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SAFE - KISS

  • #401
  • Feb 16, 2018 2:10am Feb 16, 2018 2:10am
Quoting Ralffe
{quote} Overall money management is entirely up to the individual. Everyone has their own MM so each to his/her own.
Yes, that's for sure. Anyway I think that, since you have great probability of success following your strategy AND money menagement, it would be useful for us to know how you menage it.

Cheers,
Mirko
  • #402
  • Feb 16, 2018 2:26am Feb 16, 2018 2:26am
Hi Ralffe, i have a question regarding the trades we open on 4hr TF on the pullback.
Let's say we are short on daily TF. On 4hr TF we have a long signal and we think the price is going to pullback. We open a long trade on 4hr TF, what is our target? If the price get the 50% fibo of the daily movement we close the long trade? If the price continue to rise over 50% and there we have a long signal, we ignore it because is above the 50% fibo?

Thanks very much,
Mirko
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  • #403
  • Feb 16, 2018 3:08am Feb 16, 2018 3:08am
Quoting Seabreeze
{quote} Hi Ralffe May I ask if your concern is because of the resistance line shown here on the weekly chart. Many thanks for your time. {image}
Yes there is major past resistance there but I was refering to the recent tops on the Daily over the past 3 weeks.
Conventional trading is for losers
  • #404
  • Feb 16, 2018 3:12am Feb 16, 2018 3:12am
Quoting okrim
Hi Ralffe, i have a question regarding the trades we open on 4hr TF on the pullback. Let's say we are short on daily TF. On 4hr TF we have a long signal and we think the price is going to pullback. We open a long trade on 4hr TF, what is our target? If the price get the 50% fibo of the daily movement we close the long trade? If the price continue to rise over 50% and there we have a long signal, we ignore it because is above the 50% fibo? Thanks very much, Mirko {image}
The target as I mentioned from the start is decided by the line or your SL.
50% is quite often a good target to assume but some times the retrace only goes 30%. Then we get what is happening now on EU, AU, NU & gold. Only the line can tell you when a move is over.
It is unfortunate that the present action presented us with such steep price action. Something that is very rare.
Conventional trading is for losers
  • #405
  • Feb 16, 2018 3:45am Feb 16, 2018 3:45am
Quoting Ralffe
{quote} The target as I mentioned from the start is decided by the line or your SL. 50% is quite often a good target to assume but some times the retrace only goes 30%. Then we get what is happening now on EU, AU, NU & gold. Only the line can tell you when a move is over. It is unfortunate that the present action presented us with such steep price action. Something that is very rare.
Yes, very unfortunate!
When you say "line" you mean the trendline, right?

Thanks,
Mirko
  • #406
  • Feb 16, 2018 7:07am Feb 16, 2018 7:07am
Hi Ralffe,

what do you think of this kind of entry? Usually i see often similar situation, so i think it is wise to wait that the price breaks the high of that candle.
The price breaks the trendline, the next candle close above it without touch it, I put a buy order above the high of that candle.
Is it right?

Thanks,
Mirko
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  • #407
  • Feb 16, 2018 7:16am Feb 16, 2018 7:16am
Following of the previous chart, i remove the buy order and I fix the trendline to the last swing, I think it is ok.

Mirko
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  • #408
  • Feb 16, 2018 2:38pm Feb 16, 2018 2:38pm
This is my plan regarding BTCUSD, we see the price broke the trendline, and the next candle didn't touch it, so ok, today is friday and one hour and half to the close of the market, but on monday if the situation is like this, i will put a buy order right above the last candle.

Mirko
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  • #409
  • Feb 16, 2018 2:47pm Feb 16, 2018 2:47pm
Here are the trades i am in,

cheers,
Mirko
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  • #410
  • Feb 16, 2018 3:05pm Feb 16, 2018 3:05pm
Hello, I tried to draw on the EURUSD D1 I do not know if it's good, please rate
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  • #411
  • Feb 16, 2018 4:10pm Feb 16, 2018 4:10pm
Quoting okrim
Here are the trades i am in, cheers, Mirko {image} {image} {image} {image}
Thanks for your screen shots Mirko will be great to see Ralffe take on it. Have a good weekend everyone.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #412
  • Feb 16, 2018 7:05pm Feb 16, 2018 7:05pm
Quoting okrim
Here are the trades i am in, cheers, Mirko {image} {image} {image} {image}
You really are getting the hang of this system. Good. Your lines & comments are spot on.
Conventional trading is for losers
  • #413
  • Feb 16, 2018 7:13pm Feb 16, 2018 7:13pm
Quoting marko76
Hello, I tried to draw on the EURUSD D1 I do not know if it's good, please rate {image}
Great.. You have shown the benefit of not drawing steep lines.
Price action over the last 3 weeks have shown 3 things as extremely important. Shallow lines to start with. Keeping your SL out of reach from the BS spikes & major fake-outs & moving the line after each wave formation.
Conventional trading is for losers
  • #414
  • Feb 18, 2018 4:11pm Feb 18, 2018 4:11pm
Quoting Ralffe
{quote} You really are getting the hang of this system. Good. Your lines & comments are spot on.
Thanks very much Ralffe, i am doing my best

I attatch here the btcusd daily chart, i have entered long right at the open the weekly session, the price opened with a gap, so I know that the better entry was at gap filled, but maybe the price doesn't fill the gap, and i don't want to risk to lose this train. So I am in.

Cheers,
Mirko
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  • #415
  • Feb 19, 2018 2:09pm Feb 19, 2018 2:09pm
EUR/NZD

This will be a big short... :-D
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  • #416
  • Feb 19, 2018 2:30pm Feb 19, 2018 2:30pm
Quoting MrGreen95
EUR/NZD This will be a big short... :-D {image}
Let's see! Are you in?
  • #417
  • Feb 19, 2018 2:47pm Feb 19, 2018 2:47pm
Here are the trades I am still in,

cheers,
Mirko
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  • #418
  • Feb 19, 2018 3:08pm Feb 19, 2018 3:08pm
Quoting okrim
{quote} Let's see! Are you in?

Not yet
  • #419
  • Feb 19, 2018 3:24pm Feb 19, 2018 3:24pm
Quoting MrGreen95
{quote} Not yet
I think we can put a sell oder there. And hope that the price trends...
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  • #420
  • Feb 19, 2018 5:55pm Feb 19, 2018 5:55pm
So this is my AUDUSD mock up. I have been backtesting and this seems like a good way to ensure patience. Keen on feedback

 

  1. I find my entry candle
  2. Place anchor for trend line 30 candles back in line with my Stop Loss (previous swing high/low).
  3. I then wait for price to pass 1:1 before trailing stop with trend line.

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