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

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Trading Made Simple(r)

  • #5,241
  • May 7, 2020 9:17am May 7, 2020 9:17am
Quoting dbsys
{quote} What about other trades?
I placed the charts, you can follow on your charts, doing quite well at this stage
Trade Without Fear
  • #5,242
  • May 7, 2020 9:29am May 7, 2020 9:29am
Quoting Rubernet
{quote} I placed the charts, you can follow on your charts, doing quite well at this stage
Of course I can follow and I did that, but I don't know how you manage your trades...
  • #5,243
  • May 7, 2020 9:37am May 7, 2020 9:37am
Quoting dbsys
{quote} Of course I can follow and I did that, but I don't know how you manage your trades...
I closed GU as I mentioned on posting, entered to early, also closed GJ at BE. EJ and UJ struggling a bit and the rest of the trades are all in profit.
Trade Without Fear
  • #5,244
  • May 7, 2020 10:05am May 7, 2020 10:05am
I have been using the system for a few months now, and it is a system that works and I have doubled my real account. However, I do not understand your continuous desire to enter all trades. Take 3/4 values and check those if it deserves to enter or remain outside. it is not mandatory to always have to trade. the important thing is that when I'm inside the market go where I want!
every penny not lost is earned!
  • #5,245
  • May 7, 2020 10:18am May 7, 2020 10:18am
Quoting geo1683
I have been using the system for a few months now, and it is a system that works and I have doubled my real account. However, I do not understand your continuous desire to enter all trades. Take 3/4 values and check those if it deserves to enter or remain outside. it is not mandatory to always have to trade. the important thing is that when I'm inside the market go where I want! every penny not lost is earned!
Every one to his own, that is the way I trade, no one can predict the market, anything can happen. I trade setups that suites me, I cut losers and add to winners, Trading in the zone, Mark Douglas, a book that inspired my trading style.
Trade Without Fear
  • #5,246
  • May 7, 2020 10:25am May 7, 2020 10:25am
Quoting Rubernet
{quote} I closed GU as I mentioned on posting, entered to early, also closed GJ at BE. EJ and UJ struggling a bit and the rest of the trades are all in profit.
You trade live account or demo trading?
  • #5,247
  • May 7, 2020 11:05am May 7, 2020 11:05am
Quoting dbsys
{quote} You trade live account or demo trading?
Okay lets not get personal, I posted to help some, let focus on the trading.
Trade Without Fear
  • #5,248
  • May 7, 2020 11:14am May 7, 2020 11:14am
Quoting Rubernet
{quote} Okay lets not get personal, I posted to help some, let focus on the trading.
It's nothing personal, I ask this because it's two different things to trade live and demo. I know that from my personal experience.
  • #5,249
  • May 7, 2020 12:04pm May 7, 2020 12:04pm
Quoting dbsys
{quote} It's nothing personal, I ask this because it's two different things to trade live and demo. I know that from my personal experience.
Trading is trading and time in the saddle gives you the edge. If you do not have confidence in your strategy you will struggle and the most important thing to understand is that anything can happen, so expect losses but be able to manage them accordingly, you probably notice that most of my 1st trades are micro lots and as the trade progresses favorably I will add more lots and most important is to know when to exit a trade. All the tools on RH's system are there to enter and exit trades. So like I said before, I trade this strategy according to the guidelines issued by RH and looking at the results it is a profitable system. Best of luck with your trading journey.
Trade Without Fear
  • #5,250
  • May 7, 2020 12:11pm May 7, 2020 12:11pm
Quoting RobinHood
{quote} I shorted it @ 132.56. If it goes, it goes. If not I'll just take a small loss without a worry.
RH are you still in this trade?
  • #5,251
  • May 7, 2020 12:17pm May 7, 2020 12:17pm
Quoting Rubernet
{quote} Trading is trading and time in the saddle gives you the edge. If you do not have confidence in your strategy you will struggle and the most important thing to understand is that anything can happen, so expect losses but be able to manage them accordingly, you probably notice that most of my 1st trades are micro lots and as the trade progresses favorably I will add more lots and most important is to know when to exit a trade. All the tools on RH's system are there to enter and exit trades. So like I said before, I trade this strategy according...
Very good points you mentioned here, I don't have much to add. Exit is by far more important than entry and it's also very hard mentally to cut the loses.
  • #5,252
  • May 7, 2020 12:27pm May 7, 2020 12:27pm
Quoting dbsys
{quote} RH are you still in this trade?
No, I got out when the blue candle on the 4 hr chart closed above the 5 EMA. But, I am looking to get back in it.
Always a Student, Never a Master - Emulate What Works
  • #5,253
  • May 7, 2020 12:30pm May 7, 2020 12:30pm
Quoting dbsys
{quote} Very good points you mentioned here, I don't have much to add. Exit is by far more important than entry and it's also very hard mentally to cut the loses.
Everyone should read this book:

Attached File(s)
File Type: pdf Trade_Like_Jesse_Livermore-EN.pdf   5.1 MB | 1,303 downloads
Always a Student, Never a Master - Emulate What Works
  • #5,254
  • May 7, 2020 1:00pm May 7, 2020 1:00pm
Quoting RobinHood
{quote} No, I got out when the blue candle on the 4 hr chart closed above the 5 EMA. But, I am looking to get back in it.
GBP is struggling to get out of the demand zone, 1st exit from the DZ she hit the previous weekly low 3 times and went back into the DZ, broke the trend line twice, not really following the up movement of the rest of the GBP pairs, going down at the moment, interesting because yen is currently weaker than GBP. I am going to wait till she breaks and closes above the previous weekly low, if not it is a long way down to the next demand zone. My take but anything can happen.
Trade Without Fear
  • #5,255
  • May 7, 2020 3:29pm May 7, 2020 3:29pm
Trades i took last night.
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  • #5,256
  • May 7, 2020 5:44pm May 7, 2020 5:44pm
Quoting Mbt
Got stopped out again before price continued in my way. I think I will stark using wider stops {image}

i also got stopped out but i enter again

i also got a fake signal and get my SL hit on AUD/CHF anyone take that buy trade too?then when i go to sleep after i woke up the HMA line change colour
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  • #5,257
  • May 7, 2020 5:49pm May 7, 2020 5:49pm
My 3 current trades running...
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  • #5,258
  • May 7, 2020 6:04pm May 7, 2020 6:04pm
Testing system

Three closed and many sill in open . all open trades in profit
USY JPY was closed as small loss
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  • #5,259
  • May 7, 2020 9:17pm May 7, 2020 9:17pm
my trading this week with the TMMS all thanks to RH who invented this awesome strategy i trade the h4
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  • #5,260
  • May 7, 2020 9:34pm May 7, 2020 9:34pm
Quoting warsito123
my trading this week with the TMMS all thanks to RH who invented this awesome strategy i trade the h4 {image}
Awesome trading
Trade Without Fear
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