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Trading Made Simple 115128 replies

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Trading Made Simple(r)

@Kirinda and @Neil001

Thank you for your all criticism and suggestions, in almost all cases, people often differ in opinions, I will continue, because now I am busy.

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/

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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.
100% 10 Times Compound = "Very Huge"
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%

I am not sure what you like to proof with this?
Quoting foureggs
{quote} I am not sure what you like to proof with this?
OK, Thankyou.
100% 10 Times Compound = "Very Huge"
Quoting Consist
{quote} OK, Thankyou.
uw
Quoting Consist
Try and learn to maintain position, I will close when the H4 candle changes color or SL + is touched naturally. {image} {image} {image} {image}
Hit SL++
100% 10 Times Compound = "Very Huge"
Interesting contropercial reading to learn.

https://www.forexfactory.com/showthread.php?t=648319
100% 10 Times Compound = "Very Huge"
Quoting Consist
Interesting contropercial reading to learn. https://www.forexfactory.com/showthread.php?t=648319
LMAO - he has been trying since 2017 and hasn't even come close - he is better off at a casino!!!!
Aud/cad | All 7 look good. Bought some, let’s see how she roars.
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Quoting NewbTrader7
Aud/cad | All 7 look good. Bought some, let’s see how she roars. {image}
I waiting M5 to UP
100% 10 Times Compound = "Very Huge"
all trades I take is lost everytime
I dont understand why this strategy is not working
r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put
all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal
audusd
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gbpusd
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gbpcad
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gbpsgd
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Quoting forexdg
all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}
Hey Forexdg - these trades were all affected by the Brexit news overnight = an exceptional event that can't be predicted or protected against. It is a fact of trading and this time it went against you - next time it may go in your favor
Quoting neil001
{quote} Hey Forexdg - these trades were all affected by the Brexit news overnight = an exceptional event that can't be predicted or protected against. It is a fact of trading and this time it went against you - next time it may go in your favor
I know people are trading the gbp but I won’t touch it. Just be patient and look elsewhere. All that hoopla will dissipate soon and then it’s back to work. Right now it’s just a coin toss.

AUD/CAD | UPDATE | Bought some more. Being patient.

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If you're trading GBP Pairs, i think the best thing to do is to sit tight in front of your computer as if you are scalping. News caused the spike yesterday and don't be surprise if it reverses again.
Quoting forexdg
all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}

most of them what I can see you took against the trend, bad idea, counter trend trades are more often lost than won
would be nice if you show chats that one can see which pair it is, just an opinion
Quoting forexdg
all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}
As mentioned, be careful of any GBP pairs because of Brexit! On LTF's there could be some great opportunities if you scalp successfully..........I can't so far.

Did anyone take AUDCHF on Daily and H4 short yesterday night (GMT)? It looked like a good trade to me but hit SL. I tried a few other pairs on H4 and H1 and lost all. I will stick to Daily and monitor H4 for now as LTF's I can't seem to trade.

Last night I was looking at Long (Daily):
NZDJPY
NZDCHF

I didn't take them because I took a hammering on Simpler and thought best to sit aside because as I'm learning this system. Wish I'd taken them now but that's hindsight! Anyone else trade these and if not why not?

On my system I saw Long (Daily)

Most GBP pairs but favoured GBPCAD
EURJPY

I didn't want to risk more on additional GBP pairs. I didn't see these as valid on Simpler yesterday but today look like a long signal? When back testing it looks like a possible signal a day earlier except lagging a bit on the SMMA's but RSI looks good. Is everyone dead strict about the SMMA's being above or below the zero line? I assume you should, be but easy to make assumptions while looking back.

So I made enough pips overnight of have a small profit after a weeks loss. Some luck perhaps but I followed my signals even against trend because my baseline was good but carries higher risk. Long term I don't know if successful the way I do things now but I do like the Simpler system and testing in parallel......Thanks Robinhood, but I have a lot to learn here.
Quoting NewbTrader7
Aud/cad | All 7 look good. Bought some, let’s see how she roars. {image}
That's really interesting! I had this as a Long too last night BUT looked today and thought maybe I'd made a mistake! On your chart the RSI is above zero but if I look now, it hasn't gone above and remains below. If it turned I would have though I'd see yesterdays RSI spike slightly above and then drop below now but I don't, so looks like a repaint? Anyone else seen this?
Is anyone interested in setting up or being involved in a Discord Chat for trade alerts? Not to blindly follow but to share analysis and thoughts on H4 and Daily or whatever? Just a thought.
Quoting abarrett
{quote} That's really interesting! I had this as a Long too last night BUT looked today and thought maybe I'd made a mistake! On your chart the RSI is above zero but if I look now, it hasn't gone above and remains below. If it turned I would have though I'd see yesterdays RSI spike slightly above and then drop below now but I don't, so looks like a repaint? Anyone else seen this?
not to be smart, but if one looks to the right, we have a peek up in an official downtrend (I see the uptrend only as an correction)
which makes a trade vulnerable to react
one should always take this into consideration when entering a trade, look how much pips are available, before
it hits a level to respond
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Quoting neil001
{quote} 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.
Hey Neil, can you suggest some good articles or eve books on this? Or anyone else for that matter. I have an idea on it but I’d definitely like to be sure before investing a lot. Thanks
Quoting foureggs
{quote} not to be smart, but if one looks to the right, we have a peek up in an official downtrend (I see the uptrend only as an correction) which makes a trade vulnerable to react one should always take this into consideration when entering a trade, look how much pips are available, before it hits a level to respond {image}
But if you only look LEFT of the green Vline, you see an official downtrend OVERDUE to go up. However, your comment of "look how much pips are available" is only a hindsight observation. Based on your speculation of the up move as only a trend correction, then the PREVIOUS up moves are more indicative of what to expect if this is a correction similar to those. The fact that the current "correction" started off with 2 large-bodied bars and continued marching upward is more indicative of a trend change underway, in keeping with "overdue to go up", rather than a simple correction.

In any case, if one has decided to enter at the green VLine, be aware that if this is a 50% correction, it is nearly at the target. A more conservative entry would be to wait for the retracement of this leg and see if it is a higher low and if so, buy the continuation. And indeed, this is what played out.
The markets are speaking to you. Do you know their language?
IMT Pips This Year: 110
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