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

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Trading Made Simple(r)

  • #3,961
  • Sep 23, 2019 6:40pm Sep 23, 2019 6:40pm
Quoting krismitt
{image} Trade well.
I got in on that short as well krismitt
  • #3,962
  • Sep 23, 2019 7:45pm Sep 23, 2019 7:45pm
NZD PAIRS

Here is a screenshot from smTMMS - RobinHood Dashboard.

  1. Do you use it?.
  2. What does this say to you?.

Attached Image


Trade well.
  • #3,963
  • Sep 23, 2019 8:56pm Sep 23, 2019 8:56pm
AUDUSD

Here is something I am watching. What do you think?.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 42 KB

Trade well.
  • #3,964
  • Sep 23, 2019 10:15pm Sep 23, 2019 10:15pm
GBPCAD
buy 1.6483
tp 1.6503
tp 1.6533
tp 1.6583
Sl 1.6414
  • #3,965
  • Sep 24, 2019 2:15am Sep 24, 2019 2:15am
Quoting Jeremy1998
GBPCAD buy 1.6483 tp 1.6503 tp 1.6533 tp 1.6583 Sl 1.6414
Are u sure? Doesnt look a buy just yet
  • #3,966
  • Sep 24, 2019 2:16am Sep 24, 2019 2:16am
Quoting krismitt
AUDUSD Here is something I am watching. What do you think?. {image} Trade well.
Looking good for a sell soon
  • #3,967
  • Sep 24, 2019 5:00am Sep 24, 2019 5:00am
I am doing not so great this month with this method....I will post some entry's soon (I am at work now) to check with you and share my thoughts with you. How are you all going this month?
In august I made a splendid 5,4% profit from only 7 trades.

I think I am overtrading this month, counting 21 trades till today.....Most of them from the 4H tf and some from the D1 tf.
How about you all, do you have that many trades this month with this method?
  • #3,968
  • Sep 24, 2019 5:14am Sep 24, 2019 5:14am
Quoting kette
{image}{image}{image}
Which indicator do you use for LastMonthHigh etc.?
  • #3,969
  • Sep 24, 2019 8:06am Sep 24, 2019 8:06am
CHFJPY - Long. Ideally one would let price clear Resistance Fibo-100 109,0213
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
The more you learn, the more you see
  • #3,970
  • Sep 24, 2019 8:29am Sep 24, 2019 8:29am
Quoting Marcusv007
CHFJPY - Long. Ideally one would let price clear Resistance Fibo-100 109,0213 {image}
Sorry boss, too many candles to complete the 50 line crossover for my liking.
  • #3,971
  • Sep 24, 2019 8:37am Sep 24, 2019 8:37am
Quoting krismitt
AUDUSD Here is something I am watching. What do you think?. {image} Trade well.
Looked like a picture perfect setup ... one that I would have pulled the trigger on. Unfortunately, it turned out to be a loser. That's been my reality with all of these so-called "systems" or "methods". I'd like to hear how psychology had anything to do with this loss!
  • #3,972
  • Edited 10:25am Sep 24, 2019 9:27am | Edited 10:25am
For those of you who are struggling, here's a suggestion.

Try trading a simplified version of my methods.

Such as this one below:

Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hr Simplified Method.JPG Size: 201 KB


If the candles are blue/blue and the HMA is green and the the RSI is above the Purple 50 Line, only take long trades on a 4 Hr. or Daily chart.

If the candles are red/red and the HMA is Magenta and the the RSI is below the Purple 50 Line, only take long trades on a 4 Hr. or Daily chart.

Ways to exit are many...

1. At +1R or +2R, etc. or whatever other Profit Target you use.
2. When one or both candles turn the opposite color.
3. When RSI crosses the opposite side of the Purple 50 Line.
4. When the HMA Line turns the opposite color.
5. When your stop (1 bar or 2 bars back) gets hit.

FULL DISCLOSURE: You will NOT have 100% winning trades.
Always a Student, Never a Master - Emulate What Works
  • #3,973
  • Sep 24, 2019 9:30am Sep 24, 2019 9:30am
Quoting tenthman
{quote} Looked like a picture perfect setup ... one that I would have pulled the trigger on. Unfortunately, it turned out to be a loser. That's been my reality with all of these so-called "systems" or "methods". I'd like to hear how psychology had anything to do with this loss!
From what I can see that setup never completed into an actual continuation on the trend to short it, unless I'm missing something. You would need the HMA to change back to red and the candle to have closed red.
The more you learn, the more you see
  • #3,974
  • Edited 10:16am Sep 24, 2019 9:39am | Edited 10:16am
Quoting tenthman
{quote} Looked like a picture perfect setup ... one that I would have pulled the trigger on. Unfortunately, it turned out to be a loser. That's been my reality with all of these so-called "systems" or "methods". I'd like to hear how psychology had anything to do with this loss!
You are right, psychology had nothing to do with it. But following the rules correctly would have.
Always a Student, Never a Master - Emulate What Works
  • #3,975
  • Sep 24, 2019 10:40am Sep 24, 2019 10:40am
I started live trading this method last week. I work full time so time is against me so I just trade the daily charts. I look for setups in the evening and usually find one trade that lines up. So far just from last week to today I have entered 8 trades and profited on 7 out of the 8. I have locked in profits early on some of them as I try to manually move my stop loss on my mobile phone while at work when I get the chance. With that being said I have also missed out on a lot of profit by locking it in early without being able to see my charts and get the exit signals. But with all of that as of today I am positive 60 pips so far . Seems like a great system and legit to me if you’re just patient and wait for the signals to line up
  • #3,976
  • Sep 24, 2019 10:44am Sep 24, 2019 10:44am
Quoting monty20
I started live trading this method last week. I work full time so time is against me so I just trade the daily charts. I look for setups in the evening and usually find one trade that lines up. So far just from last week to today I have entered 8 trades and profited on 7 out of the 8. I have locked in profits early on some of them as I try to manually move my stop loss on my mobile phone while at work when I get the chance. With that being said I have also missed out on a lot of profit by locking it in early without being able to see my charts and...
Good job! I am glad to hear that it's working for you.
Always a Student, Never a Master - Emulate What Works
  • #3,977
  • Sep 24, 2019 10:54am Sep 24, 2019 10:54am
Took this trade on H4
Attached Image (click to enlarge)
Click to Enlarge Name: took.png Size: 37 KB
  • #3,978
  • Edited 3:01pm Sep 24, 2019 1:13pm | Edited 3:01pm
Quoting tenthman
{quote} Looked like a picture perfect setup ... one that I would have pulled the trigger on. Unfortunately, it turned out to be a loser. That's been my reality with all of these so-called "systems" or "methods". I'd like to hear how psychology had anything to do with this loss!
I am surprised that you took a trade here Tenthman; I am still waiting for the short setup!.

No sense trading this medhodology without reading the entire thread so I assume you have done so.
There are several posts in here that recommends that trades be taken for valid setuls only after candle close. I recall one post that shows the different "phases" of a "candle" during the 4h period.

There was no setup here; no trade, no picture, no "perfect" and I am still watching this pair.

Cheers.
  • #3,979
  • Sep 24, 2019 1:23pm Sep 24, 2019 1:23pm
Quoting krismitt
{quote} I am surprised that you took a trade here Tenthman; I am still waiting for the short setup!. No sense trading this medhodology without reading the entire thread so I assume you have done so. There are several posts in here that recommends that trades be taken for valid setuls only after candle close. I recall one post that shows the different "phases" of a "candle" during the 4h period. There was no setup here; no trade, no picture, no perfect and I am still watching this pair. Cheers.
Yep still waiting here too
  • #3,980
  • Sep 24, 2019 4:28pm Sep 24, 2019 4:28pm
Quoting MyProfit
{quote} Maybe this can clear the confusion about the Triple Screen Trading System.... {image}
thank you
I read and its about macd stochastic and 13 and 30 ma
all this is diferent from this strategy
Im very confuse now about everything
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