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Trading 101

  • #581
  • Nov 24, 2021 9:11am Nov 24, 2021 9:11am
Quoting hasib
EU, this will hit SL again. {image}
One trade is stop out another one is running, I will not close Let it hit stop or TP.
MA provides the market's current direction and strength.
  • #582
  • Nov 24, 2021 9:17am Nov 24, 2021 9:17am
GU all sell are in BE
It all about PA and RR don't take less than 1 to 2 RR.
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MA provides the market's current direction and strength.
  • #583
  • Nov 24, 2021 9:20am Nov 24, 2021 9:20am
Quoting hasib
GU all sell are in BE It all about PA and RR don't take less than 1 to 2 RR. {image}
GU 2 trade hit tp 20 pips 20 pips Stop was 10 pips.
Another one is running target is 80 pips Stop are in BE.

If you close your trade less than 1 to 2 RR it will develop a bad habit.
If your majority of trade don't give 1 to 2 RR you should look for better entry.
MA provides the market's current direction and strength.
  • #584
  • Nov 24, 2021 9:31am Nov 24, 2021 9:31am
This is the advantage of not closing trade early, one hit stop another is now moving down.
expecting it will hit tp, it could hit sl
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MA provides the market's current direction and strength.
  • #585
  • Nov 24, 2021 9:47am Nov 24, 2021 9:47am
EU
just for entertainment purpose
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MA provides the market's current direction and strength.
  • #586
  • Nov 24, 2021 11:12am Nov 24, 2021 11:12am
Quoting pips29
Giedrius, how is it going?
Hi pips,
I still can't turn my head around fully about BBMA trading. How to choose good spot for reentry. I took this on 1 ht watching also 15min. did I do alright or miles beside?.
I still have to watch video and to read more
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  • #587
  • Nov 24, 2021 11:38am Nov 24, 2021 11:38am
Quoting Giedrius
{quote} Hi pips, I still can't turn my head around fully about BBMA trading. How to choose good spot for reentry. I took this on 1 ht watching also 15min. did I do alright or miles beside?. I still have to watch video and to read more {image}
If you are watching only H1 then it's a correct entry but if you are watching htf then you are late..there's an earlier entry on H4
the cautious seldom err....C
  • #588
  • Nov 24, 2021 12:54pm Nov 24, 2021 12:54pm
EU, There is still lots of room to move down in weekly chart.

If you can trade 2 currency pair, You don't need to trade Stock index, gold, Crypto, other instrument.
Just become good at 2 currency pair, If it is major pair it will help you a lot.

You don't need indicators at all, Indicators is not system it can't be a system.
Your MM, RM, Exit and entry all together is system.

I can teach many indicator and discuss about many indicator here I know some of the idiot will buy those things and lose money.
Forget all those crap, Use clean chart observe, observe, You will improve your trading as your gain more and more experience with your chosen market.

Your first target will be win 20% of your trade with 1 to 2 RR. Once you get it consistently than you will target littler more.
There is no bad entry there is only Bad exit and Bad risk management.
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MA provides the market's current direction and strength.
  • #589
  • Nov 25, 2021 3:58am Nov 25, 2021 3:58am
my EU trade from yesterday,,taken 1/2 out and locked in at b/e
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the cautious seldom err....C
  • #590
  • Nov 25, 2021 7:48am Nov 25, 2021 7:48am
I think today eu will come 12 level, I have sell running
MA provides the market's current direction and strength.
  • #591
  • Nov 25, 2021 8:44am Nov 25, 2021 8:44am
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MA provides the market's current direction and strength.
  • #592
  • Nov 25, 2021 8:48am Nov 25, 2021 8:48am
Look at this man, He talks a lot, this week lost 30% again.

He challenge me to do trading competitions with him.

I don't hate him, But I don't like people who support other without any proper evidence. This man trade pivot, I have warned people not to trade pivot, Pivot don't have any specialty to make you profitable trader.

Some people say pivot has 70% or more win rate. some people say is only tools that can predict future, some people say pivot is a leading indicator and so on. I have nothing to say about them. Just see live results here
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MA provides the market's current direction and strength.
  • #593
  • Nov 25, 2021 9:04am Nov 25, 2021 9:04am
Quoting hasib
Look at this man, He talks a lot, this week lost 30% again. He challenge me to do trading competitions with him. I don't hate him, But I don't like people who support other without any proper evidence. This man trade pivot, I have warned people not to trade pivot, Pivot don't have any specialty to make you profitable trader. Some people say pivot has 70% or more win rate. some people say is only tools that can predict future, some people say pivot is a...
Look at this trading performance he is losing more and more in EC, UJ.
I think he should stop trading those pair but I don't know he has the brain to follow my simple advice or not.

I advice him just trade 2 major pair, Lower your expectations. make your risk management and trade management emotions free.

Use stop, and don't touch your trade until stop and tp hit. I hope he will learn from me, if He fail to learn you can learn from this advice.
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MA provides the market's current direction and strength.
  • #594
  • Nov 25, 2021 9:13am Nov 25, 2021 9:13am
I have this trade at b/e, is my target to ambitious guys?
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  • #595
  • Nov 25, 2021 9:18am Nov 25, 2021 9:18am
If you too much care about your win rate and each and every trade you open your not going to make it. Trust me on that.
Just let your trade hit stop or if your lucky it will hit tp.

There is no bad entry you can enter anywhere in the market, There is only bad risk management and bad trade management.

Trading success don't depends on TA, FA, it depends on your management skills.

EU sell, I will let the market hit sl or tp. either way I am ok with that.
MA provides the market's current direction and strength.
  • #596
  • Nov 25, 2021 9:19am Nov 25, 2021 9:19am
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MA provides the market's current direction and strength.
  • #597
  • Nov 25, 2021 9:43am Nov 25, 2021 9:43am
I agree with him one point, 99% of trading knowledge is garbage

more and more indicator you add to your chart more and more anxiety will increase.
enjoy the video.
Inserted Video
MA provides the market's current direction and strength.
  • #598
  • Nov 25, 2021 10:03am Nov 25, 2021 10:03am
Quoting jk.kapital
My system: Chart TF: 15m Indicator 1: Half-trend (15m) Indicator 2: TDI MTF (30m) Entry: when both indi1 and indi2 agree together {image}
Hi
Is it possible to upload "Indicator 2: TDI MTF (30m)"? Thanks
  • #599
  • Nov 25, 2021 1:15pm Nov 25, 2021 1:15pm
Attached Image
MA provides the market's current direction and strength.
  • #600
  • Nov 25, 2021 6:18pm Nov 25, 2021 6:18pm
what a move , took profit and off to bed
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the cautious seldom err....C
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