Folks, i will share with you my results for April so far. This is not a show off, since is not empressive as hell. This is just the power of MM and RM.
That`s why is 1:3 RR is so important. Profit Trades overall (% of total) are just about 41.46%. But your account is f*cking growing. And that's all that matters! Imagine doing this day by day, where you will end, he?
Be consistent, believe in your self and you will succeed.
Folks, i will share with you my results for April so far. This is not a show off, since is not empressive as hell. This is just the power of MM and RM. That`s why is 1:3 RR is so important. Profit Trades overall (% of total) are just about 41.46%. But your account is f*cking growing. And that's all that matters! Imagine doing this day by day, where you will end, he? Be consistent, believe in your self and you will succeed. {image}
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Congratulations on this excellent results and strategy. Can you please summarise all now, and check your history, what is better RR 1:3 or to ride the wave and which pairs are the best?
Folks, on such tough days i recommend not to trade at all, especially for beginners. Everyone is get excited about trend reversals and jumps too early on the train, because of fear to miss something big. Believe me, the markets are not running away. Tomorrow will bring new opportunitys. You don`t have to trade everyday. Just a reminder.
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dear minotawr... how do you properly identify the trend reversal. because after long journey the current trend can be reverse back .as a experience person of this method how do you trade with that situation ,when you are free expect your valuable reply...
{quote} Congratulations on this excellent results and strategy. Can you please summarise all now, and check your history, what is better RR 1:3 or to ride the wave and which pairs are the best? Thank you
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Hey my friend, for me the RR 1:3 formula works best. Pairs doesn`t matter...
{quote} dear minotawr... how do you properly identify the trend reversal. because after long journey the current trend can be reverse back .as a experience person of this method how do you trade with that situation ,when you are free expect your valuable reply...
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Hey mate, don`t focus on trend reversals, focus on existing trends.
{quote} Hey mate, don`t focus on trend reversals, focus on existing trends.
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thanks my dear for your reply...yes i know you a focusing current trend. my problem was end of the current trend it will go back , then how do you trade ? are you Wait till the trend again passing ema 100 ? don.t know u can understanding my question ?
ok guys, one more chart for education. This is H4 chart of EUR/AUD:
Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements.
--> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1
--> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above
--> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2. Now i put my pending order under the green candle3, SL above
--> my pending sell order was activated on the following red candle. After two next candles my TP was hit for 1:3 RR
--> green candle 4 was formed. I put my pending sell stop order under the candle 4, SL above candle4
--> green candle 5 was formed. My pending order from candle 4 was not activated. I cancel pending order4. Now i put my pending order under the green candle5, SL above
--> my pending sell order was activated on the following red candle. After a bunch of candles my TP was finally hit for 1:3 RR
--> green candle 6 was formed ..................and so on
ok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2. Now i put my pending order under the green candle3, SL above --> my pending sell order was activated on the following red candle. After two next candles my TP was hit for 1:3 RR --> green candle 4 was formed. I put my pending sell stop order under the candle 4, SL above candle4 --> green candle 5 was formed. My pending order from candle 4 was not activated. I cancel pending order4. Now i put my pending order under the green candle5, SL above --> my pending sell order was activated on the following red candle. After a bunch of candles my TP was finally hit for 1:3 RR --> green candle 6 was formed ..................and so on Did you understand the process? {image}
ok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2....
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Everything explained perfectly. Just one question - after the sell order at candle 5 was triggered and it didn't hit tp3 you put the next pending sell order on candle 6 (compound orders) and wait till all open trades hit tp3? Just interesting how you manage the trades.
{quote} Everything explained perfectly. Just one question - after the sell order at candle 5 was triggered and it didn't hit tp3 you put the next pending sell order on candle 6 (compound orders) and wait till all open trades hit tp3? Just interesting how you manage the trades.
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Hi buddy, yes i would open another sell trade on candle 6 and wait till all open trades hit TP3
ok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement occurred (yellow line) and price under 100EMA, I`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2....
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Hi Minotawr,
Thank you for this lesson, but how about a current situation - select any one of your currencies at the last candle of your chart, please.
Secondly, could you also demonstrate the reverse trade-entries, please.
Continues success to you and everyone else. Hercs.
What is it like, you have already traded your system in the m5. For me it looks like it works, but it doesn't last long in the trade and you can practice better?
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I took something similar on EUR/USD 
