Trading Made Simple(r) | Page 200 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,881 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #3,981
  • Sep 24, 2019 4:34pm Sep 24, 2019 4:34pm
Quoting krismitt
{quote} Study this Post Forexdg. https://www.forexfactory.com/showthr...7#post12407867 This "picture" is worth much more than 1000 words!. {image} Trade well.
but robinhood said newbies to trade continuation trades because they are with trend
I thought its not need for many time frames if we trade continuation
robinhood can you tell me what I doing wrong? Im trying and struggle here real bad and results are bad
I need guidance please
I taken two more trades now with buy entry
gbpsgd d1 continuation and I dont know if my two day lookback stoploss is put good, because yesterday bar its lower then two days ago bar and I used the bar which is lower then yesterday and its far away (5 days ago)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPSGDDaily.png Size: 49 KB

gbpusd d1 continuation
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 51 KB
  • #3,982
  • Sep 24, 2019 6:46pm Sep 24, 2019 6:46pm
Quoting forexdg
{quote} but robinhood said newbies to trade continuation trades because they are with trend I thought its not need for many time frames if we trade continuation robinhood can you tell me what I doing wrong? Im trying and struggle here real bad and results are bad I need guidance please I taken two more trades now with buy entry gbpsgd d1 continuation and I dont know if my two day lookback stoploss is put good, because yesterday bar its lower then two days ago bar and I used the bar which is lower then yesterday and its far away (5 days ago) {image}...
where exactly did you buy in at on these two? Maybe im missing something but Im not seeing any continuation trades here
  • #3,983
  • Sep 25, 2019 12:28am Sep 25, 2019 12:28am
Quoting RobinHood
For those of you who are struggling, here's a suggestion. Try trading a simplified version of my methods. Such as this one below: {image} 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...
Hi RobinHood, Thank you for the good work you are doing, may I request you review the complete above post, (did not want to take an extract of 1 line as it needs to be fully understood) where highlighted, as it will cause those learning to be confused why you say only take longs--You know what you are doing but think this needs to be corrected.

With respect btrfx1
  • #3,984
  • Sep 25, 2019 2:34am Sep 25, 2019 2:34am
Quoting forexdg
{quote} but robinhood said newbies to trade continuation trades because they are with trend I thought its not need for many time frames if we trade continuation robinhood can you tell me what I doing wrong? Im trying and struggle here real bad and results are bad I need guidance please I taken two more trades now with buy entry gbpsgd d1 continuation and I dont know if my two day lookback stoploss is put good, because yesterday bar its lower then two days ago bar and I used the bar which is lower then yesterday and its far away (5 days ago) {image}...
I don't see a continuation trade on your pictures. As fas as I know, you have to wait for the HMA line to change back to green, before you enter the trade.
  • #3,985
  • Sep 25, 2019 4:05am Sep 25, 2019 4:05am
Quoting krismitt
AUDUSD Here is something I am watching. What do you think?. {image} Trade well.
AUDUSD

And here is the Trade!.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 45 KB


Trade well!.
  • #3,986
  • Sep 25, 2019 4:12am Sep 25, 2019 4:12am
Quoting krismitt
{quote} AUDUSD And here is the Trade!. {image} Trade well!.
Well,well well.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 166 KB
  • #3,987
  • Sep 25, 2019 4:13am Sep 25, 2019 4:13am
AUDCAD

Took this as well.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 45 KB


Trade well!.
  • #3,988
  • Sep 25, 2019 4:14am Sep 25, 2019 4:14am
Quoting 40PipsAlan
{quote} Well,well well. {image}
Hahahaaaa...you are the man....40Pips!!!.

Well done.
  • #3,989
  • Sep 25, 2019 4:14am Sep 25, 2019 4:14am
Quoting krismitt
AUDCAD Took this as well. {image} Trade well!.
Ha
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 158 KB
  • #3,990
  • Sep 25, 2019 4:15am Sep 25, 2019 4:15am
Those are the two I took at the close of the candle as well
  • #3,991
  • Sep 25, 2019 4:18am Sep 25, 2019 4:18am
How bout this one?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
  • #3,992
  • Sep 25, 2019 4:21am Sep 25, 2019 4:21am
Maybe this one
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 167 KB
  • #3,993
  • Edited 4:33am Sep 25, 2019 4:22am | Edited 4:33am
Quoting 40PipsAlan
Maybe this one {image}
I picked up the JPY one as well, not the NZD one though. For that one the Daily and weekly RSI was above the 50 line, so I decided to leave it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 899 KB
  • #3,994
  • Sep 25, 2019 4:45am Sep 25, 2019 4:45am
Quoting 40PipsAlan
How bout this one? {image}
No, didn't take this one Alan.

Cheeers.
  • #3,995
  • Sep 25, 2019 4:49am Sep 25, 2019 4:49am
Quoting 40PipsAlan
Maybe this one {image}
Passing up on this one too

Best.
  • #3,996
  • Sep 25, 2019 4:52am Sep 25, 2019 4:52am
Quoting itsDavid
{quote} I picked up the JPY one as well, not the NZD one though. For that one the Daily and weekly RSI was above the 50 line, so I decided to leave it. {image}
Yes this is my reason for leaving the GBP ones for now. If they run I can always jump on through a continuation trade later...

Cheers.
  • #3,997
  • Sep 25, 2019 6:09am Sep 25, 2019 6:09am
Quoting krismitt
{quote} Yes this is my reason for leaving the GBP ones for now. If they run I can always jump on through a continuation trade later... Cheers.
I did take the GBPJPY one even though the D1 RSI was still above the 50 line. 8/9 of the signals are indicating a stronger than average sell, the pair is a sell on most timeframes (it's a weak buy on the weekly, but sell everywhere else), and finally the remaining indi (D1 RSI) is consistently on its way down. So I didn't mind bending the rules slightly on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 933 KB
  • #3,998
  • Sep 25, 2019 6:17am Sep 25, 2019 6:17am
Quoting itsDavid
{quote} I did take the GBPJPY one even though the D1 RSI was still above the 50 line. 8/9 of the signals are indicating a stronger than average sell, the pair is a sell on most timeframes (it's a weak buy on the weekly, but sell everywhere else), and finally the remaining indi (D1 RSI) is consistently on its way down. So I didn't mind bending the rules slightly on this one. {image}
Perhaps you have actually created a new rule.
Document it, apply it, and keep track of the results to see if it belongs in or out of your toolbox.
To free Gazans of Hamas, use whatever it takes.
  • #3,999
  • Edited 6:38am Sep 25, 2019 6:23am | Edited 6:38am
Quoting DrDave
{quote} Perhaps you have actually created a new rule. Document it, apply it, and keep track of the results to see if it belongs in or out of your toolbox.
No new rule, just checking the RSI on three timeframes (D1, W1 4H) instead of just on the 4H, as has been previously discussed here.

ADDED: Please see page 195 onwards, krismitt first mentions it there, with further discussion following: https://www.forexfactory.com/showthr...17569&page=195
  • #4,000
  • Sep 25, 2019 6:27am Sep 25, 2019 6:27am
I am tracking and documenting it though
22 traders viewing now