Ohh so there was, thanks D
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Trading is this Simple? Finally Explained simple and clearly! 46 replies
More easy is impossible 17 replies
long-run profits impossible with short-term trading? 39 replies
DislikedFrustrating day to say the least, and lessons learned. 1st trade - I was right on the direction. Got scared and pulled out. +3 2nd trade - Not sure what came over me this morning but for some reason I thought I was a swing trader. I was up 41 pips on this one and let it come back to BE. Nailed my trendline, but I "thought it would push higher"... and that was the mistake. "TRADE WHAT YOU SEE, not what you THINK". I saw lots of rejection off the trend line and I should have taken profit. Price was even generous enough to come back up and...Ignored
Disliked{quote} Best advice I can give you. "Cut your winners short and let your losers run" or some thing like thatIgnored
Dislikedwhere does it show the amount of pips made in mt4 I only see profit ...under tradeIgnored
DislikedHere you go Dee50 This is a great example of the use of the Quartile though I wish it would happen everyday. I trade 5% per Quartile so it doesn't matter whether they are 5 pips apart or 50 pips apart the results are the same. I look for the trend line break preferably in the direction of the daily candle. Entry on the close of a break..initial stop is below the lower trend line and is most often less than the 5% risk. On the chart below you see the larger (red) move, made me far less money than the much smaller (blue) move. The red was about 5%...Ignored
DislikedNala, I do not get well your system. Can you make a thorough explanation of it please? What is your criteria for the 4 blocks? What exact crossing you look for? Your initial SL and TP, etc... Looks simple as you mentioned. Thanks {quote}Ignored
DislikedGER30+40+24+5+9+5+35+5+16+5+10+5+43. All the +5s are partial TPs, PA got so scrappy that I thought I would at least bag some pips before getting stopped for BE, having made that decision it only happened once, still, at least I now know how to set up the TM for partials. {image}Ignored
Disliked{quote} maybe this will clear it up for you, it is just another variation on the measured move. On this chart you would have taken 10 pips profit and then been taken out for BE. {image}Ignored
DislikedGood morning traders... bettervolume... No I don't trade oil though it should make no difference i.e. a chart is a chart. I rarely trade anything other than the AJ (AUS/JPY) because the lot size is cheap, the spread is good, the price movement is good resulting in a very nice profit every day once you get the method down pat. I don't just have the one method, I have several depending on what the chart is telling me at any time. Generally I would stick to the 5 minute chart only but when we are in a so called 'range' I drop to the 1 minute for some...Ignored