Trading Made Simple(r)

Will you move the SL to BE when you have enough pips, or will you trail a trailing stop from the time you entered the order?

i am currently trying partial trail EA taking a 50% slice after a certain amount of pips is moved, around ATR X1 on the H4 chart.

As I see it, putting SL at M15 often hits SL, but H4 still moves in the right direction, Do you think so?

Yes trying to get M15 entries onto the H4 trend. I might take a look at H1 as the M15 phone alerts are driving me crazy.

Possible setup?

Is this a continuation trade already (we've had a HA colour change), or will only become one once price crosses EMA up and then back down?

Just jumped on this one boss from the H1 chart.

Stock traders, will you rate this a buy provided it closes positively today?

UJ +77 makes up for yesterdays SL. Good dollar news spike.

Nice winner on AU today.Still recovering losses this month.

Same on NU.

I see two things that are noteworthy.

1. Switch over to a Weekly WMT chart and you will see a pattern I call "Channeling at the Top". When a stock breaks out of that channel to the upside (as this stock just has done), it's very likely to go up a lot more from here.

2. On the Daily chart, a Continuation Trade to the upside is MOST likely in progress and that implies a move to the upside also.

Personally, I would place my stop loss at $152.50.

Current active trade on NC. I may have doubled the trades by mistake. Now at BE

Heres one that might develop AN. Daily is up

Kicked me for BE.

Ok Guys, How about some weekend ponderings from an old newbie as the market are closed just now, I hope David doesnt mind. It might help some new people out there struggling to make profits. Anyway picture attached showing how i am attempting to work this, comments welcome. Moving average 89SMA and 200 SMA. Big yellow Arrows are price cross of the 200 SMA. Trading this in itself will get you now where. I am waiting on a swingman osc SMI cross stoch alert. I will then look left to see which direction the big yellow arrow is pointing. If it matches all is good. Patience is key, hold your horses dont click that sell button just yet. Now i look for buy candles in between the 200 cross and my swingman alert and see where they peak at. Hopefully this will be the 89 or 200 SMA or maybe the weekly pivot/ last swing point. Place SL just above the last blue candle maybe ( I put mine higher up in case of news events) use the swingman RR calculator for lotsizing and click that sell button. Now there comes a point where it gets riskier as each swing down occurs for a major retrace to the 200 SMA again, I am still working on this but maybe 2 swings away from the 200 SMA is good stuff and then try elsewhere for a trade. I use a trail stop EA to move BE and take 50% profits at ATR X 1 and trail the rest.
Another tip:- dont bother jumping around different FF threads, this one is simple and works fine. If it doesn't then the problem is yourself.
Second picture shows more normal trends . 2nd trade more risky.

Thanks for sharing what you are doing in detail. I think it usually inspires newer or unprofitable traders to see what is working for someone else, and after all, that really is one of the main purposes of this thread .

I think almost every trader "tinkers" with their indicators and settings until they find what is most comfortable for them. I know I do, I always have, and I probably always will. Honestly, it's truly like therapy for me because I enjoy doing it so much. To me, no settings are ever always perfect because all markets always change over time. They trend, they chop, they range, they go parabolic, etc.

I will mention just ONE METHOD of how I sometimes use a longer length ma. (like 30 or higher). I don't always use the longer length ma's because they are just not reasonably applicable on some pairs, on some stocks, and on some time frames...like a 1 minute chart for example.

I like using just one longer ma such as the 30, 40, 50, 60, etc. sma (or ema), and I will only buy when I get a Long set-up above it, and I only will sell it when I get a Short set-up below it. The problem happens when when a pair starts "chopping" back and forth over that ma. But then again, as we all know, when a pair is chopping, almost nothing works. So when that happens and I lose 3 times in a row, I almost always quit trading that pair (or stock) for a while.

I in no way think this method is the always the best way. I just wanted to throw the idea it out there because it may help someone. Every trader needs to find and use methods (or a system) that they can have a lot of confidence in.

BTW, I sometimes use only 2 ma's, but most often I now use more than that like 3, 5, 6, etc.. It all comes down to what appears to me to look like what has worked best in the past on that chart, and on that time frame.

CHF/JPY +130 pips. Bit slow this month.
Took a beating on GC this month. Top tip:- dont keep moving your SL lower praying for reversal, the market will burn you.

CadChf +57 Pips

Will I trade when the price is outside sma 200 and sma 89, thank you