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  • #2,761
  • Aug 12, 2019 4:09am Aug 12, 2019 4:09am
Eurusd looking good for a short?

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  • #2,762
  • Aug 12, 2019 4:16am Aug 12, 2019 4:16am
Quoting Viv108
Eurusd looking good for a short? {image}
For some reason I am not jumping on this one yet. Something is putting me off and I dont know what it could be
  • #2,763
  • Aug 12, 2019 4:22am Aug 12, 2019 4:22am
Quoting Viv108
Eurusd looking good for a short? {image}
I wouldn't.

Cheers.
  • #2,764
  • Aug 12, 2019 4:26am Aug 12, 2019 4:26am
Hi RobinHood, is this trade correct ?
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  • #2,765
  • Aug 12, 2019 4:28am Aug 12, 2019 4:28am
Quoting Viv108
Eurusd looking good for a short? {image}

It is a -1R risk to sell... worst case.

Potential ... UNKNOWN profit

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD AUg 12 H4 sell 12-08-2019 17-22-01.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,766
  • Aug 12, 2019 4:32am Aug 12, 2019 4:32am
Quoting RobinHood
{quote} I am thinking that I won't. At this point, I think want people to have to venture through the thread to find out how it evolves. After you watch this for a while, I think you will find it's simplicity is a welcome improvement.

Good. I will keep a bookmark on some of these.

Meantime I'll stick to using your template#1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,767
  • Aug 12, 2019 4:37am Aug 12, 2019 4:37am
Quoting emmanuel7788
{quote} It is a -1R risk to sell... worst case. Potential ... UNKNOWN profit {image}
would be countertrend on D1 wouldn't it ?
  • #2,768
  • Aug 12, 2019 4:39am Aug 12, 2019 4:39am
Quoting Viv108
Eurusd looking good for a short? {image}
I'm in it, short.

What's the worse that can happen?

You can lose 1R OR less - OR you can make money.

"Trade What You See, NOT What You Think"
Always a Student, Never a Master - Emulate What Works
  • #2,769
  • Aug 12, 2019 4:43am Aug 12, 2019 4:43am
Guys - based on the indicator, why are you averse to selling Eurusd? I’m asking as someone who’s trying to understand the indicator. Is it the size of that first candle?

If you’re considering fundamentals then that’s a separate thing - I only look at news announcements but totally objective when it comes to the screen. Any tips on Thai matter will be appreciated
  • #2,770
  • Aug 12, 2019 4:46am Aug 12, 2019 4:46am
Go on then. Lets see what happens
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  • #2,771
  • Aug 12, 2019 4:49am Aug 12, 2019 4:49am
[quote = RobinHood; 12435327] {quote} Tôi ở trong đó, ngắn gọn. Điều tồi tệ hơn có thể xảy ra là gì? Bạn có thể mất 1R HOẶC ít hơn - HOẶC bạn có thể kiếm tiền. "Giao dịch những gì bạn thấy, KHÔNG phải những gì bạn nghĩ" [/ quote]
I'm waiting at the M5 frame
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  • #2,772
  • Aug 12, 2019 4:52am Aug 12, 2019 4:52am
Quoting RobinHood
{quote} You can place it in a separate window but I like it on top on the smTMMS indicator because of the unique way I use it. I forgot that I downloaded that HMA Trend indicator from another site and evidently you must download it from there...it's free. HMA Trend (download it from the link below) https://www.mql5.com/en/market/product/22515
Hi RobinHood, how many percentage of profit do you have if you trade by this system for many years?
  • #2,773
  • Edited 5:17am Aug 12, 2019 4:52am | Edited 5:17am
Quoting Viv108
Eurusd looking good for a short? {image}
imho,
EU W1 n D1 is between ema n hull ma -> triangle last week, D1, makes a LL(+), LC(-/+).. H4 signal down
AU W1 is down, D1 up but HH(-), HC(-/+), H4 signal down.. early bird?
NU W1 is down, D1 is between ema n hull ma, LL(-), LC(-/+), H4 signal is down.. early bird?
EC W1 is up, D1 is between ema n hull ma, LL(+), LC(+), H4 signal is down
NC W1 is down, D1 is down, LL(+), LC(+), H4 signal is down

so even though NC H4 has a big candle to the left, imho, NC is "better" one, then AU as D1 fails tomake HH n HC, however forex is random... lol.. gl.. yup as long as we trade with predefined SL as the veterans said.. worse case only 1 or 2 losses... who cares.. our success in forex is not defined by 1/2 trade.. moreover overcoming the fear of being wrong is better, so just enter the trade and stay discipline according to the plan.. definitely will work out in the long term

my first 20 trades in this method over 12 days is 4 wins, 16 losses, n i think noone can be even more bad luck than me... lol.. and it is still +1.86R
just plainly bad luck, other pairs all going to the correct direction except 1/2, and i took those...lol.. after 20 trades, feels more confident following HTF... lol

the system works n i would be happy to get +3R per month, that way can reach conservative 10% per month
  • #2,774
  • Aug 12, 2019 5:20am Aug 12, 2019 5:20am
Quoting moRTaL
{quote} imho, EU W1 n D1 is between ema n hull ma -> triangle last week, D1, makes a LL(+), LC(-/+).. H4 signal down AU W1 is down, D1 up but HH(-), HC(-/+), H4 signal down.. early bird? NU W1 is down, D1 is between ema n hull ma, LL(-), LC(-/+), H4 signal is down.. early bird? EC W1 is up, D1 is between ema n hull ma, LL(+), LC(+), H4 signal is down NC W1 is down, D1 is down, LL(+), LC(+), H4 signal is down so even though NC H4 has a big candle to the left, imho, NC is "better" one, then AU as D1 fails tomake HH n HC, however forex is random......
Thanks for the words of encouragement. I see what you mean with the D1 and W1 charts. those charts are showing a bullish/neutral stance but remember momentum starts off in the charts lower down. My issue is that the 1h chart and below has too much noise and W1 will show late entries (or by the time you enter, a small trend will be over). H4 is a good compromise (probably D1 too - I think I will start conserving D1 in my trading going forward). Thanks for the hint!
  • #2,775
  • Aug 12, 2019 5:22am Aug 12, 2019 5:22am
Quoting SwingMan
After a few tries I was able to download the "HMA Trend Professional". The signals can be compared well with my Double HMA. The advantage of my indicator is that with the ADX filter one can better identify the sideways trends... {image} {file}
Thx Swingman, nice indicator

However, can you clarify how/why we can
- get arrow overlaps
- two arrows during the first appearance of trend resumption [i.e. a back arrow (one candle in the past) and a current candle plotting at the same time]

many thx
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  • #2,776
  • Aug 12, 2019 5:26am Aug 12, 2019 5:26am
Quoting RobinHood
{quote} I'm in it, short. What's the worse that can happen? You can lose 1R OR less - OR you can make money. "Trade What You See, NOT What You Think"

Yes, I did the same and let the market decide the Rs....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,777
  • Aug 12, 2019 5:29am Aug 12, 2019 5:29am
Quoting NguyenTan
{quote} Hi RobinHood, how many percentage of profit do you have if you trade by this system for many years?
I don't have that answer because I don't keep track of it.
Always a Student, Never a Master - Emulate What Works
  • #2,778
  • Aug 12, 2019 5:32am Aug 12, 2019 5:32am
Quoting Viv108
Guys - based on the indicator, why are you averse to selling Eurusd? I’m asking as someone who’s trying to understand the indicator. Is it the size of that first candle? If you’re considering fundamentals then that’s a separate thing - I only look at news announcements but totally objective when it comes to the screen. Any tips on Thai matter will be appreciated

you want my tip?

You see the 7 indicators conditions for the trade setup, just pull the trigger. Do not worry about the news. News can move the price either ways. You will know after 100 trades, then the next 200 trades, and the next 300 trades ... by the time you have done 1,000 trades you will have that intuitive feeling how to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,779
  • Aug 12, 2019 5:36am Aug 12, 2019 5:36am
Quoting Viv108
{quote} Thanks for the words of encouragement. I see what you mean with the D1 and W1 charts. those charts are showing a bullish/neutral stance but remember momentum starts off in the charts lower down. My issue is that the 1h chart and below has too much noise and W1 will show late entries (or by the time you enter, a small trend will be over). H4 is a good compromise (probably D1 too - I think I will start conserving D1 in my trading going forward). Thanks for the hint!
personally, emulate what works, don't think so much, the result is random... the one who really showed that the system works are RH, emm n TS... so more likely than not it is much wiser to emulate them, just try to be discipline for a number of trades and the habit will develop by itself... it has been a hard 20 trades for me, especially first ten trades was 1 win(first trade), 9 losses, but only -0.652R... very small to care... so maybe should not care so much about winning rate or other stuff first, even though i still feel the FOMO n other fears, but it gets lesser... only enter 1 trade due to FOMO out of 20 trades... an improvement..lol

after let say 20 trades (according to Mark Douglas), then maybe we can learn more, like incorporating more n more emm n DrDave's thinking.. i like both emm n DrDave's thougts.. experienced what they posted, but it takes time to overcome the fears to accepting even though we know it works, to dare to enter the trades n to stay discipline.. it sucks but it works.. lol
  • #2,780
  • Aug 12, 2019 5:38am Aug 12, 2019 5:38am
DON'T WATCH THE FINANCIAL NEWS!

It's just a bunch of "talking heads" who usually have no idea what they are talking about.

I watch cable tv news a lot and more often than not they have guests on there talking about subjects that they have no real expertise in. And it's the same thing with the financial news networks.
Always a Student, Never a Master - Emulate What Works
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