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.
Looking for MTF Donchian Channel MQ4 6 replies
Donchian Channel and other breakout methods 68 replies
Donchian Channel? 0 replies
Searching for a Donchian Channel Sound alert indicator 1 reply
Looking for Simple Donchian Channel EA 0 replies
Disliked{image}Oh that's why market felt so weird this week, especially when you enter on 4H. Several opportunities were there on 1H, but I didn't spot it because of day job and other things. Not the week for me, ending it with about minus 1%. BUT... that -1% came from around 5 losing streaks. Managed to cut the loss as little as possible thanks to this system. I could have lost FIVE PERCENT instead. How good is it.Ignored
DislikedHey, 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.Ignored
Disliked{quote} Great you are now applicate the first golden rule in trading cut losses quickly When you activate the second let profit run you will began make money in long run When you make losses small it will not effect you emotionsIgnored
Disliked{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).Ignored
Disliked{quote} JPNTrader i want from you to take around 4-5 trades weekly risking 1% and when market give you chance to be in right side try to get maximum profit you can get trading is a losing game and trade i take i know that i losse until market tell me that i am right 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...Ignored
DislikedI 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?Ignored
Disliked{quote} Roger that, Ali. Yeah currently I am trading the 1H but there is this possibility that life circumstances would "force" me to trade the 4H. I have also cut down on my watch list to 5 pairs only (and they are the major ones), so that certainly will help me to take less trades especially on 1H. What I like about this system is, it doesn't require you to chase perfection (during slow period, winners below 1R happen quite a lot; big winners normally doesn't eed 6-7R), but it is also able to minimize your losses (given you don't place your SL...Ignored
Disliked{quote} if you want to focus in some pairs determine market condition for all pairs in saturday and sunday and focus at the pairs trending and avoid pairs moving sideway after determine the pairs you will focus in make to them multi time frame analysis this is good way to determine good market condition to work in and remeber there will be also some losses but cut them quickly and let profits run if market give you chanceIgnored
DislikedI 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}Ignored