Trading Made Simple

Quoting mousteven

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My DUMB AUDJPY Daily ME/ME trade summary (2/17~2/22): My Initial Entry was 81.655 LONG on D chart, 2/17. SL line calculated using 2* ADR(100 days), it came out 79.187, however. it was above the low of MN WRB, so I adjusted it to 78.911(below the low of MN WRB). 2 buy limit pending orders triggered. So, total of 3 ME, Each add on was 0.5 ADR in distance. The dumb thing I did.... I closed them all before LO, with almost breakeven. Because I thought the trade was invalided because it had been consolidating for few days (D chart).. and would like to...

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Quoting omonisha

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{quote} right click your profit then profit as points {image}

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Quoting pete.alfa

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{quote} Hi mousteven If you don't mind Please share your weekly BBP to us so we can work together on ME/ME from initial buy to build & run. Regards,

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Quoting emmanuel7788

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{quote} We need more than a pair of good eyes when we want to succeed as traders. Attention to details is very important and being meticulous in everything we do will make big difference. How I learn from other traders posts. I read what they write which usually describe their thought process and what they see on this charts. Often I see posts made by traders showing their winning trades, I read what they describe in their posts and try to relate that on their post chart. Often I read things they wrote which can only be seen in hindsight. This is...

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Quoting ItaTrader93

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Just sold EURGBP, do you think is a good setup? {image} P.s. At the time i took the trade, che Green/Red cross was clearer, TDI repainted.

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Quoting Lookleft

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{quote} Had the APB actually closed before you entered and the TDI actually crossed and not just touched. The Synergy_Pro_TDI doesn't repaint as it is real time. If you look back along your entry line you will see that it is right on a zone of S/R and against the trend. It is always advisable to wait until the APB closes and you get an actual TDI cross. You might also want to add a 5ema (shift3, typical price) and enter after the APB closes below/above it. This will mean you are not trading on small APBs and with some momentum. Don't give up on...

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Quoting ItaTrader93

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{quote} Many thanks for your answer. I maybe missed something, what APB stands for?

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Quoting teslaYoung

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Today's ME/ME close trades for EUR/AUD, total gain 477pips. Price just broke Fibo 50.0 line and reached the last swing low on the daily chart. In addition, the APB daily candle has already run for 7 red candles, and its 7th candle (today's candle) has a big body showing the very strong downtrend momentum, tomorrow may have some retracement. Also my trading plan expected 5-8 APB candles for this pair, so I closed all my trades for this one and avoided the risk. I will be patient and wait for another opportunity to re-enter. {image}

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Quoting mousteven

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My DUMB AUDJPY Daily ME/ME trade summary (2/17~2/22): My Initial Entry was 81.655 LONG on D chart, 2/17. SL line calculated using 2* ADR(100 days), it came out 79.187, however. it was above the low of MN WRB, so I adjusted it to 78.911(below the low of MN WRB). 2 buy limit pending orders triggered. So, total of 3 ME, Each add on was 0.5 ADR in distance. The dumb thing I did.... I closed them all before LO, with almost breakeven. Because I thought the trade was invalided because it had been consolidating for few days (D chart).. and would like to...

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Quoting kevinfeng

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{quote} Maybe anyone who make BBP plans and agree to share them can uploade here from now on. EMMA`s BBP plan help me a lot. all of us can learn from other`s idea, work together and improve our skill of MEME money management method. just my two cents

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Quoting mousteven

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{quote} I think good setup on EA , EC and EN for W1 are forming, and bearish divergence are seen. But this week's candle has not closed yet. Maybe we should start looking good entries on D1 chart now?

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Quoting tibovwh

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{quote} Nice one TY! Your first retracement order: Is this exactly 0.5*ATR(100) above your first entry? Are you handling your trades with EA or did you place these orders manually? Also, the re-entry orders today were spaced quite close together, if I am seeing right. Howcome? Great Week 7 Summary also! How many baskets is this in total and what %-return per trade approx? Best,

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Quoting rupasi

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Question for you Emman about re-entries. I am hesitant to enter trades that arent in the first one or two APB's, even though there is plenty of opportunity. What mental checklist do you use to reduce your risk? I would be looking for exhaustion, major support/resistance levels, ADR, possible entry on lower timeframes as you would use for ME/ME entry, strong tdi in my direction and all other TMS signals as you teach. What else? How do you exit your position trades? I gather those must be a category you don't share with the group? Are the profit/loss...

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Quoting teslaYoung

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{quote} Hi tibovwh, I add more trades based on three conditions, 1. Current price must have at least 1/2*ADR (100days) distance from the last entry price. 2. Wait at least 4 hours since last entry. 3. M15 TDI crossover confirmed. I am using my EA to add the trades (something like a trade manager) so I have more time spending in my work, and check charts every 4 hours My re-entry orders should satisfy all the conditions mentioned above, which pair are you referring to? I didn't calculate the % return per trade, my every 20 days goal is 10%. I currently...

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Quoting Goodolday

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{quote} Hay emma i lil bit curious,when u chart said 147 pips it is on 5 digit broker isnt it?

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Quoting mousteven

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{quote} Good morning Big Emm: This one Post 60,218 also relates to what you said here. I think it's great. And also definitely add the 10 things on my To Learn list. I have few questions: Can you share with us what are the phases should we go through before trading a live account of $50,000? like trade with $5,000 first if consistently profit for 6 months, then trade with $10,000 and then 25,000 and so on.. How can we trade without too much emotion? How do we ease our...

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