Draw 'n Trade (DnT)

Well...first of all its nice that u share ur sincere opinions here.Martingale is called as a kind of stupidity all over internet.It is told to be working in theory but never in practice..And the reason of the owners of these comments is :

"You need unbelievable amounts of deposits in order to apply martingale in ur account"

Well...there is a famous proverb : Its not power as long as it is not under control !!

Martingale is just like that , if you do not know how to control it , then it will be like a crazy horse which runs just at the edge of the cliffs , maybe sometimes falls off from the cliffs.You have to know how to control that amazing power ! Like spidermans grandfather said : "Great power brings great responsibility!"

I dont agree with those when they say that u need unbelievable amounts of deposits in order to apply martingale in ur account.Just take a pencil and a paper and calculate like i did in the post about the money menagement.I made that plan and decided that i need minimum 2135 dollars ! And it is prepared assuming evven the worst situations..ready for 7-times failures ! But i nevere even reached the 6th or 7th step ..So the key is detecting logical martingale regions.And i think i already proved its validity in tthe trade explorer on the top of the page.That account is 40 days old , and the profit is regularly increasig although i close most of the orders manually before they reach the target...This is my personal biggest problem : lack of discipline !!

I dont think that there is one abbsolute "truth"...it changes in accordance to the time , place , observer...And your money menagement rules seem to be quite logical too, but not good for my personality.And i am sure if i used ur money menagement rules i wud blow up thhe account in the first 2-3 days , because it wud not fit my personality and i wud not obey the rules and it wud turn out to be a random sequence of unplanned positions So here wat i want to say is : Money menagement rules shud be designed by the person who will use them himself.The rules shud fit his way of life and they shud be improved and detailled by experiences...Aand as i see yyou are on that process...and improving it as time passes.so i am happy for you !

I also did the same things in the beginnings , tried to use other peoples profitable systems , but failed all the time , because it was not something i learned/created/developed ...it was something i borrowed , and i failed all the time.After many failures and loss , i just deccided to make my own style , and now i can earn ! Even with martingale which is scary to most of the traders..

To sum up :
* Martingale is like a crazy horse and u need to learn how to control it.It never forgives , or tolerates...it kills or serves you if u can handle him ! For sure its very difficult !

* The strategy including the money menagement rules shud be developed by the user , and they shud fit his personality , and they shud be improved with the experience , not the opinions of other people !

* I blew up many accounts until i decided to do it myself , things changed and seem to be very simple now.But in the past they appeared to be the most scary things on this planet..

Regards..

yap. nothing is absolute !!

I open demo acc now.
let me try this forex
sell 1 lot eurjpy 110.51 , sl 111.10
buy gold 1654.60 sl 1645.80


cheers

Simple parallel lines placed on the main fractals can give us an accurate map on the pairs...The pictures below are taken from the daily XAUUSD (GOLD) chart and EURUSD daily chart and NZDUSD daily chart...isnt it amazing how the market moves in measurement and harmony ?

The price has broken a resistence level , and now sitting on it and enjoying the safety and the feeling of security...That old resistence is now used as a support....so we can assume it to be a kind of beginning of a possible bullish or bearish trend...

CHFJPY BUY :91,51 SL : 90,74 TP : 150 pips (0,16)
SELL STOP :90,74 SL : 91,58 TP : 150-200 pips (0,32)

First of all I have to say that it is a high risk and long term position.But the fruits of this long term will be really effective on our accounts...

SELL (0,16) :1,8141 SL : 1,8283 TP : 1,7335
BUY STOP (0,32) : 1,8283 SL : 1,8012 TP : 1,8950

1653-1628 was a decision zone for me...so i placed four BUY orders in that zone...targeting 1693...By the way paralell lines work amazing !!

* Three-Tap has given a big BUY signal
* The channel has been very dominant on the price for a long time.And finally the price reached the bottom of the channel ...and a bounce is expected...
* A pinbar has been completed in Daily chart
* There is a bullish MACD divergence in H4 charts

This week was really annoying about EURUSD and GBPUSD which both can be accepted as consolidating in daly charts...and this consolidation needs to end up in an explosive trend...but the question remains still : which way? And GOLD was the profit tree in this annoying week...it made a daily pinbar at the bottom of the ascending channel which is the beginning of the uptrend targeting 1980s in 6-7 months...but ofcourse it will be better for me to target small amounts and enter at every bullish chance...

I somehow made some pips between the support and resistence zones in H4 timeframe , but the spread thing was also another disadvantage which was something about the broker company.I was a few times stopped just because of the dynamic spread , but in overall made good pips...

This week i tried to improve myself about the discipline and improved myself a little (I think) and here is the prfit graph...

Regards...

If u add a few trendlines on the chart...then u will notice the map of the pair...moving in an ascending channel...and now the price in a decision zone between 3260-3315...this sone will help us a lot about the direction of the pair either to 3500s or 3120s .For now it will be logical to SELL thie pair with a SL at 3315...God bless u all

I ll add two charts which are analyzed with the picthforks and the equidistant channels ..One of them is CADJPY a few months ago and targeting 83s with a timing in mid-april....the green elipse in the second picture is the energy point (the green triengle in the first picture) which had a magnetic field and attracted the price towards itself...and although the timing was wrong with 10-15 days..the target was true !

The price movements can be predicted by means of geometric measurements...nothing is coincidence !!

It might be a good opportunity to SELL both NZDJPY and CADJPY now...because it retraced back to the resistence line and is now expecting a bear attack

Pending BUY orders shud be located right above the danger zone (yellow)..

Both NZDJPY and CADJPY made me crazy all day staying at the same place.And finally i took only +44 pips from AUDJPY which seems to have lots of way to go...but i didnt want to go to bed without any profits...

JPY pairs might be the surprise pairs of this week...it shud be re-noticed that this week is the end of the month , and Japanese Unemployement data will be released on thursday...this means that we shud be expecting a big movement in JPY pairs.Thats why i ll be focusing mostly on JPY until the end of the week.

EURUSD is also another option , but the positive gossips in the market keep holdisng this pair quite above the place where it shud be.maybe there is a secret hand pushing it upwards....I really dont know.But we can join the trend as long as it goes either way So now we will be following the bulls targeting 3450-3500s , and it will be really essential to join the bears in case 3260 is broken....but for sure we will have a big movement at the end of this week/month !!!

AUDUSD is another pair which i focus on at the moment...ı already made a BUY order in that pair which is in the support zone...may bounce up ! Or may break down the support zone and continue its bearish journey ...I have already placed my pending SELL orders....

Time will show !!!

As Shakespeare said :

All the world's a stage,
And all the men and women merely players:
They have their exits and their entrances;

The price have been waiting right under the support level...in case its broken then the price will start its journey towards 3460s...and it will be logical to place a pending SELL order at those levels...

EURUSD , EURJPY , CHFJPY are the three pairs which have the potential to bounce up to higher levels...approximately 100-150 pips shud be in target !

Pending SELL orders shud be placed right below the yellow zone in case of a breakout targeting 100-150 pips again....

I just closed all the BUY orders in JPY pairs with a pip gain at the avarage of +50s...So now some of the JPY pairs have reached the resistence levels and its a good opportunity to SELL those pairs with a SL right above the resistence...and ofcourse pending BUY orders too...

Below there are two JPY pairs which exactly fit the situation i told above : GBPJPY and CHFJPY

GBPJPY SELL : 132,99 SL : 133,88 TP : 200 pips (0,01)
Pending BUY : 133,88 SL : 132,96 TP : 200 pips (0,02)

CHFJPY SELL : 92,10 SL : 92,64 TP : 200 pips (0,01)
Pending BUY : 92,64 SL : 91,82 TP : 200 pips (0,02)

And also there is a good opportunity to SELL EURUSD which has been inside the resistence zone waiting for the bearish attack...in case it breaks up this resistence then it can be easily predicted that the pair will move up to 3520s...

EURUSD SELL : 1,3367 SL : 1,3413 TP : 1,3080 (0,01)
Pending BUY : 1,3413 SL : 1,3354 TP : 1,3520 (0,02)

I closed all of the orders...and the result of the day is : +626 pips

EURUSD and EURJPY seem to have lots of way downside...but it is the best to take the profit and enjoy the rest of the day with ur family..and there will be new opportunities to trade later too...

I hope everyone made good money...regards...

This pair has been consolidating for about 5-6 days...and this consolidation shud be the sign of an explosive trend...the yellow zones are the limits of the consolidation zone and pending orders shud be placed above and below the yellow zones...Apart from the explosive trend..also the small trends moving between the support and the resistence zones shud be seen as a source of profit until the time the pair decides which way to go...

Regards..

I hope some people made money with this order...and honestly i closed the order manually...and now i will be focusing mostly on EURJPY , CHFJPY and GBPJPY and i have already placed my pending orders...i hope Japanese people will do me a favour tonite

Regards..

XAUUSD...the price has just broken a support zone and established its downtrend , and later has retraced back to the support zone (now resistence zone) , and is waiting for a bearish attack until 1550s..The decision zone is (yellow part in the picture) is between 1649 and 1618 ...

XAUUSD SELL : 1629 SL : 1649 TP :1550 (1 LOT)
Pending BUY : 1649 SL : 1618 TP : 1692 (2 LOTs)

Please adjust the volume in accordance to ur balance quantity..

Regards