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Trading Made Simple(r)

  • #5,681
  • Jun 4, 2020 3:26am Jun 4, 2020 3:26am
Quoting Celal
Hi Rubernet, Hope you are fine ,I want to ask something, If you trade in H4 chart to confirm the trend you look to PMO in D1 and what else do you care about in D1? Thanks,,
Hi Celal

When I trade on the 4 hr chart I would consult the PMO on the 1 hr chart to see if momentum cross is favorable for the direction I want to trade. I only consult the daily when trading continuation trades on the 4 hr chart.

I hope this answers your question.

Trade safe
Trade Without Fear
  • #5,682
  • Jun 4, 2020 4:26am Jun 4, 2020 4:26am
Hi Rubernet,

Thank you very much, I wish you green pips..
  • #5,683
  • Jun 4, 2020 5:48am Jun 4, 2020 5:48am
Hi RobinHood,

I'm sorry, I'm comfused, If I get an up signal on H4 and PMO shows the opposite direction(down), Can I enter long or wait PMO to cross up?
  • #5,684
  • Edited 7:49am Jun 4, 2020 6:19am | Edited 7:49am
Quoting Celal
Hi RobinHood, I'm sorry, I'm comfused, If I get an up signal on H4 and PMO shows the opposite direction(down), Can I enter long or wait PMO to cross up?
There is no one correct answer. Each trader has to decide what they think works best for them. BUT...Ideally, you never want to trade against the direction of the momentum (if you're a trend trader).

My advice is for people when starting out using these methods is to ONLY trade Continuation Trades on the 4 Hr. or Daily charts. That keeps your choices to a minimum. It's a very simple entry method see and execute.

Bruce Lee said:

“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”
Always a Student, Never a Master - Emulate What Works
  • #5,685
  • Jun 4, 2020 6:41am Jun 4, 2020 6:41am
Hi RobinHood,

Thank you very much..
  • #5,686
  • Jun 4, 2020 8:04am Jun 4, 2020 8:04am
No decent H4 + D1 setups today - so staying on the sidelines on that market.

Going down to M15 + H1 setups. Did a long trade with XAUUSD in the morning, doing nicely currently and hopefully this will turn into a H4 trade.
  • #5,687
  • Jun 4, 2020 9:01am Jun 4, 2020 9:01am
What are the main differences between using the PMO indicator and the SMI with Stoch cross ?
  • #5,688
  • Jun 4, 2020 1:02pm Jun 4, 2020 1:02pm
Hi RobinHood,

I think there is a typo error in below post.

https://www.forexfactory.com/showthr...3#post12280123

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It should be ABOVE, right ??
  • #5,689
  • Jun 4, 2020 1:46pm Jun 4, 2020 1:46pm
Today some profit trades
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Some loss trades
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  • #5,690
  • Jun 4, 2020 5:27pm Jun 4, 2020 5:27pm
Quoting Ah-Ong
Hi RobinHood, I think there is a typo error in below post. https://www.forexfactory.com/showthr...3#post12280123 {image} It should be ABOVE, right ??
Yes
Always a Student, Never a Master - Emulate What Works
  • #5,691
  • Jun 4, 2020 6:00pm Jun 4, 2020 6:00pm
Quoting SwingMan
New version "smTMMS Oscillator_v7.3.1" Version with additional alerts for - crossing the SMI line (violet and yellow lines) - Dots color change (slope of Hull MA) The alerts are only calculated when the bars are closed. In the previous versions, signals sometimes appeared when a bar was open and did not disappear until the close, when the conditions were no longer met. Sure one can also program that but I don't know if that would be interesting. {image} {file}
The dark violet lines you've drawn around the green, red and white histogram, does it need calculations when coding it?
I'm asking because I want to add it to the MT5 Version of your indicator but I don't know how to go about it. Thanks
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File Type: mq5 smTMMS Oscillator-MT5_v2.0.mq5   6 KB | 354 downloads
  • #5,692
  • Jun 4, 2020 8:06pm Jun 4, 2020 8:06pm
GU short, -61 pip.
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I will do my best!
  • #5,693
  • Jun 4, 2020 9:05pm Jun 4, 2020 9:05pm
Quoting FXShoujo
GU short, -61 pip. {image}
FXShoujo - If you are taking these types of trades you may need to put the Stoch Indy back on - this was clearly not a short and the Stoch Indy would have kept you out....
  • #5,694
  • Jun 4, 2020 9:19pm Jun 4, 2020 9:19pm
Quoting FXShoujo
GU short, -61 pip. {image}
gbu usd is is an uptrend
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  • #5,695
  • Jun 5, 2020 12:17am Jun 5, 2020 12:17am
Quoting neil001
{quote} FXShoujo - If you are taking these types of trades you may need to put the Stoch Indy back on - this was clearly not a short and the Stoch Indy would have kept you out....
What do you mean by this type of trades? How do you know which indicator to use?
I will do my best!
  • #5,696
  • Jun 5, 2020 12:20am Jun 5, 2020 12:20am
Quoting warsito123
{quote} gbu usd is is an uptrend {image}
True, but look left.
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I will do my best!
  • #5,697
  • Jun 5, 2020 12:26am Jun 5, 2020 12:26am
Quoting FXShoujo
{quote} True, but look left. {image}
Left is only a good reference once structure is confirmed or broken.....at the moment it is confirming long.........
  • #5,698
  • Jun 5, 2020 1:00am Jun 5, 2020 1:00am
Quoting neil001
{quote} Left is only a good reference once structure is confirmed or broken.....at the moment it is confirming long.........
and once structure is 'confirmed', it would be too late. I prefer entering early. So if I lose, I lose small and if I win, I win big.
I will do my best!
  • #5,699
  • Jun 5, 2020 3:29am Jun 5, 2020 3:29am
Quoting FXShoujo
GU short, -61 pip. {image}
RSI not yet cross level 50.
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  • #5,700
  • Jun 5, 2020 4:13am Jun 5, 2020 4:13am
Quoting FXShoujo
{quote} and once structure is 'confirmed', it would be too late. I prefer entering early. So if I lose, I lose small and if I win, I win big.
Hey FxShouyo - So what is your edge then?? If you are going to enter early, why look left......just do it....??? Trading what YOU THINK will happen will end in tears - If it's the big win, without edge, you are looking for, a casino will give a better return - unless of course, you are trading without and edge??
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