xard777 wrote: Thu Jul 08, 2021 1:10 am Here is my latest template for everyone's perusal.
As always, don't be greedy, be consistent.
It is not rocket science folks, it's easy peezy lemon squeezy.
Just take a little bit of meat off the bone each trading day.

I setup four charts showing 1min, 15m (trading chart), 4hr & Daily so I can see the big picture.
You can easily trade this in an Up market as well as in a Down market.

Enjoy!
Xard777

flandria wrote: Thu Jul 08, 2021 4:26 am Which way where you trading at the US Open ? I'm sorry but I feel lost !?

XARD: On the 15m chart the bias is coming off the bottom Large White Dot (which was the old square, just changed to a circle so you are looking to be buying off green dots) and both trades were UP BUY trades. You do not want to trade against the bias even though we had the large down move (too risky). In fact price kept going up after I came out of my second trade, but instead of being greedy I simply booked the pips by taking a bit of meat off the bone and I am out with little to no risk and I just rinse and repeat each day. Every day I leave tons of pips on the table and it used to bother me but now I do not give it a second thought. My daughter always says Dad, place a stop and let it run but I never do as I am happy with booking what I have and move on. No one ever went broke taking a profit.

Musashi wrote: Thu Jul 08, 2021 11:00 am Thank you so much Xard. Excellent work.
Many thanks to the community as well.

After months of reading and following and testing, I am starting to focus on being more consistent with my results.

Last week I had Thursday and Friday with just under 4% on each day. Yesterday 5.13% and today 6.29%. All just on AUS200.

I found it too hard and confusing to look at multiple indices, so narrowed my focus on one for now.

When I get greedy I give some back, so it's not all roses at the moment, but wholeheartedly agree it is about consistency. To that end, I find looking at the spreadsheet every day helps with this.

I will not be greedy. I will not be greedy. I will not be greedy. I will not be greedy. I will not be greedy.

josi wrote: Thu Jul 08, 2021 5:05 pm entered after the first red candle below PP
exited at S38 - much too early as it turned out
so: bad exit strategy
(doesn't have anything - whatsoever - to do with greed;
a) if you lose a trade you want to exit as quickly as you can (when it is clear the trade is invalid)
b) if you win you want to exit as late as possible (just before or when price turns around)
But what do I know?)

phillip123 wrote: Thu Jul 08, 2021 6:41 pm Can you please upload your .tpl I like how clean it is

francisfinley stimpy wrote: Thu Jul 08, 2021 7:35 pm turning my keyboard upside down.