Trading Made Simple(r) | Page 247 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,867 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #4,921
  • Apr 28, 2020 12:32am Apr 28, 2020 12:32am
Quoting warsito123
real live account using this strategy {image} {image}
Hi Warsito

Great Result. Keep it up .

Please posting charts and your rules like entry and exit criteria, initial TP and SL and BEP.

Please can you tell us about , floating loss or Max floating Draw down in this period

Thanks

Mk
  • #4,922
  • Apr 28, 2020 4:04am Apr 28, 2020 4:04am
Quoting RobinHood
I would like to introduce a concept that I have not talked about in this thread before. It's about Momentum. Some people believe that price is the only leading indicator. In my opinion, Momentum is the only true leading indicator that you can add to a chart. Now, I am sure that lots of traders will disagree with me. They are entitled to their opinions just like I am entitled to mine. Virtually all of the chart indicators that we use in Forex trading are based solely off of price. And, for that matter, only after the fact. They can only indicate...
Interesting thoughts RH. I came to this conclusion rather early in my 1st trading weeks and made stochastic my best mate....only to be utterly wrecked soon after. I was a newbie (still consider myself one with just 1 yr FX experience) and did not fully understand the strengths and weakness of many indicators (especially my then favorite toy- stochastic). Like you I noticed the other indicators were based of past price data so I ended up looking elsewhere to find an answer. My most recent research has been on PA... most traders are familiar with the FX catch phrase PA IS KING. While generally PA offers some insight into what price might do in the future, some aspects of it are open to/invite individual bias.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #4,923
  • Apr 28, 2020 4:24am Apr 28, 2020 4:24am
Hi everyone,

I recently joined this thread,
I bought AUDJPY with below features as a continuation trade. is it right? any comment or Advise?

This is what I did:
1. check H4, go to daily with the table dashboard and get the confirmation.
2. go to lower TFs to enter with the market.

should I do something else?
Now it is -81 pip

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY.jpg Size: 224 KB


Thank you so much.
  • #4,924
  • Apr 28, 2020 4:37am Apr 28, 2020 4:37am
Can someone direct me to the posts explaining how to use smTMMS v4 and what it all means? Would like to read up on it. Thanks.
  • #4,925
  • Apr 28, 2020 4:39am Apr 28, 2020 4:39am
Quoting Noors
Can someone direct me to the posts explaining how to use smTMMS v4 and what it all means? Would like to read up on it. Thanks.
How about Swingmans Thread?

https://www.forexfactory.com/showthread.php?t=928698
  • #4,926
  • Apr 28, 2020 5:00am Apr 28, 2020 5:00am
Quoting 40PipsAlan
{quote} How about Swingmans Thread? https://www.forexfactory.com/showthread.php?t=928698
Cheers
  • #4,927
  • Apr 28, 2020 5:06am Apr 28, 2020 5:06am
Quoting Sanhngo
{quote} Hi RH thank you for your sharing, could you help to provide template which you mention in your write. i tried to find this indicator but it's not same that you mention. thank
You don't need that indicator.

What I was trying to point out is that the smTMMS_v4.0 + the Yellow Stochastic Momentum indicator used together will tell you the virtually the same thing as that Momentum indicator I showed in the lowest window.

Look at the purple lines on the chart below. The Yellow line crossing the DimGray line shows when the momentum is changing. That's all you need, and not the other indicator because they both show basically the same thing.

Attached Image (click to enlarge)
Click to Enlarge Name: Purple Lines.PNG Size: 89 KB
Always a Student, Never a Master - Emulate What Works
  • #4,928
  • Apr 28, 2020 5:13am Apr 28, 2020 5:13am
Quoting nanacarter
{quote} Please do you have the MT5 version of the Stochastic Momentum Indicator? And how do you use it on the MT5 since there's no MT5 version of SmTMMS Oscillator? Thanks
For some strange reason, the MT5 version of the Stochastic Momentum Indicator "floats" around all over the chart making it useless to use it the way I've shown on the MT4 charts. The MT4 version does not do that.

Attached File(s)
File Type: mq5 Stochastic Momentum Index.mq5   10 KB | 289 downloads
.
Always a Student, Never a Master - Emulate What Works
  • #4,929
  • Apr 28, 2020 5:20am Apr 28, 2020 5:20am
Quoting warsito123
real live account using this strategy {image} {image}
This is FANTASTIC! I am glad to see how well you are doing.

Please share with us exactly what you are doing.
Always a Student, Never a Master - Emulate What Works
  • #4,930
  • Edited 5:47am Apr 28, 2020 5:32am | Edited 5:47am
Quoting RobinHood
{quote} For some strange reason, the MT5 version of the Stochastic Momentum Indicator "floats" around all over the chart making it useless to use it the way I've shown on the MT4 charts. The MT4 version does not do that. {file}.
Currently I have both the floating macd and stochastic ones and am still in 2 minds as to which one is better. The MACD, despite the floating, helps me clearly see overbought/oversold conditions as it extends upwards and downwards more and thus distinguish between weak and stronger setups. For now I am using both until there is a clear winner.

On my audnzd trade the stohcastic is telling me to exit soon whereas the macd is indicating there is further to go:
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.png Size: 34 KB
  • #4,931
  • Apr 28, 2020 6:16am Apr 28, 2020 6:16am
Quoting RobinHood
{quote} For some strange reason, the MT5 version of the Stochastic Momentum Indicator "floats" around all over the chart making it useless to use it the way I've shown on the MT4 charts. The MT4 version does not do that. {file}.
Thanks
  • #4,932
  • Apr 28, 2020 6:16am Apr 28, 2020 6:16am
Quoting tonberry
{quote} Currently I have both the floating macd and stochastic ones and am still in 2 minds as to which one is better. The MACD, despite the floating, helps me clearly see overbought/oversold conditions as it extends upwards and downwards more and thus distinguish between weak and stronger setups. For now I am using both until there is a clear winner. On my audnzd trade the stohcastic is telling me to exit soon whereas the macd is indicating there is further to go: {image}
Are you using MT5?
  • #4,933
  • Apr 28, 2020 6:38am Apr 28, 2020 6:38am
Quoting nanacarter
{quote} Are you using MT5?
MT4
  • #4,934
  • Apr 28, 2020 6:44am Apr 28, 2020 6:44am
Hi Robin Hood,

Can i know the SmtMMS oscillator is it repaint?

Can i also know what does the colour mean?

Yellow green dots. White and red green.

combination . because some is white green gots / green yello dots

Thank you Boss.
Attached Image (click to enlarge)
Click to Enlarge Name: smm.jpg Size: 87 KB
  • #4,935
  • Apr 28, 2020 6:52am Apr 28, 2020 6:52am
Quoting SuperDaddyFx
Hi Robin Hood, Can i know the SmtMMS oscillator is it repaint? Can i also know what does the colour mean? Yellow green dots. White and red green. combination . because some is white green gots / green yello dots Thank you Boss. {image}
You need to read the thread to understand all of this. It's too much for me to explain this in detail every time someone asks again. I hope you understand.

Otherwise, green means UP, red and yellow mean DOWN and white means NOTHING (to me). And no, it doesn't repaint.
Always a Student, Never a Master - Emulate What Works
  • #4,936
  • Apr 28, 2020 7:45am Apr 28, 2020 7:45am
Quoting ardalan91
Hi everyone, I recently joined this thread, I bought AUDJPY with below features as a continuation trade. is it right? any comment or Advise? This is what I did: 1. check H4, go to daily with the table dashboard and get the confirmation. 2. go to lower TFs to enter with the market. should I do something else? Now it is -81 pip {image} Thank you so much.
Hi RobinHood

Could you tell me, am I doing this true?

I think I should have checked both lower and upper time frames with the smTmm_Rabinhood dashboard, then i could get better momentum. is it right?

Thanks
  • #4,937
  • Apr 28, 2020 8:07am Apr 28, 2020 8:07am
Maybe some room to push down further lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 49 KB
  • #4,938
  • Edited 8:39am Apr 28, 2020 8:10am | Edited 8:39am
Quoting Noors
Maybe some room to push down further lets see. {image}
I'm in EUR/AUD too. The trend seems exhausted but signal is right.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 46 KB
Click to Enlarge Name: EURAUDM15.png Size: 47 KB
  • #4,939
  • Apr 28, 2020 8:12am Apr 28, 2020 8:12am
Also this
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 48 KB
  • #4,940
  • Apr 28, 2020 8:34am Apr 28, 2020 8:34am
Quoting 40PipsAlan
{quote} 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. {image} {file}
Hi PipAlan


It is agreat tool , please can some one add the Pop Alert when Box ( signal color Change to Aqua or Gold .

Thanks
MK
10 traders viewing now, 1 is registered: