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Trading Made Simple(r)

  • #3,801
  • Sep 16, 2019 12:07pm Sep 16, 2019 12:07pm
Quoting RobinHood
{quote} Well, answering questions about this indicator will be easy, because I don't really know much about it at all. Possibly you could help when someone asks?

My TMA bands (I use two bands) are a little different but the way I trade from mine is to NOT take trades from the middle of the bands when the bands are flat or straight across and price can range all over the place and hit stops. I wait until price pushes through either top or bottom of bands and a trend is established. This is KEY to not getting whipsawed for me.
  • #3,802
  • Sep 16, 2019 12:52pm Sep 16, 2019 12:52pm
Go read the Extreme TMA System--all of it. There is a wealth of valuable information there. But because it started as a testing ground, many changes were made. So there are a variety of options that you can choose from.

There is a slope indicator, and when ranging is determined, trade in either/both directions. Otherwise, best results are to trade with the trend direction. However, if you know what you are doing, you can make counter-trend trades as well.

The system has 2 sets of TMAs. However, because I use timeframes a bit differently than everyone else, I used 3 TMAs. I also used the non-repainting TMA True version when it became available.
To free Gazans of Hamas, use whatever it takes.
  • #3,803
  • Sep 16, 2019 1:53pm Sep 16, 2019 1:53pm
Quoting DrDave
Go read the Extreme TMA System--all of it. There is a wealth of valuable information there. But because it started as a testing ground, many changes were made. So there are a variety of options that you can choose from. There is a slope indicator, and when ranging is determined, trade in either/both directions. Otherwise, best results are to trade with the trend direction. However, if you know what you are doing, you can make counter-trend trades as well. The system...
Thanks for the info.
Always a Student, Never a Master - Emulate What Works
  • #3,804
  • Sep 16, 2019 2:04pm Sep 16, 2019 2:04pm
Dear Robinhood Sir, How are you? Sir, According to your experience using this method, What do you think if I only work in D1 time frame it will increase the winning percentage?? Do you think the probability of winning more in D1 than the H4?
  • #3,805
  • Edited 4:17pm Sep 16, 2019 3:02pm | Edited 4:17pm
Quoting rhzishan
Dear Robinhood Sir, How are you? Sir, According to your experience using this method, What do you think if I only work in D1 time frame it will increase the winning percentage?? Do you think the probability of winning more in D1 than the H4?
I trade both time frames. It's obviously easier to trade the Daily time frame than the 4 hr. because you only have to check the charts once a day.

I can't really say which one is better, it's more just a matter of what you are more comfortable with.

I often enter a trade on the 4 hr chart and then keep it and follow it on the daily chart if all goes well.
Always a Student, Never a Master - Emulate What Works
  • #3,806
  • Sep 17, 2019 1:44am Sep 17, 2019 1:44am
Quoting 40PipsAlan
Hows this one looking guys? {image}
Nice one. woke this morning AUD/USD 2R
  • #3,807
  • Sep 17, 2019 2:03am Sep 17, 2019 2:03am
Quoting 40PipsAlan
{quote} Nice one. woke this morning AUD/USD 2R
Well done!.

Cheers.
  • #3,808
  • Sep 17, 2019 2:41am Sep 17, 2019 2:41am
Quoting 40PipsAlan
{quote} Nice one. woke this morning AUD/USD 2R
Great Job.
The more you learn, the more you see
  • #3,809
  • Sep 17, 2019 5:48am Sep 17, 2019 5:48am
I just wanted to say thank you to Robinhood and all the active members on this thread. I have read through all the posts and will be trying out the system on a demo account and posting the results. Thank you again, Robin. Great Trading to all!
  • #3,810
  • Sep 17, 2019 6:35am Sep 17, 2019 6:35am
Quoting Mavdm
I just wanted to say thank you to Robinhood and all the active members on this thread. I have read through all the posts and will be trying out the system on a demo account and posting the results. Thank you again, Robin. Great Trading to all!
You're welcome. Best of luck to you.
Always a Student, Never a Master - Emulate What Works
  • #3,811
  • Sep 17, 2019 8:17am Sep 17, 2019 8:17am
Quoting RobinHood
I am playing around with something new that I thought I would share. I don't know if it's something I'll keep using but I find it interesting. Let me first say that today is the first time that I have used this indicator (in real time) and I radically altered it from it's original settings because I wanted to use it in a completely different way. BTW, it repaints to a degree, but that doesn't affect how I am using very much. I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay...

HI RH, may u explain how to use this indicator?
  • #3,812
  • Sep 17, 2019 8:21am Sep 17, 2019 8:21am
130+ Pips running
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  • #3,813
  • Sep 17, 2019 8:32am Sep 17, 2019 8:32am
Quoting rhzishan
130+ Pips running {image}
Nicely done
  • #3,814
  • Edited 9:58am Sep 17, 2019 9:32am | Edited 9:58am
Quoting Jefflee
{quote} HI RH, may u explain how to use this indicator?
I briefly explained it in the post. I wrote:

"I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay in trades longer by staying with the trend."

If both bands are pointing up, I only trade long.

If both bands are pointing down, I only trade short.

If I am in a trade and price is moving in the same direction GENERALLY OVERALL then they help me stay with the trade longer than I would have without them.

Aside from that...

I think I have found another indicator that improves it dramatically more but I have to test it for a while because one indicators (or both) repaint.

Here's a stripped down version of it with all the other indicators removed...

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See how the longer trend bands (the yellow bands) are both pointing up?

See how the shorter trend bands (the blue bands) are both pointing up?

That tells me to get long.

My apprehension is "HOW MUCH DO THEY REPAINT?" And I don't yet know the answer to that question yet. Maybe this will only look good in hindsight. I HATE indicators that repaint, but maybe I can get over it.
Always a Student, Never a Master - Emulate What Works
  • #3,815
  • Sep 17, 2019 10:02am Sep 17, 2019 10:02am
Dear Robinhood Sir, If you turn any H4's trade to Daily trade, When you decide that? After closing the daily candle? Can you please give us any tips about it?? Thanks Dear
  • #3,816
  • Sep 17, 2019 10:04am Sep 17, 2019 10:04am
Quoting RobinHood
{quote} I briefly explained it in the post. I wrote: "I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay in trades longer by staying with the trend." If both bands are pointing up, I only trade long. If both bands are pointing down, I only trade short. If I am in a trade and price is moving in the same direction GENERALLY OVERALL then they help me stay with the trade longer than I would have without them. Aside from that... I think I have found another indicator that improves...
Your example isn't quite the way it is recommended to buy, but you can try it and see how often it makes to your TP before turning back and hitting SL.
To free Gazans of Hamas, use whatever it takes.
  • #3,817
  • Sep 17, 2019 10:09am Sep 17, 2019 10:09am
Quoting rhzishan
Dear Robinhood Sir, If you turn any H4's trade to Daily trade, When you decide that? After closing the daily candle? Can you please give us any tips about it?? Thanks Dear
If I am in a successful 4 hr trade and I get a signal on the daily chart I just keep the trade.
Always a Student, Never a Master - Emulate What Works
  • #3,818
  • Sep 17, 2019 10:10am Sep 17, 2019 10:10am
USDCAD and GBPJPY, kicked my behind, well for me when a trade is heading the wrong way and signals are inconclusive or appearing to change. I prefer to preserve my account, close that trade and consider that loss as the cost of information....

I came back to open both trades, same time before big moves ... there is sometimes a positive lesson in the negatives if we look for them. I opened only couple trades yesterday Markets weren't trending so I didn't force any trades. Rather wait for better setups even if its a day or 2 later than to be unnecessarily generous with the market.
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The more you learn, the more you see
  • #3,819
  • Sep 17, 2019 11:22am Sep 17, 2019 11:22am
Quoting RobinHood
{quote} I briefly explained it in the post. I wrote: "I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay in trades longer by staying with the trend." If both bands are pointing up, I only trade long. If both bands are pointing down, I only trade short. If I am in a trade and price is moving in the same direction GENERALLY OVERALL then they help me stay with the trade longer than I would have without them. Aside from that... I think I have found another indicator that improves...
what are the settings for the two bands
e.g. timeframe and periods
  • #3,820
  • Sep 17, 2019 12:28pm Sep 17, 2019 12:28pm
This morning I took 8 trades, 8 won... not a lot of money or pips but a good starting with a new perspective...
Thanks RH and Marcusv07


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"Great Men are not born great, They Grow Great."
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