Trading Made Simple(r)

Good morning everyone

I like what I see and want to try scalping these setups on the one minute chart. Crazy.... most likely. Today was my first day taking recon trades first then going for some proper setups
@RobinHood and @40PipsAlan -> Thanks for the inputs and polite way of presenting things. I will try to contribute my scalping setups.

I have setup my charts using 2 screens. On the left with Heiken Ashi candles and on the right with a bar chart. Real candles help seeing the price better.

Left screen: First some small trades (rekkies - stands for reconnaissance) and then some real ones. Went ok but have set a goal for next week to take heaps of setups and then look at the good one and the bad ones.

PS: I have the Supertrend indicator on there for me to add to the existing trade. So there are 2 runners sometimes....


On the right the same chart without the HE

Here my pings from the iPhone

Another setup

AJ gave a signal... buy stop set after red candle... for the second trade: take it and set the first one to BE. The logic can be described as loose one or win 2

Please ignore the time lines. They are only for me to know what the local time is here in Switzerland.

Been a tough month only adding +3% to the account. I admit to tinkering with different stuff to see what happens but overall the last 2 months have added +38% to the demo total. Lets see what next month brings.

My monthly gain is a bit better. I still have open trades, will keep them. Learning in the process

Yo boss. How comes you started your report from the 5th April?

Hello to all and thank you for your precious shares, is there a dashboard with alert when there is a crossing like this one ?
https://www.forexfactory.com/thread/...-simple-system

From that date I've started with this method

You are well on the way now my friend. Even +1% a month is a much better return than any bank can give you. So long as you keep the monthly positive then its no looking back. We all have bad days and weeks so its better to have a longer term perspective on things like monthly results. Keep it up.

@Tgdrela1, nice set up, can you share your template and indicator you're using ?

Thank you

Not too shabby, paid for my anyway

Seems like a reasonable target for us newbies to aim for. 30% a month consistently. That is going to build an account very quickly. Nice job boss.

Great results! But in my opinion for beginners 30% consistent is to high target. My goal as a beginner is not to lose money in few first months, be confident with entries and exits. Repeat, repeat, repeat
Congratulations

Ditto that --- even 4 or 5% a month will do wonders for your account and it also destroys what the bank will give you on your balance. Small and progressive gains is the way to go

Can you tell me what the name of that trade report is? I had something like that, but can't put my hands on it anymore.

Thanks,

It's not much but it's honest work.
The exits need a bit of work, and the amounts are most for experiment purposes as i'm still experimenting with a couple of modifications to the formula but the framework is still from this topic that helped me a lot.
The silver one doesn't count as it was out of this method. I've seen profit from almost every trade.

Scalping this way is exhausting.... but can be rewarding too. Someone here just double his account in 3 trading days. Was this luck - yes, there was some but the amount of trades also showed that going with the short term trends is better than against.

Learning this method on FX will take lots of practice but it actually works. As this is not my thread, I will post using the templates colors...still needs some getting used to the pink in the HMA :-)

On Thursday will be my last trading day before holidays and I hope to get some click time!

21 pips after breakfast. The entries were purely based on RobinHood rules. (I love the name and myth...)

The reason I got out of the GU trade was the round number and my negative bias against the Pound. Currently the UK is pushing hard against the Russians and I am a little worried that the UK ends up suffering badly.... btw This is not a political statement and is only meant in observation of the news reports.

The AJ trade was pure thread rules trade....no if and but or when or.... push the button, SL set to 10... and let it play out.


Nice live testing so far (3 days trading hard). Rules are per RobinHood, therefore we take the money from Little John. Having spent about 50 hours reading the 190 pages in this thread, I conclude the following:

Low risk strategy due to its short term nature.
Setups come often and mostly the pain from being xxxxx without wanting to be xxxxx (SL is hit) comes less often then normal scalping.
I hate the colors but think that when following competent people, colors are part of the game.
For all the newbies, yes, it can be done but you need to put in hard work.

IMO

You can earn about 4-5 K per month using this approach. The results here are based on a 1000 CHF account. (Lot size 0.5 always, adjusted only for DAX or AJ)

We will see....

In German we say: " Man soll den Tag nicht vor dem Abend loben".

Here in this thread there is everything you need to know for trading FX. FOKUS and read, then think.... all three actions are essential and most people fail in all three.

I would like to give you a small insight into trading this when you get proper access to liquidity. The account increases by about 700K (in a week) but this can only be done with proper tools. The access alone to this liquidity cost about 20K per month.... most of the time the decrease of the account is many times that.... so always prepare for a crash.

This post will make some of you message me with

"Help me....I need coaching". Answer: Yes you do. Please read the thread and practice!
"What indicators are you using?" Answer: xxxxxxxx my answer will get me banned from here and I kind of like this forum, therefore xxxxxxxxx

If you work for a bank and think that you can work with me... no, you cannot. I am impulsive, not reliable, choleric and very abstract minded. Remember: I was a FIXAPI programmer and you gimps in suits were the men. We were the nerds....

PS: I will now crawl back under my rock and spend my time perfecting the setups and exits. If you don't hear from me, I have either blown my account to smithereens or am still trying to do so.

Again, my sincere thanks to Robinhood and 40PipsAlan for allowing us to get an insight into your setups and exits.

Again a good day....and I am soooooooo happy!!!!!! 2 hours and 30 minutes of hard core concentration.

814 Bucks robbed from little John.






Now we need to do this for 4 weeks and then I am confident.

Rules by RobinHood...

EURNZD Lost -136 pips. Daily uptrend, but weekly not confirmed yet. I had to wait untill weekly RSI crosses 50. Too early entry

My active orders now