Trading Made Simple(r) | Page 203 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,886 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)

  • #4,041
  • Sep 26, 2019 5:26am Sep 26, 2019 5:26am
Quoting itsDavid
{quote} I don't even have any swissy pairs in my market watch
Smart move, I honestly, honestly think I need follow suit. Not worth the agro.
The more you learn, the more you see
  • #4,042
  • Sep 26, 2019 6:06am Sep 26, 2019 6:06am
Quoting kirinda
{quote} I use continuation trade like you: first HMA color change and then enter on candle after HMA color change back. But RH doesn't mention HMA for continuation trades on first page: ----------------------------------------------------------------------------- Continuation Trades: A Continuation Trade is when there has already been a trade in that direction, but you were stopped out OR got out for some other reason and then you get another signal to enter in the same direction. You can go long again if a bar turns back to Dodger Blue/Blue after...
For me I think {What's} most important is that you can see change in momentum: With that I mean that you need at least see that the HMA pulling back/getting flat a little before it continues.

What kirinda wrote (in red) is correct.

A Continuation Trade in the simplest of terms is: "the resumption of a trend after a pull-back."

There are LOTS of ways to define Continuation Trades. Why I wrote what I wrote on Post # 1 is because I was trying to teach some of my trading methods and I needed a way to define them as succinctly as I could.

What you must also always keep in mind is this (which I also wrote in Post # 1):

What you must understand is that what's presented, as it's presented, is NOT a trading system. A system has concrete rules with no variables. Methods don't. What I am presenting are trading methods, tips, and suggestions. Multiple trading methods about ways to enter and exit trades (with others likely to follow). The only concrete rules there are, are the ones that you decide to make and follow.
Always a Student, Never a Master - Emulate What Works
  • #4,043
  • Sep 26, 2019 6:10am Sep 26, 2019 6:10am
Quoting RobinHood
{quote} For me I think {What's} most important is that you can see change in momentum: With that I mean that you need at least see that the HMA pulling back/getting flat a little before it continues. What kirinda wrote (in red) is correct. A Continuation Trade in the simplest of terms is: "the resumption of a trend after a pull-back." There are LOTS of ways to define Continuation Trades. Why I wrote what I wrote on Post # 1 is because I was trying to teach some of my trading methods and I needed a way to define them as succinctly as I could. What...
Thanks for the clarification.
  • #4,044
  • Sep 26, 2019 6:14am Sep 26, 2019 6:14am
Quoting RobinHood
{quote} For me I think {What's} most important is that you can see change in momentum: With that I mean that you need at least see that the HMA pulling back/getting flat a little before it continues. What kirinda wrote (in red) is correct. A Continuation Trade in the simplest of terms is: "the resumption of a trend after a pull-back." There are LOTS of ways to define Continuation Trades. Why I wrote what I wrote on Post # 1 is because I was trying to teach some of my trading methods and I needed a way to define them as succinctly as I could. What...
"What you must understand is that what's presented, as it's presented, is NOT a trading system. A system has concrete rules with no variables. Methods don't. What I am presenting are trading methods, tips, and suggestions. Multiple trading methods about ways to enter and exit trades (with others likely to follow). The only concrete rules there are, are the ones that you decide to make and follow.[/quote]"

Nuances!.

Cheers.
  • #4,045
  • Sep 26, 2019 6:21am Sep 26, 2019 6:21am
Quoting gialuan
{quote} Hi RH. Can you give me the teamplate with nested RSi indicators? thanks you.
I don't have a template. The indicator is in Post # 3893. All you do is drag it (from the Navigator) onto the SAME lower window multiple times and change the settings to what's mentioned in the post.
Always a Student, Never a Master - Emulate What Works
  • #4,046
  • Sep 26, 2019 6:22am Sep 26, 2019 6:22am
EURUSD

Getting off at this Station.
Train has stopped here twice before in September (looking left).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 64 KB

Trade well.
  • #4,047
  • Edited 6:48am Sep 26, 2019 6:25am | Edited 6:48am
Quoting krismitt
EURUSD Getting off at this Station. Train has stopped here twice before in September (looking left). {image} Trade well.
Thats handy so says this SR indicator. But who knows it might just fly through it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 176 KB
  • #4,048
  • Sep 26, 2019 6:34am Sep 26, 2019 6:34am
Quoting krismitt
EURUSD Getting off at this Station. Train has stopped here twice before in September (looking left). {image} Trade well.
While you are correct, if you look at the bigger picture (the Weekly chart) you'll realize that it's not really that important.

To me, S/R is just like flipping a coin, it's only right about 1/2 the time.
Always a Student, Never a Master - Emulate What Works
  • #4,049
  • Sep 26, 2019 6:39am Sep 26, 2019 6:39am
Quoting RobinHood
{quote} While you are correct, if you look at the bigger picture (the Weekly chart) you'll realize that it's not really that important. To me, S/R is just like flipping a coin, it's only right about 1/2 the time.
Totally correct and I will be back on board at the next setup, should it fall through!.

Cheers.
  • #4,050
  • Sep 26, 2019 6:54am Sep 26, 2019 6:54am
Below is a current 4 hr. EURUSD chart. How exactly does one find Support and Resistance areas on it????
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4 Hr..JPG Size: 170 KB

"Everything should be made as simple as possible, but not simpler." - Albert Einstein
Always a Student, Never a Master - Emulate What Works
  • #4,051
  • Sep 26, 2019 7:15am Sep 26, 2019 7:15am
Quoting RobinHood
Below is a current 4 hr. EURUSD chart. How exactly does one find Support and Resistance areas on it???? {image} "Everything should be made as simple as possible, but not simpler." - Albert Einstein
How about draw a line where price touches a few times?
  • #4,052
  • Sep 26, 2019 7:22am Sep 26, 2019 7:22am
Quoting 40PipsAlan
{quote} How about draw a line where price touches a few times?
Okay. Please show me how that's done on the chart I just posted. Or you can just do it on a current 4 hr. EURUSD chart and post that.
Always a Student, Never a Master - Emulate What Works
  • #4,053
  • Sep 26, 2019 7:27am Sep 26, 2019 7:27am
Quoting RobinHood
{quote} Okay. Please show me how that's done on the chart I just posted. Or you can just do it on a current 4 hr. EURUSD chart and post that.
Something like this I guess. Switch to line chart and draw a line where price touches in several place. Theres no way of knowing if the lines will hold or not so not of much really.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 125 KB
  • #4,054
  • Sep 26, 2019 7:33am Sep 26, 2019 7:33am
Quoting 40PipsAlan
{quote} Something like this I guess. Switch to line chart and draw a line where price touches in several place. Theres no way of knowing if the lines will hold or not so not of much really. {image}
A line chart is not ACCURATE. It does not show the TRUE highs and lows. So please try it on a bar (or candle) chart which is accurate.
Always a Student, Never a Master - Emulate What Works
  • #4,055
  • Sep 26, 2019 7:47am Sep 26, 2019 7:47am
Quoting RobinHood
{quote} A line chart is not ACCURATE. It does not show the TRUE highs and lows. So please try it on a bar (or candle) chart which is accurate.
Not easy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 125 KB
  • #4,056
  • Sep 26, 2019 8:43am Sep 26, 2019 8:43am
Took SGDJPY about 10 minutes after the last candle closed. I was a little late as I couldn't be at the PC at exactly the right time.

Currently using 2% risk per trade, 1/100 leverage, aiming to average 1% account profit per trading day.
Attached Image (click to enlarge)
Click to Enlarge Name: SGDJPY.jpg Size: 929 KB
  • #4,057
  • Sep 26, 2019 12:12pm Sep 26, 2019 12:12pm
Well that trade went the wrong way quite suddenly!
Attached Image (click to enlarge)
Click to Enlarge Name: SGDJPY.jpg Size: 828 KB
  • #4,058
  • Sep 26, 2019 12:21pm Sep 26, 2019 12:21pm
Buggered my day right up, lol. It wouldn't have been so bad if I hadn't doubled the lot size on it.

Tomorrows another day, I'll just have to make 2% to make up the deficit
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 304 KB
  • #4,059
  • Sep 26, 2019 12:23pm Sep 26, 2019 12:23pm
Quoting itsDavid
Well that trade went the wrong way quite suddenly! {image}
Tell me about it. Good trades and bad all week. Currently about 0.5R up so might call it a week and get back to studying
  • #4,060
  • Sep 26, 2019 1:47pm Sep 26, 2019 1:47pm
Quoting 40PipsAlan
{quote} Tell me about it. Good trades and bad all week. Currently about 0.5R up so might call it a week and get back to studying
yep same here, week started off good with a couple good trades and then it seemed like the next few went against me right off
24 traders viewing now, 2 are registered:
,
allkidslikeb