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Trading Made Simple(r)

  • #3,881
  • Sep 20, 2019 3:46am Sep 20, 2019 3:46am
NZDUSD.

Been taking profits on the way down.
Stop now 2 candles Back; will close manually by close of London Session if not stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD2.png Size: 44 KB


Cheers.
  • #3,882
  • Sep 20, 2019 3:53am Sep 20, 2019 3:53am
NZDCAD

Just closed this one.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD.png Size: 46 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD2_001.png Size: 43 KB


Cheers.
  • #3,883
  • Sep 20, 2019 3:57am Sep 20, 2019 3:57am
EURNZD.

Leaving this to be stopped out ( Stop at one candle back).

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD2.png Size: 41 KB


Cheers.
  • #3,884
  • Sep 20, 2019 4:00am Sep 20, 2019 4:00am
Quoting krismitt
NZDUSD. Been taking profits on the way down. Stop now 2 candles Back; will close manually by close of London Session if not stopped out. {image} Cheers.
Hi Boss, Just a query about your SL. Have you only just applied the 2 candle back SL?
I see the last pullback would have stopped me out at that point and I could have gone back in again I guess.
Good trade.
  • #3,885
  • Sep 20, 2019 4:00am Sep 20, 2019 4:00am
GBPNZD

Leaving this to be stopped out at 1 candle back.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD2.png Size: 41 KB


Cheers.
  • #3,886
  • Sep 20, 2019 4:04am Sep 20, 2019 4:04am
Quoting krismitt
GBPNZD Leaving this to be stopped out at 1 candle back. {image} Cheers.
Nice pips. Cannot see where to jump on that one. Waiting for pullback
  • #3,887
  • Edited 6:46am Sep 20, 2019 4:06am | Edited 6:46am
EURCHF

This Trade is under water.
Synergy + Hieken Ashi is turning over (although D1 Candle not yet closed).
However I will be closing now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF2.png Size: 44 KB


Cheers.
  • #3,888
  • Sep 20, 2019 4:10am Sep 20, 2019 4:10am
And the JPY Trades....

NZDJPY

Stop at one candle back. Will leave to be stopped out.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY2.png Size: 42 KB


Cheers.
  • #3,889
  • Sep 20, 2019 4:16am Sep 20, 2019 4:16am
AUDJPY

Closing this one now!.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.png Size: 42 KB


So there you have it ladies and gents; my work for this week!.

Let the Charts do the talking. Happy with the results.

Enjoy your weekend.

Krismitt.
  • #3,890
  • Sep 20, 2019 4:29am Sep 20, 2019 4:29am
Quoting krismitt
EURGBP. Been sitting here waiting for this guy to go one way or the other for what feels like Ages! {image} Trade well.
EURGBP - UPDATE

A little patience.....a little movement...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP2.png Size: 42 KB


Regards.
  • #3,891
  • Sep 20, 2019 4:35am Sep 20, 2019 4:35am
Holding these over the weekend; if not stopped out

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.png Size: 43 KB


Good Trading methodology; Good work Robinhood; thanks for sharing your many years of labour and discovery.

Until...

Cheers.
  • #3,892
  • Sep 20, 2019 5:05am Sep 20, 2019 5:05am
Quoting 40PipsAlan
{quote} Nice pips. Cannot see where to jump on that one. Waiting for pullback
I dropped down to H1 and took my entry there .

Did this only because the "stars were aligned" on all H4, D1 and W1 and I was selling NZD (weakness) this week.

Cheers.
  • #3,893
  • Edited 6:09am Sep 20, 2019 5:38am | Edited 6:09am
Quoting 40PipsAlan
{quote} Hi Boss, Just a query about your SL. Have you only just applied the 2 candle back SL? I see the last pullback would have stopped me out at that point and I could have gone back in again I guess. Good trade.
Hi Pal:

No, I did not use the 2 candle Stop Loss this week.

For most of my Trades I was watching the D1 Timeframe after entry and basically stayed-in as long as the 7 Indicators remained aligned on the D1.

As we are now at the end of the week and I am taking profits, I have now moved the Stops to 2 Candles back on H4 for the trades I wish to hold-over, and one candle back for trades I wish to close - but will leave for the market to take me out.

Edge?.

Others have identified the importance of the RSI among the set of Indicators and RH has confirmed it's place at the top of the "food chain". I, too, have been watching the RSI. So this week I decided to act upon my observations, so what did I do?.

I increased the number of Indicators from 7 to 9 and all Trades taken this week were done only if all 9 were fully aligned. I took entries on three time-frames H1, H4 and D1 and the Charts have spoken.

Here is the Template that I use for my analysis, with the 9 Indicators:-

Attached Image (click to enlarge)
Click to Enlarge Name: RSI.jpg Size: 157 KB


I have simply added the RSI(14) for D1 and W1 to the H4 Chart. I took BUY Trades this week if and only if RSI(14) was above 50 on H4, D1 and W1. Opposite for SELL Trades.

Here is the Multi-Timeframe Indicator that I use:-
Attached File(s)
File Type: mq4 #MTF_RSI.mq4   8 KB | 645 downloads

TImeframe for D1 = 1440
Timeframe for W1 = 10080

Cheers.
  • #3,894
  • Sep 20, 2019 6:20am Sep 20, 2019 6:20am
Quoting krismitt
{quote} Hi Pal: No, I did not use the 2 candle Stop Loss this week. For most of my Trades I was watching the D1 Timeframe after entry and basically stayed-in as long as the 7 Indicators remained aligned on the D1. As we are now at the end of the week and I am taking profits, I have now moved the Stops to 2 Candles back on H4 for the trades I wish to hold-over, and one candle back for trades I wish to close - but will leave for the market to take me out. Edge?. Others have identified the importance of the RSI among the set of Indicators and RH has...
Very interesting. I've set up a similar RSI indi field with your settings. If you have any more insight into using all three RSI timeframes together like this I would be very interested to hear them.
Attached Image (click to enlarge)
Click to Enlarge Name: EURSGD.jpg Size: 868 KB
  • #3,895
  • Sep 20, 2019 6:29am Sep 20, 2019 6:29am
Quoting krismitt
Holding these over the weekend; if not stopped out {image} {image} {image} Good Trading methodology; Good work Robinhood; thanks for sharing your many years of labour and discovery. Until... Cheers.
You're welcome! Great job. I am really glad to see that these methods are working for you.

Adding 2 more RSI's that represent the Daily and the Weekly charts was a good idea. I'm going to check it out now.
Always a Student, Never a Master - Emulate What Works
  • #3,896
  • Edited 6:55am Sep 20, 2019 6:42am | Edited 6:55am
Quoting itsDavid
{quote} Very interesting. I've set up a similar RSI indi field with your settings. If you have any more insight into using all three RSI timeframes together like this I would be very interested to hear them. {image}
Hi David:

Yes will share anything I learn, as I do.

You should change your Inputs as shown in my screenshots below. Also, if you wish, you can avoid the second Sub-Window by dragging the RSI Indicator from the Navigator on the left into the original Sub-window containing the Stochs Etc.

Attached Image (click to enlarge)
Click to Enlarge Name: Change RSI.jpg Size: 208 KB


Attached Image


Cheers.
  • #3,897
  • Sep 20, 2019 6:50am Sep 20, 2019 6:50am
Quoting RobinHood
{quote} You're welcome! Great job. I am really glad to see that these methods are working for you. Adding 2 more RSI's that represent the Daily and the Weekly charts was a good idea. I'm going to check it out now.
Sweet!.
  • #3,898
  • Sep 20, 2019 6:52am Sep 20, 2019 6:52am
*
Always a Student, Never a Master - Emulate What Works
  • #3,899
  • Sep 20, 2019 6:56am Sep 20, 2019 6:56am
Hi, Krismitt, I tried to apply the MTF RSI to my chart but I can't get it in the same window as yours. Can you give some clarification, please?
  • #3,900
  • Sep 20, 2019 7:03am Sep 20, 2019 7:03am
Quoting carmelina
Hi, Krismitt, I tried to apply the MTF RSI to my chart but I can't get it in the same window as yours. Can you give some clarification, please?
Drag it from the navigator window to the stoch window
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