Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit
  • Amazed
  • Amused
  • Angelic
  • Angry
  • Asleep
  • Bashul
  • Bitchy
  • Blah
  • Bored
  • Breezy
  • Brooding
  • Busy
  • Buzzed
  • Chatty
  • Cheeky
  • Cheerful
  • Cold
  • Confused
  • Cool
  • Crappy
  • Cynical
  • Daring
  • Dead
  • Devilish
  • Doh
  • Doubtful
  • Drunk
  • Fine
  • Flirty
  • Goofy
  • Grumpy
  • Happy
  • Hot
  • Hungover
  • Innocent
  • Inspired
  • In_Love
  • Lonely
  • Lurking
  • Mellow
  • Paranoid
  • Pensive
  • Psychedelic
  • Relaxed
  • Sad
  • Scared
  • Shocked
  • Sick
  • Sleepy
  • Sneaky
  • Stresses
  • Tired
  • Twisted
  • Worried
  • Yeehaw
  • Reply to Thread
    Page 89 of 95 FirstFirst ... 84 87 88 89 90 91 94 ... LastLast
    Results 881 to 890 of 947

    Thread: MartyFish 3 in 1 Trading System Journal

    1. #1
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,799 Times in 456 Posts

      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. #881
      MT5 Resident
      I am:
      Happy
       
      balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut has much to be proud of balut's Avatar
      Posts
      5,747
      Accumulated bonus
      1754.28 USD (What is this?)
      caught pokemons
      1 (What is this?)
      Thanks
      1,188
      Thanked 1,499 Times in 545 Posts

      Default

      Quote Originally Posted by MartyFish View Post
      Thanks for the encouragement but still 20% risk per trade pressure is enough to make you go off track & unfollow your rules. And, surely here, only discipline & patience to handle the pressure & trade with high accuracy, will help me to get going.

      Had applied for a deposit in a new account yesterday through bitcoin got it deposited, thanks for instaforex bitcoin rates, I got more funds deposited in my account then I was expecting. I was expecting around $1050 (as per live btc rate) for 0.124 btc but got $33 more i.e instaforex gave me best rate of around $8700 for 1 btc.

      I would be trading this project in a seperate real account with $1083.00 starting capital and will also be trading my bonus & other real account normally with 2-5% risk per trade as usual.

      Exicted to trade with high risk in this account, my first target now would be to achieve a 100% return i.e $2000+ balance or capital.

      I would be updating my account statistics periodically & will keep the journal updated about it.
      We almost have the same situation where I traded other accounts with different risk level from 5% - 20% but I do average risk of 10% on my Instaforex bonus account. It's true that using high risk reward ratio strategy can ruin our usual trading plan due to greed.

      Congrats on your new live account $1083. May I know how many months you will need in order to reach 100% return or $2000 balance?

    3. Forex Game
    4. The following 5 users say Thank You to balut for this useful post.

      Leonvic90 (02-13-2018), MartyFish (02-13-2018), Oghale (02-13-2018), Unregistered (2)

    5. #882
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,799 Times in 456 Posts

      Default

      Quote Originally Posted by balut View Post

      Congrats on your new live account $1083. May I know how many months you will need in order to reach 100% return or $2000 balance?
      It depends on my performance.

      With 20% risk per trade, with 1:1 r:r trades, it will take just 5 consecutive trade wins to make a 100% return or just 1 good trade of 1:5 r:r, or 10 consecutive winning trades of 2:1 r:r.

      If there is a loss in between then it will increase the amount of time. So, I don't know exactly how much time it will take, it is solely based on my performance & market conditions.

      It can take 1 trade, 3 trades, 5 trades, 10 trades, 20 trades or even more.

      Though, my average number of taking trades in a month is around 4-8 trades per month. So, depending on that if I perform above average it should take less than 2-3 months to hit $2000+ capital level or a 100% return.


      P.S:- A SL hit will slowdown the process. Thus, my ultimate goal is to trade without hitting my SL, for this I will take highly confirm entries, I would move SL to breakeven as soon as possible, I would even trail my profit as it's possible, I would close my trade in small loss/profit immediately if trade starts going against me or I have found that I have picked a wrong entry or if something is looking fishy.

    6. The following 4 users say Thank You to MartyFish for this useful post.

      Alexander Tatsumaki (02-13-2018), balut (02-14-2018), Leonvic90 (02-13-2018), Oghale (02-13-2018)

    7. #883
      MT5 Maniac
      I am:
      Cool
       
      Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki has a reputation beyond repute Alexander Tatsumaki's Avatar
      Posts
      3,303
      Accumulated bonus
      2174.20 USD (What is this?)
      Thanks
      2,369
      Thanked 6,066 Times in 2,195 Posts

      Default

      If with 20% risk per trade with 1:1 r:r trades it will take just 5 consecutive trade wins to make a 100% return or just 1 good trade of 1:5 r:r, or 10 consecutive winning trades of 2:1 r:r.
      at least it will be fun ... or not but we will find out!

      it will be interesting to read about your mental reaction to this high risk trading. i am right now making popcorn!

      The Symbiosis mashed up Trading Journal
      <--

      You will find ideas and ideas about trading and sometimes other things such as me talking about my breakfast. Remember always eat two breakfast, double sugar = double power!

    8. The following 6 users say Thank You to Alexander Tatsumaki for this useful post.

      balut (02-14-2018), MartyFish (02-13-2018), union12 (02-15-2018), Unregistered (2), Vikine (02-13-2018)

    9. #884
      My charts talk to me!
      I am:
      Relaxed
       
      Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale has a brilliant future Oghale's Avatar
      Posts
      725
      Accumulated bonus
      214.52 USD (What is this?)
      Thanks
      1,367
      Thanked 1,770 Times in 364 Posts

      Default

      It is horrible to see that we can risk as much as 20% on a single trade, no matter how accurate our analysis is for the market, there is always a thin line between being stupid and being wise, there is a serious deceptive power that is embedded in the forex market, once we get deceived that nothing can go wrong with an individual trade, it means we have already experienced an entrapment that will make us regret why we took a bad decision, forex is not a bed of roses, what you see can change the very next moment, why expose yourself to so much risk in the name of greed.

    10. The following 8 users say Thank You to Oghale for this useful post.

      forexguy9 (02-13-2018), Leonvic90 (02-13-2018), MartyFish (02-13-2018), Neriah (02-13-2018), Unregistered (4)

    11. #885
      It's time to retire!
      I am:
      Happy
       
      forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9 has much to be proud of forexguy9's Avatar
      Posts
      15,399
      Accumulated bonus
      3481.61 USD (What is this?)
      caught pokemons
      2 (What is this?)
      Thanks
      837
      Thanked 1,256 Times in 485 Posts

      Default

      Quote Originally Posted by Oghale View Post
      It is horrible to see that we can risk as much as 20% on a single trade, no matter how accurate our analysis is for the market, there is always a thin line between being stupid and being wise, there is a serious deceptive power that is embedded in the forex market, once we get deceived that nothing can go wrong with an individual trade, it means we have already experienced an entrapment that will make us regret why we took a bad decision, forex is not a bed of roses, what you see can change the very next moment, why expose yourself to so much risk in the name of greed.
      honestly, being rigid about money management is one area where most forex traders are lacking. 20% is huge, for sure, but that still make sense. there are traders, including myself who trade 200% o more on a single trade. not that it works for us, but we are damned addictive to greedy trading. we need to correct that area for sure.
      ''Too many times we settle into a set way of thinking and accept limitations that need not be placed on us'' -John C. Maxwell

      Hedging Edge: Heading For $6 Million!

    12. The following 5 users say Thank You to forexguy9 for this useful post.

      Leonvic90 (02-13-2018), MartyFish (02-13-2018), Neriah (02-13-2018), Unregistered (2)

    13. #886
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,799 Times in 456 Posts

      Default

      Quote Originally Posted by Alexander Tatsumaki View Post
      at least it will be fun ... or not but we will find out!

      it will be interesting to read about your mental reaction to this high risk trading. i am right now making popcorn!
      Yes, it will be fun for sure for the readers & even for me if I am making right moves but the tense moments will come when I will deviate from my trading plan due to the pressure of losing or being on the wrong side.

      I know it sounds insane & greedy but it's not random. I have a plan to work according to.

      I know the pressure will be immense but at the same time it will be fun. Here, I would need a 80-90% hit rate to come out on Top, that's the only way. If I want to win then I just have to keep winning mostly everytime (& that's the real pressure).

      Sure, you can bring your popcorns. But, I can't gurantee you how long my this movie (trading account) would last or entertain you.


      Quote Originally Posted by Oghale View Post
      It is horrible to see that we can risk as much as 20% on a single trade, no matter how accurate our analysis is for the market, there is always a thin line between being stupid and being wise, there is a serious deceptive power that is embedded in the forex market, once we get deceived that nothing can go wrong with an individual trade, it means we have already experienced an entrapment that will make us regret why we took a bad decision, forex is not a bed of roses, what you see can change the very next moment, why expose yourself to so much risk in the name of greed.
      Yes, it is horrible to risk 20% per trade & that is why I have mentioned in my post, Don't try this, unless you can afford to lose your capital.

      But, for me, I have a plan here, I can take the tolerance of trading 20% risk per trade & I can hit a 80% win rate overall if I traded with discipline & patience & if somehow I makes it work then I would increase my $1000 capital into a much bigger capital in a couple of months, that's the target.

    14. The following 7 users say Thank You to MartyFish for this useful post.

      Alexander Tatsumaki (02-13-2018), Leonvic90 (02-13-2018), NikitaBelle (02-13-2018), union12 (02-15-2018), Unregistered (3)

    15. #887
      Moderator
      I am:
      Cheerful
       
      NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle has a reputation beyond repute NikitaBelle's Avatar
      Posts
      40,463
      Thanks
      40,412
      Thanked 25,648 Times in 7,310 Posts
       Black Frame Talent: Daily Contest of Demotivators on MT5.com Forum

      Default

      Yes, it will be fun for sure for the readers & even for me if I am making right moves but the tense moments will come when I will deviate from my trading plan due to the pressure of losing or being on the wrong side.

      I know it sounds insane & greedy but it's not random. I have a plan to work according to.

      I know the pressure will be immense but at the same time it will be fun. Here, I would need a 80-90% hit rate to come out on Top, that's the only way. If I want to win then I just have to keep winning mostly everytime (& that's the real pressure).

      Sure, you can bring your popcorns. But, I can't gurantee you how long my this movie (trading account) would last or entertain you.

      Me too, I will bring my popcorn, hahaha. Good thing that you have a solid plan for this bro Marty. And you will trade with your live account, this is exciting! Since this is your live account am sure you will trade much riskier or safer? or depends with the situation? High risk trading is doable if you are mentally prepared for what will happen after the ride. Good luck and more profits for you bro.

    16. The following 4 users say Thank You to NikitaBelle for this useful post.

      Leonvic90 (02-13-2018), MartyFish (02-13-2018), Unregistered (2)

    17. #888
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,799 Times in 456 Posts

      Default

      Quote Originally Posted by NikitaBelle View Post
      Me too, I will bring my popcorn, hahaha. Good thing that you have a solid plan for this bro Marty. And you will trade with your live account, this is exciting! Since this is your live account am sure you will trade much riskier or safer? or depends with the situation? High risk trading is doable if you are mentally prepared for what will happen after the ride. Good luck and more profits for you bro.
      Yes ofcourse.

      I will be trading with high risks here (20% risk per trade) as safely as possible because my entries / setups will be very strong (mostly unless if I am wrong) + I would be monitoring them on candle to candle basis & would be ready to take immediate action to cut my losses or take my profits. My Ultimate goal here would be to avoid my SL getting hit & get a winning rate of more than 85%.

      Still anything can happen & I can burn down my account very fast at this 20% risk per trade but if I didn't then I will be turning this $1000 into something big within a couple of months if I gets used to the process & pressure.

    18. The following 3 users say Thank You to MartyFish for this useful post.

      Leonvic90 (02-13-2018), Neriah (02-13-2018), union12 (02-15-2018)

    19. #889
      FX Super Hero
      I am:
      Daring
       
      Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90 has a reputation beyond repute Leonvic90's Avatar
      Posts
      1,396
      Accumulated bonus
      494.81 USD (What is this?)
      Thanks
      3,447
      Thanked 2,531 Times in 714 Posts

      Default

      The ride that you are about to embark on is a bumping one that will see several road blocks along the way, I don't know how you are going to survive this market with such risks but I believe something like this needs to be tested with a demo account before you can come out in the open to use the live account, I see that you are always trying new things which is good but maybe you should focus and consolidate on the system you are using for now, I see all these experiments as distractions that can cost you valuable time, anyway I hope you achieve your goals with this new journey of yours, forex is about learning better tricks to earn more money, isn't that what brought us here in the first place.

    20. The following 2 users say Thank You to Leonvic90 for this useful post.

      MartyFish (02-13-2018), Neriah (02-13-2018)

    21. <a href="https://www.instaforex.com/company_news"> </a>
    22. #890
      MT5 Addict
      I am:
      Relaxed
       
      MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish has a brilliant future MartyFish's Avatar
      Posts
      526
      Accumulated bonus
      926.56 USD (What is this?)
      Thanks
      2,145
      Thanked 1,799 Times in 456 Posts

      Default

      Quote Originally Posted by Leonvic90 View Post
      The ride that you are about to embark on is a bumping one that will see several road blocks along the way, I don't know how you are going to survive this market with such risks but I believe something like this needs to be tested with a demo account before you can come out in the open to use the live account, I see that you are always trying new things which is good but maybe you should focus and consolidate on the system you are using for now, I see all these experiments as distractions that can cost you valuable time, anyway I hope you achieve your goals with this new journey of yours, forex is about learning better tricks to earn more money, isn't that what brought us here in the first place.
      I know with my this new challenge I am sounding out a bit insane, greedy & desperate to earn faster. But, I can't do anything about that only time will tell if this challenge was good or bad for me.

      I am not changing the system here. I would be very much trading like I do but with just different parameters instead of 2-5% risk per trade, I am using 20% risk per trade. As in my last 5 months of trading I haven't hit my SL twice in a row & depending on that data I am trading with this parameter, which can extract maximum profit or maximum trading potential out of my trading method/system.

      I won't be loosing $1000 that easily & I am trying this out in a separate real account which I can afford to lose, rest my bonus account & other real account I will be trading normally as usual with 2-5% risk per trade.

    23. The following 2 users say Thank You to MartyFish for this useful post.

      Alexander Tatsumaki (02-13-2018), Neriah (02-13-2018)

    Reply to Thread
    Page 89 of 95 FirstFirst ... 84 87 88 89 90 91 94 ... LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts