Observation is the path to discovery.
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- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
Hennis Extreme TMA System 98 replies
Happs with TMA Trading Journal 25 replies
TMA Reality Tour 114 replies
MTF TMA 287 replies
SnakeForce - simple TMA with alert? 3 replies
DislikedVery good advice!
I myself monitor 6 pairs with maximum spread of 3.2 pips...
Happy pippin',
OlarionIgnored
DislikedGreat to wake up to 101 pips!!!Now if I was still up I could have taken the reversals on each one and doubled that, 200+ in one night!!!!An Ea would be valuable just for such an occasion. I am not strictly an EA trader , but they can be handy when you aren't available to take a trade.
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Dislikedhi guys!
i have been trading this kind of system a long time a go with very good results, i like to use normal bars with the HA colours, it helps if you know PA and you can have better entryes. i use it from m1 to m15 and monitoring h1,h4 and d1
@ Alorente: can you please explain us how you do a recovery trade in the m15? thank you so muchIgnored
DislikedGPB/USD looks to be setting up nicely for a buy signal soon.....Ignored
DislikedYou can do it either way. I use 100 pips for each recovery trade, but this system allows you the second option you mentioned of entering the second order at the next signal the system gives you. Both are valid. The keys in recovery are:
Making sure your original position is a small percentage of your account. I use 4%, others use 2%, etc. If your original amount is too large, you will lose the capacity to maneuver and place recovery trades.
Making sure your first recovery trade is not too close to the original price level. If it is, again...Ignored
DislikedIīll check out your charts when I have some time. I posted a document that specifies everything about recovery trades. It is a must read. I posted it yesterday afternoon. check it out.Ignored
Dislikedi am in toousually not trading 15min charts... but trading 1h charts only can be boring so i try it out
Alorente, not sure if it was answered before, but how many bars do the MA Histogram can repaint as it seems to be more than one or 2 bars?Ignored
DislikedWhen you say 4%, how do you calculate this ?
i figure it's not base on the risk if a sl is hit as you don't use sl but recovery trades...Ignored
Dislikedhola Alfredo!
i allready read the doc but i think 100 pips its based on h4 charts, do you use 100 in m15? i have been thinking on recovery trades a long time a go and im thinking to use it in m15 and m5 but i dont know what levels i should use.
Saludos desde Mexico!!!Ignored
Dislikedhola Alfredo!
i allready read the doc but i think 100 pips its based on h4 charts, do you use 100 in m15? i have been thinking on recovery trades a long time a go and im thinking to use it in m15 and m5 but i dont know what levels i should use.
Saludos desde Mexico!!!Ignored
Dislikedyes it can repaint at least 2 bars
and you have the clear and dark color for each blue and red
read post 1 for explanation on that indy
but doesnt matter if it repaints to decide the entry
onlyr the last bar already closed is to look at the colorIgnored
DislikedIn my case i use 50 to 1 leverage. 1 lot on EURUSD requires 2,000 euros of margin. If for instance this imaginary account is 50,000 euros, 4% of that will allow me to enter a 1 lot trade (2000 euro margin) Itīs true I donīt use a stop loss but I use several accounts, one for each position. So if I have a trade on for one lot with 2000 euro margin and the drawdown brings that down to 0, that account is closed automatically, thus limiting my loss to a maximum of 4% of my account balance. many big traders use this "Box" system instead of stop losses....Ignored
DislikedSo basically don't follow the "rules of engagement" for your system if we get a valid trade signal? Where is the discipline in that?? Al, I respect your system and I thank you for it! However, I pay no attention to fundamentals. I am strictly a technical based trader. I trade what I see. Thanks for the heads up though!Ignored
Dislikedyes it can repaint at least 2 bars
and you have the clear and dark color for each blue and red
read post 1 for explanation on that indy
but doesn't matter if it repaints to decide the entry
only the last bar already closed is to look at the colorIgnored