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Trading Made Simple(r)

  • #5,441
  • May 15, 2020 8:25am May 15, 2020 8:25am
Quoting MalvernTrust
{quote} I dint not take because of D/H4, I could have flipped to H1 but I didnt , probably next time. Do you think that Indicator (......) is not a value addition ? {image}
Can I get your supply & demand indicator plz
  • #5,442
  • May 15, 2020 8:44am May 15, 2020 8:44am
Hi Swingman. Thanks for the indicators you provided. They are very useful. I was wondering when you have time, could you please add alers(pop up, push notifications to the dots in the oscillators when it changes color?

Thanks
  • #5,443
  • May 15, 2020 10:27am May 15, 2020 10:27am
Hello everyone does are my trade for today and i'm very happy with them i was trying a few different set ups with this strategy and the one's i entered with RH rules where the winner ones. BUT what i struggle with is the exit rules , i try to sit a trailing stop order or to adjust my SL if i'm not going to be monitoring the charts to find l they've been hit but the price kept moving after that in the same direction. Can someone recommend a way to avoid that ?
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  • #5,444
  • May 16, 2020 1:35am May 16, 2020 1:35am
Quoting pipslover27
Hello everyone does are my trade for today and i'm very happy with them i was trying a few different set ups with this strategy and the one's i entered with RH rules where the winner ones. BUT what i struggle with is the exit rules , i try to sit a trailing stop order or to adjust my SL if i'm not going to be monitoring the charts to find l they've been hit but the price kept moving after that in the same direction. Can someone recommend a way to avoid that ? {image} {image} {image} {image} {image} {image} {image} {image}
You did well during the choppy week, I can see you stuck to the system rules and did not fall for the fake breakouts but entered more continuation trades, the new version of the indicator, used correctly can eliminate about 90% of all fake breakouts. Well done.

ps, on a previous post RH recommended to 1st concentrate on continuation trades to learn the system.
Trade Without Fear
  • #5,445
  • May 16, 2020 2:58am May 16, 2020 2:58am
Quoting Rubernet
{quote} You did well during the choppy week, I can see you stuck to the system rules and did not fall for the fake breakouts but entered more continuation trades, the new version of the indicator, used correctly can eliminate about 90% of all fake breakouts. Well done. ps, on a previous post RH recommended to 1st concentrate on continuation trades to learn the system.

hi rubernet can i ask what you mean by used correctly can eliminate about 90% of fake breakout...thank you because i used the new indicator and i think the old one with the RSI would make me not trade the signals on the new indicators because of the RSI not crossing the 50 line thank you...appreciated it for your comments
  • #5,446
  • May 16, 2020 5:19am May 16, 2020 5:19am
Quoting warsito123
{quote} hi rubernet can i ask what you mean by used correctly can eliminate about 90% of fake breakout...thank you because i used the new indicator and i think the old one with the RSI would make me not trade the signals on the new indicators because of the RSI not crossing the 50 line thank you...appreciated it for your comments
Hi Warsito

I would suggest you put both indicators on the chart and compare, Also add the PMO indicator, which RH introduced, and you will see where the PMO did not make a good visible cross there is a fake breakout and only a retrace for continuation, however this only applies to a trending market, if the market is ranging you will get a lot of false signals.

Remember this is a trend based system, trends usually last for +_ 3 x ADR
Hope this helps
Trade safe
Trade Without Fear
  • #5,447
  • May 16, 2020 7:53am May 16, 2020 7:53am
Quoting Rubernet
{quote} You did well during the choppy week, I can see you stuck to the system rules and did not fall for the fake breakouts but entered more continuation trades, the new version of the indicator, used correctly can eliminate about 90% of all fake breakouts. Well done. ps, on a previous post RH recommended to 1st concentrate on continuation trades to learn the system.

Hello Rubernet thank you for your reply i'm very new to trading i'm trying to stick to the rules and build discipline because that's what i lack more than knowledge.
About the new version of the indicator ca you point to where i can find it ? Thank you.
  • #5,448
  • May 16, 2020 10:55pm May 16, 2020 10:55pm
Quoting Rubernet
{quote} Hi Warsito I would suggest you put both indicators on the chart and compare, Also add the PMO indicator, which RH introduced, and you will see where the PMO did not make a good visible cross there is a fake breakout and only a retrace for continuation, however this only applies to a trending market, if the market is ranging you will get a lot of false signals. Remember this is a trend based system, trends usually last for +_ 3 x ADR Hope this helps Trade safe
allright i download the PMO indicator and uses it now and will try to use it to trade next week to weeded out the bad trades hope next week is a trending market and we can make lots of profit
  • #5,449
  • May 17, 2020 5:12am May 17, 2020 5:12am
Quoting warsito123
{quote} allright i download the PMO indicator and uses it now and will try to use it to trade next week to weeded out the bad trades hope next week is a trending market and we can make lots of profit
Can u show me where link to download the PMO indicator? plz..
  • #5,450
  • May 17, 2020 6:32am May 17, 2020 6:32am
Hi Guys,

Its been great to catchup with the thread and seeing all the new info... Had a great Oct 2019 decided to sign off for holidays the start of November 2019. Had intended to start trading in Feb-March but due to market conditions I decided to focus on my core business and getting my PPL done.
Decided to re-enter the trading world this week Wednesday, RH method true to where we left off previously picked up on my customary 10% Profit of Equity a day (My Target is between 5% - 10% a day, dependent on 2 - 4 really good setups).
Friday evening I could have let GBPJPY run and bank a further 40pips but I had to stay true to my trading rules and close open trades especially as I had already hit my daily target.

Its good to be back trading, I can honestly say I missed it

Just to share my results for the week. As always a BIG thank you to Mr RH, I'm eternally grateful.

Wishing all an abundance of green-pips!
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #5,451
  • May 17, 2020 7:53am May 17, 2020 7:53am
Quoting Marcusv007
Hi Guys, Its been great to catchup with the thread and seeing all the new info... Had a great Oct 2019 decided to sign off for holidays the start of November 2019. Had intended to start trading in Feb-March but due to market conditions I decided to focus on my core business and getting my PPL done. Decided to re-enter the trading world this week Wednesday, RH method true to where we left off previously picked up on my customary 10% Profit of Equity a day (My Target is between 5% - 10% a day, dependent on 2 - 4 really good setups). Friday evening...
I am glad to hear that you are doing well!
Always a Student, Never a Master - Emulate What Works
  • #5,452
  • May 17, 2020 8:14am May 17, 2020 8:14am
Interested to gauge opinion, how much emphasis do you guys place on the daily chart? Obviously I wouldn't enter a trade on the H4 that's directly against it but i noticed a few instances where I've missed some good trades for being too strict on it. What do you guys think?
  • #5,453
  • May 17, 2020 8:52am May 17, 2020 8:52am
Quoting james.trades
Interested to gauge opinion, how much emphasis do you guys place on the daily chart? Obviously I wouldn't enter a trade on the H4 that's directly against it but i noticed a few instances where I've missed some good trades for being too strict on it. What do you guys think?
I think that you are usually "damned if you do" or "damned if you don't". You have to just pick one way and stick with it.

Personally I normally trade with the higher time frame because I find that it's easier for me to "float down river" rather than trying to "swim against the flow".
Always a Student, Never a Master - Emulate What Works
  • #5,454
  • May 17, 2020 11:02am May 17, 2020 11:02am
Quoting james.trades
Interested to gauge opinion, how much emphasis do you guys place on the daily chart? Obviously I wouldn't enter a trade on the H4 that's directly against it but i noticed a few instances where I've missed some good trades for being too strict on it. What do you guys think?
Go with RH's trading style, never ever go against the higher time frame's Trend D1 eventhough H4 sayas perfect sell or buy.

Alternate option (Rubernet style of trading), if you find the right setup on 4H if daily is against, you can try placing orders on H1 time frame with appropriate SL on the H1 candles.

Both are great ideas.
  • #5,455
  • May 17, 2020 11:05am May 17, 2020 11:05am
Quoting Marcusv007
Hi Guys, Its been great to catchup with the thread and seeing all the new info... Had a great Oct 2019 decided to sign off for holidays the start of November 2019. Had intended to start trading in Feb-March but due to market conditions I decided to focus on my core business and getting my PPL done. Decided to re-enter the trading world this week Wednesday, RH method true to where we left off previously picked up on my customary 10% Profit of Equity a day (My Target is between 5% - 10% a day, dependent on 2 - 4 really good setups). Friday evening...
Awesome Marcus, Its a great inspiration for new traders,That would be helpful if you can share how you are picking trades ? are you considering H1/H4 or H4 only or H4/D1.

Thanks,
MT
  • #5,456
  • May 17, 2020 11:14am May 17, 2020 11:14am
Quoting luandt222
{quote} Can I get your supply & demand indicator plz
I am not sure thats a Supply and Demand Indicator. Looks like a ZigZag, please double check.

I would advise just stick with RH's templates, However you can try these below indicators for more confluence pick only one of these three indicators. If you dont see any values better stick with RH's recent template. What I am trying is when H4 and D1 are not aligned I can go with H4 along with the signal provided by these indicators. ( Make sure you are adjusting higher time frame in the indicator properties)

Thanks,
MT
Attached File(s)
File Type: mq4 HiLo_Activator_Profi.mq4   24 KB | 385 downloads
File Type: ex4 SupplyDemand.ex4   13 KB | 387 downloads
File Type: ex4 Buy-Sell_Alerts.ex4   4 KB | 340 downloads
  • #5,457
  • May 17, 2020 11:22am May 17, 2020 11:22am
Possible Setups I am looking for this week beginning

Short AUDUSD (H4/D1)
Short NZDUSD (H4/D1)
Long EURAUD (H4/D1)

All above setups are based on straightforward RH's template, no shortcuts, lets see how these trades go
Attached Image(s) (click to enlarge)
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  • #5,458
  • May 17, 2020 11:35am May 17, 2020 11:35am
Quoting warsito123
{quote} allright i download the PMO indicator and uses it now and will try to use it to trade next week to weeded out the bad trades hope next week is a trending market and we can make lots of profit
Hi Warsito, where can I download the PMO indicator , please share the location, How did you decide your last week's trades , did you exactly follow the rules ? H4 and D1 was aligned on all your trades or just H4?
  • #5,459
  • May 17, 2020 12:10pm May 17, 2020 12:10pm
Quoting MalvernTrust
{quote} Awesome Marcus, Its a great inspiration for new traders,That would be helpful if you can share how you are picking trades ? are you considering H1/H4 or H4 only or H4/D1. Thanks, MT
Hi Malvern

Only H4 and Daily. I wont open a H4 trade that doesnt have confirmed trend with the Daily.... I also pay attention to S&R levels / pivot levels before opening trades and closing of trades... otherwise the rest is truly following our template indicators.
The more you learn, the more you see
  • #5,460
  • May 17, 2020 12:59pm May 17, 2020 12:59pm
Quoting Marcusv007
{quote} Hi Malvern Only H4 and Daily. I wont open a H4 trade that doesnt have confirmed trend with the Daily.... I also pay attention to S&R levels / pivot levels before opening trades and closing of trades... otherwise the rest is truly following our template indicators.
Thank you Marcus
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