DislikedCan someone tell me how are calculated the 2 param of turtle channel 20 and 10? I means the system check 20 candle back which HA candle is the highest and keep drawing blue support line? I am getting confused. Can you how are drawn the two lines and when there the switch? Thanks. Have a nice we PaoloIgnored
The Small Turtle System (Donchian Trend +MACD)
Mine here it just an outlet:
it is frustrating sometimes see your trade open with positive P&L, happyit is runnig for big earn and following ALI's system.
A voice from inside at that moment tell me to bring home the earn but as school of self control and to stay consistent with the strategy of ALI i wait to get out not just before the color of APB candle change.
The day after all the happyness has gone because i had to close the two trades (change color of APB) the day before i was tempted to close in positive territory, but now in lost.
What i mean is Do you wait straight as ALI teached us the change of color or use a different exit?
I know that if you break the rule of exit you do not have a milestone in all the trade but may be there something different for the exit.
It may be i get frustrated because i am not still consistent and when i saw a lost or a win i am susceptible.
Here two examples where i was in posititve but later i closed because lost the trade. (green line my entry, red line my exit)
Thanks everybody
Paolo
it is frustrating sometimes see your trade open with positive P&L, happyit is runnig for big earn and following ALI's system.
A voice from inside at that moment tell me to bring home the earn but as school of self control and to stay consistent with the strategy of ALI i wait to get out not just before the color of APB candle change.
The day after all the happyness has gone because i had to close the two trades (change color of APB) the day before i was tempted to close in positive territory, but now in lost.
What i mean is Do you wait straight as ALI teached us the change of color or use a different exit?
I know that if you break the rule of exit you do not have a milestone in all the trade but may be there something different for the exit.
It may be i get frustrated because i am not still consistent and when i saw a lost or a win i am susceptible.
Here two examples where i was in posititve but later i closed because lost the trade. (green line my entry, red line my exit)
Thanks everybody
Paolo
- #854
- Edited Nov 11, 2022 10:08am Nov 10, 2022 2:54pm | Edited Nov 11, 2022 10:08am
{quote} Tks lynnc, Ali on a while of winning trade do you wait ALWAYS the change of color? Lynnc if you are in the middle of a wiining trade but before 2%R you get out or wait? If someone else like JPNTrader or somebody wants to shere his thought i will be glad of it. Tks a lot p.
The third thing you should look out for is what JPN does, look at the real candle when you place your trade.
Check the NZDUSD, the cross happened on the first grey circle, which was red channel, so if you wait for the blue your trade should have been on the second grey circle, but instead you took it on the first yellow and exited on the second yellow. Notice the entry and exit real bars? one is bull and the other is bear (where was your entry? the top of the bar? where was your SL?) for my broker all the HA candles are still blue not red. I did not analyze the USDNOK because it's a mirror image of the NU.
Traded 2 setups this week, (+.62R, +1R)
While ending the week profitable, I still got alot of work to do. I missed lots of setups on the H4 chart. Like others have said, the strategy can only work if you execute all the setups that it gives. This will be my focus from now on.
AUDJPY (H1) +.62R - closed due to candle closing above 5EMA
CADJPY (H4) +1R - This one hurts, close due to price being near support, would be up 4R if i had respected the rules of the system.
While ending the week profitable, I still got alot of work to do. I missed lots of setups on the H4 chart. Like others have said, the strategy can only work if you execute all the setups that it gives. This will be my focus from now on.
AUDJPY (H1) +.62R - closed due to candle closing above 5EMA
CADJPY (H4) +1R - This one hurts, close due to price being near support, would be up 4R if i had respected the rules of the system.
- #857
- Nov 14, 2022 12:43am Nov 14, 2022 12:43am
{quote} Hi Paolo, I am no where close to JPN or Ali, but I can try. The reason is you took the crosses either very high or very low, not the A+ setups that would favor a winning trade (even that is not a guarantee, but still...), another fact is that although you took your trades with the channel color (sell on red and buy on blue) but check the overall trend. the USDNOK has been in an uptrend, so it would be prudent to take a long position, and if you short it then take a quick profit. the same goes for NZDUSD, it's been in an overall downtrend,...
great considerations your a news learning lesson for me. I need more patience and analysis on what Ali calls " Market condition".
Hope to make a good week.
At this time i have to trade open, let's see at the end of the week.
Thanks again Ibtrader
- #858
- Nov 14, 2022 12:50am Nov 14, 2022 12:50am
How are you doing people? I am in a minus once again for this week, this time is -4%, and it's caused by my own stupid mistake, haha. There is this one trade, done in a coffee shop right after office hour on a mind-demanding day, that made me enter wrong position. The thing is I was too fatigued that the moment I realized I entered too much lot, was when I got a notification that my SL was hit. Ahaha. Another trade managed to go to TP but I decided I would take a break for the week, and accept that minus. If this work condition still continues,...
thanks for sharing,
for me was +1.5%. It may be lucky because all trade were open from monday and at that time i was BE, Thursday on CPI news all reverted t my favour...Thats why i say lucky
.I need to become consistent by myself, off the market news....working and studying on that...
Jpntrader can you share your exit system? I forgot your and lazy to go back reading old thread?
I rememember you used also 5EMA to filter bad exit on the loss but i forgot if you follow at letter ALI system on win (when APB change color or not) or cut loss before.
Tks for sharing
PAolo
