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Trading Made Simple(r)

  • #2,961
  • Aug 14, 2019 11:52am Aug 14, 2019 11:52am
Quoting RobinHood
Here are the trades that I am currently in: {image} {image}
I Can see all these trades got same 0.1 lot size... do you have any specific rules for position sizing in terms of risk? Just wonder what is yours opinion on that...
  • #2,962
  • Aug 14, 2019 12:01pm Aug 14, 2019 12:01pm
Quoting RobinHood
{quote} You're welcome. I do this because I want people to see that these indicators WORK and to NOT TO BE AFRAID TO PLACE A TRADE. No individual trade ever matters to me. I done thousands upon thousands of them. I win OR I lose OR I break even. And, it's no big deal NO MATTER which one happens. I'll show how these trades progress over time.
See RH right there you have the confidence and security , me im fairly new at being serous with forex and get emotional and one lost trade I best myself up .. so having you as a coach , mentor , leader , it makes my entry’s feel much more safe and secure , regardless on outcome . That’s what this community is all about
  • #2,963
  • Aug 14, 2019 12:02pm Aug 14, 2019 12:02pm
Quoting RaV1307
{quote} I Can see all these trades got same 0.1 lot size... do you have any specific rules for position sizing in terms of risk? Just wonder what is yours opinion on that...

Also do you use trade manager EA or move stop to break even manually after 20 pip gain ?

Tril 2 candles back manually once in profit ?
  • #2,964
  • Aug 14, 2019 12:04pm Aug 14, 2019 12:04pm
Quoting RaV1307
{quote} I Can see all these trades got same 0.1 lot size... do you have any specific rules for position sizing in terms of risk? Just wonder what is yours opinion on that...
I've become lazy over time so I just use the same size for all. Sometimes I do .10 like (in this instance), sometimes .25, sometimes .50, sometimes 1.0
Always a Student, Never a Master - Emulate What Works
  • #2,965
  • Aug 14, 2019 12:09pm Aug 14, 2019 12:09pm
E/U breaking out of the range on H4, waiting for a better entry on M15 (pullback happening maybe ? )
Attached Image(s) (click to enlarge)
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  • #2,966
  • Edited 4:05pm Aug 14, 2019 12:15pm | Edited 4:05pm
Quoting Bluejay12
{quote} See RH right there you have the confidence and security , me im fairly new at being serous with forex and get emotional and one lost trade I best myself up .. so having you as a coach , mentor , leader , it makes my entry’s feel much more safe and secure , regardless on outcome . That’s what this community is all about
Here's how to get over it.

Create a large basket of pairs using all 4 hour charts, all on 1 screen. I like using 15 pairs the best, but sometimes I trade 20.

Trade a VERY small amount per pair and take every trade on every pair and place a stop 1 or 2 bars back EVERY TIME YOU PLACE A TRADE. Then place a Profit Target at 1, 1.5, or 2 times the size of your stop. In short order, you will overcome your fear of placing trades and will gain the confidence to trade bigger and bigger.

Plus, you will learn that you can sleep through one or two 4 hour bars and the world won't come to an end. If you miss a trade while you are sleeping, just jump in on it when you get a good opportunity. Like when you see the 5 or 15 min chart give you a signal in that pair.

The trades I show are not in my main trading account. I do this to teach other traders what to do and how they can do it, NOT to show off how big I can trade. I've come to the point in my life where I don't have anything to prove to anyone other than myself. I view trading as a sport. A sport that I LIKE being REALLY GOOD AT.
Always a Student, Never a Master - Emulate What Works
  • #2,967
  • Aug 14, 2019 12:17pm Aug 14, 2019 12:17pm
Quoting RaV1307
E/U breaking out of the range on H4, waiting for a better entry on M15 (pullback happening maybe ? ) {image} {image}
Also check m30. It looks like the rally (not pullback) is progressing up to there, so that is where your focus should be.
To free Gazans of Hamas, use whatever it takes.
  • #2,968
  • Aug 14, 2019 12:17pm Aug 14, 2019 12:17pm
Quoting Bluejay12
{quote} Also do you use trade manager EA or move stop to break even manually after 20 pip gain ? Tril 2 candles back manually once in profit ?
NO EA's EVER. I move my stops every 4 hours as needed AND if I am awake. I never use a set amount of pips as my stop, I ALWAYS ONLY use 1 or 2 bars back.

Remember this:

"The Best Trades Never Look Back"
Always a Student, Never a Master - Emulate What Works
  • #2,969
  • Aug 14, 2019 12:28pm Aug 14, 2019 12:28pm
Quoting RobinHood
{quote} Here's how to get over it. Create a large basket of pairs using all 4 hour charts, all on 1 screen. I like using 15 pairs. Trade a VERY small amount per pair and take every trade on every pair and place a stop 1 or 2 bars back EVERY TIME YOU PLACE A TRADE. Then place a Profit Target at 1, 1.5, or 2 times the size of your stop. In short order, you will overcome your fear of placing trades and will gain the confidence to trade bigger and bigger. Plus, you will learn that you can sleep through one or two 4 hour bars and the world won't come...
Excellent advice one that I will implement as summer is winding down and fall is near going back to regular school schedules. I will practice this with focus .. thanks for teaching us and showing


is your other real big account forex or do you get into futures or stocks ?
  • #2,970
  • Aug 14, 2019 12:29pm Aug 14, 2019 12:29pm
Quoting SwingMan
New version "smTMMS Oscillator_v3.0" @RobinHood has recommended to us the "HMA_Trend", but I and other members have difficulty installing it. - Now I have integrated it into the "TMMS Oscillator", but one can also turn it off. - Because some members also use the entry signals from my "Hashi-Chart" indicator, I post an updated version - good luck ... {image} {file} {file}
Hey all, I already use these indicator, but I'm not understand about the HMA trend inside the oscillator. Anyone can explain how to use it?
  • #2,971
  • Aug 14, 2019 12:36pm Aug 14, 2019 12:36pm
Quoting Jefflee
{quote} Hey all, I already use these indicator, but I'm not understand about the HMA trend inside the oscillator. Anyone can explain how to use it?
RH didn't explain the way he's using it yet... maybe for early exit or lock some profits when colour change...???
  • #2,972
  • Aug 14, 2019 12:41pm Aug 14, 2019 12:41pm
Quoting RaV1307
{quote} RH didn't explain the way he's using it yet... maybe for early exit or lock some profits when colour change...???
From RH Post:-


Here's just ONE (of several) simple ways I use it.

For Long Trades:

If the vertical smTMMS lines turn Green AND the HMA Trend turns Blue, I go Long.

If EITHER smTMMS changes to Gray OR the HMA Trend changes to Orange, I exit.


For Short Trades:

If the vertical smTMMS lines turn Red AND the HMA Trend turns Orange, I go Short.

If EITHER smTMMS changes to Gray OR the HMA Trend changes to Blue, I exit.
  • #2,973
  • Aug 14, 2019 12:48pm Aug 14, 2019 12:48pm
Quoting RaV1307
{quote} RH didn't explain the way he's using it yet... maybe for early exit or lock some profits when colour change...???
A picture is worth a thousand words

For more information here is under the indicator

https://www.mql5.com/en/market/product/22515
Attached Image (click to enlarge)
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  • #2,974
  • Aug 14, 2019 12:54pm Aug 14, 2019 12:54pm
Quoting Bluejay12
{quote} Excellent advice one that I will implement as summer is winding down and fall is near going back to regular school schedules. I will practice this with focus .. thanks for teaching us and showing is your other real big account forex or do you get into futures or stocks ?
YES. I use Interactive Brokers because you can trade almost anything through them.

I particularly favor the Biotech stocks. My favorite biotech stock right now is: IOVA. Read "Insider Buy SuperStocks"

I particularly favor the S&P and NASDAQ in Futures.

And if you like trading commodities, I like a book called: "You Can't Lose Trading Commodities"
Always a Student, Never a Master - Emulate What Works
  • #2,975
  • Aug 14, 2019 1:06pm Aug 14, 2019 1:06pm
Good evening!
These are my current trades, just after the new H4-candle is here. Let's see how things develop.
Nice evening to all!
Attached Image (click to enlarge)
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  • #2,976
  • Aug 14, 2019 1:24pm Aug 14, 2019 1:24pm
Quoting RobinHood
{quote} NO EA's EVER. I move my stops every 4 hours as needed AND if I am awake. I never use a set amount of pips as my stop, I ALWAYS ONLY use 1 or 2 bars back. Remember this: "The Best Trades Never Look Back"
I just Love this Quote Robin!.

"The Best Trades Never Look Back"

Trade well.
  • #2,977
  • Aug 14, 2019 1:41pm Aug 14, 2019 1:41pm
Quoting krismitt
{quote} I just Love this Quote Robin!. "The Best Trades Never Look Back" Trade well.
Love it
cheers
  • #2,978
  • Aug 14, 2019 2:09pm Aug 14, 2019 2:09pm
Quoting RaV1307
E/U breaking out of the range on H4, waiting for a better entry on M15 (pullback happening maybe ? ) {image} {image}
The EU m30 tiny rally looks over and the return kicking in. Did you get in?
To free Gazans of Hamas, use whatever it takes.
  • #2,979
  • Aug 14, 2019 2:36pm Aug 14, 2019 2:36pm
Quoting DrDave
{quote} The EU m30 tiny rally looks over and the return kicking in. Did you get in?
Yes Dad. Got another one on there now
  • #2,980
  • Aug 14, 2019 3:05pm Aug 14, 2019 3:05pm
Quoting RobinHood
Here are the trades that I am currently in: {image} {image}
Hi RH, little reflection on your screen.
I noticed from the "Time" panel that you can enter the market even with the candle open, not respecting the openings of the H4 spark plugs.
I see entries at 18:00 and not at 16:00.
Or have your entries been run on TF H1?
I hope I didn't write a wrong consideration, if so I apologize.
I would never allow myself to judge our teacher.
Thank you
Carpe diem, quam minimum credula postero. "Orazio"
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