Multi-MA-Labo with Price action (search for more safer realizable trade)

I have just entered into three hazardous trades on three pairs.
I have not respected the rule to wait for the retracement and also I was on a support. (I was bored). I would have paid much consequences, if not back down.
Always leave when fortunately back on entry, do not expect them to go even further, more often it will not.

Lubo

I had seen on GBP/JPY a possible break of resistance and I took the posisione long, but I mistakenly opened also the short and I just lost 19 pips.
I had also seen a possible down in another couple thinking that was EUR/USD, and I opened the short position, then I realized that it was EUR/GBP. I had taken a contrary position to that long GBP/JPY.
Fortunately this last it went well. And with EUR/GBP, I lost a litle.
But in the end by adding the two mistakes I have gained virtually zero.
The inattention does not pay.
when you trade, you should focus at most, a small mistake you pay a lot.

Lubo.

P.s. I changed the setting of the MACD to 26/39/13, always weighted closed, I think it is more reactive. I also updated the first post.

I cought an nice entry on GBP/CHF. Look that with new macd setting the entry point is real better, look on pictures below it is almost vercal.
Then I exit when price reacts on a little resistence, and macd has a flat high. 28 pips gain.

Lubo

Hi,

when you are using the new settings you are already waiting for a retracement?

I trying a bit arround with your system. Especially i compare different additional trigger methods for a better confirmation.

Regards

It depends on how the price move, in the above trade went down very quickly with all the confirmations and I haven't waited retracement.
Then I took two more entry when the movement was not so clear, setting SL and TP coz I had to go out, but it diden't took the TP for little, but took the SL.
Then today all JPY pairs have done a great reverse, this was truly a trade to be taken when they move all together, the gain is assured.
I did not take it !


After this great movement, I think it is all for today!
I will go out to drink.

Lubo

hi lupo played a bit with the system..since yesterday..
today was damn difficult..

Thanks for your post.

Today, in my opinion, there were three beautiful entry point.
I did not even take one, because I was out of the market when they occurred, this is a problem of this system, you should always be in fronte to monitor to take the best entry.

Today I only tests some that are outside of the intent of my tread. I try to be more diligent.

See you tomorrow.

Lubo

day startet fine..until i didnt follow 10pips sl...lol
so this whats happens.
wonder if i missed a news,,but there shouldent be any at this time...

Today I was almost out of the market all the time.
I only had time to take two entries that I have not closed in positive thinking to get back in time to close them with even more profit.
But in the end I was drained all the account.

I open a new account and this time I will be really more diligent.

Thanks to all.

Lubo.

P.S. Thanks lillelise, you can post your entries it might be useful.

Well,
now i'm testing a new setting.
I came back here when I am quite sure that it can be valid.
For now it seems promising.


Good luck.
Regards.

Lubo.