If you want your dreams to come true, you better wake up !!!
Another simple system - Time-Frame 15
- #12,543
- Nov 2, 2012 5:00pm Nov 2, 2012 5:00pm
- | Joined Jul 2011 | Status: Trader | 1,154 Posts
If you want your dreams to come true, you better wake up !!!
- #12,544
- Nov 2, 2012 5:02pm Nov 2, 2012 5:02pm
- | Joined Jul 2011 | Status: Trader | 1,154 Posts
?? 
Not sure about this..... I think I like the 200 EMA and will stick to it.... I was explaining buddy cristiansan about why Oanda feeds would look diff for him .....
[quote=Piters;6159004]
Not sure about this..... I think I like the 200 EMA and will stick to it.... I was explaining buddy cristiansan about why Oanda feeds would look diff for him .....
[quote=Piters;6159004]
try 200 SMA
If you want your dreams to come true, you better wake up !!!
- #12,545
- Edited 5:37pm Nov 2, 2012 5:04pm | Edited 5:37pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
??
Not sure about this..... I think I like the 200 EMA and will stick to it.... I was explaining buddy cristiansan about why Oanda feeds would look diff for him .....
here are some charts Monthly and Daily with "pinkish" 200SMA..
different feed, or daily candles depends when brokers are having daily roll.. some using GMT some EST
cheers
[Charts] ...
- #12,546
- Nov 2, 2012 5:05pm Nov 2, 2012 5:05pm
- | Joined Jul 2011 | Status: Trader | 1,154 Posts
If you want your dreams to come true, you better wake up !!!
- #12,547
- Nov 2, 2012 5:07pm Nov 2, 2012 5:07pm
- | Joined Jul 2011 | Status: Trader | 1,154 Posts
I think I know what you mean......
Agree with you on your POV as well....
yes price gets the bounce from 200 SMA..... and yes many traders on other sites have also pointed to this.....
But in this thread I think post 1 states to look at 200 EMA .... so only I am watching 200 EMA to spot any trades.....
[quote=Piters;6159015]
Agree with you on your POV as well....
yes price gets the bounce from 200 SMA..... and yes many traders on other sites have also pointed to this.....
But in this thread I think post 1 states to look at 200 EMA .... so only I am watching 200 EMA to spot any trades.....
[quote=Piters;6159015]
??
Not sure about this..... I think I like the 200 EMA and will stick to it.... I was explaining buddy cristiansan about why Oanda feeds would look diff for him .....
as you wish..
here are some charts Monthly and Daily with "pinkish" 200SMA
cheers
[Charts]
If you want your dreams to come true, you better wake up !!!
- #12,548
- Nov 2, 2012 5:12pm Nov 2, 2012 5:12pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I think I know what you mean......
Agree with you on your POV as well....
yes price gets the bounce from 200 SMA..... and yes many traders on other sites have also pointed to this.....
But in this thread I think post 1 states to look at 200 EMA .... so only I am watching 200 EMA to spot any trades.....
bye!
- #12,549
- Edited 7:53pm Nov 2, 2012 7:32pm | Edited 7:53pm
- | Joined Jun 2012 | Status: Trader | 354 Posts
hello fellow lovebees,
attached you will find my first money management sheet for lovebees.
i know some of you are trading with real cash, others on demo.
either way, do you have a management plan in place?
demo lovebees traders: i know it is just your demo account but we want to get our eyes used to the losses or profits that will happen on a live account. don't think in terms of money. try to think in terms of % gain and pips. it might be a better idea to use the same (small) amount of money that you plan to use when you go live. we need to adjust our eyes.
live lovebees traders: do you have a money management plan in place? capital protection is most important, arjun taught us. we don't want to lose everything. how can we make this sure?
Discipline
we have to learn to be disciplined. why should we give away our hard earned money? we want to make money. earning a lot of money quickly seems attractive and it gives you a rush, adrenaline flows through your body. if body and mind are constantly on the edge of stress due to adrenaline rushes, we don't only risk our money but also our HEALTH! why would we want to do that? if we have money management in place there is no reason to be stressed. our losers won't hurt us and if we learn this method properly, our losers will be very very few.
About the sheet
this sheet is designed for lovebees. we don't need to trade big lots. they will hurt and stress us. i assumed that we start with 500 € (wow, that's already a lot of cash..), and we want to usually risk around 1% if we see a very probable setup.
on the left of the sheet you see position sizes. i wrote down how much 1 pip is worth in Euros. you can adjust this to your account currency if you have a different one. the value per pip is important. from this, we can identify how much our SL will be. Spreads are not included so keep that in mind.
# trades taken is to have a record of how much our stoploss usually is. we can look at weekly/monthly averages of our position sizes and stop losses like this. at the end of every day, you could just add how many trades you have with a 0.02 position size for example.
the green+red validity bar shows us which kind of lots we can afford to take. note that on the top of the sheet there are 3 red cells. the one called BALANCE can be used in accordance with the validity bar. if our balance increases to 1,000 then 1% equals 10 euro and not 5 anymore. we can now afford to maybe increase our positions or stop losses and turn a red cell intro green.
this management tracker is NOT STATIC! adjust it to your preferences. i thought for a newbie it's good to start with little money. don't take too large positions is what i would suggest.
If this helps only one person out there then it was worth developing it.
Good weekend
Peace and love
steph
P.S. if this is successful, I will develop a trade management XLS next week, i have one for me and i keep track of the kind of trades i take and can cut losers for the future.
attached you will find my first money management sheet for lovebees.
i know some of you are trading with real cash, others on demo.
either way, do you have a management plan in place?
demo lovebees traders: i know it is just your demo account but we want to get our eyes used to the losses or profits that will happen on a live account. don't think in terms of money. try to think in terms of % gain and pips. it might be a better idea to use the same (small) amount of money that you plan to use when you go live. we need to adjust our eyes.
live lovebees traders: do you have a money management plan in place? capital protection is most important, arjun taught us. we don't want to lose everything. how can we make this sure?
Discipline
we have to learn to be disciplined. why should we give away our hard earned money? we want to make money. earning a lot of money quickly seems attractive and it gives you a rush, adrenaline flows through your body. if body and mind are constantly on the edge of stress due to adrenaline rushes, we don't only risk our money but also our HEALTH! why would we want to do that? if we have money management in place there is no reason to be stressed. our losers won't hurt us and if we learn this method properly, our losers will be very very few.
About the sheet
this sheet is designed for lovebees. we don't need to trade big lots. they will hurt and stress us. i assumed that we start with 500 € (wow, that's already a lot of cash..), and we want to usually risk around 1% if we see a very probable setup.
on the left of the sheet you see position sizes. i wrote down how much 1 pip is worth in Euros. you can adjust this to your account currency if you have a different one. the value per pip is important. from this, we can identify how much our SL will be. Spreads are not included so keep that in mind.
# trades taken is to have a record of how much our stoploss usually is. we can look at weekly/monthly averages of our position sizes and stop losses like this. at the end of every day, you could just add how many trades you have with a 0.02 position size for example.
the green+red validity bar shows us which kind of lots we can afford to take. note that on the top of the sheet there are 3 red cells. the one called BALANCE can be used in accordance with the validity bar. if our balance increases to 1,000 then 1% equals 10 euro and not 5 anymore. we can now afford to maybe increase our positions or stop losses and turn a red cell intro green.
this management tracker is NOT STATIC! adjust it to your preferences. i thought for a newbie it's good to start with little money. don't take too large positions is what i would suggest.
If this helps only one person out there then it was worth developing it.
Good weekend
Peace and love
steph
P.S. if this is successful, I will develop a trade management XLS next week, i have one for me and i keep track of the kind of trades i take and can cut losers for the future.
- #12,550
- Nov 2, 2012 7:46pm Nov 2, 2012 7:46pm
- Joined Feb 2012 | Status: Trader | 3,108 Posts
you are welcome 99.. but still u shld post ur charts... can be also usefull for noobs.. i missed today trades bcoz i was on rest.. having health issue. would be on some rest. but now i m available after today's long rest
Let all the living things live blissfully
- #12,551
- Nov 2, 2012 7:50pm Nov 2, 2012 7:50pm
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
to all lovebees,
i am sorry but i won't be able to post my backtests for the day .. again. so sorry
just installed a new software on my mac that allows me to use pepperstone. i wanted to transfer my charts but everything is gone lol.
i'll redo all my charts tomorrow and post retests of friday once i am finished.
so sorry...
peace and love
steph
i am sorry but i won't be able to post my backtests for the day .. again. so sorry
just installed a new software on my mac that allows me to use pepperstone. i wanted to transfer my charts but everything is gone lol.
i'll redo all my charts tomorrow and post retests of friday once i am finished.
so sorry...
peace and love
steph
- #12,557
- Nov 2, 2012 8:36pm Nov 2, 2012 8:36pm
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully
- #12,560
- Edited 10:09pm Nov 2, 2012 9:51pm | Edited 10:09pm
- Joined Feb 2012 | Status: Trader | 3,108 Posts
Let all the living things live blissfully