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Trading Made Simple(r)

  • #7,121
  • Edited 11:24am Dec 5, 2021 9:48am | Edited 11:24am
Quoting KonradGER
{quote} Hey This is a good video which demonstrates an easy and efficent way to draw orderblocks. https://www.youtube.com/watch?v=7czl8ajRn9E&t=8s You can mark those Zones then on the chart. These are really important zones. Every trader should know this stuff in 2021, but thats just my opinion. See for example the Screenshot. The first one is the screenshot I already posted. Where you see price is just crashing into the H4 Orderblock. The second Screenshot shows the Creation of the Orderblock, this orderblock is already 1,5 Years...
Can you or anyone please share the QQE of RSI indicator?
  • #7,122
  • Dec 5, 2021 11:45am Dec 5, 2021 11:45am
KonradGER, I watched the video.. and the start of the orderblocks looks like to me like a 1,2,3 pattern, could you tell us what's the difference? if any?
"Great Men are not born great, They Grow Great."
  • #7,123
  • Dec 5, 2021 1:56pm Dec 5, 2021 1:56pm
Quoting Abouelzelouf
{quote} Can you or anyone please share the QQE of RSI indicator?
i got this one
Attached File(s)
File Type: ex4 QQE new histo + alerts.ex4   8 KB | 268 downloads
File Type: mq4 QQE new histo + alerts.mq4   6 KB | 357 downloads
  • #7,124
  • Dec 5, 2021 2:07pm Dec 5, 2021 2:07pm
Quoting PipsGlory89
{quote} Hey Konrad how come my imbalance indicator is not showing the bottom order block on AU? Is this because the market is closed? I have attached a screenshot. Thanks for your feedback and also for providing value to this forum. {image}
Hi PipsGlory89,

Sorry I did not see your post. The free imbalance indicator only shows past und existing market imbalances or inefficiencies. It does not show orderblocks. You can use them for confluences and TP Targets. Set your ""Start Calculation from Bar" to 2000, that should be more then enough.

If you want to have orderblocks on the chart, you either use a candlestick chart and draw them in yourself, or you use free indicator for orderblocks.

I personally use a payed indicator, which is showing me both. (Imbalances and OB) (No work with drawing then in manually.)

I just found one here, it is for free also: https://www.mql5.com/en/market/produ...google.com%2F#

But never tried this one. It is important not just to see recent ones, but also "old" OBs, which have not been taken out.
  • #7,125
  • Dec 5, 2021 2:11pm Dec 5, 2021 2:11pm
Quoting MyProfit
KonradGER, I watched the video.. and the start of the orderblocks looks like to me like a 1,2,3 pattern, could you tell us what's the difference? if any?
Hello MyProfit,

sorry I can't tell you the difference because I do not use patterns like 1,2,3 in trading, and I don't know anything about these patterns.
  • #7,126
  • Dec 5, 2021 3:52pm Dec 5, 2021 3:52pm
Quoting 40PipsAlan
{quote} i got this one {file} {file}
Thank you @40PipsAlan for sharing the indicator.
This is different than the one that KonradGER has on his chart.
  • #7,127
  • Dec 5, 2021 10:44pm Dec 5, 2021 10:44pm
Quoting Abouelzelouf
{quote} Thank you @40PipsAlan for sharing the indicator. This is different than the one that KonradGER has on his chart.
Hey Abouelzelouf,

this is one I'm using.
Attached File(s)
File Type: ex4 QQE_new (arrows + alerts).ex4   68 KB | 455 downloads
  • #7,128
  • Dec 5, 2021 11:06pm Dec 5, 2021 11:06pm
This is a livetrade from EUR/JPY im currently in. I'm currently trading out of Bali, so I can a nice look at the asian session.

I choose the demand orderblock as the profit Target. I place the TP a few Pips above of it. If the Color of the Bars is changing before the Profit Target, I get out, otherwise I stay in until it hits the Target. The Target is now 120 Pips.

Let's see if it goes right, if not, I simply accept it and look for another opportunity. Who cares. At the End it is a numbers game.
Attached Image (click to enlarge)
Click to Enlarge Name: Example 5.jpg Size: 408 KB
  • #7,129
  • Dec 6, 2021 12:16am Dec 6, 2021 12:16am
Quoting KonradGER
{quote} Hey Abouelzelouf, this is one I'm using. {file}
Thank you very much.
  • #7,130
  • Dec 6, 2021 12:42am Dec 6, 2021 12:42am
Quoting KonradGER
{quote} Hey This is a good video which demonstrates an easy and efficent way to draw orderblocks. https://www.youtube.com/watch?v=7czl8ajRn9E&t=8s You can mark those Zones then on the chart. These are really important zones. Every trader should know this stuff in 2021, but thats just my opinion. See for example the Screenshot. The first one is the screenshot I already posted. Where you see price is just crashing into the H4 Orderblock. The second Screenshot shows the Creation of the Orderblock, this orderblock is already 1,5 Years...
Thank you for the explanation!
  • #7,131
  • Dec 6, 2021 4:12am Dec 6, 2021 4:12am
Quoting KonradGER
This is a livetrade from EUR/JPY im currently in. I'm currently trading out of Bali, so I can a nice look at the asian session. I choose the demand orderblock as the profit Target. I place the TP a few Pips above of it. If the Color of the Bars is changing before the Profit Target, I get out, otherwise I stay in until it hits the Target. The Target is now 120 Pips. Let's see if it goes right, if not, I simply accept it and look for another opportunity. Who cares. At the End it is a numbers game. {image}
Went out of this one.
  • #7,132
  • Dec 13, 2021 1:34pm Dec 13, 2021 1:34pm
Has anyone used TV screener to find stocks that would be trending and good to get in according to RH's rules?
I've been using something like this, but can't say I'm absolutely happy with what I see.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 79 KB
  • #7,133
  • Dec 13, 2021 1:38pm Dec 13, 2021 1:38pm
An example of what I found with this filter.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 184 KB
  • #7,134
  • Dec 14, 2021 2:32pm Dec 14, 2021 2:32pm
Quoting KonradGER
{quote} Went out of this one.
KonradGER, hope you're well and thank you for your recent contributions to this thread, i've enjoyed reading them. I had a few questions, if you dont mind.

I saw you previously mentioned you trade daily charts, have you dropped these or do you still find success with those? I ask as I try to trade longer timeframes to work around university studies.

Secondly, I wondered how you use stop-losses? RH suggests trailing by the low of the second candle back, I do this, however I find I am often stopped out of what was otherwise a good trade, which then continues in my direction.

Finally, If you recieve a signal, with all the entry requirements fulfilled, in the direction of your 50 & 200 MA. Do you give any consideration to other factors such as large / small entry candles, which quite often scare myself out of a trade.

I hope you are able to find the time to reply and thank you for your time to read this.

Paul.
  • #7,135
  • Dec 15, 2021 7:40pm Dec 15, 2021 7:40pm
Quoting UkSmurfy
{quote} KonradGER, hope you're well and thank you for your recent contributions to this thread, i've enjoyed reading them. I had a few questions, if you dont mind. I saw you previously mentioned you trade daily charts, have you dropped these or do you still find success with those? I ask as I try to trade longer timeframes to work around university studies. Secondly, I wondered how you use stop-losses? RH suggests trailing by the low of the second candle back, I do this, however I find I am often stopped out of what was otherwise a good trade, which...
Hello UkSmurfy,

I still use Daily Charts, but often I can see from the EMAs on H4 if we are trending or not. But ofc you can also trade the Daily Chart. Just with smaller position size. (check weekly then if the candle is in the same desired direction)

Regarding the SL, that is very situational. I mostly use the top of the second candle back.

If I receive a Signal and the Signal candle is a really long one, I stay away from the trade, because often is bounces back, and leaves me in a bad spot for nothing.I had the situation so many times, it is not good. It is better for your nerves if you wait for a gradual decline of the candles. Because regarding the law of the polarity, everything which goes with force in another direction, will come back with force.
  • #7,136
  • Dec 17, 2021 4:19am Dec 17, 2021 4:19am
Would you trade the last bar of this setup (if it closes positive)?
In terms of rules it looks alright for the long. How do you tell chop from non-chop?
(It is EURCAD 2h at 10-20 utc)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
  • #7,137
  • Dec 17, 2021 10:42am Dec 17, 2021 10:42am
Quoting jk.kapital
{quote} Try these please! I add Alert as input (true/false) {file} {file} {file}
jk.kapital I am very pleased with your indicator TMS(r) Osci with alerts, and I want to ask you IF it's possible to change the settings to make the indicator a little faster to trade the lower timeframes, the new settings (if possible?) will be RSI 10, Stoch 7,3,3 and Stoch 11,3,3

Thank You for your attention
Attached File(s)
File Type: ex4 TMS(r) Osci (input Alert).ex4   13 KB | 444 downloads
"Great Men are not born great, They Grow Great."
  • #7,138
  • Edited 2:04am Dec 23, 2021 12:38am | Edited 2:04am
Quoting KonradGER
This is a livetrade from EUR/JPY im currently in. I'm currently trading out of Bali, so I can a nice look at the asian session.
Hello KonradGER, thank you for posting!
When you trade 1h and 4h TFs, how many trades do you have per week on average? (I think I'm struggling to find the right balance between doing necessary things and learning).
I would welcome other people with experience answering too, of course.
  • #7,139
  • Dec 27, 2021 12:33pm Dec 27, 2021 12:33pm
Long-time lurker of FF. I have read up to page 230 so far. Took a couple of trades around 0100 EST. I hit TP2 on both trades. I am just using the template RobinHood posted on Post #1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211227-133130_MetaTrader 4.jpg Size: 262 KB
Remember, the market never lies. It is only we who lie to ourselves.
  • #7,140
  • Dec 30, 2021 11:49am Dec 30, 2021 11:49am
Not a bad week considering the holidays.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20211230-120151_MetaTrader 4.jpg Size: 363 KB
Remember, the market never lies. It is only we who lie to ourselves.
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