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Trading Made Simple(r)

  • #4,421
  • Edited 7:15am Nov 28, 2019 6:54am | Edited 7:15am
Quoting moRTaL
{quote} 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.. {image}
already got the answer.. click this post...

Edit: and this post
  • #4,422
  • Nov 28, 2019 7:56am Nov 28, 2019 7:56am
Just striked 12am AEST midnight and here I am...

After 10 years trading, after thousands of trades, after close to 20 accounts blown up (majority mini accounts but it meant everything to me, I put it all on the line all the time), after all the horrendous emotional injuries, the tears, the pain, the mental suffering, the doubt, the hope, the wins, the losses the gambles and broken relationships. I have finally... finally found some ground and it all changed about 2 months ago. For years I knew my biggest problem was me, I had to change but I never worked towards that or atelast I tried to but kept failing and reverting back to bad habits. I lacked discipline, patience, mindset, plan.. basically everything and for as long as I can remember I've been an emotional wreck ever since. I'm not seeking sympathy at all but there are many reasons behind trading why I felt the way I did. Personal life affected my trading and trading affected my personal life, both wreaked havoc to my inner soul.

I used to be a heavy smoker, 2 months ago I quit cold turkey for the 20th attempt, but this time it was different, I felt very different. I don't know exactly why I felt different but this time I kept telling my self and imagining the first step to becoming a profitable trader was to quit smoking, once I made that decision and used trading as the reason the very next day I quit and havn't looked back ever since. The day I quit smoking was the day I picked up a book. I never used to read. The day I picked up a book was the day I stumbled upon TMS (Big E, may he rest in peace). I've read every post of Big E's, I've read about 5 books(trading/discipline related), 5 audiobooks.. forgot to mention I was also a heavy gamer. I replaced my gaming time with reading/studying charts. Fast forward... came RobinHood version.

Every breathing moment I had to spare I read and re-read and read this thread. I used to hate catching the train from work to home (2hr ride) but I found joy in it once I started reading. I was able to pick up the method of RH's version very quickly and started applying it to my charts.. it has shown me the brightest light I have ever seen. Not the method on its own but everyones contribution to this thread. I can't thank you all enough. Emmanuel I personally want to thank you for all the hard work you put into your charts and for pointing us in the right direction. Thank you.

RobinHood,
Who you are, I don't know, but I feel like I know. From the deepest part of my heart Thank you for sharing your knowledge and method and wisdom with all of us. This thread didn't just "touch me" or "move me" it certainly "changed me". That's the biggest win for me.
As for now, I will go back to learning, studying until I am concreted above my own surface, until I'm solid. I have a lot of work to do. Peaceeee.
  • #4,423
  • Nov 28, 2019 9:29am Nov 28, 2019 9:29am
Quoting Noors
Just striked 12am AEST midnight and here I am... After 10 years trading, after thousands of trades, after close to 20 accounts blown up (majority mini accounts but it meant everything to me, I put it all on the line all the time), after all the horrendous emotional injuries, the tears, the pain, the mental suffering, the doubt, the hope, the wins, the losses the gambles and broken relationships. I have finally... finally found some ground and it all changed about 2 months ago. For years I knew my biggest problem was me, I had to change but I never...
Noors,

I GENUINELY APPRECIATE the kind words! It's for people like you that I hoped to make a difference for when I started this thread and it makes me happy to know that for at least a few people I have done that.

This story best illustrates what my intention was...

Saving Starfish

Once upon a time, there was an old man who used to go to the ocean to do his writing. He had a habit of walking on the beach every morning before he began his work. Early one morning, he was walking along the shore after a big storm had passed and found the vast beach littered with starfish as far as the eye could see, stretching in both directions.

Off in the distance, the old man noticed a small boy approaching. As the boy walked, he paused every so often and as he grew closer, the man could see that he was occasionally bending down to pick up an object and throw it into the sea. The boy came closer still and the man called out, "Good morning! May I ask what it is that you are doing?"

The young boy paused, looked up, and replied "Throwing starfish into the ocean. The tide has washed them up onto the beach and they can’t return to the sea by themselves," the youth replied. "When the sun gets high, they will die, unless I throw them back into the water."

The old man replied, "But there must be tens of thousands of starfish on this beach. I’m afraid you won’t really be able to make much of a difference."

The boy bent down, picked up yet another starfish and threw it as far as he could into the ocean. Then he turned, smiled and said, "I made a difference to that one!"

---------------

My advice to you is to ALSO read (and re-read) all of of the books that I have posted in the thread, as well as the ones that others have posted.

BTW, I smoked for 35 years and quit 10 years ago. It was by far the hardest thing I ever did, but it was also one of the best things I ever did. Congrats on you quitting also.

Happy Thanksgiving! And best of luck to you!

- RobinHood
Always a Student, Never a Master - Emulate What Works
  • #4,424
  • Nov 28, 2019 7:24pm Nov 28, 2019 7:24pm
ok this trade is totally an early bird trade, as W1 and D1 bar still red, and we can see the step like down structure in H4, but looking at OHLC of D1 and near recent bottom to the left, i could not resist to give it a try... haha..

so it is more risky, only enter 1/3 of usual amount... and actually based on this post... but i'm still new to that style of trading... also it is H1... i prefer H4 confirmation

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so i waited for H4 tmsr which i'm already used to trading for a few months, yes the rsi and stochs are still below 50, but stochs are in unison and all are close to 50.. but i just entered as yesterday was a US holiday and also after LO closes..

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  • #4,425
  • Nov 28, 2019 8:30pm Nov 28, 2019 8:30pm
Subscribed. This is a great system, especially for a begginer like me. It is a simple system. Thanks to Robinhood and all you guys/girls that have contributed, All the best.
  • #4,426
  • Nov 28, 2019 11:21pm Nov 28, 2019 11:21pm
watch these in about 30min may form 'good' setups (more of an early bird setup): but this is end of month... imho, who knows may retest the lows in the beginning of next month..

AJ D1 structure HH, H4 may form tmsr with stochs in unison, but there is a relatively big candle to the left

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AN D1 structure HH (or maybe it is more accurate to W1), H4 may form tmsr with stochs not really in unison, but very tempting... but i hope price will go lower once more before going up, maybe that way stochs will be unison...

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  • #4,427
  • Nov 30, 2019 4:54am Nov 30, 2019 4:54am


Hi RobinHood, would you short trade this,.. with bars hugging the yellow line? Would this be considered a cross over?


  • #4,428
  • Nov 30, 2019 4:57am Nov 30, 2019 4:57am
cant seem to post. I am talking about Nas100 @ 4Hr timeframe
  • #4,429
  • Nov 30, 2019 7:33am Nov 30, 2019 7:33am
Quoting august21
cant seem to post. I am talking about Nas100 @ 4Hr timeframe
I don't have a chart for the NAS100. Can you post yours?

You insert an image by:

1. Clicking on: Reply to Thread and then click the area in the white box where you want the image to go (it's the same blank white area where you type messages that you want to post)

2. Go to Attach Files and click on: Upload From Device

3. Choose the image you want to post from your computer

4. Click on: Insert and then click on: "Post New Reply"

You will not see the image UNTIL AFTER you have clicked on "Post New Reply"
Always a Student, Never a Master - Emulate What Works
  • #4,430
  • Nov 30, 2019 8:17am Nov 30, 2019 8:17am
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  • #4,431
  • Nov 30, 2019 8:41am Nov 30, 2019 8:41am
Yes, it would be a Crossover Trade BUT you can't short it because the RSI is still above the 50 Line.

Here are the Crossover Trade entry rules (look at # 6)

Crossover Trades:

1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades.

2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades.

3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky.

4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade.

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade at the time of entry.
Always a Student, Never a Master - Emulate What Works
  • #4,432
  • Nov 30, 2019 9:19am Nov 30, 2019 9:19am
[quote=RobinHood;12640596]Yes, it would be a Crossover Trade BUT you can't short it because the RSI is still above the 50 Line. Here are the Crossover Trade entry rules (look at # 6) Crossover Trades: 1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades. 2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades. 3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky. 4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade. 5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts. 6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade atare

Do we need to check the higher time frame too ! For H4 check daily chart ( weekly and monthly charts may not be required to place orders for H4 carts ) correct ?

are we still placing stop loss just 2 candles before the setup candle Or ATR based SL by using cave man EA !
  • #4,433
  • Nov 30, 2019 10:29am Nov 30, 2019 10:29am
Quoting MalvernTrust
Quoting RobinHood
Yes, it would be a Crossover Trade BUT you can't short it because the RSI is still above the 50 Line. Here are the Crossover Trade entry rules (look at # 6) Crossover Trades: 1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades. 2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades. 3. After both # 1 and # 2 above have occurred,
...
I only trade the 4 hr. and/or the Daily Charts. I normally check the next higher time frame to confirm the direction and I ONLY enter trades based on the 5 minute chart when it is also going in the same direction as my trade.

I have a saying: "Don't jump on a southbound train if you want to go north"

I place my stop 2 bars back UNLESS there is an obvious swing high/low very close and then I'll place my stop about 10 pips past that.
Always a Student, Never a Master - Emulate What Works
  • #4,434
  • Nov 30, 2019 12:38pm Nov 30, 2019 12:38pm
Need to study the thread and put this method into use! Seems pretty good.
Kudos!
  • #4,435
  • Nov 30, 2019 2:14pm Nov 30, 2019 2:14pm
Quoting emmanuel7788
{quote} {quote} Hi, I am testing an alert indicator to see if it works properly according to RobinHood's Crossover condition i.e. the HMA crosses the 5EMA,Close,Shift+2 Yellow Line. Want to be sure that there is no repainting of the Up/Down arrows on live charts. It is not intended to be trade signal but to send alert so that traders can analyse their own charts for buy or sell trade opportunities. Let me finish the tests by this week and I will communicate with RobinHood and see how it can be of use in his thread. Please wait for further update...

Hello Emmanuel,

I missed many 4 H signalsin the past two weeks. I just read your post you are working on some alert.
Do we have any alert mechanism in place already. Manually monitoring 28 currency pairs is not practical. Or as mentioned by RH, we need to pick the pairs by analysing weekly Charts and Daily Charts ( Toop down approach) and wait for the H4 trades. That would be very helpful if we have an alert.

I can understand complete-automation is not possible and risky too. Or atleast if we have an EA we can backtest the results and focus on the best currency pairs suits these systems.

Thanks,
  • #4,436
  • Nov 30, 2019 2:20pm Nov 30, 2019 2:20pm
Quoting RobinHood
{quote}{quote} I only trade the 4 hr. and/or the Daily Charts. I normally check the next higher time frame to confirm the direction and I ONLY enter trades based on the 5 minute chart when it is also going in the same direction as my trade. I have a saying: "Don't jump on a southbound train if you want to go north" I place my stop 2 bars back UNLESS there is an obvious swing high/low very close and then I'll place my stop about 10 pips past that.
Thank you Sir :-) That makes absolute sense. But we miss many 4H time frame trades for trending currency pairs offcourse we would not lose eaither.

I appreciate this simple approach to cross over and continuation trades, I can completely understand the algorithim and how I recongnize how simple to identify the trend. Thats amazing.

However below Optional algorithm little confusing me. Are we allowed to enter any one of this condition or any 2 or 3 matches before placing a trade.

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

Again many thanks your system.
  • #4,437
  • Edited 4:39pm Nov 30, 2019 2:36pm | Edited 4:39pm
Quoting Noors
Just striked 12am AEST midnight and here I am... After 10 years trading, after thousands of trades, after close to 20 accounts blown up (majority mini accounts but it meant everything to me, I put it all on the line all the time), after all the horrendous emotional injuries, the tears, the pain, the mental suffering, the doubt, the hope, the wins, the losses the gambles and broken relationships. I have finally... finally found some ground and it all changed about 2 months ago. For years I knew my biggest problem was me, I had to change but I never...
Hello Noors,

excellent post and this would encourage the traders. I am like almost you. I agree, this system is very good if we use appropriate money management. Picking the trades is easy and placing the stops would help us to prevent from the huge DD.I am very Thankful to BigEE and RH for their time and efforts. Emma is trying to help fellow traders here, I am a slow learner, just started to read couple weeks ago. Slowly trying to understand.

Another classic example to check any system is the day of this year beginning Jan 2nd 2019, only bigbanks made profits. Most of the JPY crosses went down and come backup. Please refer these screen shots. If anyone followed this system during last week of December 2018 they could have made huge pips. I did followed the different system and made just 150 pips profits and due to the volatile move I couldnt able to make furtehr and messesd up with my further positions. But this one looks great.

Not sure RH or Emma went short during these days.

I am just sharing these 4H and Daily Charts to validate how can rely on the system even in a big move ( 1000 pips wipsaw in days). But we need to stick with system by applying all rigid rules.
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  • #4,438
  • Nov 30, 2019 4:18pm Nov 30, 2019 4:18pm
Quoting MalvernTrust
{quote} Thank you Sir :-) That makes absolute sense. But we miss many 4H time frame trades for trending currency pairs offcourse we would not lose eaither. I appreciate this simple approach to cross over and continuation trades, I can completely understand the algorithim and how I recongnize how simple to identify the trend. Thats amazing. However below Optional algorithm little confusing me. Are we allowed to enter any one of this condition or any 2 or 3 matches before placing a trade. 1. Just the Yellow Line 2. Just the HMA Line 3. Just one of...
There are no set rules as these are trading methods not a trading system with a strict set of rules. Everyone is different. You decide exactly how you trade. I have NEVER met any trader (me included) who could/would follow a system perfectly. They might exist, but I have never met one.
Always a Student, Never a Master - Emulate What Works
  • #4,439
  • Nov 30, 2019 5:24pm Nov 30, 2019 5:24pm
Quoting RobinHood
{quote} There are no set rules as these are trading methods not a trading system with a strict set of rules. Everyone is different. You decide exactly how you trade. I have NEVER met any trader (me included) who could/would follow a system perfectly. They might exist, but I have never met one.
Agreed :-) At this point I would prefer to stick with the main algorithm steps on the main page.
  • #4,440
  • Edited 6:31pm Nov 30, 2019 5:35pm | Edited 6:31pm
Quoting RobinHood
{quote} I have NO IDEA what the winning % will be. There are too many variables that can't be quantified among different traders. This exercise is not MAINLY about the winning %. The most important part is about executing trades according to a set of RULES and sticking to them, which most newer and undisciplined traders are NOTORIOUSLY BAD AT. Special pairs? It really doesn't matter, but if I had to chose, I would suggest some of these: AUDUSD, GBPUSD, EURUSD, USDCHF, USDJPY, USDCAD, NZDUSD
I beleive we need to exclude these currency pairs (AUDUSD, GBPUSD, EURUSD, USDCHF, USDJPY, USDCAD, NZDUSD) in the popular 28 list ? Just double checking.

Initially I have noticed RH trades mostly on EURAUD,GBAUD and GBPJPY on 4H and USDTRY on D1 timeframe. By following this method do we have any suggested picks !I see USDMXN also a good exotic pair in the past by using this method. Any pair suggestions would be helpful.

Base on my two weeks overview and random manual backtesting I prefer these pairs looks good by using H4 by comapre with Daily charts for both croos over and continuation charts.

 

  1. AUDJPY
  2. EURJPY
  3. EURCAD
  4. EURAUD
  5. GBPJPY
  6. GBPAUD
  7. GBPCHF
  8. GBPACAD
  9. USDMXN


EURNZD and GBPNZD also good pairs to trade by using method, but these two are pretty much moving with Stock index, so too choppy move and possible to hit the SLs frequently if we trade H4 .

That would be very helpful if someone can share their favorite currency pairs based on their experinces in the past.

Thanks

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