Trading Made Simple(r) | Page 279 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,869 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #5,561
  • May 26, 2020 12:36am May 26, 2020 12:36am
Quoting fxtrain
{quote} Could you post the Ganns indi mate? Thanks
Here you go bud...
Attached File(s)
File Type: tpl GANNlevels.tpl   16 KB | 596 downloads
The more you learn, the more you see
  • #5,562
  • May 26, 2020 12:44am May 26, 2020 12:44am
Quoting PhillipmC
{quote} Thanks for the post Marcus i got allot out of it. can i ask do you mainly trade on the 4H TF ? this seems to be the best TF for me.
Yes only the 4HR with the Daily trend confirmed with the same. When I've tried trades where I haven't been patient to wait for the daily by thinking ah thats definitely going to cross (RSI) and make a setup on the daily so let me jump in on the 4hour, is a mistake.

Yes given there will be fewer trades but they are higher success trades.
The more you learn, the more you see
  • #5,563
  • May 26, 2020 3:49am May 26, 2020 3:49am
Hi All,

First of all I would like thanks to RH for his wisdom which he shared with us. And of course there are many more valuable contributions from a lot of guys in this tread.
I have been trading in a demo for a couple of weeks using this methodology and this method is very good. I will share my future results as well and today has been a very good day also.

I have been trading with 4hr chart, and when I enter a trade usually i have looked for daily and 5m,15m as described in RH earlier posts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #5,564
  • Edited 8:01am May 26, 2020 7:15am | Edited 8:01am
Quoting RobinHood
I really appreciate the kind words from everyone. I'm truly happy to know that I have made a positive difference for so many of you. After all, that was my goal. I am writing a book about life lessons (mainly for my daughter). It's about trying to teach her so many of the lessons in life that I've learned, and I want to pass them down to her in the form of a book. It also has lots of inspirational quotes, stories and poems in it. This is one of my favorite stories in the book... Saving Starfish Once upon a time, there was an old man who used to...
Hi RobinHood,

Finally finished reading this thread (of 279 pages) that I chanced upon and am amazed by the simplicity of your methods (although I'm still reading the books recommended on post #1). Your thread is the reason why I'm here on FF. I started my trading journey only a few months back with other methods which aren't giving me very positive results as I was looking at the 15M chart. I am simply IMPRESSED with how the method evolved from the very first post and how everyone input their ideas to "enhance" the method (not system). After trying out and understanding the latest template, it was my first time gaining >100 pips in a trade (without a spoon). Not to mention changing to H4 has relieved me from always looking at charts.

Thank you RobinHood and Swingman for your selfless contribution of knowledge, time and effort. Another starfish you made a difference to! And I enjoy reading your analogy.

P.S. Visitors to this thread should really start from post #1 and avoid asking repeated questions.
  • #5,565
  • May 26, 2020 8:17am May 26, 2020 8:17am
Quoting EugeneCT
{quote} Hi RobinHood, Finally finished reading this thread (of 279 pages) that I chanced upon and am amazed by the simplicity of your methods (although I'm still reading the books recommended on post #1). Your thread is the reason why I'm here on FF. I started my trading journey only a few months back with other methods which aren't giving me very positive results as I was looking at the 15M chart. I am simply IMPRESSED with how the method evolved from the very first post and how everyone input their ideas to "enhance" the method (not system). After...
Same page with you.
P.S. Visitors to this thread should really start from post #1 and avoid asking repeated questions.
And can't agree with you more.
Thanks for RH's great method and other's good sharing. Will have a go this week.
Happy trading
  • #5,566
  • May 26, 2020 8:30am May 26, 2020 8:30am
Quoting Ayeshavh
Hi All, First of all I would like thanks to RH for his wisdom which he shared with us. And of course there are many more valuable contributions from a lot of guys in this tread. I have been trading in a demo for a couple of weeks using this methodology and this method is very good. I will share my future results as well and today has been a very good day also. I have been trading with 4hr chart, and when I enter a trade usually i have looked for daily and 5m,15m as described in RH earlier posts. {image}
You're welcome. Best of luck to you!
Always a Student, Never a Master - Emulate What Works
  • #5,567
  • May 26, 2020 8:50am May 26, 2020 8:50am
Quoting EugeneCT
{quote} Hi RobinHood, Finally finished reading this thread (of 279 pages) that I chanced upon and am amazed by the simplicity of your methods (although I'm still reading the books recommended on post #1). Your thread is the reason why I'm here on FF. I started my trading journey only a few months back with other methods which aren't giving me very positive results as I was looking at the 15M chart. I am simply IMPRESSED with how the method evolved from the very first post and how everyone input their ideas to "enhance" the method (not system). After...
Thank you for the kind words.

What no one here knows is that my main "business" income is derived from inventing products and then selling them to major retailers, such as: Amazon, Walmart, Home Depot, Sears, etc. So far I have created about 500 products. My MAIN MANTRA when inventing and designing a new product comes from Albert Einstein, he said:

"Everything should be made as simple as possible, but not simpler"

So, that is how I also try to always approach trading. In fact, it works with almost everything in life. Many people seem to have this weird desire to make things as complicated as possible, which I have never understood why.

"Simplicity is the Ultimate Sophistication"

And another one I really like is...

"KISS = Keep It Simple Stupid"

Are you starting to see a theme here?

And lastly, here's a quote that I created to help remind me to always keep things simple..

"Life can be exceptionally simple, or exceedingly complex...it’s your decision"

Plus, the same is true with trading.

I am really happy to know that I have helped another "Starfish". Best of luck to you!
Always a Student, Never a Master - Emulate What Works
  • #5,568
  • May 26, 2020 10:45am May 26, 2020 10:45am
Quoting Marcusv007
Hello Traders, so today was a quiet day in the markets as expected; so I took the chance to play in a demo account, looking at levels and entries and a trailing stop. I thought I'd share my trading thought process and what has been working for me. I've shared this same info somewhere in the thread but here is a 2020 update for you to go through and take or leave or maybe at least 1 thing gives you some idea to try. The idea behind the strategy I trade, is in the belief that between 0700 - 1900 trades can be opened and closed and profits banked systematically....
Marcus,

Thank you for your contributions!

I have created a template (to test) where I integrated the Gann template that you posted with the tools that I currently use.

Note: Please don't ask me to post all the indicators I use again. They have all been posted in this thread before. Here they are:

Attached Image
Attached File(s)
File Type: tpl # 14.tpl   23 KB | 847 downloads
Always a Student, Never a Master - Emulate What Works
  • #5,569
  • May 26, 2020 11:21am May 26, 2020 11:21am
Quoting RobinHood
{quote} Marcus, Thank you for your contributions! I have created a template (to test) where I integrated the Gann template that you posted with the tools that I currently use. Note: Please don't ask me to post all the indicators I use again. They have all been posted in this thread before. Here they are: {image} {file}
With this Gann, will there be more supply and demand areas? As in this GU chart, the red line 2 / 8- 1.25000 will be a very strong resistance, right RH?
Attached Image (click to enlarge)
Click to Enlarge Name: 123!!!.png Size: 103 KB
  • #5,570
  • May 26, 2020 11:32am May 26, 2020 11:32am
Quoting Jonhathan123
{quote} With this Gann, will there be more supply and demand areas? As in this GU chart, the red line 2 / 8- 1.25000 will be a very strong resistance, right RH? {image}
I don't know, I'm not an expert on supply and demand areas. Maybe someone who is can answer.
Always a Student, Never a Master - Emulate What Works
  • #5,571
  • May 26, 2020 11:35am May 26, 2020 11:35am
Quoting RobinHood
{quote} I don't know, I'm not an expert on supply and demand areas. Maybe someone who is can answer.
Thank you!!! We learn together to develop a more complete method
  • #5,572
  • May 26, 2020 1:51pm May 26, 2020 1:51pm
Quoting Marcusv007
{quote} Here you go bud... {file}
Thank you very much my friend!
  • #5,573
  • May 26, 2020 2:29pm May 26, 2020 2:29pm
Quoting warsito123
{quote} i enter this trade also with long EUR/JPY and EUR/USD
It was a good trade! Both winners
  • #5,574
  • Edited May 27, 2020 1:40am May 26, 2020 3:56pm | Edited May 27, 2020 1:40am
For tests only: "smCorrelationTrend_v1.0"

My old friend John Ehlers published a correlation indicator in the last issue of "Stocks & Commodities" (May 2020), based on the Spearman correlation.
Because I posted here in forum a MultiPairs indicator based on the Pearson correlation, I wrote for John a MT4 version ...

Maybe someone would like to test or use the indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rH4-Correlation.png Size: 67 KB
Attached File(s)
File Type: mq4 smCorrelationTrend_v1.0.mq4   7 KB | 552 downloads
File Type: pdf Correlation As A Trend Indicator by John F. Ehlers.pdf   4.8 MB | 2,620 downloads
  • #5,575
  • May 26, 2020 4:53pm May 26, 2020 4:53pm
Quoting Marcusv007
Hello Traders, so today was a quiet day in the markets as expected; so I took the chance to play in a demo account, looking at levels and entries and a trailing stop. I thought I'd share my trading thought process and what has been working for me. I've shared this same info somewhere in the thread but here is a 2020 update for you to go through and take or leave or maybe at least 1 thing gives you some idea to try. The idea behind the strategy I trade, is in the belief that between 0700 - 1900 trades can be opened and closed and profits banked systematically....
Hi Marcus - Your post raises some questions and I'll see if I can verbalise them :/ - please note that this is in no way intended to be an attack!!
1) you say you are not a subscriber to R:R ideology but the R:R "ideology" is scientifically and empirically proven to be superior to "free trading".....after all, a set of technicals got you in, and a set of technicals will get you out so why not a set of technicals to manage. (By technicals I'm inferring a well-tested set of parameters.) If you have tested MAE and MFE, why on earth not use them as your larger picture R:R parameters
2) " a bird in the hand is worth 2 in the Bush" Tested and proven wrong in the trading world - repeatedly tested and always the same result - numerous studies online to verify this. It is counter-intuitive but so much of trading is!!??? ( Included in these phrases is "you can't go bust taking profits...." - also wrong, you most certainly can if your parameters are wrong.)
3) you have a TP1 "dead cert" 40 pips on you Gann levels trading and you know your SL in pips right - guess what .....that is R:R right there..........
4) You list the pairs you trade but the results you post are all Indicies trades?? Was that by design??
Cheers
  • #5,576
  • May 26, 2020 11:44pm May 26, 2020 11:44pm
my trades i closed early

EUR USD CLOSED EARLY BECAUSE HIT RESISTANCE AND SHOWING NO VOLUME TO BREAKOUT
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB


EUR JPY ALSO CLOSED BECAUSE SOMETIMES IT MOVES TOGETHER WITH EUR/USD ALSO SHOWING NO SIGNS OF GOING UP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 74 KB


GBP USD & GBP CHF SHOWS A REVERSAL I CLOSED EARLY BECAUSE THE HMA LINE IS CHANGING COLOUR BUT NOT YET CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 77 KB
  • #5,577
  • May 28, 2020 6:55am May 28, 2020 6:55am
Not seeing any good H4+D1 setups today, staying out of that market. Though H4 + H1 still has a few good opportunities (just shorted EURSGD a few moments ago)
  • #5,578
  • May 28, 2020 7:00am May 28, 2020 7:00am
Quoting tonberry
Not seeing any good H4+D1 setups today, staying out of that market. Though H4 + H1 still has a few good opportunities (just shorted EURSGD a few moments ago)
I also agree with you. For USDSGD in my opinion is to wait after the next 4H candle is finished I will consider
  • #5,579
  • May 28, 2020 7:05am May 28, 2020 7:05am
Quoting tonberry
Not seeing any good H4+D1 setups today, staying out of that market. Though H4 + H1 still has a few good opportunities (just shorted EURSGD a few moments ago)
Hi Tonberry

Just a heads up what I do, I just go down to lower TF's that is trade-able, yesterday and today I am on the 15 and 30 min but just trading pivot to pivot.
Trade Without Fear
  • #5,580
  • May 28, 2020 8:26am May 28, 2020 8:26am
When I enter a trade when the oscillator crosses I have mostly losses? What can I do about it?
22 traders viewing now, 1 is registered:
swaziboy