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Trading is as simple as 1-2-3

  • #5,341
  • Dec 1, 2017 3:20am Dec 1, 2017 3:20am
Quoting benjamintoh8
Stopped out of GU Long here is what happened. refer to the screenshot ( sorry im using tradignview as i am at work) 1)3rd bar from the right, made a new daily low and reversed. 2) entered on the 2nd bar from the right when price tested the low and retraced to open (i know you cant see it here, but look at the 1 min chart and you will know what i mean) 3) Obviously from the pictyure you can then see that the bar then went on to make a new low, stopping my trade out. This is what i meant exactly in my first few posts. price tests previous...
My advice is keep trading and avoid over-analyzing. I was not watching that trade but at some point it made +15.
The part you seemed to get right is "anything can happen."
  • #5,342
  • Dec 1, 2017 3:22am Dec 1, 2017 3:22am
Attached Image (click to enlarge)
Click to Enlarge Name: 121 cadchf.png Size: 19 KB

Short CADCHF +6 locked. My EJ short now +26, switched to 20 trailer
  • #5,343
  • Dec 1, 2017 3:23am Dec 1, 2017 3:23am
Quoting hal7
{quote} My advice is keep trading and avoid over-analyzing. I was not watching that trade but at some point it made +15. The part you seemed to get right is "anything can happen."
With so many pairs going on at a time, definitely there needs to be some sort of auto program that will sense a certain number of pips gained and shift to BE and reduce positions size etc etc. Do you manually look at each pair that you have trades open to manage? or you use some sort of autmated trade management for this?
  • #5,344
  • Dec 1, 2017 3:59am Dec 1, 2017 3:59am
Quoting benjamintoh8
{quote} With so many pairs going on at a time, definitely there needs to be some sort of auto program that will sense a certain number of pips gained and shift to BE and reduce positions size etc etc. Do you manually look at each pair that you have trades open to manage? or you use some sort of autmated trade management for this?
I have 12 pairs on the screen I watch, with my eyes. Reread all the posts here starting from #1 and you will have the answers to your questions. Then make trades for one year. You will learn even more. It's not in an EA.
  • #5,345
  • Dec 1, 2017 4:00am Dec 1, 2017 4:00am
EJ +30, EU +22 both on 20 trailers.
  • #5,346
  • Dec 1, 2017 4:11am Dec 1, 2017 4:11am
Quoting hal7
{quote} I have 12 pairs on the screen I watch, with my eyes. Reread all the posts here starting from #1 and you will have the answers to your questions. Then make trades for one year. You will learn even more. It's not in an EA.
Thanks! Just to be clear, i am not questioning or challenging any of the rules. The entry rules are pretty clear and simple and great. The next thing is trade maangement. Just want to have some sharing on the various trade management rules different people here use to shorten the learning curve. Of course, it goes without saying that simply trading the system and learning over 1 year is still the best way, and of course ill do that. But if i can get some tips and hopefully shorten the learning curve then why not?
  • #5,347
  • Dec 1, 2017 4:20am Dec 1, 2017 4:20am
Quoting benjamintoh8
{quote} Thanks! Just to be clear, i am not questioning or challenging any of the rules. The entry rules are pretty clear and simple and great. The next thing is trade maangement. Just want to have some sharing on the various trade management rules different people here use to shorten the learning curve. Of course, it goes without saying that simply trading the system and learning over 1 year is still the best way, and of course ill do that. But if i can get some tips and hopefully shorten the learning curve then why not?
everybody is different, you cant shorten your personal learn curve.
just collect your trades over the time with pics and learn from them.
at the start you need some help or mentors.
but after this period only you can help yourself.
trading is like dancing, don't think and just listen to the music!
  • #5,348
  • Dec 1, 2017 4:21am Dec 1, 2017 4:21am
Quoting benjamintoh8
{quote} Thanks! Just to be clear, i am not questioning or challenging any of the rules. The entry rules are pretty clear and simple and great. The next thing is trade maangement. Just want to have some sharing on the various trade management rules different people here use to shorten the learning curve. Of course, it goes without saying that simply trading the system and learning over 1 year is still the best way, and of course ill do that. But if i can get some tips and hopefully shorten the learning curve then why not?
The tips are best learned by your experience, we all had to do that. Shortening the learning curve is not necessarily a good thing. Reread the posts. Then learn by doing, that is the best teacher.
  • #5,349
  • Dec 1, 2017 4:38am Dec 1, 2017 4:38am
Quoting hal7
{quote} I have 12 pairs on the screen I watch, with my eyes. Reread all the posts here starting from #1 and you will have the answers to your questions. Then make trades for one year. You will learn even more. It's not in an EA.
Hi hal7,

You mention lat you look at 12 pairs. Can you share them for comparison purposes!

Thanks
Wapen,
  • #5,350
  • Dec 1, 2017 4:49am Dec 1, 2017 4:49am
Attached Image (click to enlarge)
Click to Enlarge Name: 121eg.png Size: 20 KB

Short EG +5 locked
  • #5,351
  • Dec 1, 2017 4:58am Dec 1, 2017 4:58am
Quoting Wapen
{quote} Hi hal7, You mention lat you look at 12 pairs. Can you share them for comparison purposes! Thanks Wapen,
And give away all the trade secrets...No.

The basics are AU, EU, EJ, GU, GJ, NZ, JY, CF (Swissie), CA (Loonie), EG, AJ, CACF
The last two mainly use to fill out my screen and do experiment with others there. The CACF has done well.
  • #5,352
  • Dec 1, 2017 5:01am Dec 1, 2017 5:01am
My EJ +60 EU +37 total autopilot now 20 trailer. Nice for a Friday....
  • #5,353
  • Dec 1, 2017 5:19am Dec 1, 2017 5:19am
Quoting benjamintoh8
Stopped out of GU Long here is what happened. refer to the screenshot ( sorry im using tradignview as i am at work) 1)3rd bar from the right, made a new daily low and reversed. 2) entered on the 2nd bar from the right when price tested the low and retraced to open (i know you cant see it here, but look at the 1 min chart and you will know what i mean) 3) Obviously from the pictyure you can then see that the bar then went on to make a new low, stopping my trade out. This is what i meant exactly in my first few posts. price tests previous...
Keep at it. This happens. If you'd stuck in and kept your losses under control (whatever way you wish, as discussed previously), then you'd just have made it back as the long move finally happened.

If it's any consolation, just going by what you see there, I would have been ok with taking the entry - however looking at H4 and you'd see price was / is butting up against a Supply Zone and I'd have looked for a short move off of that. Perhaps not a very long or sustained move as it is a strong uptrend - but a short nevertheless. (As an aside, the Daily is also in an extremely strong-looking Bull move).
  • #5,354
  • Dec 1, 2017 10:21am Dec 1, 2017 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 54 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,355
  • Dec 4, 2017 1:52am Dec 4, 2017 1:52am
Quoting hal7
{quote} And give away all the trade secrets...No. The basics are AU, EU, EJ, GU, GJ, NZ, JY, CF (Swissie), CA (Loonie), EG, AJ, CACF The last two mainly use to fill out my screen and do experiment with others there. The CACF has done well.
pings going off all over the place
  • #5,356
  • Dec 4, 2017 2:11am Dec 4, 2017 2:11am
Quoting wannalearn12
{quote} pings going off all over the place
first tp hit +10 eu trade is now with 10 trailer and I am going to sleep... cheers
  • #5,357
  • Dec 4, 2017 2:13am Dec 4, 2017 2:13am
UJ UC short +5 locked each
  • #5,358
  • Dec 4, 2017 2:15am Dec 4, 2017 2:15am
Quoting benjamintoh8
UJ UC short +5 locked each
good work.
  • #5,359
  • Dec 4, 2017 2:31am Dec 4, 2017 2:31am
UF Short AU long +5 locked each
  • #5,360
  • Edited 3:31am Dec 4, 2017 3:10am | Edited 3:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 124eu.png Size: 19 KB

Short EU +5 locked +13 moved to 10 trailer
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