Yes the 115 pip trade was not ideal but as I had a TDI kiss followed by a red HA and a close below my resistance, it took the trade. It was high risk though hence my trailing stop on this one. I was lucky.
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DislikedI've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}Ignored
Disliked{quote} only a couple pips away from support as a TP of 75pips approx if you stayed in with an SL of roughly 55 pips. =) {image}Ignored
DislikedFor people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system...Ignored
DislikedI've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}Ignored
DislikedI've been testing this strategy and I found by adding a 20EMA to the chart I've avoided taking losing trades. If the price has crossed the 5EMA and the TDI is set up as per the rules BUT the price has not crossed the 20EMA, I don't take the trade. Please see the screen shot of entries and exits below on GBPUSD 4h. I thought this may be useful. https://www.forexfactory.com/attachm...1&d=1489919133 {image}Ignored
DislikedYes the 115 pip trade was not ideal but as I had a TDI kiss followed by a red HA and a close below my resistance, it took the trade. It was high risk though hence my trailing stop on this one. I was lucky.Ignored
DislikedFor people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system...Ignored
Dislikedhello everyone, I have a question! i haven't read the whole thread so it might sound ridiculous but anyway.. when you've entered a trade according to the system and you are in profit, but there is going to be a news announcement few minutes later... do you lock in the profit and get out of the trade right before the announcement????? or stay in the trade regardless of the news... by the way i am using 4hr timeframe.. i would appreciate your advice..Ignored
Disliked{quote} one of my favourite template is from Big E old thread, his 5-Method template where he had the old PAC is very light gray background. there are other templates which I use to see what the herd are doing, will post them when I have time to to explain market scenario live.Ignored
DislikedFolks, by the way, its Monday and Japan bank holidays. slow day, so less trading and do some backtesting on your own. see how many trade opportunities there were last week that you have missed, learn from them. pictue them in your mind like Big E said " drive these into our brains" and it will become easier to see the trade setups when we look at our charts. With thousands hours chart time and live market practice, trading will become intuitive. That is our goal as traders,... intuitive trading, no hesitation to pull that buy/sell trigger. example...Ignored
Disliked{quote} Trade Management: Where to move Stop Loss? using that NZDUSD H4 example, we have a H4 candle closed earlier. Note that the broker server time was shifted nu one hour, so my H4 open candle is now GMT 0100, 0500, 0900, 1300,etc.... {image}Ignored
Disliked{quote} Please post the 5-Method template if you are able to do that for us. Thank you in advanceIgnored
Disliked{quote} pay attention to the details on that chart I posted. the blue arrow points to the lower channel line of the PAC.Ignored
DislikedTMS trading take top 2 spots in FF Trading Systems forum. Genesis fallen behind since 2011 is this what makes RJ so bitter? {image}Ignored
Disliked{quote} Thank you RJ. I dont even bother to read your lengthy post. coming from a Genesis Matrix trader. Good luck.Ignored
Disliked{quote} when I cherry pick, I pick the good ones for $5 per bucket. I don't waste my time. 5-Method is far better than Genesis Matrix. I made that correct decision to chose this Big E's 5-Method because I started in 2005 to wean myself out using so many technical indicators.Ignored