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Simple H4 Mobile Trading System

  • #2,081
  • Jan 22, 2019 4:23pm Jan 22, 2019 4:23pm
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  • #2,082
  • Jan 22, 2019 9:15pm Jan 22, 2019 9:15pm
GBPJPY - hit TP
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  • #2,083
  • Jan 22, 2019 9:54pm Jan 22, 2019 9:54pm
AUDJPY hit SL
Capture.JPG
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  • #2,084
  • Edited 10:26pm Jan 22, 2019 10:04pm | Edited 10:26pm
Quoting hungthan86
AUDJPY hit SL Capture.JPG {image}
trades like this i stay away;

1 - the lower wick is telling you that there is buying at that level
2 - it is not clearly above or below the EMA and bouncing around

only take the 'best' trades and you will end up better off in the long run!

EDIT - typo
  • #2,085
  • Jan 22, 2019 10:16pm Jan 22, 2019 10:16pm
Quoting Ivanyo
{quote} trades like this i stay away; 1 - the upper wick is telling you that there is selling at that level 2 - it is not clearly above or below the EMA and bouncing around only take the 'best' trades and you will end up better off in the long run!
I think he did short the trade, thinking there is selling pressure.

I would say the body of the candle is not giving any directions so should have stayed off the trade.
  • #2,086
  • Jan 22, 2019 10:25pm Jan 22, 2019 10:25pm
Quoting Hooman86
{quote} I think he did short the trade, thinking there is selling pressure. I would say the body of the candle is not giving any directions so should have stayed off the trade.
sorry i mean buying pressure!

basically anything that has big wicks, trade with caution
  • #2,087
  • Jan 22, 2019 10:34pm Jan 22, 2019 10:34pm
EURCHF
there is a signal
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  • #2,088
  • Jan 22, 2019 11:00pm Jan 22, 2019 11:00pm
Quoting lev10
{quote} Hey snail69. Are you using the original system posted on first page for your entry and exit or a variation of it ? If it's a variation would you mind explain your entry and exit rules. Just started reading this thread yesterday. I'm not done yet. I just wanna make sure that I'm using the last version of the system if there has been any change like it happens so many times on FF.
Yes Lev, but with some own preferences. Principle is to use outside bar above ema 30 to consider trade and direction.

TP according to fibs. Entry immediately after next candle opens.

Here I differ. Personally consider outside bar as mother bar. Then I look for momentum, where Stoch 6,3,3, close/close come into play. On myfxbook will decide position size based on SL level. This I measure from intended open trade price to bottom/top of the mother bar.
TP mostly a cording to weekly pivots and price action/ candles patterns.

Will open only when indicated RR is >1:1. Risk 1% per trade.
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  • #2,089
  • Jan 23, 2019 12:44am Jan 23, 2019 12:44am
Quoting helbor
Crazy but good day. In an attempt to calculate fixed % risk at the 4hr rollover i entered too large positions in error and closed a few trades too early. Wish i held on to GBPCHF. Still in GBPJPY with a partial position. Truly a challenge to practice those backtesting principles in live trading but i shall keep trying. Totally missed EURGBP which has already given two excellent opportunities this week. ***Where is Hsz10?? ***Did she retire? {image}
Bravo !!!
Do you use a strong lever? Or maybe you have a big capital?
I still have trouble finding my money management. Initially always open a fixed mini lot, like Hsz10. Then I thought it was better to give each trade the same% risk that I would increase every 15 days, if I was positive + confident in the method.

*** Where is Hsz10 ?? -> She left her job. Retreat to the island of Puerto Rico
*** Did she remove? -> Yes, she abandoned us she became a billionaire thanks to her method
(I'm joking of course, I think she's taking a step back to not be influenced by her basic method!)
  • #2,090
  • Jan 23, 2019 1:34am Jan 23, 2019 1:34am
Quoting jpctop
{quote} Bravo !!! Do you use a strong lever? Or maybe you have a big capital? I still have trouble finding my money management. Initially always open a fixed mini lot, like Hsz10. Then I thought it was better to give each trade the same% risk that I would increase every 15 days, if I was positive + confident in the method. *** Where is Hsz10 ?? -> She left her job. Retreat to the island of Puerto Rico *** Did she remove? -> Yes, she abandoned us she became a billionaire thanks to her method (I'm joking of course, I think she's taking a step back...
she is still around, just not replying to the thread as actively as she used to (probably because she has her method nailed down) - i know only because i have seen her liking posts the past few days
  • #2,091
  • Jan 23, 2019 2:36am Jan 23, 2019 2:36am
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  • #2,092
  • Jan 23, 2019 2:41am Jan 23, 2019 2:41am
I started trying out this method on Monday. This is the results so far.
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  • #2,093
  • Jan 23, 2019 2:45am Jan 23, 2019 2:45am
Closed 1/3
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  • #2,094
  • Jan 23, 2019 3:16am Jan 23, 2019 3:16am
GBPUSD
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  • #2,095
  • Jan 23, 2019 4:26am Jan 23, 2019 4:26am
Shorted EURGBP and EURUSD
I tried enter 30 min before candele close, good entry this time
  • #2,096
  • Jan 23, 2019 5:02am Jan 23, 2019 5:02am
Quoting BeaterTrader
Shorted EURGBP and EURUSD I tried enter 30 min before candele close, good entry this time
Good entries!
  • #2,097
  • Jan 23, 2019 5:39am Jan 23, 2019 5:39am
Both trades manually closed close to TP.
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  • #2,098
  • Jan 23, 2019 5:51am Jan 23, 2019 5:51am
Quoting BeaterTrader
Shorted EURGBP and EURUSD I tried enter 30 min before candele close, good entry this time
You short EU at demand!
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #2,100
  • Jan 23, 2019 8:25am Jan 23, 2019 8:25am
Quoting Ivanyo
News knocked me out of this one (spread caused it to hit SL, even though candles don't look like they hit it). Doesn't matter, can't win them all. Just the cost of doing business... {image}
Solution on this is Simple....

Keep track of red news for the day and avoid trading that currency involved before news comes out.. After news was released there you can analyze your trades with regards to the involved currency...

EDIT
OR probably your broker tricked you and stopped you out.. Just kidding! hehe
We're not here to be right, we're here to Profit Consistently!
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