AC trades X 2. much the same as all the others. +64
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4 Hour Strategy (MACD)
- #30,902
- Edited 3:34am Feb 9, 2020 3:14am | Edited 3:34am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
I have a PM about RR management. I use the indi attached from FF very own programmer named Swingman. The settings are simple to use:-
Select the account mode as account balance to use the whole trading account value or cash amount to use a fixed trading amount like myself using 10K from the demo account balance. Then select how much % you want to risk per trade. In my case its 2%
On the chart drag the SL point to where you want it along with your entry point and the lines will move accordingly to show you your lotsize and TP levels 1, 2 etc.
When you place your trade just enter the lotsize shown on the chart along with your SL value and required TP point.
By using the same amount per trade its easy to work how many R profits you have achieved for the week. The Trade report indi is also attached so you can see how well you have performed for the week. Drop it on a blank chart and set it "just this weeks trades". The % win ratio shown on the trade report is based on the total account value so if you use a fixed amount on the RR calculator you will need to work this % win for yourself. Divide your total profit for the week by your trade amount will give your RR for the week.
My % winrate over the last 3 weeks have been 3%,9.5% and 13.4% so things are improving
Select the account mode as account balance to use the whole trading account value or cash amount to use a fixed trading amount like myself using 10K from the demo account balance. Then select how much % you want to risk per trade. In my case its 2%
On the chart drag the SL point to where you want it along with your entry point and the lines will move accordingly to show you your lotsize and TP levels 1, 2 etc.
When you place your trade just enter the lotsize shown on the chart along with your SL value and required TP point.
By using the same amount per trade its easy to work how many R profits you have achieved for the week. The Trade report indi is also attached so you can see how well you have performed for the week. Drop it on a blank chart and set it "just this weeks trades". The % win ratio shown on the trade report is based on the total account value so if you use a fixed amount on the RR calculator you will need to work this % win for yourself. Divide your total profit for the week by your trade amount will give your RR for the week.
My % winrate over the last 3 weeks have been 3%,9.5% and 13.4% so things are improving
- #30,907
- Edited 8:43pm Feb 10, 2020 8:24pm | Edited 8:43pm
Hi everyone please let me join this amazing thread. I've been learning this system for a few months and my trading skill has been improved a lot – thanks to Phillip Nel!
But I need a little bit help from you guys (my English is not so great so please bear with me)
I took AUDCAD short yesterday (marked with red vertical line), it bounced off of 21 ema (market rhythm) and it's also below the 89 sma but I got stopped out for about -20 pips. What went wrong with my entry from technical point of view? My guess is that, that previous large bullish candle is the main reason why the price went up.
I also just took EURGBP long, the price ignores the moving averages so I estabilished the trendlines, it touched the lines 4 times so I guess the pattern has completed and I decided to go long. What do you think about that?
I would appreciate your inputs a lot. Thank you!
But I need a little bit help from you guys (my English is not so great so please bear with me)
I took AUDCAD short yesterday (marked with red vertical line), it bounced off of 21 ema (market rhythm) and it's also below the 89 sma but I got stopped out for about -20 pips. What went wrong with my entry from technical point of view? My guess is that, that previous large bullish candle is the main reason why the price went up.
I also just took EURGBP long, the price ignores the moving averages so I estabilished the trendlines, it touched the lines 4 times so I guess the pattern has completed and I decided to go long. What do you think about that?
I would appreciate your inputs a lot. Thank you!
- #30,908
- Feb 11, 2020 2:11am Feb 11, 2020 2:11am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Hi everyone please let me join this amazing thread. I've been learning this system for a few months and my trading skill has been improved a lot – thanks to Phillip Nel! But I need a little bit help from you guys (my English is not so great so please bear with me) I took AUDCAD short yesterday (marked with red vertical line), it bounced off of 21 ema (market rhythm) and it's also below the 89 sma but I got stopped out for about -20 pips. What went wrong with my entry from technical point of view? My guess is that, that previous large bullish candle...
That EG trade has too many MA and trend lines bunched up. I would wait for a decent breakout on that one.
We are all still learning
- #30,909
- Feb 11, 2020 2:16am Feb 11, 2020 2:16am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Heres a lucky trade from last night on the GA hourly chart. Price in the ranging zone 89 and 200 and just crossing the 21 to head back down to the 89 like the last swing. I put my TP in between the 89 and 365 and SL above the weekly PP. Collected +50 while i slept.
- #30,910
- Feb 11, 2020 2:28am Feb 11, 2020 2:28am
{quote} That AC trade was making a RB on the macd so heading upwards and with the coloured bars on my macd being green so i would be looking to go long here. with the MA all in the way it probably means a long is also out of the question too. It is now touching the 89 so we might get a short signal very soon. That EG trade has too many MA and trend lines bunched up. I would wait for a decent breakout on that one.
Good luck for you today, would like to see your trading results more.
- #30,916
- Feb 11, 2020 7:16pm Feb 11, 2020 7:16pm
AU Long Trade stopped out at BE +2 {image}
Meanwhile NZDUSD is up +60 pips as I write this, it was driven by the news.
- #30,918
- Feb 12, 2020 6:27am Feb 12, 2020 6:27am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
{quote} That's unfortunate you get stopped out, it seems going up again. But there's always another opportunity to get in again.
- #30,919
- Feb 12, 2020 6:28am Feb 12, 2020 6:28am
- Joined Apr 2019 | Status: Trader | 1,996 Posts
And similar on this one.
- #30,920
- Feb 12, 2020 12:32pm Feb 12, 2020 12:32pm
- Joined Apr 2019 | Status: Trader | 1,996 Posts
Got myself a new forex signals provider. 25 balls say BUY and the other 25 say SELL. SL is 30 pips and TP is 30 pips. Working well this week.
