first loser after a string of winning trades. and just because im an idiot and cant stick to the rules.
STICK TO THE PLAN!
STICK TO THE PLAN!
Patience is key.
4% A Day Forever 1,432 replies
an EA that worked forever 29 replies
Forever Demo Account 9 replies
Dislikedfirst loser after a string of winning trades. and just because im an idiot and cant stick to the rules.
STICK TO THE PLAN!Ignored
DislikedHi,
Don't mind to share what cause you loss? I see there was a KS/TS cross below the kumo right?Ignored
Dislikedyes, it was a valid ichimoku signal. but the KS was rather flat (bad sign), and the 200MA acted as support on the 4H. i didnt have the balls to instantly kill the trade when i realized my mistake, but rather i moved the SL with the 15M KS. this was maybe the greatest mistake, because maybe price falls again after this pullback. but getting out immediatly would have been the way to go.
those darn emotions... but im getting control of myself slowly
hope i made clear what went on in this tradeIgnored
Dislikedfirst loser after a string of winning trades. and just because im an idiot and cant stick to the rules.
STICK TO THE PLAN!Ignored
DislikedYour fxbook account looks impressive. Could you state which of all that wonderful ichi-strategies you trade?Ignored
some minor rules i have ommited (for now) because im still testing them and maybe they get purged (mostly related to scaling out).
if it helps you, or someone else, great!
Dislikedits only a handful of trades, so no statistical meaning yet... but of course i want to continue this way
the rules are standard ichimoku, with some additions by kinko and some by myself
- Standard Ichimoku Rules
- Only Kumo Breakout
- or TS/KS cross
Ignored
DislikedNice, I really appreciate your sharing.. it is good for newbie like me..Ignored
DislikedHi moetzger, im a newbie too. I dont understand the following you mentioned below. what exactly is on the right side of the kumo? Sorry, im a noob here!
- Only with the Trend (1H):
- 4H must be on right side of Kumo
- 1D must be on right side of Kumo
- Only trade with the 200 MA in favor
- KS must point into the trends direction (must not be flat)
Ignored
Dislikedits only a handful of trades, so no statistical meaning yet... but of course i want to continue this way
the rules are standard ichimoku, with some additions by kinko and some by myself
- Standard Ichimoku Rules
- Only Kumo Breakout
- or TS/KS cross
- Kumo Breakouts are only valid if a KS/TS cross has occurred in the same direction before
[list][*]Only with the Trend (1H):[list][*]4H must be on right side of Kumo[*]1D must be on right side of Kumo[*]Only trade with...
Ignored
DislikedSounds good. Do you have a standard place to put your stop loss?Ignored
Dislikedstandard ichimoku stop:
on a ks/ts cross it is the ks + buffer
on a kumo breakout it is the other side of the kumo + bufferIgnored
Dislikedmoetzger,
1.you mentioned that you only trade with the 200 MA in favor. Why is that?
2. Also, i have the same news indicator, but yours is encapsulated in a nice grey box, how'd you do that?
3. Do you have a daily routine you go through? That would help me!
thanks.Ignored