hi
i want to know this system.who help me to start
tnx
i want to know this system.who help me to start
tnx
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DislikedBelow are my EURUSD and NZDUSD Longs based on the rules posted earlier and basic rules of pharley. My entries running in excellent profit. But i made few mistakes also in the process. I am sharing here so that others can learn from it. (i) Don't add when your last added position running in loss. Add only when your at least one level up from last added position level. Even if you are in overall profit. Otherwise it will quickly eat up your profits and most probably you will have a quick B.E or huge loss. I did it on EURUSD when i was almost 100 pips...Ignored
DislikedReally enjoying this method! Thanks Pharley! I took this trade on NZDUSD H1. I set my target at the upper blue level, which was a resistance point on the D1. I closed it early as I am getting a bit nervous ahead of NFP. Vlad {image}Ignored
Disliked{quote} Hi Sajid, thanks for that! Can you mark you entries on the graphs please? I struggle to find your entries to check how to apply the rules. - still learning so not so easy to spot all the time Thanks! VladIgnored
Disliked{quote} Brother I don't understand what you mean exactly by Graphs? . All my trades hit the TP. Regarding EURUSD TP hitting, It was just because of NPF and luck. If it was a normal day, I was not suppose to keep my trades. Next time, I am not repeat this mistake to add positions when my last added position running in lose.Ignored
DislikedReally enjoying this method! Thanks Pharley! I took this trade on NZDUSD H1. I set my target at the upper blue level, which was a resistance point on the D1. I closed it early as I am getting a bit nervous ahead of NFP. Vlad {image}Ignored
DislikedHI all, I just looked at NZDUSD for the last 1 week - Mon to Fri - and looked for any of these simple setups on the 1hr chart. I counted 26. Using a risk:reward of 1:1, 22 of them won and 4 lost. I may have missed a few. So what does that mean in $? Assume you risk $100 on a trade - with 1:1 you make $100 if it wins and lose the $100 if it loses. That's (22 x $100) = $2,200 wins less losses of (4 x $100) = $400. Total for the week = $1800. Ok that's all of them - if I could only take a third of them - let's say 8 trades less a couple of losers still...Ignored
Disliked{quote} but r r ration should be 1:1.5 atleast then only if 4 loss means 4x1 and win means 4X1.5=6 so equal trades loss and win also will give net 2 in hand consider this .. never be equal rr.. always 1:1.5 or 1:2Ignored
DislikedThought I'd just post some pics - someone wanted some help so I drew these up as an explanation. It's about as simple as I can make it. Cheers Pharley {image} {image} {image} {image}Ignored