Strategies, Systems & Indicators

[Edward]

Ashish sorry dude , I gotta go home and take my son for some car games in mall or something similar, if I don't go now my wife will slaughter me... will catch up tomorrow..

Keep rocking guys.

Is the trade taken by me correct...

1. Currency Pair USD/JPY ... (US market open)
2.Complete Crossover happened... 3 pips above the trigger candle.
3.Adx above 22.
4.Price above MA 50

 

[ashish1802]

no issues edward....just wanted to confirm if the trade taken was correct or not...cos it turned against us.....

 

[ashish1802]

hello maidass,

its just amazing to c the profits u are making ..

For newcomers like me can u pls post the trades done by u earlier...so that we can use it as model trades and try to make optimum use of the system..

Thanks!!

 

[vssoma]

hello sanjoy i know why your trade are fail i think you are looking for biger profit as i know if you look for 10 to 15 pip it will work ok and you will get that easily and one more thing i put my stop loss always the end of cross candel so i think you will get 90 win ratio .and still have any problem than plz read the thread one more time and put you question what you are not got ok .

dear sumit,
u r right, always look for mini targets. i am achieving the mini targets.
thanks to edward,

 

[rag_bh]

Eddie and other, Can someone explain following line

Don't keep both long and short position open on overnight basis unless it is required for swing trading, else swaps charges with just chew away your profits

 

[maidass]

Thx a ton Pal.
Dominique is always wth Roark in production, in selling r if its in the broader perspective of the human-being, (God forbid) in destruction of TEMPLE OF FAITH.

It is not important what you do,
Till the time you know the
importance of doing it

 

[maidass]

Dear Ashish, from 2mrw mng i wl post al the details. number of diff trades, winning trades, loosing trades, min & max profit made etc. If It hlps ne1, my vry purpos of postng thm wl b srvd.

It is not important what you do,
Till the time you know the
importance of doing it

 

[gunavadhi]

dear seniours who are posting charts here in this topic, please mark the trades taken by you in the charts as we newbees can see where the trades are taken.the charts without marking can be get everyone of us here.na?

and if you have time and want to help us more, a writeup about the trades taken along with charts will be more helpful in understanding ...

thankyou all especially eddie bro....

 

[ag_fx]

no issues edward....just wanted to confirm if the trade taken was correct or not...cos it turned against us.....

I cant see the chart that you posted, but one the very fundamental rules you should learn while trading is to ACCEPT your LOSSES. No system will give you a 100% strike right. Sometimes, when we enter trades that our system has generated, it seems that this will be a sure winner based on various parameters that our system tells us and then..it looses. And we stat wondering, what happened. A few thoughts that would first crop in your mind would be:

1. Did i take the trade correctly? Did I miss something?

2. Does the system works well? Is it reliable?efficient?

3.Man..It went +10 before going to -25...I should have exited at +10..

and several other such feelings and EMOTIONS. A continued series of loss and our search for HOLY GRAIL will restart.

Remember this, if you have backtested your system and have an idea of its accuracy, you will never doubt your system. Because, you will know that if it has 70% strike rate and you had last 3 trades as loosers, the chances are the next 7 trades are gonna be winners and thus you wont quit. But, this is when you have spent enough time on backtesting and building confidence on your system.


You may ask me, what is the point of such a long post.

I would say...go to trading with a mindset of taking a few losses. With a system like that of Edward, your winners will take over your losses. See for yourself were all the conditions of trade met, when you entered the trade? if yes, smile and wait for next signal.

All the best.

 

[sanjoy_roy]

hello sanjoy i know why your trade are fail i think you are looking for biger profit as i know if you look for 10 to 15 pip it will work ok and you will get that easily and one more thing i put my stop loss always the end of cross candel so i think you will get 90 win ratio .and still have any problem than plz read the thread one more time and put you question what you are not got ok .

Sumit,

I am not looking at big profits. May be around 10 pips or so. Not even getting that.

Thanks,
Sanjoy