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

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Trading Made Simple(r)

  • #4,401
  • Nov 24, 2019 7:59pm Nov 24, 2019 7:59pm
Quoting emmanuel7788
{quote} Yes.
Great, thank you
  • #4,402
  • Nov 24, 2019 9:23pm Nov 24, 2019 9:23pm
Quoting moRTaL
{quote} imho, there is no line indicating where you put the entry, so it's kind of difficult to see.. also your SL seems twice as big as TP.. also try to read the whole thread, at least try to read all emmanuel's posts as he is honest and successful with stochs and rsi stuffs; you can try to back test and forward test with what he posted, applying some logics, totally worthy to spend time on them... depends on your risk appetite and trading style, click this post 4354...
Thank you Mortal for your reply, Sure I will read
  • #4,403
  • Nov 24, 2019 9:26pm Nov 24, 2019 9:26pm
Quoting moRTaL
{quote} hi imho, for me if EC is the best choice to trade among other pairs, then trading W1-D1-H4, i would wait for W1 to close outside the box as the direction at the moment is unclear, then applying the 2nd screenshot, wait for a retrace of H4, then apply tmsr with stochs in unison; or continuation trade of H4 with tmsr and stochs in unison.. Edit: D1 has closed above the box, not bad.. frankly i think can switch to D1-H4-H1 and wait to enter on H1 tmsr long with stochs in unison... as post...
Thanks Mortal, Are we adding another indicator on the top of #1 template ,


I do not know where to find tmsr , could you please help, Thanks
  • #4,404
  • Nov 24, 2019 11:47pm Nov 24, 2019 11:47pm
Quoting MalvernTrust
{quote} Thanks Mortal, Are we adding another indicator on the top of #1 template , I do not know where to find tmsr , could you please help, Thanks
no prob, tmsr refers trading made simpler thread... criteria stays the same, no changes at all, indicators totally the same too.. except to get the best trades, both stochs are in unison.. there is another thread which is called trading made simple and short form is tms..
  • #4,405
  • Nov 25, 2019 2:29am Nov 25, 2019 2:29am
CJ, AJ and EJ similar.. i'm still in CJ so didn't enter the other 2.. the 3 of them have W1 and D1 APB/HA still red, but D1 structure HH, but AJ has H4 tmsr long with stochs in unison.. EJ too but rsi n stochs haven't reach 50 yet.. so best one should be AJ at the moment..
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  • #4,406
  • Nov 25, 2019 11:46am Nov 25, 2019 11:46am
Quoting moRTaL
{quote} no prob, tmsr refers trading made simpler thread... criteria stays the same, no changes at all, indicators totally the same too.. except to get the best trades, both stochs are in unison.. there is another thread which is called trading made simple and short form is tms..
Thank you Mortal for all the information.
  • #4,407
  • Nov 25, 2019 11:49am Nov 25, 2019 11:49am
This morning I entered Long on GBPCHF and it went 35 pips and booked partial profit and trying to long until any two or more colors changes. Anyone in this trade ?
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  • #4,408
  • Edited 7:00am Nov 26, 2019 4:18am | Edited 7:00am
Quoting moRTaL
CJ, AJ and EJ similar.. i'm still in CJ so didn't enter the other 2.. the 3 of them have W1 and D1 APB/HA still red, but D1 structure HH, but AJ has H4 tmsr long with stochs in unison.. EJ too but rsi n stochs haven't reach 50 yet.. so best one should be AJ at the moment.. {image} {image}
out of CJ as PA in H1, H4 and H8 rather bad, ~+0.4R... entered a 1/3 of the usual amount to short CJ with H4 tmsr and stochs in unison but rsi rather flat.. RR ~1.4, will add another 1/3 position if it retrace up..

Edit: sorry, not tmsr... both stochs haven't crossed 50...
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  • #4,409
  • Nov 26, 2019 2:40pm Nov 26, 2019 2:40pm
Quoting moRTaL
{quote} out of CJ as PA in H1, H4 and H8 rather bad, ~+0.4R... entered a 1/3 of the usual amount to short CJ with H4 tmsr and stochs in unison but rsi rather flat.. RR ~1.4, will add another 1/3 position if it retrace up.. Edit: sorry, not tmsr... both stochs haven't crossed 50... {image}
Hi moRTal, can you share this support and resistance indicator on your chat.
thanks
  • #4,410
  • Nov 26, 2019 3:30pm Nov 26, 2019 3:30pm
Yes we need one, that indicator looks great.
  • #4,411
  • Edited 5:25pm Nov 26, 2019 5:08pm | Edited 5:25pm
Quoting DON-K
{quote} Hi moRTal, can you share this support and resistance indicator on your chat. thanks
GD all, are you refering to the rectangular boxes? i drew them manually to visualise the structure more easily, if not i will forget the reasons why i took the trade as time passes.. so it is not an indicator.. you can try to zoom out in H4 and see that there is step-like going down within a large up move..

initially i was trading the D1 up move in retracement with double pin bars... but i exit the up move due to the wick candle in H8 maybe due to the possible reaction when price touches the descending trend line by connecting the 2 lower highs and really bad H1 PA maybe those are characteristics of CAD pairs when it doesn't move in asian and london session.. really misleading... haha

imho, at times learn my lesson again to be more patient and leave my trades alone based on larger TF with good structure in retracement and double reasonable pin bar..

Edit: also maybe the entry for the short setup was not the best setup... a H4 candle that closes around mid body..
  • #4,412
  • Nov 26, 2019 5:58pm Nov 26, 2019 5:58pm
This S/R Indicator might be helpful
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  • #4,413
  • Nov 26, 2019 6:16pm Nov 26, 2019 6:16pm
Quoting emmanuel7788
SGDJPY Nov 14 H8 trade looks like late on H8 but D1 still ok... H8 is the first 8H candle of the new D1. {image}
GD emm

may i ask for the following CJ H8, for learning purposes, are the stochs in unison (yellow line) is 'acceptable' enough as the stoch 8,3,3 is pointing at clock hour hand 2? Yours at SJ is perfect..

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also, would you mind sharing more about TF ratio? frankly i will enter a trade as long as the bigger picture structure supports minimal H1 tmsr with stochs in unison...

i entered long again 1/3 of the usual amount using H2 (and closed my previous short ~-0.2 usual R) due to initial view of D1 HH structure in retracement with 2 D1 double pin bar and H2 tmsr with 'good' both stochs in unison.. there is another 2 buy limit, each 1/3 of usual size if price retraces..

thanks in advance emm

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  • #4,414
  • Nov 27, 2019 9:45am Nov 27, 2019 9:45am
Quoting Forest-Sea
RH, you were testing some various band ideas especially in September. I wonder if you found a combination you have continued to use in your own trading? I think the swingman indicator can be useful and there are other bands out there, for sure. It is all about getting the optimal fit.
I gave up on them because the vast majority of them that I looked at conformed to price instead price conforming to the bands, meaning you couldn't trust the bands to act as real support and resistance which is what I believe most of them were intended to do.

Sorry for the late reply, I have been on somewhat of a LONG vacation.
Always a Student, Never a Master - Emulate What Works
  • #4,415
  • Nov 27, 2019 9:53am Nov 27, 2019 9:53am
Quoting MalvernTrust
{quote} Awesome stuff RH , Thanks very much for all your efforts and time. God bless and RIP to Big EE . Just started learning from yesterday. May be too early to ask question : For the crossover trade on H4 do we need to check D1 Chart for a confirmation. Actually I tried crossover and matched all the rules as mentioned above and tried few currency pairs but my positions turned the opposite direction. Trade entered just after 9 PM EST ( 4H candle) , probably we should need to avoid Asian session and try this in early morning EST around 5 AM EST...
Hi, and welcome.

All of these things have been covered in the thread at some point. Part of the reason I stopped posting very much is because I had to answer the same questions over and over and so it became like Groundhog Day.

Study Posts: #1, #9, #25, #76, #96 and #112.
Always a Student, Never a Master - Emulate What Works
  • #4,416
  • Nov 27, 2019 11:40am Nov 27, 2019 11:40am
Thanks for your reply RH, let me read all posts one more time and will ask further questions if I have any.
  • #4,417
  • Nov 27, 2019 1:09pm Nov 27, 2019 1:09pm
Quoting RobinHood
{quote} Hi, and welcome. All of these things have been covered in the thread at some point. Part of the reason I stopped posting very much is because I had to answer the same questions over and over and so it became like Groundhog Day. Study Posts: #1, #9, #25, #76, #96 and #112.
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  • #4,418
  • Nov 27, 2019 3:27pm Nov 27, 2019 3:27pm
Quoting MalvernTrust
Thanks for your reply RH, let me read all posts one more time and will ask further questions if I have any.
You're welcome.
Always a Student, Never a Master - Emulate What Works
  • #4,419
  • Edited 4:58pm Nov 27, 2019 4:43pm | Edited 4:58pm
Quoting RobinHood
{quote} Hi, and welcome. All of these things have been covered in the thread at some point. Part of the reason I stopped posting very much is because I had to answer the same questions over and over and so it became like Groundhog Day. Study Posts: #1, #9, #25, #76, #96 and #112.
GD RH, your original method still works and the performance improves by emm's suggestion (stochs in unison).. thx v much to both of you

Edit: the difficult part is being patient to wait for larger TF setup.. haha
  • #4,420
  • Edited 10:29pm Nov 27, 2019 10:19pm | Edited 10:29pm
this EJ not bad, D1 structure HH, D1 tmsr with stoch in unison, entered 1/3 position first, will add later if retraced further.. but end of month and december coming.. also the 5 day average < 10 days average < 20 days average... haha.. SL previous 2 days' low
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