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Trading Made Simple(r)

  • #6,041
  • Edited 6:31am Sep 9, 2020 1:04am | Edited 6:31am
Quoting Marcusv007
Morning Traders, Gosh in this image yesterday, Not sure how I missed it but after the rally down the SMI + MACD had already started to shift to long... {image} {image}
Visually we see the end of the Rally literally:
1.)If you notice from short - red histogram bars going down.... (when it manages to register decent size Blue bars on the otherside)

2.) smi and macd also start to shift during this time.... BUT they give us 1 pullback before....

3.) We see the arrow + smi + macd LINEUP in harmony "on the sweet spot" so we can start to go long on the new trend and most important visually you can see that now we have Blue/ Green histogram bars and we are going up!!!

Just some food for thought, maybe it can be of some use in your trading.
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The more you learn, the more you see
  • #6,042
  • Edited 5:11am Sep 9, 2020 4:05am | Edited 5:11am
Ideas for Trading 1 minute Opportunities - But just to visually help with what you should be watching.

How to Track Momentum (MACD + SMI swings) and then Ripe Opportunities on the 1min or other timeframes the same logic may be applied... it can be traded volume periods and off peak periods to visually recognize and see the correct entry arrow. Hopefully it will help with confidence that the opportunity and direction is with the prevailing force but it also shows you how to spot that the opportunity is not yet ripe..

Purely observing SMI + MACD + Trend direction [confirmed with histogram bar colours] then how the highest probability arrow alerting exactly on the 0 line in flow(swing progression) with smi+macd together.
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #6,043
  • Sep 9, 2020 9:11pm Sep 9, 2020 9:11pm
Dear @RobinHood,

This is very first post in FF. I´ve been reading your thread, so far 100 pages, I like your stories and your clear answers and I wanted to take few minutes to thank you for sharing your method, your trading experience and your time.

I started my trading jorney this year without success so far but one thing I´ve learned is I like Heiken Ashi and 4H and bigger time frames. . .

I will be posting my entries here looking for feedback. Also I´m wondering if template 1 is still valid as lately I´ve seen many new setups with a different template.

All the best,
CGN
  • #6,044
  • Sep 9, 2020 9:16pm Sep 9, 2020 9:16pm
My first 2 attempts, got kicked out from the USACHF4H and still in on the USACADDaily
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  • #6,045
  • Sep 9, 2020 9:28pm Sep 9, 2020 9:28pm
Possible continuation set up in EURGBPH4? looking good in 1D also.
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  • #6,046
  • Sep 10, 2020 7:48am Sep 10, 2020 7:48am
Quoting cgninvesting
Possible continuation set up in EURGBPH4? looking good in 1D also. {image}
It was a good one... unfortunately I wasn't home for the entry...
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  • #6,047
  • Sep 10, 2020 7:58am Sep 10, 2020 7:58am
Possible continuation set up in AUDCAD4H & AUDJPY4H
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  • #6,048
  • Sep 10, 2020 10:21pm Sep 10, 2020 10:21pm
Quoting cgninvesting
Possible continuation set up in AUDCAD4H & AUDJPY4H {image} {image}
Hi there,

Yesterday I´ve entered in 4 possible continuation set ups and I was kicked out in all of them... Couldn´t find any set up at 9am HK time candle. In the meantime I keep reading the thread, 125 pages so far, and lets see if there is any chance within the next candles...

Best,
CGN
Attached Image(s) (click to enlarge)
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  • #6,049
  • Edited 3:55am Sep 11, 2020 3:23am | Edited 3:55am
Quoting cgninvesting
Possible continuation set up in EURGBPH4? looking good in 1D also. {image}
Hi CGNInvesting, See the image with regard your trading of TMSr ----> Ideally you will catch the start of a trend (consider adding a indicator to visually recognize the start of a trend ), Or a continuation, that is fine. Also consider installing the SMTMMS v7.3.1(located in this very thread) it will get you in trades much earlier so that even if they are wrong you still stand a good chance of closing in profit. - Just an idea.

I scribbled in red to show you that if you're in a trade and it starts going against you, you only need to worry if a different colour histogram bar registers on the other side below the 0 line otherwise you can hold your trade, it means the pullback wasnt strong enough to change momentum from long to short on your H4 chart. But this is open to debate you have to decide how you will lock in your profit or manage risk for that matter. One assumes you have an understanding of position sizing - risk management - (lot sizes in relation to your equity balance i.e. % risk per trade- as you read the thread you will discover loads of conversations on the topic)

Using SMTMMS v7.3.1 will help get you into the trade correctly and infact alert to you to close too if you notice in the image it gave a red arrow alert when the move seemed to be over even though it was temporary.

Only take trades with arrows in the trend direction, with RSI(brown line) across the purple line in the trade arrow direction.

Goodluck.
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The more you learn, the more you see
  • #6,050
  • Edited 7:14am Sep 11, 2020 4:25am | Edited 7:14am
What is a valid trade? One where the highest probabilities for price movement are in the direction of the prevailing force.

Reversals - Also known as start of new trend direction in respect of the relevant time frame you have decided to trade.

Signs to look out for in preparation of such an Opportunity.

1. First and /or second candle is big thus it takes RSI to and maybe over the 0 line ( because it is only by the RSI crossing the 0 line; is price able to be moved fast in that direction)
2. Arrow is on 0 line or even past it.
3. MACD + SMI are already or starting to move in arrow direction (number 1 and 2 are good enough to open on but number 3 will help you manage your trade - to decide whether there is potential to continue or to close and bank)
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #6,051
  • Sep 11, 2020 5:16am Sep 11, 2020 5:16am
Quoting Marcusv007
{quote} Hi CGNInvesting, See the image with regard your trading of TMSr ----> Ideally you will catch the start of a trend (consider adding a indicator to visually recognize the start of a trend ), Or a continuation, that is fine. Also consider installing the SMTMMS v7.3.1(located in this very thread) it will get you in trades much earlier so that even if they are wrong you still stand a good chance of closing in profit. - Just an idea. I scribbled in red to show you that if you're in a trade and it starts going against you, you only need to worry...
Many thanks Marcus,

I´m still on page 152 so I updated my template 3 with the sMTMMS v2 lol... Much better like this I can now easily have an overall view of all the pairs and then if I get a vertical line check if all the parameters meet for an entry.

Regarding the risk management I usually go for 1% per trade SL 2nd previous HA candle as recommended by RH I´m also using Enmanuels´ script to stablish the TPs.

Thank you again Marcus!

Best,
CGN
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  • #6,052
  • Edited 4:45pm Sep 11, 2020 8:13am | Edited 4:45pm
Result of this week following RH's "SIMPLER RULES"

  1. P/L: 5.78
  2. Return: 23.8%
  3. Trade: 20
  4. Win rate: 40%
  5. Pips Gain/Loss: 937/-189
  6. Avg/Worst losing trade return: -0.4% / -0.7%


Period: from 7:00 am Monday to 11:00 pm Friday local time
Account: live
Platform: MT4
TF: 4H ONLY
Size: 0.01 lot/trade
SL strategy: RH's 2-bar SL, update manually every 4 hrs (including midnight, yeah, very struggling to get up)
TP strategy: NO TP setup. Aiming to gain as much as possible in one trade, only exit on SL or RH's exit signal.

Attached Image (click to enlarge)
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Summary:

  1. This method is very promising and profitable only when you follow RH's rules very strictly word by word, no exception.
  2. In cockpit, flying safely only relies on RH's 7 indicators. Don't be distracted by weather report (news and economic analysis).
  3. Win rate is not important. Those weak leeches (bad trade) will always die very quickly with tiny cost. But the ones survived will bring enough blood to compensate all efforts and lost.
  4. As I am new to forex without many experience, I prefer to trade in a more safe way in which I always check daily chart first. Only when the daily chart shows a strong trend, matching RH's 7-indicator criteria, would I check the 4H chart and find a signal (matching 7-indicator criteria) to enter in the same direction as daily chart.
  5. Avoid choppy pair even if it can pass all criteria above, featuring choppy RSI twisting closely around the 50 purple line (4H Chart especially).

  • #6,053
  • Sep 11, 2020 11:32am Sep 11, 2020 11:32am
Spent the week on vacation with just a smart phone to look at the MT4 charts, not to be recommended. Still getting to grips with the Marcus DAX simpler and things are improving. Managed to add 2.3% to the Demo account.
Attached Image (click to enlarge)
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  • #6,054
  • Sep 12, 2020 3:23am Sep 12, 2020 3:23am
Quoting Frank.g
Result of this week following RH's "SIMPLER RULES" P/L: 5.78 Return: 23.8% Trade: 20 Win rate: 40% Pips Gain/Loss: 937/-189 Avg/Worst losing trade return: -0.4% / -0.7% Period: from 7:00 am Monday to 11:00 pm Friday local time Account: live Platform: MT4 TF: 4H ONLY Size: 0.01 lot/trade SL strategy: RH's 2-bar SL, update manually every 4 hrs (including midnight, yeah, very struggling to get up) TP strategy: NO TP setup. Aiming to gain as much as possible in one trade, only exit on SL or RH's exit signal. {image} {image} Summary: This method is very...



that's positive mindset to start off with. Keep doing this over a longer period , completed 1,000 trades and you will see the results.

I like your
Summary:

  1. This method is very promising and profitable only when you follow RH's rules very strictly word by word, no exception.
  2. In cockpit, flying safely only relies on RH's 7 indicators. Don't be distracted by weather report (news and economic analysis).
  3. Win rate is not important. Those weak leeches (bad trade) will always die very quickly with tiny cost. But the ones survived will bring enough blood to compensate all efforts and lost.
  4. As I am new to forex without many experience, I prefer to trade in a more safe way in which I always check daily chart first. Only when the daily chart shows a strong trend, matching RH's 7-indicator criteria, would I check the 4H chart and find a signal (matching 7-indicator criteria) to enter in the same direction as daily chart.
  5. Avoid choppy pair even if it can pass all criteria above, featuring choppy RSI twisting closely around the 50 purple line (4H Chart especially).


just add ... TRADING DISCIPLINE will lead to CONSISTENCY...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,055
  • Sep 12, 2020 4:27am Sep 12, 2020 4:27am
I was looking for an efficient system and find your system really useful. thanks dude
  • #6,056
  • Sep 13, 2020 6:30am Sep 13, 2020 6:30am
Quoting 40PipsAlan
Spent the week on vacation with just a smart phone to look at the MT4 charts, not to be recommended. Still getting to grips with the Marcus DAX simpler and things are improving. Managed to add 2.3% to the Demo account. {image}
Hi 40pips May I know how can I get a report like yours. Is that any indicator? nice and simple.
  • #6,057
  • Sep 13, 2020 7:10am Sep 13, 2020 7:10am
Quoting smartvin
{quote} Hi 40pips May I know how can I get a report like yours. Is that any indicator? nice and simple.
here u go. Change the dates to for this weeks totals only and away u go.
Attached File(s)
File Type: ex4 TradeReport_compact - v.1.04.ex4   121 KB | 369 downloads
File Type: mq4 TradeReport_compact - v.1.04.mq4   153 KB | 373 downloads
  • #6,058
  • Sep 13, 2020 7:17am Sep 13, 2020 7:17am
Quoting 40PipsAlan
{quote} here u go. Change the dates to for this weeks totals only and away u go. {file} {file}
Thanks
  • #6,059
  • Sep 13, 2020 8:30pm Sep 13, 2020 8:30pm
Quoting emmanuel7788
{quote} that's positive mindset to start off with. Keep doing this over a longer period , completed 1,000 trades and you will see the results. I like your Summary: This method is very promising and profitable only when you follow RH's rules very strictly word by word, no exception. In cockpit, flying safely only relies on RH's 7 indicators. Don't be distracted by weather report (news and economic analysis). Win rate is not important. Those weak leeches (bad trade) will always die very quickly with tiny cost. But the ones survived will...
Thank you for your kind words.
  • #6,060
  • Sep 13, 2020 9:39pm Sep 13, 2020 9:39pm
Quoting Frank.g
Result of this week following RH's "SIMPLER RULES" P/L: 5.78 Return: 23.8% Trade: 20 Win rate: 40% Pips Gain/Loss: 937/-189 Avg/Worst losing trade return: -0.4% / -0.7% Period: from 7:00 am Monday to 11:00 pm Friday local time Account: live Platform: MT4 TF: 4H ONLY Size: 0.01 lot/trade SL strategy: RH's 2-bar SL, update manually every 4 hrs (including midnight, yeah, very struggling to get up) TP strategy: NO TP setup. Aiming to gain as much as possible in one trade, only exit on SL or RH's exit signal. {image} {image} Summary: This method is very...
Hi Frank,

Those are fantastic results congrats! I hope I can get similar numbers soon!

Regarding the 2 candles SL I´m also using it myself but I´m not 100% if you have to move it every 4h even if you´re not in profit... I´m doing it anyway as I think this is one way to get less than 1% loss in case there is a reversal but I´m not 100% sure if i´m right...

Best,
CGN
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