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Trading Made Simple 149,568 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple(r)

Quoting RobinHood
{quote} YES! Because as I said earlier in post #9665: "There is nothing wrong with where you entered, however, I always enter just below the low of the 2nd red candle back starting from the right side of your chart. I see it all the time where if you "jump the gun" you can end up losing a trade that technically (based on my own rules) you should not have ever been in, or you have to needlessly endure some pain as the trade goes against you some" And here's exactly what I was talking about when I made that statement: {image}
Wow talk about perfect timing. You inadvertently answered a question I didn't even know I needed to ask. I was pondering entrances and as you said to a T, I get in my trade immediately at that incorrect time/spot and I suffer through a 20pip draw down and yeah... Hard to muscle through without saying the trade went the wrong way. This is crucial. Thank you as well! I'm trying to have a set of rules to follow. Yes you have laid out methods and rules throughout this gigantic post and I need to have them beside me.

It's so easy to "understand " a set of methods and rules ...
But enacting them is another story. Strange.

I read through this thread and say "yeah I got this, that makes sense, perfect idea!" Then when I open the charts I'm just like This looks good! Let's buy this! I follow some rules, just some important ones get left out sometimes.
Again, thank you
Sorry for the long winded reply. I'm sick as well. Been sitting at home getting a small taste of what it would be like to do this full time with some glass work hobby on the side. One day!
Currently learning: Market structure.
  • #9,682
  • Quote
  • Edited Feb 6, 2025 6:39am Feb 5, 2025 10:00pm | Edited Feb 6, 2025 6:39am
Quoting Webb1003
{quote} Wow talk about perfect timing. You inadvertently answered a question I didn't even know I needed to ask. I was pondering entrances and as you said to a T, I get in my trade immediately at that incorrect time/spot and I suffer through a 20pip draw down and yeah... Hard to muscle through without saying the trade went the wrong way. This is crucial. Thank you as well! I'm trying to have a set of rules to follow. Yes you have laid out methods and rules throughout this gigantic post and I need to have them beside me. It's so easy to "understand...
You're welcome.

One thing that I WISH that I could impart upon others here is this: Trading successfully is so much more than than just following a bunch of indicators.

It's about at least a dozen of other things that are equally important. "Once you know, you know".

I am not trying to be mysterious here, I am just trying to make an important point about what it takes to consistently trade successfully.

Like Michael Jordan isn't Michael Jordan just because he has mastered one great shot.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} /// "Once you know, you know".///
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting RobinHood
{quote} You're welcome. One thing that I WISH that I could impart upon others here is this: Trading successfully is so much more than than just following a bunch of indicators. It's about at least a dozen of other things that are equally important. "Once you know, you know". I am not trying to be mysterious here, I am just trying to make an important point about what it takes to consistently trade successfully. Like Michael Jordan isn't Michael Jordan because he has mastered just one great move.
It takes blood, sweat, and tears to get there too. I am thankful to have forums like this on cloudy days. -cheers
Continuation trade GbpAud 3h. Currently in profit.
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Quoting MaDxPT
Continuation trade GbpAud 3h. Currently in profit.{image}
Tp hit.
1.30 R
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EurJpy 1h sell. Not the best setup but ended up hitting tp

1.5R
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EurCad 4h Continuation trade
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Kind of a mixed bag today.
I hate being a newbie and holding on to my losers, but that -60pip gbpusd I swear gonna go back up haha.
Currently learning: Market structure.
XAGUSD 4h Continuation entry
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Quoting MaDxPT
EurCad 4h Continuation trade {image}
Closing with a small loss because of big upcoming news for CAD and NFP.
-0.30R.
Quoting MaDxPT
{quote} Closing with a small loss because of big upcoming news for CAD and NFP. -0.30R.
Tp would have been hit. Damn...x)
Quoting Roscearm
3 Demo trades based on Daily TF CADCHF - Long EURCAD - Short EURAUD - Short {image} {image} {image}
Quick update on these demo trades. All going in the right direction.
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Find a strategy that works consistently and then trading becomes easy.
Another demo trade based on Daily TF

AUDCHF - Long
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Find a strategy that works consistently and then trading becomes easy.
+2R on EURUSD short (the second one). Survived the NFP spike up.

Scorecard:
Wins: 30
Loss: 7
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Find a strategy that works consistently and then trading becomes easy.
Quoting Roscearm
+2R on EURUSD short (the second one). Survived the NFP spike up. Scorecard: Wins: 30 Loss: 7 {image}
You're making me wanna switch to Tradingview
At what point with these demos and scorecards do you feel you will switch to a live account? I jump the gun to early... Always. I like to "demo" with a 100$ account and see what I can do with it. That's my testing... I'm sure not everyone feels that way.. just the way I enjoy to do it. The times I've swapped from demo to live it's always just a completely different feeling... When I demo with a small account, I still get that real life feeling. And if I lose I lose it's only 100$.
Currently learning: Market structure.
Quoting Webb1003
{quote} You're making me wanna switch to Tradingview At what point with these demos and scorecards do you feel you will switch to a live account? I jump the gun to early... Always. I like to "demo" with a 100$ account and see what I can do with it. That's my testing... I'm sure not everyone feels that way.. just the way I enjoy to do it. The times I've swapped from demo to live it's always just a completely different feeling... When I demo with a small account, I still get that real life feeling. And if I lose I lose...
I do trade a real account. I am using demo trades to test different entry and exit models. But the core strategy is still what RH has on post 1.

I re-iterate, the scorecard is not to show "I am winning", it is more a journal for me. I can use the charts from the initial few posts and can evaluate how I took trades at the start of the year and how far I have come around the close of 2025 and what methods work/dont work, what entry/exit methods work/dont work etc.

I plan to stick to this strategy (one single strategy) for all of 2025. I am not worried about the win % etc.
Find a strategy that works consistently and then trading becomes easy.
Quoting Webb1003
{quote} You're making me wanna switch to Tradingview At what point with these demos and scorecards do you feel you will switch to a live account? I jump the gun to early... Always. I like to "demo" with a 100$ account and see what I can do with it. That's my testing... I'm sure not everyone feels that way.. just the way I enjoy to do it. The times I've swapped from demo to live it's always just a completely different feeling... When I demo with a small account, I still get that real life feeling. And if I lose I lose...
Yeah MT4 can be a real challenge. I prefer TV. Much easy to modify the parameters and works fast and more importantly, i can use my work laptop for TV but i cant for MT4
Find a strategy that works consistently and then trading becomes easy.
Quoting Roscearm
{quote} I do trade a real account. I am using demo trades to test different entry and exit models. But the core strategy is still what RH has on post 1. I re-iterate, the scorecard is not to show "I am winning", it is more a journal for me. I can use the charts from the initial few posts and can evaluate how I took trades at the start of the year and how far I have come around the close of 2025 and what methods work/dont work, what entry/exit methods work/dont work etc. I plan to stick to this strategy (one single strategy) for all of 2025. I am...
Gotcha. I want to be able to trade gold! Lol I can't. I've been through so many brokers and no one offers the CFD for us residents. Sucks for me I guess. Forex and stocks is what I can trade seems like.
Currently learning: Market structure.
Quoting Roscearm
{quote} I do trade a real account. I am using demo trades to test different entry and exit models. But the core strategy is still what RH has on post 1. I re-iterate, the scorecard is not to show "I am winning", it is more a journal for me. I can use the charts from the initial few posts and can evaluate how I took trades at the start of the year and how far I have come around the close of 2025 and what methods work/dont work, what entry/exit methods work/dont work etc. I plan to stick to this strategy (one single strategy) for all of 2025. I am...
The one that shows the scorecard is for the real account. I am not counting Demo trade wins on to the scorecard.

Demo trading is just for forward testing.
Find a strategy that works consistently and then trading becomes easy.
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