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Trading Made Simple(r)

  • #4,121
  • Edited 7:04am Sep 29, 2019 6:04am | Edited 7:04am
Quoting 40PipsAlan
{quote} I didn’t get an option on the demo account. Hence the reason for only using 5k of the 50k as my trading amount. Works out I am using 2% on the 5k per trade which would be more realistic for when I go live in about 10 years.
Maybe have a look around at other brokers? I'm on Pepperstone which allow you to choose the demo deposit amount and leverage. Better spreads than you are getting as well by the look of those charts. They average about 1.5 pips.

I'm planning on trading the demo up to around £5k before putting a couple of thousand in real money on and starting all over again.
  • #4,122
  • Sep 29, 2019 11:23am Sep 29, 2019 11:23am
Quoting RobinHood
I am playing around with something new that I thought I would share. I don't know if it's something I'll keep using but I find it interesting. Let me first say that today is the first time that I have used this indicator (in real time) and I radically altered it from it's original settings because I wanted to use it in a completely different way. BTW, it repaints to a degree, but that doesn't affect how I am using very much. I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay...
Hi Robin, one question, how I get the magenta arrows???
  • #4,123
  • Sep 29, 2019 4:36pm Sep 29, 2019 4:36pm
Quoting SergioGarcia
{quote} Hi Robin, one question, how I get the magenta arrows???
I don't know without see the image that you are referring to.
Always a Student, Never a Master - Emulate What Works
  • #4,124
  • Sep 29, 2019 5:50pm Sep 29, 2019 5:50pm
Quoting RobinHood
{quote} I don't know without see the image that you are referring to.

Rbin, is in the Post #3,798
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Magenta Arrows.JPG Size: 160 KB
  • #4,125
  • Sep 29, 2019 7:44pm Sep 29, 2019 7:44pm
Quoting SergioGarcia
{quote} Rbin, is in the Post #3,798 {image} {image}
I think those are just arrows that RH added to the image for clarity.
  • #4,126
  • Sep 29, 2019 8:11pm Sep 29, 2019 8:11pm
Anyone take GBPJPY?
Attached Image (click to enlarge)
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  • #4,127
  • Sep 29, 2019 10:36pm Sep 29, 2019 10:36pm
Waiting for entry at M5...looks a good trade, many pips....
"Great Men are not born great, They Grow Great."
  • #4,128
  • Sep 30, 2019 12:10am Sep 30, 2019 12:10am
Quoting PipsDearth
{quote} Hello, congratulations on your results. Would you mind sharing a little more info on your methods used? Did you use the method from the original post? Thanks
Hi, yes i use the RH method together with some trade tactics that i learned in the last two years, price action,fibo, elliott waves, etc, etc, but mostly is the trading simpler method, I have no patience, that's why i trade mostly the 5 or 15 minutes timeframes,
"Great Men are not born great, They Grow Great."
  • #4,129
  • Sep 30, 2019 2:55am Sep 30, 2019 2:55am
Quoting SergioGarcia
{quote} Rbin, is in the Post #3,798 {image} {image}
Those are just arrows that I inserted on the chart to point out some things.

It's under: Insert > Arrows
Always a Student, Never a Master - Emulate What Works
  • #4,130
  • Sep 30, 2019 2:57am Sep 30, 2019 2:57am
Quoting 00PIP
Anyone take GBPJPY? {image}
I took that trade.
Always a Student, Never a Master - Emulate What Works
  • #4,131
  • Sep 30, 2019 3:09am Sep 30, 2019 3:09am
Quoting 00PIP
Anyone take GBPJPY? {image}
Not me boss. Waiting for H4 and D1 support to break first. I need to be more careful this week so watching lots before clicking the button.
  • #4,132
  • Sep 30, 2019 4:41am Sep 30, 2019 4:41am
Anyone else riding the USDSGD train this morning?
Attached Image (click to enlarge)
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  • #4,133
  • Sep 30, 2019 5:15am Sep 30, 2019 5:15am
Waiting for a potential bullish move on the GBPJPY. It may not happen but we'll wait and see. More likely it will turn into a continuation trade and carry on down
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 993 KB
Attached Image
  • #4,134
  • Sep 30, 2019 6:18am Sep 30, 2019 6:18am
Quoting itsDavid
Waiting for a potential bullish move on the GBPJPY. It may not happen but we'll wait and see. More likely it will turn into a continuation trade and carry on down {image} {image}
Interesting thoughts. My bias is for the current down move to end soon and a continuation up. As long as the smaller tiemframes do not fail on pullbacks and go too far down, I look for up movement.
To free Gazans of Hamas, use whatever it takes.
  • #4,135
  • Sep 30, 2019 6:33am Sep 30, 2019 6:33am
Quoting DrDave
{quote} Interesting thoughts. My bias is for the current down move to end soon and a continuation up. As long as the smaller tiemframes do not fail on pullbacks and go too far down, I look for up movement.
I guess we'll wait and see what the next candle brings in either case.
  • #4,136
  • Sep 30, 2019 7:32am Sep 30, 2019 7:32am
Forgot to post my other trade from this morning. Short on AUDUSD.

Hoping for more when the next candle starts in 30 minutes. I'll wait and see
Attached Image (click to enlarge)
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  • #4,137
  • Sep 30, 2019 7:44am Sep 30, 2019 7:44am
Is it OK that both these trades (Long USDSGD & Short AUDUSD) somewhat depend on USD strength even though they are both from different currency groups? Or should I have just taken one of them to avoid the risk of compounding potential losses?
  • #4,138
  • Sep 30, 2019 8:58am Sep 30, 2019 8:58am
Quoting itsDavid
{quote} I guess we'll wait and see what the next candle brings in either case.
this GBP/JPY is turning into a buy trade
  • #4,139
  • Sep 30, 2019 9:20am Sep 30, 2019 9:20am
Quoting 40PipsAlan
{quote} this GBP/JPY is turning into a buy trade
If you're not stopped out before it ends going up, you might get partial recovery when H1 makes the retracement.
To free Gazans of Hamas, use whatever it takes.
  • #4,140
  • Sep 30, 2019 9:25am Sep 30, 2019 9:25am
Quoting DrDave
{quote} If you're not stopped out before it ends going up, you might get partial recovery when H1 makes the retracement.
Luckily I did not go on that one. I did this one instead EUR/NZD. A bit early on the H4 I know, but jumped in on the H1 and +pips locked in now.
Attached Image (click to enlarge)
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