Trading Made Simple(r) | Page 514 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,868 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

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #10,261
  • Apr 23, 2025 1:50pm Apr 23, 2025 1:50pm
Quoting Roscearm
2 successful NAS longs for me today. Same old template, same old method and same old winning streak. {image}
Do u enter trades following purple line direction?
  • #10,262
  • Apr 23, 2025 2:33pm Apr 23, 2025 2:33pm
Quoting MaDxPT
{quote} Do u enter trades following purple line direction?
I've tried to figure out his method too. I look at his charts and I see a couple trades that I would have taken that would have been losses. I guess I'm not sure exactly still what to look for. I mean I know what to look for in the indicators, but I'm meaning like market wisdom type of things. I don't know. The longer I use the method though the better I've been getting at it. I've definitely started to be a little bit more pick and choosey depending on what the rsi has been doing recently when I get a signal. Also I got away from the 5-minute time frame and went to the 15. I used the 15 minute to manage my trade and then the 3 minute for entries
Trying to learn how to learn how to teach a robot how to learn
  • #10,263
  • Apr 23, 2025 2:41pm Apr 23, 2025 2:41pm
Quoting PipsDearth
You've got a 90% WR, 1:1 system and you are looking for other systems?
I am always researching to better my way of trading.
This never stops for me cause my livelihood depends on it.

Quoting PipsDearth
How many set ups do you find a day?
This depends on the day.
It ranges from none to many, but I only look for one set up for the day.
It is in some ways similar to this method as I use momentum to consider a few factors, but I also use ADR along with timing.
  • #10,264
  • Apr 23, 2025 4:02pm Apr 23, 2025 4:02pm
Quoting Roscearm
This thread is pretty much dead. Lets try and revive it. My question to all those who have visited this thread and method recently, do you not have any questions or inputs? No analysis, no charts, no discussion? I see people commenting on stuff that is not as simple and straight forward as the method that RH has given us but it looks like not many people like Keeping It Simple Stupid.
Very good idea !

Here is one question I keep asking myself while looking at those charts, RSI and Stoch moving:

Nowadays, what are the trades that you guys DONT take even when you have a signal as per page 1 post 1 ? and why ?

I know it's part of the game/system to win some and lose some but what are you guys doing to reduce the lose/win ratio ?

I tend to watch the general trend of the moment with higher TF as advised by RH, but I remember you Roscearm saying you don't watch higher TF that much, and there was so many addon to the original post with things like RSO, Swingsman tools, many many comments and so on that I was wondering what would be your opinion on this matter ?
  • #10,265
  • Apr 23, 2025 9:15pm Apr 23, 2025 9:15pm
Quoting MaDxPT
{quote} Do u enter trades following purple line direction?
I think the successful run I am having is mainly due to 2 reasons.

1. I am not in a position to be on the charts regularly to trade, even if the setup provides itself. This keeps me from crappy trades.
2. I am happy to wait for the price action to play out. This comes with experience to see.

Don't just short or long based on the stochs. I don't think even RH does that. He did mention few times that he uses lots of confluences before taking a trade and his success comes from taking continuation trades.

Having said that, although I am having a good run with this method, I think over the long run the win rate might come down.

Do u enter trades following purple line direction?
One of the factor, yes.
Find a strategy that works consistently and then trading becomes easy.
  • #10,266
  • Apr 23, 2025 9:27pm Apr 23, 2025 9:27pm
Quoting LittleJohn25
{quote} Very good idea ! Here is one question I keep asking myself while looking at those charts, RSI and Stoch moving: Nowadays, what are the trades that you guys DONT take even when you have a signal as per page 1 post 1 ? and why ? I know it's part of the game/system to win some and lose some but what are you guys doing to reduce the lose/win ratio ? I tend to watch the general trend of the moment with higher TF as advised by RH, but I remember you Roscearm saying you don't watch higher TF that much, and there was so many addon to the original...
what are the trades that you guys DONT take even when you have a signal as per page 1 post 1 ?

Tell me why I shouldn't take this short on 5 mins? (I am just picking a random price action)

Now look at this price action on the 1min (2nd screenshot), and you have a beautiful trade that matches the exact rules. Would you not take it?
So, it all depends on how you see/read the charts and price action. Concentrate on one or two pairs and try and master it. See how the price reacts to MAs, HMAs, Stochs, RSI etc.

It takes time but well worth it.

but I remember you Roscearm saying you don't watch higher TF that much

I do check for HTF price action, if I am after swing trades (which I generally dont).

Just to clarify, you dont have to do exactly as I am doing to be profitable here.

Just go for 1:1 trades. Play with the settings until you are comfortable to see 1 trade a day. Make it your own.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 77 KB
Click to Enlarge Name: screenshot.png Size: 70 KB
Find a strategy that works consistently and then trading becomes easy.
  • #10,267
  • Apr 24, 2025 2:21am Apr 24, 2025 2:21am
Quoting Webb1003
{quote} I've tried to figure out his method too. I look at his charts and I see a couple trades that I would have taken that would have been losses. I guess I'm not sure exactly still what to look for. I mean I know what to look for in the indicators, but I'm meaning like market wisdom type of things. I don't know. The longer I use the method though the better I've been getting at it. I've definitely started to be a little bit more pick and choosey depending on what the rsi has been doing recently when I get a signal. Also I got away from the 5-minute...
U can use market structure to improve winrate. LLLH for sells and HHHL for buys. Thats what I do. Gives u better trades.
  • #10,268
  • Apr 24, 2025 4:28am Apr 24, 2025 4:28am
Hi Roscearm, MaxPDt and Webb,

Can I check if you have extended timeframe turned on when you trade on Tradingview? I noticed that there is usually a Gap up or Gap down when market open espcially on indexes such as QQQ and SPY.
  • #10,269
  • Apr 24, 2025 4:40am Apr 24, 2025 4:40am
Quoting Roscearm
Make it your own.
I think this is the most vital concept that changed my trading from inconsistent to consistent with confidence.
  • #10,270
  • Apr 24, 2025 7:14pm Apr 24, 2025 7:14pm
+2R on NAS. Should have left a runner going.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 61 KB
Find a strategy that works consistently and then trading becomes easy.
  • #10,271
  • Apr 24, 2025 8:33pm Apr 24, 2025 8:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-24 213021.png Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-24 213158.png Size: 43 KB


Few i took aswell
Trying to learn how to learn how to teach a robot how to learn
  • #10,272
  • Apr 24, 2025 8:46pm Apr 24, 2025 8:46pm
Quoting Roscearm
+2R on NAS. Should have left a runner going. {image}
Wowzers that was a beaut!
I know what you mean though... Now that I've wrapped my head around the strategy, and by that I mean just strictly following the rules lmao, I think I might try and start with 2 contracts with futures. Take 1 off at profit at a 1:2 or a 1:1.5, then move stop to break even, and set my reward second reward at 3 or 4 or however Im feeling that day. If it hits, SWEET, if it dont, SWEET. Still walked away profitable.

I do enjoy to set take profits and walk away. I havent honed in and can control all of my emotions yet. I trust the strategy, just still working on trusting myself. Set and forget. I think some of my best trades have been before bed haha. Set it, forget it.
During the day I have a tendency to sit and peak, and when i see it going against me, my emotions def kick into high gear. That Fear gets me.
Trying to learn how to learn how to teach a robot how to learn
  • #10,273
  • Apr 24, 2025 8:47pm Apr 24, 2025 8:47pm
Quoting Cannonfairy
Hi Roscearm, MaxPDt and Webb, Can I check if you have extended timeframe turned on when you trade on Tradingview? I noticed that there is usually a Gap up or Gap down when market open espcially on indexes such as QQQ and SPY.
Im not sure what you mean?
Trying to learn how to learn how to teach a robot how to learn
  • #10,274
  • Apr 24, 2025 11:15pm Apr 24, 2025 11:15pm
Hi Webb,

I am refering to the extended Time Frame circle in red. I see that you have it turned on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #10,275
  • Apr 25, 2025 5:10am Apr 25, 2025 5:10am
Quoting Webb1003
{quote} Wowzers that was a beaut! I know what you mean though... Now that I've wrapped my head around the strategy, and by that I mean just strictly following the rules lmao, I think I might try and start with 2 contracts with futures. Take 1 off at profit at a 1:2 or a 1:1.5, then move stop to break even, and set my reward second reward at 3 or 4 or however Im feeling that day. If it hits, SWEET, if it dont, SWEET. Still walked away profitable. I do enjoy to set take profits and walk away. I havent honed in and can control all of my emotions yet....
Way to go buddy!!

Once you have got the hang of the strategy, or made your own unique style with rules, then you always have the option to play around with the variables.

The main thing is spotting the setup every day.
Find a strategy that works consistently and then trading becomes easy.
  • #10,276
  • Apr 25, 2025 6:15am Apr 25, 2025 6:15am
XAU +2R
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB
Find a strategy that works consistently and then trading becomes easy.
  • #10,277
  • Apr 25, 2025 6:25am Apr 25, 2025 6:25am
Quoting Roscearm
XAU +2R {image}
oh look!!! me got a yellow thingy next to my profile name, one that shines
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
Find a strategy that works consistently and then trading becomes easy.
  • #10,278
  • Apr 25, 2025 7:16am Apr 25, 2025 7:16am
Quoting Roscearm
{quote} oh look!!! me got a yellow thingy next to my profile name, one that shines {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
Trying to learn how to learn how to teach a robot how to learn
  • #10,279
  • Apr 25, 2025 7:16am Apr 25, 2025 7:16am
Quoting Cannonfairy
Hi Webb, I am refering to the extended Time Frame circle in red. I see that you have it turned on. {image} {image}
Oh, I see. I have never adjusted that. So therefore I'm assuming it comes like that pre-enabled.
Trying to learn how to learn how to teach a robot how to learn
  • #10,280
  • Apr 25, 2025 9:30am Apr 25, 2025 9:30am
Quoting Roscearm
XAU +2R {image}
Hi Roscearm,
nice trade on Gold! on your right side of the pic, are these fib levels? Or what kind of levels are these?
Tks as always.
22 traders viewing now