{image} Trade well.
- #3,966
- Sep 24, 2019 12:16am Sep 24, 2019 12:16am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
AUDUSD Here is something I am watching. What do you think?. {image} Trade well.
- #3,972
- Edited 8:25am Sep 24, 2019 7:27am | Edited 8:25am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
For those of you who are struggling, here's a suggestion.
Try trading a simplified version of my methods.
Such as this one below:
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.
Try trading a simplified version of my methods.
Such as this one below:
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
- #3,974
- Edited 8:16am Sep 24, 2019 7:39am | Edited 8:16am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #3,975
- Sep 24, 2019 8:40am Sep 24, 2019 8:40am
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
. 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 8:44am Sep 24, 2019 8:44am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #3,979
- Sep 24, 2019 11:23am Sep 24, 2019 11:23am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
{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.
- #3,980
- Sep 24, 2019 2:28pm Sep 24, 2019 2:28pm
{quote} Maybe this can clear the confusion about the Triple Screen Trading System....{image}
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