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Trading Made Simple(r)

  • #6,681
  • Apr 10, 2021 5:36am Apr 10, 2021 5:36am
Dear RobinHood,

Thank you in advance for sharing your trading methods!
I've a question regarding confirming the trade in both lower and higher timeframes.
When you say that you check the other timeframes, if they match the same direction of the H4 timeframe, which indicator(s) do you look for?
Only RSI (above or below 50)? or all of them?

Thank you again.
KR
Andrés P.
  • #6,682
  • Apr 10, 2021 3:09pm Apr 10, 2021 3:09pm
Quoting Malinga
{quote} Hi RobbinHood, Thank you for your awesome thread. What is Swingman's indicator? Can you or anyone share it here?
Here it is:

Attached File(s)
File Type: mq4 smTMMS Oscillator_v7.3.1.mq4   27 KB | 870 downloads
Always a Student, Never a Master - Emulate What Works
  • #6,683
  • Apr 10, 2021 3:13pm Apr 10, 2021 3:13pm
Quoting apintos
Dear RobinHood, Thank you in advance for sharing your trading methods! I've a question regarding confirming the trade in both lower and higher timeframes. When you say that you check the other timeframes, if they match the same direction of the H4 timeframe, which indicator(s) do you look for? Only RSI (above or below 50)? or all of them? Thank you again. KR Andrés P.
There is no one perfect answer because every trader is somewhat different...so whatever ever YOU use to determine how you enter on the lower time frame, use the same criteria on the higher time frame.
Always a Student, Never a Master - Emulate What Works
  • #6,684
  • Apr 12, 2021 11:14am Apr 12, 2021 11:14am
Hi, thank you for your very good article, because my job does not allow 4h frame signal checking so I want to trade the daily frame, can you show me how to trade the daily frame?
I am trying to add the genesis matrix indicator, can you tell me a little tutorial about this indicator?
. thank you
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  • #6,685
  • Apr 12, 2021 2:10pm Apr 12, 2021 2:10pm
Quoting leduc610
Hi, thank you for your very good article, because my job does not allow 4h frame signal checking so I want to trade the daily frame, can you show me how to trade the daily frame? I am trying to add the genesis matrix indicator, can you tell me a little tutorial about this indicator? . thank you {image}
Hi,

Before using each and every indicator, pls study and understand it first.

For example, if you have stochastic in your system, would adding William's R make sense? Sample chart attached below for some ideas.
The same goes to the genesis indicators you're adding.
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Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #6,686
  • Apr 13, 2021 7:05pm Apr 13, 2021 7:05pm
Quoting RobinHood
{quote} There is no one perfect answer because every trader is somewhat different...so whatever ever YOU use to determine how you enter on the lower time frame, use the same criteria on the higher time frame.
a day with 6 4-hour frames, I only track 3/6 of the 4-hour frame ... that has a lot to do with my trading in this system
how to recognize market accumulation to avoid losing orders
thanks you very much
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  • #6,687
  • Edited May 4, 2021 3:20am May 3, 2021 5:12pm | Edited May 4, 2021 3:20am
It is very quiet these days.
I just long AUDUSD with this approach. Let's say what will happen.
RobinHood, could you please tell me why you didn't use a long term moving average eg. MV100, and above MV100 long only. thx.
If I wait RSI about 50, It normally costs 3 or 4 blue bars. If long when quick stoc cross slow stoc, and above MV100, I can jump in earlier.

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Stop lossed
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Comments please
  • #6,688
  • May 4, 2021 8:12am May 4, 2021 8:12am
AUDUSD H4 short, after shor signal
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  • #6,689
  • May 4, 2021 8:51am May 4, 2021 8:51am
Quoting dbsdsun
AUDUSD H4 short, after shor signal {image}
AUDUSD is ranging both from daily and 4h, rather than trend trading. you're better off trading reversal on this to avoid the chop.
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #6,690
  • May 4, 2021 9:05am May 4, 2021 9:05am
Quoting WindFreeze10
{quote} AUDUSD is ranging both from daily and 4h, rather than trend trading. you're better off trading reversal on this to avoid the chop.
I'm also thinking this question. Trending is from ranging. should I take every signal, and finally catch the trend? or should I jump in after seeing a trend?
Or how can I tell a trend at the beginning.
  • #6,691
  • May 4, 2021 9:11am May 4, 2021 9:11am
Quoting WindFreeze10
{quote} AUDUSD is ranging both from daily and 4h, rather than trend trading. you're better off trading reversal on this to avoid the chop.
AUDUSD Daily chart, is this a divergence?
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  • #6,692
  • May 4, 2021 10:11am May 4, 2021 10:11am
Quoting dbsdsun
It is very quiet these days. I just long AUDUSD with this approach. Let's say what will happen. RobinHood, could you please tell me why you didn't use a long term moving average eg. MV100, and above MV100 long only. thx. If I wait RSI about 50, It normally costs 3 or 4 blue bars. If long when quick stoc cross slow stoc, and above MV100, I can jump in earlier. {image} Stop lossed {image} Comments please
Because I personally have never found a long term moving average in the Forex that had a higher than average rate of reliability.

I am not saying they don't exist, it's just that I have never seen one (in the Forex).

In stocks, I do use two. The 150 SMA and the 200 SMA. And they only work fairly often because millions of people believe they work, ESPECIALLY the 200 SMA.

In the Forex, I have not yet seen that to be the case.
Always a Student, Never a Master - Emulate What Works
  • #6,693
  • May 4, 2021 10:43am May 4, 2021 10:43am
Quoting dbsdsun
{quote} I'm also thinking this question. Trending is from ranging. should I take every signal, and finally catch the trend? or should I jump in after seeing a trend? Or how can I tell a trend at the beginning.
1. You should only take every signal when you have back-tested your trading rules and found them to be profitable.

2. It's almost impossible to consistently and profitably catch the beginning of every trend. I take comfort in using the philosophy of...

"You can't always get in at the beginning, and you can't always get out at the top. The best you can do is try to take a piece of the middle"

That way I don't beat myself up for missing out on trading very near either extreme.

Otherwise...

3. The version of the Hull Moving Average that I included in the #1 template on Page 1 is the best indicator that I have found to help you get in early on a trend, but it gets beat up when the market is chopping. That's why you should not use it alone.

4. You can also trying using 3 short moving averages, such as: 3, 6, 9 ema...3, 5, 8 ema...5, 7, 9 ema. etc. When the 2 shorter emas cross the longest ema, that usually gets you in early on a potential new trend. But again, when the market chops, nothing works very well.

* I use the "middle length" ema to show me pullbacks near to OR in between the other 2 emas because I like best trading the the resumption of a trend...or what I call a Continuation Trade.

Here's some examples:

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Always a Student, Never a Master - Emulate What Works
  • #6,694
  • May 4, 2021 12:23pm May 4, 2021 12:23pm
Quoting dbsdsun
{quote} I'm also thinking this question. Trending is from ranging. should I take every signal, and finally catch the trend? or should I jump in after seeing a trend? Or how can I tell a trend at the beginning.
Thing is, you'll never be able to catch the bottom to the top.
Rather than jumping in whenever you see a trend, check if the overall structure is bearish or bullish.

As for Audusd, notice the average of the closing price is at 0.77465 on daily, and the average of closing price for a longer period is 0.7675 (using 9 and 26 days as an example), where both are not making any signs of breakout, support and resistance are also very close in such zones. Perhaps a better idea is to wait for it to break the structure first before taking long or short. For the looks of it, it might not happen within this week, plus you might want to stay out from news event.

But agree with RH, you should backtest the system first with the entry and exit condition to have more faith and confidence, as to the question of how to handle false breakout, work on position sizing. Nothing matters more than position sizing tbh.
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #6,695
  • May 5, 2021 7:11am May 5, 2021 7:11am
AUDUSD short stop losed
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  • #6,696
  • May 5, 2021 7:16am May 5, 2021 7:16am
EURUSD H4 short, I think it is a continuation trade
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EURUSD Daily
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EURUSD M5
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  • #6,697
  • May 5, 2021 8:11am May 5, 2021 8:11am
I really appreciate RobinHood's contribution. Some people say they can not always monitor a trade. Therefore, I code an EA to look after trades according to RobinHood's rules in post #1. such as, adjust stop lose at 2 previous high/low, 2 conditions break then close a trade.

Attached Image

You can select with Time frame you want the EA to monitor. If you select 'NON', then the trade is not monitored.

This is my current settings. You may need to adjust "Window, Corner, HorizPos, HorizAdjust ..." for display.
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Attached File(s)
File Type: ex4 SimplerStopOrClose.ex4   57 KB | 267 downloads

Hope it can help others.
  • #6,698
  • Edited 1:08pm May 7, 2021 7:49am | Edited 1:08pm
CADCHF daily stop loss, no win no loss, this trade costs 5 days, and break even. There are many times to win, should I wait till stop loss?
I follow the rule in post#1, and stop loss is the low of previous two bars.
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  • #6,699
  • May 7, 2021 8:58am May 7, 2021 8:58am
Quoting dbsdsun
CADCHF daily stop loss, no win no loss, this trade costs 5 days, and break even. There are many times to win, should I wait till stop loss? {image}
Which rules (From Lauras Roadmap) are you using to trade---you may have already missed many opportunities ---so the question to ask yourself is where did I place my stop loss after entry.?????????????????????????

If you have failed to plan your trade------you are planning to fail at trading.

Sometimes the truth really hurts, but it may save whatever funds you have left.

Reread all of Laura's journal, over and over until you can develop rules which allow you to make good entries and exits
  • #6,700
  • May 7, 2021 1:06pm May 7, 2021 1:06pm
Quoting btrfx1
{quote} Which rules (From Lauras Roadmap) are you using to trade---you may have already missed many opportunities ---so the question to ask yourself is where did I place my stop loss after entry.????????????????????????? If you have failed to plan your trade------you are planning to fail at trading. Sometimes the truth really hurts, but it may save whatever funds you have left. Reread all of Laura's journal, over and over until you can develop rules which allow you to make good entries and exits
this is "Trading Made Simple(r)", I follow the rule in post#1.
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