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Trading Made Simple(r)

  • #9,581
  • Jan 28, 2025 2:25pm Jan 28, 2025 2:25pm
Quoting Roscearm
+2R on Gold (3R actually) Scorecard: Wins: 23 Loss: 3 Also trying the short using the same setup. Lets see how this one goes {image} {image}
Roscearm, thanks for posting.
Whats the 3rd MA in the chart (purple)?
Thanks.
  • #9,582
  • Jan 28, 2025 4:21pm Jan 28, 2025 4:21pm
Quoting MalvernTrust
{quote} Glad to hear from RH after a long time :-) Congratulations, Roscearm, on your impressive winning streak! Could you please share your TradingView chart with the indicators you're using? I'm particularly interested in learning from your strategy, as I've never tried trading on M5 charts before. From what I gather, you're aligning your M5 trades with higher timeframe charts like H1 and H4. may be you are trading at the specific time of the market openeing or power hour , Not sure , I'd love to see how you're setting up your charts and utilizing...
Hi there MT,

Thank you very much for your kind words.

My strategy is no different to RH's. Its just that I am mainly on the 5mins for scalping trades.

I have uploaded the template to this thread before and here it is for your reference. https://www.tradingview.com/chart/BL87KNZz/

The stoch indicator i use is https://www.tradingview.com/v/kVJIw2Ct/

Let me know if you have any issues in setting up.

I am trying to scalp on the LTF and swing trade on HTF. I do not align the LTF with MTF bias most of the time. I just have a quick peek on what 1H, 4H or 1D is doing but as I am scalping, i am not too strict on TF alignment. The peek is to see if I can also do a swing trade on the same pair. Hope that makes sense.

I have an alert setup for the Stoch and RSI crossing the 50 line (and few other alerts). This is how I look for the trades.
Find a strategy that works consistently and then trading becomes easy.
  • #9,583
  • Jan 28, 2025 4:25pm Jan 28, 2025 4:25pm
Quoting MidnightRun
{quote} Roscearm, thanks for posting. Whats the 3rd MA in the chart (purple)? Thanks.
That is another HMA too with either a 69 or 100 length. I have often seen price respecting these levels and bouncing. I was using this on a different strat and used the same for this strat as an additional confluence.
Find a strategy that works consistently and then trading becomes easy.
  • #9,584
  • Jan 28, 2025 6:12pm Jan 28, 2025 6:12pm
Quoting Roscearm
{quote} Hi there MT, Thank you very much for your kind words. My strategy is no different to RH's. Its just that I am mainly on the 5mins for scalping trades. I have uploaded the template to this thread before and here it is for your reference. https://www.tradingview.com/chart/BL87KNZz/ The stoch indicator i use is https://www.tradingview.com/v/kVJIw2Ct/ Let me know if you have any issues in setting up. I am trying to scalp on the LTF and swing trade on HTF. I do not align the LTF with MTF bias most of the time. I just have...
Thank you so much, Roscearm, for sharing your chart and trading strategy! I really appreciate it!
  • #9,585
  • Edited 6:56pm Jan 28, 2025 6:21pm | Edited 6:56pm
Attached Image (click to enlarge)
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Scratching the trade for now. Volume is extremely thin and there's no momentum during the Asia session. Market participants seem to be waiting for tomorrow's FOMC announcement. Will reassess and try again later tomorrow during USA session.
  • #9,586
  • Jan 28, 2025 8:51pm Jan 28, 2025 8:51pm
Quoting Straasha
{quote} Done. v0.4 {image} {file} {file}
It does not update in real time on the chart and every time a new candle appears on the chart, I will receive an email informing me that RSI is 0.00.
can you fix it?
Thank you.
Attached Image (click to enlarge)
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  • #9,587
  • Jan 29, 2025 12:59am Jan 29, 2025 12:59am
Quoting Roscearm
+2R on Gold (3R actually) Scorecard: Wins: 23 Loss: 3 Also trying the short using the same setup. Lets see how this one goes {image} {image}
-1R on the GOLD short trade. Interestingly it reversed from the SL area to go hit the target.
We move on.

Scorecard:
Wins: 23
Loss: 4
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 73 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,588
  • Jan 29, 2025 2:32am Jan 29, 2025 2:32am
Quoting Roscearm
{quote} -1R on the GOLD short trade. Interestingly it reversed from the SL area to go hit the target. We move on. Scorecard: Wins: 23 Loss: 4 {image}
Hey Roscearm, I want to play with the code from the scripts you use in your subwindow....
Whenever you have time, could you explain what exactly you look for with your oscillator?
  • #9,589
  • Jan 29, 2025 3:44am Jan 29, 2025 3:44am
Quoting Dezzz
{quote} Thank @RobinHood @SwingMan and @pewebly for combined 2 great indicators of this thread, It works very accurately and saves me a lot of time.



Can you explain, how they work together?
  • #9,590
  • Edited 7:20am Jan 29, 2025 5:42am | Edited 7:20am
Long Gold on M5 Long US30 on M5

US30 +2R hit , Gold not moving higher
Gold Closed at +1R

Trade Update : +3R

Jan 28th Asia session : Gold Long BE
Jan 29th USA session : Gold Long +1 R and US30 Long +2R
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  • #9,591
  • Jan 29, 2025 11:42am Jan 29, 2025 11:42am
US 30 Long on M1 Chart during FOMC + 2.6 R about to hit the target
Attached Image (click to enlarge)
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  • #9,592
  • Jan 29, 2025 9:57pm Jan 29, 2025 9:57pm
Quoting Dezzz
{quote} It does not update in real time on the chart and every time a new candle appears on the chart, I will receive an email informing me that RSI is 0.00. can you fix it? Thank you. {image}
Hello. Fixed.
Test it please.
Attached File(s)
File Type: ex4 RSI TMS Color_v0.42.ex4   10 KB | 194 downloads
File Type: mq4 RSI TMS Color_v0.42.mq4   6 KB | 251 downloads
  • #9,593
  • Jan 29, 2025 10:15pm Jan 29, 2025 10:15pm
Quoting Straasha
{quote} Hello. Fixed. Test it please. {file} {file}
It works perfectly.
Thank you so much!!!
  • #9,594
  • Jan 30, 2025 1:36am Jan 30, 2025 1:36am
+2R today. This was a very late entry.

Guess it was good that I got extra confirmation of it closing above the purple line.

Scorecard:
Wins: 24
Loss: 4
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 59 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,595
  • Jan 30, 2025 1:42am Jan 30, 2025 1:42am
Quoting CogAlpha
{quote} Hey Roscearm, I want to play with the code from the scripts you use in your subwindow.... Whenever you have time, could you explain what exactly you look for with your oscillator?
Hey buddy,

The rules are mentioned here with a screenshot. Hope this helps.

Trade rules: https://www.forexfactory.com/thread/...mpler?page=476 Post 9511

Please note, I do deviate from the rules slightly for earlier entries, but the method is still the same.
Find a strategy that works consistently and then trading becomes easy.
  • #9,596
  • Edited 7:49am Jan 30, 2025 6:41am | Edited 7:49am
US30 Long M5 expecting a 2 R lets see, there is a news in 20 minutes

Booking 1.75 R


Jan 28th Asia session : Gold Long BE
Jan 29th USA session : Gold Long +1 R and US30 Long +2R
Jan 29th USA Afternoon : US30 M1 Long during FOMC +2.6 R
Jan 30th USA Morning Session : US 30 M5 Long + 1.75 R
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  • #9,597
  • Jan 30, 2025 8:32am Jan 30, 2025 8:32am
Hello everyone,

Does anyone know where I can find these indicators for MT5?

(Page 1)

Thanks !
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  • #9,598
  • Edited 8:46am Jan 30, 2025 8:33am | Edited 8:46am
M1 SPX500 Long taken after VWAP reached bottom and #1 Template aligned expecting 2R may be 1-1.5 R very likely

Lunch time is approaching Closing at + 1.4 R
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  • #9,599
  • Jan 30, 2025 11:04am Jan 30, 2025 11:04am
M1 SPX500 Short

Stop loss Hit

Jan 28th Asia session : Gold Long BE
Jan 29th USA session : Gold Long +1 R and US30 Long +2R
Jan 29th USA Afternoon : US30 M1 Long during FOMC +2.6 R
Jan 30th USA Morning Session : US 30 M5 Long + 1.75 R US 500 + 1.4 R - 1R
Attached Image(s) (click to enlarge)
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  • #9,600
  • Jan 30, 2025 11:55am Jan 30, 2025 11:55am
+2R from the second trade.

The first trade I took I have the SL of the 15min high. This is where I mentioned I slightly deviate from the rules.

I think GOLD may go lower. This is not financial advice.

Scorecard:
Wins: 25
Loss: 4
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB
Find a strategy that works consistently and then trading becomes easy.
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