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Trading Made Simple

  • #42,961
  • Oct 29, 2014 8:53am Oct 29, 2014 8:53am
Quoting WDays
{quote} I did, reply is right above your post About TP, I use the average range. In a wide-ranging market or a trending market, I'd look at the past couple of sessions and see how far price moved there. Take off spread, take off the pips wasted on waiting for the setup candle to close and there you go I like more volatile pairs, that allow for 40 to 100 pips TPs.
Thanks alot... I need to learn more about this system and keep practice until I success!

I thought its okay if we enter earlier before or near to the cross. And it is also important only enter on 1st and 2nd candle. Don't enter on 3rd candle.
I Win, I Lose, It's my Job... And I Love it!
  • #42,962
  • Oct 29, 2014 8:54am Oct 29, 2014 8:54am
I am having trouble understanding the proper setting for Cavemanager. Could someone PM me who has go knowledge/experience with it?

Also umairsheikh2, I haven't studied your charts yet but by quick glance your risk reward seem to be way off on those trades. You are risking way more than you are trying to earn.
  • #42,963
  • Oct 29, 2014 9:07am Oct 29, 2014 9:07am
Quoting AnalogKid
Also umairsheikh2, I haven't studied your charts yet but by quick glance your risk reward seem to be way off on those trades. You are risking way more than you are trying to earn.
Thanks for pointing out this problem. Now I will take care of it! I am just trying not tightening a SL otherwise it doesn't give a chance for swing!
I Win, I Lose, It's my Job... And I Love it!
  • #42,964
  • Oct 29, 2014 9:09am Oct 29, 2014 9:09am
and still having part of EA short running...
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Short on D1 Wed 29.10.14.png Size: 40 KB
Appreciation is the key to wealth and happiness
  • #42,965
  • Oct 29, 2014 9:30am Oct 29, 2014 9:30am
Thanks
Quoting WDays
{quote} Not at all, in fact subscribing to Lastingwell was probably the best thing I ever did for my trading career {quote} It's the pipsometer, you should be able to find it somewhere in the paperclip, if you can't just hit me up I'll post it.
Trade what you see .
  • #42,966
  • Oct 29, 2014 9:36am Oct 29, 2014 9:36am
Quoting umairsheikh2
{quote} Thanks for pointing out this problem. Now I will take care of it! I am just trying not tightening a SL otherwise it doesn't give a chance for swing!
Yes, I understand what you mean about giving it enough room. As long as you will manage that SL then that's fine.

I am trying to do the same with cavemanager - I want to take 50% of the trade at 20 pips and then run the rest with a trailing stop of 20 pips to breakeven at worse on the remaining 50%, but im confused with all the settings and which to activate to get that.
  • #42,967
  • Oct 29, 2014 9:48am Oct 29, 2014 9:48am
@All ...

Guys, what do you prefer 4H or 1H for this strategy?
I Win, I Lose, It's my Job... And I Love it!
  • #42,968
  • Oct 29, 2014 9:53am Oct 29, 2014 9:53am
Quoting umairsheikh2
@All ... Guys, what do you prefer 4H or 1H for this strategy?
H1 with H4 and H4 with D1
  • #42,969
  • Oct 29, 2014 9:54am Oct 29, 2014 9:54am
Quoting Bizzzle
AU 4 Hour 30 pips risk 70 pips TP Stop are now at BE {image}
Update on my AU 4 hour TP hit +75 pips

All thanks to my good friend Lastingwell great Template
Attached Image (click to enlarge)
Click to Enlarge Name: AU 27-10.png Size: 26 KB
Give yourself a chance and trade it like it's layed out...
  • #42,970
  • Oct 29, 2014 10:00am Oct 29, 2014 10:00am
EU 4 hour

Risk 45 pips TP 100 pips

SL now at BE
Attached Image (click to enlarge)
Click to Enlarge Name: EU 29-10.png Size: 31 KB
Give yourself a chance and trade it like it's layed out...
  • #42,971
  • Oct 29, 2014 10:12am Oct 29, 2014 10:12am
Quoting likica
and still having part of EA short running... {image}
Likica,

If you don't mind, could you please tell me how you use your 5,3,3 stocastics in your trading decision? If it's a duplicate question, my apology. (There's no search result using a keyword 'stochastic'....)

Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #42,972
  • Oct 29, 2014 10:16am Oct 29, 2014 10:16am
Quoting Bizzzle
{quote} Update on my AU 4 hour TP hit +75 pips All thanks to my good friend Lastingwell great Template {image}
A perfect trade!
  • #42,973
  • Oct 29, 2014 10:23am Oct 29, 2014 10:23am
Quoting lastingwell
{quote} H1 with H4 and H4 with D1
Bro how do you use it?

Please let me know so I will try use 4H with D1. Looks really good strategy!

@Bizzzle: Whats the key benefits of this template? If I am not wrong you are using bar charts.

Thanks.
I Win, I Lose, It's my Job... And I Love it!
  • #42,974
  • Oct 29, 2014 10:25am Oct 29, 2014 10:25am
Quoting Bizzzle
{quote} Update on my AU 4 hour TP hit +75 pips All thanks to my good friend Lastingwell great Template {image}
Great work made!

Hope you will earn more!
I Win, I Lose, It's my Job... And I Love it!
  • #42,975
  • Oct 29, 2014 10:29am Oct 29, 2014 10:29am
Quoting umairsheikh2
{quote} Bro how do you use it? Please let me know so I will try use 4H with D1. Looks really good strategy! @Bizzzle: Whats the key benefits of this template? If I am not wrong you are using bar charts. Thanks.
Your are wrong they are APB's just like Big E suggested...

The Key benefits are you are trading with the higher TF trend!!

The way you can understand this is to take some time and back-test it, me and lastingwell have done a lot of BT and it wrks for us!!

Trading is about you been confident in your trades and this is how you can do that!!
Give yourself a chance and trade it like it's layed out...
  • #42,976
  • Oct 29, 2014 10:30am Oct 29, 2014 10:30am
Quoting hostwey
{quote} A perfect trade!
Thanks mate,

How are you and your trading its been a while?
Give yourself a chance and trade it like it's layed out...
  • #42,977
  • Oct 29, 2014 10:30am Oct 29, 2014 10:30am
Quoting umairsheikh2
{quote} Great work made! Hope you will earn more!
Thank you
you too!!
Give yourself a chance and trade it like it's layed out...
  • #42,978
  • Oct 29, 2014 10:31am Oct 29, 2014 10:31am
EJ_H1 pullback candle following the trend, what seems to me that LO set the low, entry on the break of the pullback candle, closed most of the trade, BE on reaming
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 369 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,979
  • Oct 29, 2014 10:35am Oct 29, 2014 10:35am
Quoting TheScorpS
EJ_H1 pullback candle following the trend, what seems to me that LO set the low, entry on the break of the pullback candle, closed most of the trade, BE on reaming {image}
Nice trading mate
Give yourself a chance and trade it like it's layed out...
  • #42,980
  • Oct 29, 2014 10:35am Oct 29, 2014 10:35am
Quoting emmanuel7788
{quote} Hi Lydia, One crazy month is more than I can handle. I don't know what November will bring, but looking at the Daily ATR over 100 days, I see that increasing. I LIKE that! so I can trade both EURUSD and GBPUSD on H1 intraday. November, is when most big corporation already know what their first 3 quarters performance is like and that will have some impact on the markets. Also the big economy will know their 3Q. GDP, so I am prepare around the news and data release dates. Preservation of trading capital is top priority at year end and we should...
Hi Emmanuel,
Thank you for the explanation.
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