Tease Me more @cpfleger | Page 97 | Forex Factory

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Tease Me more @cpfleger

  • #1,921
  • Nov 1, 2023 6:02am Nov 1, 2023 6:02am
I should have already closed the trade according to the rules, but I'm going to risk seeing if it goes up a little more.
Attached Image (click to enlarge)
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I closed with profits because I had a trailing stop, but as you can see, the rules are there for a reason.
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Saludos, K.
  • #1,922
  • Nov 1, 2023 6:04am Nov 1, 2023 6:04am
Quoting xinitial
{quote} . It looks nice, clean and simple. xinitial.
It's just cpfl's template - I even used his colours lol.
  • #1,923
  • Nov 1, 2023 6:14am Nov 1, 2023 6:14am
Quoting handy148
{quote} It's just cpfl's template - I even used his colours lol.
No wonder
  • #1,924
  • Nov 1, 2023 6:16am Nov 1, 2023 6:16am
Quoting Kraneos
I should have already closed the trade according to the rules, but I'm going to risk seeing if it goes up a little more.{image} I closed with profits because I had a trailing stop, but as you can see, the rules are there for a reason. {image}
Nice catch, Spike up your profit
xinitial.
  • #1,925
  • Nov 1, 2023 6:31am Nov 1, 2023 6:31am
waiting for a new signal and observing the candles to learn to understand them
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  • #1,926
  • Nov 1, 2023 6:49am Nov 1, 2023 6:49am
Tip
If the candle at the beginning of the operation has a very long wick and is very separated from the Trend line and SR bar, I recommend waiting.
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Saludos, K.
  • #1,927
  • Nov 1, 2023 6:54am Nov 1, 2023 6:54am
Gents,
The original concept of the SR Indicator to Ronin was to allow the possibility of extending a Retail Traders trade further and if YOU review the attached screenprint you can see the extension when the SR Line changes color to a different and lighter color as the starting trade point.
If YOU look at the Reversal Arrows painted at the top or bottom of the SR Lines which makes vertical alignment and then go downwards to the Extreme Spike Bar and see another vertical alignment.
All 3 of these System Indicators are aligned and work great a team.... 1 Hour to Daily TF allows this vertical alignment which should be used as the starting point in your trades. Once a trade is open, the next task is Managing The Trade. This is the hardest part in retail trading, the lower TF's will zigzag more and makes the Trader make more decisions and decrease the odds and probabilities, this is a factoid. We have the TF decision rights but be aware of the odds are aginst you.
cpfleger
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  • #1,928
  • Nov 1, 2023 6:56am Nov 1, 2023 6:56am
Is it a perfect entry?
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  • #1,929
  • Nov 1, 2023 7:05am Nov 1, 2023 7:05am
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  • #1,930
  • Nov 1, 2023 7:05am Nov 1, 2023 7:05am
Continued....
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  • #1,931
  • Nov 1, 2023 7:05am Nov 1, 2023 7:05am
Set and forget.
xinitial.
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  • #1,932
  • Nov 1, 2023 7:06am Nov 1, 2023 7:06am
testcoffee,
Yes but get in sooner - look at the previous candle Body and open the trade sooner...
cpfleger
  • #1,933
  • Nov 1, 2023 7:08am Nov 1, 2023 7:08am
xinitial,
Agree and guess what ?
How many losses ? Zero, the purpose of retail trading is to increase your trading odds by reducing losses.
cpfleger
  • #1,934
  • Nov 1, 2023 7:14am Nov 1, 2023 7:14am
The purpose of retail trading is to increase your trading odds by reducing losses.
cpfleger
  • #1,935
  • Nov 1, 2023 7:16am Nov 1, 2023 7:16am
Quoting cpfleger
xinitial, Agree and guess what ? How many losses ? Zero, the purpose of retail trading is to increase your trading odds by reducing losses. cpfleger
Since I switched to TF H1 and above, no one has touched SL at all.
The main problem is THINKING TO MUCH while holding position .
xinitial.
  • #1,936
  • Nov 1, 2023 7:24am Nov 1, 2023 7:24am
xinitial,
As I stated in my Trading Blueprint PDF, ADULTS are harder to teach trading than children - what !!!! - it's soooooooooo true.
cpfleger
  • #1,937
  • Nov 1, 2023 7:24am Nov 1, 2023 7:24am
Attached Image (click to enlarge)
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  • #1,938
  • Nov 1, 2023 7:26am Nov 1, 2023 7:26am
Quoting cpfleger
Gents, The original concept of the SR Indicator to Ronin was to allow the possibility of extending a Retail Traders trade further and if YOU review the attached screenprint you can see the extension when the SR Line changes color to a different and lighter color as the starting trade point. If YOU look at the Reversal Arrows painted at the top or bottom of the SR Lines which makes vertical alignment and then go downwards to the Extreme Spike Bar and see another vertical alignment. All 3 of these System Indicators are aligned and work great a team.......
This is essentially how Smart Money Concept traders operate.

They find their POI (point of interest) on Daily or H4 and then drop down to M15, M5, M1 for a better entry and smaller stop loss.
  • #1,939
  • Nov 1, 2023 7:27am Nov 1, 2023 7:27am
Gents,
If you want to continue with the SR Indicator - then you better write to Ronin as he owns this Indicator and there is no other SR Indicator out there ........
cpfleger
  • #1,940
  • Nov 1, 2023 7:29am Nov 1, 2023 7:29am
handy148,
I agree BUT we do not want to drop downwards to a lower TF, we want to stay at a TF like our old Mentor Oliver Velez would say as changing tF's screws the mind up and makes our fav 3 Indicators not align.
All TF's work BUT reduce the need to swap TF's.... stay consistent in your approach to the Market.
cpfleger
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