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

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Trading Made Simple(r)

  • #3,261
  • Aug 23, 2019 12:05pm Aug 23, 2019 12:05pm
Bout time we got a winner
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  • #3,262
  • Aug 23, 2019 12:21pm Aug 23, 2019 12:21pm
Quoting RobinHood
{quote} 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.
how you decide when to exit?
what is the rule?
what make you exit?
emmanuel said its mechanical and I thought indicators tell when to enter and when exit, I thought indicators decide
Im lost now
  • #3,263
  • Aug 23, 2019 12:24pm Aug 23, 2019 12:24pm
stop loss on eurcad two candles back like the rules say
d1 continuation trade lost
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  • #3,264
  • Aug 23, 2019 12:29pm Aug 23, 2019 12:29pm
d1 eurjpy sell go in next week
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d1 gbpcad buy go in next week
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  • #3,265
  • Aug 23, 2019 12:32pm Aug 23, 2019 12:32pm
I see some people panicking because they had a tough week or two. I say: "BIG DEAL - Suck it up Cupcake"

I see them changing from what did make them money to something totally different that has never made them any money (and probably never will).

"A Downing Man Will Reach for ANYTHING!"

Here's my all time favorite poem:

"Don’t Quit."

When things go wrong, as they sometimes will,
When the road you’re trudging seems all uphill,

When the funds are low and the debts are high,
And you want to smile, but you have to sigh,

When care is pressing you down a bit,
Rest, if you must, but don’t you quit.

Life is queer with its twists and turns,
As every one of us sometimes learns,

And many a failure turns about,
When he might have won had he stuck it out;

Don’t give up though the pace seems slow–
You may succeed with another blow.

Often the goal is nearer than
It seems to a faint and faltering man,

Often the struggler has given up,
When he might have captured the victor’s cup,

And he learned too late when the night slipped down,
How close he was to the golden crown.

Success is failure turned inside out–
The silver tint of the clouds of doubt,

And you never can tell how close you are,
It may be near when it seems so far,

So stick to the fight when you’re hardest hit–
It’s when things seem worst that you mustn’t quit.

- Author Unknown.

---------------------------------------------------------

My advice is:

EMULATE WHAT WORKS!
Always a Student, Never a Master - Emulate What Works
  • #3,266
  • Aug 23, 2019 12:34pm Aug 23, 2019 12:34pm
Quoting le celte
Hi all, More visual (for me). Everything is blue or red Santé jf {image}
Hi, could you share the trend channel indicator?
Thanks
Attached Image
"Great Men are not born great, They Grow Great."
  • #3,267
  • Aug 23, 2019 12:38pm Aug 23, 2019 12:38pm
Quoting RobinHood
EMULATE WHAT WORKS!
Quite right!
But wouldn't it be very helpful to clearly state under which precise conditions the RH-strategy works very well and under which (i. e. tight ranges) it is very problematic, especially for people who don't know much about chart analysis?
  • #3,268
  • Edited 1:32pm Aug 23, 2019 1:04pm | Edited 1:32pm
Quoting josi
{quote} Quite right! But wouldn't it be very helpful to clearly state under which precise conditions the RH-strategy works very well and under which (i. e. tight ranges) it is very problematic, especially for people who don't know much about chart analysis?
There is no precise set of conditions for the way I trade, and so I can't present one even if I wanted to.

My intention with this thread was never to "spoon feed" people, but just to hopefully "help" them learn some new methods to trade better...be it mine other other trader's.

I gave a list of the ALL of the indicators I use (and continue to when I add more) AND I've explained many of the ways that they could be used, and that's really as far as I intend to go.

Life many other things in life, people must EVENTUALLY learn to "sink or swim" when it comes to trading.

And, unfortunately, at some point, some people need to admit to themselves that they are just not cut out to be a trader.
Always a Student, Never a Master - Emulate What Works
  • #3,269
  • Aug 23, 2019 2:15pm Aug 23, 2019 2:15pm
Quoting 40PipsAlan
Bout time we got a winner {image}
Hi there. Could you please share the indicator that has the arrows and profit counter on your chart? Thanks.
  • #3,270
  • Aug 23, 2019 2:26pm Aug 23, 2019 2:26pm
Quoting sandecoconut
{quote} Hi there. Could you please share the indicator that has the arrows and profit counter on your chart? Thanks.
Here u go.
The arrows are based on the TDI and come from the Trading made simple thread. Sometimes a candle late for entries but quite useful.
Attached File(s)
File Type: ex4 pipsometer_5_decimal.ex4   14 KB | 313 downloads
File Type: mq4 pipsometer_5_decimal.mq4   5 KB | 290 downloads
File Type: ex4 TMS-Osc Cross.ex4   22 KB | 264 downloads
File Type: mq4 TMS-Osc Cross.mq4   12 KB | 297 downloads
  • #3,271
  • Aug 23, 2019 2:47pm Aug 23, 2019 2:47pm
Can someone post smTMMS Oscillator_v5.0 link?
thanks
  • #3,272
  • Aug 23, 2019 2:51pm Aug 23, 2019 2:51pm
Ok... walk of shame...
Worst week ever. What's the opposite of Midas, like whatever I touch turns to shit?
Personal record of 13 (!) losers, with 8 consecutive ones.

Here's the report:
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And a few samples:
USDCHF H4: This one shouldn't have been a loser, only a BE at worst. Didn't pay attention that the SL hadn't been moved.
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EURAUD H4: Continuation:
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EURUSD H4, Continuation:
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Yes it's demo. Still, it sucks to see the small progressive gains made from the beginning all vanish in one week. That's -10R from the beginning, with a constant sizing of 1% / trade.

Oh well, "BIG DEAL - Suck it up Cupcake"
  • #3,273
  • Aug 23, 2019 2:59pm Aug 23, 2019 2:59pm
Quoting Barraka
Ok... walk of shame... Worst week ever. What's the opposite of Midas, like whatever I touch turns to shit? Personal record of 13 (!) losers, with 8 consecutive ones. Here's the report: {image} And a few samples: USDCHF H4: This one shouldn't have been a loser, only a BE at worst. Didn't pay attention that the SL hadn't been moved. {image} EURAUD H4: Continuation: {image} EURUSD H4, Continuation: {image} Yes it's demo. Still, it sucks to see the small progressive gains made from the beginning all vanish in one week. That's -10R from the beginning,...
Its all history now boss. Next week will fix it. Recommend a breakeven EA -I use FPA trailing stop which you can lock in 20 pips or whatever automatically.
  • #3,274
  • Aug 23, 2019 3:02pm Aug 23, 2019 3:02pm
Quoting 40PipsAlan
{quote} Here u go. The arrows are based on the TDI and come from the Trading made simple thread. Sometimes a candle late for entries but quite useful. {file} {file} {file} {file}
Thanks.
  • #3,275
  • Aug 23, 2019 4:41pm Aug 23, 2019 4:41pm
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..
Hi guys, just want to share this result... frankly i never would have imagined that i would be demo trading using W1 timeframe... never ever... it is nuts.. but in the end i guess it is better to emulate what works right, especially if it has been repeated a few times... based on post 2859 , post 2182, post 2183, post 2844, post 1825.

1st try was 2 weeks ago, it went haywire as not enough lots entered according to position sizing for the different currencies. It was due to entering the the lots using H1 TF.

2nd try using M30, again gone haywire... why i choose H1 and M30 is because i don't really like to check per 5 min to enter those lots..

Here is the third try, using M5 as entry this time... jumping the M15 TF... result is not bad, +4.89% for TMSr W1, not much work especially only entering those lots on the 1st half day of monday, and didn't care about locking profits (it's demo...lol..).. I will try to continue this W1 TMSr for a total of 20 weeks..

Anyway, i'm still confused as to when would be the best to start locking profits.. Imho, all i could think was if PA has reached to TP=3x100ADR then i would move it to BE + '?' pips or trail 2 bar H/L D1? Is there alternatives? What do you think on average would be a better choice? Thx in advance..
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  • #3,276
  • Edited 1:28am Aug 24, 2019 12:58am | Edited 1:28am
Quoting MyProfit
{quote} Hi, could you share the trend channel indicator? Thanks {image}
Hi,
It's "D" it is his name,from BTM. It's a simple MTF MA Channel
The higher trend is your friend. Don't trade against
For me the best is : H4 / Trend D1
M15 / Trend H4

Santé
jf
Attached File(s)
File Type: ex4 D.ex4   28 KB | 378 downloads
  • #3,277
  • Aug 24, 2019 2:04am Aug 24, 2019 2:04am
Quoting RobinHood
{quote}My intention with this thread was never to "spoon feed" people, but just to hopefully "help" them learn some new methods to trade better...be it mine other other trader's.
Quite so - but some people use your methodology extremely mechanically and - if you believe the postings - some lost real money because they didn't understand that what you so generously offered were instruments to be used when the market was in a trending move - ONLY.
So - once you had offered your gift to the community - some made excellent use of it, and some less so by disregarding basic price action principles.
And suddenly the question of responsibility arises: should you - as you are now quite aware of the fact that some were incapable of making good use of your gift - tell them that there is a framework within which your methodology works, while outside of it: it most likely will cause losses?
It's one thing to call yourself RobinHood, it's quite another thing to act as RobinHood..
That's just my honest opinion. I hope you won't block me for trying to express it.
  • #3,278
  • Aug 24, 2019 2:18am Aug 24, 2019 2:18am
Quoting Fearofgod
Can someone post smTMMS Oscillator_v5.0 link? thanks
Here u go
Attached File(s)
File Type: ex4 smTMMS Oscillator_v5.0.ex4   29 KB | 336 downloads
File Type: mq4 smTMMS Oscillator_v5.0.mq4   14 KB | 393 downloads
  • #3,279
  • Aug 24, 2019 3:30am Aug 24, 2019 3:30am
Quoting 40PipsAlan
{quote} Here u go {file} {file}
Does this version have mt5?
  • #3,280
  • Aug 24, 2019 5:21am Aug 24, 2019 5:21am
Results trading 4h charts - Robinhood suggested pairs with the entry method described in post #1. I didn't always move to m5 for entry however. Stop was set two bars back with take profit of 2r. Once 1r was achieved, my stop was moved to BE +5 and tightened up from there based on positive price movement.

Interesting to note that as I exited trades I would leave the fib on the chart set to show reward levels. A few days later when returning to the charts, 3-6r was achieved in many cases without significant pullbacks. So there's something to be said for less aggressive trailing but to each their own.

Attached Image (click to enlarge)
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Blessed is the one who takes refuge in Him.
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