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Trading Made Simple(r)

  • #9,781
  • Feb 20, 2025 10:47am Feb 20, 2025 10:47am
USDCHF 4H Cross Trade.

1R.
Attached Image (click to enlarge)
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  • #9,782
  • Feb 20, 2025 10:49am Feb 20, 2025 10:49am
Overall finding good sucess using cross method following market structure and trend.

Higher Highs and lows for uptrend and vice versa for downtrend.

Using ma's to guide for direction.
  • #9,783
  • Feb 20, 2025 10:55am Feb 20, 2025 10:55am
14 wins
3 losses.
  • #9,784
  • Edited 2:28pm Feb 20, 2025 11:13am | Edited 2:28pm
Quoting gnomefan
Hello all! Newbie to this method here. Quick question, the candle with the 1st arrow is the one that broke and closed under the 5MA. As per the 1st post, we can enter once this candle closes. However, the candle with the 2nd arrow opened and the bottom part of the chart is still above the 50 line, as marked by the vertical line. If we wait for the 50 level cross in the bottom window and enter, we would've lost about 20 pips from the 5MA cross and i think most of the momentum is gone. What do you say is the best way in this situation? Should we enter...
There is no definitive right or wrong answer here. What's more important is that you choose which one is the best way in your opinion and then to stick to doing it that way every time going forward. Otherwise, when this situation comes up again, it will cause you to be indecisive again.

For me personally, based on the template that you are trading, I would stick to Number 5 under Crossover Trades on Page 1, Post #1 which says:

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

I have a saying, and it is as true in regards to trading as much as, or maybe even more than in anything else that I know of, and it says:

"After the first indiscretion, all others are easy"
Always a Student, Never a Master - Emulate What Works
  • #9,785
  • Feb 20, 2025 11:36am Feb 20, 2025 11:36am
Quoting RobinHood
{quote} There is no definitive right or wrong answer here. What's more important is that you choose which one is the best way in your opinion and then to stick to doing it that way every time going forward. Otherwise, when this situation comes up again, it will cause you to be indecisive as you are now. For me personally, based on the template that you are trading, I would stick to Number 5 under Crossover Trades on Page 1, Post #1 which says: 5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts....
Just passed a Prop firm challenge. Ur methods helped me greatly. Thank u.
  • #9,786
  • Feb 20, 2025 2:29pm Feb 20, 2025 2:29pm
Quoting MaDxPT
{quote} Just passed a Prop firm challenge. Ur methods helped me greatly. Thank u.
That's great to hear. Congratulations!
Always a Student, Never a Master - Emulate What Works
  • #9,787
  • Feb 20, 2025 3:13pm Feb 20, 2025 3:13pm
Quoting MaDxPT
USDCHF 4H Cross Trade. 1R. {image}
clean!

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  • #9,788
  • Feb 20, 2025 3:17pm Feb 20, 2025 3:17pm
Quoting MaDxPT
14 wins 3 losses.
How do you have 14 wins and only 3 loss?
Are you cherry picking the trades to show a higher win % mate?

I am just kidding.

So glad that it is working for you. Let your trades and progress be an inspiration for others to explore this simple trading method further.
Attached Image (click to enlarge)
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Find a strategy that works consistently and then trading becomes easy.
  • #9,789
  • Feb 20, 2025 3:19pm Feb 20, 2025 3:19pm
Quoting MaDxPT
{quote} Just passed a Prop firm challenge. Ur methods helped me greatly. Thank u.
So happy to hear this. Well done mate!!!
Find a strategy that works consistently and then trading becomes easy.
  • #9,790
  • Feb 20, 2025 3:20pm Feb 20, 2025 3:20pm
Quoting Roscearm
{quote} How do you have 14 wins and only 3 loss? Are you cherry picking the trades to show a higher win % mate? I am just kidding. So glad that it is working for you. Let your trades and progress be an inspiration for others to explore this simple trading method further. {image}
Yeah sorry about that x). Thank u. I appreciate it.
  • #9,791
  • Feb 20, 2025 3:22pm Feb 20, 2025 3:22pm
Quoting CogAlpha
{quote} clean! {image}
wow nice coding there!
  • #9,792
  • Feb 20, 2025 3:23pm Feb 20, 2025 3:23pm
Quoting MaDxPT
{quote} Yeah sorry about that x). Thank u. I appreciate it.
nah nah, dont be sorry.

I am glad you did not give up and tried the method yourself.
Like RH says, if one cant make money using this method, then trading is not the best option for them.
Find a strategy that works consistently and then trading becomes easy.
  • #9,793
  • Feb 20, 2025 3:30pm Feb 20, 2025 3:30pm
Quoting Roscearm
{quote} nah nah, dont be sorry. I am glad you did not give up and tried the method yourself. Like RH says, if one cant make money using this method, then trading is not the best option for them.
Yeah these methods of entry with some work is a really good place to reach profitabilty.

I am sticking with smaller R:R for higher winrate thus risking more % of the account than I would with a fixed 2R, 3R etc
  • #9,794
  • Feb 20, 2025 3:33pm Feb 20, 2025 3:33pm
Quoting MaDxPT
{quote} wow nice coding there!
thank you! not perfect yet! but work in progress.
  • #9,795
  • Edited 5:20pm Feb 20, 2025 3:41pm | Edited 5:20pm
Quoting CogAlpha
{quote} clean! {image}
Nice and clean looking chart. Great work with the build as well mate.
Find a strategy that works consistently and then trading becomes easy.
  • #9,796
  • Feb 20, 2025 8:48pm Feb 20, 2025 8:48pm
We have another winner on the EURUSD

The second trade is also active based on 1H timeframe. I know this is an early entry than usual but I am testing this for a new entry method after backtesting.

Scorecard:
Wins: 37
Loss: 11
Attached Image(s) (click to enlarge)
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Find a strategy that works consistently and then trading becomes easy.
  • #9,797
  • Feb 20, 2025 11:06pm Feb 20, 2025 11:06pm
Dear teachers and seniors who use this system, I just entered a continuation trade on AUDUSD and EURUSD on the 1H timeframe. Did I do the right thing?
Attached Image(s) (click to enlarge)
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  • #9,798
  • Feb 20, 2025 11:45pm Feb 20, 2025 11:45pm
Quoting Roscearm
{quote} Hi Straasha, If you dont mind, can you please share a screenshot of the pop-message or alert? I have not changed any setting other than the timeframe, which i changed to 5 from I think 60.
Hello Roscearn.
The problem may come from your interval.
It's defined in seconds! If you set it at 5, it may be too short! Keep me informed and don't hesitate if you want to test any changes.

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  • #9,799
  • Feb 21, 2025 12:22am Feb 21, 2025 12:22am
I also conducted a 1-hour continuation trading on GBPUSD, as I observed bullish trends on both the daily (1D) and 4-hour (4H) timeframes. Was my approach correct?
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  • #9,800
  • Feb 21, 2025 6:36am Feb 21, 2025 6:36am
Quoting Roscearm
We have another winner on the EURUSD The second trade is also active based on 1H timeframe. I know this is an early entry than usual but I am testing this for a new entry method after backtesting. Scorecard: Wins: 37 Loss: 11 {image} {image}
What is that white line on your lower Window? Cheers.
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