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Trading Made Simple(r)

  • #8,401
  • Nov 10, 2022 6:19am Nov 10, 2022 6:19am
Hi RobinHood and colleagues, I'm a newbie, I've read to page 40 and I've continued to the last page, but right now I have a request that I hope someone corrects me with an entry like this, all indicators agree, but HMA opposes for trend continuation entry
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  • #8,402
  • Edited 2:30pm Nov 10, 2022 1:25pm | Edited 2:30pm
Quoting trinhgsm
Hi RobinHood and colleagues, I'm a newbie, I've read to page 40 and I've continued to the last page, but right now I have a request that I hope someone corrects me with an entry like this, all indicators agree, but HMA opposes for trend continuation entry {image}
Personally, I almost always exit when I see 2 or more of our indicators go in the opposite direction of my trade and you had that happen. In fact, you had 3.

The only exception is if ONLY the Synergy_APB and the Heiken Ashi both turn the opposite color, and all of the other indicators remain correct then I will usually stay in the trade.

Also, I would turn those arrows off because I find them to be confusing.
Always a Student, Never a Master - Emulate What Works
  • #8,403
  • Nov 13, 2022 5:05pm Nov 13, 2022 5:05pm
Quoting RobinHood
{quote} Personally, I almost always exit when I see 2 or more of our indicators go in the opposite direction of my trade and you had that happen. In fact, you had 3. The only exception is if ONLY the Synergy_APB and the Heiken Ashi both turn the opposite color, and all of the other indicators remain correct then I will usually stay in the trade. Also, I would turn those arrows off because I find them to be confusing.
Yes you're right the arrows didn't work I deleted it, thanks for pointing it out.
  • #8,404
  • Nov 23, 2022 4:22pm Nov 23, 2022 4:22pm
Hi RobinHood,

Is this thread still active ?
  • #8,405
  • Nov 23, 2022 10:50pm Nov 23, 2022 10:50pm
Quoting piggone
Hi RobinHood, Is this thread still active ?
it is up to the members to keep this thread alive.

trade the continuation... above 50 and below 50,



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,406
  • Nov 23, 2022 11:10pm Nov 23, 2022 11:10pm
XAUUSD Nov24

H4

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W1

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,407
  • Nov 24, 2022 3:13am Nov 24, 2022 3:13am
Hello Robinhood,

On your indicator "RHO" that you posted here, some time ago, could you add an arrow on the chart, when histo crosses the zero up or down.

Thank,s
  • #8,408
  • Nov 24, 2022 11:35am Nov 24, 2022 11:35am
Quoting mchl13
Hello Robinhood, On your indicator "RHO" that you posted here, some time ago, could you add an arrow on the chart, when histo crosses the zero up or down. Thank,s
I can't because I didn't program it.
Always a Student, Never a Master - Emulate What Works
  • #8,409
  • Nov 24, 2022 11:36am Nov 24, 2022 11:36am
Happy Thanksgiving to all who celebrate it today!
Always a Student, Never a Master - Emulate What Works
  • #8,410
  • Nov 24, 2022 6:59pm Nov 24, 2022 6:59pm
Quoting RobinHood
Happy Thanksgiving to all who celebrate it today!

Likewise,

Happy Thanksgiving 2022

and for the pips made with TMS(r)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,411
  • Dec 15, 2022 11:41am Dec 15, 2022 11:41am
Hi all.
I haven't been reading the thread for quite a while and have plenty to catch up with. Starting TMS(r) method again to complement my trading.
I won't lie I'm a bit rusty with RH's methods - using my own mechanical algo right now.
I am in USD/HUF short trade at the minute and I was wondering about the exact entry candle - I think at this point the entry candle could have been one candle prior to my entry.
Any and all constructive criticism is welcome.
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  • #8,412
  • Dec 16, 2022 8:52am Dec 16, 2022 8:52am
Quoting AKozlowski
Hi all. I haven't been reading the thread for quite a while and have plenty to catch up with. Starting TMS(r) method again to complement my trading. I won't lie I'm a bit rusty with RH's methods - using my own mechanical algo right now. I am in USD/HUF short trade at the minute and I was wondering about the exact entry candle - I think at this point the entry candle could have been one candle prior to my entry. Any and all constructive criticism is welcome. {image}
You entered on the correct candle, but your entry was a few pips late. Ideally, you should have entered just below the low of the previous candle.
Always a Student, Never a Master - Emulate What Works
  • #8,413
  • Dec 17, 2022 9:46am Dec 17, 2022 9:46am
Quoting trinhgsm
Hi RobinHood and colleagues, I'm a newbie, I've read to page 40 and I've continued to the last page, but right now I have a request that I hope someone corrects me with an entry like this, all indicators agree, but HMA opposes for trend continuation entry {image}
Hi, can you share me your template and the indicators. Thank you so much.
  • #8,414
  • Dec 18, 2022 11:24am Dec 18, 2022 11:24am
Quoting RobinHood
{quote} You entered on the correct candle, but your entry was a few pips late. Ideally, you should have entered just below the low of the previous candle.
Thanks for your reply!
To be honest, I waited for the candle close - could I have entered on the previous candle - the one that just crossed the EMA5?
  • #8,415
  • Dec 18, 2022 11:28am Dec 18, 2022 11:28am
Quoting mrrobot24815
{quote} Hi, can you share me your template and the indicators. Thank you so much.
Those are indicators from post #1 exactly as described by RH.
The bottom window is TMSr oscillator by Swingman.
I use MT5 so if (like most of the traders) You use MT4 my template and indicators will be useless to You.
  • #8,416
  • Dec 19, 2022 1:09am Dec 19, 2022 1:09am
Very interesting, thank you RobinHood! I will take a look at this with regards to stock trading.
  • #8,417
  • Dec 19, 2022 4:06pm Dec 19, 2022 4:06pm
I will start posting the daily trades that I take.
Please rip those apart if needed - the only proper way to learn.

Money management - risk is divided into 3 portions.
Take profit is in three stages R1, R2, and the third part is running until the exit conditions are applied (no fix TP)
Stop loss is high/low of two bars back.

I trade on H4, D1 and weelky time frames.

I have entered 3 trades today (on H4 chart).
CHF/JPY long at 2% risk
EUR/GBP long at 2% risk
GBP/CHF short at 2% risk

Thanks a lot for any inputs
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  • #8,418
  • Dec 20, 2022 5:36am Dec 20, 2022 5:36am
Quoting AKozlowski
I will start posting the daily trades that I take. Please rip those apart if needed - the only proper way to learn. Money management - risk is divided into 3 portions. Take profit is in three stages R1, R2, and the third part is running until the exit conditions are applied (no fix TP) Stop loss is high/low of two bars back. I trade on H4, D1 and weelky time frames. I have entered 3 trades today (on H4 chart). CHF/JPY long at 2% risk EUR/GBP long at 2% risk GBP/CHF short at 2% risk Thanks a lot for any inputs {image} {image} {image} {image} {image}...
FWIW I was advised to never trust a Yen cross-------------I think todays action helps to remind me of that quote. sorry for your trades on that pair.
  • #8,419
  • Dec 20, 2022 5:41am Dec 20, 2022 5:41am
Quoting btrfx1
{quote} FWIW I was advised to never trust a Yen cross-------------I think todays action helps to remind me of that quote. sorry for your trades on that pair.
There is another quote, beware of news.
  • #8,420
  • Dec 20, 2022 10:03am Dec 20, 2022 10:03am
I was in CAD/JPY short on a daily from Friday, and short JPY on a weekly.
More than paid for CHF/JPY long. It is what it is.
As to news OP of this post doesn't look at them - I have mixed feelings when it comes to news. I passed my evaluation for prop firm and traded for about two years not even looking at the news calendar.
All other pairs in good profit so all in all I don't mind.
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