it all depends on your trading style. how much you can tolerate and how much you trust your own indicators. for a man to make money in this business, one must be able to trust himself. only then will he be able to make a living. different people ...

My own developed benkyalate system

if you are using any template starting from "forgiveme" or older, the picture that you posted is not a valid entry. the candle average is not pointing in the right direction.

My own developed benkyalate system

godfather template / gbpusd/ 4h chart — image looks like a possible entry soon. waiting for stoch to show a reversal and ill enter. happy learning.

My own developed benkyalate system

it does look like a valid short signal. i believe this is the leo template? i dont remember the older templates looking like that. I would however wait for the stochastic to show a reversal. This is especially more important for shorter time frame ...

My own developed benkyalate system

Follow the general cog rule. Exit when you hit the middle blue line. What i like to do is to open 2 lots. When it hits the blue line i close 1 lot. I let the other lot run. That way, if it reverses i would have taken some profit out of the table. ...

My own developed benkyalate system

Yes, that is what i'd do. in fact that is what I have done to eu/usd. I also entered a trade similar to yours and it went against me 300 pips. I opened up 2 more shorts for a total of 4 lots. What i then do is, cut loss for the 2 bad trades. At some ...

My own developed benkyalate system

lol definately true, the trade went against me. I definately need more practice. I noticed at that time when i took the trade that candles didnt indicate a reversal. There was no clear indication that it would reverse. Stochs didn indicate a ...

My own developed benkyalate system

image short 2 lots.

My own developed benkyalate system

oh don't worry i understand that this system is most suited for 4hour time frames. i just want to understand the system better. my point is if the trend is changing, how do we know based on this system? it takes a while for the indicators to ...

My own developed benkyalate system

hey guys, i got a question. how do you determine if the trend is changing directions? cog says always trade in the direction of cog. so if the band is curving down, trade shorts. if the band is curving up, trade longs. what about the in between? ...

My own developed benkyalate system

Hoho good job btw what brokerage are you using? im looking for one as well. I would like to fund a live account by december. Also, i just made 8k on paper today with this system. Salut oan

My own developed benkyalate system

hey mcfly, your oan template seems different from mine. did you change the values of any cog indicators?

My own developed benkyalate system

lol same. waiting for the candle to end to place a short.

My own developed benkyalate system

me 2 btw, for the exit trade, i decided to open up 2 lots. when 1 reaches the blue line ill close 1 lot. ill let the other ride. i need to get the hang of this. thanks

My own developed benkyalate system

proper exit >_< — Hi oan, Got any tips on how to exit a trade? there has been a lot of discussions about how to enter the trade but not enough on how to exit... again like i said, exiting the trade is very personal. everyone have ...

My own developed benkyalate system

behof, I would like to know how you exit a trade based on this setup. I have been using your grandfather template on 1 min. I always get the right entry but i still have some problems finding the exit. I know this depends very much on trading style ...

My own developed benkyalate system

Hi guys, Ive been testing this system since the start... and based on my observation, 1)oan template is very sensitive 2)godfather template is less sensitive 3)i didnt use po2 because i feel godfather is better 4)i didnt use other templates because ...

My own developed benkyalate system

Hi guys, I've been following this thread for the past week almost since it started. First of all, I must apologize for repeating the same question so many times... I'm a new trader and I really don't understand(or still unsure of) some things. My ...

My own developed benkyalate system