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

  • #601
  • Oct 6, 2022 8:10am Oct 6, 2022 8:10am
Hello all,
I have a good setup today
--
GBPJPY H1
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Moved SL to breakeven and still running
Hope the price will continue to fall deeply
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  • #602
  • Oct 6, 2022 8:11am Oct 6, 2022 8:11am
Quoting jpntrader
{quote} Yeaaah great news man. How did you manage the 4H-1D trade specifically for the evaluation? Like "exit more aggressively when candle changes color even it's not crossing 5EMA yet" or "only execute when price is at weekly support" etc. That would be helpful since I think we ALL here are aiming for passing prop firm I am having a wild guess that at some point at your attempt, you entered right at the time market was about to explode to your direction?
I EXIT WHEN CANDLE COLOR CHANGE
I DONT KNOW WHEN THE MARKET WILL EXPLODE ALL WHAT I DO I TAKE TRADE AND CONTROL MY EMOTION IF MARKET GIVE ME CHANCE TO GET GOOD WINNER
AND WHAT HAPPEN I WAS GET SOME SMALL WINNER AND SOME SMALL LOSSES ACCORDING TO MY EXIT AFTER CANDLE COLOR CHANGE
IN THIS CASE I WAS IN SMALL PROFIT IN THURSDAY I GET 3 GOOD WINNER NOT BIG US500
AND GPBJPY AND EURUSD 4 HOUR
RISKING 1.5% IN EACH ONE EVERY TRADE WIN MORE THAN3% I CLOSED THE TRADES WHEN TARGET ACHIEVED
IF I WAIT I WAS MAKING MORE NO PROBLEM
SO THE IMPORTANT POINT HERE
IN SOME DAYS YOU WILL GET SMALL PROFIT AND SMALL LOSSES YOU WILL GET SMALL PROFIT AFTER BIG WINNERS COME YOU WILL MAKE MONEY
BIG WINNERS HAPPEN 15% TO 20% OF TIME
SMALL LOSSES 40% OF TIME
SMALL PROFIT 40% OR 45%OF TIME
Cut your losses. Cut your losses. Then maybe you have a chance
  • #603
  • Oct 6, 2022 8:11am Oct 6, 2022 8:11am
Quoting andy1946
{quote} 1- IN ANY TRADE DO YOU THINK HOW MUCH YOU WILL LOSE OR HOW MUCH YOU WILL WIN Yes, I do think. -Always Risk 1% -1R just moved stop loss breakeven -Then (example: uptrend) if the price goes in the right direction I move the SL to below the Turtle line, don't put the TP 2- TAKE TOO MORE TRADES OR FILTER THEM I selectively signal and after I have 3 open positions, I don't take any new signals. 3- DID WIN AND LOST HAVE THE SAME EFFECT ON YOUR EMOTION OR DIFFERENT EFFECT Losing less than 5% I am not affected by emotions. Losing more than 5%, I...
GREAT
Cut your losses. Cut your losses. Then maybe you have a chance
  • #604
  • Oct 6, 2022 8:46am Oct 6, 2022 8:46am
Quoting paolo7
i everybody, sorry for my not perfect english. First of all i wish to make congratulations to Ali for the great System is giving to us. You are giving me a hope to be consistent. I am trading by 3-4 years but never be consistent. I blow up a couple of accounts but i never give up and i desire every time to start from basic and learn the lesson. My problem is lack of consistency due to my greed and fear and bad money management. I am starting again from zero as a beginner even if as theory i am not.....By the way sorry for this outlet. I have a doubt...
WELCOME BRO
IF YOU WANT TO BE CONSISTENT FOCUS IN YOUR BEHAVIOUR AND EMOTIONS AND RISK CONTROL
AND PATIENCE
THE STRATEGY NO MORE THAN TOOL
ONE OF SITUATIONS I REMEBERED AND CHANGE MY MIND WHEN I WAS YOUNG T GO TO PLAY FOOTBALL WITH MY FRIENDS AND I HAVE AROUND 5 SHOES
EVERY TIME I GO TO PLAY I WILL CHOOSE THE BEST ONE ACCORDING TO WANT I NEED RUN FAST OR KICK STRONG OR DRIBBLING EVERY TIME I FOUND IT HARD TO CHOOSE WHICH CHOES IS BETTER AND EVERY TIME I GET THE WORST SELETION UNTILL I GET RID OF FOUR SHOES AND LEAVE ONE OF THEM
AND TRY TO FOCUS IN MY MIND IN EVERY SITUATION IN PLAYING AND HOW TO MANAGE THE SITUATION AND WHAT I DO WHEN I LOSS DID I STILL KICK GOOD OR DRIBBLING GOOD OUR I FOCUS IN TRY TO GET WIN ANYWAY AND EMOTIONS EFFECT ME AND I GET HASTY
THIS EFFECTS HAPPEN WHEN THERE NO MONEY IN THE FOOTBALL SO WHAT HAPPEN WHEN MONEY IN THE GAME
THERE WAS MANY STRATIEGIES THAT I WAS THINK THAT THEY WAS LOSERS WHEN I GET FOCUS IN MY BEHAVIOUR AND RISK AND EMOTIONAL CONTROL
I FOUND MOST OF THEM GOOD
I MADE experiment FROM LONG TIME IN REAL ACCOUNT USING COIN TO GIVE ME BUY AND SELL SIGNALS I DO IT IN SMALL REALL ACCOUNT
RISK 1% TO MAKE 2% I MADE 300 TRIAL
WHAT I FOUND THAT I MADE MONEY
IN FIRST 100 TRIAL WIN RATE WAS 36% SO I MADE MONEY BECAUSE PROFIT 2R
SECOND 100 TRIAL WIN RAT WAS 34% I MADE SMALL MONEY
THIRD 100 TRIAL WIN RATE WAS 41% I MADE GOOD MONEY
THIS EXPERIMENT SHOW ME THE IMPORTANCE OF RISK MANGMENT
SO IF YOU MAKE MONEY WITH RANDOM ENTRY BUT WITH GOOD RISK MANGMENT
WHY MOST OF TRADERS LOSE WITH GOOD STRATIEGIES
BECAUSE THE TRADER IS THE WEAKEST RING IN THE TRADING STRUCTURE
AND WHEN I REMEMBERED THAT I WAS THE WEAKEST RING I WORK IN MYSELF AND YOU MUST LOOK FOR YOUR THOUGHTS AND BELIEVES
Cut your losses. Cut your losses. Then maybe you have a chance
  • #605
  • Oct 6, 2022 8:50am Oct 6, 2022 8:50am
Quoting andy1946
{quote} 1- in any trade do you think how much you will lose or how much you will win yes, i do think. -always risk 1% -1r just moved stop loss breakeven -then (example: Uptrend) if the price goes in the right direction i move the sl to below the turtle line, don't put the tp 2- take too more trades or filter them i selectively signal and after i have 3 open positions, i don't take any new signals. 3- did win and lost have the same effect on your emotion or different effect losing less than 5% i am not affected by emotions. Losing more than 5%, i...
best setups when blue line crosse red and zero level of macd in the same direction of turtle trend
exit according to you
1- candle color change
2- or broken 5 ema
Cut your losses. Cut your losses. Then maybe you have a chance
  • #606
  • Oct 6, 2022 9:03am Oct 6, 2022 9:03am
Quoting andy1946
Hello all, I have a good setup today -- GBPJPY H1 {image} Moved SL to breakeven and still running Hope the price will continue to fall deeply {image}
THIS WAS GOOD
THE STRATEGY GIVE YOU THE SIGNAL
YOUR WORK IS TO TRY TO GET BIG WINNER IF THE MARKET GIVE YOU CHANCE AND DONOT MAKE YOUR MIND AFFECT YOU TO WEAK YOUR PATIENCE
YOU MUST WAIT UNTIL GET EXIT SIGNAL
IN ANOTHER SITUATION IF YOU IN LOSS SITUATION AND THE SYSTEM GIVE YOU SIGNAL TO GET OUT WITH SMALL LOSE WHEN CANDLE COLOR CHANGE
TAKE THE SMALL LOSE AND DONT TRY TO LISTEN TO YOUR MIND IT WILL RETURN
SOMETIMES IT RETURN AND SOMETIMES IT NEVER RETURN AND MAKE BIG LOSE
Cut your losses. Cut your losses. Then maybe you have a chance
  • #607
  • Oct 6, 2022 9:11am Oct 6, 2022 9:11am
WHEN YOU GET SOME WINNERS IN ROW YOUR MIND WILL MAKE YOU LIKE Alzheimer's PATIENT AND FORGET THAT YOU LOSS BEFORE SO YOU MIND TELL YOU INCREASE YOUR LOT WHEN I LISTEN TO THIS INVOICE IN MY HEAD I GET LOUGH TO IT
AND WHEN TAKE LOSES IN ROW YOUR MIND WILL MAKE YOU LIKE Alzheimer's PATIENTAND FORGET THAT YOU WIN BEFORE AND TELL YOU THAT THE MARKET FIGHT YOU AND YOU ARE IN A WAR FIGHT THE MARKET AND IF YOU FIGHT THE MARKET IT MAY BE LEAVE YOU GET BACK AND GET YOUR MONEY AND IN ANOTHER SITUATION IN FIGHTING THE MARKET IT WILL GET ALL YOUR ACCOUNT
SO THE WAR IN YOUR BRAIN NOT IN THE MARKET
FOCUS IN THIS WORD ITS GREAT NO ONE TELL YOU THIS
Cut your losses. Cut your losses. Then maybe you have a chance
  • #608
  • Oct 6, 2022 9:28am Oct 6, 2022 9:28am
Hi Ali,

Do you still use the matrix ADX indicator in your set up now? I don't see it in your chart now.
  • #609
  • Oct 6, 2022 10:23am Oct 6, 2022 10:23am
My 1 Hour Turtle system, thanks for the system and it works great for an old retired man.
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  • #610
  • Oct 6, 2022 11:36am Oct 6, 2022 11:36am
Hi, have been testing out this system for myself. There were a couple great setups this morning at 3-4 AM EST. I had eyed them out during the day but unfortunately went to sleep an hour or 2 before they played out.
EURUSD H1
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GBPUSD H1
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USDCAD H1
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NZDUSD H1
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I verified support and resistance and overall trend for all these pairs on the H4 and Daily timeframe but still missed out due to sleep. Oh well, at least it serves as a proof of concept. Hope some of y'all caught these moves.

To finish off, I am not sure of the use of the average channel in this system. Could someone enlighten me?

Thanks a lot and I look forward to continuing to progress with this beautiful system.
  • #611
  • Oct 6, 2022 1:08pm Oct 6, 2022 1:08pm
Quoting paolo7
Hi there, another doubt: Ali wrote: 5EMA TO DETERMINE EXITS WHEN APB CANDLE BROKEN IT IN OPPOSITE DIRECTION WE GO OUT Do you mean the body of the candle break the 5 EMA or just the wick? I wait the candle close to apply the rule of 5 EMA or even before the close? Thanks everybody Paolo
Again, cook your pasta the way you like it. I donīt exit on an opposite candle, just move my stop above/ below, maybe I miss a few pips, but sometimes it keeps running my way much longer.
Back-test and choose your best.
Buona seratta
  • #612
  • Oct 6, 2022 1:12pm Oct 6, 2022 1:12pm
CADCHF D1, looks like I will take the short signal.
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  • #613
  • Oct 6, 2022 1:17pm Oct 6, 2022 1:17pm
CHFZAR D1
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  • #614
  • Oct 6, 2022 1:39pm Oct 6, 2022 1:39pm
EURUSD D1
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  • #615
  • Oct 6, 2022 1:41pm Oct 6, 2022 1:41pm
ZARJPY D1
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  • #616
  • Oct 6, 2022 1:45pm Oct 6, 2022 1:45pm
Quoting cuchuflito
{quote} Again, cook your pasta the way you like it. I donīt exit on an opposite candle, just move my stop above/ below, maybe I miss a few pips, but sometimes it keeps running my way much longer. Back-test and choose your best. Buona seratta
Cook your pasta the way you like it
Great word
You can use any exit way but it must confirm this rule cut losses quickly and let winners run
Cut your losses. Cut your losses. Then maybe you have a chance
  • #617
  • Oct 6, 2022 1:47pm Oct 6, 2022 1:47pm
Quoting venture
Hi Ali, Do you still use the matrix ADX indicator in your set up now? I don't see it in your chart now.
Sometimes to compare the setups and get the best trade that give strong signal in all timeframes
Cut your losses. Cut your losses. Then maybe you have a chance
  • #618
  • Oct 6, 2022 2:04pm Oct 6, 2022 2:04pm
Three gold plays, first and third counter trend.
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  • #620
  • Oct 6, 2022 7:51pm Oct 6, 2022 7:51pm
learning chart
gbpusd daily
no one can predict
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Cut your losses. Cut your losses. Then maybe you have a chance
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