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Trading Made Simple(r)

  • #8,101
  • Jun 10, 2022 5:41am Jun 10, 2022 5:41am
Quoting heispark
{quote} Hello, Not sure how RHO has an edge over TDI (because your thread title also has "Trade Made Simple" brand). It's same lagging and useless to choppy markets. Your charts in the picture looks a cherry picking in which even simple MA cross can work. It seems I am spreading negativity recently but this is the reality. Trading is not that easy.
Trading is very easy actually, but its certainly not simple.

I wonder why you go on someone elses thread to complain about what they use or dont use?

If you think RHO is useless or this whole System is useless, why dont you just move on and ignore this thread?
  • #8,102
  • Jun 10, 2022 6:17am Jun 10, 2022 6:17am
Quoting heispark
{quote} Hello, Not sure how RHO has an edge over TDI (because your thread title also has "Trade Made Simple" brand). It's same lagging and useless to choppy markets. Your charts in the picture looks a cherry picking in which even simple MA cross can work. It seems I am spreading negativity recently but this is the reality. Trading is not that easy.
I don't share the view that we must all say wonders or just move on. But i would also like to understand your point of view.
I think the examples are cherry picked to be simple to understand, it's meant for beginers i think.

Anyway, honest question, do you have a better strategy for choppy markets, i haven't been doing this long but i researched a lot, and i guess all systems have troubles there. Is there a strategy or an indicator you can poin that works best in those conditions, in your opinion?

I've been desperately looking for that holy grail
  • #8,103
  • Jun 10, 2022 6:32am Jun 10, 2022 6:32am
Quoting Polimini
{quote} I don't share the view that we must all say wonders or just move on. But i would also like to understand your point of view. I think the examples are cherry picked to be simple to understand, it's meant for beginers i think. Anyway, honest question, do you have a better strategy for choppy markets, i haven't been doing this long but i researched a lot, and i guess all systems have troubles there. Is there a strategy or an indicator you can poin that works best in those conditions, in your opinion? I've been desperately looking for that holy...
Day trading is a loser's game. Technology blocks every possible profits from retailers now. Yes, yes, there are always exceptions and I know there are some extra ordinary people here. Why don't you just mimic Warren Buffet and buy stocks he purchased.
Answering your questions, no one knows when market will trend or go choppy. Only market makers know. If you can know, you don't need any fancy indicators. Make sense? If you still need to day trade, I think you should understand market maker's game plan. Of course, that's easier said than done. They enjoy fake moves and trapping others. Personally, I trade natural gas futures spread and quite happy with it. Day trading is now just a hobby to me.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #8,104
  • Jun 10, 2022 6:42am Jun 10, 2022 6:42am
Quoting emmanuel7788
{quote} Hi RH Your thread is a progressive one and staying relevant to the dynamic market conditions. You are like Big E, he was always there to help new traders to learn and to trade better. Big E was always testing, tweeking etc. and finding improvements to his systems/methods {#202 and #216}. What is also important is that your improvements makes it easier for new traders to become better traders....
Hi Emmanuel,

Thank you for your kind comments.

After your post yesterday, I went to Big E's thread for the first time in over 3 years.

I specifically read your posts going backwards from the end for 4-5 pages and I was very impressed with them.

I am certain you could teach us all a lot about trading, so feel free to share anything you want here.

To me, it's all about all of us helping each other whenever we can.

- RH
Always a Student, Never a Master - Emulate What Works
  • #8,105
  • Jun 10, 2022 6:48am Jun 10, 2022 6:48am
Quoting tienphuc2910
{quote} Hi RH, I have a few questions. 1. Is this new template the same as "smTMMS Oscillator_v7.3.1" but because you can't install it on TC200 right? 2. If using this new template is it necessary to follow the RSI on higher timeframes like you said before? Thank you! Sr about my English
It's not the same as the smTMMS Oscillator_v7.3.1, but it basically moves the same way. And, no I can't install it on TC2000.

Trading stocks, I don't look at the RSI at all. I put the same template on 3 different time frames and then I watch all 3 at once.
Always a Student, Never a Master - Emulate What Works
  • #8,106
  • Jun 10, 2022 6:57am Jun 10, 2022 6:57am
Quoting heispark
{quote} Day trading is a loser's game. Technology blocks every possible profits from retailers now. Yes, yes, there are always exceptions and I know there are some extra ordinary people here. Why don't you just mimic Warren Buffet and buy stocks he purchased. Answering your questions, no one knows when market will trend or go choppy. Only market makers know. If you can know, you don't need any fancy indicators. Make sense? If you still need to day trade, I think you should understand market maker's game plan. Of course, that's...
I guess you don't have a problem with this system, you have a problem with them all, then why single this one out? Do you comment the same in all topics?
Have you tried it?
I also don't think this is exclusively a day trading system, but the OP can correct me, you can use it as such or not. He mentioned higher time frames a lot.

For my experience it does work, if you follow some simple rules. Not all of the time, but most of the time. I don't have a big enough history to say it's definetely a winner, but for the time i used it, yep it works
  • #8,107
  • Jun 10, 2022 6:57am Jun 10, 2022 6:57am
Quoting RobinHood
When I created this thread on May 19, 2019 (I just realized that that day was my grandmother's 100th birthday ) I signed off of Page #1, Post #1 with: My hope is that other traders will recognize the power of these templates and contribute even more ways to trade them, hopefully in ways even more effective than I have presented, and that they help traders make a lot more money trading the Forex. - RobinHood And now that has happened many, many times and we are all better off because of it. Thanks to everyone...
Paying forward is the name of the game.
Thank you for your contribution.
Hercs.
Hercs
  • #8,108
  • Jun 10, 2022 7:01am Jun 10, 2022 7:01am
Quoting Coffeebuff
I must share what a rewarding experience it has been for me to get TC2000 downloaded to my screen and awesome installed, it's impressive combination and I know I still have a long way to go re what TC2000 can do for me. I little disappointment when I tried to open a live account, TC provides through IB who are not user friendly to none US citizens, any way those are the breaks. Donald
Good. I like it very much also.

I understand about having to look at charts on one platform and trading through another one because I do it also.

The best ways I have found to deal with are:

1. Buy a MUCH bigger monitor so you have plenty of room to have both platforms open at the same time, side-by-side. I did that on one of my computers (43").

2. Get dual monitors side-by-side. I did that on another one of my computers.
Always a Student, Never a Master - Emulate What Works
  • #8,109
  • Jun 10, 2022 7:04am Jun 10, 2022 7:04am
Quoting FundedCoffee
{quote} Trading is very easy actually, but its certainly not simple. I wonder why you go on someone elses thread to complain about what they use or dont use? If you think RHO is useless or this whole System is useless, why dont you just move on and ignore this thread?
I have a saying...

"You could stand on a corner handing out $100 bills and some would complain that it's not enough"

So if there's nothing HERE to see, why not just move on instead taking your time to just piss on other people's parade?
Always a Student, Never a Master - Emulate What Works
  • #8,110
  • Jun 10, 2022 7:08am Jun 10, 2022 7:08am
Quoting Polimini
{quote} I guess you don't have a problem with this system, you have a problem with them all, then why single this one out? Do you comment the same in all topics? Have you tried it? I also don't think this is exclusively a day trading system, but the OP can correct me, you can use it as such or not. He mentioned higher time frames a lot. For my experience it does work, if you follow some simple rules. Not all of the time, but most of the time. I don't have a big enough history to say it's definetely a winner, but for the time i used it, yep it works...
You will understand what I mean after 10 years of dunning-kruggering. Hope you enjoy it. It no coincidence that it's difficult to find people posting live TE (even live demo) in FF...... Ok, just put me in your ignore list and move on.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #8,111
  • Jun 10, 2022 7:10am Jun 10, 2022 7:10am
Quoting heispark
{quote} Day trading is a loser's game. Technology blocks every possible profits from retailers now. Yes, yes, there are always exceptions and I know there are some extra ordinary people here. Why don't you just mimic Warren Buffet and buy stocks he purchased. Answering your questions, no one knows when market will trend or go choppy. Only market makers know. If you can know, you don't need any fancy indicators. Make sense? If you still need to day trade....Day trading is a loser's game.
You wrote:

Day trading is a loser's game.

And

Day trading is now just a hobby to me.

So are calling yourself a loser?
Always a Student, Never a Master - Emulate What Works
  • #8,112
  • Jun 10, 2022 7:15am Jun 10, 2022 7:15am
Quoting heispark
{quote} You will understand what I mean after 10 years of dunning-kruggering. Hope you enjoy it. It no coincidence that it's difficult to find people posting live TE (even live demo) in FF...... Ok, just put me in your ignore list and move on.
I have no reason to ignore you. I was just hoping the criticism came with some positive contribution on your part. I just want to learn more.

I've made 6 trades today, only missed one. Eight yesterday and also just missed one. And this from someone that didn't knew what Forex was in March i think. I can't really share your view that this is a hopless game.
I just think it's such a great place were people work and share their work for free that is sad to just see negativity. Try it first, just do that. Even on a paper account or with the lowest volume, 0.01, you won't lose much in the worst of cases
  • #8,113
  • Jun 10, 2022 7:22am Jun 10, 2022 7:22am
Quoting Polimini
{quote} I have no reason to ignore you. I was just hoping the criticism came with some positive contribution on your part. I just want to learn more. I've made 6 trades today, only missed one. Eight yesterday and also just missed one. And this from someone that didn't knew what Forex was in March i think. I can't really share your view that this is a hopless game. I just think it's such a great place were people work and share their work for free that is sad to just see negativity. Try it first, just do that. Even on a paper account or with the...
That was very well said. Much more tactful than I would have been when someone called me a loser for doing something that they themselves said they did.
Always a Student, Never a Master - Emulate What Works
  • #8,114
  • Jun 10, 2022 8:12am Jun 10, 2022 8:12am
Quoting RobinHood
{quote} That was very well said. Much more tactful than I would have been when someone called me a loser for doing something that they themselves said they did.
Hi RH,
Winners can smile and losers can please themselves. Thank you for sharing your work.
  • #8,115
  • Jun 10, 2022 8:39am Jun 10, 2022 8:39am
I'm pissed now, i did everything right, after i entered it turned on me, went exactly a little bit over my SL, i lost the trade, and then it turned. WHY! WHY!

i almost considered increasing the SL, but i guess rules shouldn't be broken or this becomes gambling, still, damn.
  • #8,116
  • Jun 10, 2022 9:02am Jun 10, 2022 9:02am
Quoting Polimini
{quote} I have no reason to ignore you. I was just hoping the criticism came with some positive contribution on your part. I just want to learn more. I've made 6 trades today, only missed one. Eight yesterday and also just missed one. And this from someone that didn't knew what Forex was in March i think. I can't really share your view that this is a hopless game. I just think it's such a great place were people work and share their work for free that is sad to just see negativity. Try it first, just do that. Even on a paper account or with the...
You're inspiring me to check out this great trading system mate...also, your win streak is awesome...pls do attach some of your trading setup here so we can learn more
  • #8,117
  • Jun 10, 2022 9:14am Jun 10, 2022 9:14am
Quoting Polimini
I'm pissed now, i did everything right, after i entered it turned on me, went exactly a little bit over my SL, i lost the trade, and then it turned. WHY! WHY! i almost considered increasing the SL, but i guess rules shouldn't be broken or this becomes gambling, still, damn.
Don't feel too bad about, it happens. I am day trading the AUDUSD and it did the same thing to me today.
Always a Student, Never a Master - Emulate What Works
  • #8,118
  • Jun 10, 2022 9:55am Jun 10, 2022 9:55am
Quoting Phoenix99
{quote} You're inspiring me to check out this great trading system mate...also, your win streak is awesome...pls do attach some of your trading setup here so we can learn more
i already told i like maddash a lot and it's concept, i get what to look for there
i use one monitor called multi trend signal, i don't look at it that much but it is helpfull, when everything is the same color or direction
i use hull moving average dashboard for the alerts on all 28 pairs, for H1 at candle close
i use the system from this topic but using a version that RB shared, not the one on the 1st post (the one with the smTMMSoscilator)
i also have others that i picked along my research, but this is enough and it's the one i watch the most

I would say it revolves around the HMA and the MACD, no matter what i try i always use those.

I never go against the higher timezone, if i'm in H1 i wait for it to turn the same direction as H4 (the imediately higher timezone). I like H1.
i always use SL and TP.

In short, if H1 turned the same direction as H4, if the pair is strong/weak as i want it to be, and the setup looks right on the charts i go for it.
edit: i forgot, and the auto trends help to see the big picture.

i can't babysit the screen so i mostly just let the losers go to SL and ocasionaly watch the screen for the winners and 90% i close them myself (very rarely they go to TP), so basically i check it from time to time and close if i think it's good enough. I don't really follow the trend as i wished but i don't have the time now. My theory is if you pick the turning of H1 in the same direction of H4 it will eventually go green most of the times, and it does.
  • #8,119
  • Edited 10:28am Jun 10, 2022 10:09am | Edited 10:28am
entered GBPCHF short now

edit: closed right now at TP, 20 pips (i know i'm humble)
  • #8,120
  • Jun 10, 2022 10:40am Jun 10, 2022 10:40am
Quoting Polimini
entered GBPCHF short now edit: closed right now at TP, 20 pips (i know i'm humble)
"Never be ashamed to take a profit"

You did good.
Always a Student, Never a Master - Emulate What Works
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