Hey, Ali! Thank you for strategy and clear explanations! I am going to try it.
Agree with all your trading rules, it comes with bitter experience.
Agree with all your trading rules, it comes with bitter experience.
The Small Turtle System (Donchian Trend +MACD)
Hey, Ali! Thank you for strategy and clear explanations! I am going to try it. Agree with all your trading rules, it comes with bitter experience.
Cut your losses. Cut your losses. Then maybe you have a chance
{quote} Thank you, Ali. Yeah I am becoming more and more comfortable with this system. A great improvement from Eelfranz's Trading Made Simple. Spending Saturday morning evaluating the week and tweaking some part of the system to suit me more, now (without straying away from the system itself).
Market is designed to make experienced traders loss 1 from 3 trades
If you take 20 trades monthly
10 losse and 10 win
But winner must be bigger we risk 1% to make 1 or 2 or 3 sometimes 4 or 5 when there is chance
Some weeks you will get 5 winners
Some weeks you will get 5 lossers
Some weeks you will get 3 winners and 2 losers it is random but in long run you will make money
I am not like others that tell new traders that they make 90% win rate there is nothing like that from 3 years i was trading system it is win rate only 40% but i was risk 1% to make 2% fixed and i make money this year around 66% there was 3 losses months and closed the year with good profit you must have the good behaviour
When get losses you will loss confidence in your system and in yourself and you will try to get more filters
the indicators the last thing i focus in and when you win 6 or 7 trades in row you maybe forget something called losses and get overconfidence your mind tell you increase the size donot listen to your mind because losses are comeI like trading near strong level and use indicator to determine entry and exit and there also losses
No one win every day no one when every week no one when every months
But there are traders when every year because if there edge win rate 50% or 60% they give time to there edge to make them money
There are traders that post that they win every day dont listen to them and dont waste your time
Cut your losses. Cut your losses. Then maybe you have a chance
One of my friends took to me that he trade four months with only 1% profit and he will never trade again i told him great he get angry and tell me what is great i told him that he is great trader because 95% of traders lost all their money in this period of time so you from the 5% that still live and if you still like that you will make money long run
Trading is a game you must still in it to make money
Most traders fight markets when loss with big size they may live three or four months only then die
And when get win streak become overconfidence and increase lot and losse because no one can control emotions when risk more
So if you have the behaviour to control your mind you will make money long run
and he will never trade again i told him great he get angry and tell me what is great i told him that he is great trader because 95% of traders lost all their money in this period of time so you from the 5% that still live and if you still like that you will make money long runTrading is a game you must still in it to make money
Most traders fight markets when loss with big size they may live three or four months only then die
And when get win streak become overconfidence and increase lot and losse because no one can control emotions when risk more
So if you have the behaviour to control your mind you will make money long run
Cut your losses. Cut your losses. Then maybe you have a chance
When market give you profit and take part of this money dont get angry
Because if you get angry he will take the money he give and your money in your account
Because if you get angry he will take the money he give and your money in your account
Cut your losses. Cut your losses. Then maybe you have a chance
I ask a question to understand the entrance rules. when the macd 2 lines cross, should the crossing take place on the ZERO line and vs the high for the buy and vs the low for the sell? or is it okay even if the macd cross occurs far from zero? {image} {image} Which of the 4 crosses is valid? or are they all valid?
like this example
if any one can determine market condition and (weekly -montly - daily) support and resistance and trend can take trade with or without direction of turtle trend
in big time frames near the strong levels
Cut your losses. Cut your losses. Then maybe you have a chance
- #354
- Aug 29, 2022 8:17am Aug 29, 2022 8:17am
Here is a screen shot of a trade I took earlier this morning. I jumped in long once the price passed through the zero line on the MACD and the price action was above the yellow moving average. I used the pivot line from yesterday as my exit marked with an X. The green line is my entry. I believe I applied the rules of entry correctly. 
- #355
- Aug 29, 2022 8:29am Aug 29, 2022 8:29am
I did two trades this morning. Here is my second trade where I shorted USDCAD at 1.30556. Again I waited for the price action to drop below the moving average, red heiken ashi, and the price carrying through the zero line on the MACD. One all three confirmed, I executed the entry. My exit target again is marked by my yellow X in my picture above the pivot from yesterday. I thought both of my trades today were very good set ups based on the rules. Eager to hear feedback. 
is this a good setup, buy AUDJPY 4H? Tks Ali, JPn {image}
i consider myself in a losing game if the market give profit that good if not i will cut losses quickly
Cut your losses. Cut your losses. Then maybe you have a chance
- #358
- Aug 29, 2022 7:28pm Aug 29, 2022 7:28pm
is this a good setup, buy AUDJPY 4H? Tks Ali, JPn {image}
AUDJPY to me looks sideways especially if you look at the weekly time frame.
But daily still shows signs of going up and on 4H, looks like it kind of breaking the resistance.
So yes the buy is still valid for me but watch out for deep pullbacks.
- #359
- Aug 29, 2022 7:46pm Aug 29, 2022 7:46pm
I did two trades this morning. Here is my second trade where I shorted USDCAD at 1.30556. Again I waited for the price action to drop below the moving average, red heiken ashi, and the price carrying through the zero line on the MACD. One all three confirmed, I executed the entry. My exit target again is marked by my yellow X in my picture above the pivot from yesterday. I thought both of my trades today were very good set ups based on the rules. Eager to hear feedback.{image}
For the second one (UCAD), I see that you're trading MACD bounce, not cross?
I assume you have a pretty good experience in trading.
I forgot on which post I mentioned this but I had a thought that I could trade mainly by looking at the price action and the EMA only (the average channel indicator also uses EMA).
I also took a counter trend on AU yesterday just by looking at how price action was doing, and did not bother about MACD cross. Only making sure that the blue line already crossing the red by the time I wanted to buy.
(Yellow vertical line is the signal candle)
The actual result was less than what I showed here as it was a bit late and I closed my trade prematurely, but you get the idea.
Telling this to show that this system is tweakable to suit your style, but that's it, I won't be posting any kinds of counter trend trade or trades that are not using the original system anymore. Want to respect the original system and don't want to overwhelm those who are still new.
Have a nice trading week, people.
GBP AUD 4 HOUR LEARNING CHART {image}
I got out when candle color change and close without any hope it will return so i cut losses quickly for me better to take five or six small losses like this better than one big loss that without stoploss and wait for loss to become -3 or -4
Some trades give me profits around +3% or +4
Maximum loss in any trade for me -1% but most of time i go out before market hit stop when i found my self wrong with -0.2%or0.5% or-0.7% so when big winners come it will remove this small losses easy and give you money
In losses case your ego try to not take loss and leave it to return dont listen to it because it will return sometimes and in one trade it will make you big losse you cant affordable
So don't listen to ego and cut losse quickly
Some traders dont want anyone know that they take lose
because their ego is high and think that lose is bad thingThis traders doesn't remain in market for long time
Any trades has 5 probabilities
1-small losse
2-big losse
3-small win
4-big win
5-breakeven
Any one remove number2 will make money in the long run
Cut your losses. Cut your losses. Then maybe you have a chance