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Trading Made Simple(r)

  • #2,961
  • Aug 14, 2019 9:52am Aug 14, 2019 9:52am
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 10:01am Aug 14, 2019 10:01am
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 10:02am Aug 14, 2019 10:02am
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 10:04am Aug 14, 2019 10:04am
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 10:09am Aug 14, 2019 10:09am
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 2:05pm Aug 14, 2019 10:15am | Edited 2:05pm
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 10:17am Aug 14, 2019 10:17am
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 10:17am Aug 14, 2019 10:17am
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 10:28am Aug 14, 2019 10:28am
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 10:29am Aug 14, 2019 10:29am
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 10:36am Aug 14, 2019 10:36am
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 10:41am Aug 14, 2019 10:41am
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 10:48am Aug 14, 2019 10:48am
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
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  • #2,974
  • Aug 14, 2019 10:54am Aug 14, 2019 10:54am
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 11:06am Aug 14, 2019 11:06am
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 11:24am Aug 14, 2019 11:24am
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 11:41am Aug 14, 2019 11:41am
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 12:09pm Aug 14, 2019 12:09pm
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 12:36pm Aug 14, 2019 12:36pm
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 1:05pm Aug 14, 2019 1:05pm
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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