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Trading Made Simple(r)

  • #1,981
  • Jul 24, 2019 3:07pm Jul 24, 2019 3:07pm
Here's a crossover trade that I took on GBPJPY H4, on the last candle close. A bit in a drawdown for now.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ.PNG Size: 68 KB
  • #1,982
  • Jul 24, 2019 3:09pm Jul 24, 2019 3:09pm
Quoting krismitt
THANK YOU! Hey Robinhood, THANK YOU for sharing this methodology. Trading has never been Made so Simple(r)! Cheers.
You're welcome. It always pleases me every time I hear that my methods have helped someone. Best of luck to you!
Always a Student, Never a Master - Emulate What Works
  • #1,983
  • Jul 24, 2019 3:11pm Jul 24, 2019 3:11pm
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

Nice! ... 'set and forget' style.

your chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: flavio1900 XAU 25-07-2019 04-06-11.png Size: 350 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,984
  • Jul 24, 2019 3:14pm Jul 24, 2019 3:14pm
Quoting TheSpoof
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...
I'm in that trade and I suspect that it may go down about another 100 pips before it reverses up. I've already banked about 80 pips trading it this week.
Always a Student, Never a Master - Emulate What Works
  • #1,985
  • Jul 24, 2019 3:15pm Jul 24, 2019 3:15pm
Quoting Barraka
Here's a crossover trade that I took on GBPJPY H4, on the last candle close. A bit in a drawdown for now. {image}

you are not buying at the best price.

pick the best CROSSOVER bar/candle setup entry when all three oscillators - Stoch(8,3,3), Stoch(14,3,3) amd RSI(14) cross the 50-level within a maximum 2 to 3 bars/candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,986
  • Jul 24, 2019 3:17pm Jul 24, 2019 3:17pm
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
You're welcome! Best of luck to you.
Always a Student, Never a Master - Emulate What Works
  • #1,987
  • Jul 24, 2019 3:36pm Jul 24, 2019 3:36pm
Quoting TheSpoof
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...
today it loss some steam so we watch the next few days...

1.1107 is current year 2019 Low and BRN 1.1100 not far away to get tested... good location to buy futures.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,988
  • Jul 24, 2019 3:36pm Jul 24, 2019 3:36pm
Quoting RobinHood
{quote} I'm in that trade and I suspect that it may go down about another 100 pips before it reverses up. I've already banked about 80 pips trading it this week.
Ya...it's a nice move. I pulled 2R out of the beginning of it I would consider jumping back on board but I am not keen to give back some of my profits this week.
Emotion - it steals your money.
  • #1,989
  • Jul 24, 2019 3:55pm Jul 24, 2019 3:55pm
[quote = emmanuel7788; 12401463] {quote} Bello! ... stile "imposta e dimentica". la tua tabella qui sotto. {Image} [/ quote]

Hello Emmanuel do you think my trade was done according to the rules of this thread? It's the peril I do, and I'd like to make sure I understand. As for sl and tp you how you behave? Which r:r do you quote?

Tks
  • #1,990
  • Jul 24, 2019 4:00pm Jul 24, 2019 4:00pm
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

You don't have to lose sleep just because of trading.
switch to trading 8H charts or trade once every 8 hours and the same end results and can only get better.

the SL in pips does not matter no matter what timeframe you trade.

your risk is in % of your trading capital and it is in $$$$$amount.
your technical SL in pips is your R and use to calculate your trade(s) Position Size. How many smaller trades/positions using that same amount of $$$$$money and where you placed each trade/position is up to you.

but you can't do this with small deposit of say $500. Proven to fail.
Minimum is $10,000 for each currency pair to trade.

With RH simpler Method(10%), you just add your Money Management(30%) and the rest 60% is your Mind ... aka mental fitness of the trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,991
  • Jul 24, 2019 4:00pm Jul 24, 2019 4:00pm
Quoting TheSpoof
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...
Hey Spoof, I am with you; same here.

FYI: I do look at S/R Levels in my trading as well....helps my decision-making but I try not to mention it here, since RobinHood doesn't use it as part of his methodology. I am happy to continue using it, since we are all encouraged to create our own "systems" from his methodology.

Closed my Trade based on Colour Change of 3 Indicators:

  1. HMA
  2. Heiken Ashi; and
  3. Synergy_APB

Attached Image (click to enlarge)
Click to Enlarge Name: Closed Trade.jpg Size: 112 KB

Cheers.
  • #1,992
  • Jul 24, 2019 4:07pm Jul 24, 2019 4:07pm
Quoting TheSpoof
{quote} Ya...it's a nice move. I pulled 2R out of the beginning of it I would consider jumping back on board but I am not keen to give back some of my profits this week.
I actually took the trade 2 days ago on Monday based on the Daily chart. I bailed because the HMA Line turned green and the candles turned Blue/Blue on the 4 Hr. chart. Then, I remembered that I had entered that trade based on a Daily chart so I immediately got back in.
Always a Student, Never a Master - Emulate What Works
  • #1,993
  • Jul 24, 2019 4:18pm Jul 24, 2019 4:18pm
I'm new here and a newbie in forex as well. I need an advice from the veteran's in Fx, I was told it's best to trade price action but I don't really understand what it is trading PRICE ACTION.
These are my questions and I need your help.

1. While comparing the Previous market price and the Current Market price, When, how and what move will I take.. is it a BUY or SELL when the Previous market Price is Lower than the Current Market Price?

2. Uncle Robin Hood, I am officially saying that I want you to be my mentor and I need you to help me with PDF that can furnish my dream to becoming a better FX trader like you do. Thanks for creating this thread, we can all make the world a better place if we learn to love each other by giving hope to those who think they can never profit from Forex trade cos of the huge losses they had incurred.

Cheers !!!
  • #1,994
  • Edited 7:34pm Jul 24, 2019 5:04pm | Edited 7:34pm
Quoting Follariches
I'm new here and a newbie in forex as well. I need an advice from the veteran's in Fx, I was told it's best to trade price action but I don't really understand what it is trading PRICE ACTION. These are my questions and I need your help. 1. While comparing the Previous market price and the Current Market price, When, how and what move will I take.. is it a BUY or SELL when the Previous market Price is Lower than the Current Market Price? 2. Uncle Robin Hood, I am officially saying that I want you to be my mentor and I need you to help me with PDF...
Welcome,

I don't trade price action anymore because it's just too subjective for me (and because I never made any money trading that way), so I can't help you with that.

At this point, the best advice I can give you right now is to read and re-read Post #1 every day until you thoroughly understand the different ways that we use the indicators.

Then, we can try to help you more, but you must absorb and really understand what's in Post # 1 first.
Always a Student, Never a Master - Emulate What Works
  • #1,995
  • Jul 24, 2019 7:48pm Jul 24, 2019 7:48pm
It's okay, I think I get that. Gracias.
  • #1,996
  • Edited 8:07pm Jul 24, 2019 7:55pm | Edited 8:07pm
Quoting flavio1900
[quote = emmanuel7788; 12401463] {quote} Bello! ... stile "imposta e dimentica". la tua tabella qui sotto. {Image} [/ quote] Hello Emmanuel do you think my trade was done according to the rules of this thread? It's the peril I do, and I'd like to make sure I understand. As for sl and tp you how you behave? Which r:r do you quote? Tks
Attached Image (click to enlarge)
Click to Enlarge Name: flavio1900 XAU 25-07-2019 04-06-11.png Size: 358 KB



Hi Flavio

When I looked at your chart above, there was a CROSSOVER setup according to these rules Post#1.
<>
Crossover Trades:

1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades.

2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades.

3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky.

4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade.

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade at the time of entry.
<>

Your SL and TP is R:R 1:1 which means you need a high win rate to be profitable. I usually do not take a trade with R:R 1:1. The minimum potential I want to see is if there is room for a 1:1.5 otherwise I go look for another trade or wait a CONTINUATION. This will work out when the market is ranging. And when the market is trending, then 1:2 will work out in more cases and also there will will opportunities for CONTINUATION trades which are much easier to spot and also add-on to more profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,997
  • Jul 24, 2019 8:15pm Jul 24, 2019 8:15pm
This Doug Zalesky' discipline mantra #15 is true and you need to be mentally fit to accept losses.

I'll show you when this July month end closing next week... Wednesday....

Attached Image (click to enlarge)
Click to Enlarge Name: Doug Zalesky Rule#15.png Size: 129 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,998
  • Jul 24, 2019 8:30pm Jul 24, 2019 8:30pm
TSMr crossover H4 long UJ.

Personal discretion: Left chart H4 (stoch slope okay). Right chart D1 (seems same direction as H4, both stoch slope okay, stoch 14 value is 49, rsi 50). Against retracing W1 though (bar is between ema and hull -> not recommended for trade the whole week according to emmanuel7788,), but atm, it is okay as every trade has some risks..

oh i don't trade all pairs, they are there just for me to paper trade as personally MT5 shows nicer bars for APB/HA than MT4 when the bar is enlarged..
Attached Image (click to enlarge)
Click to Enlarge Name: 25072019 TSMr long UJ.png Size: 120 KB
  • #1,999
  • Jul 24, 2019 8:51pm Jul 24, 2019 8:51pm
Quoting emmanuel7788
This Doug Zalesky' discipline mantra #15 is true and you need to be mentally fit to accept losses. I'll show you when this July month end closing next week... Wednesday.... {image}
The only losses that get my goat are those out of nowhere spikes that take you out and then price just merrily goes back in your favour
Emotion - it steals your money.
  • #2,000
  • Jul 24, 2019 11:29pm Jul 24, 2019 11:29pm
Quoting TheSpoof
{quote} The only losses that get my goat are those out of nowhere spikes that take you out and then price just merrily goes back in your favour
Just as you mentioned spikes, my AUDJPY got stopped out by a spike and now move back lower without me. LOL.

It is my dumb money vs the market's smart money.... day in day out....

Can we beat the market's smart money? if YES then How? if NO, then it is simple but not easy.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Jul 25 H4 trade closed 25-07-2019 12-01-09.png Size: 60 KB


anyway, 1 position +0.5R, 2 positions +1R each.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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