Trading Made Simple(r) | Page 386 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,874 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)

  • #7,701
  • Apr 6, 2022 7:08am Apr 6, 2022 7:08am
Quoting 40PipsAlan
And Another? Closed +36 {image}
Awesome trades 40PipsAlan.

How do you filter bad signals.. what are your filters.. I have marked a few arrows on the below chart. Did you take trades on those signals
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 217 KB
  • #7,702
  • Apr 6, 2022 7:19am Apr 6, 2022 7:19am
Quoting 40PipsAlan
{quote} 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. {file}
How do you trail stop.. do you run EA or set it manually on the order?
  • #7,703
  • Apr 6, 2022 7:49am Apr 6, 2022 7:49am
Quoting Vivi-l
{quote} Awesome trades 40PipsAlan. How do you filter bad signals.. what are your filters.. I have marked a few arrows on the below chart. Did you take trades on those signals {image}
Good question and I am sure everyone has a different approach to this. Looking at the chart we know the EU H4 is in a Downtrend so I am looking for sell trades. Any one of those arrows you marked would have been a winner. But I was also watching the weekly pivot S38 to see a possible bounce off and also causing the your sell arrows. In the end it closed over the S38 so I took the short when I did. Probably a bit of luck too when I took a look at the M15.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 52 KB
  • #7,704
  • Apr 6, 2022 7:51am Apr 6, 2022 7:51am
Quoting Vivi-l
{quote} How do you trail stop.. do you run EA or set it manually on the order?
Numerous Trail stop EA in the collection. Give these ones a try. I am currently playing with Trailing with Partial close which seems quite good.
Attached File(s)
File Type: ex4 Candle Trailing Stop.ex4   30 KB | 287 downloads
File Type: mq4 Candle Trailing Stop.mq4   55 KB | 257 downloads
File Type: ex4 FPA=TrailingStop.ex4   39 KB | 249 downloads
File Type: ex4 BreakEven_v2.ex4   15 KB | 246 downloads
File Type: mq4 BreakEven_v2.mq4   6 KB | 332 downloads
File Type: mq4 TrailingWithPartialClose.mq4   29 KB | 277 downloads
  • #7,705
  • Apr 6, 2022 10:03am Apr 6, 2022 10:03am
"Don't Focus on Winning. Focus on the Process that Creates Winning"

Attached Image (click to enlarge)
Click to Enlarge Name: Obsessed.jpg Size: 221 KB
Always a Student, Never a Master - Emulate What Works
  • #7,706
  • Apr 7, 2022 3:38am Apr 7, 2022 3:38am
Good morning traders
Is anyone is looking at EURGBP? I think a good signal to sell. Any comments please
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 281 KB
Click to Enlarge Name: Screenshot_2.png Size: 305 KB
  • #7,707
  • Apr 7, 2022 4:07am Apr 7, 2022 4:07am
Quoting erlas7
Good morning traders Is anyone is looking at EURGBP? I think a good signal to sell. Any comments please {image} {image}
Yes boss EG looking good for a short. I will be waiting for a pullback to the broken resistance on the M15 -manual yellow line added. Looks to be pulling back already
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB
  • #7,708
  • Apr 7, 2022 4:51am Apr 7, 2022 4:51am
Quoting 40PipsAlan
{quote} Yes boss EG looking good for a short. I will be waiting for a pullback to the broken resistance on the M15 -manual yellow line added. Looks to be pulling back already {image}
If the price doesn't pullback, will we skip looking for another entry point? Tks ♥
If the price doesn't pullback, will we skip looking for another entry point?
  • #7,709
  • Edited 5:16am Apr 7, 2022 5:00am | Edited 5:16am
Quoting tienphuc2910
{quote} If the price doesn't pullback, will we skip looking for another entry point? Tks ♥ If the price doesn't pullback, will we skip looking for another entry point?
EG is pulling back as we speak. If the broken support now acts as resistance then I will be shorting. If the resistance breaks again then I would consider it ranging. We need the stoch8 candle closed below the 50 line. Hope it helps. If you look at the charts enough you will see lots of supports broken and retested again.
Lower lows and lower highs =trending down. We have the lower low and now need the lower high to take the short.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 58 KB
  • #7,710
  • Apr 7, 2022 8:08am Apr 7, 2022 8:08am
Quoting 40PipsAlan
{quote} EG is pulling back as we speak. If the broken support now acts as resistance then I will be shorting. If the resistance breaks again then I would consider it ranging. We need the stoch8 candle closed below the 50 line. Hope it helps. If you look at the charts enough you will see lots of supports broken and retested again. Lower lows and lower highs =trending down. We have the lower low and now need the lower high to take the short. {image}
Who took the EG short? Is looking like a buy now.
  • #7,711
  • Apr 7, 2022 3:21pm Apr 7, 2022 3:21pm
EURGBP 40 pips loss.
Another loss GBPCAD 138 pips.
I think all the conditions were good. Any comments please
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 288 KB
Click to Enlarge Name: Screenshot_2.png Size: 288 KB
  • #7,712
  • Apr 7, 2022 3:59pm Apr 7, 2022 3:59pm
Quoting erlas7
EURGBP 40 pips loss. Another loss GBPCAD 138 pips. I think all the conditions were good. Any comments please {image} {image}
Maybe avoid news events.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 65 KB
Attached File(s)
File Type: ex4 FXSSI.Calendar.ex4   118 KB | 279 downloads
  • #7,713
  • Apr 8, 2022 2:10am Apr 8, 2022 2:10am
Quoting 40PipsAlan
{quote} Maybe avoid news events. {image} {file}
after receiving the signal at 4H frame, I went down to 15M frame to find the entry point. Do you think you should put the SL at M15 or H4. Is the M15 SL too short?
after receiving the signal at 4H frame, I went down to 15M frame to find the entry point. Do you think you should put the SL at M15 or H4. Is the M15 SL too short?
  • #7,714
  • Apr 8, 2022 3:15am Apr 8, 2022 3:15am
Two possible trades. Which one to choose?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 332 KB
Click to Enlarge Name: Screenshot_2.png Size: 312 KB
  • #7,715
  • Apr 8, 2022 3:25am Apr 8, 2022 3:25am
Quoting erlas7
Two possible trades. Which one to choose? {image} {image}
Go with NC. AN isnt a buy just yet.
  • #7,716
  • Apr 8, 2022 3:30am Apr 8, 2022 3:30am
Quoting tienphuc2910
{quote} after receiving the signal at 4H frame, I went down to 15M frame to find the entry point. Do you think you should put the SL at M15 or H4. Is the M15 SL too short? after receiving the signal at 4H frame, I went down to 15M frame to find the entry point. Do you think you should put the SL at M15 or H4. Is the M15 SL too short?
Is all down to your choice my friend, whether you are using another EA to get to BE or not. I have tried numerous SL over the years on daily, weekly M15,M30 etc. If we stick with the RH plan then SL on the last swing on the H4 chart is the way to go. If the trend is going our way then the SL is irrelevant and TP will be reached. Think of it as a crash stop to avoid losing your whole account.
  • #7,717
  • Apr 8, 2022 3:34am Apr 8, 2022 3:34am
Trail stop kicked me out on NU for +26. Taking shorts on this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 66 KB
  • #7,718
  • Apr 8, 2022 3:37am Apr 8, 2022 3:37am
Quoting 40PipsAlan
{quote} Go with NC. AN isnt a buy just yet.
  • #7,719
  • Apr 8, 2022 3:38am Apr 8, 2022 3:38am
Currently shorting NJ. Now move to BE. Looks to be counter trend to H4. bit risky.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 66 KB
  • #7,720
  • Apr 8, 2022 4:03am Apr 8, 2022 4:03am
Just took the trade
Attached Image (click to enlarge)
Click to Enlarge Name: BlackBull Markets MT4.png Size: 167 KB
4 traders viewing now, 1 is registered:
Point-F1ve