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SAFE - KISS

  • #621
  • Mar 2, 2018 5:22pm Mar 2, 2018 5:22pm
Quoting tenthman
Please explain why I am losing money. Got in on the purple vertical line ... WHY am I losing money ... and there are multiple of times where this has happened. How is this fellow "winning" 95% of the time? {image}
You have not lost on this trade. You are in DD.
You entered the trade 40 pips late so now in an extra 40 pips DD
There is always the chance of a retrace at any time so Dds are to be expected. If the SL is placed correctly the chance of a loss is mimimal
Patience & discipline
Conventional trading is for losers
  • #622
  • Edited 6:03pm Mar 2, 2018 5:32pm | Edited 6:03pm
Quoting tenthman
This sort of price action seems to be the norm ... the price action that "Mr Green" posts seems to be the "not-so-norm". Is it just me?

Compare this screenshot to post #611. It is the same chart, different view! So-norm

When a trade is correct all types of analysis will tell you the same thing!
Attached Image (click to enlarge)
Click to Enlarge Name: VIEW.PNG Size: 37 KB
  • #623
  • Mar 2, 2018 5:43pm Mar 2, 2018 5:43pm
Have a system that works and fit to your trading style and when you have it ACT in every situation. Do not hesitate or have doubt on it or else it will ruin the whole structure of your trades.
  • #624
  • Mar 2, 2018 5:43pm Mar 2, 2018 5:43pm
Quoting tenthman
This sort of price action seems to be the norm ... the price action that "Mr Green" posts seems to be the "not-so-norm". Is it just me?
Yes the price action is the norm. This is Daily chart long term trading. DDs up to 200 pips can be expected & must be catered for to achieve the desired results.
Conventional trading is for losers
  • #625
  • Mar 2, 2018 6:18pm Mar 2, 2018 6:18pm
Quoting tenthman
Please explain why I am losing money. Got in on the purple vertical line ... WHY am I losing money ... and there are multiple of times where this has happened. How is this fellow "winning" 95% of the time? {image}
zoom out ...check the lay of the land .....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.JPG Size: 88 KB
  • #626
  • Mar 2, 2018 6:42pm Mar 2, 2018 6:42pm
Hook me up !!!
  • #627
  • Mar 2, 2018 7:08pm Mar 2, 2018 7:08pm
Quoting tenthman
{image}
just my take on things NU
Attached Image (click to enlarge)
Click to Enlarge Name: nu daily.JPG Size: 85 KB

hope its right
  • #628
  • Mar 2, 2018 7:54pm Mar 2, 2018 7:54pm
Quoting tenthman
Please explain why I am losing money. Got in on the purple vertical line ... WHY am I losing money ... and there are multiple of times where this has happened. How is this fellow "winning" 95% of the time? {image}
...no...you did'nt lost...i'm in same trade...with drawdown...patience...
Money is made by sitting, not trading. Jesse L. Livermore
  • #629
  • Mar 2, 2018 7:57pm Mar 2, 2018 7:57pm
Quoting Ralffe
{quote} You have not lost on this trade. You are in DD. You entered the trade 40 pips late so now in an extra 40 pips DD There is always the chance of a retrace at any time so Dds are to be expected. If the SL is placed correctly the chance of a loss is mimimal Patience & discipline
...yes...
Money is made by sitting, not trading. Jesse L. Livermore
  • #630
  • Mar 3, 2018 1:38am Mar 3, 2018 1:38am
A break of that trend line and new bar above means sl/tp , enter long
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 26 KB
  • #631
  • Mar 3, 2018 1:48am Mar 3, 2018 1:48am
Quoting yomex_y2
A break of that trend line and new bar above means sl/tp , enter long {image}
looks to me like a W formation in the making which gives an eventual reversal to the downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 29 KB
  • #632
  • Mar 3, 2018 3:02am Mar 3, 2018 3:02am
Quoting yomex_y2
{quote} looks to me like a W formation in the making which gives an eventual reversal to the downtrend {image}
OR
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 27 KB
Conventional trading is for losers
  • #633
  • Mar 3, 2018 3:44am Mar 3, 2018 3:44am
Quoting Ralffe
{quote} OR {image}
Are'nt you in fact wandering OFF the original path Ralffe?
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.JPG Size: 89 KB
wondering
  • #634
  • Mar 3, 2018 8:40am Mar 3, 2018 8:40am
Hello traders,

I am working on the system in simulator. EURJPY-4H- 2015- 25th of March.

I am having difficulty on where to take profits in that system. KISS suggests not to take any profit and wait for a stop loss hit. Is that right?

if you take a closer look, you can see the previous candle could not touch to the line . Do I have right to think my long at this point is tired?

Please check my simulator chart. What would you do at this point?

1. Would you wait for your stop loss hit and look for short?
2. Would you just take profit and short right away?
3. Take profit and wait for downtrend confirmation which will come with stop loss hit?
4.?

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 4H.JPG Size: 173 KB
There are no weapons that will form against my financial prosperity.
  • #635
  • Mar 3, 2018 9:23am Mar 3, 2018 9:23am
I am not the expert but I think I'd have moved my line down to the most recent low which would out the next few bars there still within the uptrend and I'd still be holding.

How do you use a simulator? I'd be interested in that
  • #636
  • Mar 3, 2018 10:54am Mar 3, 2018 10:54am
Quoting sa12uk
I am not the expert but I think I'd have moved my line down to the most recent low which would out the next few bars there still within the uptrend and I'd still be holding. How do you use a simulator? I'd be interested in that
Here it is. Very useful.
Put it in experts folder and open it with strategy tester.
Attached File(s)
File Type: ex4 FX Blue - Trading Simulator v3.ex4   264 KB | 476 downloads
There are no weapons that will form against my financial prosperity.
  • #637
  • Mar 3, 2018 12:00pm Mar 3, 2018 12:00pm
Thanks
  • #638
  • Mar 4, 2018 2:50am Mar 4, 2018 2:50am
Quoting Map
{quote} Possible make EA from this to draw auto this lines ?
Check post 168 Yoriz made an attempt to make an EA for the system.
There are no weapons that will form against my financial prosperity.
  • #639
  • Mar 4, 2018 9:54am Mar 4, 2018 9:54am
Quoting Map
{quote} So guees still no any EA from this system ?
EA is a bulls**t that turn off your brain in this case IMHO
  • #640
  • Mar 4, 2018 9:54am Mar 4, 2018 9:54am
Quoting Ralffe
{quote} You have not lost on this trade. You are in DD. You entered the trade 40 pips late so now in an extra 40 pips DD There is always the chance of a retrace at any time so Dds are to be expected. If the SL is placed correctly the chance of a loss is mimimal Patience & discipline
Hi Ralffe ... you're probably right. I just ESCAPED from a trade (using a different system ... m15 TF) where I started moving my SL up so it wouldn't get hit and after doing that a few times I realized that my account was being seriously threatened with a wipeout if things keep going. LUCKILY it reversed and I was sooo relieved to wind up with a $20 profit.

I joined forexfactory quite a while ago traded demo for a year or so and then left for a few years. I have never traded a live account until just recently and I guess I'm expecting miracles. I have to admit I love the simplicity of this system. I started using fractals just to help make sure I draw the lines correctly. Not trying to complicate things. Thanks for your generosity in sharing your system.
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