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

  • #481
  • Sep 15, 2022 10:16am Sep 15, 2022 10:16am
One trade for me this week. I am holding on the eurchf. Still waiting to see how the 4H candle closes. Up about 98 pips from entry. We will see how it ends.
  • #482
  • Edited 1:38pm Sep 15, 2022 12:48pm | Edited 1:38pm
Here is a small list of Hour pairs
not correlated/low spread
5 altogether, to avoid going crazy.

Hour chart has advantages and disadvantages:
-Not too fast.
-You can avoid the news and swap.
-No weekend spread.
-More opportunity, which if the edge is real makes more cash.
-More opportunity, more practice.
-Less time exposed to Black Swans.
DISADVANTAGES:
-You become a bit of a slave of your PC, (which may be better than being a slave of your Boss.)
Attached Image (click to enlarge)
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  • #483
  • Sep 15, 2022 5:45pm Sep 15, 2022 5:45pm
Quoting cuchuflito
Quoting jpntrader
{quote} Will evaluate myself : AN, NU, AU, EU, EG, GU, UJ, UF High JPN I am testing the 1 H chart. I checked the correlation of the pairs you listed. Some are way too correlated on the H chart: AUDUSD/NZDUSD 99% EURUSD/USDCHF -98% etc.. Meaning if you get a signal on correlated pairs, you would be trading double the risk. I will make myself a less correlated list (for the H chart), on the weekend, also including pairs with a small spread. Show it to u guys when I am done. Correlation changes also depending on the TF. The
...
Hi man, yes I am very well aware with that.
Here is how I handle that.

EU and GU are on my watchlist.

First, even though they have a positive correlation, one will move earlier or move farther than the other.
Let's say I have the same sell signal for EU and GU.
I usually check EURGBP; if it's bullish, then we know pound is weaker than euro and weaker than usd as well. It's weak overall.
This way, GU will drop lower than EU. So I'll just go with selling GU.
That simple.

Or, I would just practice basket trading; divide the risk between those two pairs.
  • #484
  • Sep 15, 2022 11:48pm Sep 15, 2022 11:48pm
By no means do I want to put higher TF down.
People like Alihelmy, produce 15 to 20 % monthly. And probably with less work How can you criticize that?
It depends a lot on trading style, time schedules, etc.
My broker has some brutal weekend spread spikes, so that already is a big hurdle for me.
EURGBP 14 PIPS
EURAUD:17 PIPS
GBPAUD: 28 PIPS
USDCAD: 11 PIPS
USDCHF:13 PIPS
And that was 10 minutes after the Sunday night open. They will wipe out any "tight" stops right away , thatīs "Bucket Shop Broker " business.
  • #485
  • Sep 16, 2022 12:37am Sep 16, 2022 12:37am
Hey Guys,

Love the System and how kind everyone is in here!
Hope to also come in here from time to time to share trades!

The System looks beautiful as well!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 2022.09.16 10.35.57 (Manual).png Size: 18 KB
  • #486
  • Sep 16, 2022 3:00am Sep 16, 2022 3:00am
Quoting FundedCoffee
Hey Guys, Love the System and how kind everyone is in here! Hope to also come in here from time to time to share trades! The System looks beautiful as well! {image}
Your chart looks beautiful as well.

Welcome, sir/mam.
This system is indeed beautiful, it gives you the peace of mind while having a good win rate although the RR is not absurdly high.
we have more and more people coming here and giving great advices, while Ali (the OP) keeps giving to-the-point psychological tips.
Let's learn together and be better together.
  • #487
  • Sep 16, 2022 3:07am Sep 16, 2022 3:07am
This week was better than the last one.
I was having a very very busy Monday and Wednesday that I did not trade on those days.
Traded on Tuesday, Thursday, and Friday with a total of 5 trades: 4 wins and 1 loss (loss with slippage because I didn't realize it was CPI day!!)
But in total, I gained 6% this week.

Next week is going to be very busy with day job with field works... Either I don't trade or trade 4H or daily candle, but we'll see.

Have a relaxing weekend, people.
  • #488
  • Sep 16, 2022 3:59am Sep 16, 2022 3:59am
Quoting jpntrader
This week was better than the last one. I was having a very very busy Monday and Wednesday that I did not trade on those days. Traded on Tuesday, Thursday, and Friday with a total of 5 trades: 4 wins and 1 loss (loss with slippage because I didn't realize it was CPI day!!) But in total, I gained 6% this week. Next week is going to be very busy with day job with field works... Either I don't trade or trade 4H or daily candle, but we'll see. Have a relaxing weekend, people.
Thats awesome!

6% a week and you are shooting to be a millionair in soon future!

Of course there also going to be negative weeks though.

Maybe we could start sharing setups when they occure and help each other that way. (just a suggestion)
I will certainly try to do that when I catch setups.

Wish you all a great weekend and happy trading next week.

Cheers
  • #489
  • Sep 16, 2022 8:31am Sep 16, 2022 8:31am
Quoting FundedCoffee
{quote} Thats awesome! 6% a week and you are shooting to be a millionair in soon future! Of course there also going to be negative weeks though. Maybe we could start sharing setups when they occure and help each other that way. (just a suggestion) I will certainly try to do that when I catch setups. Wish you all a great weekend and happy trading next week. Cheers
I concur with the idea of posting accurate A+ setups and it seems a laudable development. Thank you for the apt initiative.
  • #490
  • Sep 16, 2022 11:23am Sep 16, 2022 11:23am
Quoting FundedCoffee
{quote} Thats awesome! 6% a week and you are shooting to be a millionair in soon future! Of course there also going to be negative weeks though. Maybe we could start sharing setups when they occure and help each other that way. (just a suggestion) I will certainly try to do that when I catch setups. Wish you all a great weekend and happy trading next week. Cheers
I agree.
  • #491
  • Sep 16, 2022 11:52am Sep 16, 2022 11:52am
I agree too, provided we donīt feel responsible for the outcome.
The 5 H pairs I follow had nothing to qualify as A+.
Yes, happy weekend.
  • #492
  • Sep 16, 2022 3:56pm Sep 16, 2022 3:56pm
Quoting cuchuflito
I agree too, provided we donīt feel responsible for the outcome. The 5 H pairs I follow had nothing to qualify as A+. Yes, happy weekend.
That's correct, no one is responsible for the outcome.
  • #493
  • Sep 18, 2022 10:38am Sep 18, 2022 10:38am
Not for the shaking hands, but last Friday, if you look at :
5M

EURGBP
USDCAD

There were plenty of winners
What makes it difficult, is to read the chart properly and click the trigger, fast enough. And yes spread, I have 2 brokers, one is OANDA, and their spread is no good.
Practice practice.
  • #494
  • Sep 18, 2022 10:49am Sep 18, 2022 10:49am
Just because it's the weekend does not mean you cannot trade
Some very nice opportunities present themselves all the time.
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  • #495
  • Sep 18, 2022 10:53am Sep 18, 2022 10:53am
Quoting cuchuflito
Not for the shaking hands, but last Friday, if you look at : 5M EURGBP USDCAD There were plenty of winners What makes it difficult, is to read the chart properly and click the trigger, fast enough. And yes spread, I have 2 brokers, one is OANDA, and their spread is no good. Practice practice.
Then why make your life more difficult than it needs to be?

Just trade the 1H-Weekly Timeframe as suggested and make your money with much less stress?

Dont know why People are so focused on lower timeframes.

More opportunities doesnt equal more money. Most of the times it's exactly the opposite.

Of course that's just my Opinion.

Cheers!
Dont be upset with the result you didnt get from the work you didnt do
  • #496
  • Sep 18, 2022 2:03pm Sep 18, 2022 2:03pm
true. the lowest TF is for me 1H. i never trade lower. Its not because i have no time. Just less stressful and if you have an system that works(and Ali's system works) you will anyway make profit/money. Patience + Good entry and exit.
  • #497
  • Sep 18, 2022 5:28pm Sep 18, 2022 5:28pm
Quoting Alihelmy123
{quote} take care GBPUSD near weekly support{image}
Really happy to join you and learn in this thread, I like your strategy because i have to work 9-5.
As a newbie, I just wanna ask about how you use trend lines. Do you put them only on weekly amd Daily ? And how do you use Price action with this strategy ? Can you suggest some books or thread where we can learn more about trendlines and price action? Thank you very much

Sorry for my bad english though.
  • #498
  • Sep 18, 2022 10:49pm Sep 18, 2022 10:49pm
target hit this morning
Attached Image (click to enlarge)
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  • #499
  • Sep 19, 2022 2:22am Sep 19, 2022 2:22am
Quoting cuchuflito
Not for the shaking hands, but last Friday, if you look at : 5M EURGBP USDCAD There were plenty of winners What makes it difficult, is to read the chart properly and click the trigger, fast enough. And yes spread, I have 2 brokers, one is OANDA, and their spread is no good. Practice practice.
I trade the 5M and 15M also for scalping between 5-20 pips, but not on this system, there are more reliable trigger and exit strategies for such lower TF, and they are not so stressful.
  • #500
  • Sep 19, 2022 2:35am Sep 19, 2022 2:35am
Hi
could somebody share this :
Donchian channel 20 you may found it in the name of turtle trend
post 19

thanks
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