- Post #11,421
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- Sep 13, 2011 1:16am Sep 13, 2011 1:16am
- | Joined Aug 2011 | Status: Member | 1,118 Posts
- Post #11,429
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- Sep 13, 2011 2:04am Sep 13, 2011 2:04am
- | Joined May 2011 | Status: Member | 14 Posts
Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedWelcome to TMS, and yes you do have option to change rollover time, IF you are GOOD with MT4 and GREAT with reading & following instruxctions, right here on FF ---->
http://www.forexfactory.com/showthread.php?t=206301Ignored
QuoteDislikedMy second question is about entry (and I know the basics before anyone shouts please).... I've looked at quite a few setups on the 4H TF that look good, checked the trend and the Daily TF as well and all looks good....then I've checked the 1Hr TF and seen that (for example) the TDI is crossing in the other direction, or the price action on the 1 hour candles is low, or something else that makes me think that the trade isn't 'safe'. My question is, should I focus just on the 4Hr (my ideal timeframe), check the daily for trend confirmation and ignore...
Disliked2 new orders open.
Not sure about A/U either, it doesnt seem 100% right. But i'll take a risk.Ignored
Disliked2 new orders open.
Not sure about A/U either, it doesnt seem 100% right. But i'll take a risk.Ignored
Dislikedwhats the thought process behind the G/A trade. again i see the cross but is there any other supporting factors that you took in to consideration.
Also keep in mind the A/U is correlated to G/A, if you see the A/U trade as risky then the G/A is equally risky. If you had $100K risk on each trade would you still have taken it?Ignored
DislikedIF his account was $5,000,000, his risk is 2% per, and the signals valid for HIS trading plan, then there is no reason why he would not take the trade, right?
To me, and many other traders, it is not the amount at risk but the percentage, define the risk before entering the trade, then:
- Anything can happen.
- You don't need to know what is going to happen next in order to make money.
[b][size=3][color=blue]- There...Ignored
DislikedIF his account was $5,000,000, his risk is 2% per, and the signals valid for HIS trading plan, then there is no reason why he would not take the trade, right?
To me, and many other traders, it is not the amount at risk but the percentage, define the risk before entering the trade, then:......Ignored
DislikedYesterdays results:
I took most my trades as 0.5 lots and took 50% profit at first point of resistance for most trades. This is a rule I live by and it really helps me to let a trade run when I know I've already banked profits.
11 trades: 7 wins, 3 losses 1 exit at BE. I dont recommend over trading but its a demo account and every trade I took ticked all the boxes before entering. I need to make all my mistakes now before I hit the live account. Very profitable day ; )
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I have yet to take a trade today, started a bit...Ignored