Trading Made Simple(r)

Hello Again,

Continuation Trade. Here, I was looking for a buy trade-21 was above the 55 EMA. Yellow entry, Red exit.

8 EMA had dipped below 21 and came back up.

Orange RSO crosses below 20 and comes back up.

I exited when Orange RSO was coming Down through the 80.

The RSO is a great indicator. RobinHood was just beginning to explain all of its uses. Hopefully one day he continues with more examples. If anyone spots divergences with the RSO, please post.

Thanks

Dan

AUDUSD H4 divergence
H1 entry when RSI and STOCHs above 50
double bottom, trendline break

Continuation Trade- Yellow Entry, Red Exit.

I took profit at the pivot line. I could of waited until the RSO Orange line looked like it was going to cross the 80 and taken more profit. Oh well, there will be another Continuation Trade to take.

Dan

Nice setups, but as i see you have incorect RSO parameters. If you want to replicate RH original indicator you need 55,12,3 and 12,3,3.

GBPCHF, EURCAD M30

USDJPY M30

Hi Iwan,

Thanks for the heads up. I realize this. These are the settings I like.

Dan

Hi, I noticed that the RSO indicator have 2 sto: 55,12,3 and 12,3,3. is that right? Thank you!

May I ask why you didn’t consider a long position here?

[idézet=kalimac1;15266090]{idézet} Megkérdezhetem, miért nem vettél figyelembe egy vételi pozíciót? {image}[/idézet]
Because I sleep well then. I am in the Central European Time Zone (GMT+2)

USDCHF, USDJPY M30

First of all, I want to sincerely thank Robinhood for creating this thread and for continuing to keep it alive. I hope that whenever he finds time, he continues to post and share his experience, especially for newbies like me, who are eager to learn from him.

I have attached the screenshot of my first two trades using the Robinhood TMMS System

A little background about me:
My broker’s server is on GMT+2.
I began my trading journey with the Trading Made Simple thread by BigE (RIP). However, the sheer volume of information scattered throughout that thread made it difficult to absorb everything. After BigE's passing, the thread lost its direction and has become quite chaotic.
I initially tried reading from the beginning, but soon switched to recent posts. I was shocked to see how some members were attacking Emmanuel7788, despite his/her efforts to help and share valuable insights with new traders.
While searching ForexFactory, I discovered this thread and decided to start learning the method Robinhood has shared, as it seemed structured, supportive, practical and a bit easy as compared to BigE's system where TDI angles were confusing me a lot.

I'm in a full time job in the UK and unfortunately, I can’t monitor the markets between 08:00 and 18:30 (UK time).

I’ve read through this thread once already and plan to go through Robinhood’s posts once again in detail to solidify my understanding.

I’ll also be reading Emmanuel7788’s posts as I find his contributions, especially references to Dr. Van Tharp, very educational.

I’ve taken two trades on the H4 timeframe today after analyzing the higher timeframes (D1 and W1). The conditions seemed favorable at the time of trade.

I risked 0.5% ($500) on each trade and used proper position sizing.

Both trades are currently running, GBPJPY seems moving toward SL. As per Robinhood’s advice, I’ve set both TP/SL and will let the trades play out.

I would deeply appreciate any feedback or suggestions for improvement. Please feel free to comment on the trades as your insights will be highly valuable to me and will help me in deeper understanding

Few Queries if someone can help:
As Robinhood has mentioned several times that he has shared a method, not a strategy. For these trades, I used Template #1 from Post #1. However, I noticed that in recent posts, some members are using a different template, and even Robinhood’s last shared chart appears to use a slightly updated setup.

Should I continue using the original Template #1, or would it be better to switch to the latest version shared in recent posts?
I also want to thank SwingMan for his contributions and for his wonderful work he has shared for this thread.

For now, I plan to focus solely on H4 and D1 timeframes.

Thanks in advance for your help and support.

Best
EN

I’ve marked my entry on the GBPJPY chart with a green vertical line.
At the time I entered the trade, the RSI was above 50 on the H4 chart. I also checked the higher timeframes (D1 and W1), and the RSI was above 50 there as well, so the overall directional bias appeared to be bullish.
However, looking back and analyzing the trade now, I feel that I may have entered too late. It seems I either should have entered earlier or waited patiently for a proper SELL setup instead.
I would really appreciate any comments or constructive criticism on my trades.
Also, I have a question, before executing a trade on H4, should I be using only the D1 chart for directional bias, or should I consider both D1 and W1? I understand that a single D1 candle contains 6 H4 candles, and a W1 candle includes 30 H4 candles, so I’m wondering which is more relevant when trading the H4 timeframe.

Both of my trades appear to be crossover trades, whereas Master Robinhood has suggested that beginners should focus on continuation trades.

In hindsight, I now realize my setups weren’t ideal.

Any guidance will be greatly appreciated as I continue to learn and improve.

Best

EN

Hi, Great trades Pusztafie!! Would it be possible to share your template? It looks so clean. Thanks and Regards!!

[idézet=dreampips;15267082]{idézet} Szia, Nagyszerű kereskedés Pusztafie!! Meg tudnád osztani a sablonodat? Nagyon letisztultnak tűnik. Köszönöm és üdvözlettel!![/idézet]

[idézet=ENoris;15267041]A GBPJPY grafikonon egy zöld függőleges vonallal jelöltem a belépési pontomat. Amikor beléptem a kereskedésbe, az RSI 50 felett volt a H4 grafikonon. Ellenőriztem a magasabb idősíkokat (D1 és W1) is, és az RSI ott is 50 felett volt, így az általános iránybeli torzítás bikapiacinak tűnt. Azonban visszatekintve és elemezve a kereskedést, úgy érzem, hogy túl későn léptem be. Úgy tűnik, vagy korábban kellett volna belépnem, vagy türelmesen várnom kellett volna egy megfelelő ELADÁSI beállításra. Nagyon hálás lennék minden hozzászólásért vagy építő jellegű kritikáért a kereskedéseimmel kapcsolatban. Ezenkívül lenne egy kérdésem: mielőtt H4-en kereskednék, csak a D1 grafikont használjam az iránybeli torzításhoz, vagy mind a D1-et, mind a W1-et figyelembe kellene vennem? Úgy tudom, hogy egyetlen D1 gyertya 6 H4 gyertyát tartalmaz, és egy W1 gyertya 30 H4 gyertyát, ezért azon tűnődöm, hogy melyik relevánsabb a H4 idősíkon való kereskedés során. Mindkét kereskedésem crossover kereskedésnek tűnik, míg Robinhood mester azt javasolta, hogy a kezdők a folyamatos kereskedésre koncentráljanak. Visszatekintve rájöttem, hogy a beállításaim nem voltak ideálisak. Bármilyen útmutatást nagyra értékelek, miközben folytatom a tanulást és a fejlődést. Legjobb EN {image}[/quote]


Entering the trade: I check the price, it should be below the yellow EMA. A downward arrow appears on the smTMMS oscillator, the 4time frame HA is red at least on the H4, H1, M30 timeframes. I wait until the oscillator drops below the 20 level, then I start a short. Confirmation is the crossing of the two stochastics.

Thank you so much for your detailed reply, I truly appreciate your time and support.

Your chart looks very clean and well-organized. If possible, could you kindly share the template and all the indicators you’re using?

It would be a great help for someone like me who’s still learning the system.

From your chart, it appears that you are executing trades on the M30 timeframe. Do you also consider higher timeframes like H1 or H4 before taking the trade, or do you rely mainly on M30 for your setups?

As I have mentioned in my previous post, I’m still new to this strategy and have been using Template #1 from Post 1. In hindsight, I now realize that my entry on GBPJPY was late.

Due to my full-time job and limited screen time, I can only trade using H4 and D1 charts. That said, I’ve been reviewing my trades and setups, and I believe that switching to the latest templates and indicators would help improve my decision making and overall results.

At the moment, my biggest challenge at the moment is How to correctly determine DIRECTIONALBIAS when executing on H4. I currently look at D1 and W1 for context, but I would really appreciate any advice from senior or experienced members on how they handle this aspect.

As per Master Robinhood’s suggestion, I plan to start incorporating EMAs 3, 8, 21, 34, 55, 200 along with the RHO and TMMS Oscillators, to see if this improves the clarity and accuracy of my setups.

I hope Master Robinhood sees this post and, when he has time, can kindly share his current thoughts or updated setup for Forex pairs on MT4. (I’ve read in earlier posts that he’s now more focused on stocks, but I would still love to learn from his Forex experience.)

Thank you once again to Master Robinhood for starting this excellent thread and to all the members who continue to contribute and keep it active.

Best,
EN

Dear Master Robinhood,

Thank you for continuing to share your insights and guidance with us. Your explanation of how you use EMAs to identify continuation trades was incredibly helpful and has given me a much clearer understanding of your method.

I had a few questions I hoped you could kindly clarify when you have time:

1) Are these EMA settings (3, 8, 21, 34, 55, 200) suitable for Forex trading as well? I understand from your post that they work well in your setups, but I was wondering if they are equally effective in the Forex market, especially considering its different dynamics compared to stocks.

2) Is it okay to drop the 200 EMA? Would removing the 200 EMA significantly affect the quality of signals or directional context, or is it mainly a longer term trend filter?

3) What is the best suited timeframe for using these EMAs? Personally, I prefer trading on H4 and D1 due to my limited screen time, and I was curious whether these EMAs are still effective on those timeframes, or if they are better suited for lower ones like M15 or M30.

4) Can these EMAs also be used for determining directional bias? For example, if all EMAs are aligned in the proper order, would that be enough to consider the trend direction confirmed?

While reading through your older posts, I noticed that in some examples, you applied this method even on the M1 timeframe. That shows how flexible it is, and I’d love to better understand how you adapt it across different timeframes.

Your comments would be greatly appreciated.

Thank you again for all the knowledge you’ve shared and for creating this powerful and practical thread for us to learn from.

Best
EN

I am actually trading on M30. Since I can see the higher timeframes on the 4tf time frame indicator, I don't need to look at it. I prefer to look at M5, I don't want to open a long on a red M5 candle. Exit: when the candle changes color and the price goes to the opposite side of the yellow EMA, or when the price reaches the TP.

The pair had such a nice result, I wanted to lock in the profit, so I set a 100-point trailing stop.