Trading Made Simple(r)

Quoting emmanuel7788

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{quote} @SamIam As an newbie to trading, higher priority is to finish reading the OP' posts. Read, study, take notes, and learn EVERYTHING he has posted. Then make your vote , {image} When I review your two trades, it appears that you have missed something very important. ...

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Quoting SamIam.

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{quote} Thanks Emmanuel for the review. Could you maybe give a hint to what I have missed? Yip still reading and will get through all the posts soon enough. Have read the books suggested by OP and a few others as well. Lots and lots of reading

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Quoting emmanuel7788

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May 07, Follow the Weekly and Daily, GBPNZD May 07 London 8am but beware of low timeframe reaction at @2.2178 {image} ... ...

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Quoting Roscearm

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EURUSD +2R this morning {image}

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Quoting Cannonfairy

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{quote} Hi Roscearm, May I know what is the purple line? https://www.forexfactory.com/attachm...1?d=1745817289 Also may I know if you have extended time turn on or are you using regular. {image}

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Quoting Roscearm

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{quote} May I know what is the purple line? That is HMA 69. You can play around with the settings if you like. I am now using HMA 150. Also may I know if you have extended time turn on or are you using regular. I think this depends on the instrument one is trading. If I check for MNQ or GC, yes it has ETH on. For others it is just regular TH.

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Quoting csierravh

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{quote} Hi Roscearm, you are using the HMA 150 for your classical 5 min chart? If so, could you comment your idea for that. Tks

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Quoting Cannonfairy

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Thank you very much. May I also know if you have any alert set in place using Tradingview?

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Quoting SamIam.

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In the spirit of learning, I will also post a trade I have taken that again on second thought I now realise I may have been hasty. Maybe this will also help some other newbie that is also learning. Anyway, Thought process, Did the top down approach from weekly chart to 4H chart. Weekly shows overall bullish trend, currently in a pullback with signs of this coming to an end. Daily chart consolidating but showing a possibilty of the continuation of the uptrend. 4H fairly range bound currently but I took the trade anyway on the 4H, why because at the...

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Quoting Jonhathan123

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{quote} I see the Daily - Weekly Trend by TMS(r) is still in a downtrend. So why did you Buy H4? 2nd as post 1, you entered at the 4th price bar while the crossover happened at the 1st model bar According to the HTF analysis rules, you can't buy either. According to the individual blind Trade rules, you buy. This is just my personal opinion. Sorry, my English is not good

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Quoting Roscearm

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{quote} absolutely and so should everyone. You should also have one for Stochs crossing 50 level. {image}

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Quoting SamIam.

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Short taken on the NZDUSD Daily. Weekly bias is bearish and there is a double top on the Daily. All indies align on the Daily as well. {image}

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Quoting Roscearm

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{quote} Hey Buddy, Thank you for your kind words. Happy to help where I can. You will start to see many things once you spend enough time on the charts. What RH has given is the most simplest and the easiest method you can adopt and build a very profitable system out of it. Coming to your question about MT5: I use MT4, MT5 or Ninja Trader mainly for trade executions. I do not do charting on these. Like even if I do, i revert to TradingView for charts. Nothing beats TradingView (at least as per me) for charting purposes and the ease with which you...

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