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Trading Made Simple(r)

  • #1,961
  • Jul 24, 2019 9:14am Jul 24, 2019 9:14am
Quoting TheSpoof
USDJPY trade taken out via trailing stop for 0.72R Almost got to 2R...didn't quite have the gas to get there. {image}
May I ask how many pips your trailing stop is?
Thx.
D.
  • #1,962
  • Edited 9:39am Jul 24, 2019 9:18am | Edited 9:39am
Quoting DirkH143
{quote} May I ask how many pips your trailing stop is? Thx. D.
Honestly, I don't have a clue and don't care I trail my stop based on the high/low of the HA candles and often in conjunction with PSAR. The only time I may concern myself with pips in my trading is to look at the measurement of price movement over a week to see if there may or may not be room for price to move in my favour. Even then I don't pay attention to it that much - more of a curiosity type thing. I have a real hate on for the obsession traders have with pips
Emotion - it steals your money.
  • #1,963
  • Jul 24, 2019 9:21am Jul 24, 2019 9:21am
Hello everyone, I am new to the forum but I have been trading for 2 years and since this morning I have been passionate about this system and its history (thanks Robin Hood for sharing it with all of us). I am thinking of taking this trade:

http://prntscr.com/ojg9g5

Whato do you think?
tks
  • #1,964
  • Jul 24, 2019 10:08am Jul 24, 2019 10:08am
Quoting TheSpoof
{quote} Honestly, I don't have a clue and don't care I trail my stop based on the high/low of the HA candles and often in conjunction with PSAR. The only time I may concern myself with pips in my trading is to look at the measurement of price movement over a week to see if there may or may not be room for price to move in my favour. Even then I don't pay attention to it that much - more of a curiosity type thing. I have a real hate on for the obsession traders have with pips
Well, whatever suites your trading style. Everybody has a different style. But thanks for the answer.
Back to listening.

D.
  • #1,965
  • Jul 24, 2019 10:34am Jul 24, 2019 10:34am
A little off topic here but this may help some who struggle getting charts whilst out and about away from their main computer.
Earlier today I gave RemotePC a go. It's quick to set up (about 2 minutes) and can be used with Android or iOS. It works very well. All you do is download the program on to your PC and then download the mobile app on to your phone/tablet. The rest is self explanatory. You end up looking at and operating your pc via your mobile device.

The best part about it is it's free if your connecting to just 1 pc all the time.

Hope this helps those who are struggling.

Cheers
Andy
  • #1,966
  • Jul 24, 2019 10:37am Jul 24, 2019 10:37am
Quoting flavio1900
Hello everyone, I am new to the forum but I have been trading for 2 years and since this morning I have been passionate about this system and its history (thanks Robin Hood for sharing it with all of us). I am thinking of taking this trade: http://prntscr.com/ojg9g5 Whato do you think? tks
Hi Flavio1900.
Yes, in fact I also became passionate about this system and the story told, which is why I decided to follow this group.
They are all very good and we Junior can only learn from them.
I saw that you are Italy, I am from neighboring Switzerland.
Hello
Carpe diem, quam minimum credula postero. "Orazio"
  • #1,967
  • Jul 24, 2019 10:49am Jul 24, 2019 10:49am
Not to take away from what RH has going on here, but I have started a journal for anyone who may be interested in how I am trading these methods and for a clearer view of my understanding and experience of trading. I believe all the various incarnations of RH's methodologies being presented here can be quite confusing to new traders - and there seems to be many. I will do most of my trade posting over there so as not to clutter this thread up with my musings beyond RH's methodologies.

https://www.forexfactory.com/showthread.php?t=935347
Emotion - it steals your money.
  • #1,968
  • Jul 24, 2019 11:09am Jul 24, 2019 11:09am
Quoting Ubi.Major
{quote} Hi RobinHood. Thank you for your answer, I understand your advice, I will try to continue reading your messages and understand more and more. I will follow your advice to add "smTMMS Oscillator" to my chart. I see that he uses "smTMMS" also TheSpoof, what a greeting, I see with great pleasure also on the charts where he explains with the screens made very well and understandable for me. Thank you for your kindness
You're welcome. Good luck!
Always a Student, Never a Master - Emulate What Works
  • #1,969
  • Jul 24, 2019 11:47am Jul 24, 2019 11:47am
Oil trade stopped out by that nasty candle. Stop was trailed for a 0.72R loss. Can't win 'em all.
Attached Image (click to enlarge)
Click to Enlarge Name: USOUSDH4.png Size: 53 KB
Emotion - it steals your money.
  • #1,970
  • Jul 24, 2019 12:46pm Jul 24, 2019 12:46pm
Quoting TheSpoof
Oil trade stopped out by that nasty candle. Stop was trailed for a 0.72R loss. Can't win 'em all. {image}
He mine to got stopped out to for only 0.45R.. And it's weird I'm happy with that I had a plan traded it bought my risk down each 4 hours didn't go my way is all..
For anyone struggling out there stick to the rules and don't stop trading the system works u will lose some.. But I have a few great ones going atm and I also missed out on a few great ones because I didn't follow the rules and just didn't like how they looked didn't enter and I missed out on $$$
  • #1,971
  • Jul 24, 2019 1:10pm Jul 24, 2019 1:10pm
Quoting PhillipmC
{quote} He mine to got stopped out to for only 0.45R.. And it's weird I'm happy with that I had a plan traded it bought my risk down each 4 hours didn't go my way is all.. For anyone struggling out there stick to the rules and don't stop trading the system works u will lose some.. But I have a few great ones going atm and I also missed out on a few great ones because I didn't follow the rules and just didn't like how they looked didn't enter and I missed out on $$$
I missed out on a nice 2R long trade on GBPAUD overnight that would have erased my two previous losses on that pair this week. I didn’t take the trade because I have a rule-ish about not trading the pair for the rest of the week after two consecutive losses in order to avoid a potential choppy situation. This just goes to show that you can’t predict anything in the market with any great certainty. Had I just taken the next trade set up I’d be back in the black. Oh well. However, seeing this sort of thing play out enough times really starts to give one the confidence to just take the trades without over analyzing things to death.
Emotion - it steals your money.
  • #1,972
  • Jul 24, 2019 1:34pm Jul 24, 2019 1:34pm
Quoting TheSpoof
{quote} I missed out on a nice 2R long trade on GBPAUD overnight that would have erased my two previous losses on that pair this week. I didn’t take the trade because I have a rule-ish about not trading the pair for the rest of the week after two consecutive losses in order to avoid a potential choppy situation. This just goes to show that you can’t predict anything in the market with any great certainty. Had I just taken the next trade set up I’d be back in the black. Oh well. However, seeing this sort of thing play out enough times really starts...
I took that trade, its the first ever 2xR I have ever managed to win! very pleased and more confident to stay in the trade for longer.
regards,
Peter
Just trying to put a kiss on the cheek of success
  • #1,973
  • Jul 24, 2019 1:41pm Jul 24, 2019 1:41pm
Guys, this needs to stop. I am finding myself waking at 2am to catch the next H4 candle close. It’s not even real money but trades are looking much improved with this system and might actually be the holy grail or the nearest thing I have found. Keep it up.
P.s still having issues with SL pip amounts and when to close the trade but overall happy so far
  • #1,974
  • Jul 24, 2019 1:43pm Jul 24, 2019 1:43pm
AUDJPY
Keeping my eyes on this one. Awaiting D1 candle close.
Pair retraced to resistance since 1st July and has been trading sideways since then.
Is it ready to roll-over?
Attached Image (click to enlarge)
Click to Enlarge Name: AY.jpg Size: 130 KB

Trade well.
  • #1,975
  • Jul 24, 2019 1:46pm Jul 24, 2019 1:46pm
GBPCAD
Another D1 candle to watch.
Never trade if the RSI(14) does not break the 50-Line.
Attached Image (click to enlarge)
Click to Enlarge Name: GC.jpg Size: 117 KB

Cheers.
  • #1,976
  • Jul 24, 2019 1:52pm Jul 24, 2019 1:52pm
AUDCHF
I know most traders do not trade the Swissy but couldn't resist this one.
I'm short D1
Attached Image (click to enlarge)
Click to Enlarge Name: Swissy.jpg Size: 131 KB


Trade well.
  • #1,977
  • Jul 24, 2019 1:56pm Jul 24, 2019 1:56pm
USDJPY
I got stopped out of my USDJPY Long Trade.......but I'll be back!!
Stalking H4 for another Cross-over Entry.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 114 KB


Trade Well.
  • #1,978
  • Jul 24, 2019 1:59pm Jul 24, 2019 1:59pm
THANK YOU!

Hey Robinhood, THANK YOU for sharing this methodology.
Trading has never been Made so Simple(r)!

Cheers.
  • #1,979
  • Jul 24, 2019 2:11pm Jul 24, 2019 2:11pm
Quoting 40PipsAlan
Guys, this needs to stop. I am finding myself waking at 2am to catch the next H4 candle close. It’s not even real money but trades are looking much improved with this system and might actually be the holy grail or the nearest thing I have found. Keep it up. P.s still having issues with SL pip amounts and when to close the trade but overall happy so far
The only candle I miss is the 4AM close of the midnight candle
Emotion - it steals your money.
  • #1,980
  • Jul 24, 2019 2:19pm Jul 24, 2019 2:19pm
So...EURUSD looks like a continuation trade is forming, however, in this particular instance I am going to skip this one as it will mean shorting into a very strong support level that has been respected several times since May and price has pretty much already gone its average weekly range already. There just isn't enough room before the level to get 2R. I could be wrong, but I'll sit out on this one has just too much confluence against me for my liking. I would much prefer looking to a long signal off this area. Don't forget that being flat in the market is also a position and beats a loss any day.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 111 KB
Emotion - it steals your money.
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