Sell entry, waiting for Gan alerts to place stop profit 
- #948
- Aug 13, 2024 10:33am Aug 13, 2024 10:33am
- Joined Jun 2017 | Status: Trader | 2,081 Posts
MetaTrader 4 - so many advantages.
- #949
- Aug 13, 2024 10:33am Aug 13, 2024 10:33am
- Joined Jun 2017 | Status: Trader | 2,081 Posts
MetaTrader 4 - so many advantages.
- #954
- Edited 5:49pm Aug 13, 2024 5:16pm | Edited 5:49pm
- | Joined Aug 2019 | Status: Trader | 200 Posts
Dear people,
to all new visitors to this thread, I would like to ask you a question.
Do you only read the last page of a book and then question the author about the content?
I don't think that's advisable, I would feel like I've missed something.
This thread is 48 pages long because a lot of people discussed a lot of important things.
If you really can't make money with this brilliant, easy-to-understand trading strategy, you should think about whether Forex trading is the right thing for you.
All you have to do is, follow the original instructions. It's the same as mom baking a bread and the only thing you have to do is, eating the bread.
You all should keep this valuable thread alive, going with really good contributions.
A good place to start would be to begin reading on page one.
With kind regards.
to all new visitors to this thread, I would like to ask you a question.
Do you only read the last page of a book and then question the author about the content?
I don't think that's advisable, I would feel like I've missed something.
This thread is 48 pages long because a lot of people discussed a lot of important things.
If you really can't make money with this brilliant, easy-to-understand trading strategy, you should think about whether Forex trading is the right thing for you.
All you have to do is, follow the original instructions. It's the same as mom baking a bread and the only thing you have to do is, eating the bread.
You all should keep this valuable thread alive, going with really good contributions.
A good place to start would be to begin reading on page one.
With kind regards.
Don't trade because you think you have to do something.
- #956
- Aug 13, 2024 7:22pm Aug 13, 2024 7:22pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
I've been entering trades using Fibonacci and exiting with the Guppy system, and it's been very profitable!
But with APB and RSIOMA the need to use fibo got eliminated.
After the entry, as long as the APB candle color is in your favour and RSIOMAS are not flattening, your trade is safe. This way it is possible to remain in the trend for long time. If the APB show consolidation or the candle size becomes smaller or the RSIOMAS start flatteninng,(this will usually happen simaltaneously),and it means that the trend is loosing its strength, it is time to either book profit or shift SL to low / high of the previous candle.
- #957
- Aug 13, 2024 7:31pm Aug 13, 2024 7:31pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hi Eddy Is it your believe then, that the entry recommended by the Guppy system does not work??
What i recommend is to compare entries with whatever system you were/are following with guppy entries. You might find guppy entries are earlier and more reliable.
- #958
- Aug 13, 2024 7:37pm Aug 13, 2024 7:37pm
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} What time frame do you trade on? And how are you approaching it? A friendly piece of advice: try trading on H1 or H4. Shorter time frames can make it challenging to achieve consistent profits. Use pending orders and proper risk management. Control your emotions—if you lose what you were prepared to lose in a day, close your computer and come back tomorrow. Not trading is also part of the strategy.
Also start with demo account or smaller trades till you get used to reading the charts in real time. Just wait color of all indicators to agree. Wait for the close of candle.
I think this system is very simple, just follow the colors.
My advice for those who just joined and tried this system, you should keep trying until you really know how this system works, without IF, BUT and HOW ABOUT.
You will smile to yourself when you realize how easy this system is.
Remember, do not add and do not reduce even 1 indicator in this system.
If a system does not work, do not blame the system first, but check yourself again. The system did not make a mistake, you made the decision to buy/sell and close.
Until today I use this system, I only change the colour, because my eyes can't stand bright colours.
Good Luck.
My advice for those who just joined and tried this system, you should keep trying until you really know how this system works, without IF, BUT and HOW ABOUT.
You will smile to yourself when you realize how easy this system is.
Remember, do not add and do not reduce even 1 indicator in this system.
If a system does not work, do not blame the system first, but check yourself again. The system did not make a mistake, you made the decision to buy/sell and close.
Until today I use this system, I only change the colour, because my eyes can't stand bright colours.
Good Luck
.