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Trading Made Simple(r)

  • #8,941
  • Jun 29, 2024 1:54pm Jun 29, 2024 1:54pm
Quoting emmanuel7788
{quote} Congratulations @SwingMan on your Tesla model X. I am still working hard to achieve my goal in getting this within the next remaining 26 months, https://www.forexfactory.com/thread/...8#post14691838 {image} I was in the dealership showroom this morning and they have a 2024 model with new 20-inch alloy wheel which look gorgeous and really much quieter with foam-filled tyres.. ...
Hi I'm new and I love this thread and Wow thank you for helping newbies like us so much I really liked your contribution in both trading made simple threads anyways I hope you get anything you want in life

Quoting RobinHood
{quote} Look at the 2 charts below from earlier today. The top chart is the 1 min. U/J pair and the bottom chart is a 1 min. chart of a AI stock that I day trade occasionally called Snowflake. How much easier can trading successfully get than this? {image} Always a Student, Never a Master - Emulate What Works
Just had a question Robinhood, I truly love that you help and simplify trading for beginners and I just wanted to ask you currently what do you think is the best trading strategy for a beginner trader like me? I really loved the first post 6 ema strategy but I wanted your updated opinion with specifics on the best trading strategy nowadays for a beginner trader. Also, could you share your thoughts on the use of the MACD indicator for a beginner like me? because it was one of the first I found easy Anyways, thank you!
  • #8,942
  • Jun 29, 2024 6:08pm Jun 29, 2024 6:08pm
Quoting MoDaTrade
{quote} Hi I'm new and I love this thread and Wow thank you for helping newbies like us so much I really liked your contribution in both trading made simple threads anyways I hope you get anything you want in life {quote} Just had a question Robinhood, I truly love that you help and simplify trading for beginners and I just wanted to ask you currently what do you think is the best trading strategy for a beginner trader like me? I really loved the first post 6 ema strategy but I wanted your updated opinion with specifics on the best trading strategy...
Thank you for the kind words and welcome to the thread.

I would not worry about the best way to use the MACD at this point, because I don't.

This thread has evolved over the last 5 years, and for the better, and I am glad that it has as that was always my intent, to just start the conversation.

I think that like anything that is new to someone, and especially in trading, lots of us suffer from (or have suffered from) what I call "Shiny Object Syndrome". We are all looking for or have looked for the Holy Grail in trading. It doesn't exist. Just trust me on this.

Bruce Lee said it best in my opinion and so just follow his advice.

“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”

I get that everyone would ask what that one best kick is, so at this point, I would encourage you to do what I wrote in the last paragraph of Post #8932. Yeah, it's not one kick practiced 10,000 times, but it can be when you combine the concepts together into just one.
Always a Student, Never a Master - Emulate What Works
  • #8,943
  • Jun 30, 2024 5:48am Jun 30, 2024 5:48am
Quoting RobinHood
{quote} Thank you for the kind words and welcome to the thread. I would not worry about the best way to use the MACD at this point, because I don't. This thread has evolved over the last 5 years, and for the better, and I am glad that it has as that was always my intent, to just start the conversation. I think that like anything that is new to someone, and especially in trading, lots of us suffer from (or have suffered from) what I call "Shiny Object Syndrome". We are all looking for or have looked for the Holy Grail in trading. It doesn't exist....
Awesome thank you for your eye-opening advice. you are right most of beginners do come into trading thinking it is easy money and get rich quick but in reality, it is just like any other profession where you gotta put in the work and have discipline to achieve constant profits. Anyways thank you for your response to my questions wish you good luck.
  • #8,944
  • Jun 30, 2024 10:34am Jun 30, 2024 10:34am
@ Robinhood
Hello, I am returning to this thread after quite some time. The latest template is awesome. During the time ,I was away from actual trading, I was still looking at the charts on different timeframes, using the original template provided on page 1 of this thread. The only thing I tweaked there is the rsi entry levels, from the 50 line to 60 and 40. My observation is the entries on the original template with the tweak coincides with entries using the latest template. Heartfelt gratitude to you Robinhood for giving so much back to the community.
  • #8,945
  • Edited 12:29pm Jun 30, 2024 11:40am | Edited 12:29pm
Sometimes I wonder if I am just talking to myself here so I really appreciate the kind words from so many others here.

What no one here knows is that I grew up in an era when men for the most part did not type, nor were they ever taught to.

Therefore, I type with only 2 fingers, one on each hand and many of the longer posts I create take me an hour or more to type, then I retype it to say it in a better or more clear way, and then correct all of the typos as best I can.

My point is, I really appreciate it when someone lets me know that one or more of my posts has helped them as it tells me that my time and effort was not wasted.

It reminds me of this story...

Saving Starfish

Once upon a time, there was an old man who used to go to the ocean to do his writing. He had a habit of walking on the beach every morning before he began his work. Early one morning, he was walking along the shore after a big storm had passed and found the vast beach littered with starfish for as far as the eye could see, stretching in both directions.

Off in the distance, the old man noticed a small boy approaching. As the boy walked, he paused every so often and as he grew closer, the man could see that he was occasionally bending down to pick up an object and throw it into the sea. The boy came closer still and the man called out, "Good morning! May I ask what it is that you are doing?"

The young boy paused, looked up, and replied "Throwing starfish back into the ocean. The tide has washed them up onto the beach and they can’t return to the sea by themselves", the youth replied. "When the sun gets high, they will die, unless I throw them back into the water."

The old man replied, "But there must be tens of thousands of starfish on this beach. I’m afraid you won’t really be able to make much of a difference."
The boy bent down, picked up yet another starfish and threw it as far as he could into the ocean. Then he turned, smiled and said, "Maybe, but at least I made a difference for that one!"
Always a Student, Never a Master - Emulate What Works
  • #8,946
  • Jun 30, 2024 2:07pm Jun 30, 2024 2:07pm
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  • #8,947
  • Jun 30, 2024 4:40pm Jun 30, 2024 4:40pm
Quoting RobinHood
Look at the 2 charts below from earlier today. The top chart is the 1 min. U/J pair and the bottom chart is a 1 min. chart of a AI stock that I day trade occasionally called Snowflake. How much easier can trading successfully get than this? {image} {image}
hey there your strategy seems great just wondering is there any post that you completely explain this strategy and please tell me if not how to use it and then i wanted to ask another thing in your pic you are using the rho v6 is it any different from v4 cause i only could find the v4 version in your posts can ya provide me with the update thank you and pls explain the full strategy to me thank you and was wondering how do you exit using this strategy thank you best timeframe you think is good to trade with this? thank you
  • #8,948
  • Jun 30, 2024 5:02pm Jun 30, 2024 5:02pm
Quoting RobinHood
Sometimes I wonder if I am just talking to myself here so I really appreciate the kind words from so many others here. What no one here knows is that I grew up in an era when men for the most part did not type, nor were they ever taught to. Therefore, I type with only 2 fingers, one on each hand and many of the longer posts I create take me an hour or more to type, then I retype it to say it in a better or more clear way, and then correct all of the typos as best I can. My point is, I really appreciate it when someone lets me know that one or more...
Wow, I had no idea about your typing challenges and the effort you put into crafting your posts. I want to thank you for sharing this story about the starfish and the boy. It's a powerful reminder that even small actions can make a difference, and that every effort counts. I'm grateful for your contributions to this community and the time you take to share your thoughts and experiences with us. Your dedication and perseverance are truly inspiring, and I'm happy to be a part of this community. Keep sharing your wisdom and insights and good luck to you - you're making a difference, one post at a time!
  • #8,949
  • Jun 30, 2024 6:56pm Jun 30, 2024 6:56pm
Quoting suppyguppy
{quote} hey there your strategy seems great just wondering is there any post that you completely explain this strategy and please tell me if not how to use it and then i wanted to ask another thing in your pic you are using the rho v6 is it any different from v4 cause i only could find the v4 version in your posts can ya provide me with the update thank you and pls explain the full strategy to me thank you and was wondering how do you exit using this strategy thank you best timeframe you think is good to trade with this? thank you
I would read and implement what I wrote in the last 2 paragraphs of Post #8932. v4 is close enough to v6 that you can still use it, otherwise you can find it by clicking on the paper clip at the top right of every page of this thread (next to the word ADMIN) and searching for it. Honestly, I don't have the energy to explain the full strategy as it would take me more time than I want to exert at this point in the evening. I would probably start reading at about page 438 and I think you will find what you are looking for.

As for exit strategies, I would read Post #8925.
Always a Student, Never a Master - Emulate What Works
  • #8,950
  • Jul 2, 2024 10:58am Jul 2, 2024 10:58am
Hi RH
May I ask you a question?

I have just read the Spoof's Trading Made Simple(r) Journal at https://www.forexfactory.com/thread/...impler-journal
and found out he gave up this system because of his failure to make it work in a side-way market in Aug, 2019.
I'm quite sure you are aware of the issue he experienced and maybe you have a solution as your trading style and system gets better daily, right?

May I ask you what is your current view on this system's performance in a different market condition?
Can you please update me on what you see is working now, what to look for and what to avoid (when possible)?

Thanks!
  • #8,951
  • Edited Jul 3, 2024 12:43pm Jul 2, 2024 1:35pm | Edited Jul 3, 2024 12:43pm
Quoting pewebly
Hi RH May I ask you a question? I have just read the Spoof's Trading Made Simple(r) Journal at https://www.forexfactory.com/thread/...impler-journal and found out he gave up this system because of his failure to make it work in a side-way market in Aug, 2019. I'm quite sure you are aware of the issue he experienced and maybe you have a solution as your trading style and system gets better daily, right? May I ask you what is your current view on this system's performance in a different market condition? Can you...
First, regarding TheSpoof...

1. I was not ever aware of his thread, and I had never visited it until today.
2. He completely changed to a new template (of his own I can only assume) from mine on August 23, 2019.
3. He last posted in his thread 13 days later after he changed to his own template and has not posted there since Sept. 5th 2019.
4. His last post on Forex Factory was on October 15th 2019.
5. He made 634 posts on FF in almost exactly 2 years and then he vanishes?

So what does all of that tell you?

It tells me that maybe he found out that trading just wasn't for him, or maybe something even more sinister happened to him.

I have a saying...

"Just because Michael Jordan teaches you how to play basketball, it doesn't mean that you can play basketball just like Michael Jordan"

As to what he found out regarding trading in "sideways markets", I have always said that when trading, I look at "one time frame higher" and will only enter trades in that direction, meaning the higher time frame must confirm the direction of a new trade (as in be trending).

Regarding my method's performance in a different market condition, I don't know because I only trade in conditions where I believe that I have an edge. Like you may get very different results when you are trading different sessions, like Tokyo vs. New York. Keep in mind, there is no one definitive way to trade the methods that I posted on Page 1, Post #1 of this thread and I very clearly said that.

"The race does not always go to the swiftest, nor the battle to the strongest, but that's the way to bet"

Aside from trading the Forex occasionally these days, I also swing trade and day trade stocks (every day) using my methods (currently that's: 5 EMA's, 2 RHO's, 1 RSO, VWAP (and Volatility Stops sometimes). Below is a list of stocks that I am currently in and EVERY one of those stocks I used what I just listed to enter them. Plus, both the Daily and the Weekly charts were in an UP trend on EVERY stock when I entered them. Typically, on losing trades, I exit at the most recent swing low on the Daily chart, but not always, like if the Weekly chart is still really strong, then I will sit often through the pullback. Otherwise, I have numerous ways to deal with exiting profitable trades.
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Always a Student, Never a Master - Emulate What Works
  • #8,952
  • Edited Jul 3, 2024 1:21pm Jul 2, 2024 4:08pm | Edited Jul 3, 2024 1:21pm
A few days ago in Post #8942 I wrote:

Bruce Lee said it best in my opinion and so just follow his advice.

“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”

I get that everyone would ask what that one best kick is, so at this point, I would encourage you to do what I wrote in the last paragraph of Post #8932. Yeah, it's not one kick practiced 10,000 times, but it can be when you combine the concepts together into just one.

==============================================================

I will show you what currently would be my "one best kick" if I had one to pick just one. The setup happened today while I was day trading a stock (ETF) called: SPY. It's a version of the S&P 500 that trades like a stock.

This happens to be a Long trade, Short trades are just the opposite.

1. My 5 EMA's are aligned properly. 3 > 7 > 21 > 34 > 55 (> means "greater than" for those that may not know).

2. There is a divergence between price and the orange line in the RSO (the 2 slanted magenta lines, 1 faces up, while the other 1 faces down at the SAME time).

3. The lowest RHO is blue.

4. The top RHO goes from blue to red, and then back to blue, you enter just above the top of the first blue bar.

5. The yellow ema dips below one or more of the other ema's, and then starts goes back above all of them (that signifies a Continuation trade).

6. The orange dots turn back to blue. *You don't need the orange and blue dots, I just happen to like them (they're not available on MT4, that I know of).

7. And most importantly, the blue line in the RSO (the lowest window) is mostly pegged well above the green horizontal line (it's the 80, the lower red line is the 20).

Basically, all of these things listed above must occur at virtually the same time. For me, this means that the stars have "aligned". This far, I have not lost a trade using this exact setup, but they also don't happen all that often.
Attached Image (click to enlarge)
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* In the future, for the sake of simplicity, I will just refer to this specific setup as the "RobinHood Kick".
Always a Student, Never a Master - Emulate What Works
  • #8,953
  • Edited 11:11am Jul 5, 2024 10:40am | Edited 11:11am
RobHood, thanks for posting. Which indi is the blue and orange dots (in the main chart)? The lowest window: is it RSO or RHO? If RHO, what are the settings?
Thank you very much.
  • #8,954
  • Jul 5, 2024 10:49am Jul 5, 2024 10:49am
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  • #8,955
  • Jul 5, 2024 4:39pm Jul 5, 2024 4:39pm
Quoting MidnightRun
RobHood, thanks for posting. Which indi is the blue and orange dots (in the main chart)? The lowest window: is it RSO or RHO? If RHO, what are the settings? Thank you very much.
It is neither. I would think that most traders use the dots for exits as the indicator is called a: Volatility Stop.

I use different settings for different markets and different Forex pairs and different stocks and different Futures contracts. For me, it all depends on how something "moves" as to which settings I use. And, I often do the same thing with the RHO and the RSO.

I would just use the default settings to start off with, and then if you want to, start playing around with different settings.
Always a Student, Never a Master - Emulate What Works
  • #8,956
  • Edited 7:02pm Jul 5, 2024 5:06pm | Edited 7:02pm
Quoting trade1969
{image}
That's a good set of types of divergences to try to memorize or keep in front of you when trading.

Personally, I only use 4 types of Divergences - Pure, Double Tops and Bottoms, and Relative. And, on a much less frequent basis, Trendline.

Some types of divergences are so subtle that you have to really train your eyes to see them (and without even thinking) and that usually takes quite a bit of screen time to master. Plus, the settings you use can have a big effect on how you see divergences. I actually use 4 different settings (using the RSO) at the same time in some instances when I need more clarity.

And then very often when you see one, you have to "jump into the fire with any hesitation" as you have to enter long trades when the price is going down, and short trades when the price is going up, and that takes testicles of steel, or no fear, or just be just crazy.

I could easily write a whole book just on trading divergences. I would suggest watching some YouTube videos to learn about how to trade divergences as videos teach better than just words and pictures in my opinion.

BUT, many traders use the RSI to spot divergences but I would NOT use RSI as my indicator because it's WAY TOO choppy. The RSO is MUCH, MUCH better to use because it's much smoother. Even the RHO is much better than using the RSI.
Always a Student, Never a Master - Emulate What Works
  • #8,957
  • Edited 7:52pm Jul 6, 2024 7:28pm | Edited 7:52pm
I feel that I have given so much to this thread over 5 plus years by way of sharing my nearly 40 years+ of trading experience...and all for free, experience that cost me well over 500k USD (decades ago) with trading mentors, courses, and the such, and with very little appreciation from most who visit here for the most part, relatively speaking, that I will no longer post here until something changes for the better.

For example, people private message me all the time asking for my help and advice and then they don't even have the decency to reply back after I send them the DETAILED information that they asked for. Enough.

Good Luck to all, just know that I honestly have tried my best to help suffering traders here...and for free.

- RH
Always a Student, Never a Master - Emulate What Works
  • #8,958
  • Jul 7, 2024 2:41am Jul 7, 2024 2:41am
Dear Mr. RH
I joined the market in the 2020s and after a series of losses I learned about your system.
I'm very happy to be with your system from the first posts #1...
That all changed and my account was consistently winning when I used just the system from post #1.
Today I sat down to watch more system updates from what you brought to the FF community as well as from Mr. Swingman...
And the surprising thing is that your post this morning is around 7:30 am according to the time where I live in Vietnam.
Personally, in my opinion, this trading method can be applied to make money regardless of any market, from stocks, gold, forex, or even the Coin market. The important thing is whether each individual participating in the market has enough PATIENCE to win HIMSELF or not.
All mistakes will cost you your own account...
Whether there is anyone who doesn't understand you or Mr. Swingman, that's their business...
Personally, I am extremely grateful and grateful for what Mr. RH and Mr. SW have brought to the community recently... their contributions really give me a completely different perspective on the so-called trading...
Just like a beginner can easily learn and practice driving his own car without causing an accident and reaching the finish line by controlling this RH system.
Once again, I am extremely grateful and sincerely thank you for what you - Mr. RobinHood as well as Mr. Swingman and the FF community in this topic bring views that cannot be simpler than the topic itself: Trading Made Simple.
I would like to send my best wishes to you and your family, the best wishes for peace and happiness.
Sincerely yours, dear RH.
  • #8,959
  • Jul 7, 2024 2:59am Jul 7, 2024 2:59am
Quoting RobinHood
. Good Luck to all, just know that I honestly have tried my best to help suffering traders here...and for free. - RH
Thanks for your time and sharing. I havent fully embraced your method, I have tried to replicate the indicators but not been fully successsful. I like the idea of confluence of as many usefull indictators as possible, for lower risk trades. I have taken parts of it (TMMS and double stoch) and use them as part of my decision making, so I thank you for that.
Go well.
Its all just one persons opinion
  • #8,960
  • Jul 7, 2024 4:19am Jul 7, 2024 4:19am
Quoting RobinHood
I feel that I have given so much to this thread over 5 plus years by way of sharing my nearly 40 years+ of trading experience...and all for free, experience that cost me well over 500k USD (decades ago) with trading mentors, courses, and the such, and with very little appreciation from most who visit here for the most part, relatively speaking, that I will no longer post here until something changes for the better. For example, people private message me all the time asking for my help and advice and then they don't even have the decency to reply...

I am new here. About 3 weeks I guess. In fact I have returned to trading after a break of several years following a major disaster which cost me everything....not caused by trading. It was a return I found mentally quite hard. I have loads of experience and knowledge, and a very good understanding of charting and indicator combinations. My problem was hesitantcy. I couldn't "pull the trigger" to enter a trade. Your brilliantly simple, and very well thought out, and extremely effective indicator combination got me through that. For this alone, from me personally, I cannot thank you enough. I will be forever greatful.

Additionally, the assistance you provide others, I have seen to be extensive and comprehensive, far and above that which most others would provide. I am sure you have been a huge help to many, many, new traders. Something I am well aware is time consuming and draining.
On their behalf, I thank you too if they do not have the manners to do it themselves.

For my own trading, I have adapted you methodolgy to suit myself. I have brought in bits of Rob Hoffmans strategy and adaptations to help with ranging issues, poor entries and exits. The future of my trading looks promising again.

Thank you.
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