No B.S. Trading Methods.

Darrens Trading Methods

Un-Sugar Coated trading help that you need to know.

Introducing Just Trading Method Two

In this video, I explain the concept of a simple moving average and how it relates to long and short trades.

I also discuss the importance of following a trading formula and using indicators like the 100 SMA and 200 EMA.

I share a trend following system and provide tips on managing trades and stop losses. No specific action is requested from the viewers, but I encourage them to take breaks from trading and follow the system consistently for better results.

Darren's Just Trading - Training Sheet: Simple 4 Hour System

Introduction:

Let’s explore a simple 4-hour trading system that utilizes the 100 Simple Moving Average (SMA). This system aims to identify potential trade opportunities based on price movements and the 100 SMA. Keep in mind that trading involves risks, and it’s essential to practice proper risk management.

Timeframe: 4-hour chart

Currency Pair: EURCHF

Indicators:

100 Simple Moving Average (SMA): Acts as a support/resistance line and is widely used by major banks and financial institutions.

MACD (15,26,9): Helps identify trend direction and momentum.

System Overview:

System Rules:

Long Trades:

Enter a long trade when the following conditions are met:

Price closes above the 100 SMA.

MACD histogram goes above the zero line.

Short Trades:

Enter a short trade when the following conditions are met:

Price closes below the 100 SMA.

MACD histogram goes below the zero line.

Re-entry:

If the price retraces back to the 100 SMA after giving a long or short signal, consider re-entering in the original direction.

Re-enter the trade the first two times the price hits the 100 SMA and monitor thereafter.

Retrace Entry:

When a bar moves over 100 pips, wait for a retracement toward the 100 SMA before entering.

This helps avoid unnecessary drawdown.

Exit Rule (Scaling):

Take three positions per trade.

Set the first take profit (TP) at 40 pips, the second TP at 70 pips, and let the third position run with a stop loss at breakeven.

Adjust positions as the trade progresses.

Additional Tips:

Use the Damiani Volatmeter indicator to detect ranging or trending markets.

The blue box represents the main entry, and the yellow box indicates a re-entry.

Be cautious of false signals (e.g., the third box in the example).

The default settings for the Damiani Volatmeter are recommended

Conclusion:

Remember that no trading system is foolproof, and it’s essential to test any strategy thoroughly before using it in live trading. Always practice risk management and stay informed about market conditions. Good luck! 📈🤞