Thanks for your examples.It s long.I can understand parts.You show me something different I never knew .
Studying…
no problem
it’s long because there are a lot of screen shots
it’s not actually that long in terms of text
also which parts did you not know ? out of curiosity
perfect response. Thank you!!
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can it be a system or strategy to trade?
Including longing and shorting rules.
for more,cant it be retestting?to get winning rate or more dates.
hi mate, can i ask you a favour,
which part of that MASSIVE WALL OF TEXT WITH PICTURES are referring to when you asking me
i mean, i did say that you can formulate a strategy from it
and yes indeed you can use this to trade
but what are you referring to ? Let me know so that i can better answer your question… ok
thanks for your response.u know I speak english not very well.
I just want to know ,anyone can use your
bollinger bands picture to trade.be a system?
I understand… it’s ok
and so you know, you say it like this… I DON’T SPEAK ENGLISH VERY WELL
now, that aside
i understand, it’s ok, not a problem
all i was saying was… you need to ask me what you want to know about it.
now, if you are asking a general question like, can anyone use it… OF COURSE THEY CAN
if they have Eyes and can see pictures and can understand what i’m explaining… YES, ANYONE CAN USE IT
but also understanding when i wrote this, I DID NOT INTEND FOR IT TO BE A SUPER DUPER 100% FOOL PROOF SYSTEM
i just gave A SMALL INSIGHT OF SOME BASIC CONCEPTS , that’s all it is.
this stuff is not a secret, but yes, YOU CAN INCORPORATE THIS, you can build on it and BY ALL MEANS… i encourage you to build on it and tweak it
but as a foundation… yes this will help you figure out when to stay out and wait, when to buy, when to sell etc.
it will keep you safe to a point, along with good money and risk management,
the foundation of my system is based on this system , so yes, it definitely works
but HOW YOU USE IT , is up to you
now as for this…
my system is not a BOLLINGER BAND SYSTEM
the main point i was illustrating actually, was the Range Box
yes, i also Use Bollinger Bands (2 SD and 3SD) i also Use Heiken Ashi candlesticks (the Green and Yellow Candles)
i do not heavily rely on the Bands (just so you know) i do rely more on HA’s than BB’s
but this Box Range system thing, This is a big part of what i do (along with a lot of other stuff)
so i would suggest you focus more on the range than the Bands
Good.your timeframe is huge.
Is your account huge too?so most trader can’t trade for a living as they just make a
gamble game.
Infact I trade for a few years,but lost and lost.Maybe my strategy is wrong for it’s frame too small.
I want to study and know more.can you
introce me some books about system trade,teach me back test,identify any strategys or systems.thanks.
There are a lot of things about me that are Huge 
(Now. let’s be honest, … You just opened the gates for that joke)
but the serious answer…
i don’t like to discuss my account with people
- first, because it’s no one’s business
- Second, what’s the point, What difference does it make to you ? Nothing
i would probably say… Use your imagination
i have stated many times that i have been trading for 7 years and profitably for around 3 years approx.
i have also stated that i am financially free from forex… so… Regardless of what my account balance is. I’m good financially. THAT’S ALL THAT MATTERS
and when a newbie asks this question, its not important as to whether i drive a lamborghini or have a house in the Hills.
and for the record ( i Drive a Nissan Navara UTE) Better than any Lambo hehe
but the point is… Newbies ask these questions because they want to know IF THIS WORKS
the answer is YES IT DOES
now as for this…
this is your opinion. and this is debatable . so… yeah
well. if you gamble , it’s a gamble
if you are consistent, it’s consistent income
ok, if you are trading for a few years and you are losing,
- You are certainly DOING SOMETHING WRONG , Find what the SOMETHING is
- i don’t know your strategy, so i can’t say if it’s wrong or not
Why don’t you try this out what i posted and see if it works or gets better… see what happens
i recommend… DO IT FOR A MONTH and see what happens ON DEMO
now… if you are that bad as you stated, i’m willing to bet that you’ll probably see an improvement of some sort.
if you don’t, then YOU DID SOMETHING WRONG. because i can use THIS SYSTEM with no other indicators, and at the very least, i can not lose or break even
so… if you can’t, then it’s something that you are doing wrong.
hehe
well. why don’t you try what i posted then.
also… why don’t you get google out and do research on books and systems and what not
that’s how we all learn, WE SEARCH FOR THE ANSWERS
good，demo first.see it,identify it.
@anon81929759 I start to bigger frame.I short Eurusd @1. 2371 sl 1.2471 tp 1.2271
severl hours ago,the price hit the tp!Achieved 100 pipes.
Its amazing after changing to bigger frame.Although it s not real account.
hehe
and … there you go mate. You now understand huh ?
You’re Welcome, I’m proud of you for realizing this… GOOD WORK
now just this one thing… though
YOU’RE SUPPOSED TO BELIEVE THAT IT IS A REAL ACCOUNT
YOU HAVE TO MAKE IT REAL IN YOUR MIND. so that when you lose … IT FEELS REAL… this is important
do not make a differentiation between Demo and Live… Treat them both as LIVE, as if it was real money, because if you think about it… IT IS REAL MONEY AND IT WILL BE.
let’s go on.
Look at Audusd.It is maybe a trend.
3 and more candlesticks in range,and then down breaked lower band.
Short Audusd @0.7820
sl 0.789380
tp 0.7720
Mate… Question ?
Why did you short this in the first place ?
in the future, when there is a drop like this and then it goes back up again like it did
THEN IT RETESTS TO THE LOW SIDE AS IT DID (i mean if that’s not a give away… hehe i don’t know what is)
and then goes up
EXPECT IT TO COME DOWN AGAIN
and when it does
BUY LOW
i mean… Look at that rally up
it came back to the half way point.
then it started ranging
clearly it’s a pull back
now. yes it could go both ways, but it’s more logical to say that if it’s ranging , that you would wait for the bottom of the range then BUY
i mean if we even look at your sell entry, it’s in the middle of the range
if you are going to sell… YOU WAIT UNTIL THE TOP OF THE RANGE THEN YOU SELL HIGH
you never buy or sell a trade in the middle, that’s the worse thing you can probably do
this is why it’s hitting your stop loss now
my advice… to get your money back
wait until it gets to the bottom of the range
put a BUY order in
put your stop loss a little below that lowest point in the range
Put your T/P where you current S/L is or even higher if you like, but below the highest point of the range
and you’ll find you’ll rack in between 60 - 80 pips
if you can afford it , put in a lot size of 0.20 instead of 0.10
that way you’ll get your money back
and in the future try to recognize the obvious signs
Like i said
it’s not how you clean your trading room
it’s how you trade in your trading room.
hitted the stop loss price.
that’s right… @dudupips of course it did.
here… let me help you out a bit ok.
LET’S DO SOME BASIC LOGICAL ANALYSIS
(and this is not by any means and exhausted list of things, FYI, i’m not even going to consider news or correlating pairs)
so. You’re trading AUD USD right on DAILY timeframe
ok
first lets’ look at Monthly for direction
as you can clearly see the overall direction / Trend is UP
and can we make this logical assumption
FACT : if price drops below that red line, you can say with some degree of certainty that it’s on a run down.
so that’s point #1
Now let’s look at Daily
The green line is where you got stopped out. i’m just putting it here as reference… ok
now look at this
you should have drawn a trendline like this and concluded that if price goes below it it’s on a run down.
AS IT DID
you then wait for it to form the bottom and then draw another lines like this
you now conclude this…
FACT : if that bottom red line is not breached, Price can only do 2 things
Thing 1. it can go down ONLY TO THE RED LINE then continue going along the red line UP
Thing 2. it can only go UP
Makes Sense ? right ?
but, if it breaks the red line. You wait for it to form the next bottom section (double bottoms) if that’s what you want to call it.
so WE KNOW IT’S GOING UP… so… don’t fight it . You are Trading Long… ok
that being the case, you need to establish and entry point and risk
this is what you now do…
Now. i’m going to add a fib chart for 1 REASON ONLY…
TO SHOW YOU WHERE THE HALF WAY POINT IS ON THE RALLY UP (The 50% Line)
can you see it
can you also see how when the trend was going up IT TOOK A BREAK AT THAT POINT
and you aslo see how it came back to this point
yes it went down to the 61.8% sure, but it went back up again
it then retested the same bloody point on that spike down
then came back to it… HOW MANY HINTS DO YOU NEED 
now that you know the 50% Mark, let’s put a black line there and get rid of the Fib chart
let’s also draw a lavender box and divide it in half
and then into quarters
NOTICE… THAT THE BOTTOM BLACK LINE WHICH IS THE HALF WAY POINT OF THE UPTREND ALSO MARKS THE BOTTOM QUARTER OF THE CURRENT LAVENDER BOX
the lavender box is representing the range that is now happening
the black line that is near the green line is the MIDDLE LINE of the range
YOU NEVER ENTER ON THE MIDDLE LINE
the middle line is like the safety point for the price if you will.
Price does something… it then goes back to the mid line
IN TRADING YOU ALWAYS HAVE 2 DECISIONS TO MAKE
ARE YOU WAITING FOR SOMETHING ?
if YES… then Wait for it
if NO… Then put a trade down
if you are not waiting for anything and you don’t have a trade down YOU ARE TRADING INCORRECTLY.
now HERE ARE YOUR RULES SO YOU DON’T GET STOPPED OUT
you wait until price comes back down BELOW THE BOTTOM BLACK LINE
aka… INTO THE “BUY AREA”
hence, you are buying into Weakness
or if you are selling
you wait for the price to go up to the sell area then you sell ABOVE THE BLUE LINE
BUT NEVER ENTER IN THE MIDDLE AREA (this is the area where you put your TAKE PROFITS
so… Buy Anywhere in the Buy Area (Aim as low as possible) but, anywhere is fine
then put your Take profit AT LEAST on the middle line if not above it, but NOT MORE THAN HALF WAY BETWEEN THE MID LINE AND THE TOP BLUE LINE (don’t get cheeky, don’t get greedy) ok
but you never ever ever enter at the mid line… that’s just plain stupid
so now that you understand
let me give you a setup ENTRY, STOP LOSS AND TAKE PROFIT OK
ENTRY = YELLOW LINE
TAKE PROFIT = DARK BLUE LINE
STOP LOSS = RED LINE
I WOULD PLACE THE ENTRY AROUND 0.7788
for the following reasons
-
it’s below the black line in the buy zone
-
it is touching 2 Low Points which means that if this range continues it will almost certainly revisit these points.
-
if it doesn’t, you have no risk and the trade won’t be triggered (sorry, i’m assuming this is a PENDING ORDER)
-
if it gets triggered IT IS HIGHLY LIKELY that price will increase
Now if it does not
this is where we place our stop loss
STOP LOSS = 0.7720
i place the stop loss here BECAUSE
-
it’s outside of the range area
-
the distance from the entry to the stop loss is 68 pips
and for the record spread = 1 pips, but lets assume 3 pips just to be safe… so we need to account for 71 pips -
i put it here because I DON’T BELIEVE THAT IT’S HIGHLY LIKELY THAT PRICE WILL HIT THIS POINT
NOW we have 2 Outcomes here
- I could be wrong, in which case i lose 71 pips
- i could be correct WHICH IS MORE HIGHLY LIKELY
hence RISK MANAGEMENT SAYS that I am more likely to profit than to lose over say 30 trades.
so now it’s really just a question of LOT SIZE
so Use 71 pips as a guide
factor in your account balance
deduct your Nominal Margin from the Account Balance
then from that total
find 1% of that total
and from that … FIND YOUR LOT SIZE
Make sure the risk is acceptable
NOW JUST TO TAKE A GUESS.
YOU DID 0.10 LOTS BEFORE, and you got stopped out and you said… THIS IS BAD
so i would say Lower it maybe to 0.05 perhaps
BUT I’LL EAVE THAT FOR YOU TO FIGURE OUT
now as for the take profit
i would probably put it somewhere here
see what i mean, Just above the line but not too high
so the distance between Entry and Take profit is 106 pips
and IT WILL HIT
if you buy it that low, it will almost always come to the centre line
BUT WAIT THERE’S MORE
NOW don’t just be an idiot who let’s it run, because it could come up in profit , just touch the centre line and not reach your T/P… right?
then it could come back down and hit your S/L
so… do this
if the distrance from Entry to Take profit = 106 pips
then , When you get 15 pips in profit… MOVE YOUR STOP LOSS LINE TO BE +1 Pips in profit
then if the price goes 30 pips in profit… MOVE THE S/L to +10 pips in profit
and for every 10 that price moves from here… MOVE IT UP ANOTHER 10 pips
IF YOU DO THIS… YOU CANNOT LOSE
if it hits your Stop Loss YOU WIN
if if hits your Take Profit YOU WIN
you are only really at risk of Loss for a short period of time
now… if it hits your Stop Loss anyway… well. YOU GOTTA SUCK THAT UP and start over
but, if it does… it means it’s going lower and YOU GET A BETTER OPPORTUNITY
does this help you my friend
CAN YOU NOW SEE HOW , WHAT YOU DID WAS SILLY
you bought right on the mid line… hehe
and you traded upside down.
won’t don’t you try this for a bit and see how you guy… AND TELL ME THAT THINGS DON’T GET BETTER
it’s not rocket science.
in a few posts you’ll be like THANKS DUUDE
You’re Welcome mate
@anon81929759 U are a good teacher.
Its long .Maybe I should print it out .
Today I didnt make any trades.
it looks long because of the images
but DOES IT MATTER,
as long as you learn why your stop loss was hit… right ?
mate, you are basically making the classic beginner mistake, you are upside down.
and if you stay like this… brokers will love you because you will always lose, eventually you’ll have a few wins and you’ll get excited, but overall you will lose
then 2 things will happen
you will continue to lose
or
you will quit
so… trading how you are trading now… leads to loss
i have also over simplified the explanation so as to not throw too much on you at once, but , you can definitely base a winning strategy on what is here alone
yes i suggest you print it out and learn what i have said and apply it
let me know how you go
also BE PATIENT
if you miss a run, don’t worry, there will also be another
let the market show you what it’s doing, don’t try to predict what it’s doing
figure out where you want to enter and wait for it.
find safe places to put stop losses, don’t put them in the middle . that’s a guaranteed stop take out, even if your prediction is correct, you’ll still lose
also dont’ place your stop losses closer just so you can increase a lot size
instead
place your stops at safe places and adjust your lot size to suit your budget
Bollinger bands is derived from the middle line which itself could vary based on whether you are going for 1, 2 or 3 SD. And once the band has been prepared, the focus comes to the band and middle line becomes somewhat redundant. So, nice observation. Keep going…!