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Trading Made Simple 151,865 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

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Trading Made Simple(r)

  • #5,221
  • May 6, 2020 9:27pm May 6, 2020 9:27pm
Quoting krislb
Hey all Been using this system for a few weeks and had decent results so far, but just wondering do you guys just use these indicators alone, or will you also look at the market news as well e.g Euro Economic Forcast etc. ? Like does the market news make a big difference when using this strategy? Thank you!
Hi Krislb


your results are really good. What time frame chart you are considering for trade decision/ Trigger.

In my opinion if you trade at higher time frame like daily or 4 hr than news does not matter. But generally if you trade at lower time frame like 15 min or 30 min some time people will not take trades if any red news is coming in next 1 hour.

Every one has own rules...

Have many green pips.

MK
  • #5,222
  • May 6, 2020 10:13pm May 6, 2020 10:13pm
Quoting Rubernet
{image}{image}
Hi Rubernet. Could you provide indicator in your lowest window ?
Thank
  • #5,223
  • May 7, 2020 12:30am May 7, 2020 12:30am
Guys I have 3 brokers and each starts day in different hour,so 4H candles will start end end in different hour.The differences are not big,but they are.The questions is how to deal with it?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,224
  • May 7, 2020 2:15am May 7, 2020 2:15am
Quoting Sanhngo
{quote} Hi Rubernet. Could you provide indicator in your lowest window ? Thank
Here it is: https://www.forexfactory.com/showthr...9#post12908169
"Successful investing takes time, discipline and patience."-Warren Buffet
  • #5,225
  • May 7, 2020 2:31am May 7, 2020 2:31am
Quoting Simply-Me
Guys I have 3 brokers and each starts day in different hour,so 4H candles will start end end in different hour.The differences are not big,but they are.The questions is how to deal with it?
Choose another broker with normal open hours, normally new starts after NY close.
  • #5,226
  • May 7, 2020 2:33am May 7, 2020 2:33am
Quoting Simply-Me
Guys I have 3 brokers and each starts day in different hour,so 4H candles will start end end in different hour.The differences are not big,but they are.The questions is how to deal with it?
Fire 2 Brokers?
  • #5,227
  • May 7, 2020 2:33am May 7, 2020 2:33am
Still holding this GBPJPY trade... Daily chart looks good, so I'm planing to add more if H4 will show a setup...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-global-prime-pty.png Size: 94 KB
  • #5,228
  • May 7, 2020 2:42am May 7, 2020 2:42am
Also holding GBPAUD...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud-h4-global-prime-pty.png Size: 92 KB
  • #5,229
  • May 7, 2020 3:28am May 7, 2020 3:28am
Is this valid entry for continuation?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 54 KB
  • #5,230
  • May 7, 2020 4:04am May 7, 2020 4:04am
Got stopped out again before price continued in my way. I think I will stark using wider stops
Attached Image (click to enlarge)
Click to Enlarge Name: Euraud.PNG Size: 106 KB
  • #5,231
  • May 7, 2020 4:27am May 7, 2020 4:27am
Quoting amirrh7
Is this valid entry for continuation? {image}
I'm in this trade, entered about half an hour ago on the close on the H4 bar at 5202
  • #5,232
  • May 7, 2020 4:48am May 7, 2020 4:48am
[quote = Noors; 12904732] {quote} Lo siento, acabo de ver esto. {archivo} [/ quote]
Thanks a lot Noors !!
  • #5,233
  • May 7, 2020 5:38am May 7, 2020 5:38am
Quoting mkfx
{quote} Hi Krislb your results are really good. What time frame chart you are considering for trade decision/ Trigger. In my opinion if you trade at higher time frame like daily or 4 hr than news does not matter. But generally if you trade at lower time frame like 15 min or 30 min some time people will not take trades if any red news is coming in next 1 hour. Every one has own rules... Have many green pips. MK
Thank you!

I trade on the 4hr chart but will check D1 for confirmation on the trend, that's been my problem sometimes though I will also check the lower times and sometimes stop a trade early due to some news that had a slight impact. So now I think I'll have more confidence in the higher timeframes/trend and let it run.

Cheers
Low Spreads/Commission.. https://go.vantagefx.com/visit/?bta=40917&brand=v
  • #5,234
  • May 7, 2020 5:58am May 7, 2020 5:58am
My new trades for today, got in a bit early on GU, there are also some continuation trades, lets see how they play out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHFH4.png Size: 41 KB
Click to Enlarge Name: AUDJPYH4.png Size: 41 KB
Click to Enlarge Name: AUDNZDH4.png Size: 43 KB
Click to Enlarge Name: AUDUSDH4.png Size: 40 KB
Click to Enlarge Name: CADJPYH4.png Size: 39 KB
Click to Enlarge Name: EURAUDH4.png Size: 43 KB
Click to Enlarge Name: EURCADH4.png Size: 43 KB
Click to Enlarge Name: EURJPYH4.png Size: 40 KB
Click to Enlarge Name: GBPJPYH4.png Size: 39 KB
Click to Enlarge Name: GBPNZDH4.png Size: 46 KB
Trade Without Fear
  • #5,235
  • May 7, 2020 6:00am May 7, 2020 6:00am
And the rest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Click to Enlarge Name: NZDJPYH4.png Size: 41 KB
Click to Enlarge Name: NZDUSDH4.png Size: 40 KB
Click to Enlarge Name: USDCADH4.png Size: 43 KB
Click to Enlarge Name: USDJPYH4.png Size: 40 KB
Trade Without Fear
  • #5,236
  • Edited 6:44am May 7, 2020 6:30am | Edited 6:44am
I have 3 trades running now all 10+ in profit, my concern is the NY session reversing. What are your thoughts?

a) Check at NY open and see
b) Set and forget
c) Get out while the goin's good
d) other
  • #5,237
  • May 7, 2020 6:35am May 7, 2020 6:35am
Quoting Rubernet
And the rest {image} {image} {image} {image} {image}
I'm not an expert in this RH methods, but it looks to me that you are forcing your trades, a lot of entries looks too early, also a lot of them are made against Daily tf... Maybe I missed something... Can you please explain why you entered USDCAD short? It's just for example, because a lot of trades are like this one. Thank you.
  • #5,238
  • May 7, 2020 7:13am May 7, 2020 7:13am
Quoting dbsys
{quote} I'm not an expert in this RH methods, but it looks to me that you are forcing your trades, a lot of entries looks too early, also a lot of them are made against Daily tf... Maybe I missed something... Can you please explain why you entered USDCAD short? It's just for example, because a lot of trades are like this one. Thank you.
All the answers you seek are in the thread, also remember what you see happening on the 4 H will eventually translate on the daily. Rather check back to the 1 hr. It all starts on the 1 min after all does it not. I will attach a chart with some ticks to show you why I entered but remember anything can happen. Some are winners and some are losers. So far UC has favored my entry, let us now sit back and watch if I made the correct trade decision.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 43 KB
Trade Without Fear
  • #5,239
  • May 7, 2020 10:36am May 7, 2020 10:36am
USD/CAD update

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 45 KB
Trade Without Fear
  • #5,240
  • May 7, 2020 11:15am May 7, 2020 11:15am
Quoting Rubernet
USD/CAD update {image}
What about other trades?
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