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Trading Made Simple(r)

  • #4,801
  • Apr 21, 2020 11:57am Apr 21, 2020 11:57am
EA Trade Update...

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Always a Student, Never a Master - Emulate What Works
  • #4,802
  • Apr 21, 2020 12:03pm Apr 21, 2020 12:03pm
Quoting RobinHood
EA Trade Update... {image}
Looks beautiful! Interesting that you're posting M5 charts

Btw, you added a new indicator there, am I right? HMA_Trend? Is that the filling on the TMMS circles?
  • #4,803
  • Edited 12:24pm Apr 21, 2020 12:10pm | Edited 12:24pm
EA Trade Exit...

It turned up on the 1 min so I got out...bad time of the day to day trade anyway. Exit is the purple line to the far right.

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Always a Student, Never a Master - Emulate What Works
  • #4,804
  • Apr 21, 2020 12:25pm Apr 21, 2020 12:25pm
Quoting lsreis
{quote} Looks beautiful! Interesting that you're posting M5 charts Btw, you added a new indicator there, am I right? HMA_Trend? Is that the filling on the TMMS circles?
Yes, but it's redundant, and totally unneeded. It just helps me see and focus on the dots more easily when I need to.
Always a Student, Never a Master - Emulate What Works
  • #4,805
  • Apr 21, 2020 2:20pm Apr 21, 2020 2:20pm
Dear Mr. RB, thanks for your kindness to share your knowledge with us. Here's a trade I took just now.
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  • #4,806
  • Apr 21, 2020 3:02pm Apr 21, 2020 3:02pm
Quoting RobinHood
{quote} Good job! I'm glad it worked out for you. In the future, try not to enter trades inside of congestion. {image}
Hey RH, how can one avoid these types of congestion?! I have been a victim several times already. If you look at the posted chart above you will notice that there were at least two dummy continuation trade. I don't know but i seem to notice them after price goes past that area/ historical data but under live conditions it's extremely difficult. Thoughts?
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #4,807
  • Edited 3:59pm Apr 21, 2020 3:38pm | Edited 3:59pm
Quoting Nonip
{quote} Hey RH, how can one avoid these types of congestion?! I have been a victim several times already. If you look at the posted chart above you will notice that there were at least two dummy continuation trade. I don't know but i seem to notice them after price goes past that area/ historical data but under live conditions it's extremely difficult. Thoughts?
It's just like losing your bait when you are fishing, the only way to avoid it is to stop fishing. Other than that, take your small losses and let your profits run on the good trades. Or set a decent Profit Target.
Always a Student, Never a Master - Emulate What Works
  • #4,808
  • Apr 21, 2020 3:41pm Apr 21, 2020 3:41pm
Quoting RobinHood
Here goes another one... * This is not a good time of the day to day trade but I am using small stop and there's lots of room below. {image}
Hi RH,
may I ask you, when you’ve placed that order? On purple vertical line or after it? On purple vertical line was the setup candle, right?
How about the grey bar in oscillator. It didn’t turn red.
I am just asking, if this decission was based on your experience as a trader or I am missing something on the chart.
  • #4,809
  • Edited 4:25pm Apr 21, 2020 4:02pm | Edited 4:25pm
Quoting tbu84
{quote} Hi RH, may I ask you, when you’ve placed that order? On purple vertical line or after it? On purple vertical line was the setup candle, right? How about the grey bar in oscillator. It didn’t turn red. I am just asking, if this decission was based on your experience as a trader or I am missing something on the chart.
I am entering these trades SOLELY on the crossing of the yellow over the gray line. As soon as it does it, I'm in...if I see it. Sometimes I am late entering because I am doing something else while I am waiting.

Look at all these trades. What more does a trader need?

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Always a Student, Never a Master - Emulate What Works
  • #4,810
  • Apr 21, 2020 4:31pm Apr 21, 2020 4:31pm
Quoting RobinHood
{quote} I am entering these trades SOLELY on the crossing of the yellow over the gray line. As soon as it does it, I'm in...if I see it. Sometimes I am late entering because I am doing something else while I am waiting. Look at all these trades. What more does a trader need? {image}
It's Interesting that yellow line can be used for both entry and exits

very powerful indeed
  • #4,811
  • Apr 21, 2020 4:42pm Apr 21, 2020 4:42pm
I always used the intersection RSI(14) Stochastic(8,3,3).
  • #4,812
  • Apr 22, 2020 7:39am Apr 22, 2020 7:39am
Quoting Nonip
{quote} I don't know but i seem to notice them after price goes past that area/ historical data but under live conditions it's extremely difficult. Thoughts?
Hi, in addtion to the simple but really useful reply by RH... my 2 cents..

(please check his posts to verify the details k..) Emm defined sideways in W1 with 3 candles..

Sideways in H4 is quite noticeable as it is more or less defined within an upper and lower limit too in hindsight.. So imo, you just need to make your own definition of how many candles the consolidation in H4 is defined of, how do you defined the upper and lower limit as the consolidation develops with many wicks... this way you will somehow someway are aware of the possibility of it forming.. if you were to still enter the trade, at least you are prepared for it.

Assuming you are getting more correct than not in estimating the direction of price through TMSr in HTF:
-> Since entering with TMSr is somehow someway 'late' (Note that i'm not saying TMSr is bad... Personally i totally improve my trading skills onward from TMSr by RH from observing the price action of OHLC and APB/HA in higher TF... Totally grateful of this thread and RH... Also, in trading there is no such thing as perfect entry... but we can fine tune our entry points such that the average entry will be better..

-> Solution: Use multiple entries... As more likely than not, you will be 'trapped' by a single entry point with TMSr that ends up in H4 consolidation... if your direction is correct, then using your own defined upper and lower limit of H4 consolidation, SL must always be applied, with multiple entries, you can somehow someway in the end get better entry point by 'shifting/eliminating' one of your 'bad' entry point..
- yes, not easy, but it is doable once you see a lot of those H4 consolidation in back test and in forward testing..

Who makes green pips again and again from consolidation?
-> Davit from Pivot Trading and akim0895 from Daily Trading Ideas... both look at MTF and they are really good in reading PA
  • #4,813
  • Apr 22, 2020 10:04am Apr 22, 2020 10:04am
Congratulations Robin for your great work and patience, I wanted to ask you the following question, what prevails for you in the following image the cut of the yellow line with the gray that says sales or the RSI that is against it? thanks in advance for your reply, I apologize for the language difficulty
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  • #4,814
  • Apr 22, 2020 10:10am Apr 22, 2020 10:10am
Quoting RobinHood
{quote} I am entering these trades SOLELY on the crossing of the yellow over the gray line. As soon as it does it, I'm in...if I see it. Sometimes I am late entering because I am doing something else while I am waiting. Look at all these trades. What more does a trader need? {image}
Great thread RH! Stumbled upon this after spending some time on the original TMS thread. Have downloaded & setup all the various indicators, templates etc. Currently testing template#4c as per this post.

May I ask if this works on all timeframes? From what I've read I believe the answer is yes however I have been monitoring throughout the day (whilst working London hours) and have struggled to find valid crosses on H4 however managed to find 7 this afternoon on H1. Setup SL two bars back, TP of 100 (ambitious, I know) and trailing stops +50. Managed 5 blue trades Suspect I need to drop the trailing stops and lower the TP to 50 or 1.5 x SL as per your guidance on previous threads.

Thanks for the great advice so far, will keep testing and feed back.
  • #4,815
  • Apr 22, 2020 10:41am Apr 22, 2020 10:41am
Quoting Ppk79
{quote} Great thread RH! Stumbled upon this after spending some time on the original TMS thread. Have downloaded & setup all the various indicators, templates etc. Currently testing template#4c as per this post. May I ask if this works on all timeframes? From what I've read I believe the answer is yes however I have been monitoring throughout the day (whilst working London hours) and have struggled to find valid crosses on H4 however managed to find 7 this afternoon on H1. Setup SL two bars back, TP of 100 (ambitious, I know) and trailing stops...
It works on all time frames. It's just that in the higher time frames you don't get whipsawed as much as in the lower time frames.
Always a Student, Never a Master - Emulate What Works
  • #4,816
  • Edited 6:15pm Apr 22, 2020 11:34am | Edited 6:15pm
Here's a Continuation sell I just did on a 15 min chart. Risk was 12 pips. Let's see how it plays out...

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Here's how it played out...

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Always a Student, Never a Master - Emulate What Works
  • #4,817
  • Apr 22, 2020 12:08pm Apr 22, 2020 12:08pm
The first transaction on M15 on gold :

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  • #4,818
  • Apr 22, 2020 9:11pm Apr 22, 2020 9:11pm
Quoting RobinHood
Here's a Continuation sell I just did on a 15 min chart. Risk was 12 pips. Let's see how it plays out... {image} Here's how it played out... {image}
Hi RobinHood how simple is this system thanks to you ,have a great day
  • #4,819
  • Apr 22, 2020 10:30pm Apr 22, 2020 10:30pm
Okay, I've been trading this system for just about 4months now and I'm confident enough now to post my trades. I still need a lot of work, especially managing the trades. I will post all of my trades, wins and losses. I'm hoping I could learn more off here by doing so. This is also a personal journal for me I suppose just to do some extra work while nothings happening in the markets.

Yesterdays trade:
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I couldn't manage this trade, I was asleep so it was a Set/Forget. This is a 4hr trade but I manage on the hourly, if things look south on the hourly but the 4hr still looks strong (eg. stochs are still below/above 20/80, RSI is looking good and 14 stoch is in colour) then I'll let the trade play out OR I will move the SL closer to my entry. I've been starting to exit my trades really early and I like that I'm doing that, because I'm trading based off momentum, I don't want to give my trade some room before it moves, it either moves then and there or I'm out, and if it then starts moving my way later I'll get back in. I think that's the right approach for me.
  • #4,820
  • Edited Apr 23, 2020 12:19am Apr 22, 2020 10:35pm | Edited Apr 23, 2020 12:19am
Current Trade:
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I'll be watching this closely, If we near TP I will close half and let it do its thing.

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And I'm out, will look for another re-entry if the market gives it
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