As soon as you get a signal on the 4 hr. chart, only enter a new trade when the 1 min and 5 min are going in the same direction as the trade you want to enter.

Trading Made Simple(r)

The entry was correct. I don't worry too much about similar pairs. If they are pairs that I watch and I get a signal, I take the trade. Like right now, I am long the AUSUSD and AUDJPY and short the EURAUD.

Trading Made Simple(r)

At the time I entered the trade, all indicators but the Stochastics 8,3,3 said sell. Having done this for so long, I knew for a fact that the Stochastics 8,3,3 was also going to cross below the Purple 50 Line. PLUS, The Daily, Weekly, and Monthly ...

Trading Made Simple(r)

Yes

Trading Made Simple(r)

Great Job!

Trading Made Simple(r)

You're welcome. Good job!

Trading Made Simple(r)

It won't have a positive effect overall. News happens all day, every day in every heavily populated country all around the world and you can't possibly keep up with that. So let's look at it from a logical standpoint... Doing what you are ...

Trading Made Simple(r)

I agree, and I don't like the CAD much better.

Trading Made Simple(r)

Yeah, it sucks, but DON'T use a wider stop. If anything, use a smaller one, but not bigger. Just remember this: "The Best Trades Never Look Back" But you never know which trades they will be. So when you bait the hook, know going in that you are ...

Trading Made Simple(r)

I don't pay any attention to any of those things. I just do what the indicators tell me to do and I trail my stop 2 candles back unless there was a large candle immediately behind the current candle and then I only trail my stop 1 candle back.

Trading Made Simple(r)

I was stopped out on all 3 for about 20 pips each. Now I am long the AUDUSD and the NZDUSD and I am short EURUSD and the USDJPY on the 4 hr. charts.

Trading Made Simple(r)

To be successful in trading, you need what I call: The 3 M's of Trading - Mind, Method & Money Management Without all 3, you will likely never succeed at trading.

Trading Made Simple(r)

I am LONG the NZDUSD and SHORT the EURCAD and the AUDCAD, and I am currently losing on all 3...for a grand total of -8 pips. LOL! image

Trading Made Simple(r)

I can see why you view it that way. But, personally I see the weekly as being in flux, neither in an uptrend nor a down trend because some indicators are saying up and some are saying down. Mainly it's the RSI being below the Purple 50 Line that ...

Trading Made Simple(r)

You're welcome! Best of luck to you.

Trading Made Simple(r)

How is my way any more likely to have 4+ losses in a row versus the way you are doing it ? Your way initially risks 1R and so does mine. My way you can simply take whatever size unit you are using as 1 unit and break it down into 3 smaller but equal ...

Trading Made Simple(r)

He wrote: So, one would ask me what did I see to enter these trades. Next he wrote: I may not have the right word to explain what this is, but I know that the trade for the month has will be going in opposite direction soon and may reverse for about ...

Trading Made Simple(r)

It's a joke that means that you are doing everything opposite to the rules. As in: "Today we are going to do everything opposite from the way we do it every other day".

Trading Made Simple(r)

I mostly agree. Well said. Personally, the only thing I would do different using that type of profit strategy is trade in multiples of 3 units. Initially you start with your stop at -1R on 3 units - If price goes to -1R before you get to +1R, you ...

Trading Made Simple(r)

Maybe it's Opposite Day?

Trading Made Simple(r)