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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple(r)

  • #3,121
  • Aug 18, 2019 9:33am Aug 18, 2019 9:33am
Excellent work Robin Hood, with a little analysis and entries that I do in 15 min I get very good results. My procedure is when I see the signal in h4 I confirm in 15 min if it is market hours it gives excellent results. Very thankful
  • #3,122
  • Aug 18, 2019 9:34am Aug 18, 2019 9:34am
Quoting moRTaL
{quote} imho, for W1, using SL=3x100ADR and TP=5x100ADR, multiple entries, after looking at W1 n D1 charts, just demo though, i like AN up, GN up, UC up, EJ down, USDSGD up.. i couldnt decide between EC/EA/EN, i think i'll skip this group... what about you? i hope Emm has some free time and share some thoughts..
But the daily on AN looks to be struggling to get above the HMA. I am tempted to put this one to the side for a bit and look elsewhere
  • #3,123
  • Aug 18, 2019 4:33pm Aug 18, 2019 4:33pm
Quoting Maradona
Excellent work Robin Hood, with a little analysis and entries that I do in 15 min I get very good results. My procedure is when I see the signal in h4 I confirm in 15 min if it is market hours it gives excellent results. Very thankful
You're welcome. Good luck!
Always a Student, Never a Master - Emulate What Works
  • #3,124
  • Aug 18, 2019 5:23pm Aug 18, 2019 5:23pm
Quoting moRTaL
{quote} Ok, i'll try to explain, i follow strictly RH initial 7 criterias to enter a trade or not... very simple definition, definitely not a number/percentage stated by ADR.. But sometimes a big candle appear.... we definitely have to avoid entering... but when? can it be more objective instead of subjective? And worse for me this is a personal problem as it makes me doubt to enter straight or wait for a retrace. If it is a demo, i'll just enter the trade, but for real account, this creates a fear of being wrong or fear of missing out for me.....
If I had to write a big thank you like your kindness, the memory of all the computers in the world wouldn't be enough.
I will surely take a few days to better understand everything you have written, for my not so perfect English.
Thank you for your guidance.
Carpe diem, quam minimum credula postero. "Orazio"
  • #3,125
  • Edited 10:16pm Aug 18, 2019 8:34pm | Edited 10:16pm
any takers ?? after candle closes ofc.
Attached Image (click to enlarge)
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  • #3,126
  • Aug 18, 2019 10:39pm Aug 18, 2019 10:39pm
Quoting PhillipmC
any takers ?? after candle closes ofc. {image}
Hey. Could you please share your template/indicators? Thanks.
  • #3,127
  • Aug 18, 2019 11:27pm Aug 18, 2019 11:27pm
Quoting sandecoconut
{quote} Hey. Could you please share your template/indicators? Thanks.

Sure.
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   5 KB | 313 downloads
File Type: ex4 Heiken Ashi.ex4   12 KB | 285 downloads
File Type: ex4 vh.ex4   5 KB | 350 downloads
File Type: ex4 smTMMS Oscillator_v2.0.ex4   18 KB | 348 downloads
File Type: tpl PIPFINAL TREND.tpl   8 KB | 360 downloads
  • #3,128
  • Edited 6:18am Aug 19, 2019 12:56am | Edited 6:18am
GU W1 down LL+ LC--+, within hull ma n ema ++-; D1 retracing up HH+ HC+, H4 long continuation...
USDSGD WI up HH+ HC-++; D1 retracing down LL+ LC+, within hull ma and ema; H4 short continuation...
SDGJPY W1 down LL+ LC--+; D1 consolidation; H4 long continuation... skip
CHFSGD W1 up HH+ HC--+; D1 retracing down LL+ LC+; H4 short continuation.. skip
Retracement of GU seems stronger than USDSGD.. D1 stoch slopes for GU is also better... GU n USDSGD D1 correlates -88.. enter GU only.

Edit:-0.480R, exit due to change in 3 indicator: red/red, hull red
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  • #3,129
  • Aug 19, 2019 10:01am Aug 19, 2019 10:01am
Hi,RH.
I am feeling sad because I have tried with live account. BUT I loss 52% of money in my real account even I follow all the rules and use the indicator of SwingMan... Trend always go to the opposite direction/Choppy.
I also use RR for my money management. I always put SL 2% behind my entry point.


Please Please provide any opinions or advices or suggestions to me.
I need this method so much as my passive income... I need it to earn my college fees.
.
  • #3,130
  • Edited 4:08pm Aug 19, 2019 10:14am | Edited 4:08pm
Quoting Jefflee
Hi,RH. I am feeling sad because I have tried with live account. BUT I loss 52% of money in my real account even I follow all the rules and use the indicator of SwingMan... Trend always go to the opposite direction/Choppy. I also use RR for my money management. I always put SL 2% behind my entry point. Please Please provide any opinions or advices or suggestions to me. I need this method so much as my passive income... I need it to earn my college fees. .
There are too many variables as to what you might have done wrong that I don't know for me to give you an intelligent analysis of what you did wrong.

But with that being said:

1. I never said to use 2% as a stop. I use 1 -2 bars back.

2. It would be nearly impossible to lose 52% of you account (in a short period of time following all of the rules) IF you always used 2% as a stop.

3. You should NEVER have traded a live account UNTIL after you were successful over time trading these methods using a demo account.

All I can suggest at this point is that you go back and read Post # 1 over and over again.
Always a Student, Never a Master - Emulate What Works
  • #3,131
  • Aug 19, 2019 10:31am Aug 19, 2019 10:31am
Quoting Jefflee
Hi,RH. I am feeling sad because I have tried with live account. BUT I loss 52% of money in my real account even I follow all the rules and use the indicator of SwingMan... Trend always go to the opposite direction/Choppy. I also use RR for my money management. I always put SL 2% behind my entry point. Please Please provide any opinions or advices or suggestions to me. I need this method so much as my passive income... I need it to earn my college fees. .
I am lost for words. Prove a demo account first before risking any real money for at least 6 months.
  • #3,132
  • Aug 19, 2019 12:24pm Aug 19, 2019 12:24pm
Quoting Jefflee
Hi,RH. I am feeling sad because I have tried with live account. BUT I loss 52% of money in my real account even I follow all the rules and use the indicator of SwingMan... Trend always go to the opposite direction/Choppy. I also use RR for my money management. I always put SL 2% behind my entry point. Please Please provide any opinions or advices or suggestions to me. I need this method so much as my passive income... I need it to earn my college fees. .
why don't you show your deals on the screen ?! it will be better than any words.
Trading has been and always will be, a hard way to make an easy living.
  • #3,133
  • Aug 19, 2019 5:16pm Aug 19, 2019 5:16pm
This was this morning, excellent for one day!
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  • #3,134
  • Aug 19, 2019 7:37pm Aug 19, 2019 7:37pm
Quoting Jefflee
Hi,RH. I am feeling sad because I have tried with live account. BUT I loss 52% of money in my real account even I follow all the rules and use the indicator of SwingMan... Trend always go to the opposite direction/Choppy. I also use RR for my money management. I always put SL 2% behind my entry point. Please Please provide any opinions or advices or suggestions to me. I need this method so much as my passive income... I need it to earn my college fees. .

Hi Jeff

I know why you lose 52% of you money. That is simple ... I just read all your 8 posts made so far.

How much passive income are you thinking of?

How much is your college fees?

You want to be a trader, are you prepared and have the commitment to spend 3 to 5 hours everyday for the next 2 to 3 years?

I am sure you have many more questions but do not have the answers yet.

Feel free and ask.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,135
  • Aug 19, 2019 11:17pm Aug 19, 2019 11:17pm
Quoting emmanuel7788
{quote} Hi Jeff I know why you lose 52% of you money. That is simple ... I just read all your 8 posts made so far. How much passive income are you thinking of? How much is your college fees? You want to be a trader, are you prepared and have the commitment to spend 3 to 5 hours everyday for the next 2 to 3 years? I am sure you have many more questions but do not have the answers yet. Feel free and ask.

Hi, EMM.

Passive income maybe in 200 - 300 usd already enough for me.
Yes. I am ready to be a trader. I am a newbie in forex, I try to read a lot of threads in FF and almost read all the reply.

How to avoid to enter at a high position?
  • #3,136
  • Edited 12:55am Aug 20, 2019 12:40am | Edited 12:55am
AJ W1 down LL- LC--+; D1 triangle, yesterday HH+ HC+; H4 short continuation 1st bar... now MPMM has passed
(stoch 8,3,3 similar to variation cases in which it touches 50 level then reverses.. but hull ma is green.. so criteria is 7/7; slope for both stochs is okay unlike GU that i took yesterday, flat...lol)
AC W1 down LL- HC+ within hull ma and ema ++-; D1 retracing up HH- HC++- within hull ma and ema --+; H4 long continuation 4th bar.. skip.. Edit: sorry H4 cross not continuation
ES W1 up HH+ HC--+; D1 retracing down LL- LC-++; H4 short continuation, 3rd bar that closes below hull ma... skip
NJ W1 down LL+ LC-; D1 triangle, candle trapped within hull ma and ema; H4 long cross 1st bar.. skip.. AJ is better for W1, D1, AJ seems to retrace more..
NF W1 down LL+ LC+; D1 triangle; H4 long cross 2nd bar.. similar like NJ, but NJ is better for W1.. skip
AF W1 down LL- LC--+; D1 triangle, yesterday HH- HC+; H4 long cross 1st bar.. skip.. similar like AJ, AJ is better for D1
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  • #3,137
  • Aug 20, 2019 1:34am Aug 20, 2019 1:34am
Hi guys.

I've been trying out this method for two weeks now and I'm having mixed results, good start but now on a losing streak (4 already). Don't know what I'm doing wrong, maybe not picking the right trades?
Below are my last two trades, the yellow vertical is the signal bar, I entered always right after - but got stopped out on both of them. Anyone has any input that can help me trade better?

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  • #3,138
  • Aug 20, 2019 2:03am Aug 20, 2019 2:03am
Quoting Wenke
Hi guys. I've been trying out this method for two weeks now and I'm having mixed results, good start but now on a losing streak (4 already). Don't know what I'm doing wrong, maybe not picking the right trades? Below are my last two trades, the yellow vertical is the signal bar, I entered always right after - but got stopped out on both of them. Anyone has any input that can help me trade better? {image} {image}
Welcome Wenke,

To be honest I'm having a bit of mare with it right now but was seeing more success prior to August. The market is not an easy one to work with right now, very choppy.

Give the system a fair assessment in September when the markets start to get busy again and we will more likely see some good trending conditions.

Ryan
  • #3,139
  • Aug 20, 2019 2:34am Aug 20, 2019 2:34am
Quoting Wenke
Hi guys. I've been trying out this method for two weeks now and I'm having mixed results, good start but now on a losing streak (4 already). Don't know what I'm doing wrong, maybe not picking the right trades? Below are my last two trades, the yellow vertical is the signal bar, I entered always right after - but got stopped out on both of them. Anyone has any input that can help me trade better? {image} {image}
Maybe wait for TMMS oscillator to cross 20 for longs and -20 for shorts. I am using v5 now.
  • #3,140
  • Aug 20, 2019 3:15am Aug 20, 2019 3:15am
Quoting 40PipsAlan
{quote} Maybe wait for TMMS oscillator to cross 20 for longs and -20 for shorts. I am using v5 now.

On what page can I find the v5 ?
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