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Trading Made Simple(r)

  • #5,121
  • May 3, 2020 11:23am May 3, 2020 11:23am
Quoting RobinHood
I don't think that most visitors to this thread have taken the time to try to REALLY, REALLY, REALLY UNDERSTAND the power of the indicators that I have presented and their synergy. If you will take the time to really study this template, you will find that it can tell you about 15-20 different pieces of information that I can easily think of. For example, take time to study the vertical dotted lines that I have placed on the chart below. Start connecting the different information you see from the indicators together and you'll soon see a vivid picture...
Thank you for your help.
Can you tell me what you think about the bearish continuation setup, which is between 6. and 7. on the picture you posted. This is a setup that I took last week, but it hit my stop loss even though price went down later on. Is it possible to avoid setups like this?
  • #5,122
  • May 3, 2020 11:27am May 3, 2020 11:27am
Quoting RobinHood
{quote} Those are all good observations. Now focus on what the white bars in the lower window might be telling you.
White bars indicates that Stocs or Rsi went above/below 50% middle line. That means possible market rest or correction is coming.
  • #5,123
  • Edited 11:49am May 3, 2020 11:35am | Edited 11:49am
Quoting Mbt
{quote} Thank you for your help. Can you tell me what you think about the bearish continuation setup, which is between 6. and 7. on the picture you posted. This is a setup that I took last week, but it hit my stop loss even though price went down later on. Is it possible to avoid setups like this?
I can see where it would have hit your stop loss, these things happen when you are using a relatively tight stop loss like I suggest. The trade-off is that you never have a big loss using a tight stop. There is NO PERFECT spot to place every stop, you just have to accept that and control what you can the best that you can.

1. Yes, but only sometimes. In this instance, the purple line is clearly below the yellow line in the lower window, and the yellow line stays pointing down.

2. The HMA line on the chart stays below the yellow 5 ema line, AND it goes from red to green which indicates that what is coming may be a Continuation trade, which in fact it was.

NOTE: To be honest, the reason I don't post ALL of my trades is because I take plenty of small losing trades, and I don't mind a bit. Being wrong on your entry is OKAY! Having large losing trades IS NOT! You MUST learn to lose small.
Always a Student, Never a Master - Emulate What Works
  • #5,124
  • May 3, 2020 11:38am May 3, 2020 11:38am
Quoting dbsys
{quote} White bars indicates that Stocs or Rsi went above/below 50% middle line. That means possible market rest or correction is coming.
Correct. I often use those white bars to get into a trade (if several other of the indicators support the idea).
Always a Student, Never a Master - Emulate What Works
  • #5,125
  • May 3, 2020 12:02pm May 3, 2020 12:02pm
Hi all, many thanks for the thread RH am keenly reading through it. Could someone give some pointers as to how to correct these indi's I've loaded template 1 from the OP and then the indi's in the OP but they've loaded separately rather than all on one indi. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: RH.png Size: 99 KB
  • #5,126
  • May 3, 2020 12:24pm May 3, 2020 12:24pm
Quoting james.trades
Hi all, many thanks for the thread RH am keenly reading through it. Could someone give some pointers as to how to correct these indi's I've loaded template 1 from the OP and then the indi's in the OP but they've loaded separately rather than all on one indi. Cheers {image}
hi,
just right remove the rsi from your indicator list (ctrl-I) and then exit, after that open your navigator (ctrl-n) and drag rsi into the window where the stochastic reside. solved
  • #5,127
  • May 3, 2020 12:24pm May 3, 2020 12:24pm
Quoting james.trades
Hi all, many thanks for the thread RH am keenly reading through it. Could someone give some pointers as to how to correct these indi's I've loaded template 1 from the OP and then the indi's in the OP but they've loaded separately rather than all on one indi. Cheers {image}
That should not have happened. You could delete the template and trying reinstalling it. Try this one, I know it works:

Attached File(s)
File Type: tpl # 1.tpl   7 KB | 404 downloads


If it doesn't work, then it has to be a problem on your end.

Otherwise, you could drag the indicators individually one by one from the Navigator to on top of each other into the same window.
Always a Student, Never a Master - Emulate What Works
  • #5,128
  • May 3, 2020 12:39pm May 3, 2020 12:39pm
Quoting RobinHood
{quote} That should not have happened. You could delete the template and trying reinstalling it. Try this one, I know it works: {file} If it doesn't work, then it has to be a problem on your end. Otherwise, you could drag the indicators individually one by one from the Navigator to on top of each other into the same window.
That sorted it, many thanks.
  • #5,129
  • May 3, 2020 12:45pm May 3, 2020 12:45pm
Quoting amirrh7
Hi guys, Is this setup okay to short? or it's late? {image}
It's to late. In my opinion the entry should be at this candle. I think your HMA Indicator has wrong settings.
Attached Image (click to enlarge)
Click to Enlarge Name: lol.PNG Size: 121 KB
  • #5,130
  • Edited 5:03pm May 3, 2020 12:48pm | Edited 5:03pm
Quoting RobinHood
I don't think that most visitors to this thread have taken the time to try to REALLY, REALLY, REALLY UNDERSTAND the power of the indicators that I have presented and their synergy. If you will take the time to really study this template, you will find that it can tell you about 15-20 different pieces of information that I can easily think of. For example, take time to study the vertical dotted lines that I have placed on the chart below. Start connecting the different information you see from the indicators together and you'll soon see a vivid picture...
Thank you very much for this RobinHood, it made me think about a few thing as I am new to this system and still busy reading through all the posts. With the latest update v7.2 from SwingMan are we suppose to leave the input parameters on default? Studying through your chart I noticed that mine is slightly different.
  • #5,131
  • May 3, 2020 1:00pm May 3, 2020 1:00pm
Quoting RobinHood
{quote} Correct. I often use those white bars to get into a trade (if several other of the indicators support the idea).
I'll try to look for opportunities next week and post here with samples. Looking forward to see how it will go for me...
  • #5,132
  • May 3, 2020 1:26pm May 3, 2020 1:26pm
Quoting jan.forex
{quote} Thanks you very much for this RobinHood, it made me think about a few thing as I am new to this system and still busy reading through all the posts. With the latest update v7.2 from SwingMan are we suppose to leave the input parameters on default? Studying through your chart I noticed that mine is slightly different.
I am still using 7.1 right now. I haven't set up 7.2 yet, but I will.

SwingMan said he tried to mimic my settings in a recent version and I think he did at that point.

It's me that changed a few things after that. I like the arrows in the lower window but I find that when they are showing, I place too much emphasis on them.

Here's my current template:

Attached File(s)
File Type: tpl # 7.1.tpl   10 KB | 768 downloads
Always a Student, Never a Master - Emulate What Works
  • #5,133
  • May 3, 2020 2:07pm May 3, 2020 2:07pm
Quoting RobinHood
{quote} I am still using 7.1 right now. I haven't set up 7.2 yet, but I will. SwingMan said he tried to mimic my settings in a recent version and I think he did at that point. It's me that changed a few things after that. I like the arrows in the lower window but I find that when they are showing, I place too much emphasis on them. Here's my current template: {file}
Your template only shows the main screen layout? Is this correct?
Attached Image (click to enlarge)
Click to Enlarge Name: RH_7.1.png Size: 75 KB
  • #5,134
  • May 3, 2020 2:22pm May 3, 2020 2:22pm
Quoting jan.forex
{quote} Your template only shows the main screen layout? Is this correct? {image}
No, it looks like this:

Attached Image (click to enlarge)
Click to Enlarge Name: EN Hourly.PNG Size: 90 KB
Always a Student, Never a Master - Emulate What Works
  • #5,135
  • May 3, 2020 2:36pm May 3, 2020 2:36pm
Quoting jan.forex
{quote} Your template only shows the main screen layout? Is this correct? {image}
Make Sure you have the right indicator installed in the bottom window as there has been few different versions released. The template will not install indicator if its different version name
Be the change that you want to change
  • #5,136
  • May 3, 2020 4:47pm May 3, 2020 4:47pm
Quoting mubinirl
{quote} Make Sure you have the right indicator installed in the bottom window as there has been few different versions released. The template will not install indicator if its different version name
Thanks mubinirl, I installed v7.1 and working now.
  • #5,137
  • May 3, 2020 9:57pm May 3, 2020 9:57pm
Hi Guys

I am following this system.

I am thinking to create a Skype group. If any one interested to join a Skype Group to discuss about his system and trades based on that, please PM me.

MK
  • #5,138
  • May 3, 2020 11:08pm May 3, 2020 11:08pm
Quoting mkfx
Hi Guys I am following this system. I am thinking to create a Skype group. If any one interested to join a Skype Group to discuss about his system and trades based on that, please PM me. MK
Why not do it here?.

Just asking.

Cheers.
  • #5,139
  • May 3, 2020 11:30pm May 3, 2020 11:30pm
Hi RH. Thanks again for showing us your strategy. Could you tell me if this entry is correct?

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 116 KB
  • #5,140
  • May 4, 2020 2:21am May 4, 2020 2:21am
Quoting fxtrain
Hi RH. Thanks again for showing us your strategy. Could you tell me if this entry is correct? Thanks, {image}
Yes it is.
Always a Student, Never a Master - Emulate What Works
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