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Attachments: The Small Turtle System (Donchian Trend +MACD)
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The Small Turtle System (Donchian Trend +MACD)

  • #361
  • Aug 30, 2022 3:40am Aug 30, 2022 3:40am
Quoting Alihelmy123
{quote} I got out with loss -0.3% in this trade 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...
I go out and it go in my direction
But i am right
Cut your losses. Cut your losses. Then maybe you have a chance
  • #362
  • Aug 30, 2022 5:31am Aug 30, 2022 5:31am
Quoting Alihelmy123
{quote} I go out and it go in my direction But i am right
Thanks for sharing your experience, t trying to be profitable. Is this a good trade, AUDNZD 4H
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  • #363
  • Edited 9:21am Aug 30, 2022 8:57am | Edited 9:21am
Quoting tienphuc2910
{quote} Thanks for sharing your experience, t trying to be profitable. Is this a good trade, AUDNZD 4H {image}
no one can predict market
focus in process not performance
every week take 5 trade there will be losses cut them quickly and let profit run
and risk low you will see market good and take good trades
i took about losses too much because that is the true trading not easy and the emotional side is very important
the trade not A+ BECAUSE THE WICK IN TWO SIDE OF ABP CANDLE AND THERE IS NEAR RESISTANCE AND IN NORMAL CANDLE THERE IS WICK AGAINST OUR TRADE
ALL OF US TAKE TRADES LIKE THIS BECAUSE NOT FOCUSING GOOD I SOMETIMES MAKE MISTAKES NO PROBLEM BUT IF YOU TAKE TRADE AND THERE IS SIGNAL TO GO OUT CUT IT QUICKLY
Cut your losses. Cut your losses. Then maybe you have a chance
  • #364
  • Aug 30, 2022 9:34am Aug 30, 2022 9:34am
LEARNING CHART
EURAUD 4 HOUR
I WAITING FOR TREND AND RESISTANCE TO BE BROKEN THEN DECIDE
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #365
  • Aug 30, 2022 9:49am Aug 30, 2022 9:49am
Good Day:

Today I went with two trades again. I will show the first one with the NZDJPY. Went short at 85.44 with the red heiken ashi, price under the yellow moving average, price moving the zero line on MACD and the price action seemed to be bouncing off the high from yesterday. My target again was the pivot from yesterday as well. The price pushed down hard for 25 pips and came back and hit my sliding SL at plus 79.00 dollars. The downside is I did not wait for the Turtle Trading Channel to turn red. I used the previous day high for my reversal line. I did not execute exactly.
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  • #366
  • Aug 30, 2022 9:56am Aug 30, 2022 9:56am
Quoting Alihelmy123
LEARNING CHART EURAUD 4 HOUR I WAITING FOR TREND AND RESISTANCE TO BE BROKEN THEN DECIDE {image} {image}
If i am wrong i will cut it quickly if the market confirm the opposite i will mange it to make big profit if market give me chance that what i can go
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #367
  • Aug 30, 2022 10:02am Aug 30, 2022 10:02am
Good day:

Here is my second trade of the day. This trade had the three indicators confirmed. Price action below the yellow moving average, below the turtle channel, red heiken ashi and MACD moving below the zero line. The weakness of this trade is I waited to long to enter. Still made some pips and the price ultimately hit my target. Unfortunately, the price hit my trailing SL before moving to the target exit price.
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  • #368
  • Aug 30, 2022 10:27am Aug 30, 2022 10:27am
Quoting mr.robert
good day: Here is my second trade of the day. This trade had the three indicators confirmed. Price action below the yellow moving average, below the turtle channel, red heiken ashi and macd moving below the zero line. The weakness of this trade is i waited to long to enter. Still made some pips and the price ultimately hit my target. Unfortunately, the price hit my trailing sl before moving to the target exit price.{image}
great
this set up was a+ i see it but i dont take it because it was moved away from entry point
this setup was ideal because 1-turtle trend broken
2- price return from daily resistance
3- cup and handle pattern broken
4- macd broken zero
5- second red candle broken the low of last candles
Cut your losses. Cut your losses. Then maybe you have a chance
  • #369
  • Aug 30, 2022 10:47am Aug 30, 2022 10:47am
great
this set up was a+ i see it but i dont take it because it was moved away from entry point
this setup was ideal because 1-turtle trend broken
2- price return from daily resistance
3- cup and handle pattern broken
4- macd broken zero
5- second red candle broken the low of last candles


Thanks for the feed back.
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  • #370
  • Aug 30, 2022 12:19pm Aug 30, 2022 12:19pm
THIS WAS GOOD BUT I DONT TAKEN IT BECAUSE I HAVE 3 OPEN POSITION IN EURAUD 4HOUR-EURJPY DAILY-EURGBP DAILY
USDCAD 4 HOUR
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #371
  • Aug 31, 2022 4:25am Aug 31, 2022 4:25am
Hi,

been reading this thread with great interest and took my first trade with this system. Took small risk since it's the first trade I take but combining with what I already knew from my trading adventures it looks promising. I am keen to see how this works out. Thank you all for the info.
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  • #372
  • Aug 31, 2022 6:38am Aug 31, 2022 6:38am
Quoting Alihelmy123
{quote} Good Are there any way to make 8 hour time frame and 12 hour time frame appear in mt4
Drag PeriodConverter script (find in script folder) into graph window and set up desired value. If you drag it into 1H time frame set up value 8.
Then open file-open offline and find H8 time in the list. Upload tpl into it.
  • #373
  • Aug 31, 2022 12:17pm Aug 31, 2022 12:17pm
this week until now i took 4 trades
gbp aud 4 hour loss -0.3% closed
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euraud 4 hour still open till now around +2%
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eurgbp daily +1.5% still open
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eurjpy daily +0.6% still open
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #374
  • Aug 31, 2022 12:24pm Aug 31, 2022 12:24pm
Still open trades
Eurjpy daily
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eurgbp daily
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euraud 4hour
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #375
  • Aug 31, 2022 12:30pm Aug 31, 2022 12:30pm
Quoting NorthmanFx
Hi, been reading this thread with great interest and took my first trade with this system. Took small risk since it's the first trade I take but combining with what I already knew from my trading adventures it looks promising. I am keen to see how this works out. Thank you all for the info. {image}
it is good but not A+ SET UP
NEXT TIME
WAIT TO BROKEN THE LOW OF LAST CANDLES MORE SAFE
Cut your losses. Cut your losses. Then maybe you have a chance
  • #376
  • Aug 31, 2022 12:41pm Aug 31, 2022 12:41pm
one of most important topics in trading is determine your objectives
someone need to achieve 50% yearly other one need 100%
and some traders put unrealastic objectives
remember when your objective high profit you will risk more
if you cant control emotion in high risk decrease your size in my opinion more than 1% is high risk
if you take 20 trades montly
risk 1% to make 2%
and your win rate around 50%
you will make 10% montly average this is very good if you can achieve this it will great
Cut your losses. Cut your losses. Then maybe you have a chance
  • #377
  • Aug 31, 2022 12:42pm Aug 31, 2022 12:42pm
do not trade without determine your objectives
Cut your losses. Cut your losses. Then maybe you have a chance
  • #378
  • Aug 31, 2022 12:51pm Aug 31, 2022 12:51pm
Quoting Alihelmy123
{quote} it is good but not A+ SET UP NEXT TIME WAIT TO BROKEN THE LOW OF LAST CANDLES MORE SAFE
Hi Ali, by break the low you mean wait for candle close?
  • #379
  • Aug 31, 2022 12:54pm Aug 31, 2022 12:54pm
Quoting lbtrader
{quote} hi ali, by break the low you mean wait for candle close?
i dont wait for close if candle not small go ahead
Cut your losses. Cut your losses. Then maybe you have a chance
  • #380
  • Aug 31, 2022 1:24pm Aug 31, 2022 1:24pm
Alihelmy,

Nice thread here and an interesting system. Been lurking for a while and look forward to trying out some starting next week. For those struggling the last couple of weeks...August is a tough time to be trading. A lot of the professional traders are on vacation, especially in Europe where a lot of the big players are working. Low volume makes the markets volatile and hard to read consistently. You should see improvement as more traders come back to the markets in September.

I'm looking forward to trying this with the top-down (in respect to TF's) approach that has been highlighted here. Entering on the lower time frames with less pip risk and then trying to exit using higher time frames for longer runs. I'll share going forward as seems appropriate.

Thanks again Alihelmy
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