rules for the thread
1. before asking silly questions like (hindsight is always nice) go read the full thread, quite often we post trade ideas and structure shifts before they happen and disguss our trades.
2. AFTER you have read the entire thread feel free to ask all the questions you want. as you progress on the thread pages, other members from the forum who trade a similar style may have proposed some more advanced or delicate technics alongide my structure and explained a lot of stuff.
3. i may have started this thread but i have found a lot of support from other members who either learned to trade like this in just a few months or already traded this system. they have helped this thread develop (koop, snail69, shcertzi are the one that come to mind, among others). respect them
4. please dont post pictures with silly indicators on the chart (if its below the charts, thats alright), the concept is prety simple, you dont need them and when asking for advice we like to see your charts clean
rules for trading
1. never risk more than 1% of your account in a single trade, EVER. if you think you do not have enough capital, go to a prop firm and get funded
2. with this system you can get 2 good and clean trades every day, you will look for them and them alone. if you win 1 of them (worst case scenario) thats +0.5% in a day. a year has 220 trading days. if you dream that with 1k you can become a millionare you can forget it
3. dont be gready you will loose it all
4.only 1 trade at a time or one swing and one scalp, never 2 swings or 2 scalps. all pairs are coorelated
5. for starters, focus on one pair and learn its behaviour. a lot of people here trade GU, i prefer eu, but you can trade eurnzd, it doesnt matter as long as you learn its behaviour witch is important, and what levels does it respect
-----------------
what is market structure? higher highs, higher lows, lower highs and lower lows
you've seen this on youtube i guess
now, i will not post signals or live trades, that is up to you to do it, i will not be held responsible for anyones fortune or demise.
----------------
same rules can apply for breakout trades but they are not of interest in this thread, it requirs too mych screen time
------
rules to buy,
1. we want to see a higher high, from now on refered as HH
2. we want to see a retest of the low
3. we either wait for confirmation or we just buy
4. stop below the previous swing low
5. tp at 1.5rr (DO NOT BE GREEDY [email protected] ) although you will see that with this system and patience constintent 3r trades are possible , sometimes even 7r+, but the 1.5r brings you to the game, when you learn the game you can target more
rules to sell
1. we want to see a lower low (LL)
2. we wait for the retest of the high
3. we either wait for confirmation or we just sell
4. stop above the previous swing high
5. tp at 1.5rr (DO NOT BE GREEDY [email protected] ) although you will see that with this system and patience constintent 3r trades are possible , sometimes even 7r+, but the 1.5r brings you to the game, when you learn the game you can target more
i will now let the pictures do the rest of the talk with some examples.
ps. this system is best for 5m-15m london session. you may use it as you see fit. on most pairs it is excellent on 4hrs timeframe but the setups are far and few in-between
ps2. i do not care about news and fundamentals, i only trade charts. news ussually (whatever the outcome, drive the trade in my direction)
ps3. try to focus on 1-2 pairs and master them. when you do, add more pairs to your arsenal
ps4. i will try to keep it as simple as possible and will not post unreasoneble for this system trades, no matter if i take them or not.
-----------------
to master this system, just go to tradingview and do replay mode, it is the only way.
i will be here to answer questions, not give signals.
dont use indicators, the only thing you need is a clean chart with the zoom i have.
--------------
EDIT. IMPORTANT
The only tool you should ever need. the best in its category, i found it on another forum
it is a risk calcutor, alow dll imports and ea advisors, put it in you ea folder and reopen mt4.
free ofcourse
looks like this
and its an ea
you just choose buy or sell, (or pedning), drag the lines for sl and tp, set the risk you wanna take and press the button
1. before asking silly questions like (hindsight is always nice) go read the full thread, quite often we post trade ideas and structure shifts before they happen and disguss our trades.
2. AFTER you have read the entire thread feel free to ask all the questions you want. as you progress on the thread pages, other members from the forum who trade a similar style may have proposed some more advanced or delicate technics alongide my structure and explained a lot of stuff.
3. i may have started this thread but i have found a lot of support from other members who either learned to trade like this in just a few months or already traded this system. they have helped this thread develop (koop, snail69, shcertzi are the one that come to mind, among others). respect them
4. please dont post pictures with silly indicators on the chart (if its below the charts, thats alright), the concept is prety simple, you dont need them and when asking for advice we like to see your charts clean
rules for trading
1. never risk more than 1% of your account in a single trade, EVER. if you think you do not have enough capital, go to a prop firm and get funded
2. with this system you can get 2 good and clean trades every day, you will look for them and them alone. if you win 1 of them (worst case scenario) thats +0.5% in a day. a year has 220 trading days. if you dream that with 1k you can become a millionare you can forget it
3. dont be gready you will loose it all
4.only 1 trade at a time or one swing and one scalp, never 2 swings or 2 scalps. all pairs are coorelated
5. for starters, focus on one pair and learn its behaviour. a lot of people here trade GU, i prefer eu, but you can trade eurnzd, it doesnt matter as long as you learn its behaviour witch is important, and what levels does it respect
-----------------
what is market structure? higher highs, higher lows, lower highs and lower lows
you've seen this on youtube i guess
now, i will not post signals or live trades, that is up to you to do it, i will not be held responsible for anyones fortune or demise.
----------------
same rules can apply for breakout trades but they are not of interest in this thread, it requirs too mych screen time
------
rules to buy,
1. we want to see a higher high, from now on refered as HH
2. we want to see a retest of the low
3. we either wait for confirmation or we just buy
4. stop below the previous swing low
5. tp at 1.5rr (DO NOT BE GREEDY [email protected] ) although you will see that with this system and patience constintent 3r trades are possible , sometimes even 7r+, but the 1.5r brings you to the game, when you learn the game you can target more
rules to sell
1. we want to see a lower low (LL)
2. we wait for the retest of the high
3. we either wait for confirmation or we just sell
4. stop above the previous swing high
5. tp at 1.5rr (DO NOT BE GREEDY [email protected] ) although you will see that with this system and patience constintent 3r trades are possible , sometimes even 7r+, but the 1.5r brings you to the game, when you learn the game you can target more
i will now let the pictures do the rest of the talk with some examples.
ps. this system is best for 5m-15m london session. you may use it as you see fit. on most pairs it is excellent on 4hrs timeframe but the setups are far and few in-between
ps2. i do not care about news and fundamentals, i only trade charts. news ussually (whatever the outcome, drive the trade in my direction)
ps3. try to focus on 1-2 pairs and master them. when you do, add more pairs to your arsenal
ps4. i will try to keep it as simple as possible and will not post unreasoneble for this system trades, no matter if i take them or not.
-----------------
to master this system, just go to tradingview and do replay mode, it is the only way.
i will be here to answer questions, not give signals.
dont use indicators, the only thing you need is a clean chart with the zoom i have.
--------------
EDIT. IMPORTANT
The only tool you should ever need. the best in its category, i found it on another forum
it is a risk calcutor, alow dll imports and ea advisors, put it in you ea folder and reopen mt4.
free ofcourse
Attached File(s)
Trade Manager EA.ex4
232 KB
|
1,904 downloads
|
Uploaded Mar 23, 2021 6:43pm
looks like this
and its an ea
you just choose buy or sell, (or pedning), drag the lines for sl and tp, set the risk you wanna take and press the button
offering my system to copy trade. check my thread