"EU closed at TP. Almost 700 Euros for today. One of the better mondays i had for quiet a long time."
Hi Iddd, is this a "real" account?. If so, wow, incredible trading!.
Hi Iddd, is this a "real" account?. If so, wow, incredible trading!.
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Disliked"EU closed at TP. Almost 700 Euros for today. One of the better mondays i had for quiet a long time." Hi Iddd, is this a "real" account?. If so, wow, incredible trading!.Ignored
DislikedI added to the GBPJPY trade. Not because this system says anything about that, but because I felt like risking open profits. You can see some of my other trades at the bottom there. I've held on to most of those for almost a week now. When you let your profits run the results can be pretty amazing. {image}Ignored
DislikedWell it's still real money, emotional pressure is greatly reduced, not zero. I was still pretty nervous when I had zero winning trades a couple of weeks ago and closed over 1% total losing trades. Plus these trades are winning now, it's easy to leave winners open, it's booking a loss that's the hard part. I'm trialing the system with 0.01 for a few months on real money. Once I'm happy that the system works I'll bump it up a bit. This is why I'm trading with 0.01, so I can slowly increase the confidence in the system and decrease the emotional pressure...Ignored
Disliked{quote} Yes it might be still real money. But you could achieve the same results (in money amount) with spending less time for a complete 0% risk driving a taxi for a couple of hours a month (well ok its also some risk, you might have an accident...) but i hope you get the point. "It's easy to leave winners open, it's booking a loss that's the hard part" Now that is completely the wrong attitude if you want to make consistent SERIOUS money with trading. Losers are just part of the game and you have to learn accepting them as a cost of doing business....Ignored
Disliked{quote} I get what you're saying. But I made 7% last month trading with 0.01. I also can't look at the charts more than once a day, so sometimes my losers head closer to 100 pip territory, but I'm closing winners > 200 pips. To me it's working, all I have to do is bump up the trade size and look at pips not $$. Who wouldn't be happy with 10% per month anyway? This isn't a get rich quick scheme, it's making consistent gains over time that compound. I'm thinking small at the moment so I still have money to trade tomorrow. Once my 0.01 has made me...Ignored
Disliked{quote} I can see you went short here after the OB but where is the resistance you used? I don't see any?Ignored
Disliked{quote} why does this sort of trade work for you and not for me? I try taking these sorts of trades like the one here on m30 and it's 50/50, no edge at all. I see likica taking them and they work for her. Recently I have been looking hard at charts to try and find out why they don't work for me. There's no hidden div here, no candlestick pattern ...or anything else. I think they work if there's something like that in the setup [still need to test more..], but with the setup you've got there ..why does it work? I notice from looking at the D1 chart...Ignored
Disliked{quote} Learn to pick only the best setups like Big E. I pick only the A+++ setups that have all 10 conditions. Win rate is between 45% and 50% and positive Expectancy above 2.5. Do Not expect 70% to 80%. Be clear what are signals and what are trade setups. Price vs RSI(TDI) divergence is a chart condition for a trade setup. You need to study the RSI Divergence and implement this correctly when you want to trade with divergence setups. RSI: The Complete Guide Post#27,110...Ignored
Disliked{quote} why does this sort of trade work for you and not for me? I try taking these sorts of trades like the one here on m30 and it's 50/50, no edge at all. I see likica taking them and they work for her. Recently I have been looking hard at charts to try and find out why they don't work for me. There's no hidden div here, no candlestick pattern ...or anything else. I think they work if there's something like that in the setup [still need to test more..], but with the setup you've got there ..why does it work? I notice from looking at the D1 chart...Ignored
DislikedAnother trade i took. Not sure if this is a classic bounce trade according to the rules but it looks promising. Daily Trade, therefor reduced position size. {image}Ignored
Disliked{quote} Here an example with EURJPY, look at the price action around the BRN 127.00 128.00and 129.00. What do you see? ? reversal bars/candles ? PA with 5SMMA High-Low if you read the old thread, Big E used to trade with aggressive entries using the 5SMMA High-Low. He would sell when reversal candles below 5SMMA High and Buy when reversal candle above 5SMMA Low. He did this until he found the displaced 5EMA with Shift+3 to replace that Synergy' 5SMMA High_Low PAC. {image}Ignored
Disliked{quote} Looks like a bounce. On Daily trades, how many pips away is your SL?Ignored
Disliked{quote} EURJPY Nov 06 H4 slow moving but the direction is clear as of now... still in buy mode. Wait and see how it will react at the 129.50 region. If it reverses (a bearish reversal bar/candle), I look for a re-test condition if I want to sell later. {image}Ignored