Eur Simple Trades High Risk Journal -
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thread: Eur Simple Trades High Risk Journal

  1. #21
    Junior Member inaoxlkrayda's Avatar
    22
    GBPUSD shows div on the 1hr. This one can develop fast.

  2. #22
    Junior Member inaoxlkrayda's Avatar
    22
    GBPUSD shows div about the 1hr. This one could grow.
    I took a little scalp off this move 12. When I looked more carefully I might have gotten in earlier on 15 min chart showing same div. Exit because of concerns about news later, and because divergence is off a downtrend thats shaped, in a weird loion. She's trying to pop up over DP. Convincing break over there and I am back in long.

  3. #23
    Junior Member inaoxlkrayda's Avatar
    22
    I took a tiny scalp off this movement 12. When I looked carefully I might have gotten in earlier on 15 minute chart revealing div. Exit early because of concerns about news later, and also because divergence is off a downtrend thats hardly formed, at a place. She's hoping to pop around DP. Convincing break over there and I am back in longterm.
    Wow, was perplexed by the reaction of EU and GU into the news, therefore chose to stay out, even though my system pinpointed the transaction. Some ing about intervention...

    Part of the game is learning to trust your setups, and with confidence.
    --------------------------------------------------------------------

    Anyway, this system has been updated using a divergence tool that automatically finds divergence and lets you know where the long or short trade is, and also a pivot tool. The pivots are good.

    Like all indiors, this divergence finder just does half of the job. You must do the other half, by weeding out the good signals it provides you.

    The number 1 means to do that is using the MACD. I can not stress enough how important it's to see the move very close to the zero line before entering a transaction.

    When buying, you need to see -60 or greater on the MACD. RSI should be at even greater or 50.

    When selling, you need to see 60 or less on MACD. RSI ought to be less than 50.

    If RSI has struck 70 or 30-, ie overbought or oversold level just before you have your signal, this is a bonus. Its not totally neccessary, but at least it should indie having come close to those amounts.

    The Div finder appliion will pick up almost all significant intraday moves on the 30 minute chart or the hourly chart. One will overlook it, but the other picks up it, between the two of these, they receive all the motions. The 30 minute chart is better at discovering intraday stuff. Proceed smaller than the 30 minutes at your personal risk.

    Settings to the DIV finder Ought to Be changed. It has some fib numbers on it, replace them with standard numbers:

    12, 26, 9. (though if you download the template and set it on your chart it might load with the correct amounts, just check the readout)

    Anyway awaiting next week and finding some great setups. Tommorow should be wild. Must tread cautiously, but if I find anything great I will post.


    Template should look like the screenshot.
    https://www.cliqforex.com/attachment...1438898314.ex4
    https://www.cliqforex.com/attachment...122091926977.1
    https://www.cliqforex.com/attachment...4891624301.tpl

  4. #24
    Junior Member Whera's Avatar
    3
    Hi Steve,

    Nice that you just realized the large risk issue, I´m going through the same thing. The problem by risking a lot of is that after a few loses you start doubting on your own system and it affects your confidence, even if you try something new. I believe that the secret is carrying it serious how big is your account, sometimes we could say: oh it´s just 100 dollars. . But when we can preserve that 100$ how could we do it better with 100.000$??

    That´s a fairly nice system you developed, stick to it long enough and work on your own MM.

    That I ´ll do the same. .

    Good Luck man.

    Red.

  5. #25
    Junior Member Whera's Avatar
    3
    Yes thats the truth Red. Could not have said it better myself. I plan to stick to it, refine, improve in all facets of trading, my system-it and MM does have guarantee. Thanks for stopping by my buddy!
    Nice signature.

  6. #26

  7. #27
    Junior Member inaoxlkrayda's Avatar
    22
    First trade has only been put. Its entry Eur/Usd at avg. 2172, 2 admissions 10 cents a point each for a total of 20 cents a stage.

    Market ought to be in corrective mode tonight.

    Chart shows growing bull fatigue on 4hr. Trade goal somewhere hopefully just above my current TP the Daily R1 2275. All relevant levels have been posted on charts. (Levels courtesy actionforex).

    SL down at the 50% fibo 2105 or so. 100 point gain potential vs. 70 point loss fits pretty well into my scheme-20% vs. about 14%.


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