The more you learn, the more you see
- #5,564
- Edited 6:01am May 26, 2020 5:15am | Edited 6:01am
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...
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 6:17am May 26, 2020 6:17am
{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...
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 6:30am May 26, 2020 6:30am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #5,567
- May 26, 2020 6:50am May 26, 2020 6:50am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #5,568
- May 26, 2020 8:45am May 26, 2020 8:45am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
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....
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:
Always a Student, Never a Master - Emulate What Works
- #5,570
- May 26, 2020 9:32am May 26, 2020 9:32am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #5,574
- Edited 11:40pm May 26, 2020 1:56pm | Edited 11:40pm
- Joined Aug 2007 | Status: Trader | 2,725 Posts
- #5,575
- May 26, 2020 2:53pm May 26, 2020 2:53pm
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....
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
my trades i closed early
EUR USD CLOSED EARLY BECAUSE HIT RESISTANCE AND SHOWING NO VOLUME TO BREAKOUT
EUR JPY ALSO CLOSED BECAUSE SOMETIMES IT MOVES TOGETHER WITH EUR/USD ALSO SHOWING NO SIGNS OF GOING UP
GBP USD & GBP CHF SHOWS A REVERSAL I CLOSED EARLY BECAUSE THE HMA LINE IS CHANGING COLOUR BUT NOT YET CLOSED
EUR USD CLOSED EARLY BECAUSE HIT RESISTANCE AND SHOWING NO VOLUME TO BREAKOUT
EUR JPY ALSO CLOSED BECAUSE SOMETIMES IT MOVES TOGETHER WITH EUR/USD ALSO SHOWING NO SIGNS OF GOING UP
GBP USD & GBP CHF SHOWS A REVERSAL I CLOSED EARLY BECAUSE THE HMA LINE IS CHANGING COLOUR BUT NOT YET CLOSED
