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Trading Made Simple(r)

  • #7,581
  • Feb 23, 2022 1:45pm Feb 23, 2022 1:45pm
Quoting RobinHood
{quote} Interesting. I know nothing about it. How is the Focal Point used to help you trade?
Future will tell us
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  • #7,582
  • Edited 2:26pm Feb 23, 2022 1:57pm | Edited 2:26pm
Quoting oohoo
I've asked this question, but I probably expressed myself wrong and didn't get the explanation. Can someone tell me the logic behind stochs getting yellow? On the same level (early after 50-cross) they sometimes spark yellow and sometimes they don't. Is it somehow connected to them being above/below each other? Or their rate of change? Or do they spark a few candles back after they've reached an extreme condition indicating where the strong move was? {image}
It's simple, they turn those colors (other than grey) when they are overbought or oversold and the default settings are 30 and 70, but they can be changed should you want to. And they turn back to grey when they are no longer overbought or oversold.
Always a Student, Never a Master - Emulate What Works
  • #7,583
  • Feb 23, 2022 2:00pm Feb 23, 2022 2:00pm
In short you are in the middle of the Sinewave
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  • #7,584
  • Feb 24, 2022 4:40am Feb 24, 2022 4:40am
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RUSSIAN-UCRANIAN WAR CANDLESTICKS
  • #7,585
  • Feb 24, 2022 4:54am Feb 24, 2022 4:54am
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the whole economy is affected
  • #7,586
  • Feb 24, 2022 5:32am Feb 24, 2022 5:32am
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IS THIS AN OCCASION FOR THE BUBBLE TO BREAK????Some thoughts.
  • #7,587
  • Feb 24, 2022 5:40am Feb 24, 2022 5:40am
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the bubble
  • #7,588
  • Feb 24, 2022 11:48am Feb 24, 2022 11:48am
Quoting RobinHood
{quote} It's simple, they turn those colors (other than grey) when they are overbought or oversold and the default settings are 30 and 70, but they can be changed should you want to. And they turn back to grey when they are no longer overbought or oversold.
I've tried to show on my printscreen that they turn yellow on different levels, sometimes sooner than they get oversold. (Maybe it's just me and I'm not seeing it right?)
  • #7,589
  • Edited 8:33am Feb 25, 2022 7:32am | Edited 8:33am
just in case anyone needs it. i dont personally use TDI
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  • #7,590
  • Feb 25, 2022 8:36am Feb 25, 2022 8:36am
and heres another, hope it helps
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  • #7,591
  • Feb 25, 2022 1:04pm Feb 25, 2022 1:04pm
some light reading if you get bored over weekend. nothing to do with tdi
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File Type: pdf 1_5186367099492106435.pdf   526 KB | 377 downloads
  • #7,592
  • Feb 25, 2022 5:01pm Feb 25, 2022 5:01pm
more stuff if your bored over weekend
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File Type: pdf 1_4913520183798136967.pdf   3.1 MB | 390 downloads
  • #7,593
  • Feb 25, 2022 5:06pm Feb 25, 2022 5:06pm
Goodnight and Green Pips to all next week
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  • #7,594
  • Mar 1, 2022 6:57am Mar 1, 2022 6:57am
Quoting RobinHood
{quote} I spent many, many years trying to perfect my stock trading method. I won't say that I've done that, but just like in hand grenades and horseshoes, I only need to get close to win...and THAT I have successfully done. The great strength to my stock trading method is it telling me when to get out before giving too much of the profits back. back. I'll give you 3 important points to consider... 1. Look at WEEKLY stock charts, ones that are relatively smooth like Apple, Google and Microsoft. 2. Using what you've learned here, go apply it to stocks....
Robinhood, hope you're well. Sorry to dig up such an old post, i've been doing some re-reading and wanted to ask a question here.

You were quite specific here and capitalised WEEKLY, when looking for stocks to trade. Are you indicating that you wont NOT recommend trading stocks on a daily chart, or that you would screen for smooth price action on a weekly chart, before considering trading the daily chart?

I understand your lifestyle makes weekly your preference.

I've been trading with your system on demo stocks using the daily charts over the last month (prior to the unstability this last week) with not much success at all. I had hoped that the abundance of different stocks available would allow me to make more 'perfect' entries than forex offers, however it doesn't seem to have worked that way.

Thanks again for your ongoing contributions, as an unprofitable trader I dont feel I have much quality to contribute to the thread, but I do read the thread every single day and appreciate all your efforts.

Paul.
  • #7,595
  • Edited 10:36am Mar 1, 2022 7:10am | Edited 10:36am
Quoting UkSmurfy
{quote} Robinhood, hope you're well. Sorry to dig up such an old post, i've been doing some re-reading and wanted to ask a question here. You were quite specific here and capitalised WEEKLY, when looking for stocks to trade. Are you indicating that you wont NOT recommend trading stocks on a daily chart, or that you would screen for smooth price action on a weekly chart, before considering trading the daily chart? I understand your lifestyle makes weekly your preference. I've been trading with your system on demo stocks using the daily charts over...
Hi Paul,

I just wanted to respond very quickly. Answering this post is going to take some time to write out properly, time that I don't have right now because I am day trading. I will come back later today after the market closes (4 pm EST) and reply in depth.

------------------------------

Hi Paul,

Christmas came early! Check out the bottom half of Post # 1 on Page # 1.

Let me know if you have any questions.
Always a Student, Never a Master - Emulate What Works
  • #7,596
  • Mar 1, 2022 1:39pm Mar 1, 2022 1:39pm
I just finished reading the whole thread and tried a couple of trades strictly using the 4 hour for signals and the daily for confirmation. I was able to pass a FTMO trial challenge in about 1 week give or take. Although I will fully admit I did accidentally enter a trade on 2% risk when I wanted to do 1% because I forgot to change the settings on the EA, and it ended up being a nice runner. In a sense, I feel like this is a major case of beginner's luck. I am going to keep practicing until I feel like I am consistent enough to try out for an actual prop firm challenge. Thank you RH for the strategy.
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  • #7,597
  • Mar 1, 2022 2:56pm Mar 1, 2022 2:56pm
Quoting Entelex
I just finished reading the whole thread and tried a couple of trades strictly using the 4 hour for signals and the daily for confirmation. I was able to pass a FTMO trial challenge in about 1 week give or take. Although I will fully admit I did accidentally enter a trade on 2% risk when I wanted to do 1% because I forgot to change the settings on the EA, and it ended up being a nice runner. In a sense, I feel like this is a major case of beginner's luck. I am going to keep practicing until I feel like I am consistent enough to try out for an actual...
Thank you, congratulations, and good luck!
Always a Student, Never a Master - Emulate What Works
  • #7,598
  • Mar 2, 2022 1:52am Mar 2, 2022 1:52am
Quoting RobinHood
{quote} Hi Paul, I just wanted to respond very quickly. Answering this post is going to take some time to write out properly, time that I don't have right now because I am day trading. I will come back later today after the market closes (4 pm EST) and reply in depth. ------------------------------ Hi Paul, Christmas came early! Check out the bottom half of Post # 1 on Page # 1. Let me know if you have any questions.
I'll have a good read of that today, thanks!

Paul.
  • #7,599
  • Mar 2, 2022 1:58am Mar 2, 2022 1:58am
Quoting Michael.MSA
Dear members. I'm going to try the following on the next week. On these 30 charts I look for a good trading opportunity. {image} Here are 28 currencies, silver and gold. I quickly switch through all the time frames on each chart to see what's going on. When I find something interesting, (here “USDCAD H4”_the yellow line is the trade) I go to this chart to take a closer look and maybe make my trade. {image} That's it. _______________________________________ Another thing I want to test, is the possibility with two HMA dashboards. {image} One has...
Can you share this indicator? Tks so much!!!!
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  • #7,600
  • Mar 2, 2022 12:57pm Mar 2, 2022 12:57pm
Quoting RobinHood
{quote} Hi Paul, I just wanted to respond very quickly. Answering this post is going to take some time to write out properly, time that I don't have right now because I am day trading. I will come back later today after the market closes (4 pm EST) and reply in depth. ------------------------------ Hi Paul, Christmas came early! Check out the bottom half of Post # 1 on Page # 1. Let me know if you have any questions.
Just wanted to take a second to thank you for your additions to post 1. I've spent the day tinkering and it's taught me more about how markets move than anything i've seen. This is invaluable to me, thank you.

Paul.
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