NEVER go against the Daily trend
- #6,446
- Edited 11:05am Feb 2, 2015 10:54am | Edited 11:05am
- Joined Jun 2009 | Status: Trader | 2,430 Posts
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DislikedAlright guys, here is my trade statement for last week ,These trades are taken based on Nihilist method only, but based on the weekly and daily trend,ive tried many methods which can be found in FF, most methods works very well in a trending market. the problem with new traders is ,they dont see the major trend and trade along with it. in the end they blame the system. im posting it here so that the newbies can have the confident . pls take your time to Analise the trend, trade along side the trend ,not all signal is valid signal. {image}Ignored
Disliked{quote} I see the idea behind most winning trades is keeping big SL, i noticed your SL quite big and i think this is why i am loosing coz i am putting small SL??Ignored
Disliked{quote} If you are trading from H4 chart then you certainly cannot use 50 pip for SL. It has to be at least 2*ATR - 100 pip for GBPUSD, 140 pip for EURCAD, etc. And this is at least! But from your last results I see that your entries are also wrong. You cannot buy in overbought situation. I suggest to use Rowshan for filtering. It is pretty good for this.Ignored
Disliked{quote} Also, you are absolutely right my enter are wrong but i am not sure about the overbought and oversold territory, where i can find Rowshan indi and how to use it.Ignored
Disliked{quote} Don't take conclusions . It's FIRST DAY OF THE MONTH . They need to make a LOW / HIGH of the month before going back at their original way . For me was also a bad day , but I will not close my positions until I see a clear reversal !Ignored
Disliked{quote} Thank you Indrek, it's a new learning for me to use SL in this way. I really appreciate this. Also, you are absolutely right my enter are wrong but i am not sure about the overbought and oversold territory, where i can find Rowshan indi and how to use it.Ignored
Disliked{quote} I see the idea behind most winning trades is keeping big SL, i noticed your SL quite big and i think this is why i am loosing coz i am putting small SL??Ignored
DislikedAlright guys, here is my trade statement for last week ,These trades are taken based on Nihilist method only, but based on the weekly and daily trend,ive tried many methods which can be found in FF, most methods works very well in a trending market. the problem with new traders is ,they dont see the major trend and trade along with it. in the end they blame the system. im posting it here so that the newbies can have the confident . pls take your time to Analise the trend, trade along side the trend ,not all signal is valid signal. {image}Ignored
Disliked{quote} Don't take conclusions . It's FIRST DAY OF THE MONTH . They need to make a LOW / HIGH of the month before going back at their original way . For me was also a bad day , but I will not close my positions until I see a clear reversal !Ignored
Disliked{quote} now okay we have the indicators to tell us his a probability for a set up trade but not yet a trade ,you have to have another confirmation to execute the trade why you enter the trade where his the momentum do we trade with the trend what the perspective of that currency interest rate then a much are you ready to lost some many criteria all of that come with experienced . or you will blow your live account in no time some days his no trade to enter some days the trade come to you so take the opportunity, you have to found out your self with...Ignored