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  • #1,421
  • Jul 15, 2019 6:59am Jul 15, 2019 6:59am
Quoting RobinHood
{quote} I want to say this as politely as I can. I have THUS FAR ONLY taught the BASICS of my methods, but I have not YET taught the more ADVANCED things. If I did, it would be WAY TOO OVERWHELMING for 97% of the traders here. MAYBE some day I will expose more of how I do what I do, and how I see what I see, but not now.
WOW
Madness is coming
  • #1,422
  • Jul 15, 2019 7:01am Jul 15, 2019 7:01am
Quoting RobinHood
{quote} I want to say this as politely as I can. I have THUS FAR ONLY taught the BASICS of my methods, but I have not YET taught the more ADVANCED things. If I did, it would be WAY TOO OVERWHELMING for 97% of the traders here. MAYBE some day I will expose more of how I do what I do, and how I see what I see, but not now.

Am sorry but i fail to see the purpose of this post So you know more advanced things, but ok so you probably not gonna tell us and if you do am sure we will know. I fail to understand why you make this post ?

Best regards
  • #1,423
  • Jul 15, 2019 7:19am Jul 15, 2019 7:19am
Quoting jgadefelth
{quote} Am sorry but i fail to see the purpose of this post So you know more advanced things, but ok so you probably not gonna tell us and if you do am sure we will know. I fail to understand why you make this post ? Best regards
It's very simple. I was responding to marcara in post 1416 who wrote:

Thanks, I do not understand the rationalle behind AUDUSD, NZDUSD Down.

NZDUSD is close to previous swing and also has the SMA200 as resistance, but If you would like to take a H4 short, Don't you need confirmation from the daily chart? I mean daily indicators below 50, daily redcandle at least ..

Same for AUDUSD
Always a Student, Never a Master - Emulate What Works
  • #1,424
  • Jul 15, 2019 7:51am Jul 15, 2019 7:51am
Quoting scsstnt
Excellent,my friend I have with pleasure read all of Eric's information and thank you for understanding and appreciating his psychology in trading.Thiis very good work and thank you RH.
I think the entire process that you mentioned is far too complex for the rookies and even the advanced level guys would hardly be able to adopt it. I simply suggest to you use daily chart with 20 SMA. Buy on close above the 20 DMA and vice versa. Manage the risk wisely and you will see fair returns.
Stuffed Pips
  • #1,425
  • Jul 15, 2019 7:51am Jul 15, 2019 7:51am
Quoting RobinHood
{quote} It's very simple. I was responding to marcara in post 1416 who wrote: Thanks, I do not understand the rationalle behind AUDUSD, NZDUSD Down. NZDUSD is close to previous swing and also has the SMA200 as resistance, but If you would like to take a H4 short, Don't you need confirmation from the daily chart? I mean daily indicators below 50, daily redcandle at least .. Same for AUDUSD
Dear RH
in previous page i noticed you didn't mention EURGBP pair as a possibility position to open. so do you think i did something wrong for opening long on this pair?

Regards
Attached Image (click to enlarge)
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  • #1,426
  • Jul 15, 2019 7:57am Jul 15, 2019 7:57am
sir i want ask about us stock
if i buy netflix 1lot (minimum trading) 201.00 n price up 205.50...i have profit 4.5usd its right?

1lot :10netflix

cmiw?
  • #1,427
  • Jul 15, 2019 7:58am Jul 15, 2019 7:58am
Quoting paroucia
{quote} Dear RH in previous page i noticed you didn't mention EURGBP pair as a possibility position to open. so do you think i did something wrong for opening long on this pair? Regards {image}
Look at it on a 4 hr. chart. For nearly a month it has been moving like it's psychotic.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 4 Hr..JPG Size: 254 KB
Always a Student, Never a Master - Emulate What Works
  • #1,428
  • Jul 15, 2019 8:06am Jul 15, 2019 8:06am
Quoting andriyog
sir i want ask about us stock if i buy netflix 1lot (minimum trading) 201.00 n price up 205.50...i have profit 4.5usd its right? 1lot :10netflix cmiw?
Yes.

I trade stocks too.

Netflix is in deep trouble in my opinion. Several large media companies like Disney are starting their own subscription services similar to Netflix AND more importantly, they are not going to allow Netflix to show their media products any more.

Disney has, to the best of my recollection, had the top 3 grossing movies in 2015, 2016, 2017 and 2018. Imagine what taking that away (and the similar) from Netfilx will do to Netflix's subscriber base.
Always a Student, Never a Master - Emulate What Works
  • #1,429
  • Jul 15, 2019 8:12am Jul 15, 2019 8:12am
Quoting RobinHood
{quote} Yes. I trade stocks too. Netflix is in deep trouble in my opinion. Several large media companies like Disney are starting their own subscription services similar to Netflix AND more importantly, they are not going to allow Netflix to show their media products any more. Disney has, to the best of my recollection, had the top 3 grossing movies in 2015, 2016, 2017 and 2018. Imagine what taking that away (and the similar) from Netfilx will do to Netflix's subscriber base.

But almost all series that are made comes from netflix it seems the good ones anyway

Best regards
  • #1,430
  • Jul 15, 2019 8:13am Jul 15, 2019 8:13am
Quoting paroucia
{quote} Dear RH in previous page i noticed you didn't mention EURGBP pair as a possibility position to open. so do you think i did something wrong for opening long on this pair? Regards {image}
From my point of view, check the daily chart: 1) The UP trend is quite long 2) Check on your left in the daily chart, there is an important area of resistance.
  • #1,431
  • Jul 15, 2019 8:41am Jul 15, 2019 8:41am
Quote
Quoting RobinHood
Quote
{quote} I want to say this as politely as I can. I have THUS FAR ONLY taught the BASICS of my methods, but I have not YET taught the more ADVANCED things. If I did, it would be WAY TOO OVERWHELMING for 97% of the traders here. MAYBE some day I will expose more of how I do what I do, and how I see what I see, but not now.

I felt that something else was under the "hood', but anyway, thank you RH for your inputs, I am starting trading this 'method" and maybe in the future I can learn and apply some of the "ADVANCED" tricks if you share it. Thanks
"Great Men are not born great, They Grow Great."
  • #1,432
  • Jul 15, 2019 8:48am Jul 15, 2019 8:48am
Quoting marcara
{quote} From my point of view, check the daily chart: 1) The UP trend is quite long 2) Check on your left in the daily chart, there is an important area of resistance.
Looking at the Daily chart it does look like it's going to go way higher, and a 4 hr. entry one candle back would have been correct. But almost all of my trades start on the 4 hr. chart and I don't like trading in that sloppy mess that I see on that 4 hr. chart if you look to the left.
Always a Student, Never a Master - Emulate What Works
  • #1,433
  • Jul 15, 2019 8:54am Jul 15, 2019 8:54am
Quoting MyProfit
[url="https://www.forexfactory.com/showthread.php?p=12382604#post12382604"]{quote} I felt that something else was under the "hood', but anyway, thank you RH for your inputs, I am starting trading this 'method" and maybe in the future I can learn and apply some of the "ADVANCED" tricks if you share it. Thanks
It's not that I don't want to share more.

It's that it's so COMPLICATED that I would do nothing but have to answer questions 24/7 and I can't do that.

It would be like trying to teach Elliott Wave Theory to people who have not even ever heard of it.

What I have shared so far is enough that almost anyone who studies and applies it should be able to trade the Forex successfully using it.
Always a Student, Never a Master - Emulate What Works
  • #1,434
  • Jul 15, 2019 9:18am Jul 15, 2019 9:18am
Quoting RobinHood
Here's what I am watching VERY closely: AUDUSD NZDUSD EURNZD EURAUD NZDCAD GBPNZD NZDJPY They ALL are at EXTREMES and they ALL are LIKELY setting up for big reversals on the 4 hr. charts. Of the 7, I these 4 the best: AUDUSD NZDUSD EURNZD EURAUD Of those 4, the NZDUSD is at the most extreme and MAY be the first one of the 4 to turn down.

Agree with the nzdusd looks like a good sell at .67200 level

Tap around .66100

stoctastics still far from the purple 50 split line
  • #1,435
  • Jul 15, 2019 9:23am Jul 15, 2019 9:23am
Usd chf sell set up ? What do y’all think ? 120 pip potential ?
  • #1,436
  • Jul 15, 2019 9:28am Jul 15, 2019 9:28am
@RobinHood, do you look at market condition before or after your methods entry rules are giving you a signal?

And could you tell me what exactly you do here to analyse a market condition you want to take a signal in and what you want to skip.

So for example do you look at the charts from the complete left to right side every time you get a signal or do you look at it like everytime whenever you look at a chart (without indicators giving a signal).

I ask so because i find it extremely hard to find any efficient practice here.

So let’s say I want to learn your method focusing on one currency pair only first, now if the market condition for that market is simply a mess (no trending condition) I would probably have nothing to trade at all and therefor also nothing to learn as well.
  • #1,437
  • Jul 15, 2019 9:34am Jul 15, 2019 9:34am
Quoting RobinHood
{quote} The reason that I don't use traditional support and resistance lines/areas (except in rare instances) is because sometimes they work and sometimes they don't. Which means that they are not reliable enough for me to use to make trading decisions off of. It's like having a car that starts sometimes, and it doesn't at other times, but you never know when either will happen. You most likely wouldn't keep that car and so it's the same thing with traditional support and resistance lines/areas for me. The rare times when I become "aware" of support...
Thanks for your explanation.
  • #1,438
  • Jul 15, 2019 9:39am Jul 15, 2019 9:39am
Quoting RobinHood
Here's what I am watching VERY closely: AUDUSD NZDUSD EURNZD EURAUD NZDCAD GBPNZD NZDJPY They ALL are at EXTREMES and they ALL are LIKELY setting up for big reversals on the 4 hr. charts. Of the 7, I these 4 the best: AUDUSD NZDUSD EURNZD EURAUD Of those 4, the NZDUSD is at the most extreme and MAY be the first one of the 4 to turn down.
Gbpjpy--Taken long position.
  • #1,439
  • Jul 15, 2019 9:50am Jul 15, 2019 9:50am
Quoting salimc
{quote} Gbpjpy--Taken long position.
Are you sure you're LONG?

/

anybody long on NZDCHF today? if not why? (except R/S zone)
Thanks
  • #1,440
  • Jul 15, 2019 10:19am Jul 15, 2019 10:19am
I'm waiting here for this pair. I used to lose money to the volatility on GBPNZD. Not anymore. My alerts are set and will most likely put in BUY orders on "news" later today depending on what happens. I've learned to disregard the noisy distractions out there... including a lot of indicators and threads and expensive trading systems. The rules that RobinHood has put forth work. If we don't like what he's showing us, we're all free to move on, but as far as I'm concerned, if you have instinct and insight and follow his rules (and the pairs he mentioned he's watching at the moment) we all stand to make a lot of pips this week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.PNG Size: 191 KB
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