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watch this video. can be interesting

Steve Walker
walker36
Jan 16 2012 at 11:46
1341 posts
my Mind Set for manual trading:

1- dont get upset for missing a winning trade. Better Trades Down The Road.
2- I stop trading for sometime in the case of rule 1
3- trust your self but not Too Much
4- try to guess the next move of market. this is like a chess game but one sided. ( market does not need to guess trader next move )
5- exit when you reach the Profit level. dont change it.
6- exit when you reach the loss level. dont change it.
7- watch market and get the mood before start trading.
8- stat with target Risk level then decrease it after reached the daily goal. keep trading with 1/10 Risk level.
9- there can not be a trade taken for some days. this does not mean that there will not be in the coming days.
10- always trade withe the experienced pairs.
11- always watch news.

10 pips a day make a huge profit at the end of the week.

Steve Walker
walker36
Jan 17 2012 at 19:50
1341 posts
greetings
Last 4 days I traded as I had mentioned with earlier posts as semiautomated with 1 min chart and with 3angular pairs EURUSD GBPUSD EURGBP.
I traded only the patterns from memory and had quite successful.
there is no certain rules apart from mind set as this MA or that MACD or what ever. instead I am using most common indicators with default setup ( to determine patterns more clear but most of the time I use bars ) + TL which calculated and drawn by an EA. this gives me a lot flexibility and different exit and entry points and strategies.

I will keep posting you can also follow from _somehow if you wish.

walker

Steve Walker
walker36
Jan 18 2012 at 11:26
1341 posts
I must confess that I was not expect that much success with the new semiautomated trading. fortunately it is working well.
the Lot differencies are the result of my Risk management. the lots are between 0.01 to 2.00. I dont use grid. what I use is with some trades average entry Price. also closing trades when reach the target Loss.
The main point is I watch screen every second of trade and react according to market behaviour change corolated with 3angular price actions.😇

Steve Walker
walker36
Jan 18 2012 at 15:10
1341 posts
the order entry is %90 with reverse price move. so this eliminates the slippage and reverse it to my favor. how I do it is I check entry and exit points with Tick Chart.😎

Steve Walker
walker36
Jan 18 2012 at 15:11
1341 posts
that reverse entry and exit is not easy as this is against trader mood but when trading with patterns and guessing the next move +- 10 pip this gives that advantage to me.

Steve Walker
walker36
Jan 18 2012 at 15:16
1341 posts
I will soon share my automated TL EA with you when completed as open source. this is not executing any order or any other executions.only TL.

Steve Walker
walker36
Jan 18 2012 at 20:28
1341 posts
personally proven. trade the red circled areas. watch the chart every tick and change strategy with every move if needed.
unfortunately I could not code this algo as EA due patterns are the combination of sometimes 5 fractals or 50 fractals. this needs a very complicated coding and at the end there is no guarantee of success but semiautomated it is working well.

BUT there is no chance of opening a trade and leaving it alone. when trades active trader must be active and watching charts and news.





Steve Walker
walker36
Jan 18 2012 at 20:30
1341 posts
TIME is IMPORTANT. TIME is the one of the most important variable.

Steve Walker
walker36
Jan 18 2012 at 20:32
1341 posts
when I feel ready I will start posting the patterns you can trade. as I had mentioned before there is no certain rule. you can create your own trading style.

Steve Walker
walker36
Jan 19 2012 at 10:07
1341 posts
Patient Pay$$ Off ( for me at 1 min chart ) 😄

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