{quote} Hello, LL! I did not take EG, but I took another GBP pair, GA, H1, long, and same as you, I waited for APB to get passed the DOL. When APB closed above DOL and above PAC with a decent sized candle, and TDI crossing with good angle, I aimed for 50 pips and I got them.{image}
{quote} Lookleft, I like your chart! Pretty simple & clean... sj
Ok...Everyone, I want to tell you a story! (true story)
{quote} Hi SJ, 6am here, checking in before I hit the road. It's good to wake up seeing you are here and reading about other people's life true story. That guy is cool, obviously he has found his way to financial freedom. When I grow up I want to be like him. I think I will read this book again. {image} cheers!
{quote} Emmanuel, Very informative charts! Couple of questions: First 3 trades : 0.2% Each? When you closed and reopened your basket, did you keep your ISL the same and did you open 0.6%? The second time you closed and reopened : again, 0.6%? and did you move your S/L here? Really like this trade example. It shows very clearly your trade management with trades based on HTF, a large S/L and build position! Best,
this week'w WS38 or next week's WS38, it is price behaviour and market timing.{quote} Hello, SJ! I cannot help but notice the following two things on your charts: 1. I do not see the indicator for MN/W1/D1 highs/lows. Do you take these levels into consideration when trading the TMS? 2.I see no stochastics on your chart. Big E used it, Big Emm advised us to use it... What made you remove it and I'd ask how trading is going without it, but I know it is going great, so I won't ask.
{quote} Hi, Yes. It is 0.2% risk per trade and always max 1% per currency pair I trade divided in to max 5 trades to get an overall average entry price. in this trade, I would not increase the risk because of the Day price momentum and range. Day looks sideways now but still good to collect some pips on this pair. On lower TF, it bounce again but nothing to do with WS38...
{quote} Thx for your reply! What I don't fully understand is the closing and reopening of positions? You keep your initial SL the same when you do this? So the trade can still go against you kind of? Or is it that you can again build position during the drawdown of this new position without averaging up your trade? I don't want to question your technique or anything but I don't fully understand it and I would love to understand this better! Could you perhaps explain this a bit more or point me in the right direction? Enjoy your day!
{quote} Hi Tibovwh, Great question, i am also studying Emmanuel's ME/ME technique. I'm still digesting it all, but i also had a similar question regarding keeping the stop loss fixed. Also, i downloaded the file you uploaded in .rar format, unfortunately it opens in office blank. May i suggest that you first export the file to PDF before compressing it as this makes it fully compatible across multiple Os's. Thanks for your efforts. Lastly, have a look at the following members post, images, and files uploaded. I think you will find he did a great...
{quote} {quote} But you must make sure there is no oncoming train. {image}
. Looking forward, thanks.
{quote} Hi Nik, Are you using a Mac? I agree that a PDF would be easier to use for all. However, when I export from OneNote to PDF the charts are compressed and it becomes unreadable. I will look how this can be resolved. Perhaps you can try opening this in a browser of any kind as it is some .HTML format. Thanks for the link. I will look at it when I have time and I will get back to you with a solution (hopefully) Best,
{quote} hey catalin, I know you asked SJ. But at some point in time, the rookie traders will no longer be rookies. Time for them to drop those learning wheels...
