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munirpt replied Dec 15, 2012Hi barloc welcome on board. regarding your trade #4 let me share a small piece of advice. Although my bias for the day was bearish, we have to be able to shift our bias if market tells us to do so (i know from my own experience that its very easy to ...
X-Man's Super Simple System
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munirpt replied Dec 14, 2012this is what can be called GREAT TRADING!!!
X-Man's Super Simple System
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munirpt replied Dec 14, 2012Hi Defiant I move my SL to BE depending on the risk of the trade(Trend or Counter Trend) and the TF in which my trigger is made. If I take a trade on 15M my SL is moved very fast to BE, because I mostly enter on retracements which allows me that. If ...
X-Man's Super Simple System
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munirpt replied Dec 14, 2012here is my chart with the setup that i was expecting.... Unfortunately got taken out at BE because of the spread!!!!! GRRRRR There will always be more markets to trade, so no big worry
X-Man's Super Simple System
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munirpt replied Dec 14, 2012edit: Got in now with 10 pip sl at same place you entered. Lets see how it goes.... edit 2: Up 8 pips, SL moved to BE. dont wanna risk anything, since we have trendline below... edit 3: taken out at BE
X-Man's Super Simple System
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munirpt replied Dec 14, 2012Hi thomi not yet for some reasons: impulse leg was very fast, so retracement can be very large. The place you entered is s logical place to enter. What i dont like is that price is above all my EMAS Also green and red are very distant. but we are ...
X-Man's Super Simple System
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munirpt replied Dec 13, 2012Just a word of encouragement. When I started Trading ( less that a year ago...) I used to do exactly the same as you are doing, writing the reasons to take the trade , reasons not to trade, put notes on my charts and analyze my mistakes after the ...
X-Man's Super Simple System
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munirpt replied Dec 13, 2012Hi Stephen The reason why I didn't consider the impulse leg that you highlighted are the following : 1 - price didn't close above my 2 emas - so not valid change of trend according to my view 2 - there was major news at 13h30 and I don't trade ...
X-Man's Super Simple System
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munirpt replied Dec 13, 2012Exactly! When the signal candle is huge, you have 4 options in my opinion : 1. Let the trade go 2. Entry at close of the candle - if it already moved a lot, you might face a major drawdown and your risk reward might not be enough to justify entering ...
X-Man's Super Simple System
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munirpt replied Dec 13, 2012Hi guys This is a chart to explain my thought process on a new way of entering the market using Dee methodology using the 15 TF. The chart is self-explanatory if you have some knowledge of price action. Would like to reinforce that you find the ...
X-Man's Super Simple System
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munirpt replied Dec 13, 2012Hi guys Just wanted to share my trade today for 25 pips, which I am very proud of.... :-) Here is my thought process. Although I saw the 1H cross of TDI + bearish divergence, I knew that there were some news about CHF at 8h30 (USD/CHF is highly ...
X-Man's Super Simple System
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munirpt replied Dec 12, 2012Hi This is just a chart to show you some retracements when price ends at an extreme of the daily candle. Most of the times, the maximum retracement you get is 38%. Sometimes it doesnt even get to 23% Hope it helps Munir
X-Man's Super Simple System
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munirpt replied Dec 12, 2012using 10, 50 and 200 ema Wish you green pips!
X-Man's Super Simple System
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munirpt replied Dec 12, 2012These are some thought to consider, although im only a newbie.... Price ended yesterday at top of daily candle. Whenever this happens, its a very bullish sign for me. Also price was above all my EMAS , so my bias was clearly bullish Also price was ...
X-Man's Super Simple System
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munirpt replied Dec 12, 2012Hi Quezoy. Unfortunatelly i cant because its proprietary from PRO TRADER NETWORK. I received it as part of a course I took from Rick, that i definitely recommend for all newbies like me. Regarding currency pairs i mostly trade EU, but im starting to ...
X-Man's Super Simple System
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munirpt replied Dec 12, 2012yap. i also saw his last message. I learned a lot on that thread as well.... Lets keep this thread going. it has been very valuable to me having advice from all the GURUs here
X-Man's Super Simple System
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munirpt replied Dec 12, 2012Most of what I know is due to you Rick. Thanks
X-Man's Super Simple System
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munirpt replied Dec 12, 2012hehe, actually im still far from that type of income.... Still trying to find my way.... You are a real guru!!!
X-Man's Super Simple System