Hi,
I would like to know if it is a bounce back or continuation trend, does the rules still apply?
I would like to know if it is a bounce back or continuation trend, does the rules still apply?
1
Trading Made Simple for Day Charts
EURAUD SELL PEND
Entry TF : 4H
1- APB change color and closed below 7MA & Trend Line
2- APB body enough large
3- Follow the day trend
4- Made LHLL at the day chart
5- TDI not crossed, but I think it is not necessary
4H Chart
Day Chart
Entry TF : 4H
1- APB change color and closed below 7MA & Trend Line
2- APB body enough large
3- Follow the day trend
4- Made LHLL at the day chart
5- TDI not crossed, but I think it is not necessary
4H Chart
Day Chart
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
AUDUSD SELL Entry reason: 1- APB change color and closed below 7MA 2- Make a lower factal 3- TDI crossed down 4- Divergence 5- Breakout the Uptrend line {image}
1- near the support
2- Star bar yesterday
Waiting to continue sell if break out the support zone.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
GBPJPY SELL
Entry reason:
1-APB change color and closed below 7MA.
2-Break out the consolidation.
3-TDI crossed down.
4-The body of SUC is large enough.
MM:
1- Risk=1% per trade
2- TP1=1.5ATR(7)@147.8
Entry reason:
1-APB change color and closed below 7MA.
2-Break out the consolidation.
3-TDI crossed down.
4-The body of SUC is large enough.
MM:
1- Risk=1% per trade
2- TP1=1.5ATR(7)@147.8
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
EURJPY SELL
Entry Reason:
1- APB change color and closed below 7MA
2- Make a lower fractal
3- Break out up trend line
4- SUC body is enough large
5- TDI crossed down
MM:
1- Risk=1%
2- TP=3*ATR(7)@129.5
3- ER(Expected Reward)=1.22
Is it early to entry? What do u think about?
Entry Reason:
1- APB change color and closed below 7MA
2- Make a lower fractal
3- Break out up trend line
4- SUC body is enough large
5- TDI crossed down
MM:
1- Risk=1%
2- TP=3*ATR(7)@129.5
3- ER(Expected Reward)=1.22
Is it early to entry? What do u think about?
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
Hi, I am would like to know more about risk/money management. I have my share of losses that amount to US$7.5K. I really want to learn how to retrieve my losses back...
I am sorry to hear that. I have the same problem with you.
But I don't think what you really need is the money management.
Because you can look for the money management anywhere. and I think any strategy all include the money management.
What you really need is the DISCIPLINE, PATIENCE, PLAN, PRACTICE and so on.
Money Management
Sorry to Britpip7 for the attach which is from another thread here
hope help to you.
Best Regards
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #2,558
- Aug 16, 2019 1:24pm Aug 16, 2019 1:24pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
Here we go - getting back into it with this trade and back in with the day charts. Entered on the new day candle at 5:20 pm PDT - candle starts at 5pm. Left overnight with an initial SL of 220 back to last Low Fractal Low. ATR7 was at 164 pips, so SL @ 1.5xATR7 would have been around 250 pips. Now running with a trailing stop of 100pips - so 30 pips profit locked in. I will get Cave Manager running again so that I can set up for phased exits. 3rd window has the Bill Williams Awesome Oscillator with the 8,3,3 Stochastic overlay. Closed for 100pips...
.Hope this thread can go further.
Best regards
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
- #2,560
- Aug 16, 2019 7:36pm Aug 16, 2019 7:36pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
{quote} Welcome back master
I am very glad to be back on FF
"To live with Passion, it takes Courage and Grace to survive"