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Tarwada Method (My Only Manual Trading Strategy)

  • #21
  • Feb 26, 2016 7:22pm Feb 26, 2016 7:22pm
Quoting tarwada
{quote} yea it's so easy i don't understand also why some members find it complicated. congratulations dude. you took very very very nice entries. as same as mine. good luck and stay green buddy
Thanks Mate...i believe that not only good entry is imp but also risk:reward ratio is very much imp because that will give you good profit...

good luck to you too...i will post entries as i will take...
  • #22
  • Feb 29, 2016 7:18am Feb 29, 2016 7:18am
Quoting shg
{quote} Thanks Mate...i believe that not only good entry is imp but also risk:reward ratio is very much imp because that will give you good profit... good luck to you too...i will post entries as i will take...
good week start. (this is my profits on DMM , they gave me 50$ no deposit bounce and I've made extra 40 usd
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Think Twice , Code Once.
  • #23
  • Feb 29, 2016 11:34pm Feb 29, 2016 11:34pm
updated*
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Think Twice , Code Once.
  • #24
  • Edited 4:52pm Mar 1, 2016 4:25pm | Edited 4:52pm
Quoting tarwada
ok , i think there is a fresh aggressive Sell signal on AUD/USD i took the trade even before the cross confirmation let's see how it goes {image}
This Perhaps a Long entry for me when trading manual without using any indicator. My entry trigger was supposed to be exactly on recent low on H4 and Stop loss almost a 50 pips below my trigger. I hope you have not lost the Entry by a great margin. I am used to do manual analysis of Daily charts and Weekly charts on each Sunday and searching for entry on H4. I set my EA as per my analysis and stop it from being going wrong and THEN I FORGET EVERYTHING . VERY RARE LOSS.

And here is a reason that I believe Bullish on AUD.
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Forex; the game of movements not the game of candles.
  • #25
  • Mar 1, 2016 5:38pm Mar 1, 2016 5:38pm
Quoting tarwada
{quote} hala 7bibi , thank you for checking it out , i couldn't automate it (im a talented coder btw but it shows a lot of false entries when it become EA) {quote} that's normal. don't forget rule #1: Switch from accuracy to risk-to-reward. if you got 1 loss on GBP/JPY, keep your eyes Wide open for the next cross. believe me you'll recover that loss by x2 or maybe x3 in profits. also when you see a cross on daily you can double check it by viewing H4 Chart
But, what's SL? Its true in theory to say recover loss in next trades..but for that at SL must be fixed in all trades...and so as to apply it in winning trade as well....if in winning trade price touches the SL first before reaching profit target it must be considered as a losing trade...

This is not to critise..but lets put some inputs to make it a good strategy.

cheers
  • #26
  • Mar 1, 2016 7:47pm Mar 1, 2016 7:47pm
Quoting FxScience
{quote} But, what's SL? Its true in theory to say recover loss in next trades..but for that at SL must be fixed in all trades...and so as to apply it in winning trade as well....if in winning trade price touches the SL first before reaching profit target it must be considered as a losing trade... This is not to critise..but lets put some inputs to make it a good strategy. cheers
I second that.!

if we can figure out what could be the stoploss.. how many pips - or above the previous candle.
  • #27
  • Mar 1, 2016 8:04pm Mar 1, 2016 8:04pm
is there any indicator which give an alert when RSI crossover MA5 on an email.?
  • #28
  • Mar 18, 2016 8:39am Mar 18, 2016 8:39am
Hi Tarwada
You can explain. How can such indicators had together. I have two similar cases. But each. Temple are rooming with. I can not do.
Thank you
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  • #29
  • Mar 18, 2016 9:23am Mar 18, 2016 9:23am
Simple system and looks nice to get in and out without having to look at the larger picture and other such details.

I think this could be more valid when also considering candlestick patterns instead of MACD (if the goal is to aim for x # of pips). In some cases MACD filter is quite lagging and the move is almost done for the most part.

A quick visual check shows Bull/Bear engulfing or inside bars showing more confirmation to the RSI/SMMA crossovers.

Good stuff nonetheless
  • #30
  • Last Post: Mar 18, 2016 5:03pm Mar 18, 2016 5:03pm
Quoting Kavneet
is there any indicator which give an alert when RSI crossover MA5 on an email.?
++++++++++++++++++++++++++++++++


There are indicators that signal when moving average closes above/ below price in the main candlestick section of the chart. The 7,SMMA mimics what's happening in the RSI subgraph. When price closes above/below 7,SMMA (much of the time) the 21 RSI also crosses the 5,SMMA in RSI window.

The 7,SMMA is almost identical to an indicator simply called "EMA", which is in another FF thread.
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