Disliked{quote} Go5, Thank You for sharing your trades and charts. How did it go today? BluejIgnored
- Joined Aug 2010 | Status: absolute beginner | 4,527 Posts
successful trading requires patience&discipline and DRINKING between.
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Disliked{quote} Go5, Thank You for sharing your trades and charts. How did it go today? BluejIgnored
Disliked-10 on usdjpy I saw that price had a nice swing high before coming back to touch the 40 EMA. Opened trade as soon as the candle closed above 5EMA with a 20TP and 10SL as per the thread's first post. Guess I can't win them all? Does anyone else see anything wrong with my trade? Cheers {image}Ignored
DislikedI wonder if it were against Fx-Tycoon if we were discussing alternative "trade management" and "early exit strategies" here...Ignored
DislikedI agree with all the remarks about money management. Like Alkatraz/fxrabbi/skyway, I add my own spin to this great system, and I too don't post my trades. Example, I'm on GMT + 5 (EST) So I'm thinking that Ty trades the firs 3 hours of Frankfurt open (not London open). I set my alarm for the Frankfurt open....made twenty pips based on Ty's great system and went back to bed. Made my 20 for the day. So here I am at work reading your comments. I want to stay away from "pizza delivery" as a career so I try to filter out personal/bias comments and only...Ignored
DislikedOk folks there are two ways to do this… 1) You can trade all day (EU/NY session) which you take all the signals no cherry picking and play them all according to the plan, religiously, where anything less than that will lead to your demise. Giving the benefit of the doubt that you do all correctly then will some day’s end up with unseen amount of pips and other days losing 50+ pips or so. Due to very favorable RR and risk measurement of this system one should still be profitable but at the cost of lots of stress, pressure and high intensity trading...Ignored
Dislikedfx-Tycoon, Thanks for that real world approach to MM, for me, the positive mental effect of banking a winner cannot be overestimated. Gave today a miss, too tired after an all night poker/superbowl marathon session (UK) See you guys tomorrow,Ignored
DislikedOk, guys. I see time has come to update the pdf with the most relevant stuff I had posted a few days ago. So many important posts and concepts have been added in a short time, which make fx-Tycoon's strategy more and more clear and I thought a new more complete version would be good to have at hand. The layout of the document, including the pictures quality, has been improved to get better printouts. Times are CET. Enjoy {image}Ignored
DislikedOk folks there are two ways to do this… 1) You can trade all day (EU/NY session) which you take all the signals no cherry picking and play them all according to the plan, religiously, where anything less than that will lead to your demise. Giving the benefit of the doubt that you do all correctly then will some day’s end up with unseen amount of pips and other days losing 50+ pips or so. Due to very favorable RR and risk measurement of this system one should still be profitable but at the cost of lots of stress, pressure and high intensity trading...Ignored
DislikedOk I just glanced over all your posts for today. I see some frustrations or concerns and some opinions. I will make one post to generalize all in one which will attend to all. Before I do that I like you to know... You can not approach trading in a too systematic way, it won't work. It is too vast of a giant to put a cap on an be a consistent winner. Stay tune.Ignored