How can I get success entry order with perfect SL - TP | Forex Factory

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How can I get success entry order with perfect SL - TP

  • #1
  • First Post: Aug 13, 2012 11:44pm Aug 13, 2012 11:44pm
Hi all , i would like to say this is the best website for forex technical analysis and for everything i want to know about i can found it here

firstly i've a problem in my trading system what is included :

1- i can't find when i need to make my position to buy or sell ?
2- how can i find a good area for STOP LOSS AND TAKE PROFIT ?
3- how can i know what is the signal of the currency ?


note : i'm using
indocators : ichimokou , macd , stochastic (full) ,exponinteial moving averages , chande kroll stop (for stop loss )

thanks for your patience and plz help me for
  • #2
  • Aug 14, 2012 12:03am Aug 14, 2012 12:03am
Quoting snmaasster
Hi all , i would like to say this is the best website for forex technical analysis and for everything i want to know about i can found it here

firstly i've a problem in my trading system what is included :

1- i can't find when i need to make my position to buy or sell ?
2- how can i find a good area for STOP LOSS AND TAKE PROFIT ?
3- how can i know what is the signal of the currency ?


note : i'm using
indocators : ichimokou , macd , stochastic (full) ,exponinteial moving averages , chande kroll stop (for stop loss )

thanks for your...
95pips daily
  • #3
  • Aug 14, 2012 12:19am Aug 14, 2012 12:19am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jasakreatif
95pips daily

thought that thread was dead, loved the system, was shame when Mik left.

are you still trading it?
  • #4
  • Aug 14, 2012 12:24am Aug 14, 2012 12:24am
yes i'm still trading gbpjpy pairs
  • #5
  • Aug 14, 2012 7:05am Aug 14, 2012 7:05am
Quoting snmaasster
Hi all , i would like to say this is the best website for forex technical analysis and for everything i want to know about i can found it here

firstly i've a problem in my trading system what is included :

1- i can't find when i need to make my position to buy or sell ?
2- how can i find a good area for STOP LOSS AND TAKE PROFIT ?
3- how can i know what is the signal of the currency ?


note : i'm using
indocators : ichimokou , macd , stochastic (full) ,exponinteial moving averages , chande kroll stop (for stop loss )

thanks for your...
haha, so you just wanna know: how the hell can I trade profitably, cause currently I suck in trading, right? first things first: throw out these crappy indicators.
secondly the answer is: it takes years to figure all that out and lots of dedication.
  • #6
  • Aug 14, 2012 7:22am Aug 14, 2012 7:22am
Custos
Quote
haha, so you just wanna know: how the hell can I trade profitably, cause currently I suck in trading, right? first things first: throw out these crappy indicators.
secondly the answer is: it takes years to figure all that out and lots of dedication

Couldn't have said it better myself.

dcginc.
  • #7
  • Aug 14, 2012 7:41am Aug 14, 2012 7:41am
Quoting dcginc
Custos

Couldn't have said it better myself.

dcginc.
yes....but it aint very helpful for the author of this thread i guess... ^^

well first of all you need to understand how forex works at all.

What do you do whenever you push the '' buy '' button and vice versa ?
Why does price move ?
Why do markets exist ?

How do supply and demand affect price movements ?

......

you are using a lot of indicators,
let me ask you one question :

Do you know what these indicators represent ? Do you know how they are being coded ? Do you know who coded them ?

I guess not, so why using them then ? Just because they pop up sometimes telling you that you need to buy now ?

These threads might help :

http://www.forexfactory.com/showthread.php?t=300889

http://www.forexfactory.com/showthre...92#post5927192

also my e-book offers you all of the necessary tools to beat this business using supply and demand....

hope this helps,

take care and please dont go live.

Regards,
Jonas
Hero calls followed by margin calls...
  • #8
  • Aug 14, 2012 7:48am Aug 14, 2012 7:48am
Quoting Custos
haha, so you just wanna know: how the hell can I trade profitably, cause currently I suck in trading, right? first things first: throw out these crappy indicators.
secondly the answer is: it takes years to figure all that out and lots of dedication.
So true... The exit is where the skill is at.
H.D
  • #9
  • Aug 14, 2012 7:58am Aug 14, 2012 7:58am
...what are you trading? Counter trend, with the trend, a pull back of a trend, a breakout from a range?

You trading in the market is like a broken watch that's right once a day (with the exception of course that you work and you might be right more than once a day). What I am trying to say is, EVERY methodology has it's place and rightfulness at one point in time.

Find out what you like, character wise, and what suits you, time wise. Which asset class, what time frame (basically, how 'noisy' do you want it), and how much capital do you have at your disposal.

Build a strategy around those parameters.

(My own 'personal favorite' {as a matter of fact, the only trades I personally take}: Trading into a pull-back within an existing trend - now if you can 'only' work out when and how you define for yourself, at what stage a ''pull-back'' becomes/turns into a ''trend reversal'' - you would've worked out quite a lot already. Next on the list: where you set your limit buy/sell into this pull-back and the stop loss. Take profit must be with a minimum of R:R 1:1. And, last but not least: proper money management.)
  • #10
  • Aug 14, 2012 8:09am Aug 14, 2012 8:09am
Blind leading the blind again as always..
  • #11
  • Aug 14, 2012 8:16am Aug 14, 2012 8:16am
Quoting snmaasster

1- i can't find when i need to make my position to buy or sell ?
2- how can i find a good area for STOP LOSS AND TAKE PROFIT ?
3- how can i know what is the signal of the currency ?
This is just my two cents...

Go to a section "Trading Systems"
Read all threads that have a 5-star rating and more than 1.000 "replies"
It will take 6-12 months to understand those systems very good
Then pick a couple of systems that fit your personality
Try and modify them on demo accounts until you make profits at least 3 months straight

Hope it helps
  • #12
  • Aug 14, 2012 8:30am Aug 14, 2012 8:30am
Quoting ingmarforex
Blind leading the blind again as always..

True! ...but rather in the sense of, some are 'blinder' than others...

Or why so negative, shall we settle for and say, some are able/have worked hard enough to see/do better than others; it's stages we go through in this business, right?(!)

Good trading to all.
  • #13
  • Aug 14, 2012 8:32am Aug 14, 2012 8:32am
Quoting Roughneck
True! ...but rather in the sense of, some are 'blinder' than others...

Or why so negative, shall we settle for and say, some are able/have worked hard enough to see/do better than others; it's stages we go through in this business, right?(!)

Good trading to all.
True

Quoting ingmarforex
Blind leading the blind again as always..
^ That used to be me.

And if the one with such sight enlighten us, or just remind us he has the sight and we do not have such hath (hath?)

hark
H.D
  • #14
  • Aug 14, 2012 8:53am Aug 14, 2012 8:53am
Start with the basics. Forget systems, methods and all that other shit for the time being. Find out why price moves, what makes it go up & what makes it go down.

Most of us learnt it all backwards and never understood what makes the market work (some on here obviously still don't know) so it's no surprise it's tough in the beginning.
  • #15
  • Aug 14, 2012 8:57am Aug 14, 2012 8:57am
Most what is in the trading books from the so called gurus wwhat they say is wrong i found throught the years is right.

Inserted Video


My advice learn how to poker become good then become back at forex you will look at things different it is all maths to a certain degree.
But thats speaking of my own experience.
Also people who say this is the way to trade blah blah always show hindsight charts rarely make live calls or whatever or dont have any statements or track records to back up. Some of the guys i see in here not saying names i saw last years Making calls on certain markets and convincing and bashing other traders because they where against them with the trade opposite site nowadays they make books and help newer traders but in the meantime they keep blowing acounts. Fuuny imo. Thats why i sayed blind leading the blind.
What i would advice not that i know it all but just my humble oppinion is leave this forum start from the basics read babypips then go to nobrainertrades.com.
Then do some months poker and comeback open small acount with the a strategy developed yourself with a certain pattern what repeats itself overtime in the market focus just on that pattern. (price structure it can be or a certain move time of the day or maybe somme support fade or res something like that.
Then get a possitive expectancy out of it then you can choose to add another pattern or stick to just that 1 it will learn you discipline and patience what are 2 important factors in trading psychology.
If you have stats over a certain amount of time you can adjust risk profiles for example on certain trades you bet more and if the trade goes in your direction instead of scaling out you scale in so betting more.

But maybe i am blind and talk all shit anyway good luck
  • #16
  • Aug 14, 2012 9:05am Aug 14, 2012 9:05am
Quoting ingmarforex

http://www.youtube.com/watch?v=7zute2g1S_w

Some of the guys i see in here not saying names i saw last years Making calls on certain markets and convincing and bashing other traders because they where against them with the trade opposite site nowadays they make books and help newer traders but in the meantime they keep blowing acounts. Fuuny imo.
Mate they are some mighty accusations. Lets hear some names = P

I saw you trade a small account into astronomical figures just to blow the account on my prediction. I can't remember the thread. Do you still leverage the fk out of your positions? Just wondering. Because as I recall although you blew like 15K of live money, you already withdrew a larger portion of your initial deposit. Just wondering man, not having a go.
H.D
  • #17
  • Aug 14, 2012 9:09am Aug 14, 2012 9:09am
Quoting ingmarforex
Blind leading the blind again as always..
Yet, a blind can kill (the market?)... (blind samurai, that is!)
Attached Image
  • #18
  • Aug 14, 2012 9:20am Aug 14, 2012 9:20am
Quoting ingmarforex
Most what is in the trading books from the so called gurus what they say is wrong i found throught the years is right.
True! ...one could easily say, writers ain't traders and traders ain't writers! (of course, it's not always the case, but there is for sure some truth in this.)

ingmarforex - looking at the array of things offered here on FF, what caught your eye? (just wondering really)
  • #19
  • Aug 14, 2012 9:23am Aug 14, 2012 9:23am
Quoting Hilar
Mate they are some mighty accusations. Lets hear some names = P

I saw you trade a small account into astronomical figures just to blow the account on my prediction. I can't remember the thread. Do you still leverage the fk out of your positions? Just wondering. Because as I recall although you blew like 15K of live money, you already withdrew a larger portion of your initial deposit. Just wondering man, not having a go.
No you wrong was 200 gambling acount name says it all 200 to almost 5k yes and withdraw all still do same plays sometimes start 200 with 500 lev all against rulles of books betting start 0.10 mini on first trade if i see 1 1 then if that wins trying to look gains atleast 100 so acount is 300 so continue on if trade is wrong lose 50 for seeing cards if trade works out might add etc.

Will do next month 1 here on this thread with explorer so you can see own eyes. i am not bullshitting but needer do i need to defend but just showing is possible to do if 1 remains patience and look for certain thing deal set next month i will open here in this thread explorer and another 200 with 500 leverage so all gurus can bash me Ooh and yes i also blowed some 200 acounts but those gambling are next to normal where i dont gamble or go above certain risk parameters..
  • #20
  • Aug 14, 2012 9:27am Aug 14, 2012 9:27am
Quoting ingmarforex
No you wrong was 200 gambling acount name says it all 200 to almost 5k yes and withdraw all still do same plays sometimes start 200 with 500 lev all against rulles of books betting start 0.10 mini on first trade if i see 1 1 then if that wins trying to look gains atleast 100 so acount is 300 so continue on if trade is wrong lose 50 for seeing cards if trade works out might add etc.

Will do next month 1 here on this thread with explorer so you can see own eyes. i am not bullshitting but needer do i need to defend but just showing is possible...
No the account I saw you took like 4K initial deposit to 15k but on top of that withdrew something like 7K just before christmas

It was a live account. Anyway.. was some ballsy sh*t.

Or there's the conspiracy that the trade explorer was complete BS. If you can't even remember that it does make me wonder (thinking emoticon.) The broker as I recall was an odd choice, but I assumed it was for leverage.
H.D
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