Trading Made Simple(r)

Quoting PipTrek

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AU Long and UCad short on Daily TF. both crossover trades. valid right? {image} {image}

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Quoting RobinHood

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{quote} Both are valid, however both Daily trades are going in the opposite direction of their respective Weekly and Monthly charts. IDEALLY, it would be BEST if you took trades that are going in the same direction as the higher time frames. It's ALWAYS easier to swim with the current rather than trying to swim against it. It doesn't mean that either or both trades can't win, it's just food for thought. You are always better off when you try to stack as many odds in your favor as you can.

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Quoting itsDavid

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{quote} They look good to me. ADDED: I just saw RH's response. Actual experience and wisdom there rather than my amateurish thoughts! I entered the USDCAD one and it retraced a bunch very soon after I got into it. Foolishly I took the emotional decision to 'cut my losses' and got out of it. Of course it then started heading back in the right direction for what would have been about a 4R profit. I still managed to pull my 1% a day goal on other pairs but I could have made it a second 5% day in a row if I had used my brain rather than my stupid emotions....

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Quoting fc3s

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{quote} sorry for the dumb question, how do i calculate 1R and 2R? i see several posters constantly post this but not sure how to determine this value.

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Quoting 40PipsAlan

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{quote} Try this indicator from Swingman {file}

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Quoting RobinHood

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{quote} 1R = Whatever Number Your Risk Is 2R = Profit is 2 x Your Risk 3R = Profit is 3 x Your Risk So if you have a trade where the stop is 50 pips, that becomes 1R. To get a 2R profit, you would need to make 2 x 1R or 100 pips. To get a 3R profit, you would need to make 3 x 1R or 150 pips.

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Quoting itsDavid

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{quote} R = whatever your risk is. So if you place your stop loss at a 50 pip loss, 1R=50 pips, 2R=100 pips, and so on.

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Quoting fc3s

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{quote} thanks, will give it a shot

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Quoting carmelina

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Hi, can someone post the indicator that RH uses to show the profit/ loss pips. I can't seem to find it. Many thanks, Carmen.

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Quoting RochaTheRock

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{quote} The nicer settings I found until today using THV CaveManager are: UseTP_By_Batch = true; TP_1st_Batch_Lots_Percent = 50; TP_2nd_Batch_Lots_Percent = 25; TP_3rd_Batch_Lots_Percent = 25; TP_1st_Batch_Pips = 0.8xATR; quick and almost easy profit TP_2nd_Batch_Pips = 2xATR; nice amount of pips and activate trailing stop TP_3rd_Batch_Pips = 5xATR; Use_ATR_Stop_Loss = true; ATR_Period_SL = 10; ATR_SL_Factor = 2; Use_ATR_Target_Profit = true; ATR_Period_Target_Profit = 10; ATR_Target_Factor = 5; . Standard_Settings ="-------------------------------------";...

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Quoting Marcusv007

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{quote} Hi RochaTheRock, How have these settings being working for you? Anyone with any particular settings for THV Cave-manager that they wish to share, please Thanks

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Quoting emmanuel7788

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{quote} Hi Yes, I still use THV CaveManager whenever I want to trade Multi-Lot entries with R and R-Multiple management. I also follow FF economic calendar to be aware of key news. I trade loner term swing trades ( Daily and Weekly chart timeframes) and these news events seldom affect my trades.

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Quoting RobinHood

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Here's what I think you should when you are learning to trade OR trying to finally get profitable. 1. Trade SMALL! Bet the same small amount on every trade. Risk something like 1/4% or 1/2% per trade, but NEVER more than 1% of your account. 2. When you get a VALID trading signal, IMMEDIATELY TAKE IT! 3. IMMEDIATELY place a Stop in a LOGICAL spot. Give it some room to breathe, I like using the high or low of 2 candles back. 4. IMMEDIATELY place a Profit Target that is 1.5 times as big as your stop. 5. DO NOT TOUCH THE TRADE. LET IT PLAY OUT UNTIL...

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Quoting Marcusv007

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{quote} Hi Emmanuel, Hope all is well your end. I'd some how missed that it can manage multi-lot entries, is that correct? Are you still using the settings configured in Post 2,833 https://www.forexfactory.com/showthr...2#post12437082 Therefore am I correct in thinking that it will manage each trade respectively in accordance to the settings? Thank you in advance.

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Quoting emmanuel7788

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{quote} Hi Marcus First take note that CM can only manage one single entry trade and it will manage your exits based on the input parameter....,

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Quoting Marcusv007

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@ Emmanuel - RH Method with trading beyond the matrix collaboration. Multiple entries multiple exists. Thank you guys for lifting my trading game. Cant not extend my gratitude enough. {image} {image}

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