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Trading Made Simple(r)

  • #4,821
  • Apr 23, 2020 12:37am Apr 23, 2020 12:37am
Quoting Noors
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: {image} {image} 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...
Thank you for sharing, Noors. Very helpful.
  • #4,822
  • Apr 23, 2020 2:20am Apr 23, 2020 2:20am
So I re-entered short out of ambition, the 4HR chart still seems so strong. Even though we have a pull back the stochs are in unison, below 20 and both in colour.

SL is now at BE and see how far we can ride this.
EDIT: Closed half position for 35pips, SL set at BE. Holding trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH45.png Size: 84 KB


Here is the 1HR chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH12.png Size: 130 KB
  • #4,823
  • Apr 23, 2020 3:50am Apr 23, 2020 3:50am
Quoting moRTaL
{quote} 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...
This is an important discussion, if we can figure out how to better deal with choppy conditions (other than simply staying out) then that would make this framework stronger. I am not so clear on your point about average entries, maybe you could attach a screenshot giving an example of you have managed a trade in this fashion. Currently, I am determining that a pair is choppy by looking at the number of HA color changes between red and blue on H4 charts over the last week and if its over a certain number then I would skip that pair or another way is by looking at if its ranging between 2 prices.
  • #4,824
  • Apr 23, 2020 4:33am Apr 23, 2020 4:33am
Quoting tonberry
{quote} This is an important discussion, if we can figure out how to better deal with choppy conditions (other than simply staying out) then that would make this framework stronger. I am not so clear on your point about average entries, maybe you could attach a screenshot giving an example of you have managed a trade in this fashion. Currently, I am determining that a pair is choppy by looking at the number of HA color changes between red and blue on H4 charts over the last week and if its over a certain number then I would skip that pair or another...
Hi Tonberry:

Might be useful for you to have read through Swingman's thread; it's very short.

His Dashboard was created for our TMSr Trading and I find it very helpful.

https://www.forexfactory.com/showthread.php?t=928698

Trade well.
  • #4,825
  • Apr 23, 2020 4:40am Apr 23, 2020 4:40am
Trending Pairs

For example, at the close of the last NY Session I looked at the Dashboard to determine what pairs were trending, hence where to look for trades.

Now everybody's criteria will be diffident; to each his own.

For me, I will only trade an H4 Signal if the D1 Chart is also trending in the same direction. I use the M15 to look for Pullbacks.

So look at the pairs that I have marked...it means for the day I will only be looking for trades in these pairs. Nice one-stop shop. No need to flick through 28 Pairs!!.

Attached Image


Note that in all the pairs that I have marked, the D1 and H4 are singing the same song!

Now remember, to each his own.

Trade well.
  • #4,826
  • Apr 23, 2020 4:47am Apr 23, 2020 4:47am
EURUSD - H4

Will be holding this one for a while yet.

Attached Image (click to enlarge)
Click to Enlarge Name: EU-H4.jpg Size: 122 KB


I'm LONG USDCAD as well from 1.40118.....another one for the Long haul.

Trade well.
  • #4,827
  • Apr 23, 2020 5:05am Apr 23, 2020 5:05am
Closed second half position for +60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH16.png Size: 96 KB
  • #4,828
  • Apr 23, 2020 5:05am Apr 23, 2020 5:05am
Quoting krismitt
EURUSD - H4 Will be holding this one for a while yet. {image} I'm LONG USDCAD as well from 1.40118.....another one for the Long haul. Trade well.
Good job holding on through all of that mess!
Always a Student, Never a Master - Emulate What Works
  • #4,829
  • Apr 23, 2020 5:06am Apr 23, 2020 5:06am
Quoting Noors
Closed second half position for +60 pips {image}
Excellent!
Always a Student, Never a Master - Emulate What Works
  • #4,830
  • Apr 23, 2020 5:12am Apr 23, 2020 5:12am
Some thoughts...

I have been trading this method since the start of the thread.

Funny coincidence is that when this thread started, the markets were trending like crazy and we were having some fantastic success.
Then the inevitable happened. The market began to chop and many of us lost pretty much what we had made. But hey, this is one of the best trading methodologies I have seen in FF over the years so I like it very much. I haven't been trading the method much since I got chopped-up but I kept thinking about the million dollar question....how to avoid the chop and tried a few things while in hibernation.

If you are new to this thread the best advice I can give to you is only an echo from Robinhood's posts since his belated return to the Thread, as follows:-

Post #4637
https://www.forexfactory.com/showthr...6#post12868566

And Post #4727
https://www.forexfactory.com/showthr...8#post12881318

Both have resonated with me, coming out of my "reflections" on this trading methodology.

And for emphasis I quote ""Day trading is like having a slot machine on your desk that you feed all day long".

Trade well.
  • #4,831
  • Apr 23, 2020 5:16am Apr 23, 2020 5:16am
Quoting RobinHood
{quote} Good job holding on through all of that mess!
That's because I am not watching the H4 Chart Robin; I switched to the D1 after entering and I'm only looking at the D1. Makes a world of a difference

Cheers.
  • #4,832
  • Apr 23, 2020 5:31am Apr 23, 2020 5:31am
Quoting krismitt
{quote} That's because I am not watching the H4 Chart Robin; I switched to the D1 after entering and I'm only looking at the D1. Makes a world of a difference Cheers.
That's what I've been trying to tell people. Plus, it's no stress, and no losing sleep!
Always a Student, Never a Master - Emulate What Works
  • #4,833
  • Apr 23, 2020 5:33am Apr 23, 2020 5:33am
Quoting moRTaL
{quote} 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...
Thank you, mortal for your input.Could you have maybe sample illustration of the same?
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #4,834
  • Apr 23, 2020 5:35am Apr 23, 2020 5:35am
Quoting krismitt
Some thoughts... I have been trading this method since the start of the thread. Funny coincidence is that when this thread started, the markets were trending like crazy and we were having some fantastic success. Then the inevitable happened. The market began to chop and many of us lost pretty much what we had made. But hey, this is one of the best trading methodologies I have seen in FF over the years so I like it very much. I haven't been trading the method much since I got chopped-up but I kept thinking about the million dollar question....how...
And for emphasis I quote ""Day trading is like having a slot machine on your desk that you feed all day long".

Day trading for me (when I do it) is like a professional poker player passing by a slot machine and throwing a few coins in it just for fun.
Always a Student, Never a Master - Emulate What Works
  • #4,835
  • Apr 23, 2020 5:38am Apr 23, 2020 5:38am
Current Trade I entered just before.
Will watch closely and close half at TP level then extend the TP further.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 115 KB
  • #4,836
  • Edited 6:05am Apr 23, 2020 5:53am | Edited 6:05am
Quoting krismitt
Trending Pairs For example, at the close of the last NY Session I looked at the Dashboard to determine what pairs were trending, hence where to look for trades. Now everybody's criteria will be diffident; to each his own. For me, I will only trade an H4 Signal if the D1 Chart is also trending in the same direction. I use the M15 to look for Pullbacks. So look at the pairs that I have marked...it means for the day I will only be looking for trades in these pairs. Nice one-stop shop. No need to flick through 28 Pairs!!. {image} Note that in all the...
Can you please explain the dashboard? What does it show? Whats the feed? Thank you
  • #4,837
  • Apr 23, 2020 6:10am Apr 23, 2020 6:10am
Quoting exking
{quote} I have no idea about this dashboard. can you please explain it? Thank you
Its an EA that goes in the experts folder. Stick it on a blank chart and if nothing comes up then you need to click hide all pairs in your market watch screen.
Attached Image
Attached File(s)
File Type: ex4 smTMMS-RobinHood DB_v2.2.ex4   102 KB | 293 downloads
  • #4,838
  • Apr 23, 2020 6:22am Apr 23, 2020 6:22am
Another position opened. SL BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 85 KB
  • #4,839
  • Apr 23, 2020 6:31am Apr 23, 2020 6:31am
*
Always a Student, Never a Master - Emulate What Works
  • #4,840
  • Apr 23, 2020 6:38am Apr 23, 2020 6:38am
Quoting Noors
Current Trade I entered just before. Will watch closely and close half at TP level then extend the TP further. {image}
Closed half position, extended TP. Letting the other half run or hit my SL.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 91 KB

Edit: Closed full position on UJ. 400% extention reached on the 1HR. Still have the GZ trade running.
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