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Trading Made Simple(r)

  • #5,521
  • May 19, 2020 6:14pm May 19, 2020 6:14pm
The EURCAD has been choppy recently, i gotten bitten earleir this week. When pairs look messy, i keep out now!
  • #5,522
  • May 19, 2020 6:32pm May 19, 2020 6:32pm
Quoting simcu
The EURCAD has been choppy recently, i gotten bitten earleir this week. When pairs look messy, i keep out now!
Yeah, lets see SL not hit until now. GJ is bullish, mostly this will move against GJ. Or I will book some loss or close at breakeven before london session.
  • #5,523
  • May 19, 2020 8:11pm May 19, 2020 8:11pm
Quoting MalvernTrust
EURCAD Short {image}
hi malvern i would not take that trade the reasons are:
-The RSI is only jumping around sideways i would not risked that this trade will be a breakout because there is a big chance it wont...

-the pair is still not yet breaks the blue line i draw on the naked charts

+the weekly is going down and its goood
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  • #5,524
  • May 19, 2020 8:31pm May 19, 2020 8:31pm
Thanks Warsito for your reply. I see RSI is 52 now, we should have both templates looks like. Let me see this candle close and decide. Thanks again
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  • #5,525
  • May 19, 2020 11:07pm May 19, 2020 11:07pm
Quoting Shinnguyen
Hello, I am a newbie come from Vietnam. First of all, I want to thank Mr.RH very much for his system. For me, it's really easy to understand. After using it for a few orders, I have first profit from the day I join to this market! I have a question that, are there any group on Telegram which include members who practice and use this system yet? I think it is really good if we have one and we can practice together, as well as members can post some cases for another who don't have time or laptop at the moment we have the opportunity to open orders....
Vietnam too
  • #5,526
  • May 20, 2020 1:00am May 20, 2020 1:00am
Quoting MalvernTrust
{quote} Unfortunately my EURCAD short not going well, I have double checked all the rules , all aligned, this week this is my 4th consecutive loss on my 4 H Trades, I dont know what I am doing wrong :-) {image}
I've also opened sell on this pair on signal but about about 16 candles earlier at about same price, but because I'm scalper,I'm trying this metodh on demo,trying to find optimal strategy for me.
Beware today's Canada news if you are with real money,they might sen this pair in one direction,but which one?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,527
  • May 20, 2020 5:34am May 20, 2020 5:34am
Quoting tonberry
{quote} I agree that earlier posts from some members especially Emmanuel have some really useful nuggets of information. I am now trading 2 variants of this system: - H4 with D1 aligned (with sw indicators as per post 1) - H4 with H1 aligned (using MACD line for entry/exit) I can see value in both of the above, time will tell which is most profitable.
Interesting, please do keep us posted on your findings.... I'm working on something that will help in terms of pressing winners. The trades I like to call steaming trains lol... once Ive made decent ground on it I'll be sure to share.
The more you learn, the more you see
  • #5,528
  • May 20, 2020 9:10am May 20, 2020 9:10am
Quoting Simply-Me
{quote} I've also opened sell on this pair on signal but about about 16 candles earlier at about same price, but because I'm scalper,I'm trying this metodh on demo,trying to find optimal strategy for me. Beware today's Canada news if you are with real money,they might sen this pair in one direction,but which one?
Thanks my friend for the heads up and suggestions.
  • #5,529
  • May 20, 2020 9:18am May 20, 2020 9:18am
Quoting MalvernTrust
{quote} Thanks my friend for the heads up and suggestions.
I've had the most negative two weeks since I started TMSr thanks to EURCAD
  • #5,530
  • May 20, 2020 9:33am May 20, 2020 9:33am
Quoting celord
{quote} I've had the most negative two weeks since I started TMSr thanks to EURCAD
I've opened at red line, now -79 pips. At this situation it can go either way.
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Whether you think you can, or you think you can't,you're right. H.F.
  • #5,531
  • May 20, 2020 6:16pm May 20, 2020 6:16pm
Quoting Simply-Me
{quote} I've opened at red line, now -79 pips. At this situation it can go either way. {image}
My EC Short Stopped out today, need to learn and understand more on this strategy.
  • #5,532
  • May 20, 2020 11:38pm May 20, 2020 11:38pm
Short US30 on H1/H4
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  • #5,533
  • May 21, 2020 12:29am May 21, 2020 12:29am
Quoting MalvernTrust
Short US30 on H1/H4 {image}
You are going against the trend
  • #5,534
  • Edited 2:36am May 21, 2020 12:36am | Edited 2:36am
Quoting celord
{quote} I've had the most negative two weeks since I started TMSr thanks to EURCAD
To be honest it caught me too, the mistake didn't look for the key levels in this case there were resistance levels it is failing to break. Also didnt look to the left I would have seen that it has failed to break it a few times..... after it fails it retracts back down. This is one pair that reminded me to look at where my stop loss would be; given the previous days history then looking at the resistance levels against where I'm opening my trade i.e. the Risk to Reward ratio was way off....

Valuable lessons refreshed and therefore re-wired into my brain! Just look at the key levels in this image... it looks a mine field or pin ball

Fortunate to close 1.50 pips in profit

(ps. Please excuse the Ganns template its only to illustrate the zones)
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The more you learn, the more you see
  • #5,535
  • May 21, 2020 3:17am May 21, 2020 3:17am
Quoting MalvernTrust
{quote} My EC Short Stopped out today, need to learn and understand more on this strategy.
This is my Pm with malvern the other days about how I trade with this awesome strategy from RH... Hope some of this tips can help other to succeed


Hai yes I think you just need to put your order of priorities before trade.... This is what I do

1.i check my h4 time frame on all 26 pairs(I used many pairs but I only enter max 5 trades at the time and pick only THE BEST setup)
2.if there is a setup of crossing or continuation trade on mt4 like hma line changing color I will go to the naked chart to see the support and resistance
3.if I see it's near a sup or res and my trade most likely will not get lots of Pips in that trade or gonna hit the sup res I will not enter it and go to other pairs...
4.in naked charts what I see is:
-Trend line is it breaking the trend or is bouncing the trend line and go with the trend
-Support and resistance
-My Pips risk reward for that trade
5.if the naked charts I see the Pips can go farrr and not obstacle I will enter that trade... My tolerance if there is an obstacle sup or res is 1:1 SL Pips...

Also another tips usually if there is a big movement like the start of this week on aud nzd some of the pairs will move with the same momentum and will get lots of signal on the same time that is the BIG MONEY for me because they all agree on the same direction... If you feel helped with this you can post it on the forum so people will also get helped with my style of trading thank you malvern hope you get lots of profit from my tips
  • #5,536
  • May 21, 2020 10:48am May 21, 2020 10:48am
Quoting Marcusv007
{quote} To be honest it caught me too, the mistake didn't look for the key levels in this case there were resistance levels it is failing to break. Also didnt look to the left I would have seen that it has failed to break it a few times..... after it fails it retracts back down. This is one pair that reminded me to look at where my stop loss would be; given the previous days history then looking at the resistance levels against where I'm opening my trade i.e. the Risk to Reward ratio was way off.... Valuable lessons refreshed and therefore re-wired...
Glad you closed in few pips profit
  • #5,537
  • May 21, 2020 10:52am May 21, 2020 10:52am
Quoting fxtrain
{quote} You are going against the trend
Yeah Trend is Bullish, but I entered in H1/H4 when I was looking the Chart US30 was going down and booked some profits .

How did you say Trend is down ? Did you check other factors apart from this template like PA, SD, SR, etc?

If not please suggest how you are utilizing this template, thats would be helpful, Thanks
  • #5,538
  • May 21, 2020 11:02am May 21, 2020 11:02am
Quoting warsito123
{quote} This is my Pm with malvern the other days about how I trade with this awesome strategy from RH... Hope some of this tips can help other to succeed Hai yes I think you just need to put your order of priorities before trade.... This is what I do 1.i check my h4 time frame on all 26 pairs(I used many pairs but I only enter max 5 trades at the time and pick only THE BEST setup) 2.if there is a setup of crossing or continuation trade on mt4 like hma line changing color I will go to the naked chart to see the support and resistance 3.if I see...
Thank you very much Warsito for your time to write these suggestions personally, greatly appreciated. I didnt realize all are checking other factors apart from this TSMS(R), I was just reading only on this templates, initially with #1 template and added SwingMan's Indicator. Still in training wheel. May be need to check all price actions and traditional charting patterns I think thats not the objective of this thread, we need to utilize this template effectively at right timings. Additionally I believe most of our fellow traders here are making profits and got succeeded only following RH tmeplate and Swingman's Indi. But some they have some edge they are seeing at right point , at right moment, that I am still looking. Whenever I back test manually by during weekends many currency pairs almost 75% made great pips, I always think why and how did i miss that opportunity. But When I enter the trade by checking all rules, mostly 75% I am failing. Problem is with me not with this template I guess.

Let me try more with better approach, Thanks again my friend.
  • #5,539
  • May 21, 2020 3:26pm May 21, 2020 3:26pm
Have you tried loading the indicator and template, test it out with the mt4 strategy tester? Let it run, tick by tick.

Should be better than eye balling the formed chart since it’s prone to hind sight bias.

Quoting MalvernTrust
{quote} Thank you very much Warsito for your time to write these suggestions personally, greatly appreciated. I didnt realize all are checking other factors apart from this TSMS(R), I was just reading only on this templates, initially with #1 template and added SwingMan's Indicator. Still in training wheel. May be need to check all price actions and traditional charting patterns I think thats not the objective of this thread, we need to utilize this template effectively at right timings. Additionally I believe most of our fellow traders here are...
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #5,540
  • May 21, 2020 3:31pm May 21, 2020 3:31pm
Closed EURUSD for profit.
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