pips mostly because I could never consider these longer time frames and a 'nervous nelly' most of the time.

I REALLY like this strategy! .. Thank you
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  • #1,323
  • Jul 12, 2019 2:35pm Jul 12, 2019 2:35pm
Thank you RobinHood
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  • #1,324
  • Jul 12, 2019 3:38pm Jul 12, 2019 3:38pm
Quoting chrisoko
Thank you RobinHood {image}
You entered a little late! But you took it!
  • #1,325
  • Jul 12, 2019 3:53pm Jul 12, 2019 3:53pm
Quoting paroucia
{quote} You entered a little late! But you took it!
I think he entered properly a little late from the crossover but waited till the indicators were under the 50% line..
Still a little confused by this as I posted a few charts during the week and people said the same thing to me 3 candles to late and so on.. but when I reviewed the trades a couple of days later they would of been all in profit.. at least at B.E. and went on to do at least 1:1 RR

Anyway this was the first week I solely traded this strat and I am please to say I have actually had my first profitable week since January trading
Total made 4.5% on my account just using this strat alone looking forward to next week and posting charts again..

A big thank you to RH I now spend allot less time at the charts and more time living lol plus I make money.
  • #1,326
  • Jul 12, 2019 4:40pm Jul 12, 2019 4:40pm
Quoting PhillipmC
{quote} I think he entered properly a little late from the crossover but waited till the indicators were under the 50% line.. Still a little confused by this as I posted a few charts during the week and people said the same thing to me 3 candles to late and so on.. but when I reviewed the trades a couple of days later they would of been all in profit.. at least at B.E. and went on to do at least 1:1 RR Anyway this was the first week I solely traded this strat and I am please to say I have actually had my first profitable week since January trading...

What was your risk per trade and how many trades winners and losers BE ? and risk to reward ratio ?

Best regards
  • #1,327
  • Jul 12, 2019 5:00pm Jul 12, 2019 5:00pm
Quoting 40PipsAlan
Just took a short on EUR/USD? Too soon maybe Comments guys? {image}
Take a look at the daily candles.. I think EU is starting an up trend.
  • #1,328
  • Jul 12, 2019 5:12pm Jul 12, 2019 5:12pm
some people will say you average down and add to a losing trade... which I would disagree with. Good trading![/quote]
Yep - those that average down may get away with it once or twice but they don't last long in this game........adding to a winning position using the markets money however is a really good way to use OPM to make some for yourself!! (JMHO)
  • #1,329
  • Jul 12, 2019 5:40pm Jul 12, 2019 5:40pm
Yes true . Sometimes we enter With this Method and trade goes not your way , wait a day or 2 and it snaps back . I entered a few trades Monday and Tuesday , they sat still or draw down a little bit by today’s end I got 200 pips , stress free check chart every 4 and move stop manually to protect
  • #1,330
  • Jul 12, 2019 5:45pm Jul 12, 2019 5:45pm
Quoting jgadefelth
{quote} What was your risk per trade and how many trades winners and losers BE ? and risk to reward ratio ? Best regards

You can take a look, notice the first 3 losing trades were on a Monday most of my loosing trades were my own fault and not the strat as for some unknown reason i did not follow the rules

the first part of the week i risked 1.5% on average.. when i was in the green then i went down to .5% risk per trade because i wanted to stay green as my trading has not been going well until i started the method.. interesting tho if i had of stuck and trusted the strat i would of ended the week really nicely.. and further in profit but im sure as time goes on i will get more and more confident each week.

ps all of my trades i enter in Asian session mostly as i live in Australia.
when i look back on the charts there were so many set ups while i was asleep lol.
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  • #1,331
  • Jul 12, 2019 5:48pm Jul 12, 2019 5:48pm
Quoting Bluejay12
Yes true . Sometimes we enter With this Method and trade goes not your way , wait a day or 2 and it snaps back . I entered a few trades Monday and Tuesday , they sat still or draw down a little bit by today’s end I got 200 pips , stress free check chart every 4 and move stop manually to protect
thats one of the best things about this method is reducing risk every 4hrs gives me good confidence.
  • #1,332
  • Jul 12, 2019 5:52pm Jul 12, 2019 5:52pm
Did you trail your stop as an target also and use the indicators to get out also what ever comes first as per RH rules ?

Did you trade 4h and looked at direction on Daily ? I look forward to see your result for next week i hope it will be even more impressive

It looks like u using a 1:1 risk reward why ?

Best regards
  • #1,333
  • Jul 12, 2019 6:39pm Jul 12, 2019 6:39pm
Quoting jgadefelth
Did you trail your stop as an target also and use the indicators to get out also what ever comes first as per RH rules ? Did you trade 4h and looked at direction on Daily ? I look forward to see your result for next week i hope it will be even more impressive It looks like u using a 1:1 risk reward why ? Best regards
Well if im totally honest with my self i was taking 1:1 because of FEAR i have not had a great run this year so at the beginning of the week i decided i would take 3 profit points 1:1 1:2 1:3.. i was trailing my stop two candles back from current candle. i really wanted to lock in profits for the week and didn't want to giveback to the market. Next week i think ill be more confident
  • #1,334
  • Jul 12, 2019 9:58pm Jul 12, 2019 9:58pm
Quoting PhillipmC
{quote} Well if im totally honest with my self i was taking 1:1 because of FEAR i have not had a great run this year so at the beginning of the week i decided i would take 3 profit points 1:1 1:2 1:3.. i was trailing my stop two candles back from current candle. i really wanted to lock in profits for the week and didn't want to giveback to the market. Next week i think ill be more confident
Phillip that’s correct . No one wants to give back to the market . Sometimes before Friday night close whips happen . Then Sunday night gap open occurs ... always good to lock in profit / trail stop and just re enter on a pull back for optimal entry
  • #1,335
  • Jul 13, 2019 2:12am Jul 13, 2019 2:12am
Quoting PhillipmC
{quote} I think he entered properly a little late from the crossover but waited till the indicators were under the 50% line.. Still a little confused by this as I posted a few charts during the week and people said the same thing to me 3 candles to late and so on.. but when I reviewed the trades a couple of days later they would of been all in profit.. at least at B.E. and went on to do at least 1:1 RR Anyway this was the first week I solely traded this strat and I am please to say I have actually had my first profitable week since January trading...
When I see this entry you have to wait to second candle after crossing such that all indicators is at rule. In chrisoko's case the entry was later than second candle after crossing. RobinHood wrote the following on first post:

When using the Crossover or Continuation methods for entries, it is best to enter on the 1st, 2nd, or 3rd candle after the HMA Line crosses the Yellow Line. Otherwise, it is usually better to wait for the next trade set-up. This is because, as Big E used to preach, most often candles only run the same colors for 3-8 bars.
  • #1,336
  • Jul 13, 2019 3:17am Jul 13, 2019 3:17am
Quoting kirinda
{quote} When I see this entry you have to wait to second candle after crossing such that all indicators is at rule. In chrisoko's case the entry was later than second candle after crossing. RobinHood wrote the following on first post: When using the Crossover or Continuation methods for entries, it is best to enter on the 1st, 2nd, or 3rd candle after the HMA Line crosses the Yellow Line. Otherwise, it is usually better to wait for the next trade set-up. This is because,...
Actually that makes allot of sense Kirinda, its funny how sometimes we miss stuff like that thank you for clarifying it for me
  • #1,337
  • Jul 13, 2019 4:44am Jul 13, 2019 4:44am
Quoting TheSpoof
{quote} 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

Really great result you have there. you just follow RH rules on everything, excdept you have an target of 2r is that correkt ? Also how big in percent of Account is 1R ?

Best regards
  • #1,338
  • Jul 13, 2019 4:49am Jul 13, 2019 4:49am
Quoting TheSpoof
Oil trade from this week. I trailed my stop using the PSAR. I am debating about using that or behind the second candle The PSAR can potentially keep you into trades longer as it did here. Ignore current position. It was some sort of test thingy on a continuation {image}
Yes but the PASR is sometimes far away from price and if it stops you out there it will be a bigger loss then the to trail the second bar back.

Best regards
  • #1,339
  • Jul 13, 2019 6:16am Jul 13, 2019 6:16am
vae victis, chrisoko, & PhillipmC

You are all welcome and I appreciate you each taking the time to say thanks .

It gives me great pleasure to know that I have helped some struggling traders to start getting profitable. That was my intent from the beginning.

While no method is perfect, I truly believe that this template is nearly as good as it gets. Hopefully, we may even be able to improve it even more with us all working together.

Green pips to everyone!
Always a Student, Never a Master - Emulate What Works
  • #1,340
  • Jul 13, 2019 6:24am Jul 13, 2019 6:24am
Quoting RobinHood
vae victis, chrisoko, & PhillipmC You are all welcome and I appreciate you each taking the time to say thanks . It gives me great pleasure to know that I have helped some struggling traders to start getting profitable. That was my intent from the beginning. While no method is perfect, I truly believe that this template is nearly as good as it gets. Hopefully, we may even be able to improve it even more with us all working together. Green pips to everyone!

Yes maybe by the concept of adding to winning positions, a basket of trades.

Best regards
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