thank u a lot haniam !
Script/EA to balance losing trades agianst winning trades 23 replies
Daily Trades = Lazy Trades Journal 7 replies
Reading The Stupid Dogs' Mind 12 replies
DislikedYes howard. They are still active. But they are in vacation in the US today until wednesday. So if you do not receive a confirmation email by thursday, try registering again.Ignored
DislikedThe buy on support @1.4520 gave a bounce to 1.4560, the WS1 and Daily S1 resistance, and it was easy here to close and reverse the position targeting 1.4525 again.
The sell of the break @1.4520 has seen it's first target hit @1.4465. Moving SL to BE and going now to target 2.Ignored
DislikedWhat a Big Dog Play we witnessed in the 7 past days.
We first wintness a sudden down move from 1.48xx to 1.43xx in 4 open days, with no reason but a certain claim that the crisis in the US market may reach Europe.
It appeared today that this manipulation had only the goal of suddenly cutting .75 of the interest rate in the US as they did today. We witnessed an almost 300 pips move today! EU will still go higher, but does not seem to have the strenght to break the all time high even with the expectation of another .50 cut next week. At least it seems that this is the goal of the BD, and in this view, if ever the EU approach these levels next week before the cut, they will probably not cut or only cut .25 to avoid a dicisive break to the up.
And once the market absorb the chock of these cuts, it will go down to break the 1.43 opening the way to 1.4 and 1.37 levels.
I will be looking for good oportunities to go short for long term positions in the coming days, unless EU manages to break 1.5Ignored
DislikedCould you inform us about your thoughts on Session personalities? I would highly appreciate it.
Regards,Ignored
DislikedFollowing is what I have learned from Mr. Hani & others. It's a combination of Main Supports/Resistances + Fibo + Candle Patterns & Pivots.
If you watch out for the important news, when they come, and Try to control your emotions by starting from very low capital risk with patients and than grow it by a plan:
YOU WILL BE SURE A BIG WINNER.
BUT I would say the most biggest winner is who learns, shares & grows.
Thank you.
MohammadIgnored
DislikedChart attached. Kindly check & add your comments if needed.
Regards,Ignored
a. Add positive percentage to my balance each day.
b. Targeting only 25 pips/day & the rest paper trading.
c. Maximum two trade per day & analyzing my emotions.
a. Adding positive percentage to my balance each week.
b. Targeting only 25 pips/day & the rest paper trading.
a. doubling the risk on my trading capital (0.2%,0.4%,...)
b. Trying to perform like the previous month.
c. If succeeded, repeating this step. If not, Going one step
back & trying again.
d. My previous month equity would be a cut for my drawdown.
Dislikedhaniam i would ask u if sometimes, i can post here one of my loss trade(based on S/R pivots fib trendlines), and u can comment it.
anyway thank u for your work and help
from italyIgnored
DislikedI have started with only risking 0.1% of my trading capital on each trade. My goals are as follow:
1. 1st week trading:a. Add positive percentage to my balance each day.
b. Targeting only 25 pips/day & the rest paper trading.
c. Maximum two trade per day & analyzing my emotions.
- So far 3/5 has passed with success. If totally passed it will give me confidence on my trading style while I observe my emotions & try to control them by my mind. If not passed, I will analyze what I have done & try again.
2. 1st month trading:
a. Adding positive percentage to my balance each week.
b. Targeting only 25 pips/day & the rest paper trading.
-Looking to put this trading style deep in my unconscious mind with powerful confidence & pip results and without any emotional balance growing (to kill the greed)
3. The Next Months:
a. doubling the risk on my trading capital (0.2%,0.4%,...)
b. Trying to perform like the previous month.
c. If succeeded, repeating this step. If not, Going one step
back & trying again.
d. My previous month equity would be a cut for my drawdown.
-By this plan, I will grow my risk under complete control & if failed to control my emotions, there will be a step back to were I can control it.
-Also if I could keep up the good work (without your help this was impossible), I will have a continuous exponentially growing balance. And this is the reward for patience.
I would be thankful if you add your suggestions to this plan.
Regards,Ignored
DislikedI introduce the basis of my plan:
1) I draw all R/S form 1day(TF) to 15m(TF); If useful, i also draw various trandlines to identify the trends
If you can not draw trendlines, it means probably that in the TF you are using, the prices are ranging.
The top/down analysis is important to be done in the begining of the trading to determine general view of the currency you wish to trade and try to find good opportunities.
2) I draw fib lines in two ways: In the classic way i see the possible bounce(and if they coincide with S/R); In the second way I see the possible intermezzo targets ( u can see it in the chart below)
Fib. lines can be powerfull mainly when they are at the same level of a current R/S
3) i look for some bear/bearish candle-pattern in the place of possible bounce (ex: on S/R, Trendlines etc.), and i wait: that the minimum/maximum of this candle is overcome (about entry)
Candle patterns are good to watch and they may give some hint on the market direction. In your trading plan, you should define what are the patterns that you look for.
4)the exit is based on targets or on a trailing stops (on the minimum of the preceding candle)
When is it based on targets, and when on trailing stop?
I think this is a good strat for a trading plan. But you have to put much more information in your final trading plan. And much more exact details.
Try thinking as if a machine would be trading it and it need exact conditions to enter or exit the market.
The daily plan is different, like the ones posted previously with exact entries and exact exits, with eventually reasons to enter and reasons to exit. They shoud be based on a trading plan.
---------------------------
ABOUT CHART BELOW:
Circle: entry
Green lines: main S/R
orange lines: fib (classic way)
red lines: fib (possible targets) ,( i do not know say in english how i draw them, but i take in consideration small s/r and range)
As much as this is based on your trading plan, this is valid.
I personally do not rely on Oanda charts and prefer MT4 ones as they are constant, have much more utilities and can be worked on in offline mode.
ps: probably i did not take the setup in blue circle becouse was under support and the candle-pattern was not very clear.
If you extend your black line, which constitute a support, conbining with the candle pattern, you may see that it was a good entry
-i'm not able to upload this link as attachment, i do not know why
-anyway the link is: http://aycu38.webshots.com/image/405...9386537_rs.jpgIgnored