But i only got 3 lots in atm and wont be adding.
The leg made yesterday i think is good so ill be trying to go into the
50% atleast
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Braathen
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MightyOne wrote:
personally, I'd take profit at the low of the red momo candle...but that is just me
I really like your space setup on this trade.
I have setup the TRO_GOLDsweetspots at 125 and 250..
Cant find the II_sweespots you have .. maybe a one of a kind for you?
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
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Braathen
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MightyOne wrote:It is called II_MOD_SweetSpots; I could have swore that it was an insanity release but it looks like it is in the pay-per-view section.
I do not base any of my decisions on news reports.
Yeah i saw that the 25$ didnt last forever lol
I dont base trades off news either. Im just trying to trade back into the range as i felt it wasnt gonna go higher yet.
But i do watch news all day atm.. dunno why really. And i cant seem to figure the bond thing out
Gonna go read some more about it for lulz."Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
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Braathen
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MightyOne wrote:
personally, I'd take profit at the low of the red momo candle...but that is just me
hehe
ahh well
i only managed to pull a few pips.
But im still feeling great about the last 2 weeks.
My trades have alot more potential due to space (i really enjoyed managing it today trying to stay short).
What is worrying is that i think im entering the high risk trades and missing the low risk
Like today i was playing back in against the current "trend".
Im guessing the real body in direction of profit trade was long on the spike down.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
http://kreslik.com/forums/viewtopic.php?p=64589#64589
If you are risking 2% of $1000 & the smallest lot size on your fib tool is 4 lots then your space should be 50 pips.
Your risk will be 2% no matter which retracement line you enter at.
The only thing that is 'high risk' is the potential for price to pass the 00 line.
If you are risking 2% of $1000 & the smallest lot size on your fib tool is 4 lots then your space should be 50 pips.
Your risk will be 2% no matter which retracement line you enter at.
The only thing that is 'high risk' is the potential for price to pass the 00 line.
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Karma
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I'm sorry MO, I follow you all the way up until my lot size being 4 lots
50 to 1 leverage only gives me .5 lots as max buying power?
50 to 1 leverage only gives me .5 lots as max buying power?
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne
With a $1,000 account, 4 lots would be $0.40/pip.
If the pip value is $1.20 per mini instead of $1 then you:
$20 / (1.2 * 0.4) = Space@4Lots = 41.6 pips.
If the pip value were $0.50?
$20 / (0.5 * 0.4) = Space@4Lots = 100 pips
or you could take the lazy way out and just risk 2.4% instead of 2.
If you do not have a micro account then you are going to need a lot more money to trade this strategy
If the pip value is $1.20 per mini instead of $1 then you:
$20 / (1.2 * 0.4) = Space@4Lots = 41.6 pips.
If the pip value were $0.50?
$20 / (0.5 * 0.4) = Space@4Lots = 100 pips
or you could take the lazy way out and just risk 2.4% instead of 2.
If you do not have a micro account then you are going to need a lot more money to trade this strategy
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Braathen
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"The consummate act of genius is simply to see what is in front of you without your preconceptions and knowledge interfering.
The mind capable of fielding this weapon will have access to information that few others will access."
So trying to keep it simple. 50 pips/15$ risk over 0.3 lots
I) I draw my space from the extreme
Space drawn from weekly+ high
II) I see a reason to enter on the 7 minute chart
Price closing below something (white line)
III) I enter a limit order on one of the retracement lines or place
a market order for x lots prior to the breakout of said line.
Ok so i entered a market order at 83 and adjusted my space to fit
the lots i wanted also giving me a bit of room at the top.
Really hope you dont look like this MO
The mind capable of fielding this weapon will have access to information that few others will access."
So trying to keep it simple. 50 pips/15$ risk over 0.3 lots
Braathen wrote:
I) I draw my space from the extreme
Space drawn from weekly+ high
II) I see a reason to enter on the 7 minute chart
Price closing below something (white line)
III) I enter a limit order on one of the retracement lines or place
a market order for x lots prior to the breakout of said line.
Ok so i entered a market order at 83 and adjusted my space to fit
the lots i wanted also giving me a bit of room at the top.
Really hope you dont look like this MO
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
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