Attachments: Simple H4 Mobile Trading System

Simple H4 Mobile Trading System

Post #2,081
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Edited at 10:18pm Jan 22, 2019 5:09pm | Edited at 10:18pm

Ivanyo
Joined Apr 2014 | Status: Member | 692 Posts

News knocked me out of this one (spread caused it to hit SL, even though candles don't look like they hit it).

Doesn't matter, can't win them all. Just the cost of doing business...

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Post #2,082
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Jan 22, 2019 5:23pm Jan 22, 2019 5:23pm

lev10
| Joined Jul 2010 | Status: Member | 61 Posts

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Post #2,083
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Jan 22, 2019 10:15pm Jan 22, 2019 10:15pm

Ivanyo
Joined Apr 2014 | Status: Member | 692 Posts

GBPJPY - hit TP

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Post #2,084
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Jan 22, 2019 10:54pm Jan 22, 2019 10:54pm

hungthan86
| Joined Jan 2019 | Status: Junior Member | 2 Posts

AUDJPY hit SL
Capture.JPG

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Post #2,085
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Edited at 11:26pm Jan 22, 2019 11:04pm | Edited at 11:26pm

Ivanyo
Joined Apr 2014 | Status: Member | 692 Posts

Quoting hungthan86

Disliked

AUDJPY hit SL Capture.JPG {image}

Ignored

trades like this i stay away;

1 - the lower wick is telling you that there is buying at that level
2 - it is not clearly above or below the EMA and bouncing around

only take the 'best' trades and you will end up better off in the long run!

EDIT - typo

Post #2,086
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Jan 22, 2019 11:16pm Jan 22, 2019 11:16pm

Hooman86
| Joined Sep 2018 | Status: Member | 32 Posts

Quoting Ivanyo

Disliked

{quote} trades like this i stay away; 1 - the upper wick is telling you that there is selling at that level 2 - it is not clearly above or below the EMA and bouncing around only take the 'best' trades and you will end up better off in the long run!

Ignored

I think he did short the trade, thinking there is selling pressure.

I would say the body of the candle is not giving any directions so should have stayed off the trade.

Post #2,087
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Jan 22, 2019 11:25pm Jan 22, 2019 11:25pm

Ivanyo
Joined Apr 2014 | Status: Member | 692 Posts

Quoting Hooman86

Disliked

{quote} I think he did short the trade, thinking there is selling pressure. I would say the body of the candle is not giving any directions so should have stayed off the trade.

Ignored

sorry i mean buying pressure!

basically anything that has big wicks, trade with caution

Post #2,088
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Jan 22, 2019 11:34pm Jan 22, 2019 11:34pm

hungthan86
| Joined Jan 2019 | Status: Junior Member | 2 Posts

EURCHF
there is a signal

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Post #2,089
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Jan 23, 2019 12:00am Jan 23, 2019 12:00am

snail69
Joined Jan 2010 | Status: Not many, but a few and heavy... | 1,856 Posts

Quoting lev10

Disliked

{quote} Hey snail69. Are you using the original system posted on first page for your entry and exit or a variation of it ? If it's a variation would you mind explain your entry and exit rules. Just started reading this thread yesterday. I'm not done yet. I just wanna make sure that I'm using the last version of the system if there has been any change like it happens so many times on FF.

Ignored

Yes Lev, but with some own preferences. Principle is to use outside bar above ema 30 to consider trade and direction.

TP according to fibs. Entry immediately after next candle opens.

Here I differ. Personally consider outside bar as mother bar. Then I look for momentum, where Stoch 6,3,3, close/close come into play. On myfxbook will decide position size based on SL level. This I measure from intended open trade price to bottom/top of the mother bar.
TP mostly a cording to weekly pivots and price action/ candles patterns.

Will open only when indicated RR is >1:1. Risk 1% per trade.

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Wait-Execute-Manage (simple as AB=CD, but not easy)

Post #2,090
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Jan 23, 2019 1:44am Jan 23, 2019 1:44am

jpctop
| Joined Feb 2012 | Status: Member | 138 Posts

Quoting helbor

Disliked

Crazy but good day. In an attempt to calculate fixed % risk at the 4hr rollover i entered too large positions in error and closed a few trades too early. Wish i held on to GBPCHF. Still in GBPJPY with a partial position. Truly a challenge to practice those backtesting principles in live trading but i shall keep trying. Totally missed EURGBP which has already given two excellent opportunities this week. ***Where is Hsz10?? ***Did she retire? {image}

Ignored

Bravo !!!
Do you use a strong lever? Or maybe you have a big capital?
I still have trouble finding my money management. Initially always open a fixed mini lot, like Hsz10. Then I thought it was better to give each trade the same% risk that I would increase every 15 days, if I was positive + confident in the method.

*** Where is Hsz10 ?? -> She left her job. Retreat to the island of Puerto Rico
*** Did she remove? -> Yes, she abandoned us she became a billionaire thanks to her method
(I'm joking of course, I think she's taking a step back to not be influenced by her basic method!)

Post #2,091
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Jan 23, 2019 2:34am Jan 23, 2019 2:34am

Ivanyo
Joined Apr 2014 | Status: Member | 692 Posts

Quoting jpctop

Disliked

{quote} Bravo !!! Do you use a strong lever? Or maybe you have a big capital? I still have trouble finding my money management. Initially always open a fixed mini lot, like Hsz10. Then I thought it was better to give each trade the same% risk that I would increase every 15 days, if I was positive + confident in the method. *** Where is Hsz10 ?? -> She left her job. Retreat to the island of Puerto Rico *** Did she remove? -> Yes, she abandoned us she became a billionaire thanks to her method (I'm joking of course, I think she's taking a step back...

Ignored

she is still around, just not replying to the thread as actively as she used to (probably because she has her method nailed down) - i know only because i have seen her liking posts the past few days