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Trading Made Simple(r)

  • #10,501
  • Edited Jun 10, 2025 8:03am Jun 9, 2025 2:18pm | Edited Jun 10, 2025 8:03am
Quoting ENoris
{quote} Dear Sensei Robinhood, Thank you for sharing this powerful mindset shift. Viewing a losing trade as an “unsuccessful system trade” rather than a personal failure makes a lot of sense, and I will definitely start applying this approach. The mental game really is the hardest part, and your guidance helps simplify it. Also, a request if and when time allows, I will be extremely thankful and appreciate if you could share some updated thoughts or tips for Forex trading, especially for those of us still using MT4. Your earlier insights and methods...
You're welcome, I appreciate it.

I too still use MT4, but I have not been trading the Forex very much for the last few years except for on the days that the stock market is closed and the Forex is open so I don't really have anything new to say about it.

HOWEVER, to me, a trading chart is a chart is a chart is a chart, it doesn't matter to me the asset class/market/instrument. I just like the way stock and Futures "move" better than I do the Forex.

When possible, I DO often trade everything in the very same way IF I have all the same indicators available to me.

For example, what I posted in Post 10,494, I would trade that method in exactly the same way whether I was trading stocks, Futures, Cryptos or the Forex.

When it comes to trading different types of asset classes (re: stocks, Futures, cryptos, Forex, etc.), you have to learn "which part of town" that you feel the most comfortable in, or the happiest in, or safest in, or the most profitable in, etc.

I feel that the VAST majority of new traders only trade the Forex because the "barrier of entry" is so low. Whereas when day trading stocks in the U.S. you need a minimum of 25k USD in your trading account to day trade stocks every day. And Futures is somewhere in between.

Also, I am also turned off by the Forex because I found out that there are a LOT of charlatans in the Forex trading industry (which I hate) as in brokers and educators and YouTube trading guru's...all trying to separate traders from their money.

For example, I ALWAYS held my main Forex broker "OANDA" to the highest regard, and that's where I have one of my Forex trading accounts, HOWEVER, they were fined heavily for multiple violations, meaning, they didn't just make one simple mistake that was "unintentional".

Here's ChatGPT has to say about it:

OANDA Corporation faced significant regulatory penalties due to multiple compliance failures identified by U.S. regulators. In August 2020, the Commodity Futures Trading Commission (CFTC) fined OANDA $500,000 for violations related to capital, reporting, and supervision rules. Specifically, OANDA failed to meet minimum net capital requirements between April and August 2019, violated equity withdrawal restrictions by making unauthorized dividend payments in October 2018, April 2019, and May 2019, and lacked adequate internal controls and supervision over its operations. financemagnates.com+5financefeeds.com+5financemagnates.com+5usaherald.com+4cftc.gov+4financefeeds.com+4usaherald.com+5atozmarkets.com+5financemagnates.com+5

Additionally, in April 2021, the National Futures Association (NFA) imposed a $200,000 fine on OANDA for deficiencies in its compliance practices. The NFA found that OANDA failed to submit accurate daily forex reports, implement an adequate anti-money laundering program, maintain a sufficient information systems security program, and properly handle and document customer complaints. These issues were compounded by inadequate supervision and repeat deficiencies despite prior warnings. reddit.com+3financefeeds.com+3fxnewsgroup.com+3oanda.com+3brokersview.com+3fxnewsgroup.com+3brokersview.com+3fxnewsgroup.com+3oanda.com+3

These regulatory actions highlight the importance of robust internal controls, accurate reporting, and diligent supervision in maintaining compliance with financial regulations.

-------------------

After I heard that, I removed 99+% of my money from my OANDA account and now only trade the Forex through another broker I have called "Interactive Brokers" which is also where I trade mostly trade stocks and Futures.
Always a Student, Never a Master - Emulate What Works
  • #10,502
  • Edited 3:05pm Jun 9, 2025 2:46pm | Edited 3:05pm
Quoting RobinHood
Regarding the RSO (RobinHood Stochastics Oscillator)...{image}
i have been using your 12-3-3/55-10-3 stochastics setup for some time and i call it the "crystal ball" LOL

i have been able to understand how to use divergences through multiple screen time hours, there are a multiple ways to use it like you've said, i also use CSP price action patterns and top down analysis from emmanuel on Big E thread posted, together they are all powerful ways to trade the markets.

incredible to think all these knowledge is posted for free on this website...
  • #10,503
  • Edited 4:15pm Jun 9, 2025 3:38pm | Edited 4:15pm
Quoting StonebankS1
{quote} i have been using your 12-3-3/55-10-3 stochastics setup for some time and i call it the "crystal ball" LOL i have been able to understand how to use divergences through multiple screen time hours, there are a multiple ways to use it like you've said, i also use CSP price action patterns and top down analysis from emmanuel on Big E thread posted, together they are all powerful ways to trade the markets. incredible to think all these knowledge is posted for free on this website...
I am pleased to hear when others have learned "appreciate" the power of the RSO. All I can do is "lead the horse to water", I can't make it drink it.

In my opinion, one of the best and most reliable RSO trading entries is when the blue RSO line is "pegged" above the 80 and the orange line "dips" below the 20 (or very close to it) and then starts back up. And, vice-versa for Short trades.

This most often works because the blue line is telling you that there is a "strong" trend going on, and the orange line is effectively pointing out the probable continuation back in the direction of the main trend (the blue line), i.e., A Continuation Trade.

Now, wonder how long it will be before some of the "trading gurus" start selling it as "their" own. LOL. Because it WILL happen as it always does.
Always a Student, Never a Master - Emulate What Works
  • #10,504
  • Edited 5:28pm Jun 9, 2025 4:11pm | Edited 5:28pm
I am going to do something today that I very rarely ever do which is share my trading results from today but I am going to do it for several reasons.

1. I am going to "prove" that I do day trade the stocks that I said I was trading (Post #10,499 earlier today) and overall...successfully, as to inspire others.
2. I am going to show (not share) the new template (that I created yesterday) that I used for the first time today.
3. I traded ONLY 10 min. charts all day.
4. Because of using a new template today, and the new time-frame I used today, I only traded a smaller size than I normally do each day.

Over 3 hours ago, in Post #10,499, I said that I was trading these 7 stocks today: NVDA, PLTR, AMD, AAPL, GOOG, AMZN and IOVA.

Every chart is using the exact the same template and settings.

Here's what my main trading screen from today looks like:
Attached Image (click to enlarge)
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Here are my results for today:
Attached Image (click to enlarge)
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*Note: I don't (and can't) trade HPIL & PAL.CR, because they both went broke long, long ago, but my broker won't remove them because I "technically" still own shares in them.

On the 3 losing stocks, I was well ahead on all 3 at some point but I got stopped out by using Trailing Stops (which I always do).

The theme here is: "Cut Your Losses Short, And Let Your Profits Run"
Always a Student, Never a Master - Emulate What Works
  • #10,505
  • Jun 9, 2025 5:35pm Jun 9, 2025 5:35pm
Quoting RobinHood
I am going to do something today that I very rarely ever do which is share my trading results from today but I am going to do it for several reasons. The theme here is: "Cut Your Losses Short, And Let Your Profits Run"
Thank you once again Sensei, for your generous insights and continued presence in this thread.

Your willingness to share not just your knowledge but also your results is both inspiring and humbling. The recent explanation of the RSO setup, especially the "pegged blue and dipping orange", is incredibly helpful and brings much needed clarity to this powerful tool.

Seeing your transparency with live trades and your constant innovation is a great motivation for many of us who are still refining our craft. It's no surprise that you continue to stay ahead, not just with strategy, but also with mindset which I beleive is the real edge in trading whether its Forex or Stocks.

Hopefully, when time permits, you might consider sharing some of your newer thoughts or setups specifically for Forex trading, especially on MT4. I know many of us among your 300+ subscribers still trade FX daily and would deeply appreciate any updated tools, templates, or advice from your latest innovations for Forex.

Thank you once again for all that you’ve done and continue to do for this community.

Stay blessed.

Best
EN
  • #10,506
  • Jun 9, 2025 5:44pm Jun 9, 2025 5:44pm
Quoting ENoris
{quote} Thank you once again Sensei, for your generous insights and continued presence in this thread. Your willingness to share not just your knowledge but also your results is both inspiring and humbling. The recent explanation of the RSO setup, especially the "pegged blue and dipping orange", is incredibly helpful and brings much needed clarity to this powerful tool. Seeing your transparency with live trades and your constant innovation is a great motivation for many of us who are still refining our craft. It's no surprise that you continue to...
Thank you for the kind words. What I said in Post #10,501 today should tell you the answers to what you are asking in reference to me trading the Forex.
Always a Student, Never a Master - Emulate What Works
  • #10,507
  • Edited 11:55am Jun 10, 2025 10:44am | Edited 11:55am
I am leaving to go Foxwoods casino for a 3 day getaway later today (I don't want to go but it's one of my wife's birthday presents from me), so I am done trading for the day so I will post my results now as to inspire people that trading successfully CAN be done on a daily basis when you really know what you are doing and have the "confidence" to execute the trading opportunities properly.

Do I win every day? No, because some days failed signals (or trailing stops) can cause you to lose more money than you net win on winning trades. Or, maybe I take no trades because I am travelling, have appointments, don't feel well, etc.
Attached Image (click to enlarge)
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Never give up on trading! It CAN be done successfully by anyone, and this is how I am proving it to you. If you really dedicate yourself to it,
and if you want it bad enough to persevere through the pain of the learning curve. And, it's OKAY if it takes you years to do it. The rewards are worth going through the pain.

One of my favorite sayings is: "For Every Disciplined Effort Comes Multiple Rewards"

Here's the secret to success: Persistence, Determination and Desire ARE Required!
Always a Student, Never a Master - Emulate What Works
  • #10,508
  • Jun 10, 2025 11:04am Jun 10, 2025 11:04am
Quoting RobinHood
I am leaving to go Foxwoods casino for a 3 day getaway later today (I don't want to go but it's one of my wife's birthday present from me), so I am done trading for the day so I will post my results now as to inspire people that trading successfully CAN be done on a daily basis when you really know what you are doing and have the "confidence" to execute the trading opportunities properly. Do I win every day? No, because some days failed signals (or trailing stops) can cause you to lose more money than you net win on winning trades. Or, maybe I take...
Your inspirational quotes and tips on overcoming your mental health are very helpful to this community. Thank you very much and I wish you a happy and safe trip with your family.
  • #10,509
  • Jun 11, 2025 1:13pm Jun 11, 2025 1:13pm
EURCAD H4
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  • #10,510
  • Jun 11, 2025 2:18pm Jun 11, 2025 2:18pm
Quoting Roscearm
{quote} The rules are provided by RH on the 1st page. it says. 5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.
I can't thank the folks here enough for the work you all have put into this thread.

Roscearm, can I ask what your alerts look like with TV? I've been looking at setting up a few, but as with most, I'm looking for some confirmation bias with others to see if I'm on the right track.

Thanks!
  • #10,511
  • Jun 12, 2025 6:11am Jun 12, 2025 6:11am
XAUUSD M30
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  • #10,512
  • Edited Jun 13, 2025 4:24pm Jun 12, 2025 8:03pm | Edited Jun 13, 2025 4:24pm
I just got home from my mini-vacay and so I thought I would post this image. Last night after dinner, I was playing slots and I was down to my last $8 and then THIS happened. I won $5,470.81 and I was only betting $.88 cents per spin.
Attached Image (click to enlarge)
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And...
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Always a Student, Never a Master - Emulate What Works
  • #10,513
  • Jun 12, 2025 8:09pm Jun 12, 2025 8:09pm
Quoting RobinHood
I just got home from my mini-vacay and so I thought I would post this image. Last night after dinner, I was playing slots and I was down to my last $8 and then THIS happened. I won $5,470.81 and I was only betting $.88 cents per spin. {image}
that's some incredible luck! congrats

you just came back for the israel attack, markets are moving like crazy
  • #10,514
  • Jun 13, 2025 1:32am Jun 13, 2025 1:32am
This screenshot shows how my stock screener works. It uses RH's EMAs and RSO.
Barchart's stock screeer software is much less customisable (you cant change indicators paramethers) than StockFetcher's.
On StockFetcher you can use simple programing language and all indicators are customisable.
It also has very interesting function: you can use "Find similar chart".
For example if you like ARMN stock it helps you to find other stocks with the same chart in given time period.
Attached Image(s) (click to enlarge)
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  • #10,515
  • Jun 13, 2025 1:01pm Jun 13, 2025 1:01pm
CHFJPY H4 two trades
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  • #10,516
  • Edited 9:24pm Jun 13, 2025 4:21pm | Edited 9:24pm
*
Always a Student, Never a Master - Emulate What Works
  • #10,517
  • Jun 14, 2025 2:17am Jun 14, 2025 2:17am
Hello RH,

could you post the RHO-PRO6 indicator

Thank,s
  • #10,518
  • Edited 4:17am Jun 14, 2025 2:49am | Edited 4:17am
Quoting mchl13
Hello RH, could you post the RHO-PRO6 indicator Thank,s
It’s very easy to find.

Just click on the paperclip icon at the top of the thread and search for the indicator, you'll not only find RHO-PRO6, but also discover many other hidden gems shared by fellow traders.

For your convenience, I’ve also attached the RHO-PRO6 indicator directly to this post.

Installation Instructions
Copy the .mq4 to your Indicators folder in MT4.
Refresh the Navigator pane or simply restart MT4.
You’re all set, the RHO-PRO6 indicator is ready to use.

Massive thanks to the legendary RobinHood, the original creator of the method, and to Legendary SwingMan for turning that concept into this fantastic tool, a real gem for traders who appreciate simplicity and effectiveness.
Attached File(s)
File Type: mq4 RHO-Pro-6.mq4   26 KB | 248 downloads
  • #10,519
  • Jun 14, 2025 4:29am Jun 14, 2025 4:29am
Thank,s ENoris
  • #10,520
  • Jun 15, 2025 5:18pm Jun 15, 2025 5:18pm
I started reading this thread today but @RobinHood could advise how you choose stock that you are trading? You are looking for markets that are in trend or you trading all stock where you find setup? Could you also advise what Time frame you use for stock and what for cryptocurrency?
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