{quote} Tks ALI, all clear! you are great person and teacher!! Paolo
Cut your losses. Cut your losses. Then maybe you have a chance
The Small Turtle System (Donchian Trend +MACD)
The week i finished reading the behaviour gab book
This book is one of the most important books i found in trading 
i hope every trader read this it has great effect in your behaviour
Knowledge is power
This book is one of the most important books i found in trading
Knowledge is power
Cut your losses. Cut your losses. Then maybe you have a chance
The week i finished reading the behaviour gab book This book is one of the most important books i found in trading {image}i hope every trader read this it has great effect in your behaviour Knowledge is power
Tks for the advice i will gift to me soon!!
Curiosity: are you pro trader ALI? Haw many years are you trading?
Hope not to be indiscreet
Paolo
{quote} Tks for the advice i will gift to me soon!!
I am still learning i have goal and i will achieve it
But i I love to reassure you that I am consistent profit in this game more than 3 years
This game no more than mind
When i told you wait for big profit i know 90 dont do this because it is hard for them
When i told you cut losess if candle color change 90 % don't do this because emotions effect them but me lose and profit are same i love the time after lose because the reaction after the lose determine the winner from loser
90% of consistent losers do the same mistakes every time and tell them self that they dont do it again but they still do it
Because they cant control themself in emotional state and that happen because the big excepections that they put in this game and they want to get rich fast
They dont put realistic expectation that they may be lose
For me i focus to make the process steps in excellent way not in performance and not what i will do with money i will win
Cut your losses. Cut your losses. Then maybe you have a chance
- #647
- Edited Oct 11, 2022 3:46am Oct 10, 2022 6:37pm | Edited Oct 11, 2022 3:46am
Yesterday, I had a good setup.
Exit the trade when the candle changes color.
This trade gives a small win = +1R.
The first Monday of the week, the price usually moves little, so I'm happy with this profit.
--
CADJPY H1 
Exit the trade when the candle changes color.
This trade gives a small win = +1R.
The first Monday of the week, the price usually moves little, so I'm happy with this profit.
--
CADJPY H1
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{quote} No i am not pro trader I am still learning i have goal and i will achieve it But i I love to reassure you that I am consistent profit in this game more than 3 years This game no more than mind When i told you wait for big profit i know 90 dont do this because it is hard for them When i told you cut losess if candle color change 90 % don't do this because emotions effect them but me lose and profit are same i love the time after lose because the reaction after the lose determine the winner from loser 90% of consistent losers do the same mistakes...
tks ALI,
great to hear from you!
Paolo
- #650
- Oct 11, 2022 3:45am Oct 11, 2022 3:45am
Today, I had 2 setups.
Exit the trade when the candle changes color.
These 2 trades broke even = +0R.
Preserve capital and I will wait for another opportunity.
--
AUDJPY H1 
AUDUSD H1 
Exit the trade when the candle changes color.
These 2 trades broke even = +0R.
Preserve capital and I will wait for another opportunity.
--
AUDJPY H1
AUDUSD H1
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- #651
- Oct 11, 2022 7:12am Oct 11, 2022 7:12am
{quote} Hi JPNtrader, tks for you smart condivision firstly, Sorry for my ignorance but sometimes i do not understand the acronim1. (2R TP) you mean you risk 1% as ALI told us and get out at 2% profit without checking exit rule? (candle cange color) 2. FTMO stay for.....sorry about it
Just a refresh on the ALI method: If i set risk 1% and entered in the trade and my trade is going bad but the candle is not changed color, are we waiting for change color to close the bad trade or even if the color has not changed but...
Okay so let my clarify.
On post #628 I said this:
"Great man, great. Increasing the risk a bit but playing it safely (2R TP) because this time the end goal is the % target from FTMO, not the moon. Praying all the best for you!"
2R means 1:2 Risk:Reward Ratio (usually shortened to "2RR", then so many people including me shorten it again to 2R).
Ali risked 1%, and he closed the trade immediately when he reached 2%, or 2R, without waiting for exit signal.
Usually he holds the winning trade until 3R, 4R, right? But he played it safe at 2R only because he is doing an evaluation challenge for FTMO.
FTMO is a prop firm company. You pay 500 euro for a USD 100,000 account. You are challenged to grow that account for 10% within 30 days.
I don't know what FTMO stands for, though.
That's why Ali played it safe: take profit (TP) at 1:2 risk reward ratio.. Because he is trading under pressure of achieving that target.
Hope this clarified it!
{quote} Hi Paolo, oops I'm sorry for the confusion! Okay so let my clarify. On post #628 I said this: "Great man, great. Increasing the risk a bit but playing it safely (2R TP) because this time the end goal is the % target from FTMO, not the moon. Praying all the best for you!" 2R means 1:2 Risk:Reward Ratio (usually shortened to "2RR", then so many people including me shorten it again to 2R). Ali risked 1%, and he closed the trade immediately when he reached 2%, or 2R,...
Thanks a lot clear as always....i appreciate your effort to answer
This week only bad trades until now....
, maybe i am wrong may be choppy week. i am following rule 100%closed trade daily timeframe (candle change color) in lost:
All got in Monday
GBPCHF
EURCAD
EURCHF
still open..hoping better:
daily timeframe
EURUSD
GBPUSD
Bye to all
Paolo
- #658
- Oct 11, 2022 8:13pm Oct 11, 2022 8:13pm
{quote} Thanks a lot clear as always....i appreciate your effort to answer This week only bad trades until now....
Also because it's daily time frame, losing streak could feel like forever because the length of each trade.
Heck, even winning trades could feel like forever as well.
For me personally, that's why I never take daily TF trade hahaha.
If you need immediate feedback for your trade, 1H is the best time frame to trade on.
But narrow down your watchlist if you ever decide to do so.
I don't post chart screenshot anymore because I have stated that the way I do the trade, although still within this system, is different (so I don't go out of topic).
But this is the beauty of this turtle system: you get to adjust the system to your own self.
We have different characters and life circumstances to begin with.
This MACD settings, combined with heikin ashi candle, makes the signal valid in every time frame you are on.
Well, I don't know about the time frames below 1H because I don't touch them anymore.
Several variations are possible using this turtle system:
- Trading using the original style
- Trading using fixed pips (therefore fixed lot)
this certainly needs more backtest about how big the average movement of a certain pair is, on certain time frame - Trading like what Ali does for his FTMO evaluation: using original system but you don't hold the winner too long, just aim for 2R
Let's do this together, man.
- #660
- Oct 11, 2022 9:05pm Oct 11, 2022 9:05pm
Today, I had 2 setups. Exit the trade when the candle changes color. These 2 trades broke even = +0R. Preserve capital and I will wait for another opportunity. -- AUDJPY H1{image} AUDUSD H1{image}
➭ Closed 1/2 trade = +2R
➭ The remaining 1/2 trades have moved SL to breakeven and still continue to run.
-
CHFJPY H1
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