Disliked{quote} I don't understand I never risk more than 1% in any trade Never take more than 5 trades in the week I risk low to avoid big drawdown If you take 20 trades monthly and win 10 and loss 10 and winners are bigger you will make money If you win 12 trades and loss 8 and winners are bigger than losses you make big money This week i open Eurjpy and closed it around 3R profit Gbpjpy and closed it around 2R profit Eurusd daily trade still in it in small profit Xauusd 4 hour still in it in aroud 1R till now I will take another trade this week if the...Ignored
The Small Turtle System (Donchian Trend +MACD)
eurgbp learning example
daily chart 
i dont know why traders do not like to trade big time frames
in big time frames you can achieve 60% win rate very easy and winner bigger than losers
donot listen to traders that tell you that they make 90% and 80% win rate
you are searching for something like this from long time and donot found strategy that give you 90% win rate
do not waste your time there is no something like this and if it available banks must print much amount of money to give winners
be realastic
This problem stems from inexperience and human psychology. Namely, a lack of experience attunes the new trader’s ear to what sounds good at first blush, rather than what actually works or makes sense
Many “too good to be true” type trading systems are thus sold on the basis of incredibly high winning percentages, or “hit rates” – often 80% or better, backtested over some carefully selected time period. Because the human psyche is naturally tilted towards loss aversion, this is the kind of thing that appeals
steven cohen mentioned that his best trader makes money only 63 percent of the time. Most traders make money only in the 50 to 55 percent range. That means you’re going to be wrong a lot. If that’s the case, you better be sure your losses are as small as they can be, and that your winners are bigger.
daily chart
in big time frames you can achieve 60% win rate very easy and winner bigger than losers
donot listen to traders that tell you that they make 90% and 80% win rate
you are searching for something like this from long time and donot found strategy that give you 90% win rate
do not waste your time there is no something like this and if it available banks must print much amount of money to give winners
be realastic
This problem stems from inexperience and human psychology. Namely, a lack of experience attunes the new trader’s ear to what sounds good at first blush, rather than what actually works or makes sense
Many “too good to be true” type trading systems are thus sold on the basis of incredibly high winning percentages, or “hit rates” – often 80% or better, backtested over some carefully selected time period. Because the human psyche is naturally tilted towards loss aversion, this is the kind of thing that appeals
steven cohen mentioned that his best trader makes money only 63 percent of the time. Most traders make money only in the 50 to 55 percent range. That means you’re going to be wrong a lot. If that’s the case, you better be sure your losses are as small as they can be, and that your winners are bigger.
Cut your losses. Cut your losses. Then maybe you have a chance
Hi! I'm very interested in your indicators, but it's a pity that I don't speak English, which annoys me. I tried to set it up, but failed. The settings shown on my kt4 seem to be different from yours. Maybe I can't speak English, so I can't set it correctly. Although I really want to have a Chinese version, I know this is a very unreasonable requirement. I really want to know how to set it up correctly. 
- #229
- Aug 16, 2022 8:46pm Aug 16, 2022 8:46pm
eurgbp learning example daily chart{image}{image}i dont know why traders do not like to trade big time frames in big time frames you can achieve 60% win rate very easy and winner bigger than losers donot listen to traders that tell you that they make 90% and 80% win rate you are searching for something like this from long time and donot found strategy that give you 90% win rate do not waste your time there is no something like this and if it available banks must print much amount of money to give winners
Wanted to reenter today and then I realized the last high on 1H is pretty much the same with the previous candle's high on daily TF.
So... I just got into my first 1D execution.
{quote} I was in this on 1H time frame yesterday, but closed the position due to bedtime (not used to bringing positions overnight yet). Wanted to reenter today and then I realized the last high on 1H is pretty much the same with the previous candle's high on daily TF. So... I just got into my first 1D execution.
If i wake up in the morning and will not sleep the next eight or nine hours may be take trade in 1 hour if market give me chance
Cut your losses. Cut your losses. Then maybe you have a chance
LEARNING EXAMPLE
EURJPY 1 HOUR 
aud usd 1hour 
this two setups was good today but i dont take them because i still have opening position and dont need to increase risk
i look in risk that i can determine only and market determine profit what you need good exit to make big profit
you must change your behavior donot think in profit think in how much you risk
by this way with time you will make consistent money
when there are many setups i think what will be may statue if them all lose
so i take only risk only i can sleep with it
EURJPY 1 HOUR
i look in risk that i can determine only and market determine profit what you need good exit to make big profit
you must change your behavior donot think in profit think in how much you risk
by this way with time you will make consistent money
when there are many setups i think what will be may statue if them all lose
so i take only risk only i can sleep with it
Cut your losses. Cut your losses. Then maybe you have a chance
- #238
- Aug 17, 2022 5:09am Aug 17, 2022 5:09am
{quote} One of the reasons make me trade high time frames is this
Entering on higher time frames on a big account is more beneficial to your daily life.
(on big accounts, the % gain you need is far less than if you have a small account)
But I'm still working on my psychology now. Not used to sleep with a position that's still on.
However I am placing a wider stop loss on that EURGBP and will try to sleep tonight with that trade still going hahaha
