The morning started with a nice clean breakout.
That's exactly what I like.
Waited for a pullback, it did but missed the seed signal. it was not for me.
then this
https://www.screencast.com/t/84zDqeoNrFi
6 Oct 2021
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
6 Oct 2021
Here we go....
The morning started with a nice clean breakout.
That's exactly what I like.
Waited for a pullback, it did but missed the seed signal. it was not for me.
then this
https://www.screencast.com/t/84zDqeoNrFi
The morning started with a nice clean breakout.
That's exactly what I like.
Waited for a pullback, it did but missed the seed signal. it was not for me.
then this
https://www.screencast.com/t/84zDqeoNrFi
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
8% Profit was possible US30
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
FX H1 - Trick to Gain MASSIVE Winners
My testing shows that overall, if you trade H1 FX, and let it run using the Box or dashed line trail you will make, overall, double the profits during the course of the year compared to the 2R target.
But even if you stick to the 2R target, you can have a slightly different plan for when the entry signal has these two criteria met.
1. Clean strong trend day, YD is a Famous day. (strong move. like in the chart below)
2. The entry signal is VERY small.
In this case, instead of the usual 2R go for 5R or 10R or just using trailing stop loss by applying the box trail or 10ema trail mechanism.
https://www.screencast.com/t/saujMeIZrr
But even if you stick to the 2R target, you can have a slightly different plan for when the entry signal has these two criteria met.
1. Clean strong trend day, YD is a Famous day. (strong move. like in the chart below)
2. The entry signal is VERY small.
In this case, instead of the usual 2R go for 5R or 10R or just using trailing stop loss by applying the box trail or 10ema trail mechanism.
https://www.screencast.com/t/saujMeIZrr
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
BitCoin Long Signals
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
USDCAD Signals
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
London Session Recap
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Keep an Eye on the SLOPE of 10/20 or Read Price
Hi
I'd like to share how I sometimes use the 10 and 20 ema to filter some signals.
Generally, I would look at the price and see what it is doing.
But you can also use the 10/20 ema to do some filtering for you.
These two slides will show you this. If you have any questions, do let me know.
Slide 1: I don't like this signal. Why? What are the objective reasons?
https://www.screencast.com/t/CTLIuPA44
Slide 2: the result
https://www.screencast.com/t/bpwm2Axf
Slide 3: this is why. This is what I was expecting. look how it went up crazy?
https://www.screencast.com/t/m609ATs5f
I'd like to share how I sometimes use the 10 and 20 ema to filter some signals.
Generally, I would look at the price and see what it is doing.
But you can also use the 10/20 ema to do some filtering for you.
These two slides will show you this. If you have any questions, do let me know.
Slide 1: I don't like this signal. Why? What are the objective reasons?
https://www.screencast.com/t/CTLIuPA44
Slide 2: the result
https://www.screencast.com/t/bpwm2Axf
Slide 3: this is why. This is what I was expecting. look how it went up crazy?
https://www.screencast.com/t/m609ATs5f
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
The Discretionary Pullback Entry - 2 Legged Pullback
Slide 1:
https://www.screencast.com/t/ahI6qyKI
Slide 2:
https://www.screencast.com/t/V2i6xxmY5nxs
Slide 3: The Code
https://www.screencast.com/t/88etQWfKgWD
https://www.screencast.com/t/ahI6qyKI
Slide 2:
https://www.screencast.com/t/V2i6xxmY5nxs
Slide 3: The Code
https://www.screencast.com/t/88etQWfKgWD
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
US Sesion Recap 6 Oct 2021
Recap US Session - 6 Oct 2021 - Market Cycle - 2 Legged Pullback etc
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 12
Re: The Discretionary Pullback Entry - 2 Legged Pullback
immy wrote: 06 Oct 2021, 15:31 Slide 1:
https://www.screencast.com/t/ahI6qyKI
Slide 2:
https://www.screencast.com/t/V2i6xxmY5nxs
Would you have entered on candle 2, or is that candle not 'bullish' enough?