Trading Made Simple(r) | Page 383 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,872 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #7,641
  • Mar 28, 2022 9:54am Mar 28, 2022 9:54am
RobinHood, you explained your way of selecting stocks to trade earlier. You said you monitored sentiment and found stocks that would most likely be in play.
Do you use scanners/screeners, like the one on TV, to select trending stocks? If so, which parameters do you use to filter them out?
Thank you!
  • #7,642
  • Mar 28, 2022 11:09am Mar 28, 2022 11:09am
Quoting oohoo
RobinHood, you explained your way of selecting stocks to trade earlier. You said you monitored sentiment and found stocks that would most likely be in play. Do you use scanners/screeners, like the one on TV, to select trending stocks? If so, which parameters do you use to filter them out? Thank you!
When I wrote that, I was mostly lurking on StockTwits and watching which stocks other traders were talking about a lot and if I liked the chart of a stock they mentioned well enough, I traded it. I made about 400% in 6 weeks doing that in early 2021.

THEN...later I learned that many of those people are paid to go on that forum and pump a stock, or to tell you to dump a stock but you don't know who these people are or that they are paid to do it. There are literally companies who hire people to do this as their full-time job in an effort to manipulate stocks. My guess is that companies with a stock hire companies to do this for their stock, or to hurt a competitor's stock.

So not knowing who I could believe or what to believe, I had to come up with a better way to find stocks I wanted to trade, and I now have 2 of them.

1. I wrote some code that scans every stock (using a stock screener) and it shows me only stocks that are about to complete a Continuation Trade or it already has just done it, and that has helped me immensely. They often have big potential, and always have a small risk (relatively speaking) or I don't trade them.

2. The other way is that I go here: https://www.tradingview.com/markets/...movers-active/ and I click on: Technical Rating. That then sorts the stocks into "Strong Buy" from the top down. It looks like this:

Attached Image (click to enlarge)
Click to Enlarge Name: Technical Rating.PNG Size: 138 KB

Using that, I then place each stock on a stock chart with my indicator settings on it and if they meet my criteria, I buy them. But few on the list do at just the right time for me.

I like the first way I listed the best.
Always a Student, Never a Master - Emulate What Works
  • #7,643
  • Mar 28, 2022 12:07pm Mar 28, 2022 12:07pm
Thank you for that!
Is that a code to scan on TV? Or another platform? How easy was it to write one considering you're not a coder? (I'm more of a humanities person, not a coder).
  • #7,644
  • Edited 1:02pm Mar 28, 2022 12:35pm | Edited 1:02pm
Quoting oohoo
Thank you for that! Is that a code to scan on TV? Or another platform? How easy was it to write one considering you're not a coder? (I'm more of a humanities person, not a coder).
Yes, it's a code to scan stocks. It's in a stock scanner that is in TC2000 called EasyScan. They have many pre-written conditions (like when RSI or Stochastics does X, show me those stocks) that you can use to scan stocks for certain conditions. I used one of them and then altered it to my liking. Go to YouTube and watch some videos about how to use it. It's pretty simple do do once you understand it.
Always a Student, Never a Master - Emulate What Works
  • #7,645
  • Mar 28, 2022 3:58pm Mar 28, 2022 3:58pm
Quoting RobinHood
{quote} 1. I don't look at anything other than the 2 min. chart when I day trade stocks, however, I am always "conscious" of what the stock is doing on a Daily and Weekly chart. Here's why...if a stock is in a confirmed downtrend it's usually somewhat easier to short the stock on a 2 min. chart, but that does not in any way stop me from going Long when I get a Long trade set up. And the opposite is true when a stock is in a confirmed uptrend. 2. It's not about more or less success with stocks vs. the Forex. I just have many more reasons to trade...
I appreciate you taking the time to reply in such great detail.
Ever since I started using TC2000 plataform and watching stock charts (which I never did) it really looks like it trends much better than the forex.

Do you think you'll ever shows us in detail how you trade stocks (like the entry & exit methods, etc) just like you did on this thread?

It would be amazing to know how you position size your trades on the daily and weekly time frames.
Only the Mediocre are Always at their Best
  • #7,646
  • Mar 28, 2022 4:19pm Mar 28, 2022 4:19pm
As a trader, my main problem is ranging market. How do I identify them? It has been having a toll on me.
  • #7,647
  • Mar 28, 2022 4:50pm Mar 28, 2022 4:50pm
Quoting PipsAndGainz
{quote} I appreciate you taking the time to reply in such great detail. Ever since I started using TC2000 plataform and watching stock charts (which I never did) it really looks like it trends much better than the forex. Do you think you'll ever shows us in detail how you trade stocks (like the entry & exit methods, etc) just like you did on this thread? It would be amazing to know how you position size your trades on the daily and weekly time frames.
I just showed it here recently on Page 1, Post # 1. but I erased it because I decided later that I didn't want to confuse the Forex traders here by showing it here. PM me your email address and I will send you what I wrote.
Always a Student, Never a Master - Emulate What Works
  • #7,648
  • Mar 28, 2022 4:56pm Mar 28, 2022 4:56pm
Quoting nanacarter
As a trader, my main problem is ranging market. How do I identify them? It has been having a toll on me.
That is the $64,000 question for every trader. There is no way that I know of. My best solution is to not trade in ranges. I do that best by trading Continuation Trades as they are not typically inside of ranges.
Always a Student, Never a Master - Emulate What Works
  • #7,649
  • Mar 28, 2022 5:09pm Mar 28, 2022 5:09pm
Quoting nanacarter
As a trader, my main problem is ranging market. How do I identify them? It has been having a toll on me.
sent you a message
  • #7,650
  • Edited Mar 29, 2022 6:38am Mar 28, 2022 5:11pm | Edited Mar 29, 2022 6:38am
.
Always a Student, Never a Master - Emulate What Works
  • #7,651
  • Mar 28, 2022 5:15pm Mar 28, 2022 5:15pm
Quoting RobinHood
{quote} It must take some time because I don't see it yet. I will respond when I see it.
was to nanacarter -- can send you one too if you like dont want you to feel left out. send me a DM
  • #7,652
  • Edited Mar 29, 2022 6:39am Mar 28, 2022 5:53pm | Edited Mar 29, 2022 6:39am
.
Always a Student, Never a Master - Emulate What Works
  • #7,653
  • Mar 28, 2022 5:57pm Mar 28, 2022 5:57pm
Quoting RobinHood
{quote} I totally missed that. LoL...it's been a long day
yup im tired too, almost 12pm here in Edinburgh
  • #7,654
  • Mar 29, 2022 5:07am Mar 29, 2022 5:07am
Thanks for your thread RobinHood, been testing it and it's a good system to trade.
Only thing will add and think will help people that is starting to trade, is adding an EMA 200 to visually identify the trend and then follow and not operate agains it.

What you said about waiting the crossover and then opening position on the continuation is the best idea for new traders, will recommend it.

For the rest is very clear all your explanation and think this one is suuper complete.

Best Regards and hope will help new people!!
  • #7,655
  • Mar 29, 2022 5:09am Mar 29, 2022 5:09am
Quoting nanacarter
As a trader, my main problem is ranging market. How do I identify them? It has been having a toll on me.
Try adding an EMA 200 and if is very close, volume is poor, and the candles very small keep out of the screen and let the market move, then when market makes movement and the indicator gives you an entry you can open position.

Hope this can help you!!!
  • #7,656
  • Edited 7:49am Mar 29, 2022 6:54am | Edited 7:49am
Quoting RobinHood
{quote} I just showed it here recently on Page 1, Post # 1. but I erased it because I decided later that I didn't want to confuse the Forex traders here by showing it here. PM me your email address and I will send you what I wrote.
I'll do that!
Only the Mediocre are Always at their Best
  • #7,657
  • Edited 6:09pm Mar 29, 2022 5:24pm | Edited 6:09pm
I have had so many people contact me and ask me to send them my stock trading info. Then it occurred to me that most people would start emailing me and asking me questions. Even if I had the time to answer everyone (which I don't), it doesn't make the most sense to do it that way.

If traders here ask me questions (which is okay with me), then everyone here who is interested in trading stocks gets to see my reply to every question and hopefully the answers may also benefit them.

So here is what I have decided to do...

I just posted it on the bottom of Post # 1 on Page # 1. Posting it there allows me to edit it or add info anytime I want, and no other page here allows that.

I may not leave it there for very long (because it's stock info on a Forex forum), so make sure and make a copy of it.

If you end up with any questions, please ask here in the forum.
Always a Student, Never a Master - Emulate What Works
  • #7,658
  • Mar 29, 2022 11:26pm Mar 29, 2022 11:26pm
Thank you, I remember that post of yours. It revived my interest in the Guppy system.
  • #7,659
  • Mar 30, 2022 6:38am Mar 30, 2022 6:38am
Quoting 40PipsAlan
So far so good this month. My all time best result in the 3 years I have been attempting to trade forex. Got about -$500 in DD due to another Bot i have been testing. Also an example of how I am trading using swingmans oscillator indi. One dud trade in amongst several winners. Move trade to BE soon as poss and trail it till it stops. {image} {image}
Hi 40PipsAlan - your result shows more no. of trades( 71 sells, 65 buys) - do you find that many signals on H4 - or do you trade lower timeframes?
  • #7,660
  • Mar 30, 2022 6:47am Mar 30, 2022 6:47am
Quoting Vivi-l
{quote} Hi 40PipsAlan - your result shows more no. of trades( 71 sells, 65 buys) - do you find that many signals on H4 - or do you trade lower timeframes?
Yah, I tend to get a H4 signal and then drop to M15 for some add on trades which turn out to be new trades because my Trail stop has kicked me out on the last M15 swing. I also have a habit of trying to prempt a H4 signal on the M15. Some work others turn into nasty DD. Still learning.
7 traders viewing now