Simple Monday-Tuesday System (attached calculator) | Page 59 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple Monthly System (see attached calculator) 48 replies

Excel simple risk calculator needed 10 replies

what if every free system is attached to a trading explorer? 28 replies

If it's such a great system, why isn't there a Trade Explorer attached? 261 replies

Simple Fx Calculator 1 reply

Attachments: Simple Monday-Tuesday System (attached calculator)
Exit Attachments

Simple Monday-Tuesday System (attached calculator)

  • #1,161
  • Mar 12, 2020 11:05am Mar 12, 2020 11:05am
Quoting redfan
{quote} good luck to you I would recommend anyone thinking of starting a live accounts only tick the box which has got the smallest amounts in it, I found on one live account I only had £600 balance I was in a losing trade I was losing £35, Another trade caught my eye, I decided to go in it, But they wouldn't let me, kept on coming up saying my balance would not cover my losses even though I had stop losses on everything, Anyone thinking of trading must do it with the amount they going to put in IT, Otherwise, it's pointless using a demo accounts....
That would be margin, and has nothing to do with stop loss.

The broker's margin requirements for the instrument worked out that you didn't have enough fund in the account to cover the broker's position. It's pretty standard - on demo too - it simply depends on who the broker is and what's occurring at the time (they can vary margin requirements from day to day).
"Pips are vanity. Profit is sanity."
  • #1,162
  • Mar 12, 2020 11:47am Mar 12, 2020 11:47am
Next week, If you see anyone reporting lost trades in pips, refer them to this post



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-13 at 2.45.07 am.png Size: 243 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,163
  • Mar 12, 2020 12:07pm Mar 12, 2020 12:07pm
Here is an example of ignoring the Monday spikes, take the range of Tuesday and Wednesday

Gives an entry level, red line is 20-days low, don’t ask me what it’s doing now

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-13 at 3.02.36 am.png Size: 187 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,164
  • Mar 12, 2020 12:36pm Mar 12, 2020 12:36pm
Quoting Erebus
Next week, If you see anyone reporting lost trades in pips, refer them to this post {image}
So you use SL as %? Please one more time explain your money management. Congratulations your statistic look very good
  • #1,165
  • Mar 12, 2020 12:56pm Mar 12, 2020 12:56pm
Quoting Erebus
{quote} Did you READ THE THREAD? Ready to hit it hard guys? {image}
where do you get this currency graph?
  • #1,166
  • Mar 12, 2020 2:30pm Mar 12, 2020 2:30pm
Quoting Erebus
Here is an example of ignoring the Monday spikes, take the range of Tuesday and Wednesday Gives an entry level, red line is 20-days low, don’t ask me what it’s doing now {image}

Hello Erebus , What's your rule to enter the trade? Do you put your pending orders at high and low of Mon Tue ? or at 25% of them?
Can you explain about that?

green pips to you
  • #1,167
  • Mar 12, 2020 2:38pm Mar 12, 2020 2:38pm
Quoting dazjw2311
{quote} where do you get this currency graph?
it's here :
https://finviz.com/forex.ashx
  • #1,168
  • Mar 12, 2020 2:44pm Mar 12, 2020 2:44pm
Quoting transmat
{quote} it's here : https://finviz.com/forex.ashx
Interesting site except for the video that keeps popping up. Thanks
  • #1,169
  • Mar 12, 2020 2:55pm Mar 12, 2020 2:55pm
Quoting Spikehunter
{quote} Interesting site except for the video that keeps popping up. Thanks
I have no videos appearing on this site; I must also say that I have ... 3 ad blockers ! ;-))
  • #1,170
  • Mar 12, 2020 3:51pm Mar 12, 2020 3:51pm
Quoting transmat
{quote} I have no videos appearing on this site; I must also say that I have ... 3 ad blockers ! ;-))
It's not adverts it's some bloke talking about the market, quite irritating. I wonder if ad blockers block this as well.
  • #1,171
  • Mar 12, 2020 3:51pm Mar 12, 2020 3:51pm
Quoting transmat
{quote} I have no videos appearing on this site; I must also say that I have ... 3 ad blockers ! ;-))

I am surprised - I thought pretty much everybody is using uBlock org and ghostery.

.
  • #1,172
  • Mar 12, 2020 4:07pm Mar 12, 2020 4:07pm
Quoting Spikehunter
{quote} It's not adverts it's some bloke talking about the market, quite irritating. I wonder if ad blockers block this as well.
My ad blockers are blocking everything.
I have uBlock Origin, Privacy Badger and AdBlocker Ultimate.
But sometimes I can't see certain videos. So I have to deactivate one or two ...
  • #1,173
  • Mar 12, 2020 5:06pm Mar 12, 2020 5:06pm
Quoting Idne
{quote} So you use SL as %? Please one more time explain your money management. Congratulations your statistic look very good
I don’t understand the question, Stop Loss is 50% of the Monday Tuesday High Low range, yes, for both
long and short trades, keep it Simple

You know the Entry, you have the Stop Loss, how much you want to risk can be a fixed amount of the account or a percentage of account, do the calculation, I use an app from Play Store

Hope that helps
It takes a lot for me to IGNORE you, but you can try.
  • #1,174
  • Mar 12, 2020 5:18pm Mar 12, 2020 5:18pm
Quoting kasrafx
{quote} Hello Erebus , What's your rule to enter the trade? Do you put your pending orders at high and low of Mon Tue ? or at 25% of them? Can you explain about that? green pips to you
I have tried both, but settled on the OP setting if 15%

Now, some trades this week, I ignored the spikes price action, if the market won’t behave, I don’t have too either

Bend the guidelines to fit the situation!

I read a lot of these threads in here, Trading Systems, and see some underlying themes, most are looking back using some indicator on past price to help predict the future price. This method does that in a fashion I guess, but not an indicator, I use Fibonacci Tool to place the price levels. We know the Entry ahead of time, we know when to look for the entry, after Tuesday’s close.

Other threads are trying to pick top and bottoms, turning points, buying and selling when Price is moving against them.

Some threads, you need 1 candle, or 2 candles, 3 candles, even 4 candles; not only that, they have to be special colour?

Have a look at some them, I see most of you there, some even posting, focus here guys

This method is so simple, it will never be popular, that’s a good thing! How did I get on this rant, oh yeah, I’m on a train to the hospital and got time

It takes a lot for me to IGNORE you, but you can try.
  • #1,175
  • Mar 12, 2020 5:21pm Mar 12, 2020 5:21pm
Quoting PaulDV
{quote} No trade for me on GBPCAD. Hit the low for the week but then went long. Didn't touch short entry.
Looks like it worked out for me. It hit the tp, so based on this, the entry point depends also on brokers.
  • #1,176
  • Mar 12, 2020 5:28pm Mar 12, 2020 5:28pm
Quoting irvinboy
{quote} Looks like it worked out for me. It hit the tp, so based on this, the entry point depends also on brokers.
Agree, should have been able to squeeze a few pips from GBPCAD, both were weak so it was a battle

When he said it went long, I think he means price went up, not the signal long, Paul?

Happy Friday 13 guys



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-13 at 8.24.43 am.png Size: 179 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,177
  • Mar 12, 2020 5:56pm Mar 12, 2020 5:56pm
Quoting Erebus
{quote} Agree, should have been able to squeeze a few pips from GBPCAD, both were weak so it was a battle When he said it went long, I think he means price went up, not the signal long, Paul? Happy Friday 13 guys {image}
Yeah they were both weak, but i took the trade based on this strategy also the gap pull. Usually in the market the gap gets filled so combining those two things was a good idea.
  • #1,178
  • Mar 13, 2020 2:32am Mar 13, 2020 2:32am
Quoting Erebus
{quote} Agree, should have been able to squeeze a few pips from GBPCAD, both were weak so it was a battle When he said it went long, I think he means price went up, not the signal long, Paul? Happy Friday 13 guys {image}
Hello, can you share your fibo settings please? Thanks
  • #1,179
  • Mar 13, 2020 2:53am Mar 13, 2020 2:53am
Does anyone ever read the threads?
  • #1,180
  • Mar 13, 2020 3:08am Mar 13, 2020 3:08am
Quoting bojack34
Does anyone ever read the threads?
Not properly.
All you touch and all you see, is all your life will ever be.
1 trader viewing:
GaryBorden