My Experiments with truths in [Life &] Trading

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Current open trade plan on EU.

Chart_EUR_USD_4 Hours_snapshot.png (39.73 KiB) Viewed 6407 times

Any thing can happen.. If price goes back in to the initial position box, I will liquidate the position for a pip scalp and try to re enter according to price action on smaller TF charts.

[MightyOne]

Just to make sure that you understand completely...

The only thing that you need to double your position size is the willingness to move your stop closer to the current price.

In some books you may have seen people suggest that you increase your size every x number of pips, but that is not how we do it here.

You can do whatever you want, I'm just saying.

[thead]

Just to make sure that you understand completely...

The only thing that you need to double your position size is the willingness to move your stop closer to the current price.

In some books you may have seen people suggest that you increase your size every x number of pips, but that is not how we do it here.

You can do whatever you want, I'm just saying.

Thanks MO. It is crystal clear now...I am definitely after "space wars"

What I envisaged was when price break out green box (break out -- TRO's daily wick concept), move my stop closer to double the size.

Having two shield's (forts!) protection during initial battles. [Triple position line was more of a wishy-washy line]

Chart_EUR_USD_Hourly_snapshot.png (35.45 KiB) Viewed 6369 times

[thead]

Current open trade plan on EU.

Chart_EUR_USD_4 Hours_snapshot.png

Any thing can happen.. If price goes back in to the initial position box, I will liquidate the position for a pip scalp and try to re enter according to price action on smaller TF charts.

Due to less than expected GDP figure, liquidated at 1.0920 after doubling,... Try to build a position again with recalculated position size. Looking for a short position on GU if it goes below yday's wick zone.

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Scalping wick zone on GU !

Chart_GBP_USD_Hourly_snapshot.png (20.12 KiB) Viewed 6327 times

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Keeping an eye on major news helps to catch a quick thrust move Thou shall not fear news
AN last night and EU now..

Chart_EUR_USD_15 Mins_snapshot.png (18.1 KiB) Viewed 6280 times

[salezyakuku]

Life is to short to watch all news pending order on Wick Zone is enough

[thead]

Life is to short to watch all news pending order on Wick Zone is enough

Ha ha! Good one, I agree. Never the less, for me news helps to attack with a bigger size

I do not watch all the hullabulla on news media. I just get one liner figure from 4CAST. [Previous, Expected, Actual Number]

[thead]

-------------------- A sufi teaching tale -------------------

Nasruddin stood up in the marketplace and started to address the throng:

"Hello my people... Do all of you really want knowledge with out difficultly, truth without falsehood, great attainment without effort, progress without sacrifice?"

Very soon a very large crowd gathered, everyone shouting, "Yes, Yes"

"Excellent!", said the mullah. "I only wanted to know. You may rely upon me to tell you about it if I ever discover any such thing."

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