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Magic 5 - five pips only

  • #401
  • Dec 11, 2014 9:04am Dec 11, 2014 9:04am
Quoting gigicualex
Had 3 trades today, one of them a looser which I'm uploading here for your analysis. My entry is marked on the chart Price below the blue trend line(resistance), also below the 200EMA. Price in consolidation, wave formation. Seeing the HA change in color, the setup candle closing below the 5EMA and the RSI doping from 70 area I decided to sell. I had a 15p SL in my mind but i decided to close it earlier for a 9p lost. The only thing I regret is not sticking to my own rule not entering a trade if setup candle is a doji {image}
why on earth you closed it. it was just little pullback it happens. you should have trusted your proper set-up.
always draw trendlines
  • #402
  • Dec 11, 2014 9:04am Dec 11, 2014 9:04am
I'm a mystery/fiction author (16 books published) so I write down little sayings in my Forex Journal as I go along.. one of the hardest things in following TK's system here is to keep the greed in check.. I've made several trades this week where I made the 5 Pips and closed out only to realize later I could have made 12 or 15 pips had I held on longer.. and this is a note I made beside the last 5 pip winning entry I had while ago..

"Stop weeping over what you could have made... and rejoice over what you did make..."

I know that's nothing to do with this thread, but maybe some of you will find it helpful.

Keep on piling up the 5s.. they add up ...

Chaz
  • #403
  • Dec 11, 2014 9:11am Dec 11, 2014 9:11am
Quoting Chaz-e
I'm a mystery/fiction author (16 books published) so I write down little sayings in my Forex Journal as I go along.. one of the hardest things in following TK's system here is to keep the greed in check.. I've made several trades this week where I made the 5 Pips and closed out only to realize later I could have made 12 or 15 pips had I held on longer.. and this is a note I made beside the last 5 pip winning entry I had while ago.. "Stop weeping over what you could have made... and rejoice over what you did make..." I know that's nothing to do with...
agreed, mate.
(curious about your fiction books though, pm me about them kindly )
always draw trendlines
  • #404
  • Dec 11, 2014 9:44am Dec 11, 2014 9:44am
Quoting macdh4
Pinnng Eu NÃO entendo Como ISSO Ficou Tão muitos Sinais, em SEGUIDA.

I did not understand , it seems something about sequence of signs ?

I'm able to make good trades , it is very important to follow the trend , that moment EUR / USD was strong tendency to low .... And it was simple.
  • #405
  • Dec 11, 2014 10:05am Dec 11, 2014 10:05am
[Quote = Pinnng; 7937921] {quote} Eu não entendi, parece algo sobre seqüência de sinais? Eu sou capaz de fazer bons negócios, é muito importante seguir a tendência, nesse momento EUR / USD foi forte tendência para baixo .... E foi simples. [/ Quote]
ok I understand, I prefer the 5 pips just can not take risks too many​
  • #406
  • Dec 11, 2014 10:13am Dec 11, 2014 10:13am
me too , so I made 5 pips only lol

enjoyed this strategy , just think wrong not to have stop loss , it is very risky, leveraged enter without stop ..
  • #407
  • Dec 11, 2014 10:22am Dec 11, 2014 10:22am
USD/CHF now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
  • #408
  • Dec 11, 2014 10:25am Dec 11, 2014 10:25am
look, 0.9688 is the line to be broken , if you happen to take between 5 pips.
  • #409
  • Dec 11, 2014 10:29am Dec 11, 2014 10:29am
Quoting Pinnng
USD/CHF now {image}
Pin..your chart reminds of deep forest)) add some 5-6 indies more
always draw trendlines
  • #410
  • Dec 11, 2014 10:32am Dec 11, 2014 10:32am
[Quote = Pinnng; 7938058]. Olhe, 0,9688 é a linha a ser quebrado, se acontecer de você demorar entre 5 pips [/ quote]

Would advise you to place graphics only with the recommended indicators.
  • #411
  • Dec 11, 2014 10:34am Dec 11, 2014 10:34am
Quoting tk5
{quote} Pin..your chart reminds of deep forest)) add some 5-6 indies more

[quote=Would advise you to place graphics only with the recommended indicators.[/quote]

LoL , I really love indicators
  • #412
  • Dec 11, 2014 10:37am Dec 11, 2014 10:37am
Quoting Pinnng
{quote} {quote} LoL , I really love indicators
they will kill you man. we use RSI only
always draw trendlines
  • #413
  • Dec 11, 2014 10:54am Dec 11, 2014 10:54am
Quoting tk5
{quote} they will kill you man. we use RSI only
tk5

DO you have a myfxbook account for your strategy?

The rules you posted in post 1 are all you follow? You don't bring in anything else into your strategy? Support and Resistance Lines etc?
  • #414
  • Dec 11, 2014 11:26am Dec 11, 2014 11:26am
Quoting fxtrader08
{quote} tk5 DO you have a myfxbook account for your strategy? The rules you posted in post 1 are all you follow? You don't bring in anything else into your strategy? Support and Resistance Lines etc?
of course. Making it simple as possible is about psychological and mental comfort.
i thought you follow it closer..S-R are on daily pivot point. i use those. and always draw trend-lines.

why do i need myfxbook, Gosh)) I am not MT4 user anyways.
always draw trendlines
  • #415
  • Dec 11, 2014 12:00pm Dec 11, 2014 12:00pm
Quoting Chaz-e
I'm a mystery/fiction author (16 books published) so I write down little sayings in my Forex Journal as I go along.. one of the hardest things in following TK's system here is to keep the greed in check.. I've made several trades this week where I made the 5 Pips and closed out only to realize later I could have made 12 or 15 pips had I held on longer.. and this is a note I made beside the last 5 pip winning entry I had while ago.. "Stop weeping over what you could have made... and rejoice over what you did make..." I know that's nothing to do with...
Yeah, taking only the 5 pips may increase your trade winning chance but not your overall output. One will take the "guaranteed" 5 pips, others (like me) take the good trend.

I now traded this method 156 times (115 winners) for 1525 pips, so thats 9.8 pips/trade. I´d rather take this.

Why not improve if you can.

Quintessence:

Take OPs rules and look for a better exit.
  • #416
  • Edited Dec 12, 2014 7:07am Dec 11, 2014 12:56pm | Edited Dec 12, 2014 7:07am
Probably this very simple program can help to analize which pair choose to catch the 5 pips..

Buy the Green Pair when appears..Buy Strong.

Sell the RED pair .. when appears SELL Strong.

Use in high volume markets!

THIS IS NOT THE HOLLY GRAIL!

Shows last 45 minutes in average pips! Indi shows winners Long or Short trend!

Thank you!
Attached File(s)
File Type: ex4 OlimpiaHotPairs.ex4   42 KB | 627 downloads
visit www.OlimpiaFX.com
  • #417
  • Dec 11, 2014 2:09pm Dec 11, 2014 2:09pm
Quoting olimpia
Probably this very simple program can help! Buy the Green Pair when appears..Buy Strong. Sell the RED pair .. when appears SELL Strong. Use in high volume market! {file}
what you talking about mate. irrelevant.
always draw trendlines
  • #418
  • Dec 11, 2014 2:21pm Dec 11, 2014 2:21pm
Quoting olimpia
Probably this very simple program can help! Buy the Green Pair when appears..Buy Strong. Sell the RED pair .. when appears SELL Strong. Use in high volume market! {file}

SPAM
  • #419
  • Dec 11, 2014 2:56pm Dec 11, 2014 2:56pm
Dear TK5, If you can prepare the video tutorial of live trading with your system it would be helpful to many members, no doubt your system looks more promising......best wishes for sharing this with us.
  • #420
  • Dec 11, 2014 7:51pm Dec 11, 2014 7:51pm
Not spam mate.. just try.
you talking about magic.. maybe this is magic.. try it..
visit www.OlimpiaFX.com
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