DislikedI might just call it a week at +4% seeing as we are sitting right on the daily EMA again.Ignored
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DislikedI might just call it a week at +4% seeing as we are sitting right on the daily EMA again.Ignored
Disliked{quote} And if we was as good as Nala then 2% a day is scary. {image}Ignored
Disliked{quote} yeah insane numbers! Think I'll stick with +5%/month myself.Ignored
DislikedI think we need a little discussion on profit potentials because it is all very well to plot an annual outcome, but the reality is often quite different. 1) There are many days throughout the year I simply do not trade. I am looking for all the attributes of a trade to be in place if I don't see them, I don't trade. Then there are times when even the best laid plans simply fail to come to full fruition and the inevitable stop out happens. We are not dealing with certainties at all, anyone claiming that is just plain nuts. My job is to keep the math...Ignored
DislikedI think we need a little discussion on profit potentials because it is all very well to plot an annual outcome, but the reality is often quite different. 1) There are many days throughout the year I simply do not trade. I am looking for all the attributes of a trade to be in place if I don't see them, I don't trade. Then there are times when even the best laid plans simply fail to come to full fruition and the inevitable stop out happens. We are not dealing with certainties at all, anyone claiming that is just plain nuts. My job is to keep the math...Ignored
DislikedI think we need a little discussion on profit potentials because it is all very well to plot an annual outcome, but the reality is often quite different. 1) There are many days throughout the year I simply do not trade. I am looking for all the attributes of a trade to be in place if I don't see them, I don't trade. Then there are times when even the best laid plans simply fail to come to full fruition and the inevitable stop out happens. We are not dealing with certainties at all, anyone claiming that is just plain nuts. My job is to keep the math...Ignored
Disliked3) Often there is a power struggle going on and we see at the lower time frames all the EMA's begin to bunch up. This is precisely the situation I avoid getting involved with, I want the exact opposite to be happening and see all the EMA's starting to spread apart. Most often we will see the EMA's bunch up during the Asian sessions and the breaks during the London sessions.Ignored
Disliked{quote} Here is where I get a bit lost. If we wait for the ema's to spread apart on the m5 chart before taking a trade, a big part of the move has already happened.Ignored
Disliked{quote} No, we don't wait. We have already waited for the EMA's to bunch up. We look for the signal to start them spreading again. If we are wrong, we lose a little bit. If we are correct, we compound the winnings. We want to see a bear div take it across the EMA and then find bear support to make its run and watch all the EMA's roll over short.Ignored
Disliked{quote} And if it doesn’t cross the EMA expect a HH. Get to BE at least so no loss trade. The next Bear Div could be the big one.Ignored
Disliked{quote} Kerrect. I enter with target and stop. Move stop to just short of the div. Then move the stop again to BE+1 as price approaches the EMA. Then start to look for additional entries. I may extend my target if time permits.Ignored
Disliked{quote} About money management, here is my motto: "it must help me survive until the end of world". My method is simple in good day, i increase risk. Bad day, reduce risk. For example: my deposit is 1000$. I'm risk 10% and in bad time, i loss all: mean i'm loss 100$ and the remain = 900$, i will reduce my risk again. Another 10% of 900$ and if thing bad, i'm loss all again: mean i'm loss 90$ and remain = 810$. Another new 10% of 810$ and loss all --> mean loss 81$ and remain = 729$ and i can continuous to infinity For good day, again with...Ignored
Disliked{quote} And there is my problem, letting the trade run. I have tried both ways. Let the trade run to TP or hit my BE. Or Spot the next M5 divergence and close the trade for a few pips to discover the divergence is a fail to cross the EMA and the trade keeps going my way. Then to make things worse I panic and get in again to find the divergence is good and it crosses the EMA. Then instead of closing I believe it’s a M15 EMA bounce and hang on a bit longer. It’s a struggle I need to resolve but something is working as I get pretty good weekly...Ignored
Disliked{quote} Sorry I have been so long, but I cannot find the reference to this in any of my books, I know I have read it in one of them. You cannot continue to infinity. You can no longer trade when you cannot cover the cost of a lot. There is stuff missing from the equation. What pip distance represents your 15% to 20% gain? What pip distance represents a 10% loss? As your account gets smaller so does your ability to buy lots. By the time you get to 50% loss you only have half the money to get back your losses. You now need a 100% gain to get back...Ignored
Disliked{quote} I concur with this one Nala. I have blown many a demo account over the past 5 years using ideas like this. Stick with the 1% per trade and aim for 2% win for the day. I will post an indi this weekend to show 1% available equity on the chart. AIgnored