Almost in profit. Trade's'are paying swap fees to the broker.
- #87,581
- May 31, 2018 3:05am May 31, 2018 3:05am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #87,582
- May 31, 2018 3:11am May 31, 2018 3:11am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Almost in profit. Trade's'are paying swap fees to the broker. {image}
Very good that the market came back for you.
How do you lock those trades/positions which are in profit?
Do you have an average entry price for all open positions?
Post again after you close all these buy trades.
I will then share a few more lessons here for TMS traders based on your kind of trading and situation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,583
- May 31, 2018 3:14am May 31, 2018 3:14am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,584
- May 31, 2018 3:16am May 31, 2018 3:16am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} I call you an idiot. An idiot who can read but do not learn nor understand, thinks he is ripping apart my posts, LOL. You are a newbie of 2 years. You will still be a newbie. You can continue to grow like an idiot.
Are order's close at profit or loss?
If not closed then those orders are where my order's were Monday.
{quote} Hey Tekkies, can you post your H1 chart again and use this script to show where your actual trade entries are on chart that you post. Go to this old post#29533 and download that script. https://www.forexfactory.com/showthr...23#post7224523 I want to see the actual H1 candle where you took those earlier trades. thank you.
Some order's are place with TDI cross over from time frames M5 to H1
- #87,585
- May 31, 2018 3:33am May 31, 2018 3:33am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Have learned not to follow your post's in those two years. Are order's close at profit or loss? If not closed then those orders are where my order's were Monday. {image} {quote} Won't work emmanule. Some order's are place with TDI cross over from time frames M5 to H1 {image}
@Tekkies,
Why 'Won't work'? Are you afraid of something? I only want to follow your trade entry levels and explain a few things to people reading this thread. They can learn from me how to get out of that situation you are caught in and maybe make more money that you with these same trades.
do you mean you placed some of those GBPUSD trades orders using M5 to H1 TDI Cross?
Can you be more specific? which orders were based on M5 TDI cross?
which orders based on H1 TDI cross?
how many other orders based on other TDI timaframe cross? M15 and M30, if any?
If you provide me these information, I can very easily find all the M5, M15, M30 and H1 TDI crosses this week.
Let's discuss trading related going forward.
Edit.
I just saw you added your trades close chart.
You have 11 trades orders , right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,586
- May 31, 2018 3:48am May 31, 2018 3:48am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} @Tekkies, Why 'Won't work'? Are you afraid of something? I only want to follow your trade entry levels and explain a few things to people reading this thread. They can learn from me how to get out of that situation you are caught in and maybe make more money that you with these same trades. do you mean you placed some of those GBPUSD trades orders using M5 to H1 TDI Cross? Can you be more specific? which orders were based on M5 TDI cross? which orders based on H1 TDI cross? how many other orders based on other TDI timaframe cross? M15 and...
M5
M15
M30
H1
H4 - overall view Did not place any order's with this time frame
- #87,587
- May 31, 2018 4:08am May 31, 2018 4:08am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,588
- May 31, 2018 4:58am May 31, 2018 4:58am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} @Tekkies, so you mean you traded like a monkey, swinging from one tree branch to another tree branch, jumping in and out of M5, M15, M30 and H1 charts all day long looking for TDI crosses just to place 11 trade orders. you must be very exhausted every day doing this just for one pair. when you trade this way, your trade orders are placed too close and you end up with too many orders and you can suffer severe drawdown in your account with too many orders open. You don't use stop loss and using fix lot 0.1lot can add up to huge floating losses...
Worked out from Account Balance that 20 trades can be placed. Margin level will still be 1000% Mental S/L is between ZAR -R100 and -R150
Almost closed all orders at -R120.
MN > H4 showed Support level where price is now more or less. Rest is history.
Monkey trades????
Well what do you expect from a newbie.My aim is and will always be - build an equity millipede.
- After H1 crossover
. Move to M5
. On ever TDI crossover place one order in H1 direction
max's 10 / 15 order's
Keep the other orders for counter trade's (Zone Recovery Algorithm)
Each previous order must be at BE before new order.
- Exit when H1 / H4 TDI crossover again
-- That is the plan and price does not like it very much. Always getting de-railed after xxx amount of order's
In loss I try and use Zone Recovery Algorithm.
- Last five order's at bottom.
There should be more recovering order's, even monkey newbie traders got to sleep now and then.
Break even expert is what I use now.
- Set to BE to trigger with ZAR R1.00 profit and placed with S/L ZAR R.20 profit
- #87,589
- May 31, 2018 5:13am May 31, 2018 5:13am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Emmanuel Worked out from Account Balance that 20 trades can be placed. Margin level will still be 1000% Mental S/L is between ZAR -R100 and -R150 Almost closed all orders at -R120. MN > H4 showed Support level where price is now more or less. Rest is history. Monkey trades????
when you trade like what you said: "Each previous order must be at BE before new order. .."
is more like scaling in with positions with locked profits, some call it averaging up. No new risk exposure when your older positions are protected at breakeven.
However, your trade chart show you were averaging down without any clear structure, which is to Build a Position in the market.
But it is good you have your money risk worked out and you knew how much you would lose.
On the other hand, I do not expect any newbie to trade like a monkey.. jumping in and out of different timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,591
- May 31, 2018 7:03am May 31, 2018 7:03am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Emmanuel Worked out from Account Balance that 20 trades can be placed. Margin level will still be 1000% Mental S/L is between ZAR -R100 and -R150 Almost closed all orders at -R120. MN > H4 showed Support level where price is now more or less. Rest is history. Monkey trades????
Hey Tekkies,
here is what it would have turned out if I had started buy on Monday this week, which is against the dominant trend.
I ran this using my MEME trade manager and used the same 0.1 lot like your trades, but I limit my basket to 5 trades and spread them using the ADR.
Maximum risk is $500 allocated to one pair. If there was no retracement deep enough to breakeven and take some profit, I would have lost $500 worst case.
This is the risk when we traded against the dominant trend.
Hope this can help some of you better understand what trading with MEME is about instead of trading with single shot with full risk%.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,592
- May 31, 2018 7:21am May 31, 2018 7:21am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,593
- May 31, 2018 7:42am May 31, 2018 7:42am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
{quote} Hey Tekkies, here is what it would have turned out if I had started buy on Monday this week, which is against the dominant trend. I ran this using my MEME trade manager and used the same 0.1 lot like your trades, but I limit my basket to 5 trades and spread them using the ADR. Maximum risk is $500 allocated to one pair. If there was no retracement deep enough to breakeven and take some profit, I would have lost $500 worst case. This is the risk when we traded against the dominant trend. {image} Hope this can help some of you better understand...
(Tekkies is saying thank you - the guy has lost his marble's)
$300 gain is more then expected.
That Trade Manager is far worse with entry's then me at my best trading days by 2% and still made profit. It give's a ray of hope.
---
Currant trade.
Price need to break-out of that zone (seen on all time frames) or els it is going to stay there for a few more hours. Question which direction.
Close now or wait a few hours or face red new's tomorrow.
Stop - Loss with red new's tend not to not work as they should.
- #87,594
- May 31, 2018 8:51am May 31, 2018 8:51am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} So, which one did you pick? I picked GBPNZD. {image}
GBPNZD Week 22 May 30 to 31 trades to close soon.
yesterday close some positions taken +320 pips total.
Tonight will close some more trades and closing this month.
Important thing about trading is not to hold onto too many positions in floating losses for more than two weeks. Some traders hold on to their trades in floating losses for many more weeks which lock up their trading capital which can be better use to trade other trending pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,595
- May 31, 2018 8:59am May 31, 2018 8:59am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
AUDNZD Week 22 May 29 D1 If you trade with divergence i.e price action vs TDI divergence, this is one pair you can look at. Not much room down till it hit its 200EMA, BN 1.0800, but if you find a good lower timeframe trade with smaller initial stop loss, it may worth the effort. {image}
AUDNZD Week 22 May 31,
It is month end and price is near the 200EMA and the BRN 1.0800. I will close my trades soon and take whatever on my plate.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #87,600
- May 31, 2018 6:32pm May 31, 2018 6:32pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Zidane resignedDidn't expect that.
Yes, that surprised me too when I read BBC sport news. But then look at all the big clubs with big players, these big players command more marketing income for their clubs than the manager/coach. Real Madrid is behind Man Utd in market worth. Its a money business.
But I think he would be France new manager after Moscow 2018 World Cup. Didier Deschamp term is ending.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett