We had a couple EU trade setups already this week. Between the GU, EJ, and 2 EU trades...one could have already netted 100pips this week!
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DislikedThanks, 211, your trade explanations are always most helpful. By the way, do you normally let a trade qualify with the 20 line and MACD, THEN allow it to bounce back to the 20 line and take your entry then? Obviously, a retrace to the 20 does frequently happen, I just wondered if that retrace is something you wait for prior to taking your position?
I've been away this week from trading and last week was pretty dead. Looks like my weeks should have been reversed.
You are so right. Wait and let the market...Ignored
DislikedThanks, 211, your trade explanations are always most helpful....Ignored
DislikedTook a short on the AUDUSD, I was late in, watching cable too closely, so pulled the plug at 9100 but it was a nice set up I thought. We had price going sideways for a while then a clear break, nice bear candle, pull back to the 20 then the next 4 hour candle turns negative at .9134Ignored
DislikedTwo,
Have you attempted to put together a win/loss ratio for the 4 Hour KISS?
This is quite different from 'how many pips' or 'how much money.' Those are personal and depend on account size and the size of lots one takes at entry.
I can't put an exact % on it, but it looks like no less than 70% of your entries are closed with some profit, often at your TP point.
Just wondered if you could offer something a little more exact.
Bottom line, no one trades any system for month after month without success. I heartily congratulate...Ignored
DislikedWell, I am behind 211, Scottie and fguru on the patience and mental angle so crucial to success . . . BUT you are really helping me edge in the right direction.
I think what I am trying to show myself is that the KISS rules followed pretty carefully do yield that 70-80% win rate....Ignored
DislikedWell, I am behind 211, Scottie and fguru on the patience and mental angle so crucial to success . . . BUT you are really helping me edge in the right direction.
I think what I am trying to show myself is that the KISS rules followed pretty carefully do yield that 70-80% win rate. Jump in too soon, or skip one of the 1-2-3 guides and negative things might happen. Of course, the counter in my mind to this is that those 'no quite qualified' entries can lead to bigger gains if you are not trading for a fixed number of pips. (I suppose...Ignored