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Trading Made Simple(r)

  • #7,681
  • Apr 5, 2022 9:19am Apr 5, 2022 9:19am
And Another? Closed +36
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  • #7,682
  • Apr 5, 2022 10:10am Apr 5, 2022 10:10am
Closed with trailing stop 50p
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  • #7,683
  • Apr 5, 2022 10:15am Apr 5, 2022 10:15am
GBPUSD I think the stop loss too big. A lot of sideways also. Any sugestions?
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  • #7,684
  • Apr 5, 2022 10:22am Apr 5, 2022 10:22am
Quoting Cousupp
"Do You Think You Can Make Money Using These Methods?" I voted for "No", cause this system is just not profitable.
For how long have you been trying this method?
  • #7,685
  • Apr 5, 2022 10:43am Apr 5, 2022 10:43am
Quoting erlas7
GBPUSD I think the stop loss too big. A lot of sideways also. Any sugestions? {image}
Ranging. Choose a better pair to trade.
  • #7,686
  • Apr 5, 2022 10:48am Apr 5, 2022 10:48am
Quoting 40PipsAlan
{quote} Ranging. Choose a better pair to trade.
  • #7,687
  • Edited 11:43am Apr 5, 2022 11:04am | Edited 11:43am
Quoting 40PipsAlan
And Another? Closed +36 {image}
I noticed that you have that dark blue ma on your chart, so I can only assume that it must mean something to you.

Here's a suggestion that has helped me a lot when I use a ma in the way I think that you are using it.

I like to bracket the ma and I call it a "Roadmap". Doing so creates some "wiggle" room around the main ma.

You take that same ma, then you add 2 more ma's using the same length as the original ma and instead of using the "close" as the setting, use one with "high" and another one with "low".

You then end up with 3 ma's. I make the center ma dotted and the 2 outside ma's solid. That way they look like a road so to speak.

It looks like this:

Attached Image (click to enlarge)
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Also look at it on 2 higher time frames.

You will often see something you've never really noticed before.

Below are 3 Facebook charts...a 2 min, a 10 min. and a 1 hour. Notice the Roadmap on all 3. I day trade the 2 min. but the 10 min and the 1 hour give me important info also. You can now probably see why.

Attached Image (click to enlarge)
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Try it and let me know what you think.
Always a Student, Never a Master - Emulate What Works
  • #7,688
  • Apr 5, 2022 11:47am Apr 5, 2022 11:47am
I just wanted to say thank you to Robinhood and all the active members on this thread. I'm still in the middle of the reading and learning. Thank you all
  • #7,689
  • Apr 5, 2022 12:47pm Apr 5, 2022 12:47pm
Quoting Cousupp
"Do You Think You Can Make Money Using These Methods?" I voted for "No", cause this system is just not profitable.
Congratulations on your 8th post since joining FF, 6 of which have been highly derogatory of the people who take their time to share here.

I see you've took the time to criticize quite a few systems here, did you consider that perhaps you're the common denominator?

I'd pause the trading for the time being and spent some time working on yourself, and your attitude.

-

@robinhood, I've been having promising results over the last month on my demo account using the information you kindly added to page 1. I've been quiet recently, not wanting to get too excited over the growth on my account. However, it would be remiss of me not to let you know i'm putting the information you kindly shared to good use.

Thanks again,

Paul.
  • #7,690
  • Apr 5, 2022 1:13pm Apr 5, 2022 1:13pm
Quoting erlas7
I just wanted to say thank you to Robinhood and all the active members on this thread. I'm still in the middle of the reading and learning. Thank you all
You're welcome!
Always a Student, Never a Master - Emulate What Works
  • #7,691
  • Apr 5, 2022 1:17pm Apr 5, 2022 1:17pm
Quoting UkSmurfy
{quote} Congratulations on your 8th post since joining FF, 6 of which have been highly derogatory of the people who take their time to share here. I see you've took the time to criticize quite a few systems here, did you consider that perhaps you're the common denominator? I'd pause the trading for the time being and spent some time working on yourself, and your attitude. - @robinhood, I've been having promising results over the last month on my demo account using the information you kindly added to page 1. I've been quiet recently, not wanting...
Hi Paul,

I am REALLY glad to hear that! And, I really appreciate you taking the time to let me know.

Watch this video. I think you will get a lot out of it:

Inserted Video


- RH
Always a Student, Never a Master - Emulate What Works
  • #7,692
  • Apr 5, 2022 3:41pm Apr 5, 2022 3:41pm
Quoting 40PipsAlan
And Another? Closed +36 {image}
DEAR 40pipsAlan
I understand from SwingMan that you have the solution
for my problem. the expert robin hood 2.2 tells me that
it can support only 50 pais .how do I do to have only 28 pairs from th market watch
Thank you very much for your time
All the best
Dan
  • #7,693
  • Apr 5, 2022 6:56pm Apr 5, 2022 6:56pm
Quoting RobinHood
{quote} Let me give you the best advice that I can when you are new to trading my methods. Bruce Lee said: "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." Follow ONLY these rules UNTIL you become consistently profitable: 1. You need ONE great kick to start with. It's a Continuation Trade. Do not make any other types of trades until you are profitable making only Continuation Trades. 2. The Stop Loss is always predetermined and small OR you don't take the trade. 3. Risk no more...
Honestly, I read your entire post. I am very grateful for you sharing. But really, I haven't had much success with this method. I will try harder to succeed according to your method. Tks RH
  • #7,694
  • Apr 5, 2022 6:57pm Apr 5, 2022 6:57pm
Quoting 40PipsAlan
{quote} I could say every Template is profitable in the hands of a pro trader like RH. You need to review the trades that went wrong and make sure they align with the trade rules you are trying to adhere to. Was the SL too tight, did you fiddle with the trade in any way, did you give it enough room to breathe within the market swings. Was the higher TF going in your direction. I am using swingmans TMSr indi with a definite alert on the H4 for me to check the chart for a trade. I am not taking every signal. Any doubts about the trades walk away from...
Thank you for sharing, did you go to a lower timeframe to enter the order?
  • #7,695
  • Apr 5, 2022 10:52pm Apr 5, 2022 10:52pm
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  • #7,696
  • Apr 5, 2022 10:55pm Apr 5, 2022 10:55pm
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  • #7,697
  • Apr 6, 2022 12:41am Apr 6, 2022 12:41am
Quoting tienphuc2910
{quote} Thank you for sharing, did you go to a lower timeframe to enter the order?
Yes very much so. I get the alert on the H4 chart then i drop to the M15 and wait for my entry point there.
  • #7,698
  • Apr 6, 2022 12:45am Apr 6, 2022 12:45am
Quoting dansmol
{quote} DEAR 40pipsAlan I understand from SwingMan that you have the solution for my problem. the expert robin hood 2.2 tells me that it can support only 50 pais .how do I do to have only 28 pairs from th market watch Thank you very much for your time All the best Dan
Not sure i understand the question. I am guessing that you are using the dashboard which has limit of 50 pairs. If your market watch is showing more than 50 pairs then click the hide all option on the market watch which will allow the dashboard to work.
  • #7,699
  • Apr 6, 2022 1:18am Apr 6, 2022 1:18am
Quoting 40PipsAlan
{quote} Yes very much so. I get the alert on the H4 chart then i drop to the M15 and wait for my entry point there.
can you share how to set SL and move SL? You set the SL according to the frame M15 or H4
  • #7,700
  • Edited 3:35am Apr 6, 2022 2:08am | Edited 3:35am
Quoting tienphuc2910
{quote} can you share how to set SL and move SL? You set the SL according to the frame M15 or H4
I try to set SL on last M15 swing point and let the trail stop do the rest. Hopefully we get a couple more swings on the M15 to reach BE. I try not to panic when the trade starts going against me and hope its going to turn again very soon. If not then its a SL and I will win on the next one. I use the swingman RR calculator set at 2% per trade mostly but I have been fiddling a bit with that to try and improve things.
Lets not forget I am learning too and only on Demo.
Attached File(s)
File Type: ex4 smTMMS RR-Calculator_v1.1.ex4   22 KB | 229 downloads
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