MT4/MT5 EAs/Indicators/Alerts coder
Alien's Extraterrestrial Visual Systems
- #9,421
- Jan 31, 2015 4:06am Jan 31, 2015 4:06am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
- #9,422
- Jan 31, 2015 8:18am Jan 31, 2015 8:18am
I am starting my fourth reading this topic, blow my account this week my mistake is not using stop, I'm struggling to master this management. Negotiation is a therapy, which is a more calm and cool, achieves better results, as I hurried explode your bills
FXerha
- #9,423
- Edited 2:42pm Jan 31, 2015 10:50am | Edited 2:42pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
All we need, after a good mechanical system, is to do a personal trading plan and stick to it.
For some suggestions about trade management and money management have a look at this PDF.
It's a little aged but with a lot of hints.
For some suggestions about trade management and money management have a look at this PDF.
It's a little aged but with a lot of hints.
Per aspera ad astra 
- #9,425
- Jan 31, 2015 10:42pm Jan 31, 2015 10:42pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
I was looking for a sticky note indicator for mt4 till i found it here: http://www.forexfactory.com/showthre...75#post8034975 It's really useful for me because i tend to broke the rules.Maybe could be useful to anyone here. It is in ex4 format so you have to reformat to your own style. Happy weekend!
{file} {image}
Sometimes overconfidence on my trades will be painful.... and the last four trades I took as the result of that overconfidence ..... got to be more disciplined!!
Journey is more important than destination
- #9,427
- Edited 11:58pm Jan 31, 2015 10:55pm | Edited 11:58pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
All we need, after a good mechanical system, is to do a personal trading plan and stick to it.
Thanks for sharing.....
That's gonna be something good for weekend reading ...
Journey is more important than destination
- #9,428
- Edited 3:35am Feb 1, 2015 3:24am | Edited 3:35am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
{quote} hi jpadvisor! could you post this indi if it is publicly available? regards
Per aspera ad astra
- #9,429
- Edited 6:31am Feb 1, 2015 6:09am | Edited 6:31am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
AUD/JPY Multi Timeframe Analysis
Monthly TF - Divergence on slow sto (100,10,10),also on RSIOMA and all ADX speeds are turned off. A ride down till the cloud is very possible. 
Weekly TF - A ride to the cloud is already done on this timeframe,divergence on 21 sto and also crossed sharply 50 level (momentum is in the air),divergence on RSIOMA also and crossed 50 level. 
Daily TF - No divergences are seen on this tf so bearish move will continue,ADX 7,21,42 and 89 are power on,all stos below 20 level,RSIOMA below 20 level. 
H4 TF - Divergence on 21 sto and also on ADX (forgot to point that out),RSIOMA below 20 level,full power ADX. 
H1 TF - Divergence on 21 and slow sto,ADX is power on but narrow expansion,this chart tells me that down move will be over soon. 
Monthly TF - Divergence on slow sto (100,10,10),also on RSIOMA and all ADX speeds are turned off. A ride down till the cloud is very possible.
Weekly TF - A ride to the cloud is already done on this timeframe,divergence on 21 sto and also crossed sharply 50 level (momentum is in the air),divergence on RSIOMA also and crossed 50 level.
Daily TF - No divergences are seen on this tf so bearish move will continue,ADX 7,21,42 and 89 are power on,all stos below 20 level,RSIOMA below 20 level.
H4 TF - Divergence on 21 sto and also on ADX (forgot to point that out),RSIOMA below 20 level,full power ADX.
H1 TF - Divergence on 21 and slow sto,ADX is power on but narrow expansion,this chart tells me that down move will be over soon.
Work smarter,not harder
- #9,430
- Edited 6:41am Feb 1, 2015 6:30am | Edited 6:41am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
AUD/USD Multi Timeframe Analysis
Monthly TF - I see a bullish divergence on 21 sto on this tf chart,ADX 7,21 and 42 are power on,speeds 89 and 144 crossed each other long time ago indicating that bull trend is over.Break of the cloud also. 
Weekly TF - Divergence on ADX and 21 and 100 stos pegged to the bottom,a bounce or reversal may be coming but still strong ADX power. 
Daily TF - Divergences all over indicators,thus this chart tells me that selling at this level is very risky. 
H4 TF - The same picture of daily tf,divergences all over indis.If you are still in trade,stay till 89 or 144 powers off. 
H1 TF - ADX speed 144 is still on
BBS + DS + RSIOMA below 50 level = a retest of the bottom
A new low will make divergence with the stos and RSIOMA,thus confirming what others charts are telling us. 
Happy trading!
Monthly TF - I see a bullish divergence on 21 sto on this tf chart,ADX 7,21 and 42 are power on,speeds 89 and 144 crossed each other long time ago indicating that bull trend is over.Break of the cloud also.
Weekly TF - Divergence on ADX and 21 and 100 stos pegged to the bottom,a bounce or reversal may be coming but still strong ADX power.
Daily TF - Divergences all over indicators,thus this chart tells me that selling at this level is very risky.
H4 TF - The same picture of daily tf,divergences all over indis.If you are still in trade,stay till 89 or 144 powers off.
H1 TF - ADX speed 144 is still on
BBS + DS + RSIOMA below 50 level = a retest of the bottom
A new low will make divergence with the stos and RSIOMA,thus confirming what others charts are telling us.
Happy trading!
Work smarter,not harder
- #9,431
- Feb 1, 2015 6:39am Feb 1, 2015 6:39am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
This posts gives lot of work but worth every click on the keyboard. 
It helps sink better my knowledge about this system.
It helps sink better my knowledge about this system.
Work smarter,not harder
- #9,433
- Feb 1, 2015 11:11am Feb 1, 2015 11:11am
This posts gives lot of work but worth every click on the keyboard.
Believe your right, till proven wrong. Doubt is the greatest enemy.
- #9,435
- Feb 1, 2015 1:14pm Feb 1, 2015 1:14pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Great analysis,keep up the good work!
Work smarter,not harder
- #9,436
- Feb 1, 2015 1:15pm Feb 1, 2015 1:15pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Work smarter,not harder
- #9,438
- Feb 1, 2015 2:40pm Feb 1, 2015 2:40pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Are you in bro? EN h1 DS..... {image}
Floating negative 150 pips but that's okay because i know that at long term view the move isn't finished.
I'll hold it with 300 pip stop loss and aim to 1.7271 (the most significant high IMHO on monthly tf).
That's a R:R of 5.7667:1 (risking 300 to gain 1730 pips).
Now imagine the discipline i need to hold this position till there.
Work smarter,not harder
- #9,439
- Feb 1, 2015 6:05pm Feb 1, 2015 6:05pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
{quote} Unfortunately yes i'm in,only noticed when arrived at home. Floating negative 150 pips but that's okay because i know that at long term view the move isn't finished.
let's see how it is gonna play out.... My TP1 is around 1.7000 ...... Yeah you are right ....holding this position till there requires tremendous discipline and stainless steel balls 
Journey is more important than destination
- #9,440
- Feb 1, 2015 6:06pm Feb 1, 2015 6:06pm
- Joined Mar 2013 | Status: No matter what, win the trade! | 836 Posts
AUD/USD Multi Timeframe Analysis Monthly TF - I see a bullish divergence on 21 sto on this tf chart,ADX 7,21 and 42 are power on,speeds 89 and 144 crossed each other long time ago indicating that bull trend is over.Break of the cloud also.{image} Weekly TF - Divergence on ADX and 21 and 100 stos pegged to the bottom,a bounce or reversal may be coming but still strong ADX power.{image} Daily TF - Divergences all over indicators,thus this chart tells me that selling at this level is very risky.{image} H4 TF - The same picture of daily tf,divergences...
Journey is more important than destination