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Trading Made Simple 151,899 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple(r)

  • #11,581
  • May 29, 2026 2:13am May 29, 2026 2:13am
GBPUSD 30M
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  • #11,582
  • May 29, 2026 3:03am May 29, 2026 3:03am
Quoting pusztafie
XAUUSD M5 {image}
Hey, may I ask you why did you enter here? All indicators say no entry. Is there anything else you use to qualify a valid entry?

Thanks!
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  • #11,583
  • May 29, 2026 6:06am May 29, 2026 6:06am
Quoting pewebly
{quote} Hey, may I ask you why did you enter here? All indicators say no entry. Is there anything else you use to qualify a valid entry? Thanks! {image}
That was a bad trade. I was wrong, but the next two made up for my carelessness.
  • #11,584
  • May 29, 2026 9:01am May 29, 2026 9:01am
Quoting pewebly
{quote} Hey, may I ask you why did you enter here? All indicators say no entry. Is there anything else you use to qualify a valid entry? Thanks! {image}
This is the right question to ask. Most indicators give you a signal but no way to grade whether its actually worth taking. What changed my trading was adding a confirmation layer that scores each signal based on trend strength, volume and higher timeframe alignment together. If all three dont agree the score stays low and I skip the trade. Saved me from a lot of bad entries that looked valid on the surface.
  • #11,585
  • May 29, 2026 9:53am May 29, 2026 9:53am
Quoting RobinHood
You will be best served if you only trade Continuation trades, and only during STRONG trends.
Interesting, my middle name is Hood, told by family that a relative from Sherwood Forest WAS indeed Robin Hood, so it's cool to reply to your long post.
Re: "Continuation trading", INDEED, by using my Personal Python script I find some very fascinating statistical results without using any usual TAs whatsoever, validating your "continuation" trading philosophy. For example I found XAUUSD on 1HR bars, traded on Lon+NY sessions (8hrs) and a tunnel of 20/20 (TP/SL) just by a candle Close > Open yields an 87% WinRate and 67 PF. I know, hard to believe. Why? Coz most FX enthusiasts have the simplest pass under their radar AND they aren't looking for it by statistics. So if anyone care to try this one out be my guest. I used Tickstory 1Min data that was made by my software into 1HR bars.
Jerry B
  • #11,586
  • May 31, 2026 4:36am May 31, 2026 4:36am
Quoting jobo999
{quote} Interesting, my middle name is Hood, told by family that a relative from Sherwood Forest WAS indeed Robin Hood, so it's cool to reply to your long post. Re: "Continuation trading", INDEED, by using my Personal Python script I find some very fascinating statistical results without using any usual TAs whatsoever, validating your "continuation" trading philosophy. For example I found XAUUSD on 1HR bars, traded on Lon+NY sessions (8hrs) and a tunnel of 20/20 (TP/SL) just by a candle Close > Open yields an 87% WinRate and 67 PF. I know, hard...
Sounds interesting, can you tell us more?
  • #11,587
  • May 31, 2026 11:09am May 31, 2026 11:09am
Quoting pewebly
{quote} Sounds interesting, can you tell us more?
Hi, just did same search on my software for S&P MicroMini, got this formula (a freebie, hope you like):
--- CHIEF'S ALGEBRAIC SOLVER ---
[ THE ARENA : ENTRY MATH ]
-> Buy when: CLOSE - CLOSE_1
-> Is greater than: 3.77

Basically just one bullish candle on 1HR bar is it, can't get simpler than that.
[ EXIT PROTOCOL ]
-> Scaled Armor -> | TP: 228.0 | SL: 15.0, NY 4hr session, each day M-F.
80% Smooth, 1.6% DD. 66%WR, $6600 profit in 1.5yrs. (Factors of Ninjatrader & brokers used matter, no guarantees, it's just the initial math to embark from)
Basically my own software {which can handle Forex, XAUUSD, and the Std-Mini & Micro-Minis of S&P500 & NASDAQ100}(proving this "continuation" hypothesis) developed over 4 months since mid February to find the most basic simple trade formulas using NO TAs and yielding statistics for trading that way.
Jerry
  • #11,588
  • Edited 5:10am Jun 1, 2026 1:33am | Edited 5:10am
RSOR Sniper fixed with MTF squares.

I hope you'd like it.

All credits go to the RH, the author and Claude

Now what we need is a scanner or a filter to send us alerts at the right time.
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File Type: ex4 RSOR_Sniper.ex4   35 KB | 84 downloads
File Type: mq4 RSOR_Sniper.mq4   15 KB | 121 downloads
  • #11,589
  • Jun 1, 2026 4:20am Jun 1, 2026 4:20am
And when I said we need a filter or a signal generator I meant this
How cool is this set of indicators?
11 out of 0-10 scale, I'd say

Who want to code it? MT5 or 4 whatever you like.
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  • #11,590
  • Jun 1, 2026 6:27am Jun 1, 2026 6:27am
Gold M5
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  • #11,591
  • Jun 1, 2026 7:19pm Jun 1, 2026 7:19pm
Quoting jobo999
{quote} Interesting, my middle name is Hood, told by family that a relative from Sherwood Forest WAS indeed Robin Hood, so it's cool to reply to your long post. Re: "Continuation trading", INDEED, by using my Personal Python script I find some very fascinating statistical results without using any usual TAs whatsoever, validating your "continuation" trading philosophy. For example I found XAUUSD on 1HR bars, traded on Lon+NY sessions (8hrs) and a tunnel of 20/20 (TP/SL) just by a candle Close > Open yields an 87% WinRate and 67 PF. I know, hard...
Trade the CONTINUATION you need to consider scaling-in and "Let Profits Run"

XAU Jun02 Tokyo 11am

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"Cut-Losses-Short" at minus 1R ...
Take Profit > +2R above

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and create your Statistical Edge

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,592
  • Jun 2, 2026 6:02am Jun 2, 2026 6:02am
Quoting emmanuel7788
{quote} Trade the CONTINUATION you need to consider scaling-in and "Let Profits Run" XAU Jun02 Tokyo 11am {image} "Cut-Losses-Short" at minus 1R ... Take Profit > +2R above {image} and create your Statistical Edge {image} ...

XAU Jun02 London 2pm

- H1 entry

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,593
  • Jun 2, 2026 6:11am Jun 2, 2026 6:11am
Another one!
This magic works on all symbols, no matter what!
@RH, do you have some free time today? I'd like to buy you a beer, man. You rock!
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  • #11,594
  • Jun 2, 2026 6:58pm Jun 2, 2026 6:58pm
Quoting emmanuel7788
{quote} Trade the CONTINUATION you need to consider scaling-in and "Let Profits Run" XAU Jun02 Tokyo 11am {image} "Cut-Losses-Short" at minus 1R ... Take Profit > +2R above {image} and create your Statistical Edge {image} ...

XAU Jun03 Tokyo 10am

- sell the CONTINUATION today

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,595
  • Jun 2, 2026 11:51pm Jun 2, 2026 11:51pm
Quoting pusztafie
I am waiting for gold to exceed or bounce off the psychological resistance, the price of 4000. {image}
Hi thanks for sharing your templates can i ask you what moving averages you use on your charts thanks
  • #11,596
  • Jun 3, 2026 12:00am Jun 3, 2026 12:00am
Quoting menaldo81
{quote} Hi thanks for sharing your templates can i ask you what moving averages you use on your charts thanks
You have to wait a little longer for that! Better target 4400!
EMAs: 15,18,21,34, offset:2, price: close
  • #11,597
  • Jun 3, 2026 1:35am Jun 3, 2026 1:35am
Hi,
Since I am really excited about this template, I wanted to share it with you.
In fact, it's a simple combination of other people's great work that has already been shared on the FF.
You can easily find all the indicators and sources; I'm just sharing my setup here.
I hope it helps someone.
Thank you all!
Have a great day!
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Attached File(s)
File Type: tpl RSOR Sniper MTF.tpl   105 KB | 72 downloads
  • #11,598
  • Jun 3, 2026 1:42am Jun 3, 2026 1:42am
Just a note, nothing is perfect.
Sometimes you'll need to exit early, and sometimes your SL will get hit. That's just part of the game and I like it!
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  • #11,599
  • Jun 3, 2026 1:44am Jun 3, 2026 1:44am
Quoting pewebly
Hi, Since I am really excited about this template, I wanted to share it with you. In fact, it's a simple combination of other people's great work that has already been shared on the FF. You can easily find all the indicators and sources; I'm just sharing my setup here. I hope it helps someone. Thank you all! Have a great day! {image} {file}
Thanks !
  • #11,600
  • Jun 3, 2026 3:30am Jun 3, 2026 3:30am
But it's good that President Trump spoke up, I managed to catch the buying pressure!
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