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Trading Made Simple(r)

  • #6,481
  • Jan 25, 2021 11:11am Jan 25, 2021 11:11am
Quoting RobinHood
{quote} Just to let everyone know, I never heard back from the FF Admin (who I emailed nor from Twee (the FF forum moderator) who I sent a PM. And just to brag a little...I am up 136% trading stocks so far this month (1/25/21). {image}
That is really awesome, I hope FF will answer you soon, I am also interested in trading stocks.
Cheers
  • #6,482
  • Jan 25, 2021 5:08pm Jan 25, 2021 5:08pm
Quoting RobinHood
{quote} Just to let everyone know, I never heard back from the FF Admin (who I emailed nor from Twee (the FF forum moderator) who I sent a PM. And just to brag a little...I am up 136% trading stocks so far this month (1/25/21). {image} I posted the above image earlier today. The image below is the way today ended (1/25/21). Up 157% so far this month. {image}
Hello RobinHood.
It looks great,

Hope they get back to you soon.

Thanks for the updates !
Go big or go home
  • #6,483
  • Jan 25, 2021 9:42pm Jan 25, 2021 9:42pm
Quoting Deminsib
{quote} Hello RobinHood. It looks great, Hope they get back to you soon. Thanks for the updates !
It seems like NIO was one of those superstocks.
Go big or go home
  • #6,484
  • Edited 10:52am Jan 26, 2021 10:18am | Edited 10:52am
Quoting Deminsib
{quote} It seems like NIO was one of those superstocks.
I would tend to agree except for one VERY important rule.

The Superstocks that I buy MUST have been a Superstock in the past.

Meaning, the stock must have been at a very high level, then come way, way, way, way, way down in a nice long orderly decline (ideally) to like under $5, and even better to under $1 and then started it's ascent back up again.

The premise is...if it was a Superstock in the past, it can be a Superstock again, but if it never was, then you never know what it can or cannot do in the future.

What I have just explained is: RULE # 1 ...and it can NEVER be violated

Attached Image


Noon Update:

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #6,485
  • Feb 4, 2021 4:38pm Feb 4, 2021 4:38pm
Quoting RobinHood
{quote} I would tend to agree except for one VERY important rule. The Superstocks that I buy MUST have been a Superstock in the past. Meaning, the stock must have been at a very high level, then come way, way, way, way, way down in a nice long orderly decline (ideally) to like under $5, and even better to under $1 and then started it's ascent back up again. The premise is...if it was a Superstock in the past, it can be a Superstock again, but if it never was, then you never know what it can or cannot do in the future. What I have just explained...
With over 2,800 instruments on the NYSE alone, how do you go about "finding" the super stocks to evaluate RH?.

Cheers.
  • #6,486
  • Feb 5, 2021 10:31am Feb 5, 2021 10:31am
Hello RobinHood

Are you still working with the same conditions ? Or you develop the strategy On new conditions . Thanks
  • #6,487
  • Edited Feb 6, 2021 5:35am Feb 5, 2021 11:50am | Edited Feb 6, 2021 5:35am
Quoting krismitt
{quote} With over 2,800 instruments on the NYSE alone, how do you go about "finding" the super stocks to evaluate RH?. Cheers.
I kind of cheat. I have other traders find them for me like they're my bird dogs.

When I am looking for a new stock to trade, I go to a website that shows stocks in the "Pre-Market" making big up moves like: https://www.benzinga.com/premarket/

I take one of those stocks with 4 symbols (NASDAQ stocks) that is moving up big. * I don't only trade NASDAQ stocks, I trade all kinds of stocks.

I then go to StockTwits and look at that symbol, for example: https://stocktwits.com/symbol/ctrm

I then scroll through the messages to see what OTHER stocks traders are RAVING about.

Then, I run those stocks through my stocking picking criteria, and if/when I find one (the best one if there's more than one), then I add it to my portfolio of 10-15 stocks. I don't like to buy more than one new stock a day, because that way I am FORCED to choose only the best one. When you choose to buy more than one in a day, you become less picky, and consequently end up with some sloppy picks sometimes. At least I do.

Once I am in, there is no further discretion on my part. I ONLY sell a stock when my VERY favorite indicator says to.

I know what's coming next...what's the indicator? I don't want to say because: #1. it' proprietary, in that I created it, and #2. I don't want other traders entering and exiting stocks at the same times that I do because these are always Penny stocks (under $5 and preferably under $1) and they are often easy to push around.

I had 500,000 shares INTV stock that was trading at $.06/share, I push it all the way down to $.04 just getting out 100,000 shares at a time until all 500,000 were gone. Once I was out, then it almost immediately went back up to $.06

ALSO, Position Trading this way, I never short stocks, however, I do when day trading.

* I can tell you this about my indicator. It very closely mimics 2 EMAs crossing each other, such as: 5 & 8, 8 & 11, 6 & 9, 7 & 10, 11 & 14, etc...basically any 2 EMA's from the 2EMA to the 14EMA that are about 3 numbers apart.
Always a Student, Never a Master - Emulate What Works
  • #6,488
  • Feb 5, 2021 11:50am Feb 5, 2021 11:50am
Quoting sicario
Hello RobinHood Are you still working with the same conditions ? Or you develop the strategy On new conditions . Thanks
Same ones.
Always a Student, Never a Master - Emulate What Works
  • #6,489
  • Feb 5, 2021 1:05pm Feb 5, 2021 1:05pm
Quoting RobinHood
{quote} Same ones.
Hey Rh I’m using your first template not the tdmms one and it’s working out great using only the daily for bias and entering on 4 hour. But quick question could you send over the rsi file it’s not showing up on the zip folder you had on the first page of this thread I had to find a different rsi but it seems like it’s not the same one thanks!!
  • #6,490
  • Feb 5, 2021 2:01pm Feb 5, 2021 2:01pm
It is the standard RSI indicator included on MT4. RSI set to 14

It can't be not showing up in the zip file unless you have deleted it, or changed the name of it. But I will attach it just in case you can't locate it on your MT4.

Attached File(s)
File Type: ex4 RSI.ex4   11 KB | 333 downloads
Attached File(s)
File Type: mq4 RSI.mq4   5 KB | 438 downloads
Always a Student, Never a Master - Emulate What Works
  • #6,491
  • Feb 5, 2021 2:27pm Feb 5, 2021 2:27pm
Quoting RobinHood
It is the standard RSI indicator included on MT4. RSI set to 14 It can't be not showing up in the zip file unless you have deleted it, or changed the name of it. But I will attach it just in case you can't locate it on your MT4. {file}{file}
wiat rh there’s two files which one is for the on you have on template?
  • #6,492
  • Edited 5:21pm Feb 5, 2021 3:39pm | Edited 5:21pm
Quoting JV1423
{quote} wiat rh there’s two files which one is for the on you have on template?
It's too much to explain why. Just install both. Only one will show up.
Always a Student, Never a Master - Emulate What Works
  • #6,493
  • Feb 5, 2021 4:21pm Feb 5, 2021 4:21pm
Quoting RobinHood
{quote} I kind of cheat. I have other traders find them for me like they're my bird dogs. When I am looking for a new stock to trade, I go to a website that shows stocks in the "Pre-Market" making big up moves like: https://www.benzinga.com/premarket/ I take one of those stocks with 4 symbols (NASDAQ stocks) that is moving up big. I then go to StockTwits and look at that symbol, for example: https://stocktwits.com/symbol/ctrm I then scroll through the messages to see what OTHER stocks traders are RAVING about. Then, I run those...
Enough said

Thanks RH, have a good weekend!.

Cheers.
  • #6,494
  • Feb 5, 2021 5:20pm Feb 5, 2021 5:20pm
Here's one of my stocks that I only took a small position in on 1/20/2021 that was up 91% today. I got in at less than a 1/3 of the price that it is now.

Attached Image (click to enlarge)
Click to Enlarge Name: GTLL Stock.PNG Size: 75 KB


Should you want to, you can look up the some of my other stocks on the page below and see how they did today. I have more than this, it's just the most that will show on the screen at one time.

Attached Image (click to enlarge)
Click to Enlarge Name: Stocks.PNG Size: 51 KB
Always a Student, Never a Master - Emulate What Works
  • #6,495
  • Feb 10, 2021 9:15am Feb 10, 2021 9:15am
@robinhood Hey robin hood been following the exact same method from post one and I want to make sure I am doing this right in terms of entering a trade.

For entering trades I look at the daily to see for a trend if it's going down I only take either continuation trades going down or cross over trades going down and vice versa for longs. However, if the daily is showing sights of a reversal such as a couple of candles going up like blue candles then it's safe to say that the cross-over trades going the other direction is safe and I enter on the four hours for each trade. There are trades I missed this week on cross overs due to the fact that I keep having the mindset of support and resistance. For example, choppy had signs of bullish uptrend on the daily however when I went down to the four-hour chart it had the typical s/r lines, and my mentality was shifted and I end up not taking cross-over trades. I wanted to see your perspective on my entry rules and how you see chfjpy
  • #6,496
  • Feb 14, 2021 8:01am Feb 14, 2021 8:01am
Quoting JV1423
@robinhood Hey robin hood been following the exact same method from post one and I want to make sure I am doing this right in terms of entering a trade. For entering trades I look at the daily to see for a trend if it's going down I only take either continuation trades going down or cross over trades going down and vice versa for longs. However, if the daily is showing sights of a reversal such as a couple of candles going up like blue candles then it's safe to say that the cross-over trades going the other direction is safe and I enter on the four...
1. Sorry for the late reply, I don't visit here very often right now as I am busy trading stocks full-time. Stocks are so much easier to trade than the Forex because the Forex often chops and grinds you, and most stocks don't. At least not the way that I trade them.

2. You do not NEED to only take entries if they are in agreement with a higher time frame. It's a matter of personal choice. Sometimes I do, sometimes I don't.
When trading stocks I ALWAYS look at 2 time frames higher before I enter, but the Forex moves quite differently than stocks do.

3. Forget about S/R. Using it is no better than just flipping a coin in my opinion.

4. As far as the CHFJPY goes...I've never liked trading the CHF so I don't have a good feel for how it moves. As I look at the 4 hour chart today, I would be out when the Stochastic crossed below the 50 line.

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 4 Hour.PNG Size: 87 KB

5. Let me make this as simple as possible...

A) When all of the lines in the lower window cross above the 50 line, you go Long.

B) When all of the lines in the lower window cross below the 50 line, you go short.

C) When any of those lines cross the 50 line in the opposite way, you exit.
Always a Student, Never a Master - Emulate What Works
  • #6,497
  • Feb 15, 2021 5:27am Feb 15, 2021 5:27am
Hi, Robin. Thanks for sharing this method. How do you think about
Setting profit = stoploss = 2bar back (R:R=1)
And closing trades when 2 or more indicators change
Have you ever try it? Does it make profit in long run?
Thanks
  • #6,498
  • Edited 3:48pm Feb 15, 2021 3:09pm | Edited 3:48pm
Quoting alpha4train
Hi, Robin. Thanks for sharing this method. How do you think about Setting profit = stoploss = 2bar back (R:R=1) And closing trades when 2 or more indicators change Have you ever try it? Does it make profit in long run? Thanks
It is better for you to test it out. Say over a 3 - 5 years window, with your preferred time frame.
However, does it make sense to set a R:R =1? Do you want a higher win rate or a higher roi?
Trend following typically wont make sense by setting a fixed win rate since the trend can go as far as it can be. You'll get the idea after taking a look at S&P, Bitcoin or USDTRY.
Attached Image
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #6,499
  • Edited 3:32pm Feb 16, 2021 6:30am | Edited 3:32pm
Quoting alpha4train
Hi, Robin. Thanks for sharing this method. How do you think about Setting profit = stoploss = 2bar back (R:R=1) And closing trades when 2 or more indicators change Have you ever try it? Does it make profit in long run? Thanks
Yes, that's normally how I exit a trade (using 2 or more indicators), and very often I only use one indicator to exit a trade.
Always a Student, Never a Master - Emulate What Works
  • #6,500
  • Feb 16, 2021 7:03am Feb 16, 2021 7:03am
Quoting alpha4train
Hi, Robin. Thanks for sharing this method. How do you think about Setting profit = stoploss = 2bar back (R:R=1) And closing trades when 2 or more indicators change Have you ever try it? Does it make profit in long run? Thanks
In my opinion, you should use a minimum of 1.5:1 and preferably 2:1.

I personally don't trade this way. I abide by the premise that: "You never know how far a move can go" so you ride it for as long as you can.

In the Forex, I typically only exit when 2 or more indicators turn against me.

In stocks, I have a proprietary indicator that's so good that I use it alone to enter and exit. Just to be perfectly clear, I need quite a few other criteria to align BEFORE I use this indicator to enter and exit.

This same indicator can be used on the Forex but it doesn't work nearly well on the Forex as it does on stocks. And that's because the stocks I trade, I only trade long, and they must already be in an uptrend before I enter.

It's basically the same concept as a Continuation trade (as I described on page 1 of this thread) but I don't NEED a pullback to happen before I enter.
Always a Student, Never a Master - Emulate What Works
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