Cut your losses. Cut your losses. Then maybe you have a chance
The Small Turtle System (Donchian Trend +MACD)
I took 4 trades this week 2 losers 2 winners
2losses=-1.5%
2Winners=+4.8%
Profit=4.8-1.5=3.3%
Usdjpy 4 hour that may be last trade this week for me if it lost if it win may take another one 
2losses=-1.5%
2Winners=+4.8%
Profit=4.8-1.5=3.3%
Usdjpy 4 hour that may be last trade this week for me if it lost if it win may take another one
Cut your losses. Cut your losses. Then maybe you have a chance
I took 4 trades this week 2 losers 2 winners 2losses=-1.5% 2Winners=+4.8% Profit=4.8-1.5=3.3% Usdjpy 4 hour that may be last trade this week for me if it lost if it win may take another one{image} {image}
Because price return from weekly resistance
And there is engulfing bar in 4 hour
And price broken the range
So i do my work
And then mange trade exit is very important
Cut your losses. Cut your losses. Then maybe you have a chance
[ quote]
Hi Ali, thank you very much for your comments. Can you tell me if I need to look at a larger timeframe? Thanks very much
Hi Ali, thank you very much for your comments. Can you tell me if I need to look at a larger timeframe? Thanks very much
quote]Hi Ali, thank you very much for your comments. Can you tell me if I need to look at a larger timeframe? Thanks very much
Hi Ali, thank you very much for your comments. Can you tell me if I need to look at a larger timeframe? Thanks very much
[
Cut your losses. Cut your losses. Then maybe you have a chance
- #70
- Aug 4, 2022 7:14pm Aug 4, 2022 7:14pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} bro my focus in risk mangment and control emotions and any indicators give me good entry - good exit and allow me ride big trends and determing market conditions and this indicators made what i need i am not searching for holy grail there is losses 35% of the time the market is designed to take 1 out of 3 trades you must losse do not hear to traders tell that they make 90% win rate if they make this they may be take big losses or trading without st
@Alihelmy
You remain focus and disciplined , and you will do very well trading this market.
Know your FEAR and GREED and conquer them both, use one against the other.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} @Alihelmy You remain focus and disciplined , and you will do very well trading this market. Know your FEAR and GREED and conquer them both, use one against the other. {image} ...
This man is one of the highly experienced and qualified traders and make big effort to help new traders
We need part of your support here in this thread
Cut your losses. Cut your losses. Then maybe you have a chance
- #73
- Aug 4, 2022 7:54pm Aug 4, 2022 7:54pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #74
- Aug 4, 2022 7:56pm Aug 4, 2022 7:56pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Welcome Emmanuel
okie, I'll drop by and contribute whenever appropriate.meantime you are doing just great. so keep your engine running.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80
- Aug 5, 2022 12:00am Aug 5, 2022 12:00am
Since Ali is suggesting me to trade higher time frames... AUDNZD 4H {image} Should have entered one candle ago, but since the price is not so far away from the original entry point, I entered just now. Note that instead of using MACD, I am using TDI (Trader's Dynamic Index). Basically gives the same confirmation as MACD. TDI is a part of the "Trading Made Simple" system (Ali is also an active contributor there and this Turtle system is similar in nature). The above thread...
Will try to enter again if another setup candle appears.