Thank You.
- #6,802
- Aug 26, 2021 9:21am Aug 26, 2021 9:21am
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. {image} {image}
- #6,803
- Aug 26, 2021 9:23am Aug 26, 2021 9:23am
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. {image} {image}
- #6,806
- Aug 26, 2021 3:35pm Aug 26, 2021 3:35pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #6,807
- Aug 26, 2021 3:44pm Aug 26, 2021 3:44pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #6,811
- Aug 27, 2021 6:18am Aug 27, 2021 6:18am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #6,812
- Aug 27, 2021 6:19am Aug 27, 2021 6:19am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #6,813
- Aug 27, 2021 6:23am Aug 27, 2021 6:23am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #6,815
- Edited 7:39pm Aug 27, 2021 1:01pm | Edited 7:39pm
Hi everyone , i am new (trying to learn the system) .
first I want to say thanks to BigE and RH for the simple system.
as i have read alot from bigE thread and combine with this SimpleR thread.
im having fun reading all the posts.
i noticed BigE mentioned he didnt like to trade on market opening session
i would like to ask RH , did you do so too? (if i missed some comment you have made , im sorry.)
i also noticed from page1’s example , and post
#6703 , no matter if its crossover or continuation. the entry point should be right after/just above a candle or two candle with NO WICK (ofcourse with consideration of every indicator supporting) <- i hope my summary is correct .
sincerely appreciate if you could give me a confirmation and i will try to do a demo acc with your tips for a new trader like me to do continution trade on 4h chart only.
attached some demo trade, is this a correct way to entry ? i entry at B candle 2 (a little too late) . Should i have entered at A instead ?
or wait for another no wick candle , as candle 1 has a little wick.
i also checked 1D chart , its in the uptrend . So i decided to have a go . Hope im not making a foul rule.
welcoming any comment.
thank you
Ps: pardon my poor English as its not my first language.
first I want to say thanks to BigE and RH for the simple system.
as i have read alot from bigE thread and combine with this SimpleR thread.
im having fun reading all the posts.
i noticed BigE mentioned he didnt like to trade on market opening session
i would like to ask RH , did you do so too? (if i missed some comment you have made , im sorry.)
i also noticed from page1’s example , and post
#6703 , no matter if its crossover or continuation. the entry point should be right after/just above a candle or two candle with NO WICK (ofcourse with consideration of every indicator supporting) <- i hope my summary is correct .
sincerely appreciate if you could give me a confirmation and i will try to do a demo acc with your tips for a new trader like me to do continution trade on 4h chart only.
attached some demo trade, is this a correct way to entry ? i entry at B candle 2 (a little too late) . Should i have entered at A instead ?
or wait for another no wick candle , as candle 1 has a little wick.
i also checked 1D chart , its in the uptrend . So i decided to have a go . Hope im not making a foul rule.
welcoming any comment.
thank you
Ps: pardon my poor English as its not my first language.
- #6,819
- Edited Aug 29, 2021 4:50am Aug 28, 2021 11:01am | Edited Aug 29, 2021 4:50am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} Thank you. What I mean was what you think systems that DON'T erode are based on. I think that should mostly come down to big players' moves that become visible.
and/or
Well defined "Supply and Demand" zones based on the higher time frames.
and/or
Sometimes commonly used moving averages like: 20 ema, 50 ema 100 ema, and the 200 ema.
-----------------
And...most importantly what I say in my profile:
"The absolute best trading advice that I could give someone is to buy the resumption of an up trend after the first pull-back. And vice-versa for short trades"
* If I had to define the best way that I locate these, I would say using some combination of moving averages as show below (you do not need the dots to see this happen, only the moving averages). *Because I know someone will ask, in the image below, I happen to be using the 4, 7, 13, and 18 ema on a weekly chart.
Also, Personally, I find that trading weekly charts usually are the most profitable, and in my opinion, each time frame you trade down lower, the lower the profit.
Always a Student, Never a Master - Emulate What Works
