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Trading Made Simple(r)

  • #10,541
  • Jun 18, 2025 2:35am Jun 18, 2025 2:35am
Hi RobinHood,
I'm using your system based on RSO and moving averages on daily stock charts — thank you very much. The main problem is selling. I use TradingView; which indicator would you recommend for exit signals? Some give late signals, and some are misleading. How do you use a trailing stop on the daily timeframe? Thank you.
  • #10,542
  • Jun 18, 2025 4:12am Jun 18, 2025 4:12am
[idézet=sicario;15280404]{idézet} szia puszafie Meg tudnád osztani velem a képen látható sztochasztikus indikátort? Köszönöm. {image}[/idézet]
Stoch (12,3,3) and (55,12,3) in a window.
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  • #10,543
  • Jun 18, 2025 6:37am Jun 18, 2025 6:37am
Quoting Celal
Hi RobinHood, I'm using your system based on RSO and moving averages on daily stock charts — thank you very much. The main problem is selling. I use TradingView; which indicator would you recommend for exit signals? Some give late signals, and some are misleading. How do you use a trailing stop on the daily timeframe? Thank you.
First and foremost, you must realize and then continuously tell yourself: "I know that I can't buy at the bottom, and I know that I can't sell at the top, all I can do is take a piece of the middle", and then learn to be content with that.

Beyond that, for Daily trades, I typically exit using one of these 5 ways:

Most Recent Swing High/Low
3-8 or 3-21 or 8-21 EMA Crossovers
A Close Above/Below X EMA
X Number of Bars Back
Volatility Stops (Indicator)

Personally, I don't like using Profit Targets or risk/reward ratios like 1:2, 1:3, etc. because you never know how far a trade can go.

It really all comes down to what my objective for the trade is. Like, is this a swing trade?, or a position trade?, or a long term investment?, etc.
Always a Student, Never a Master - Emulate What Works
  • #10,544
  • Jun 18, 2025 8:29am Jun 18, 2025 8:29am
Quoting pusztafie
[idézet=sicario;15280404]{idézet} szia puszafie Meg tudnád osztani velem a képen látható sztochasztikus indikátort? Köszönöm. {image}[/idézet] Stoch (12,3,3) and (55,12,3) in a window. {image} {image} {image} {image}
Thank you very much
  • #10,545
  • Jun 19, 2025 1:24am Jun 19, 2025 1:24am
XAUUSD H1
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  • #10,546
  • Jun 19, 2025 12:33pm Jun 19, 2025 12:33pm
DAX M30
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  • #10,547
  • Jun 19, 2025 1:53pm Jun 19, 2025 1:53pm
Hi RobinHood,
Thank you very much, good luck.
  • #10,548
  • Jun 20, 2025 8:36am Jun 20, 2025 8:36am
Quoting Roscearm
{quote} The boy bent down, picked up yet another starfish and threw it as far as he could into the ocean. Then he turned, smiled, and said, “Well, I made a difference to that one!”
You have certainly made a difference in my trading journey RH. I cant thank you enough for your knowledge and the system you've shared so freely (and continue to do so). I have constantly re-iterated that the system works if you put the effort and time into it. I am sharing the below profit screenshot only because i want to show all that this method is profitable (consistently). I had already shared the past 4 months performance in the post https://www.forexfactory.com/thread/...-likes15234426 and the screenshots below is for May and so far in the month of June. Can I call myself a profitable trader? {image} {image}[/quote]

Nice work!

I know you're using TV for charting, are you still trading on a lower timeframe (M5/15)? I'm interested in hearing about how you have your alerts set up!
  • #10,549
  • Jun 20, 2025 11:02am Jun 20, 2025 11:02am
Quoting RobinHood
When it comes to trading different types of asset classes (re: stocks, Futures, cryptos, Forex, etc.)
Hi. What about indices? (DAX, Dow, FTSE, etc.)
  • #10,550
  • Edited 2:34pm Jun 20, 2025 11:37am | Edited 2:34pm
Quoting sclay115
{quote} You have certainly made a difference in my trading journey RH. I cant thank you enough for your knowledge and the system you've shared so freely (and continue to do so). I have constantly re-iterated that the system works if you put the effort and time into it. I am sharing the below profit screenshot only because i want to show all that this method is profitable (consistently). I had already shared the past 4 months performance in the post https://www.forexfactory.com/thread/...-likes15234426 and the screenshots... Nice work! I know you're using TV for charting, are you still trading on a lower timeframe (M5/15)? I'm interested in hearing about how you have your alerts set up!
I do use TV (TradingView) and I watch it all day long, BUT, it's not my main trading platform as I don't really like it that much, therefore, I don't use any alerts on TV.

I have been working on a new trading template for TV and so far I am liking it, but that's the only reason that I have just recently started watching it all day. I am not using it for signals, I am only using it as a way to kind of "verify" the signals I do use which are on TC2000.
Attached Image (click to enlarge)
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Always a Student, Never a Master - Emulate What Works
  • #10,551
  • Jun 20, 2025 11:42am Jun 20, 2025 11:42am
Quoting Noisy
{quote} Hi. What about indices? (DAX, Dow, FTSE, etc.)
Yes, I do trade them but pretty much only the SPY and QQQ.

And for those that don't know it, there are LOTS of markets/instruments that exist. Here's the ones that are available to trade with my broker (IB):
Attached Image (click to enlarge)
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Always a Student, Never a Master - Emulate What Works
  • #10,552
  • Jun 20, 2025 12:24pm Jun 20, 2025 12:24pm
Quoting RobinHood
{quote} Yes, I do trade them but pretty much only the SPY and QQQ.


Do you trade them in the same way (using the methods introduced here) H4/Daily?
  • #10,553
  • Jun 20, 2025 12:57pm Jun 20, 2025 12:57pm
Quoting Noisy
{quote} Do you trade them in the same way (using the methods introduced here) H4/Daily?
No, because I don't have all of the same indicators available to me on TV and TC2000 as I do on MT 4. And, no to the 4hr. charts on stocks but I do trade the Daily.
Always a Student, Never a Master - Emulate What Works
  • #10,554
  • Edited 2:34pm Jun 20, 2025 1:48pm | Edited 2:34pm
Quoting RobinHood
{quote} No, because I don't have all of the same indicators available to me on TV and TC2000 as I do on MT 4. And, no to the 4hr. charts on stocks but I do trade the Daily.
Thanks for letting me know!

I've been struggling to find a trading strategy that works for me for a long time (10+ years). I'm considering giving the methods presented here another chance, but since I'm not getting any younger and want/need to achieve specific trading goals, I'd like to ask the following questions. Based on your experience and recommendation in the first post to initially focus on continuation entries, I have the following question:

If I can only look at the charts for possible signals from your strategy once a day at a specific time, what forex pairs (or other markets) could you recommend to focus on and when would this make the most sense? I'm from Germany and would only have time to do this either once in the evening (at the beginning of a new daily candle at midnight) or, alternatively, at the opening of the London session.

Edit:

Trading goals. I would like to achieve a consistent minimum profit of +2% (after trading costs) per month with a maximum drawdown of -5% at any given moment. My goal is to generate a consistent income from trading (not to keep wasting time, grow my account for retirement or for excitement).

kind regards!
  • #10,555
  • Edited 3:56pm Jun 20, 2025 2:31pm | Edited 3:56pm
Quoting Noisy
{quote} Thanks for letting me know! I've been struggling to find a trading strategy that works for me for a long time (10+ years). I'm considering giving the methods presented here another chance, but since I'm not getting any younger and want/need to achieve specific trading goals, I'd like to ask the following questions. Based on your experience and recommendation in the first post to initially focus on continuation entries, I have the following question: If I can only look at the charts for possible signals from your strategy once a day at a...
Personally, I would only trade the major USD pairs and no CHF. They are: EUR/USD - GBP/USD - USD/JPY - AUD/USD - USD/CAD - NZD/USD. If I was going to only trade 2 pairs, which is what I think Forex traders should do, it would be the: EUR/USD and GBP/USD. If I was going to only trade 1 pair, it would be EUR/USD.

I never trade the Forex during the first 1.5 hours after each day's Open due to the abnormally large spread. So I open my new Daily trades 5-10 mins. before the Close.

As far as a trading a strategy goes, and just for simplicity's sake, I would HIGHLY suggest that you ONLY ever take Continuation Trades based on my 5 favorite Ema's. 3, 8, 21, 34, 55 - plus, use the RSO...and learn how to read it well - by observing it and its nuances over time (read Post #10,486).

RE: Trading goals. I would highly suggest that you read a book by Annie Duke called: "Thinking in Bets".
Always a Student, Never a Master - Emulate What Works
  • #10,556
  • Edited Jun 21, 2025 1:07pm Jun 20, 2025 3:37pm | Edited Jun 21, 2025 1:07pm
Here's another way I show myself Continuation Trades.

Anyone who has read this whole thread should remember that I created a concept called the RoadMap.

I always use the "3 ema, close, yellow, orange, or gold" when looking for Continuation Trades. *It all depends on how the colors look on each platform, like look how bad yellow looks here.

Typically, the settings that I use are the: 34 ema, close - 34 ema, high - 34 ema, low OR 21 ema, close - 21 ema, high - 21 ema, low.

I add both ways to a chart and then by looking back over time, I decide which one looks the best on "that" chart.

Then, just recently, I needed a way to "Widen" the width of the RoadMap, so here's what I came up with:

On the chart below, I am using the: 15 ema, LOW, the 18 ema, CLOSE and the 21 ema, HIGH to create the RoadMap OR you could use the: 18 ema, LOW, the 21 ema, CLOSE and the 24 ema, HIGH OR you could use the: 31 ema, LOW, the 34 ema, CLOSE and the 37 ema, HIGH.
Attached Image (click to enlarge)
Click to Enlarge Name: 18 ema RoadMap.png Size: 38 KB

All you are really trying to do is create a reliable method for locating Continuation Trades. Here it is on the current Daily GBP/USD.
Attached Image (click to enlarge)
Click to Enlarge Name: RoadMap Continuations.png Size: 156 KB
Always a Student, Never a Master - Emulate What Works
  • #10,557
  • Jun 20, 2025 4:03pm Jun 20, 2025 4:03pm
Quoting RobinHood
Here's another way I show myself Continuation Trades. Anyone who has read this whole thread should remember that I created a concept called the RoadMap. I always use the "3 ema, close, yellow, orange, or gold" when looking for Continuation Trades. *It all depends on how the colors look on each platform. Typically, the settings that I use are the: 34 ema, close - 34 ema, high - 34 ema, low OR 21 ema, close - 21 ema, high - 21 ema, low. I add both ways to a chart and then by looking back over time, I decide which one looks the best on "that" chart....
So for long continuation u would wait for ema 3 to cross ema 15 ?
  • #10,558
  • Jun 20, 2025 6:57pm Jun 20, 2025 6:57pm
Quoting MaDNess23
{quote} So for long continuation u would wait for ema 3 to cross ema 15 ?
I wait for the 3 ema to either be above the 15 ema, or very close to being above it, but more importantly, I want a candle to "clearly" close above the 15 and then I will add another 5 or 10 pips to the high of that candle before I enter. I started doing this because too often I got tired of entering "1 pip above" and ended up with that price getting rejected and I have a losing trade.

I say 5 or 10 because if there is nothing important close to the entry, then I mostly add just 5 pips, BUT, if there is something important near it, I typically use 10 pips. Do I sometimes use 9, 10 or 11 pips if need be? Yes.

This because certain areas worry me in some instances, like the high and low of the day, the high and low of the pre-market (stocks), yesterday's open and close, previous all-time highs and lows, very recent support and resistance areas, previous swing highs and lows, and round numbers like 1.30000 (GBP/USD) or 1.31000 or 1.31500, etc. then I add 10 pips generally speaking.

This may sound like I am leaving too much cash on the table on every trade but, I would rather "pay the piper" with 5 or 10 pips going in rather than to lose say 20-100 pips (which is the size of my stop typically) if my stop gets hit.
Always a Student, Never a Master - Emulate What Works
  • #10,559
  • Jun 20, 2025 9:20pm Jun 20, 2025 9:20pm
Quoting RobinHood
{quote} I do use TV (TradingView) and I watch it all day long, BUT, it's not my main trading platform as I don't really like it that much, therefore, I don't use any alerts on TV. I have been working on a new trading template for TV and so far I am liking it, but that's the only reason that I have just recently started watching it all day. I am not using it for signals, I am only using it as a way to kind of "verify" the signals I do use which are on TC2000. {image} {image}
I saw your post about the new indicator on TV. But maybe you haven't finished it to publish and share it yet so you deleted the post. Congratulations again for perfecting another indicator as you have been doing for decades of trading. I am currently using RSO very stably. However, I am also looking forward to your new indicator to further strengthen the system. Thank you for your contributions.
  • #10,560
  • Jun 21, 2025 2:30am Jun 21, 2025 2:30am
Quoting RobinHood
{quote} I do use TV (TradingView) and I watch it all day long, BUT, it's not my main trading platform as I don't really like it that much, therefore, I don't use any alerts on TV. I have been working on a new trading template for TV and so far I am liking it, but that's the only reason that I have just recently started watching it all day. I am not using it for signals, I am only using it as a way to kind of "verify" the signals I do use which are on TC2000. {image} {image}
hi brother can you share this indicators? I use TV or How can i find?
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