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Simple H4 Mobile Trading System

  • #2,281
  • Feb 11, 2019 4:34am Feb 11, 2019 4:34am
Quoting ficibald
{quote} yes it is right but I will go short instead of long.sorry
Hi ficibald,

Shorting at the top would have been profitable indeed. I've been stopped out. Can you share what you can see that made you want to short?
  • #2,282
  • Feb 11, 2019 4:49am Feb 11, 2019 4:49am
Quoting ryanngyk
{quote} Hi ficibald, Shorting at the top would have been profitable indeed. I've been stopped out. Can you share what you can see that made you want to short?
hi ryanngk.I see last leg extended.I see on top of leg are consilidation and break of it in extended direction,I see stops are taken out if you see break higher than 24 january.I see fast move at candle 00.00 and candle 04.00 (gmt+2) ignoring consalidadion on left(smart money move price throught it,to nobody jump to it)but in end is consolidation they they sell they positions.at this moment I would go to sell till 1.57280,sl at 1.60970
  • #2,283
  • Feb 11, 2019 4:58am Feb 11, 2019 4:58am
Quoting ficibald
{quote} hi ryanngk.I see last leg extended.I see on top of leg are consilidation and break of it in extended direction,I see stops are taken out if you see break higher than 24 january.I see fast move at candle 00.00 and candle 04.00 (gmt+2) ignoring consalidadion on left(smart money move price throught it,to nobody jump to it)but in end is consolidation they they sell they positions.from now at this moment I would go to sell till 1.57280,sl at 1.60970
Thanks for the insight - I think there is some sense in what you're saying but I don't quite follow how to see when stops are being taken out, or when it is a smart money move.
  • #2,284
  • Feb 11, 2019 5:01am Feb 11, 2019 5:01am
Quoting ryanngyk
{quote} Thanks for the insight - I think there is some sense in what you're saying but I don't quite follow how to see when stops are being taken out, or when it is a smart money move.
you are right man.I just write what I think, in reality I dont know what happens(like all we people,but I accept that)thanks
  • #2,285
  • Feb 11, 2019 5:02am Feb 11, 2019 5:02am
Quoting ryanngyk
{quote} Thanks for the insight - I think there is some sense in what you're saying but I don't quite follow how to see when stops are being taken out, or when it is a smart money move.
just follow the post no 2 bro if u want gains from this strategy
  • #2,286
  • Feb 11, 2019 5:27am Feb 11, 2019 5:27am
Quoting syedtaimur
{quote} just follow the post no 2 bro if u want gains from this strategy
Thanks Syed, have you been making good progress with this taking similar setups like mine?
  • #2,287
  • Feb 11, 2019 5:36am Feb 11, 2019 5:36am
Another setup, this time on NZDUSD
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  • #2,288
  • Feb 11, 2019 5:41am Feb 11, 2019 5:41am
Long opportunities on EURAUD and GBPNZD, Short on AUDUSD
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  • #2,289
  • Feb 11, 2019 8:07am Feb 11, 2019 8:07am
New to this thread, like the system. Still reading though. Entered long on GBPNZD, even though GBP is weak today because of news, hopefully it'll pick up during the day or rest of week.
  • #2,290
  • Edited 11:03am Feb 11, 2019 10:52am | Edited 11:03am
My pairs.
If will be okey, need sell short.
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  • #2,291
  • Feb 11, 2019 8:40pm Feb 11, 2019 8:40pm
@caillo - all the best, hopefully it doesnt touch SL

@eInvestFX - EURCHF seems to be sitting on an upwards trendline on the 4H / Daily chart, hope it works out for you!
  • #2,292
  • Feb 11, 2019 11:02pm Feb 11, 2019 11:02pm
Quoting BeaterTrader
{quote} It can be a good entry but for safety i usally skip long/short wich are not above/under the MA30 on D1 Last 5 days trading - lot size 0.1% to 0.4% risk {image}

what are you using for your stat's indicator?
Attached Image
  • #2,293
  • Feb 12, 2019 4:10am Feb 12, 2019 4:10am
Quoting ryanngyk
@caillo - all the best, hopefully it doesnt touch SL @eInvestFX - EURCHF seems to be sitting on an upwards trendline on the 4H / Daily chart, hope it works out for you!
EURCHF lose
EURJPY still in action
  • #2,294
  • Feb 12, 2019 11:00am Feb 12, 2019 11:00am
U30USD
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  • #2,295
  • Feb 12, 2019 1:02pm Feb 12, 2019 1:02pm
I followed this strategy, with 0.01 fixed for this month (still has to finish) analyzing the report of mt4, it is clear that the large candles lead to a stop loss so large, and therefore the average value of losses exceeds the average value of winnings. How do you behave with big candles?
  • #2,296
  • Feb 12, 2019 8:19pm Feb 12, 2019 8:19pm
Quoting gian97
I followed this strategy, with 0.01 fixed for this month (still has to finish) analyzing the report of mt4, it is clear that the large candles lead to a stop loss so large, and therefore the average value of losses exceeds the average value of winnings. How do you behave with big candles?
Mean reversion. Enter the position when price is close to the mean the stop is just above or below the engulfing candle depending on whether you're buying or selling. once price breaks out,I take partial profits move SL to BE and let the trade run risk free.
This prevents heavy DD
4&1 All Time Profit: $37,496
  • #2,297
  • Feb 12, 2019 9:29pm Feb 12, 2019 9:29pm
Quoting gian97
I followed this strategy, with 0.01 fixed for this month (still has to finish) analyzing the report of mt4, it is clear that the large candles lead to a stop loss so large, and therefore the average value of losses exceeds the average value of winnings. How do you behave with big candles?
I have said all along...this strat. requires a constant % of account for each trade.
  • #2,298
  • Feb 13, 2019 2:49am Feb 13, 2019 2:49am
Quoting gian97
I followed this strategy, with 0.01 fixed for this month (still has to finish) analyzing the report of mt4, it is clear that the large candles lead to a stop loss so large, and therefore the average value of losses exceeds the average value of winnings. How do you behave with big candles?
i am also testing it on live account with minimum lot 0.01 and here is the results from 1st of february till now
in first week u can see my drawdown reached -350 pips but i didnt stop and continue trading, and i will keep trading according to rules post # 2, untill end of this month
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  • #2,299
  • Feb 13, 2019 3:55am Feb 13, 2019 3:55am
Quoting MzansiObi
{quote} Mean reversion. Enter the position when price is close to the mean the stop is just above or below the engulfing candle depending on whether you're buying or selling. once price breaks out,I take partial profits move SL to BE and let the trade run risk free. This prevents heavy DD
sorry but seeing my little English I want to be sure I understand: you intend to enter a 50% retracement of the big candle?
  • #2,300
  • Feb 13, 2019 6:11am Feb 13, 2019 6:11am
this is what happened since January 20th. Now, I'm at 9% drawdown. Obviously that the periods so there are for each strategy, I will wait at least 3 months before giving a sentence.
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