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Trading Made Simple(r)

  • #4,941
  • Apr 28, 2020 8:43am Apr 28, 2020 8:43am
Take a look at the USDSGD. It trends pretty nicely pretty often.

Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD Daily Chart 1.PNG Size: 82 KB
Always a Student, Never a Master - Emulate What Works
  • #4,942
  • Apr 28, 2020 9:14am Apr 28, 2020 9:14am
Quoting exking
Also this {image}
Hi Guys,
Just cruising around the good posts and see some comments about where the markets will go.

From my experience can I share some thoughts.

Your indicators tell you certain information, in relation to the Stocs. settings on your charts coupled with different time frames it may be necessary to readjust one or both settings.

It has been my experience that the best place to buy is when the indicators are in the OVERSOLD region, and the best place to sell is in the OVERBOUGHT region.

In longer time frames I reduce my settings and in very short time frames I increase my settings of the indicators. If you don't understand how the indicator works be very careful when making changes to the settings, you could end up screwing the indicator to be completely useless.

Settings of Indicators can be a very personal thing and whether you fully understand how the indicator works (Mathematically) then using values as supplied by your service broker, in my opinion may lead to questionable trading decisions.

I checked your charts on my system and looking to go short from an oversold level, in several time frames indicated there was not much room to go down further.

As comments were sought i hope this may help.

kind regards



ps And RH's chart above just proves the points raised here, study his settings and time frame.
  • #4,943
  • Apr 28, 2020 10:06am Apr 28, 2020 10:06am
GU trade. Entry at red vertical line,thoughts?
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Click to Enlarge Name: Screenshot (35).png Size: 77 KB
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #4,944
  • Apr 28, 2020 10:17am Apr 28, 2020 10:17am
Quoting Nonip
GU trade. Entry at red vertical line,thoughts? {image}
I would be careful. The 4 hr. chart has been in an uptrend since April 22nd and on the 1 hr. chart price is basically sitting on support.
Always a Student, Never a Master - Emulate What Works
  • #4,945
  • Apr 28, 2020 10:21am Apr 28, 2020 10:21am
Quoting Nonip
GU trade. Entry at red vertical line,thoughts? {image}
As it just reversed off yesterday low 15 minutes ago it may well show a small reversal for a few pips to the long side ---just a thought
  • #4,946
  • Edited 11:02am Apr 28, 2020 10:35am | Edited 11:02am
Quoting btrfx1
{quote} Hi Guys, Just cruising around the good posts and see some comments about where the markets will go. From my experience can I share some thoughts. Your indicators tell you certain information, in relation to the Stocs. settings on your charts coupled with different time frames it may be necessary to readjust one or both settings. It has been my experience that the best place to buy is when the indicators are in the OVERSOLD region, and the best place to sell is in the OVERBOUGHT region. In longer time frames I reduce my settings and in very...
Hi and thanks for your comment, however I don't understand why you quoted my post specially the one that went for 50 pips already with zero drawdown and indicators were not in oversold region. I use RobinHood setting on different timeframes and it works for me. But if you have some practical suggestions for indicators settings when used on lower timeframes, I would be happy to try it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 45 KB
  • #4,947
  • Apr 28, 2020 10:38am Apr 28, 2020 10:38am
I just shorted the USDSGD. Let's see how it plays out.

Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD 15 Min.PNG Size: 94 KB
Always a Student, Never a Master - Emulate What Works
  • #4,948
  • Apr 28, 2020 10:40am Apr 28, 2020 10:40am
Closed half position +40pips, extended TP.
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Click to Enlarge Name: EURAUDH1.png Size: 41 KB
  • #4,949
  • Apr 28, 2020 10:41am Apr 28, 2020 10:41am
Quoting RobinHood
I just shorted the USDSGD. Let's see how it plays out. {image}
Hey Rh,

Did you take that short based just off of the dimegrey crossing yellow?
  • #4,950
  • Apr 28, 2020 10:47am Apr 28, 2020 10:47am
Quoting Noors
{quote} Hey Rh, Did you take that short based just off of the dimegrey crossing yellow?
The short answer is yes, but...also because:

The candles were red/red
The HMA turned deep pink
The HMA was crossing below the Yellow 5 Ema
The dots were red/orange
The bars on the smTMMS turned from green to white
And because the Daily chart is signaling a short trade and I needed a reason to get in on that.
Always a Student, Never a Master - Emulate What Works
  • #4,951
  • Apr 28, 2020 11:16am Apr 28, 2020 11:16am
Quoting RobinHood
{quote} I would be careful. The 4 hr. chart has been in an uptrend since April 22nd and on the 1 hr. chart price is basically sitting on support.

Thanks RH and btrfx1 for sharing your thoughts, price keeps bouncing around that spot - going nowhere. Appears you guys were right, will exit and wait to see which direction it will break (UP or DOWN) then re-enter.

EDITED. I keep hanging around good traders like you guys and I will learn a lot.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #4,952
  • Apr 28, 2020 12:11pm Apr 28, 2020 12:11pm
Quoting RobinHood
{quote} The short answer is yes, but...also because: The candles were red/red The HMA turned deep pink The HMA was crossing below the Yellow 5 Ema The dots were red/orange The bars on the smTMMS turned from green to white And because the Daily chart is signaling a short trade and I needed a reason to get in on that.
Cheers Rh, thanks for clarifying GL
  • #4,953
  • Apr 28, 2020 12:23pm Apr 28, 2020 12:23pm
another entry long AJ
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 76 KB
  • #4,954
  • Apr 28, 2020 1:10pm Apr 28, 2020 1:10pm
Hmmm am I missing something here I downloaded the smTMMS v4 the only thing I'm missing is the sqaure in the dots...
  • #4,955
  • Apr 28, 2020 1:19pm Apr 28, 2020 1:19pm
Short GZ. Looks good.
Attached Image (click to enlarge)
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  • #4,956
  • Apr 28, 2020 1:51pm Apr 28, 2020 1:51pm
Quoting Noors
Hmmm am I missing something here I downloaded the smTMMS v4 the only thing I'm missing is the sqaure in the dots...
You don't really need it, but here it is:

Attached File(s)
File Type: ex4 HMA Trend.ex4   636 KB | 663 downloads


Be sure that the Hull_Divisor in your smTMMS_v4.0 is set to 3.0.

Here's my current Template:

Attached File(s)
File Type: tpl # 4c.tpl   7 KB | 363 downloads
Always a Student, Never a Master - Emulate What Works
  • #4,957
  • Apr 28, 2020 2:19pm Apr 28, 2020 2:19pm
Quoting RobinHood
{quote} You don't really need it, but here it is: {file} Be sure that the Hull_Divisor in your smTMMS_v4.0 is set to 3.0. Here's my current Template: {file}
Legends, thanks RH.
I'm still using the classic template to trade but I'm exploring with the new template.
  • #4,958
  • Apr 28, 2020 4:08pm Apr 28, 2020 4:08pm
This are the trades I've been on this week. Still on demo tbt
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  • #4,959
  • Apr 28, 2020 4:11pm Apr 28, 2020 4:11pm
Quoting celord
This are the trades I've been on this week. Still on demo tbt {image} {image} {image}
Demo is okay, you have to learn before you earn! Good job!
Always a Student, Never a Master - Emulate What Works
  • #4,960
  • Apr 28, 2020 4:38pm Apr 28, 2020 4:38pm
Quoting celord
This are the trades I've been on this week. Still on demo tbt {image} {image} {image}
Hey celord nice work

Is those lines on your chart a indicator ? Or do U draw them manually ? I've been looking for something like this for a while now.

If U could share the name that would be great.
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