Trading Made Simple(r)

Quoting RD12

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{quote} Thanks for the feedbacks and i will def take a look at it again, look forward to your conclusion of your FX switch. Is it possible to send you a private message? I dont want to clutter the thread with all my questions. Lmk whats the best way. Kind regards

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Quoting RobinHood

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After having day traded the Forex using the Triple Threat template on Monday, and using it to trade stocks on Tuesday, today I traded both of them together at the same time. What I was most surprised to learn is that it was MUCH easier to day trade the Forex, at least it was today. When you look at the image below I think you will immediately see why. I am going to do the same thing for the next 2 days and then decide which one I will use to day trade every day, and not the other. {image} Next, I wanted everyone to see this chart of the 1 min. USD/JPY...

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Quoting smartvin

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Thanks, Robinwood. May I know where you want to exit or stop the trade, particularly in stocks. {quote}

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Quoting RobinHood

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{quote} It's RobinHood. I place my stop just below the most recent low most often.

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Quoting RobinHood

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{quote} Thank you for the kind words. 1. Do the colour bars (blue or red) on each of the 3 indicator screens need to line up simultaneously in the same direction to generate an entry signal. No, you just enter whenever all 3 are the same color at the same time. 2. What if 2 of them line up at the same time but the 3rd only comes into line a few bars later. Is it then too late to enter or is it still a valid entry signal. It's still valid. 3. How are the arrows on the indicator screens used for long and short signals. For example, is an arrow on...

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Quoting RobinHood

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After having day traded the Forex using the Triple Threat template on Monday, and using it to trade stocks on Tuesday, today I traded both of them together at the same time. What I was most surprised to learn is that it was MUCH easier to day trade the Forex, at least it was today. When you look at the image below I think you will immediately see why. I am going to do the same thing for the next 2 days and then decide which one I will use to day trade every day, and not the other. {image} Next, I wanted everyone to see this chart of the 1 min. USD/JPY...

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Quoting pb41

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{quote} Many thanks for the explanation. If I understand correctly then, you would enter only if and when all 3 indicators line up for the first time even if this means missing the initial part of the trend. Does this not also increase the probability of entering just before a pullback or a period of consolidation or are you looking to catch the bulk of longer-lived trends and willing to sit through those periods.

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Quoting RD12

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What i wanted to ask is how do you approach day trading fx. What do you normally look for before you start your trading day? Do you just pick 1 or 2 pairs or do you scan and look for a certain trend before you start? If you choose a pair, you just trade that pair for the whole day? What time do you start and for how long do you trade for ? (ny time) On what time frame do you enter a trade? If everything turns blue/red you just go long/short? When do you decide to go out of the trade using tripple thread? When all everything turns blue/red again...

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Quoting pb41

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{quote} Many thanks for the explanation. If I understand correctly then, you would enter only if and when all 3 indicators line up for the first time even if this means missing the initial part of the trend. Does this not also increase the probability of entering just before a pullback or a period of consolidation or are you looking to catch the bulk of longer-lived trends and willing to sit through those periods.

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Quoting RobinHood

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{quote} What do you normally look for before you start your trading day? What the higher time frames are doing. Do you just pick 1 or 2 pairs or do you scan and look for a certain trend before you start? 2 of ONLY these pairs. USD/JPY. GBP/USD. EUR/USD. AUS/USD (because they MOVE a lot) and, yes, I look at all 4 pairs and then decide on trading only 1 or 2. If you choose a pair, you just trade that pair for the whole day? I trade whichever of the two pairs gives me a trade first, but I may alternate pairs during the day. What time do you start and...

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Quoting RobinHood

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After having day traded the Forex using the Triple Threat template on Monday, and using it to trade stocks on Tuesday, today I traded both of them together at the same time. What I was most surprised to learn is that it was MUCH easier to day trade the Forex, at least it was today. When you look at the image below I think you will immediately see why. I am going to do the same thing for the next 2 days and then decide which one I will use to day trade every day, and not the other. {image} Next, I wanted everyone to see this chart of the 1 min. USD/JPY...

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Quoting faktmany

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{quote} you can share the template and settings

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Quoting Kyle

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{quote} Hello all, I would also appreciate a packaged template from Robin. Only because the attachments section is rather flooded and I'm not sure which to use. Many thanks!

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Quoting RobinHood

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{quote} Yes, all 3 would have to be the same color at the same time. Yes, it increases the probability of entering just before a pullback or a period of consolidation but it also decreases possibility of me losing. I just stay in a trade until something tells me to get out. And that comes with LOTS of experience and screen time.

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Quoting dgold

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{quote} Hi,go to page 441 post 8806 and get the 2 indicators and template or since u are used to the attachment section download the last 3 indicator by trade1969

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Quoting RobinHood

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{quote} Thank you for the kind words. 1. Do the colour bars (blue or red) on each of the 3 indicator screens need to line up simultaneously in the same direction to generate an entry signal. No, you just enter whenever all 3 are the same color at the same time. 2. What if 2 of them line up at the same time but the 3rd only comes into line a few bars later. Is it then too late to enter or is it still a valid entry signal. It's still valid. 3. How are the arrows on the indicator screens used for long and short signals. For example, is an arrow...

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Quoting SwingMan

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New version RHO-Pro-6 {quote} Your comment is correct! I reacted too quickly when RobinHood set the slow line parameters to zero in his chart. In this case the slow line crosses the zero line (Ma1/2 Periods = 0), and in the standard case it is the fast line that crosses the zero line. Here is the corrected version. {file} {image}

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Quoting Tuatuanlq

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{quote} {quote} Thank you for the input, greatly appreciated thank you very much for this fascinating thread and your generosity and kindness in sharing your knowledge, it would be great if you could add a function to send an alert when the bar changes from red to blue (or from blue to red) I really hope you can help me, it would be great if you could add the function to send alert when bar changes from red to blue (or from blue to red) That would be a very expected function, thank you very much {image} 4729479

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Quoting RobinHood

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{quote} SwingMan, I can see why others would like that function added, and it's okay with me as long as we can turn it on and off. Personally, I would rather it be set to off by default, otherwise I will be getting pop-up alerts constantly as I often have 8 charts open at the same time unless I go in one by one and turn them off. Plus, often times when you switch time frames, an indicator will reset to it's default settings which would be problematic for me if it'd defaulted to "on".

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