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

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Trading Made Simple(r)

  • #4,241
  • Oct 8, 2019 8:56am Oct 8, 2019 8:56am
Quoting Consist
Hello Robin Hood, What do you suggest, should I continue to post on your thread or should I start my own journal so that it doesn't interfere with your thread? I am waiting for your advice. Thanks
You are welcome to post here as much as you want.
Always a Student, Never a Master - Emulate What Works
  • #4,242
  • Oct 8, 2019 9:01am Oct 8, 2019 9:01am
Quoting dimon79ua
[quote = uroskrivec; 12546444] {quote} Как вы узнали, что AUDJPY будет расти? Я хочу вчерашний шорт в этой паре, потому что Daily находится...
Yes I agree! I was looking for 1 x ATR but in hindsight, waiting and going with the HT would be better. I've actually hedged now.
  • #4,243
  • Oct 8, 2019 9:05am Oct 8, 2019 9:05am
Quoting uroskrivec
{quote} How did you know AUDJPY will go up? I want yesterday Short in this pair, because Daily is in downtrend... And do you also use MACD indicator?
Yes, my entry was AUDJPY on H1 and it had touched SL ++. On D1, it looks sideway. I don't use the MACD indicator but the SM TMMS Oscillator indicator I got from the FF forum.
100% 10 Times Compound = "Very Huge"
  • #4,244
  • Oct 8, 2019 9:08am Oct 8, 2019 9:08am
Quoting RobinHood
{quote} You are welcome to post here as much as you want.
Thankyou very much
100% 10 Times Compound = "Very Huge"
  • #4,245
  • Oct 8, 2019 9:15am Oct 8, 2019 9:15am
Quoting abarrett
{quote} Nice post Consist! I read about this system last night and went long NZJPY on H4 too for my first trade. I had been short AUDJPY since 73.00 level on my own system (Daily) and all 3 positions closed this morning for the last position (trailing stop). JPY pairs look similar right now. Let's see how this goes :-)
Thank you, and please remember that I am entering H1 with the H1 guide more often than H4
100% 10 Times Compound = "Very Huge"
  • #4,246
  • Oct 8, 2019 9:22am Oct 8, 2019 9:22am
RobinGood H1...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFH1 02.png Size: 43 KB
Click to Enlarge Name: USDJPYH1 02.png Size: 46 KB
Click to Enlarge Name: USDCADH1 03.png Size: 46 KB
100% 10 Times Compound = "Very Huge"
  • #4,247
  • Oct 8, 2019 9:24am Oct 8, 2019 9:24am
Hello guys!
I've read quite a bit from the beginning of the thread, but now I see people use a slightly different set of tools, and I've seen disparate posts where this was discussed, but wasn't able to quite get it. My questions if you may
1. Is this new set of tools available for MT4 or MT5?
2. Is it principally different from a set of tools that was used for this strategy initially? Or one could go with the initial set of tools and get identical or close readings to the new set of tools? Because I see people post charts using both sets.
Thank you.
  • #4,248
  • Oct 8, 2019 9:58am Oct 8, 2019 9:58am
Quoting oohoo
Hello guys! I've read quite a bit from the beginning of the thread, but now I see people use a slightly different set of tools, and I've seen disparate posts where this was discussed, but wasn't able to quite get it. My questions if you may 1. Is this new set of tools available for MT4 or MT5? 2. Is it principally different from a set of tools that was used for this strategy initially? Or one could go with the initial set of tools and get identical or close readings to the new set of tools? Because I see people post charts using both sets. Thank...
1. Robinhood was successful with the Post 1 rule with MT4, Emanuel was successful with MT5 for entry and MT4 for installing Indicators.

2. Robinhood allows us to look for each of our best settings and improve it. And we are welcome to choose some signals, not all signals.

Here are some excerpts from Post 1:
{{Plus, Remember This Too
There are MANY different indicators included or combinations of indicators included that you could use to enter trades. For example, you could use:
1. Just the Yellow Line
2. Just the HMA Line
3. Just one of the Stochastics, or a combination of both
4. Just the candles changing colors
5. Just the candles and the HMA Line
6. Just the HMA Line and the Yellow Line
7. Just the RSI crossing the 50 line
Etc. etc. etc. }}
100% 10 Times Compound = "Very Huge"
  • #4,249
  • Oct 8, 2019 2:54pm Oct 8, 2019 2:54pm
Quoting oohoo
Hello guys! I've read quite a bit from the beginning of the thread, but now I see people use a slightly different set of tools, and I've seen disparate posts where this was discussed, but wasn't able to quite get it. My questions if you may 1. Is this new set of tools available for MT4 or MT5? 2. Is it principally different from a set of tools that was used for this strategy initially? Or one could go with the initial set of tools and get identical or close readings to the new set of tools? Because I see people post charts using both sets. Thank...
I would advise sticking with exactly what's in Post # 1. I have tried many variations but so far I have always ended up back with what's in Post # 1.
Always a Student, Never a Master - Emulate What Works
  • #4,250
  • Oct 8, 2019 9:11pm Oct 8, 2019 9:11pm
Proven a week of more than 100% is not impossible ?? When can I be like that?
Attached Image (click to enlarge)
Click to Enlarge Name: This Week 10-09-2019.png Size: 188 KB
100% 10 Times Compound = "Very Huge"
  • #4,251
  • Oct 8, 2019 9:40pm Oct 8, 2019 9:40pm
Quoting Consist
Proven a week of more than 100% is not impossible ?? When can I be like that? {image}
I have found it to be a potentially dangerous game to get in the habit of comparing my trading to that of others. Not saying this is for sure what you are doing, just something to be aware of.

Trading is a very personal occupation. I dare say there are no two retail traders who trade exactly the same way. Each has their own personality to deal with and experiences with the charts to tend to. Learning any trading system is fine... to an extent; to the extent we learn and have the discipline to follow. In the end our trading will boil down to what will communicate to each trader. Then execute it flawlessly.

Again, not trying to single you or anybody else out, just some random thoughts. Find what enables you to see the charts. How I see a chart will be unlike how any other trader.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,252
  • Edited 10:44pm Oct 8, 2019 10:23pm | Edited 10:44pm
Quoting Consist
Proven a week of more than 100% is not impossible ?? When can I be like that? {image}
No disparaging anyone, but if you make five trades and win the five...you make 500%, right! , the problem is "consistency",
if you made 1,000 trades and won 500 with R-R of 2:1 you will be in a good position if you trade lots or good money...
Attached below is a chart from the guy at the top, feelfreex, what you see in red, consistency? How many pips?
Attached Image (click to enlarge)
Click to Enlarge Name: feelfreex.png Size: 62 KB
"Great Men are not born great, They Grow Great."
  • #4,253
  • Oct 9, 2019 2:24am Oct 9, 2019 2:24am
Quoting Rufus
{quote} I have found it to be a potentially dangerous game to get in the habit of comparing my trading to that of others. Not saying this is for sure what you are doing, just something to be aware of. Trading is a very personal occupation. I dare say there are no two retail traders who trade exactly the same way. Each has their own personality to deal with and experiences with the charts to tend to. Learning any trading system is fine... to an extent; to the extent we learn and have the discipline to follow. In the end our trading will boil down...
You are right, thank you for your response and advice.
100% 10 Times Compound = "Very Huge"
  • #4,254
  • Oct 9, 2019 2:29am Oct 9, 2019 2:29am
Quoting RobinHood
{quote} I would advise sticking with exactly what's in Post # 1. I have tried many variations but so far I have always ended up back with what's in Post # 1.
Thank you.
  • #4,255
  • Oct 9, 2019 2:56am Oct 9, 2019 2:56am
Quoting MyProfit
{quote} No disparaging anyone, but if you make five trades and win the five...you make 500%, right! , the problem is "consistency", if you made 1,000 trades and won 500 with R-R of 2:1 you will be in a good position if you trade lots or good money... Attached below is a chart from the guy at the top, feelfreex, what you see in red, consistency? How many pips? {image}
Thank you for your response and advice.

In my opinion that to get 100% is not with one trade, but from several trades.
Let me calculate with the formula you gave:

2% Risk
Balance=1,000 Trade=1,000
Loss= (2 %x 1000) x 500= 10,000
Profit= (4%x1000) x 500= 20,000
Net Profit= 20,000-10,000= 10,000
= 1,000%

5% Risk
Balance=1,000 Trade= 100
Loss= (5 %x 1000) x 50= 2,500
Profit= (10%x 1000) x 50= 5,000
Net Profit= 5,000-2,500= 2,500
= 250%
100% 10 Times Compound = "Very Huge"
  • #4,256
  • Oct 9, 2019 3:08am Oct 9, 2019 3:08am
Quoting Consist
Proven a week of more than 100% is not impossible ?? When can I be like that? {image}
And Now....
Attached Image (click to enlarge)
Click to Enlarge Name: 5 hr This Week 10-09-2019.png Size: 181 KB
100% 10 Times Compound = "Very Huge"
  • #4,257
  • Edited 4:24am Oct 9, 2019 4:03am | Edited 4:24am
Quoting Consist
{quote} Thank you for your response and advice. In my opinion that to get 100% is not with one trade, but from several trades. Let me calculate with the formula you gave: 2% Risk Balance=1,000 Trade=1,000 Loss= (2 %x 1000) x 500= 10,000 Profit= (4%x1000) x 500= 20,000 Net Profit= 20,000-10,000= 10,000 = 1,000% 5% Risk Balance=1,000 Trade= 100 Loss= (5 %x 1000) x 50= 2,500 Profit= (10%x 1000) x 50= 5,000 Net Profit= 5,000-2,500= 2,500 = 250%
When you have been a while here at FF you will see almost all of trade explorer with high return will disappear after a while because they risk too much or do not use stop loss. For example the leader today for 2019 I see he had a loss of -55.8% in one trade.

Even in this thread I see a person that loss 50% of his capital on a real account in one month by using 5% of his capital per trade. And when you start too loose much on a real account the psychology will kick in and you start to make
trading mistakes. I have been here for 6 years and I see the unexperienced risk much more than the experienced.
When I started to trade I risk 5% per trade now I risk 0.5%.

If you risk 5%, R:R 1:2 and you have 50% win-rate in theory you will not risk ruin, but what if your win-rate fall to 35% a month or two? Check out the risk of ruin tables with Chis Capre: https://2ndskiesforex.com/trading-st...u-should-know/
  • #4,258
  • Oct 9, 2019 5:10am Oct 9, 2019 5:10am
Quoting Consist
{quote} Thank you for your response and advice. In my opinion that to get 100% is not with one trade, but from several trades. Let me calculate with the formula you gave: 2% Risk Balance=1,000 Trade=1,000 Loss= (2 %x 1000) x 500= 10,000 Profit= (4%x1000) x 500= 20,000 Net Profit= 20,000-10,000= 10,000 = 1,000% 5% Risk Balance=1,000 Trade= 100 Loss= (5 %x 1000) x 50= 2,500 Profit= (10%x 1000) x 50= 5,000 Net Profit= 5,000-2,500= 2,500 = 250%
Hey Consist - your logic is slightly flawed for trading bro - do some further investigation into R:R, trade and money management - it will save you tons of money in the short, medium and long term.
  • #4,259
  • Oct 9, 2019 5:41am Oct 9, 2019 5:41am
Try and learn to maintain position, I will close when the H4 candle changes color or SL + is touched naturally.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 42 KB
Click to Enlarge Name: CADJPYH4.png Size: 44 KB
Click to Enlarge Name: EURJPYH4.png Size: 43 KB
Click to Enlarge Name: NZDJPYH4.png Size: 48 KB
100% 10 Times Compound = "Very Huge"
  • #4,260
  • Oct 9, 2019 5:44am Oct 9, 2019 5:44am
This positions also risk free, thanks again RH and All...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 48 KB
Click to Enlarge Name: USDJPYH4.png Size: 49 KB
100% 10 Times Compound = "Very Huge"
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