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Trading Made Simple(r)

  • #3,141
  • Aug 20, 2019 3:34am Aug 20, 2019 3:34am
[quote = Wenke; 12451167] Chào các bạn. Tôi đă thử phương pháp này được hai tuần và tôi đang có kết quả hỗn hợp, khởi đầu tốt nhưng giờ đă thua (4 đă). Không biết tôi đang làm ǵ sai, có thể không chọn đúng ngành nghề? Dưới đây là hai giao dịch cuối cùng của tôi, dọc màu vàng là thanh tín hiệu, tôi đă nhập luôn ngay sau đó - nhưng đă dừng lại trên cả hai giao dịch. Bất cứ ai có bất kỳ đầu vào có thể giúp tôi giao dịch tốt hơn? {h́nh ảnh} {h́nh ảnh} [/ quote]
g / ca me also SL
e/n I exit when hull MA changes color
This is part of the transaction, please be patient.
  • #3,142
  • Aug 20, 2019 3:36am Aug 20, 2019 3:36am
Quoting vortexz
{quote} On what page can I find the v5 ?
Here u go. Thankyou Swingman
Attached File(s)
File Type: mq4 smTMMS Oscillator_v5.0.mq4   14 KB | 490 downloads
  • #3,143
  • Edited 4:31am Aug 20, 2019 4:09am | Edited 4:31am
Quoting Jefflee
{quote} 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?

Hi Jeff

You need to study Post#1 details and start posting charts. There are members here who already learned the method and they will comment to help you.
Also the OP RobinHood will help you but you need to do your work.

To avoid entering a trade at 'high position', you only need to wait until the price bar/candle closes and check to confirm the setup conditions mentioned in Post#1 are fulfilled then you place your trade entry. DO NOT enter when a bar/candle is still active.

Example below, it is a M30 chart setup. Note the RSI crossed the 50-level and note both the Stochastics shows %K cross %D and also cross their 50-level at the same bar/candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Aug 20 M30 example 20-08-2019 17-10-14.png Size: 58 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EIRCAD Aug 20 M30 example RSI cross 20-08-2019 16-58-08.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,144
  • Aug 20, 2019 4:27am Aug 20, 2019 4:27am
AN W1 up HH+ HC+; D1 up HH+ HC+, H4 long continuation 1st bar (H4 signal line on the left should be the next bar), H4 in line with D1 and W1, but H4 stoch slope flat...
GS W1 down LL- HC+, within hull ma and ema; D1 retracing up HH- HC+; H4 long continuation.. skip..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #3,145
  • Aug 20, 2019 4:46am Aug 20, 2019 4:46am
Quoting Atheos
{quote} 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
Very well said, I believe risk mood has shown very little appetite or enthusiasm ...and you can see it across various assets. This period calls for patience. In fact I'm appreciative of this curve as we are able to learn from this market condition.

Market Overview
An improvement in market sentiment is tentatively holding as several key markets teeter on the brink once more.

For our friends not fluent in English.
teeter:

  1. move or balance unsteadily; sway back and forth.

The more you learn, the more you see
  • #3,146
  • Aug 20, 2019 4:50am Aug 20, 2019 4:50am
Quoting Jefflee
{quote} 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?
Hi Jefflee - no-one can help unless you post your trades for analysis Bro!!!
  • #3,147
  • Aug 20, 2019 5:16am Aug 20, 2019 5:16am
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}
Hi, for the EN chart, the oscillator is showing greyish line, i think we should not enter at the close of that candle... but even if you were to wait for the close of the next candle for the 7 criteria to be fullfilled, that candle is the 5th candle which closes above the hull ma... RH mentioned before best 1st to 3rd candle.. moreover if i didn't remember wrongly, RH mentioned H4 has to be in line minimal with D1, imho, please disregard my view if you don't agree as this is how i exclude currency pairs at the moment according to the post which shows a picture where there are W1, D1 and H4 waves, we have to know in which of those cycle we trading in, i couldn't find it (maybe someone who reads this, can post it)...

Anyway EN W1 is up, HH-, didnt make a higher close for candlestick either, only APB/HA closes higher.. so i think oh is D1 retracing now? has it shown LL and LC at least... nope but a LL- LC-.. which i infer as the retracing down move may not be a strong enough and i would rather prefer a long signal than a short or maybe choose other currency pair that shows clearer picture of where it is going.... in short, since you are trading in H4, minimal has to be in line with D1. Although if you are able to, cycle from lower TF to higher TF (at the moment i still can't... ask DrDave)..

GC is a valid short cross on the 3rd bar, but D1 shows a HH+ HC+, it is not in line with higher TF... so shorting has lower probability... by the way, Emm mentioned a few times that he wouldn't even take trade signals on D1/H4 as W1 is within hull ma and ema... try to look for his posts k.. and he mentioned 'I always prefer to trade like the second mouse and seldom be the early bird. I enjoy good cheese with good wine.' post1540, something that i begin to appreciate since this non trendy august..

Also this post 2859 which mentioned that 'the market also has its 'seasons'.'
  • #3,148
  • Aug 20, 2019 5:34am Aug 20, 2019 5:34am
Quoting moRTaL
{quote} Hi, for the EN chart, the oscillator is showing greyish line, i think we should not enter at the close of that candle... but even if you were to wait for the close of the next candle for the 7 criteria to be fullfilled, that candle is the 5th candle which closes above the hull ma... RH mentioned before best 1st to 3rd candle.. moreover if i didn't remember wrongly, RH mentioned H4 has to be in line minimal with D1, imho, please disregard my view if you don't agree as this is how i exclude currency pairs at the moment according to the post...
Thanks Mortal!

I see the mistakes I made on the EN trade clearly now .

I still don't understand what you mean with don't enter de trade on D1/H4 when W1 is within Hull MA and EMA. I don't see many opportunities when the price on W1 is not between the two lines and there is an entry on D1 or H4. Or am I not understanding you correctly?
  • #3,149
  • Aug 20, 2019 5:52am Aug 20, 2019 5:52am
Quoting Wenke
{quote} Thanks Mortal! I see the mistakes I made on the EN trade clearly now . I still don't understand what you mean with don't enter de trade on D1/H4 when W1 is within Hull MA and EMA. I don't see many opportunities when the price on W1 is not between the two lines and there is an entry on D1 or H4. Or am I not understanding you correctly?
You're welcome. Oh i think it is better to see the original post yourself.. here are the posts.. post 2006, post 2038, post1477, post1245.
  • #3,150
  • Aug 20, 2019 6:20am Aug 20, 2019 6:20am
@RobinHood, do you consider swaps for your tading?

Best regards,
renko
  • #3,151
  • Aug 20, 2019 6:22am Aug 20, 2019 6:22am
Food for Thought:

FOREX LIQUIDITY VS ILLIQUIDITY:
From a trader’s point of view, an illiquid market will have chaotic moves or gaps because the level of buying or selling volume at any one moment can vary greatly. A highly liquid market is also known as a deep market or a smooth market and price action is also smooth. Most traders need and should require a liquid market because it is very hard to manage risk if you’re on the wrong side of a big move in an illiquid market.
The time of day that you’re likely to see the biggest moves are the US Morning Session because it overlaps with the European / London Session which alone accounts for roughly +50% of total daily global volume. The US session alone accounts for around 20% and in the US Afternoon, you will often see a sharp drop off in aggressive moves except for when the Federal Open Market Committee (FOMC) comes out with a surprise announcement which is but a few times a year.
The more you learn, the more you see
  • #3,152
  • Aug 20, 2019 6:52am Aug 20, 2019 6:52am
Am having problem installing the indicators and templates. ive already downoaded them pleas help
  • #3,153
  • Aug 20, 2019 7:07am Aug 20, 2019 7:07am
Quoting renkotop
@RobinHood, do you consider swaps for your tading? Best regards, renko
No
Always a Student, Never a Master - Emulate What Works
  • #3,154
  • Edited 10:09am Aug 20, 2019 7:52am | Edited 10:09am
This one looks promising ... update: did not go well, to look for other opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: Anotación 2019-08-20 094832.png Size: 76 KB
  • #3,155
  • Aug 20, 2019 9:20am Aug 20, 2019 9:20am
Quoting Maradona
This one looks promising {image}
Very nearly took this,

Took the EURJPY instead both have turned back
  • #3,156
  • Aug 20, 2019 11:48am Aug 20, 2019 11:48am
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}

Hi, I come to help not to criticize to begin with..
I am trading for 10 years and still I have losing trades, but thats how live is, you have good days and bad days
biz you win and you lose, that has to average out. so dont get discouraged.

Wenke, I have the feeling ( no offence) you dont trade for long time, but if you do you dont understand the market,
Market is like everything UPs and Downs, its on you to understand

1) I would suggest not to trade in month like July and August ( remember vacation time ) but if you do trade only daily, and perhaps 4H
the market has no volume at this times, one reason, and in 2019 its even worse, the entire year is not so great!

2. perhaps you should only trade in the direction of the big picture, what I mean short if the Daily is short better the Weekly.

3. perhaps you should only enter a trade when ist clear what trend it shows and than only after it had retraced the first time, follow the trend
retrace are most 50% to 78% FIB, look at the left of your chart to find the highest peak (in an up/down trend, candles tent to stop there and keep going in your direction.
if you not sure take partial profit at the next peak high or at least bring your SL up to break even

4. I personally dont like HAshi, its not so clear for me but its a great chart as well if you understand.

5. Sorry I have altered the chart a bit, deleted 5/12 for better visual obviously you can keep them on..and added my own Blue is what I call the base Ma and the purple is the trend I follow, no matter what TF I use, but I do a up/down evaluation anyway..i learn its the most secure way, I dont get trapped in whipsaw so much..my 5 cents after 10 years.

I will attach one chart of mine and add some commands, hope I did't piss off the owner of this thread, just wanted give a little inside from my side..

I cant go into my trading deeper, because it would take to much out off the system shown here, which I think is a good one, stick with it but follow the trend dont trade against it you will regret it in the long term, dont care what everybody ells says, i lived it and I learned my lesson paying with my hard earned money

Last but not least:
patience is a virtue, no patience
you will lose believe me no matter what strategy you use,
I promise you this
it is easier to trade an established trend, but its not a guarantee either
Guarantees do not exist in trading only opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 119 KB
  • #3,157
  • Aug 20, 2019 12:05pm Aug 20, 2019 12:05pm
Here is some trades, please let me know if any mistakes.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.PNG Size: 64 KB

1. Crossover trade

Attached Image (click to enlarge)
Click to Enlarge Name: continuation trade.PNG Size: 62 KB

2. Chance to be a continuation trade but need to wait the indicator give "instruction"

Attached Image (click to enlarge)
Click to Enlarge Name: continue.PNG Size: 52 KB

3. a potential continuation trade, need to wait the candle change to red and below ema.

Attached Image (click to enlarge)
Click to Enlarge Name: croos.PNG Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cross.PNG Size: 61 KB

4. crossover trade is formed

Attached Image (click to enlarge)
Click to Enlarge Name: Choppy.PNG Size: 97 KB

5. all of these chart for me is quite choppy and i will not open any trade.
  • #3,158
  • Aug 20, 2019 12:20pm Aug 20, 2019 12:20pm
GB/NZ up maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 154 KB
  • #3,159
  • Aug 20, 2019 12:24pm Aug 20, 2019 12:24pm
Quoting Jefflee
Here is some trades, please let me know if any mistakes. {image} 1. Crossover trade {image} 2. Chance to be a continuation trade but need to wait the indicator give "instruction" {image} 3. a potential continuation trade, need to wait the candle change to red and below ema. {image} {image} 4. crossover trade is formed {image} 5. all of these chart for me is quite choppy and i will not open any trade.

well what is your question, I dont see you took any trades yet

BTW: less indicator is more
  • #3,160
  • Aug 20, 2019 12:30pm Aug 20, 2019 12:30pm
Quoting 40PipsAlan
GB/NZ up maybe? {image}


looks like you are ruining into resistance, be careful
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RobinHood