Trading Made Simple

Quoting emmanuel7788

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{quote} Hi mkfx, SMART Cut Loss is a trade management method used in a proprietary trading system which does not run in MT4. I follow the methodology for a few years and have adapted that trade management exit strategy in my forex trading using my Multiple Entries /Multiple Exits ME/ME strategy. I have my own indicator which helps me look at the cut loss levels when I have open positions. If there is interest, I can run live trades next week and show how the SMART Cut-Loss work with ME/ME trades. It does not work with Singe Entry/Single Exit or...

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Quoting farhad10

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{quote} Hi Tss Be careful of buying Gold ! Gold is going to complete it's 5 wave in the channel an I think it will fall to 1120 That is also the bottom of the channel and 61 Fibo ! regards {image}

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Quoting bigpips

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Very interested to see/learn how you make Smart Cut-Loss work for you. Cheers {quote}

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Quoting Hpt

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{quote} Yes you are right, but hit now range week low {image} green pips

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Quoting emmanuel7788

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GBPUSD H1 now we be careful with that LO candle. what does that look like to you? who wants to make money on this today? I am going to jump out soon. Edit: add chart .. APB/HA with small body {image}

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Quoting stefan17

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{quote} I ran with this trade, my analysis showed me that short termed traders, and long term inverstors was very bearish and it was going down more, didn't knock it out of the park but not to shaby, it was the only trade I took yesterday as my ball and chain JOB (Just over broke) lol, interfered with my trading. Nice little FYI, I made more money with this trade, as what I did at my job yesterday, stuff like this that gives me hope for the future, and if you work hard, keep learning your graft and growing and not give up, it is definitely possible...

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Quoting adikashyap

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{quote} GU has been printing more of Doji's n consolidating for almost 2 weeks ... Not on my radar till that consolidation is broken to either the side ............

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Quoting emmanuel7788

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{quote} Hi mkfx, SMART Cut Loss is a trade management method used in a proprietary trading system which does not run in MT4. I follow the methodology for a few years and have adapted that trade management exit strategy in my forex trading using my Multiple Entries /Multiple Exits ME/ME strategy. I have my own indicator which helps me look at the cut loss levels when I have open positions. If there is interest, I can run live trades next week and show how the SMART Cut-Loss work with ME/ME trades. It does not work with Singe Entry/Single Exit or...

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Quoting emmanuel7788

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Over OFAMA lunch today, we had a few guest traders to share and talk about trading. One new chap spoke on how he traded for a living, his trading system, and that he makes on average 500pips each week 5 trading days trading just AU, EU, GU, EJ and UJ and that grew his account 30% every week. When asked about what is his account size, he mention a nice figure. On hearing that account size, the leader in the group told him to cut his crap. What do you think that figure was? OFAMA = One Friday A Month Affair

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Quoting emmanuel7788

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{quote} Hi Festus, The market hunts me too they way it hunts you. Many retails traders are losers in the long term. The statistics say 95%, I don't know if that 95% is accurate but the percentage of losers far outweigh the winners over long term. You look at the number of new brokerage firm in the recent years, what do you make of it? One of the problem I see with TMS traders is how they position their trades and the use of initial stop loss. Many trade with very small account and do not use position sizing. They trade with single entry and single...

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