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  • #1,441
  • Jul 15, 2019 10:26am Jul 15, 2019 10:26am
Quoting OnAJourney
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...
Totally agree ! Sometimes more indicators does damage and influences thinking we have more confidence and confluence

lets share are trade entries and stop levels here this week , or in the telegram channel for quicker messaging

@RobinHood_tradingsystem
  • #1,442
  • Jul 15, 2019 10:31am Jul 15, 2019 10:31am
Quoting lddd
@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...
I don't have the time or energy to answer all these questions. Everything you really need to know about my trading methods are on page 1, post #1.
Always a Student, Never a Master - Emulate What Works
  • #1,443
  • Jul 15, 2019 10:36am Jul 15, 2019 10:36am
Here's one of my favorite stories. I can't remember if I have posted it before and don't feel like looking through 70 pages to find out.

The Jade Master' is a story in a book by Ed Seykota called 'The Trader's
Window.' It's about a young man who didn't know what to do with his life."

The Jade Master

"He had heard about a man known as the jade master who lived about five miles
away. One day the young man said to himself, 'Even though it's winter, I'm
going to visit the jade master and learn all about jade.'"

"So he walks five miles through the snow and bitter cold. Finally he comes to
the jade master's house and knocks on the door. An old man with a broom in his
hand opens it. 'Yes? What can I do for you?'"

"The young man says, 'I've come to learn about jade. Would you take me as your
student?'"

"'Sure,' the old man says. 'Come on in.'"

"Inside the house the jade master makes the young man a cup of green tea, then
presses a green stone into his hand. 'Hold that while we talk,' he says. And
as they sip their tea on this cold winter day, the old man begins telling a
story about a green tree frog."

"The young man becomes very impatient. He doesn't want to hear about tree
frogs. 'Excuse me,' he says, 'I came here to learn about jade.'"

"'Oh, excuse me,' the old man says, 'Why don't you come back next week?'"

"Puzzled, the young man heads for home. The following week he trudges all the
way back through five miles of cold snow. The old man opens the door and lets
him in. He makes the hot tea, presses this green stone into the student's hand,
and again begins to talk about a green tree frog."

"This time the young man is able to listen a little bit longer. Finally he
says, 'Excuse me, but I came here to learn about jade.' He thinks the old man
is going senile on him."

"'Oh, excuse me,' the jade masters says, 'Maybe you'd better just go home now
and come back next week.'"

"This went on all winter long, and each time the young man returned, he would
interrupt the jade master less and less. In the meantime, he learned a few
things. He now knew how to make green tea and how to sweep the kitchen floor
with the broom. As he and the old man became friends, he began to make himself
useful and help with the things that needed to be done."

"As always, the old man would sit down and start talking about the green tree
frog. The young man just listened now, never interrupting until the old man
got tired. Then he would trudge home through five miles of snow and come back
the following week."

"One day he arrived for his weekly visit. It was spring now, much easier to
make the five-mile walk. The jade master opened the door and told him to come
in. As the student sat down, the old man pressed the green stone into his hand
and gave him a cup of green tea. Again he began to tell the story of the green
tree frog."

"Wait a minute,' the young man said. 'This isn't jade.' Suddenly he knew that
the green stone in his hand wasn't jade."
Always a Student, Never a Master - Emulate What Works
  • #1,444
  • Jul 15, 2019 10:42am Jul 15, 2019 10:42am
Quoting paroucia
{quote} Are you sure you're LONG? / anybody long on NZDCHF today? if not why? (except R/S zone) Thanks
NZDCHF, LONG is risky you have previous swing as resistance.
  • #1,445
  • Jul 15, 2019 10:49am Jul 15, 2019 10:49am
Quoting salimc
{quote} Gbpjpy--Taken long position.
I do not see why
  • #1,446
  • Jul 15, 2019 10:53am Jul 15, 2019 10:53am
Quoting Bluejay12
Usd chf sell set up ? What do y’all think ? 120 pip potential ?
USDCHF. H4 is long but Daily is short... I guess you can not take it or wait for H4 to have a Down signal
  • #1,447
  • Jul 15, 2019 11:16am Jul 15, 2019 11:16am
Quoting Bluejay12
{quote} Totally agree ! Sometimes more indicators does damage and influences thinking we have more confidence and confluence lets share are trade entries and stop levels here this week , or in the telegram channel for quicker messaging @RobinHood_tradingsystem
Which telegram channel please?
Begin with the end in mind
  • #1,448
  • Jul 15, 2019 11:53am Jul 15, 2019 11:53am
Quoting RobinHood
Here's one of my favorite stories. I can't remember if I have posted it before and don't feel like looking through 70 pages to find out. The Jade Master' is a story in a book by Ed Seykota called 'The Trader's Window.' It's about a young man who didn't know what to do with his life." The Jade Master "He had heard about a man known as the jade master who lived about five miles away. One day the young man said to himself, 'Even though it's winter, I'm going to visit the jade master and learn all about jade.'" "So he walks five miles through the snow...
really interesting story!
  • #1,449
  • Jul 15, 2019 12:00pm Jul 15, 2019 12:00pm
Quoting jgadefelth
{quote} Offcourse. Do you understand what i am talking about. We add another new position when price goes in our direction. it is sort of opposite to your strategy. You start with 3 units and takes away when it moves in your favor. I thinking about start with one unit and add new units when its move in my direction. Benefits with this from your strategy is at the start we have one unit risk to lose, and when price goes my way i add sort of let yoiur winners run instead of your way there you sort of cut your winners. Best regards

If you're in an H4 trade with a strong daily/weekly trend you may choose to lock in a portion of your profits (say 2/3) and use the other 1/3 to "finance" an add-on trade. Trail the add-on trade s/l bar by bar until break even (leaving the original 2/3) where it was.

If trend continues down on daily/weekly wait for next H4 signal then repeat...
  • #1,450
  • Jul 15, 2019 12:03pm Jul 15, 2019 12:03pm
Eur jpy shirt set up ? Anyone comment ? 121.450

gbp cad short ?

also short on gbpusd ?
  • #1,451
  • Jul 15, 2019 12:10pm Jul 15, 2019 12:10pm
Quoting Bluejay12
Eur jpy shirt set up ? Anyone comment ? 121.450
imo you could open it 2 candles ago by 20 pips upper as a continuous trend.
about GBPUSD: it's uptrend in daily. it's not a good idea to short!
  • #1,452
  • Jul 15, 2019 12:37pm Jul 15, 2019 12:37pm
Quoting RobinHood
{quote} I don't have the time or energy to answer all these questions. Everything you really need to know about my trading methods are on page 1, post #1.
Ok thanks anyways
  • #1,453
  • Jul 15, 2019 12:45pm Jul 15, 2019 12:45pm
Quoting Bluejay12
Eur jpy shirt set up ? Anyone comment ? 121.450 gbp cad short ? also short on gbpusd ?
I'm short on EURJPY and GBPUSD as per the indicators.
Emotion - it steals your money.
  • #1,454
  • Jul 15, 2019 1:02pm Jul 15, 2019 1:02pm
Quoting TheSpoof
{quote} I'm short on EURJPY and GBPUSD as per the indicators.
I am short those two also.
Always a Student, Never a Master - Emulate What Works
  • #1,455
  • Jul 15, 2019 2:01pm Jul 15, 2019 2:01pm
Quoting RobinHood
{quote} I am short those two also.
What time did you enter?

Thanks
  • #1,456
  • Jul 15, 2019 2:12pm Jul 15, 2019 2:12pm
Quoting RobinHood
{quote} I am short those two also.

I shorted all 3 today - GBPUSD, EURJPY and GBPJPY...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,457
  • Jul 15, 2019 2:25pm Jul 15, 2019 2:25pm
Quoting jgadefelth
{quote} Some posts back you was talking about turning 1.5R to 2.5R how is it done ? Are you entering multiple units and if so how ? Are you trailing stops 2 bars back or a different way maybe 1 bar ? Best regards

these old posts I made in the TMS thread may answer your questions.

Post#33,507
https://www.forexfactory.com/showthr...82#post7357782

Post#48,008
https://www.forexfactory.com/showthr...53#post7968153


when I was trading H1 I used trailing by previous 1 bar/candle and found that to be quite effective usually get stopped out after a big price move and the next bar/candle consolidates.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,458
  • Jul 15, 2019 2:25pm Jul 15, 2019 2:25pm
Quoting marcara
{quote} What time did you enter? Thanks
Right after I saw The Spoof's post. And I just entered the GBPJPY right after I saw emmanuel7788's post.

I have been busy doing other stuff most of the day and couldn't monitor the charts too much.
Always a Student, Never a Master - Emulate What Works
  • #1,459
  • Jul 15, 2019 2:41pm Jul 15, 2019 2:41pm
Quoting emmanuel7788
{quote} these old posts I made in the TMS thread may answer your questions. Post#33,507 https://www.forexfactory.com/showthr...82#post7357782 Post#48,008 https://www.forexfactory.com/showthr...53#post7968153 when I was trading H1 I used trailing by previous 1 bar/candle and found that to be quite effective usually get stopped out after a big price...
Hi Emmanuel,

What do you thinkin using Robinhood method on H1 charts?

The idea is using H1 charts instead on H4 charts, so D1 will guide the trade but the trade will be in H1.

Is H1 consistent enough ?

I am thinking in working on H1 charts because:
1) H1 is universal chart for everybody, H4 is not, depends on your data provider.
2) H4, you will need to be the whole day checking for trades; maybe with H1 you can focus 5-6 hours a day (5-6 H1 candles) and have the same trades

Robinhood, obviously your comments will also be great.

Thans in advance
  • #1,460
  • Jul 15, 2019 4:00pm Jul 15, 2019 4:00pm
Following up on my previous post a few pages back, I've spent the past few days manually back-testing this method (instead of using the EA), and indeed the results are quite different. I applied the 3 units method described in post 1382, and actually that helped quite a bit, I quite like that approach. It gives the opportunity to take advantage of bigger cycles, and ensures of not leaving to many pips on the table.

Here are some results that I got, focusing only on the H4 TF:
- AUDNZD 2014: 60%WR, +11.5% gain, average expectancy: 0.58R.
- AUDNZD 2015: 58%WR, +7% gain, average expectancy: 0.18R (got a lot of trades hit 1st target then BE).
- GBPJPY 2016: 70%WR, +22.5% gain, average expectancy: 0.98R.
- EURAUD 2012: 54%WR, +13.3 gain, average expectancy: 0.48R.

I did other pairs, but overall it's interesting to see the difference between my other approach. Also, another thing that I noticed is that, in certain market conditions, the Hull MA just by itself can be intriguingly efficient.
Of course those results are ideal, with the usual caveats that apply: I took a signal regardless of time of day / night, unusual spread or slippage not taken into account, etc. But still.

Looking forward to demo-testing it live
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