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Trading Made Simple(r)

  • #6,781
  • Aug 23, 2021 8:58pm Aug 23, 2021 8:58pm
Hi RH, first of all I would like to thank you for sharing your very helpful method. RH let me ask if you are currently using the template in #1 or are you using the recently updated template. Can you let me know?
Thank you!
  • #6,782
  • Aug 23, 2021 9:25pm Aug 23, 2021 9:25pm
Quoting RobinHood
{quote} Thank you very much for the kind words. It gives me great pleasure when I hear that I have helped other traders to succeed. Plus, your trading advice is very good. Thanks for posting!!
Nothing sir! I am happy to have had access to your RH method. It's simple and perfect!!!
  • #6,783
  • Aug 23, 2021 9:31pm Aug 23, 2021 9:31pm
Quoting senkyoshi
Thanks for your comments Jonhathan123. {quote} Could you please show some charts with what you are teaching us? Pictures are worth 1,000 pips. Hehe!
This photo is only worth 500 pips but it shows the power of the strategy. You see if you follow the RH method you have 5 trades, of which there are 3 big wins 1 trade on SL and 1 trade on BE. The whole downtrend on the D1 time frame and the horizontal lines gives you 500 green pips. Please pay attention to the structure of the time frame higher than the one you trade 1 time frame. And if you have time you can go down to H1 to make a nice entry with the best stop loss.
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  • #6,784
  • Aug 24, 2021 1:16am Aug 24, 2021 1:16am
Thanks for the reply Jon.
I have few more questions:

  1. So, you are using the high and lows of trend as support and resistance?
  2. How do you use "the 50% fibonanci retracement levels"?
  3. What have you found to be an effective exit strategy for this "Simplr" method from your experience?
  4. Are you trading on the 4 hour?
  5. What did you mean that you are now trading funds?

I have been trading on the daily due to my busy signal.
My biggest problem is knowing when to exit.

Thanks again.

  • #6,785
  • Aug 24, 2021 4:56am Aug 24, 2021 4:56am
Those are my trades from 16/08/2021 to 20/08/2021 POSTS:6768,6770,6777 according to ROBINHOOD rules.
a)I trade daily timeframe live,and 15min timeframe demo.I backtest manually every week the daily and every morning the 15 min.b) For daily i draw S/R on weekly and monthly chart.c)supply and demand areas.Of course multi time frame analysis.Attachment gAttachment gAttachment gAttachment gAttachment g
  • #6,786
  • Aug 24, 2021 5:00am Aug 24, 2021 5:00am
Those are my trades from 16/08/2021 to 20/08/2021 POSTS:6768,6770,6777 according to ROBINHOOD rules.
a)I trade daily timeframe live,and 15min timeframe demo.I backtest manually every week the daily and every morning the 15 min.b) For daily i draw S/R on weekly and monthly chart.c)supply and demand areas.Of course multi time frame analysis
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  • #6,787
  • Edited 6:06am Aug 24, 2021 5:39am | Edited 6:06am
Quoting trade1969
Those are my trades from 16/08/2021 to 20/08/2021 POSTS:6768,6770,6777 according to ROBINHOOD rules. a)I trade daily timeframe live,and 15min timeframe demo.I backtest manually every week the daily and every morning the 15 min.b) For daily i draw S/R on weekly and monthly chart.c)supply and demand areas.Of course multi time frame analysis{image}{image}{image}{image}{image}
Can you share how to exit the trade, and are you using the template in #1 or the recently updated template?
  • #6,788
  • Aug 24, 2021 9:47am Aug 24, 2021 9:47am
Quoting senkyoshi
Thanks for the reply Jon. I have few more questions: So, you are using the high and lows of trend as support and resistance? How do you use "the 50% fibonanci retracement levels"? What have you found to be an effective exit strategy for this "Simplr" method from your experience? Are you trading on the 4 hour? What did you mean that you are now trading funds? I have been trading on the daily due to my busy signal. My biggest problem is knowing when to exit. Thanks again.
I answer your questions:
1: I use the D1 trend high and low as support and resistance levels for H4 and also my entries. Follow the trend of the higher bracket you will have big win.
2: I use 50% Fibonanci retracement for 1 swing frame I trade
3: First of the RH rules you need to follow the entry and exit levels of the trade. Then when the price has run 1R I will pull BE to preserve when there is a problem. Try to keep your win as big as possible until you see the exit according to the RH method It is the intersection of EMA 5 Shift 2 and HMA. Or default TP 2R.
4: I am trading for FTMO fund and Funding talent. I also just use this strategy and I trade Swing H4
Here is a picture of 50% fibonanci strength. here we have 1 SL 1BE and 1 trade 300 pips.
Wishing you lots of green pips. It is important that you understand and have faith in the strategy even though it has 10 consecutive losing trades. Trust me the RR ratio of this method I usually get is 3R.
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  • #6,789
  • Aug 24, 2021 10:46am Aug 24, 2021 10:46am
Quoting tienphuc2910
{quote} Can you share how to exit the trade, and are you using the template in #1 or the recently updated template?
I use template #1#. From the smTMMS Oscillator_v7.3.1, I kept only the dots, so it's easier for me to see when the HMA change colour. I get out of the trade when the candle changes colour in the opposite direction, and the HMA dot is the same colour.BUT...I will suggest you, read everything from page one to the end and you will have all the answers. For sure you are on the right path...
  • #6,790
  • Aug 24, 2021 11:12am Aug 24, 2021 11:12am
Quoting tienphuc2910
{quote} Can you share how to exit the trade, and are you using the template in #1 or the recently updated template?
As you will read,in this method there are many ways to open a trade or to exit from a trade.This is only one way.
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  • #6,791
  • Aug 24, 2021 11:19am Aug 24, 2021 11:19am
Quoting tienphuc2910
Hi RH, first of all I would like to thank you for sharing your very helpful method. RH let me ask if you are currently using the template in #1 or are you using the recently updated template. Can you let me know? Thank you!
You're welcome.

I am not currently actively trading the Forex right now because I am trading stocks, but if I was, I would just as happily use either one as they are both very good. Choose whichever one that speaks to you the most, or use both. I have often done that just to get 2 different perspectives should I need to.

Why am I only trading stocks right now? Because I have found that by trading different instruments at the same time, I tend to lose focus and not do as well on either vs. if I only trade one type.

For many years I only traded Futures, and only Commodities, and only the Forex, and only stocks, and my next move will likely be trading only Cryptos...and I go back and forth purely out of boredom. For me, it revives the excitement when I switch from one to the other. Same thing with trading platforms, I use TradeStation, TC2000, TradingView, and MT4.

The great thing is, what I use on my charts, works on everything.
Always a Student, Never a Master - Emulate What Works
  • #6,792
  • Aug 24, 2021 11:20am Aug 24, 2021 11:20am
Quoting trade1969
{quote} As you will read,in this method there are many ways to open a trade or to exit from a trade.This is only one way.{image}
That's exactly right. A professional always has many tools in his toolbox and traders should too.
Always a Student, Never a Master - Emulate What Works
  • #6,793
  • Aug 24, 2021 11:41am Aug 24, 2021 11:41am
Here's a Daily and a Weekly Chart of Apple. Below is how I trade position trade and day trade stocks.

I would bet that anyone who has read and understands what so many of us have shared in this thread could easily read these charts and successfully trade stocks like Apple.

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BTW, my stock charts look different than my forex charts because I don't have the same indicators available to me, nor the same capabilities as I do with MT4.
Always a Student, Never a Master - Emulate What Works
  • #6,794
  • Aug 24, 2021 11:53am Aug 24, 2021 11:53am
Quoting trade1969
{quote} I use template #1#. From the smTMMS Oscillator_v7.3.1, I kept only the dots, so it's easier for me to see when the HMA change colour. I get out of the trade when the candle changes colour in the opposite direction, and the HMA dot is the same colour.BUT...I will suggest you, read everything from page one to the end and you will have all the answers. For sure you are on the right path...
Thanks for the reply! I have been following the topic since the beginning, but recently there have been new templates, I don't know which one to use. By the way can you show me how to make hma into dots?
  • #6,795
  • Aug 24, 2021 1:06pm Aug 24, 2021 1:06pm
Quoting tienphuc2910
{quote} Thanks for the reply! I have been following the topic since the beginning, but recently there have been new templates, I don't know which one to use. By the way can you show me how to make hma into dots?
Sure....

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  • #6,796
  • Aug 24, 2021 1:35pm Aug 24, 2021 1:35pm
Quoting trade1969
{quote} As you will read,in this method there are many ways to open a trade or to exit from a trade.This is only one way.{image}
It seems that this entry is not according to the rule in #1, the HMA and the yellow line have not intersected and The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts, do you mind when Can you explain it to me, thank you very much
  • #6,797
  • Aug 24, 2021 5:43pm Aug 24, 2021 5:43pm
Quoting tienphuc2910
{quote} It seems that this entry is not according to the rule in #1, the HMA and the yellow line have not intersected and The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts, do you mind when Can you explain it to me, thank you very much
This method is not a solid system.There are many options for entries and exits.Yes you are right.You could wait for the next candle to form before entry or exit.It is more conservative.My indicators showed that those entries was good entries for my SYSTEM.(the early bird gets the worm).Study from old charts,or backtest,to understand how the indicators move...Read about the indicators you use.Trade where your higher time frame shows you.Check for important S/R levels.Help the method with concepts like MOMENTUM and VOLUME.You will slowly -slowly build your sollid rools and this method will become YOUR SYSTEM.and backtest,backtes backtest.
This is how i see the trading,general speaking.For sure im not super trader, but every day try to give my best.
  • #6,798
  • Aug 24, 2021 8:22pm Aug 24, 2021 8:22pm
Quoting trade1969
{quote} This method is not a solid system.There are many options for entries and exits.Yes you are right.You could wait for the next candle to form before entry or exit.It is more conservative.My indicators showed that those entries was good entries for my SYSTEM.(the early bird gets the worm).Study from old charts,or backtest,to understand how the indicators move...Read about the indicators you use.Trade where your higher time frame shows you.Check for important S/R levels.Help the method with concepts like MOMENTUM and VOLUME.You will slowly -slowly...
Thanks for your very honest answers!!!
  • #6,799
  • Aug 24, 2021 10:29pm Aug 24, 2021 10:29pm
Thanks again Jonhathan123. I will think about your answers.
I am close. I have read this entire thread 3 times now over the past year and a half.
I am now fine tuning before I go live.
  • #6,800
  • Aug 25, 2021 7:41am Aug 25, 2021 7:41am
USDCAD entry based on H1 analysis, hope the trend continues in H4 TF. Based on page one explanation. Trying to catch up as this strategy is evolved through times.
Many thanks to RH for detailed explanation of this strategy, it really looks promising, for me especially who still struggle with consistency.
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