Trading Made Simple

Quoting emmanuel7788

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{quote} Hi Bodal it is still the same method how I add positions when the market trends in my favour. In this case, I add using 0.25ADR averaging up on the Weekly chart. I manage the open positions using the Average Entry Price of all open positions and locked the profitable positions with hard stop loss. The TP is multiple of the ADR from the average entry price. When price move higher, I will move the locked SL higher from the average entry price and the TP will also move higher as I open new positions to the basket pool. {image}

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Quoting bodal

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{quote} Thank you for your king and precise answer !

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Quoting Maule

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{quote} Moving SL to Break even. Don't like the look of those small red candles. However, larger Time Frame is still Bullish. If it goes up, good. If Protective Stop gets hit, Still Good. I'm not giving the market back my hard earned pips! {image}

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Quoting emmanuel7788

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{quote} here I just updated my GBPAUD trade management with locked-in profit SL . with SL in place and as market can move higher I will add-on positions at 0.25ADR distance and push my TP higher from the average entry price AEP. no stress now ... see details on chart below. {image}

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Quoting forexdg

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{quote} that very many templates ofcourse lol and arrow in downside shows its many more you are surprising man

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Quoting Not-KPMG

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Folks hello. I don't have time to read everything here, but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. You've been warned. I just want to help I did quick search "was Elliott rich" found this... ....Elliott died broke along with Jesus At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a few bucks. Alex Elder also...

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Quoting emmanuel7788

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AUDUSD Week 38 Sep 20 Sell on Daily and wait for Weekly NY Close and update trade plan for the following week(s). {image}

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Quoting DrDave

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{quote} Maybe I missed something, but I don't see the connection to Trading Made Simple. If there is one, please make it explicit.

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Quoting eelfranz

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Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a

FREE!!!!!!! LOL

free local presentation about trading FX. My mind said We can do that and make money too... from the recliner... so the torture began as happens to all newbies... I bought one sure fire program for $2,300..... . 😱😱😂😂😂😂😂😂😂😂😂😂 ....boom broke ....

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Quoting Not-KPMG

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{quote} I'm not saying there's connection, and I'm not saying NOT connection. If you can't understand the word WARNING.... maybe you lack something? All folks, have you seen the little text " 75-80% traders lose money " That's a second warning That's it. Smart will get it {quote} Oh yes it's third warning (post numero uno on thos thread Wish all green pips, just be patient,...

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Quoting Maule

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{quote} Please have some respect for older traders who contributed to the market. I have studied EW extensively including the man behind the method. The reason he died broke was because he was not a trader. He was an accountant with a brilliant mind for seeing patterns in the financial statements of businesses. In his latter years at the age of 70 he was diagnosed with an incurrable disease and was confined to a wheel chair. With nothing to do, he studied stock charts (this was before the computer age) on printed paper and with his natural talent...

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Quoting Maule

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Please have some respect for older traders who contributed to the market.

I... n he died broke was because he was not a trader. He was an accountant with a brilliant mind for seeing patterns in the financial statements of businesses...

.d. Completely ignoring the few traders who can use the same method that they can't.

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Quoting Not-KPMG

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{quote} Hi Sorry if i seemed brash /sharp. I just got no time to argue. I've been in forex 10.5 years, and the amount of fake prophets I've seen will fill lake Victoria, and I'll gladly throw the crooks there. There's working systems yes. Little letters aren't system So what if Elliott was accountant, what excuse is that to die poor???? Letme tell you of ANOTHER ACCOUNTANT. I know...

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