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EURUSD only

  • #34,081
  • Aug 10, 2018 2:39pm Aug 10, 2018 2:39pm
Quoting Slt93
Moved Stop Loss to BE. Stopped out.
I would have run away with the the profit at 1.1424 knowing there's a break out level there which was going to send price back down in such a strong down trend.

I like your attitude to trading. You can easily switch as the market dictates.
  • #34,082
  • Aug 10, 2018 2:40pm Aug 10, 2018 2:40pm
Quoting bigiivan
{quote} Master Ata, is all this valid only on H1 and only on EUR/USD? Thanks in advance!
Every instrument has its own priceaction flow but all the principles I am talking about will be always the same. Works best on a H1 chart as the bigger timeframe and M5 or M15 as small helper timeframes. Or you can try Daily as the bigger TF with M30 as the smaller TF entries. Would work all the same but then as you can guess you had to use larger SL and TP targets.

However, my suggestion is to first wait for the PDF guide I am currently working on. One should know all rules all together as a concept to succeed. Then one must practice live or on a simulator until he/she gets used to quickly drawing or cloning lines. Then one must also know the anomalies of the instrument he/she is trading. If it is Gold for example, what news affect Gold? When is the Gold market opening and closing? If it is Futures, then when does the contracts expire? When is the market opening and closing there? London Open might not have big effect on instruments that are not related with Europe or USA what then? London Open doesn't exist on weekly or monthly chart for example. What then? Now you have to figure out something else that would show you specific important S/R levels for very large timeframes. What type of money management will I apply? How many instruments can I trade simultaneously? Will I be focused enough to handle them all? Then there are broker issues. Internet issues. Your own mistake issues. Psychology. Faith. Luck. Interruptions. Accidents. Your health conditions. And so on and so forth. All these will affect your success.

THEREFORE ONE MUST SIMPLIFY AS MUCH AS HE CAN UNTIL HE MASTERS THE SYSTEM. UNTIL HE/SHE TRADES AUTOMATICALLY. Just like driving a car. Your hands and feet all work in coordination while you don't even think about it after a while. That good and that relaxed you have to become. And trading only one pair will help you tremendously to do that. A pair that is strongly correlated with London Opening helps a lot as well. A pair that is traded by largest group of members helps as well. And that is why I trade "EURUSD" only. I suggest you all to trade likewise. Pick one instrument and stick to it. Master it. Once you are fully comfortable with one pair then you can trade whatever you want, whenever you want and as many pairs as you want.

Good luck and happy learning..

Stay Green
Focus only on what truly matters!
  • #34,083
  • Aug 10, 2018 2:40pm Aug 10, 2018 2:40pm
Quoting Montrealer
Where is Moty with his another blown account? He keeps quiet... He kept asking "where are the bears?". Finally, bears appeared out from wood. That's another painful lesson to ignorant, over-trading and bad habits trader. Don't trade like Moty.
I wouldn't go that far...
We all learn from our own mistakes, not others.
/r
  • #34,084
  • Edited 3:01pm Aug 10, 2018 2:43pm | Edited 3:01pm
Quoting Mitiblotch
{quote} I would have run away with the the profit at 1.1424 knowing there's a break out level there which was going to send price back down in such a strong down trend. I like your attitude to trading. You can easily switch as the market dictates.
That is the trading style that suites the way I feel about the EuroDollar. I have to trade my rules.

So, today´s daily 10 x 50, namely, M6 is the money indicator today.

M1 to M5 10 crossed 50 UP, but not M6, the shortest one that was correct all day today.

The BUY signal was given on M3 - also in the Zone, hence the immediate Move to BE. Rules, rules, rules.

Ok, was a false signal, well, no signal on the M6.

My M6 Stochastic also did not cross the bottom BUY level up. Confirmation of NO BUY.

M2 MACD already reversed Down - in the Zone - for continuation of Bear trend.

Obviously, being Friday and this time, no entry any more.
Only real values: Valid rules, discipline and experience.
  • #34,085
  • Aug 10, 2018 2:45pm Aug 10, 2018 2:45pm
Thats what i call a good EUR/USD day-well, i am famous for my winner/looser ratio....
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  • #34,086
  • Aug 10, 2018 2:54pm Aug 10, 2018 2:54pm
Its relevant to the thread, but lets not ridicule our peers who might be having a bad streak.
Everyone here surely has different techniques and tricks, and they have different success or failure rates.
i have blown several accounts in past and im still in this game. Its about learning at each step and keeping composure.
And thanks ti Ata for this thread that I spend a lot if time going through, and all of you who share stuff on it. At the end its upto us to use whatever information we deem suitable.

and im holding my eurusd longs 🛏
  • #34,087
  • Aug 10, 2018 2:56pm Aug 10, 2018 2:56pm
Quoting Ata-Turkoglu
{quote} Every instrument has its own priceaction flow but all the principles I am talking about will be always the same. Works best on a H1 chart as the bigger timeframe and M5 or M15 as small helper timeframes. Or you can try Daily as the bigger TF with M30 as the smaller TF entries. Would work all the same but then as you can guess you had to use larger SL and TP targets. However, my suggestion is to first wait for the PDF guide I am currently working on. One should know all rules all together as a concept to succeed. Then one must practice live...
THANKS,MASTER!
I have just one question. A different question. How do You feel when trading? Is the trading makes You exiting or it is like something usual?
  • #34,088
  • Aug 10, 2018 3:01pm Aug 10, 2018 3:01pm
Quoting Moty
{quote} Do not be gloating too much. my acount was blown in the morning , next deposite is on monday . at least i earn something today , one more ignored member . in the end , i will see only ata's massages.. I thought in the forum in my country there are wicked peoples , but I see that evil is universal, because there is a way to say things. Go clean your mouth, and then come back {image}
I have to admit Moty, I really respect your peaceful attitude and your good will despite all the people who make fun of you. I am pretty sure you will get better day by day. Study your mistakes, don't give up and keep your radars open. Good luck!

Stay Green
Focus only on what truly matters!
  • #34,089
  • Aug 10, 2018 3:06pm Aug 10, 2018 3:06pm
LONG again based on M1 to M12 MACDs all reversed UP. M15 with Daylight UP.

Moved Stop Loss to BE. Safe again. :-)

M15 MACD reversed UP too by now.
Only real values: Valid rules, discipline and experience.
  • #34,090
  • Aug 10, 2018 3:13pm Aug 10, 2018 3:13pm
Quoting Slt93
LONG again based on M1 to M12 MACDs all reversed UP. M15 with Daylight UP. Moved Stop Loss to BE. Safe again. :-) M15 MACD reversed UP too by now.
1st time its held a level today ,, may get a good crack towards 1433 again .
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  • #34,091
  • Aug 10, 2018 3:14pm Aug 10, 2018 3:14pm
Hello there. I just want to ask. Is it possible to get 5k pips for a week ?
  • #34,092
  • Aug 10, 2018 3:20pm Aug 10, 2018 3:20pm
H1 Status Update (Finalizing the Day and Week)

What a week eh? I hope you all enjoyed and profited. Get a good rest and try to relax. Life is beautiful no matter what and there will be many more opportunities in all our tomorrows. No worries and keep your heads high and stay safe.

Calling it a day and week. Monday we can hopefully continue. Just keep the dashed black trendline channel in mind. Not the best time for longs still.

Happy Weekends Folks..

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #34,093
  • Aug 10, 2018 3:26pm Aug 10, 2018 3:26pm
Stopped out at BE. Weekend.
Only real values: Valid rules, discipline and experience.
  • #34,094
  • Aug 10, 2018 3:28pm Aug 10, 2018 3:28pm
Quoting bigiivan
{quote} THANKS,MASTER! I have just one question. A different question. How do You feel when trading? Is the trading makes You exiting or it is like something usual?
To be honest. Trading is cloning a line every hour or so onto your chart and doing the same thing again and again. Money keeps coming. I sincerely don't feel much. At least I feel no fear or rush at all. Like a clockwork you just ticking until I reach my daily goals.

That's why managing the thread actually makes much more fun during my work day. Trading is just one click. Most of my day next to the thread is coffee and cake.. lunch with friends and family.. personal activities like sports.. walks.. hobbies.. games.. movies.. travelling.. and much more.. let's call it: living a life even while working.. I have no complaints..

Stay Green
Focus only on what truly matters!
  • #34,095
  • Aug 10, 2018 3:31pm Aug 10, 2018 3:31pm
Stayed GREEN this week. I'm on a roll 2 months now!

Have a great weekend!
Follow my trading progress on Instagram: rags2millions
  • #34,096
  • Aug 10, 2018 3:38pm Aug 10, 2018 3:38pm
Quoting Ata-Turkoglu
{quote} To be honest. Trading is cloning a line every hour or so onto your chart and doing the same thing again and again. Money keeps coming. I sincerely don't feel much. At least I feel no fear or rush at all. Like a clockwork you just ticking until I reach my daily goals. That's why managing the thread actually makes much more fun during my work day. Trading is just one click. Most of my day next to the thread is coffee and cake.. lunch with friends and family.. personal activities like sports.. walks.. hobbies.. games.. movies.. travelling.....
God bless You and your familly! And the people like You.
  • #34,097
  • Aug 10, 2018 3:50pm Aug 10, 2018 3:50pm
Quoting Engr.trader
{quote} I do not know yalls strategy good enough to know about the LO TL. Can you show me a pic, and maybe explain how you drew it?
Sorry for the delay, I am just now seeing tis request. 15 min chart
Attached Image (click to enlarge)
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #34,098
  • Aug 10, 2018 3:58pm Aug 10, 2018 3:58pm
Ata,

many thanks for your strategy explanation.
I have a little question about p.2:

there are 2 bear candles in the circle left:
the first with Nr.2 and the next without any Number,
maybe it has to have Nr.3
you wrote:
Quote
I immediately clone a SEPARATE Blue TL to that bearish candle's body TOP.

Do you speak about bearish candle Nr.3?

Sorry for misunderstanding &
have a nice weekend

vvm
PA Trading with EMAs & common Sense
  • #34,099
  • Aug 10, 2018 4:34pm Aug 10, 2018 4:34pm
just a thought for the weekend.. this is a weekly DX chart. H&S, breakout at 95. Possible retrace to 95 area which possibly gives us some good buy potential but after test, more bear movement. Just something to consider..
Attached Image (click to enlarge)
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #34,100
  • Aug 10, 2018 4:35pm Aug 10, 2018 4:35pm
Thanks for all your explanations Ata and everyone else. I did well (for me) this week at +20% , 19% from EUR/USD lol.
You guys have a good weekend and I'll see you all next week.

Paul
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