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- senkyoshi replied May 19, 2022
I have not seen a lot of trade opportunities this week using Template 1 in 4Hr Forex, especially when respecting the daily trend. Anybody else also have this problem this week?
Trading Made Simple(r)
- senkyoshi replied Feb 10, 2022
You may have mentioned this before, but how do you determine where you put your initial stop loss. 2 bars back or 1% of your account? Also, on your first trade, I am interested to know why you entered on the opening of that bar. Isn't that too soon ...
Trading Made Simple(r)
- senkyoshi replied Feb 10, 2022
2nd trade of the day. For your critique and comments: Reasons for entering buy: RSI(14) above 50 Channel and pointing upward Daily RSI above 50 Stochs above 50 and pointing upward HMA (12) green for continuation The current bar price of move above ...
Trading Made Simple(r)
- senkyoshi replied Feb 9, 2022
Thank you Michael for explaining how you use them. I must have missed it when it was discussed earlier in this thread. I was really curious about the difference between the thickness of the support and resistance areas. I will also continue to read ...
Trading Made Simple(r)
- senkyoshi replied Feb 9, 2022
Thanks! Can you please explain #3 "Support and resistance" some more? How is it created? What does it mean? Why Green, any significance of the color? what does the thickness mean? How do you use it? You already graciously explained a little, but I ...
Trading Made Simple(r)
- senkyoshi replied Feb 9, 2022
For your critique and comments: Reasons for entering buy: RSI(14) above 50 Channel and pointing upward Daily RSI above 50 Stochs above 50 and pointing upward HMA (12) green for continuation The current bar price of move above the high of previous ...
Trading Made Simple(r)
- senkyoshi replied Feb 9, 2022
I have thought about posting my entries on the thread for both examples and critique from others. I know that my analysis is not great yet because I have yet to make or lose money on this method. I keep hovering around break even. It would be ...
Trading Made Simple(r)
- senkyoshi replied Feb 2, 2022
Nice. This has been a choppy week so far. I only entered two trades and lost a little on both.
Trading Made Simple(r)
- senkyoshi replied Feb 1, 2022
This brings up a question that I have and I would like to see what others do. Do you wait until the current value has passed the close of the previous bar, or the high or low of the previous bar?
Trading Made Simple(r)
- senkyoshi replied Jan 31, 2022
Thank you. That cleans some things up for me. I was thinking of a continuation because there was an upward trend previously before the bar turned red. Then the bar turned blue back in the direction of the previous trend. I was not thinking of the ...
Trading Made Simple(r)
- senkyoshi replied Jan 31, 2022
Thanks Robin Hood. Would this not be considered a continuation buy? If you had missed the buy 10 bars back, would you buy now as a continuation buy?
Trading Made Simple(r)
- senkyoshi replied Jan 30, 2022
Would you buy this pair once the current bar moves above the last bar's high? Why or why not? These ones always make me pause since it is at a point of resistance. image
Trading Made Simple(r)
- senkyoshi replied Jan 20, 2022
Yes it does, thank you. I was looking at the wrong line for the daily RSI. I am really starting to consider just using the Daily RSI instead of looking at the entire Daily's indicators for a trend.
Trading Made Simple(r)
- senkyoshi replied Jan 20, 2022
Thanks for the post Stiffdogg06. I have a few questions. In the AUDUSD trade, the Daily (Higher Time Frame) was not in an uptrend and the Daily RSI was not above 50. Wouldn't entering a trade there go against your rules? In the EURCAD trade, you ...
Trading Made Simple(r)
- senkyoshi replied Jan 19, 2022
Thanks for all of your posts Stiffdogg06. (...and as always, thank you RobinHood!) I am following what you are doing since it is very similar to what I am trying to do with RobinHood's Tempalte #1 as a base. I am looking forward to seeing your ...
Trading Made Simple(r)
- senkyoshi replied Jan 7, 2022
This was tough week for me: Profit Trades (% of total):4 (28.57%)Loss trades (% of total):10 (71.43%) Is it a bad idea to trade in the first week of the new year? Are we still getting out of the Holiday hangover so no real trends are forming? Brings ...
Trading Made Simple(r)
- senkyoshi replied Sep 20, 2021
Thanks RH. That is what I figured. If you wait forever, nothing will happen.
Trading Made Simple(r)
- senkyoshi replied Sep 19, 2021
Thanks RH. I have a question about this. Should we wait until the second red bar closes, or when the second bar's price drops below the previous bar's close while still open? Movement can still happen and the second bar can still go back up again...
Trading Made Simple(r)