Wow someone actually download it. Maybe out of curiosity {image}
already have a method but I'm always curious...
Regards
- #46
- Edited 7:05am Jun 1, 2018 6:43am | Edited 7:05am
Hello all
I'm going crazy. I've lost about 1600$ so far and it is lots of money in my situation. I am using a trend following system as below. Can any of you guys review my system or guide me to another system which works. This system involves lots of analysis and nothing much
Thank you so much.
My system is fully manual as below. I have been using it on H1 and sometime H4
1. I confirm trend though checking highs and lows + drawing trend line + checking location of price in regard to MA50 (below MA 50 bearish and above bullish) + checking location of MACD line (below zero bearish and above zero bullish)
once all above provide the same signal, I finalise my decision on trend. E.g. all above tell the trend is bearish, I decide trend is bearish
2. Then I confirm momentum: for this I check short term MA 10 and 20. I check location of MAs in regard to each other, direction of MAs and location of price in regard to MAs. So, if fast MA is below slow, and direction of both of them is downward and price is below both of them, then I conclude the momentum is bearish too
3. Then I check whether there is a divergence or not by checking RSI (14). If there is divergence, then I stay away from the trade. For example, if I want to enter bearish, but there is a bullish divergence, I do not enter.
4. If all above is fine (as an example, trend is bearish AND momentum is bearish AND there is no divergence), then I scan for a swing. That is, in a bearish setup, I wait for a pull back to finish and once the price makes a lower low I enter. I place my stop on the top of last swing (last lower high)
Were I'm going wrong? Is there another system which could lead me to profit?
I'm going crazy. I've lost about 1600$ so far and it is lots of money in my situation. I am using a trend following system as below. Can any of you guys review my system or guide me to another system which works. This system involves lots of analysis and nothing much
Thank you so much.
My system is fully manual as below. I have been using it on H1 and sometime H4
1. I confirm trend though checking highs and lows + drawing trend line + checking location of price in regard to MA50 (below MA 50 bearish and above bullish) + checking location of MACD line (below zero bearish and above zero bullish)
once all above provide the same signal, I finalise my decision on trend. E.g. all above tell the trend is bearish, I decide trend is bearish
2. Then I confirm momentum: for this I check short term MA 10 and 20. I check location of MAs in regard to each other, direction of MAs and location of price in regard to MAs. So, if fast MA is below slow, and direction of both of them is downward and price is below both of them, then I conclude the momentum is bearish too
3. Then I check whether there is a divergence or not by checking RSI (14). If there is divergence, then I stay away from the trade. For example, if I want to enter bearish, but there is a bullish divergence, I do not enter.
4. If all above is fine (as an example, trend is bearish AND momentum is bearish AND there is no divergence), then I scan for a swing. That is, in a bearish setup, I wait for a pull back to finish and once the price makes a lower low I enter. I place my stop on the top of last swing (last lower high)
Were I'm going wrong? Is there another system which could lead me to profit?
- #51
- Edited 12:08pm Jun 7, 2018 11:30am | Edited 12:08pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
I can give you a strategy you have to backtest and see if it is profitable for you. First, identify a pin bar on the 4-hour chart. Once the pin bar completes the first criteria for entry is met. Next, make sure it is at a major supply or resistance level only then take the trade Make sure u set the SL to the high or low point of the bar. Next just trying stacking 3 positions on this trade. When trade move 20 pips in your favor move SL to break even and let it ride. You can take partial profits along the way. Exit at the next S/R level. Give it a...
As all traders do, I adapted this to fit my own personality and belief system.
(sim display only shows results of one trade-the first short)
Not getting into the rule-set, because the point is WE ALL TRADE BASED ON OUR INDIVIDUAL PERSONALITY AND BELIEF SYSTEM. It is a fallacy that a trading system fails because of overexposure. Each individual trader brings a set of hopes and fears that dictate their actions. Which is why multiple traders trading the "same" system can have such varying results.
(OP)It's possible that you have already been exposed to a successful trading system, but simple lack the psychological make-up needed to trade. The good news is, fears can be overcome, habits can be changed, mistakes can be learned from, and mind-sets can be altered.
Without VSA, you're playing checkers while the Smart Money plays chess.
- #52
- Jun 7, 2018 12:55pm Jun 7, 2018 12:55pm
- Joined Oct 2014 | Status: the mighty duck | 1,035 Posts
{quote} I'm not the kind of person who shares the holy grail but for you I'm going to make an exception. This system is 100% winning. Please, download the Dopamine system in attached. Trade well{image} {file}
you are so funny........
we don't predict, we only ride
- #53
- Jun 8, 2018 2:30am Jun 8, 2018 2:30am
- Joined Sep 2017 | Status: Banana Error | 2,614 Posts
{quote} huahahahaha wkwkwkwk kikkikkik hihihihi xixixixi you are so funny........
Peace
POW!
Hello all I'm going crazy. I've lost about 1600$ so far and it is lots of money in my situation. I am using a trend following system as below. Can any of you guys review my system or guide me to another system which works. This system involves lots of analysis and nothing much
