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Trading Made Simple(r)

  • #3,201
  • Aug 21, 2019 11:29pm Aug 21, 2019 11:29pm
Quoting emmanuel7788
{quote} with a much weaker Kiwi, why not long EURNZD and GBPNZD? close by tomorrow because we have Jackson Hole Symposium and G7 meeting. Boris J wíll not get what he wants ... too bad.
I look at those too but USD and JPY was stronger than EUR and GBP at the time of entry. I do not care about news/meetings like RH. I trail my stop loss candle by candle and hope for the best
  • #3,202
  • Aug 21, 2019 11:52pm Aug 21, 2019 11:52pm
Quoting josi
{quote} A lot of resistance - this fascinating downturn may be coming to an end and price may turn upwards - but then again there may be enough time for you to cash in... Time will tell
RH wrote in some posts that he do not care about support/resistance because you never know if it will hold or break.

Another thing is that we already have had reactions on the support: Price have reacted and gone up, now it's going down. But we will never
know if it's will continue down (maybe we will have a false breakout of these trades?).
  • #3,203
  • Aug 21, 2019 11:58pm Aug 21, 2019 11:58pm
Quoting kirinda
{quote} RH wrote in some posts that he do not care about support/resistance because you never know if it will hold or break.
Can't say I agree to that.
Never? Really?
Sometimes you can tell - i. e. if it is tested again and again with little rejection - there will be a breakout.
And then there is divergence and loss of momentum. If you have a double bottom with lots of divergence and loss of momentum, there is a more than 50 percent chance it will be rejected.
So - always and never....
These words normally tell you that people are generalising instead of analysing.
  • #3,204
  • Aug 22, 2019 12:04am Aug 22, 2019 12:04am
Quoting josi
{quote} Can't say I agree to that. Never? Really? Sometimes you can tell - i. e. if it is tested again and again with little rejection - there will be a breakout. And then there is divergence and loss of momentum. If you have a double bottom with lots of divergence and loss of momentum, there is a more than 50 percent chance it will be rejected. So - always and never.... These words normally tell you that people are generalising instead of analysing.
I do not analyze I only checks the indicators on 4H and that we have a trend on 1D (when I check the trend on 1D I also check that most of
the indicators is on the same side of the 50 line as 4H)
  • #3,205
  • Aug 22, 2019 12:19am Aug 22, 2019 12:19am
Quoting kirinda
{quote} I do not analyze I only checks the indicators on 4H and that we have a trend on 1D (when I check the trend on 1D I also check that most of the indicators is on the same side of the 50 line as 4H)
Well, I hope this works out for you.
  • #3,206
  • Aug 22, 2019 12:51am Aug 22, 2019 12:51am
Quoting josi
{quote} Well, I hope this works out for you.
For this two trades I do not know. In the long run I think so.

Check post 119 and post 2159 by RH: https://www.forexfactory.com/showthr...5#post12298895
https://www.forexfactory.com/showthr...7#post12408867
  • #3,207
  • Aug 22, 2019 1:20am Aug 22, 2019 1:20am
my continuation trades this wek on daily time frame
two small losses

I bought usdcad and exit when ha bar close red
Attached Image (click to enlarge)
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I sold eurjpy and exit when ha bar close blue
Attached Image (click to enlarge)
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  • #3,208
  • Aug 22, 2019 1:41am Aug 22, 2019 1:41am
Current trades...
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #3,209
  • Aug 22, 2019 1:45am Aug 22, 2019 1:45am
Quoting Marcusv007
Current trades... {image}
Looking good bossman
  • #3,210
  • Aug 22, 2019 2:11am Aug 22, 2019 2:11am
Ref: https://www.learntotradethemarket.co...=%27mindset%27
Understand the power of patience

I think one of the biggest realizations that allowed me to turn the corner in my own trading was that I didn’t have to trade a lot to make a decent monthly return. Think about it, most people consider a 6% annual return very good for a savings account, and if you average 12% a year on your retirement fund you are pretty happy. So why is it that most traders expect to make 100% a month or some other unrealistic return? What’s wrong with making 5 or 10% a month? That’s still exceptional over the course of one year. Whilst I can’t imply you will make a certain percentage per month, if you just understand that slower and more consistent gains are the way to long-term success in the markets, you will be far better off at the end of each trading year. Here are some other points to consider about patience:
• Learn to trade on the daily charts first – By learning to trade on the daily chart time framesfirst, you will naturally take a bigger-picture approach to the markets and you’ll avoid most of the temptation to over-trade that the lower time frames induce. Beginning traders especially need to slow down and learn to trade off the daily charts first. Daily charts provide the most relevant and practical view of the market. YOU DO NOT HAVE TO TRADE EVERYDAY to make a solid return each month.
• Quality over quantity – I consider myself a “sniper” of the market; I wait and I wait and I wait, sometimes for days or even 1 week without trading, then when I see a price action setup that triggers my “this one is a no-brainer” alarm…I pull the trigger with ZERO emotion. I am always fully prepared to lose the money I have risked on any one trade because I do not trade unless I am 100% confident that my price action trading edge is present.
• User your ‘bullets’ wisely – To really hammer-home the power of patience in developing the proper trading mindset, you need to understand that being patient will work to instill positive trading habits within you. Patience reinforces positive trading habits, whereas emotional trading reinforces negative ones. Once you begin to trade patiently you will see how using your “bullets” wisely works…you only need a few good trades a month to make a respectable return in the markets, after you achieve this via patience, you will learn to enjoy NOT being in the markets…because it’s then that you are “hunting your prey”. This in contrast to the frazzled and frustrated trader who is staying up all night staring at the charts like a trading zombie who just will not accept that they need to trade less often.
The more you learn, the more you see
  • #3,211
  • Aug 22, 2019 2:18am Aug 22, 2019 2:18am
Quoting forexdg
my continuation trades this wek on daily time frame two small losses I bought usdcad and exit when ha bar close red {image} I sold eurjpy and exit when ha bar close blue {image}
Looks like USD/CAD going up again. Maybe consider having another indicator turn before closing the trade as well as HA colour change.
HMA colour change
RSI cross 50

Or just leave till SL hit. Better still TP hit
  • #3,212
  • Aug 22, 2019 2:23am Aug 22, 2019 2:23am
Hello everyone!

Here I post my results of the last 4 weeks. At the weekend I will analyze every single trade and create a pdf with the charts.

What I can already say after superficial and fast analysis: if I had looked at the D1 before every trade, I would not have made a large part of the trades. For example, I would not have made a single trade this week.

Maybe someone has some ideas, best regards ...
Attached Image(s) (click to enlarge)
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  • #3,213
  • Aug 22, 2019 2:37am Aug 22, 2019 2:37am
Quoting Rob_Trader
Hello everyone! Here I post my results of the last 4 weeks. At the weekend I will analyze every single trade and create a pdf with the charts. What I can already say after superficial and fast analysis: if I had looked at the D1 before every trade, I would not have made a large part of the trades. For example, I would not have made a single trade this week. Maybe someone has some ideas, best regards ... {image} {image} {image} {image}
Hi Rob_Trader, maybe it would be better to post 1/2 charts that you would like to ask where the problem is...
  • #3,214
  • Aug 22, 2019 2:44am Aug 22, 2019 2:44am
Quoting moRTaL
{quote} Hi Rob_Trader, maybe it would be better to post 1/2 charts that you would like to ask where the problem is...
That will follow on the weekend.
  • #3,215
  • Aug 22, 2019 3:57am Aug 22, 2019 3:57am
Quoting vortexz
Only losing trades lately ... I can't see a single winning trade on charts As soon as there is a valid signal, the price goes the other way
you are that guy who make people lose money with his trading signals on zulu
BUSTED
you call your self trader and you justwant peple to use your aff link
bad reviews about vortexsignals on the internet and people are complaining
you here now to recruit more victims for your zulu signal?
  • #3,216
  • Aug 22, 2019 3:58am Aug 22, 2019 3:58am
Quoting emmanuel7788
{quote} well the market made a pause and came back for some of you who missed the last setup... now is a chance for CONTINUATION setup. {image} risk 1R ... reward unknown
emmanuel
I see stoploss is not on h4
you use stoploss on d1
it is one candle back stoploss? it looks like it
  • #3,217
  • Aug 22, 2019 5:31am Aug 22, 2019 5:31am
Its key to understand the market conditions you intend to trade using TMSr. This method loves a liquid market with trends to surf if they are none existent my suggestion would be to step back and be patient. As we suspected yesterday normal service has resumed today! lol
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #3,218
  • Aug 22, 2019 7:18am Aug 22, 2019 7:18am
Quoting moRTaL
{quote} 41st trade: AN: H4 in line with D1 and W1 certaily gives a higher probability.. {image}

well I was right and I was wrong...nice trade
  • #3,219
  • Edited 11:22am Aug 22, 2019 7:33am | Edited 11:22am
Banked 1100+ pips on GBPNZD. Banked my pips earlier, then working off a very strong RSI across various time frames, breakout and Trends across multiple Time frames again so I added to my positions. Trading done for the day! Ive never done 1455pips in a single day. All Thanks to this method and the wealth of information in this thread. Grazie.
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #3,220
  • Edited 9:40am Aug 22, 2019 8:07am | Edited 9:40am
For those of you who feel like RobinHood's method isn't working, you have to remember that he is an experienced trader. He's done a great service to FF with showing his system. RH, I hope you don't mind me posting this, but I feel like this might give other traders clarity and that's goal of this amazing thread. If people don't like what I'm posting, I'm okay with that because I stay profitable and I only answer to myself... as we all do.

I like RH's original Stochastic Indicator/RSI but I personally like the Sto Indi with alerts and I've changed the settings as you can see in the charts. At these settings, the Sto will always go from 5-10% then reverse to 90-95% and vice versa. Then look at the Bollinger Band alerts and watch for RH's rules for RSI crossover and HMA/MA crossovers. Personally, I enter trades much earlier but that's just me. If you don't like arrows, don't add the BB alert indi, but if this method is taking you for a spin, I suggest adding them and watching them with RH's original rules for a while.

The other indicator I use consistently that really helps is the DWM Ranges with Alerts. Yes, I like alerts. I can receive an alert, look at a chart, and in seconds tell whether it's a trade I want to take. Like most of you, I don't have much time to waste so alerts and clear charts make my trading life fast and efficient.

This works for me and I hope it helps some of you.

Cheers!
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: ex4 BB_Alert Arrows.ex4   11 KB | 466 downloads
File Type: mq4 Stochastic Alert v1.1.mq4   5 KB | 437 downloads
File Type: ex4 DWMRanges_wAlerts.ex4   22 KB | 468 downloads
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