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Trading Made Simple(r)

  • #3,301
  • Aug 24, 2019 5:15pm Aug 24, 2019 5:15pm
Quoting DrDave
{quote} The utter nonsense is appropriate here because you stated in a tone of fact, "...you have to know S/D". You have a bad habit of making statements that have the appearance of being facts, but you give no supporting evidence. This is a disservice to traders that have little education or experience in trading, because they perceive that the "expert" said it, so it must be the way it is. No one HAS to know S/D to make money trading, contrary to your statement that one HAS to know it. Or is this just your OPINION? You make a claim that S/D dominates...

I will respond one more time, because this is for trader not for utterly out off tough statement. and trying to start a fight.

perhaps I quoted it somehow wrong..and no its not an opinion its fact, S/D is a fact
but I want go into something a Dr.. is trying to make it
utterly nonsense..


PS: did you say you trade for a living, or is it only a hobby, you forgot to answer
And yes I support my statement, its necessary to know something about S/D to become a more profitable trader..
no matter what TF...it helps one tremendous

but I guess you can proof me wrong, because this was your goal from beginning
the problem is..you did not!


have a great weekend,
BTW: I hope you are not a real DR...
  • #3,302
  • Edited 6:26pm Aug 24, 2019 5:20pm | Edited 6:26pm
Quoting neil001
{quote} Yep RH - you are totally to blame for not spoon feeding every newcomer here - There is no need for them to do ANY research, backtesting or know anything about mm......it's your fault that the process is not spelt out completely and I'm flabbergasted that people would come on here (or anywhere in fact) and expect to be handed a process that makes the money with no thought at all.............it's tantamount to walking into a Doctors office and complaining you don't know how to operate and have the patient survive!!!???? What right do the losers...
No matter how much you GIVE to some people, it's NEVER enough.

I have often said that you could stand on a street corner and just hand out $100 bills to everyone and some people would still complain that it's not enough.

I TRULY WISH that someone had of just given me all the stuff that I've given in this thread because it only took me WELL OVER a DECADE to learn it for myself.

Here's just a part of my trading library...

Attached Image (click to enlarge)
Click to Enlarge Name: RobinHood's Trading Library.JPG Size: 129 KB


Now try to imagine the investment in money and time that I've made...because that's how bad I wanted to succeed at trading. Ask yourself how much you've actually spent on your trading education.

"If You Think Education is Expensive...Try Ignorance"
Always a Student, Never a Master - Emulate What Works
  • #3,303
  • Edited 7:15pm Aug 24, 2019 6:37pm | Edited 7:15pm
Quoting foureggs
{quote} the problem moving S/L to break even can become a mentally challenge, I dont know how often but more than hundreds off times I did this, just to get stopped out and the price reversed on the pip and continued in my direction, well I was obviously not on the train anymore Studies showed even that one make more pips to get stopped out, and let price do his job than visa versa but these studies also let the trade run for 5:1 and even 10:1 I myself dont do this, I like to close trades the same day, guess about 80% off time also this depends...

Yes indeed... mentally challenging. That's the idea ─“While no methodology works in every instance . . . neither seen anything so consistent”.

Quoting RobinHood
{quote} No matter how much you GIVE to some people, it's NEVER enough. I have often said that you could stand on a street corner and just hand out $100 bills to everyone and some people would still complain that it's not enough. I TRULY WISH that someone had of just given me all the stuff that I've given in this thread because it only took me WELL OVER a DECADE to learn it for myself. Here's just a part of my trading library... {image} Now try to imagine the investment in money and time that I've made...because that's how bad I wanted to succeed...

Wow! so much book to read... ; )─

Learn from what people do as much as what they say/write (on trading books).

One could write a trading book (earn as well without trading) or launch a blog/vlog or even forum thread that contains strategies and methods with such a collection of books ─read/studied/research, and then trade with gained wisdom from these books.

Anyway, just like what Ray Dalio would say... “Be wary of the arrogant intellectual who comments from the stands without having played on the field.”
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #3,304
  • Aug 24, 2019 9:55pm Aug 24, 2019 9:55pm
Quoting RobinHood
{quote} "If You Think Education is Expensive...Try Ignorance"
i`m a poor person from the third world & i decided to write this post to say : thank you very much for everything that you gave us in this thread.
its very hard to find a person (such as you) who publish "true" trading knowledge "for free".
just do not get upset by the negative posts from some people here, as they do not appreciate the time,knowledge & effort that you dedicated to give us.

those haters will pay thousand of dollars to buy useless trading courses, and when they get matured, they will understand the real value of your posts.

also, remember that you cant satisfy 100% of people. its impossible.
even the GOD himself couldn't satisfy 100% of people (i mean some people still don`t believe in GOD)
  • #3,305
  • Aug 25, 2019 12:40am Aug 25, 2019 12:40am
Quoting Sajidhelp
{quote}thank you very much for everything that you gave us in this thread.
Bonjour,
Yes, I'm agree

Thank you so much RobinHood !

Santé (Cheers)
jean-françois
  • #3,306
  • Aug 25, 2019 1:15am Aug 25, 2019 1:15am
Quoting foureggs
{quote} I will respond one more time, because this is for trader not for utterly out off tough statement. and trying to start a fight. perhaps I quoted it somehow wrong..and no its not an opinion its fact, S/D is a fact but I want go into something a Dr.. is trying to make it utterly nonsense.. PS: did you say you trade for a living, or is it only a hobby, you forgot to answer And yes I support my statement, its necessary to know something about S/D to become a more profitable trader.. no matter what TF...it helps one tremendous but I guess you...

Wouldn't even waist your time in answering or defending to the good DR. He's a notorious troll on FF..

Hope your week ahead is good foureggs.. I could do with a little luck
  • #3,307
  • Aug 25, 2019 1:28am Aug 25, 2019 1:28am
Quoting foureggs
{quote} I agree with you, but all make their own decisions, nobody has to trade like this. Trader include myself ( well not anymore but it hunted me for years), looking for the Holy Grail most dont understand the basics of a chart and for this the flow, less do they understand price action No one indicator is as good as is to know price action, indicators are showing past time, they show what happen yesterday or an hour ago, depends on the TF used yes they can help, but at the end the market is not dictated from indis, but from Market Makers, and...
Well said Foureggs. What I take from your reply.

1. Stop looking for the holygrail it doesnt exist, outside of doing the work; do your homework, learn the basics, understand the fundamentals it will help you develop a system that suits the person you are, your strengths your weaknesses etc,,,
2. We are trading our own beliefs of the market, therefore what are your beliefs about the market then develop & test your trade plan in accordance using this method.
3. Have a clear cut strategy with your targets and rules to "your plan". You must have a game plan when you trade.
4. You finished with the most important point for me, Mindset your psychology to trading. We all came to the markets thinking we could just make a ton of money without really learning trading and therefore developed habits that are self destructive. "Behavior modification" is key to this game. There are natural human patterns that unless you learn from other well seasoned traders through online material or in a book you wont know how to address these destructive patterns.

Robinhood, this thread has given us the capability to climb that mountain, he is climbing it with us and encouraging us as we climb but he wont carry you up the mountain to the top you must do that yourself.
The more you learn, the more you see
  • #3,308
  • Aug 25, 2019 1:37am Aug 25, 2019 1:37am
I hope this thread doesn't descend into another slanging match like the original TMS thread. I would like to see positive comments for us newcomers to help improve our trading technique. For the seasoned traders post your screenshot with your trade entry criteria and we can all see how it pans out. Post another screenshot when you close the trade with the result good pips or bad.
  • #3,309
  • Aug 25, 2019 2:17am Aug 25, 2019 2:17am
Quoting 40PipsAlan
I hope this thread doesn't descend into another slanging match like the original TMS thread. I would like to see positive comments for us newcomers to help improve our trading technique. For the seasoned traders post your screenshot with your trade entry criteria and we can all see how it pans out. Post another screenshot when you close the trade with the result good pips or bad.
I left my USDJPY - Long trade open Friday then later saw Trump struck again, it hit my SL did you capitalize on shortintg JPY. ... lol Im starting to wonder if I need to follow Trumps tweeting? He is a man on a tanturm right now and he is no where near done with China, but he is also hurting US shares.

@Robinhood :"I TRULY WISH that someone had of just given me all the stuff that I've given in this thread because it only took me WELL OVER a DECADE to learn it for myself.

Here's just a part of my trading library..."

Jeepers; That is some collection. Really does paint a picture.
The more you learn, the more you see
  • #3,310
  • Aug 25, 2019 2:23am Aug 25, 2019 2:23am
Quoting RobinHood
{quote} I TRULY WISH that someone had of just given me all the stuff that I've given in this thread because it only took me WELL OVER a DECADE to learn it for myself.
Really? This is your answer?
For crying out loud....

Ever heard of TS Eliot's poem: The hollow men?
  • #3,311
  • Aug 25, 2019 3:08am Aug 25, 2019 3:08am
Quoting neil001
{quote} forexdg - you need to backtest the process and find out what works for YOU!!!
all look great in backtest
I backtested so such many strategies that I thought I will be milionaire 10000 times because most strategies look profitable with backtest
Im tired of backtest and to try strategies
I join this thread because I thought it give me profitable trades based on precise rule that work
I didnt know we have to test and make my own rules
I thought everything is already setup for profitale trading and we simply have to follow what is teach here
  • #3,312
  • Edited 3:28am Aug 25, 2019 3:10am | Edited 3:28am
Last weeks Trading Report. Only really traded 2.5Days

GBPUSD H4 ? (Attached in chart below, continuation Trade)
EURNZD - Daily ?
Any thoughts...

I wish a great week ahead to all! Happy Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 148 KB
The more you learn, the more you see
  • #3,313
  • Aug 25, 2019 3:14am Aug 25, 2019 3:14am
Quoting forexdg
{quote} all look great in backtest I backtested so such many strategies that I thought I will be milionaire 10000 times because most strategies look profitable with backtest Im tired of backtest and to try strategies I join this thread because I thought it give me profitable trades based on precise rule that work I didnt know we have to test and make my own rules I thought everything is already setup for profitale trading and we simply have to follow what is teach here
We shape our entire world by our words, thoughts, and beliefs. This is the Matrix. -
How you interpret the information here is what it will be to you! Is it positive or is it Negative. You will get your energy from your answer to that question.
The more you learn, the more you see
  • #3,314
  • Aug 25, 2019 3:15am Aug 25, 2019 3:15am
Quoting v2vboni
{quote} ...logically, in TA perspective... The quickest exit method to think of is the way you entered into a trade (opposite manner), then go from there... Such as, moving your SL dynamically or manually or based on your position sizing (which should be known before entry),... etc.
The quickest exit method to think of is the way you entered into a trade (opposite manner)
question is if I use 7 indicators for entry, for exit I use 1, 2, 7 or how much?
if its opposite manner like you say then this mean all 7 must be use because all 7 give entry in opposite direction
but that meantoo much room in draw down
I used bar color change (one indicator) and two candle trail back hard stoploss, but 40pipsallan said use 2 indicators for exit
I have no clue now what to do
moving your SL dynamically or manually
its easy do this when trade go in profit
but when it go in loss imediately, thats when its confusion about which rule to use to exit the trade
  • #3,315
  • Aug 25, 2019 3:16am Aug 25, 2019 3:16am
Quoting Marcusv007
Last weeks Trading Report. Only really traded 2.5Days GBPUSD H4 ? EURNZD - Daily ? Any thoughts... I wish a great week ahead to all! Happy Trading. {image}
Excellent work bossman. That’s what we want to hear and see the proof. People making pips with this system.
  • #3,316
  • Aug 25, 2019 3:21am Aug 25, 2019 3:21am
Quoting forexdg
{quote} emmanuel, you can show what you look in weekly time frame to know direction for next weel? I belive its important step to know where market is going if I take the bad direction I lose how I know the right direction when I look at w1 before new week start? its simply a bar close on one side of the yellow 5ema? its all 7 indicators? its something else? your help is apreciate

what some missed last Week 34:

GBPNZD Week 34 Aug 19 to 23

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 34 Aug 23 Close 25-08-2019 16-11-01.png Size: 59 KB


GBPAUD Week 35 Aug 26 to 30,

when New York Sunday opens in about 12½ hours ... you will see if there is a setup

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 34 Aug 23 Close 25-08-2019 16-12-03.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,317
  • Aug 25, 2019 3:22am Aug 25, 2019 3:22am
Quoting forexdg
{quote} The quickest exit method to think of is the way you entered into a trade (opposite manner) question is if I use 7 indicators for entry, for exit I use 1, 2, 7 or how much? if its opposite manner like you say then this mean all 7 must be use because all 7 give entry in opposite direction but that meantoo much room in draw down I used bar color change (one indicator) and two candle trail back hard stoploss, but 40pipsallan said use 2 indicators for exit I have no clue now what to do moving your SL dynamically or manually its easy do this when...
I did say maybe try 2 indicators if you are getting out of trades too early. I had the same issue with where to get out so I switched to trailing stop to save me deciding what to do. Less worry. My TP is 2 so no worry there either.
  • #3,318
  • Aug 25, 2019 3:23am Aug 25, 2019 3:23am
Quoting Marcusv007
Last weeks Trading Report. Only really traded 2.5Days GBPUSD H4 ? EURNZD - Daily ? Any thoughts... I wish a great week ahead to all! Happy Trading. {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,319
  • Aug 25, 2019 3:24am Aug 25, 2019 3:24am
Quoting 40PipsAlan
{quote} How about trying a trailing stop? Enter Trade and forget all about it? Measure 2 candles back and put it in trailing stop EA.
thats what I did, 2 bars back and intend to trail like this everytime new candle form
but what to do if you should cut the losses?
example
trade go in opposite direction imediately but 2 bars back stoplossis not touch
in this situation we should cut the losses if bar changed color, if ema or hull changed color or if one indicator go in opposite direction of the 50 line?
maybe emmanuel and robinhood can show examples like this when trade is exit before stoploss is touch
when trade is not valid anymore? this is the question
  • #3,320
  • Aug 25, 2019 3:28am Aug 25, 2019 3:28am
Quoting forexdg
{quote} The quickest exit method to think of is the way you entered into a trade (opposite manner) question is if I use 7 indicators for entry, for exit I use 1, 2, 7 or how much? if its opposite manner like you say then this mean all 7 must be use because all 7 give entry in opposite direction but that meantoo much room in draw down I used bar color change (one indicator) and two candle trail back hard stoploss, but 40pipsallan said use 2 indicators for exit I have no clue now what to do moving your SL dynamically or manually its easy do this when...
There are 11 exit methods in Post#1 by RobinHood.

1) I like exit No.1 best using the APB/HA candle colour change. This is best for 4H swing trading and also to close all 4H trades by London session closing on Fridays and with only one exception which I would rollover my open positions to the following week. This also work when trading the D1 chart timeframe.

2) I have also Exit rule using Weekly 2-Bars Look Back which I will "Cut-Losses Short" for all Position Trading on Daily charts. This will limit my floating drawdown to maximum 2 weeks unlike some traders who would hold their floating losses for many more weeks.

3) The other exit is when there is Trade Invalidation then cut-all open positions no matter of profits of losses, i.e. the planned trade is no longer is true when the market conditions have changed. For example the market has gone from trending to narrow range sideways /consolidation.

only these 3 simple exit rules , easy to follow and make decision.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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