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Attachments: 5 PIPS - Only Five
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5 PIPS - Only Five

Quoting MetaSecret
Hi, there are two common ways in trading. #1: big position in short time #2: small position in long time it depends on your choice, no need to agree or argue
I don't think anyone is arguing but it's been mentioned it before - don't forget the power of compounding.

If you consider a big position as 1.0% and a small position of 0.5% then

#1: big position in short time
On a $1000 balance risking 1.0% on 5 pips 8 times means a balance of $1407

#2: small position in long time
On a $1000 balance doing 0.5% on 40 pips once means a balance of $1200

Someone on here mentioned a return rate of about 82% so even if you lost two of the 5 you'd still have a balance of $1209

To put it another way, using #1 you only need 4 wins (20 pips) to get to $1215
is it a valid signal?
btw this is aud/usd 15m chart
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Quoting Mingary
{quote} {quote} I do like the idea of having no method / strategy at all. No rules. I like it. Indeed, if the method works then you are following the method! However, if the strategy does not work... then it's your fault; you are not following the method. This is a perfect trading system.
I think you summarized this thread very well.
There is a reason why this is found in "Rookie Talk" .
Quoting RHoudini
{quote} I think you summarized this thread very well. There is a reason why this is found in "Rookie Talk" .
no theres no proper reason for this. When I opened thread - first post wasnt about a system . so admins considered it just a basic talk. However,in reality, it became a system thread.
always draw trendlines
Quoting Mingary
{quote} {quote} I do like the idea of having no method / strategy at all. No rules. I like it. Indeed, if the method works then you are following the method! However, if the strategy does not work... then it's your fault; you are not following the method. This is a perfect trading system. ... some ugly girl asks the self-help guru: "Sir, I can't get a boy friend" The guru says: "Try harder, you are not following the method I taught you"
are you just trying to look and seem smart (with your babypips question)?
always draw trendlines
Quoting tk5
{quote} are you just trying to look and seem smart (with your babypips question)?
Please don't pay attention to me.
No one should really....
My apologies for the interruption.
Quoting Mingary
{quote} Please don't pay attention to me. No one should really.... My apologies for the interruption.
no problem smarty, obvious from number of extracted posts you have in recycle bin.
always draw trendlines
Quoting mahdihasan
is it a valid signal? btw this is aud/usd 15m chart {image}
you just answered your question with the chart.
always draw trendlines
Quoting tk5
{quote} you just answered your question with the chart.
But I think it does'nt work Am I wrong?
Quoting mahdihasan
is it a valid signal? btw this is aud/usd 15m chart {image}
no, but if u wait for next candle, hope you will get correct signal.
and i am doing the same each day on GBPCHF only using Support and Resistance to get 5-7 pips and 100% success till now
Quoting uqbiii
{quote} no, but if u wait for next candle, hope you will get correct signal. and i am doing the same each day on GBPCHF only using Support and Resistance to get 5-7 pips and 100% success till now
Why this is not valid?Can u explain please?Do u use this system on gbgbp/chf?If then which tf you use?
Quoting mahdihasan
{quote} Why this is not valid?Can u explain please?Do u use this system on gbgbp/chf?If then which tf you use?
before asking questions and wondering...read the thread, analyze, study..
do it.
(you have totally wrong perception of it).
always draw trendlines
Quoting tk5
{quote} before asking questions and wondering...read the thread, analyze, study.. do it. (you have totally wrong perception of it).
Dear bro, acctually I read ur topics. May be I am wrong. I see that it comes to profit but its true that, it went too much pips to loss. Sorry for my bad english. Hope u will understand. Can u please tell me this sognal is wrong or right? I am so confused.
Quoting mahdihasan
{quote} Dear bro, acctually I read ur topics. May be I am wrong. I see that it comes to profit but its true that, it went too much pips to loss. Sorry for my bad english. Hope u will understand. Can u please tell me this sognal is wrong or right? I am so confused.
thats not the point where you were supposed to enter. you had to enter where price crossed ema first time.
always draw trendlines
Quoting tk5
{quote} no problem smarty, obvious from number of extracted posts you have in recycle bin.

I don't agree with 95% of the members of this web site. (:
Another winner with a GJ short 10 pip. Right at this very moment its pretty flat by my chart, I took the trades by the rules, however the hard fact is there was more on the chart in my opinion that caused the move. Anyways it took a whole 15 minutes to get into a profitable trade,,,, I do consider myself an experienced trader for the newer folk trying to figure this out.
Pips for the weekend

GBP/USD

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EUR/USD

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USD/CAD

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EU +40 +65. Didn't wait for candle close on first trade, Divergence @ confluence BRN & S&R Followed by a 123 reversal signal. Took second trade after the signal as per the "Methodology" Then the Big Boys did the rest.
Right place right time
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Cut your Losers short and let your Winners run.
Quoting Moonie
Pips for the weekend GBP/USD {image} EUR/USD {image} USD/CAD {image}
Thanks for posting the DIVERGENCE indicator, should help some of those identify divergence and start training their eyes to recognize it so eventually they will not need an indicator to do the job.
Cut your Losers short and let your Winners run.
nice trades dee, on the divergence note, rsi,macd, roc, these indicators take out the choppiness of the pair so its slower to react, when the price makes a sharp move in the opposite direction of the trend this will create divergence because the rsi or whatever indicator you use will still be showing the trend. any kind of 1,2,3, v bottoms things like this will show divergence immediately very easy to spot could be possible trend change maybe not but its usually good enough for a few pips, unless of course there is news involved which has nothing to do with trend. basically what i'm saying is those indicators just show a difference between a SLOWER moving MA and the price itself, you could do the same thing with say a 60 MA when the price cross from under to over this is divergence. rsi or an automatic divergence indicator looks at longer term trend and when the price goes against it quickly you will have divergence usually pretty strong signals. This can be done with almost any indicator but an engulfing candle when you see is the same as any indicator its very easy to see. This does go against tk as he was saying trade with trend but when you have fast moving candles this is a different situation, i would take the same trade, but new comers will probably do best to stay away from trend changes without experience it gets hairy.
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