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    Thread: MartyFish 3 in 1 Trading System Journal

    1. #1
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      Default MartyFish 3 in 1 Trading System Journal

      Spoiler Spoiler:


      As, Most of you know here that I trade a limited number of pairs i.e I trades in only GN & EN and mostly they both moves similar thus helps me in confirming my signals because a bull signal on GN should also cast a bull signal on EN.

      Now, as I trade limited numbers of pairs, so i needs to trade almost every opportunity that the pair is giving and for this I am using 3 different strategies or 3 different kinds of entries/setup to catch them efficiently.

      And, instead of using 3 different kinds of strategies seperately or independently & hopping from one strategy to other, I have merged them all together into a 1 system with which I can trade all these 3 strategies & take all these 3 types of entries/setup through it efficiently with keeping it as simple and less complex as possible.


      *My Entry :-


      1. Reversal Trading Strategy :- For Reversal Setups, I would be using Channels, Trendlines & sup dem zones to find the high probability areas from where a reversal can take place.

      2. Pivot Point Trading Strategy :- For this kind of Setups, I would be using Weekly & Monthly Pivot levels and will be using Price Action, BB(20,2) & signal candle (whose open is above/below a pivot level & whose close is below/above that pivot level).

      3. Trend Following Trading Strategy :- For Trend following / Trend continuation Setups, I would be using 2 GMTS matrix's H4 & Daily. The GMTS matrix shows Trend, Momentum, Strength & Sentiment as per the price action all 4 red means a bearish signal, all 4 blue means a bullish signal. Apart from GMTS matrix I will be using BB(20,2) & price action to take my trend following / trend continuation entries.


      *Note:-

      1. All my entries will be taken from H1/H4 and I would be using H1,H4,DAILY & WEEKLY Multi-timeframe analysis to make crucial decisions.

      2. I won't trade any of my 3 strategies setup against the GMTS Daily Matrix Signal. I would trade only in the direction of GMTS Daily Matrix Signal or would trade if there is No Clear Signal in GMTS Daily Matrix.


      *My Stop :-

      All my trades will have a fix SL & no trade will be opened without a SL. All my SL's will be placed above/below previous swing low & previous swing high.

      *My Exit :-

      My Exit would be determined using trendlines projections, Opposite Channels, sup dem zones or Pivot Levels. Apart from that I would be moving My SL to breakeven once the Price moves certain amount in profit & would also activate a trailing stop once the Price reaches near my target zone.


      *My Risk : Reward Ratio :-

      1. For Reversal Trading Strategy :- My R:R would be highest 1:3+

      2. For Pivot Point Trading Strategy :- My R:R would be 1:1 or lesser.

      3. For Trend Following Trading Strategy :- My R:R would be 1:2 or lesser.


      *Money Management :-


      1. For Bonus Account :- I would be risking 5% on a setup, till next 10 setup & after 10 setupI would re-calculate my 5% lot size.

      2. For Real Account :- I would be risking 2% on a setup. till next 10 setup & after 10 setup I would re-calculate my 2% lot size.

      After every loss, I would stop my trading and won't continue until I find my mistake & find a solution and a better way to counter/avoid that mistake & avoid taking such entries.


      *My Goals :-

      Just trade with following all my rules, trading plan & thrive to become better & better with every passing trading week. No Goals for monetary gains, only goal is to become the best possible me.


      *My 3 in 1 Trading System Charts :-








      P.S :- To Refer My This 3 in 1 Trading System, You can start referring my Journal since this Post http://forum.mt5.com/showthread.php?...1#post12688327. As, My Journal goes on, I will post my these 3 types of setups or entries accordingly which will give more insights about how I trades this system.

    2. #721
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      Quote Originally Posted by catfish007 View Post
      It is better for the traders that can master a particular means of trading very well, this is going to make sure that they are trading in the perfect means that will bring success to them. We all have to be training, any means to train is what we have to be exploring till we are satisfied with the way we are trading. We have to try everything possible to make success, and we will be happy trading our account at all time.
      success in forex trading need long time for learning. skills ,knowledge and experience is the key and forex is fruitful for those who are trading after having proper knowledge and skills, we should learn it with full concentration and should show our skills in order to get the fruitful result, i am also learning it properly and I am earning reasonable amount.

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      Quote Originally Posted by patrech View Post
      success in forex trading need long time for learning. skills ,knowledge and experience is the key and forex is fruitful for those who are trading after having proper knowledge and skills, we should learn it with full concentration and should show our skills in order to get the fruitful result, i am also learning it properly and I am earning reasonable amount.
      Even while you are trading the forex market it is very important to always take into considerations the longer term aspect so that we would not be in a hurry to start earning, but to make sure of ways to sustain ourselves first then the profits will surely come over time!
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades

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    7. #723
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      Ohh! I am surprised to that my journal got so much traffic and so many traders replied in the past 2 days that I can't manage to reply to their post because of time issues but I read all your posts and there were really some good suggestions & motivation which is just great to see. I too wish you all the best for your trading and you all do the best for yourselves & become a good great traders.

      And, one thing I would like to answer here which was been on discussion earlier, according to me, initially the traders needs to concentrate & trade 1 or limited pairs & spend a lot of time in monitoring & trading them because when you limit your focus on few or single pair then you will get a lot to know about how the market moves & what moves the market & believe me many secrets will unveiled which no one can teach you, it's just you who can teach yourself, by experiencing it personally.

      Then later it's your decision, to trade multiple pairs or stick to fewer once you have got a greater understanding of how the market moves but initially you have to focus on learning & understanding how the market moves before trading the markets to earn.


      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      There are 3 ways to get signals frequently to trade:

      1. use 1 strategy and trade many pair.
      2. use many strategy and trade one pair.
      3. use many strategy and trade many pair. Usually done by hedge fund or those with big fund. Or it could also be done by 1 trader with big fund with the help of bots.

      Same objective. Different route.
      You just solved my confusion mate, I was trying to trade 1 pair & settle down trading it with just 1 fix method but now your this post just answered my confusion.

      It's just not possible to trade 1 pair efficiently with just 1 method & to be honest, I was finding this reversal trading method harder to trade in current strong trending conditions, it would have been better if I had switched to trend following method & traded in the direction of the trend.

      So, now, as your post answered my questions, now i will trade as what you suggested

      2. use many strategy and trade one pair.


      For, this I will be now trading using

      1. Trend following system (in strong trending markets) - Here, avg r:r would be 1:2. (I would share this system in coming week.)

      2. Pivot Point trading (my earlier system that i shared in this journal) - Here, avg r:r would be 1:1.

      3. Channel Reversal trading (when I get a good confirmed reversal setup) - Here avg r:r would be 1:3.


      Thanks @supermoderator, for sharing your valuable post, as earlier i thought trading 1 pair with mulitple system would be stupidity but now your posts confirms that it's not stupid to trade many strategies.

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      Quote Originally Posted by MartyFish View Post
      Ohh! I am surprised to that my journal got so much traffic and so many traders replied in the past 2 days that I can't manage to reply to their post because of time issues but I read all your posts and there were really some good suggestions & motivation which is just great to see. I too wish you all the best for your trading and you all do the best for yourselves & become a good great traders.

      And, one thing I would like to answer here which was been on discussion earlier, according to me, initially the traders needs to concentrate & trade 1 or limited pairs & spend a lot of time in monitoring & trading them because when you limit your focus on few or single pair then you will get a lot to know about how the market moves & what moves the market & believe me many secrets will unveiled which no one can teach you, it's just you who can teach yourself, by experiencing it personally.

      Then later it's your decision, to trade multiple pairs or stick to fewer once you have got a greater understanding of how the market moves but initially you have to focus on learning & understanding how the market moves before trading the markets to earn.




      You just solved my confusion mate, I was trying to trade 1 pair & settle down trading it with just 1 fix method but now your this post just answered my confusion.

      It's just not possible to trade 1 pair efficiently with just 1 method & to be honest, I was finding this reversal trading method harder to trade in current strong trending conditions, it would have been better if I had switched to trend following method & traded in the direction of the trend.

      So, now, as your post answered my questions, now i will trade as what you suggested

      2. use many strategy and trade one pair.


      For, this I will be now trading using

      1. Trend following system (in strong trending markets) - Here, avg r:r would be 1:2. (I would share this system in coming week.)

      2. Pivot Point trading (my earlier system that i shared in this journal) - Here, avg r:r would be 1:1.

      3. Channel Reversal trading (when I get a good confirmed reversal setup) - Here avg r:r would be 1:3.


      Thanks @supermoderator, for sharing your valuable post, as earlier i thought trading 1 pair with mulitple system would be stupidity but now your posts confirms that it's not stupid to trade many strategies.

      You've made a very good thread for us that's why you're getting so much response from mt5 members. You're one of the honest person and a hard worker in our forum so we're always like to visit your trading journal thread. We've got a valuable suggestion from our respected super moderator. In few words our respected super moderator has given us a life changing tips. So here we're lucky to have such valuable suggestion and ideas. Its really nice to see that you know many good strategy which could bring more profit for you. First of all I'm glad that you've chosen a pair which can give you a lot of positive pips. Our main objective is to bring profit and whatever you know just utilize it into your trades. If you use more than one strategy into your trades then you'll get more opportunities to earn profit from the market. As your focus is only in one pair, you'll get more advantages and time to experiment with your strategy. You'll definitely able to understand the pair better by spending more time on it.

      Just find the way you're more comfortable with in doing your trades. I've experienced that we shouldn't stick with anything which restrict us to apply our mind, we must ready to act when and where required. If you know more than one good strategy then you must apply it into your trades. For us every strategy is fruitful if it can bring profit for us. I think at this point you're more clear about your next planning in the market. I was also monitoring GN for sometime, after some regular downward move it has suddenly spiked up. Now it'll be interesting to see in which direction it'll move. I'll like to see your analysis on this particular pair. Good luck bro!
      Last edited by bidyut; 01-14-2018 at 05:24 PM.

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      wow, what a nice discussion that is going on here, i think a trader that is keen of trading only one pair has made a good decision, but just one method of seeing this is a lot to swallow, there will be many times you will think you have made the wrong choice because there will be many opportunities that fit into your strategy taking place in another pair you don't trade.

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      Quote Originally Posted by bidyut View Post
      You've made a very good thread for us that's why you're getting so much response from mt5 members. You're one of the honest person and a hard worker in our forum so we're always like to visit your trading journal thread. We've got a valuable suggestion from our respected super moderator. In few words our respected super moderator has given us a life changing tips. So here we're lucky to have such valuable suggestion and ideas. Its really nice to see that you know many good strategy which could bring more profit for you. First of all I'm glad that you've chosen a pair which can give you a lot of positive pips. Our main objective is to bring profit and whatever you know just utilize it into your trades. If you use more than one strategy into your trades then you'll get more opportunities to earn profit from the market. As your focus is only in one pair, you'll get more advantages and time to experiment with your strategy. You'll definitely able to understand the pair better by spending more time on it.

      Just find the way you're more comfortable with in doing your trades. I've experienced that we shouldn't stick with anything which restrict us to apply our mind, we must ready to act when and where required. If you know more than one good strategy then you must apply it into your trades. For us every strategy is fruitful if it can bring profit for us. I think at this point you're more clear about your next planning in the market. I was also monitoring GN for sometime, after some regular downward move it has suddenly spiked up. Now it'll be interesting to see in which direction it'll move. I'll like to see your analysis on this particular pair. Good luck bro!
      Thanks, for your kind words bro.

      Though, now I think that last friday bullish spike was just a mere retracement & GN would reverse back & again start it's bearish run & would test the green zone again at least for one more time before reversing & establishing a bullish trend.

      Now, the question from where we can expect it to reverse, so i am having my eyes on these 2 zones & it has high possibility from reversing from either of them. And, plus now we have got an established descending bearish channel, so atm the conditions to trade GN looks easier than early. Because, as long as this descending channel holds the price, we will get some real good r:r reversal setups.

      Second, Now I have added Pivot Point + Bollinger Bands = Pivot Point Trading System which will give short term entries when the reversal channels are not in play & their entries would mostly be like 1:1 r:r or even a bit less.

      Third, I have added a Trend Following & Trend strength dictating GMTS matrix indicators which will help me to avoid trading against the major trend + it will give me entry signals to trade all 3 system be it reversal, pivot or trend following.

      The First GMTS matrix H4, actually shows H1 data based on H4 charts as the setting of this matrix has set very fast so that on H4 chart it gives H1 chart signals on close of every H4 chart. All 4 red / 4 blue will give me sell/buy signal entries which will be filtered & the entries only which falls under one of the 3 methods will be triggered.

      The Second GMTS matrix Daily, shows Daily chart data, it's settings are set to default & now this is my higher direction timeframe, if this Daily matrix shows all 4 red (bearish) / 4 blue (bullish) then on H4 I won't trade a setup against that & only trade in the direction of Daily matrix signal or if there is no clear signal in Daily matrix.

      According to trend following system, I will trade trend continuations setup, in a strong trending market only when Daily matrix is giving buy/sell signal & it's holding bullishness/bearishness in this kind of conditions I will look for continuations setups to trade in the direction of strong trend/momentum.





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      wow, your analysis speaks of someone that understands this pair very well, many traders try to avoid pairs that are very volatile like this gbp nzd because it can behave in a way that could hit your stop loss, but if your entry is good enough and you can get a good set up, the profits that you can make from this gn is so huge that others will envy your trading, your analysis is very detailed and that is a plus for you.

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      Quote Originally Posted by patrech View Post
      success in forex trading need long time for learning. skills ,knowledge and experience is the key and forex is fruitful for those who are trading after having proper knowledge and skills, we should learn it with full concentration and should show our skills in order to get the fruitful result, i am also learning it properly and I am earning reasonable amount.
      There is need for traders to be learning about the market, this calls for the serious trading and understanding of what the trader is doing. I am sure that if traders can work with the skills necessary for their success, they will make money after they have learned. Traders have to make sure that they learn through the demo, and they have to be seeing good result in their demo trading before they will come and try the live account.

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      @MartyFish I believe that GN is poised to start climbing soon because there is already exhaustion from the side of the bears, I can see that your analysis is topnotch trading one pair can just give you different angles about it, @Timon, MartyFish is one of those guys in this forum that knows their onions and do things differently.

      My Trading Journal: ~~~My RSI AND 200 EMA Combo~~~

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      Glad to see that you guys are discussing about GN, this pair does not fall within the purview of what I trade, I just consider it sometimes when I am flipping through charts, the volatility is something that is too heavy for me, the spikes too are something else, you think it is bearish and next moment you see a bullish candle, it can retrace and make you believe it is going to change trend.

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