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Trading Made Simple(r)

  • #3,221
  • Aug 22, 2019 10:25am Aug 22, 2019 10:25am
Quoting Marcusv007
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 1350pips in a single day. All Thanks to this method and the wealth of information in this thread. Grazie. {image}
I feel a masterclass coming on
  • #3,222
  • Aug 22, 2019 10:27am Aug 22, 2019 10:27am
Quoting OnAJourney
For those of you who feel like RobinHood's method isn't working, ...
Hi,
Please can you give your TPL ?
Thanks a lot
Santé
jean-françois
  • #3,223
  • Aug 22, 2019 10:32am Aug 22, 2019 10:32am
I want to thank everyone for all the new contributions. Hopefully we will all greatly benefit from them.

As I said in Post # 1...

"My hope is that other traders will recognize the power of these templates and contribute even more ways to trade them, hopefully in ways even more effective than I have presented, and that they help traders make a lot more money trading the Forex."

I love seeing it happen!
Always a Student, Never a Master - Emulate What Works
  • #3,224
  • Aug 22, 2019 10:46am Aug 22, 2019 10:46am
Another post for more clarity (hopefully)...

Taking a look at CADJPY which is basically ranging and popping up and down the RSI at 50%. Well, take a look at where it's at between the Daily Range High and Low. It's right in the middle. It's waiting for news somewhere in the world to make it move. Until then, it's just churning. The Stochastic has already been been below 10% and hit the Monthly/Weekly low so my best educated guess is the pair is headed north but I won't enter a trade until it becomes clear. I don't want to end up getting chewed up in a churning market. So, as both RobinHood and Emmanuel stress, look at the higher time frames.

Ps. This is just an extra chart so don't pay attention to the enlarged Market Price in the upper right corner. It's not right because I didn't add the indi to it so don't give me a hard time. It has nothing to do with the chart

Cheers!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CJ 4 HR.PNG Size: 96 KB
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Click to Enlarge Name: CJ Weekly.PNG Size: 108 KB
  • #3,225
  • Aug 22, 2019 11:04am Aug 22, 2019 11:04am
Quoting le celte
{quote} Hi, Please can you give your TPL ? Thanks a lot Santé jean-françois
Jean-Francois, my TPL is the same as RobinHood's original. I just changed RH's Stochastic for the one I posted with alerts and the other two indicators. If you're new to trading and don't understand how to do this, private message me and I'll help you. I don't want to hijack what RH is doing here and all I've done is add a couple of things to his amazing system to make things more clear for ME.

Cheers!
  • #3,226
  • Aug 22, 2019 11:18am Aug 22, 2019 11:18am
Quoting OnAJourney
Another post for more clarity (hopefully)... Taking a look at CADJPY which is basically ranging and popping up and down the RSI at 50%. Well, take a look at where it's at between the Daily Range High and Low. It's right in the middle. It's waiting for news somewhere in the world to make it move. Until then, it's just churning. The Stochastic has already been been below 10% and hit the Monthly/Weekly low so my best educated guess is the pair is headed north but I won't enter a trade until it becomes clear. I don't want to end up getting chewed up...

Hey OnAJourney - thanks for sharing. One thing that stands out for me on your chart is those arrows. Are they fractals? They seem to appear, just before the market turns. Have those been manually drawn? If not, do they repaint (I mean if they indicate a short... and market moves higher, they disappear and then reappear when the price hits a high?).
  • #3,227
  • Edited 11:36am Aug 22, 2019 11:26am | Edited 11:36am
Quoting Viv108
{quote} Hey OnAJourney - thanks for sharing. One thing that stands out for me on your chart is those arrows. Are they fractals? They seem to appear, just before the market turns. Have those been manually drawn? If not, do they repaint (I mean if they indicate a short... and market moves higher, they disappear and then reappear when the price hits a high?).
Hey Viv, those are the Bollinger Band arrows. They can repaint, I don’t really care about that personally. What they do is give me a head’s up alert and then I look at the stochastic next (above 90% or below 10%). I also check where price is at with the DWR Ranges. RobinHood’s method of trading becomes very clear. Also, watch what all of this does on a 1 HR chart. Price moves perfectly with the Daily high and low... compare with higher time frames.

Let me know if you need more clarification.
  • #3,228
  • Aug 22, 2019 11:27am Aug 22, 2019 11:27am
Quoting forexdg
{quote} emmanuel I see stoploss is not on h4 you use stoploss on d1 it is one candle back stoploss? it looks like it
that is a Weekly crossover trade setup with H4 entry.
initial SL below the H4 consolidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,229
  • Aug 22, 2019 11:56am Aug 22, 2019 11:56am
Quoting RobinHood
I want to thank everyone for all the new contributions. Hopefully we will all greatly benefit from them. As I said in Post # 1... "My hope is that other traders will recognize the power of these templates and contribute even more ways to trade them, hopefully in ways even more effective than I have presented, and that they help traders make a lot more money trading the Forex." I love seeing it happen!
template#1 will work for me. ENTRY conditions based on 7 indicators is good and I will know my results when I completed 3,000 trades, this may take 24 to 36 months.

it is the choice of EXIT, well if I have to pick 1 of the 11, then it would be No. 1

Perhaps, we all can add just one more EXIT_12... "Trump Tweet exit".

Is it time for some of your ADVANCED things yet?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,230
  • Aug 22, 2019 12:02pm Aug 22, 2019 12:02pm
Quoting emmanuel7788
{quote} template#1 will work for me. ENTRY conditions based on 7 indicators is good and I will know my results when I completed 3,000 trades, this may take 24 to 36 months. it is the choice of EXIT, well if I have to pick 1 of the 11, then it would be No. 1 Perhaps, we all can add just one more EXIT_12... "Trump Tweet exit". Is it time for some of your ADVANCED things yet?
Not yet. I am working on a couple of things that are complicated to explain and I DON'T want to post any of them until I am sure that they will have a positive effect AND without imparting too much confusion vs. what we do now.
Always a Student, Never a Master - Emulate What Works
  • #3,231
  • Aug 22, 2019 12:10pm Aug 22, 2019 12:10pm
Quoting OnAJourney
{quote} I just changed RH's Stochastic for the one I posted with alerts and the other two indicators ...
Ok, thanks a lot
Belle soirée à toi
jf
  • #3,232
  • Aug 22, 2019 2:27pm Aug 22, 2019 2:27pm
Quoting Marcusv007
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. {image}
Awesome results!
Could you post a screenshot of your GBPNZD trade? you banked in 860+ pips but I cannot figure out where you entered at that price & why. On my chart it corresponds at where price was at around the 30th of July, and the TMMS oscillator is full red around that area. So that would be helpful if you could explain that one, thanks
  • #3,233
  • Aug 22, 2019 5:15pm Aug 22, 2019 5:15pm
Quoting emmanuel7788
{quote} that is a Weekly crossover trade setup with H4 entry. initial SL below the H4 consolidation.
I looked at w1 chart and it wasnt crossover at candle close
it was cross over at candle open (this week open)
I put crosshair on last week bar and stochastics 14 didnt cross at close
  • #3,234
  • Aug 22, 2019 5:20pm Aug 22, 2019 5:20pm
Quoting 40PipsAlan
{quote} 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
thank you
I try follow robinhood method and maybe he can coment if one of these should triger exit or two like you said
if its mechanical strategy then rules must be clear for exit
Exit Methods

Just some of the possible ways...

1. Candles change to the opposite color(s)

2. RSI crosses the Purple 50 Line in the opposite direction

3. HMA Line turns the opposite color

4. A candle closes on the opposite side of the Yellow Line

5. One or both Stochastics cross the Purple 50 Line in the opposite direction

6. The HMA Line and the Yellow Line cross to the opposite direction

7. Stop Loss (including a trailing stop) gets hit

8. Profit Target is reached

9. The market stalls, or slows down to a crawl, or gets choppy

10. The trend changes direction

11. Plus many others, such as: Fibonacci spots, support and resistance areas, retracements, time of day, holidays, weekends, etc.
  • #3,235
  • Aug 22, 2019 5:53pm Aug 22, 2019 5:53pm
Quoting foureggs
{quote} well I was right and I was wrong...nice trade
hi, thx, no worry about being wrong.. as long as we improve in this low chance of success of retail forex trading, nothing could be better here.. here is a post 553 by Emm and post by DrDAve post 3046 that reminds me how true it is while some may feel dejected for many losing trades or being wrong (including me of course previously, but much less/no now)...
  • #3,236
  • Aug 22, 2019 6:22pm Aug 22, 2019 6:22pm
Quoting vortexz
{quote} No, you don't understand what I'm saying Nobody is showing the strategy is working long-term, that's what i'm saying Posting only the winning trades doesn't prove anything If you are so offended by what i'm saying, just prove i'm wrong by showing a real trade history of more than just 6 months that is showing how profitable this strategy this is Even more, RH or anyone else from this thread can open a trader account on ZuluTrade on MyFXbook where all trading history is being verified then we would all see how profitable the strategy can...
Hmmm - just reading through some old posts and see there is a "Do all the work for me type here................." RH doesn't have to prove ANYTHING to you - you prove it to yourself by back testing and forward testing. Could you post the results of all your back testing please??? Too much like hard work for you huh??? Want this in an EA huh?? Pfffrt - lol!!!
  • #3,237
  • Aug 22, 2019 7:09pm Aug 22, 2019 7:09pm
Quoting forexdg
{quote} thank you I try follow robinhood method and maybe he can coment if one of these should triger exit or two like you said if its mechanical strategy then rules must be clear for exit Exit Methods Just some of the possible ways... 1. Candles change to the opposite color(s) 2. RSI crosses the Purple 50 Line in the opposite direction 3. HMA Line turns the opposite color 4. A candle closes on the opposite side of the Yellow Line 5. One or both Stochastics cross the Purple 50 Line in the opposite direction 6. The HMA Line and the Yellow Line cross...
You wrote: if its mechanical strategy

It's not. It's a set of methods where you decide when and how to enter and exit.
Always a Student, Never a Master - Emulate What Works
  • #3,238
  • Aug 22, 2019 7:35pm Aug 22, 2019 7:35pm
Quoting RobinHood
{quote} I was not able to get the Lot Size Calculator to work that neil001 posted, but I found another one that did work for me. If anybody has the same problem and would like to have one, here it is: {file}
Hey RH.......the one i posted was a Script....
  • #3,239
  • Aug 22, 2019 10:11pm Aug 22, 2019 10:11pm
----ALERT--


To the people trading the US Pairs, tomorrow Friday will be a "BIG announcement" from the Federal Reserve guys, be prepared.....
"Great Men are not born great, They Grow Great."
  • #3,240
  • Aug 23, 2019 1:18am Aug 23, 2019 1:18am
Good Morning Traders, current trades open... wish all a beautiful day filled with green pips
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