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- Tehmut replied Jul 11, 2016
33 trades, 17 wins, 16 losses, 18% return, only 12 pips. Started trading GU, AU and NU because all of these pair have same pip value on same lot sizes. Pip value is a thing I am thinking for. By changing lot sizes in trades, I can recover my losses ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 8, 2016
Week results: 118 trades 57 wins 61 losses 32.8% return Did you like the system? Sorry I can not describe it completely.
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 8, 2016
Which one is stronger? Trendline or Support? image Lets see the big picture. image Both are very strong lines. Today stability of EU pair is projected by these two lines/levels. Expecting a big move on every side price goes more than 20 pips. I ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 8, 2016
I look at higher TF when trading on m5. See m30 chart below, and then trade on m5. Big picture always.
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 8, 2016
Waiting for candle close is very important. I dont wait for it just in two cases: a) the price hit the very strong SR level b) I am not in series of more than two losses Tehmut
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 7, 2016
I set my daily goals in profit not in pips. It is not important to me how much pips I earn daily. How much profit is enough? How much loss is enough? When you set these goals, find out that making pips does not make sense, nor win ratio. Everyone ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 7, 2016
Today results: 11 trades 4 win 7 loss 0 pips earned 3.81% return Don't try at home!
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 7, 2016
It is more conservative to make TP 3 or 4 times bigger than SL. It helps to have not big risk, but I believe that this system is profitable very good and I can trade more aggressive. Dont try my money management, if you have not experience in ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 7, 2016
0.04 lot size, SL 5 pips, TP 7 pips = 0.02 lot size, SL 10 pips, TP 14 pips If you have a problem with doubling lot size for returning back your loss (because of margin limits), you can double SL and TP. Be aware you make entry based on higher ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 6, 2016
I am trading news with no tp. Looking chart. Standard SL.
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 6, 2016
When I have enough time to trade and monitor my trades I use 5 pip SL and 7 pip TP. When I am busy I change SL to 10 and TP to 14. All these options are for 5m chart. On higher timeframes, all the stops must be higher. 15min 10-20sl 14-28tp 30min ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
Best signal for taking the trade. Both bars have wicks. Wicks must be on opposite side of second bar's direction. If bar is bearish, wicks must be above, and if bar is bullish wicks must be below bars. Second bar is bigger than previous. Green arrow ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
I must work harder on my money management, because I want to make this system profitable on small balances. Bigger drowdown means the end. Strategy is working, but the strategy is only the small part of a winning system in which money management, ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
SL hit. Problem? Not at all. Next trade with same SL and TP on the same pair with double lot size, OR same lot size with doubled SL and TP BUT ON HIGHER timeframe. I choose double lot size, because my winning ratio is above 50% and it's a very low ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
Changed my TP to 14 pips because the price has good movement. But price came back. So what's next?? Price went back but it has a S/R level on its backway also. So, it is more difficult for price to hit SL than TP. Look and wait. Or you can go and ...
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
LIVE. Is there any need for indicators?
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
TP hit. Forex is not the magic. It's a simple as we are. But what if SL was hit? I will write something about money management in my system in next days. Tehmut
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
Live example. Price was below 1.1135-40 for more than 3 hours. (see blue rectangle) Big short candle came back to this level. Let's see what's going on
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
Why I insist on going short on previous chart? Look at H1 chart! There is a 17 or 18 bars in 4 days before when price came to 1.1118 and didn't close above it. This is how Price talking to you. You must only listen and make pips.
S/R Levels, No Indicators, Price Action
- Tehmut replied Jul 5, 2016
On this chart you can see that price at left arrow didn't close above 1.11145 for 45-50 minutes. When the price reach that level, open short, sell EU. On 2nd arrow, price is below 1.1113 for a 15 minutes. So, open short and see how the price is ...
S/R Levels, No Indicators, Price Action