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forexjpn
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Postby forexjpn » Thu Feb 14, 2013 12:17 pm

As you can see, I tend leave a lot of pips on the table (EU)......at this stage I need to get out at the sig lines, as I hate to give pips back and I am not sure yet when price is going to go all the way to an 'origin' Z-line.
I have tried looking at HTF, but nothing has quite clicked yet for me....until it does, I will continue to lock in profits even if it means missing out on the rest of a run.

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TygerKrane
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Postby TygerKrane » Thu Feb 14, 2013 12:28 pm

forexjpn wrote:
TygerKrane wrote:For your pending orders, what kind of leverage entry are they?
Is your SL always the same size, or is it based on something chartwise?
What is your average SL size?


Hi Tyger, this is my short answer, I had a longer one, but it got far too complicated........ Hope it answers your questions.

I use the same leverage for pending and market orders.
My SL is usually beyond the extreme of the candle before the MOMO or beyond the extreme of the nearest pivot point.
My SL can be quite large at times, but in those cases it's more of a 'catastrophic' SL.
If I'm using my bastardized version of 'space', my SL can be around 100 pips, but on my standard trades, my SL's seem to average about 20.

Thanks for the reply.

And what is the amount of leverage you end up using?

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

forexjpn
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Postby forexjpn » Thu Feb 14, 2013 2:29 pm

I am very conservative....... I would say I range from 0.5 to 2:1 at this time, my max so far being 6:1 (not including my early days, when I didn't quite understand what risk was)
I will be implementing my understanding of E=L+R, in the near future....... My leverage should increase significantly then.

forexjpn
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EU

Postby forexjpn » Fri Feb 15, 2013 3:36 am

Currently long EU from 1.33592
On iPhone now, will post chart later.

forexjpn
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Re: EU

Postby forexjpn » Fri Feb 15, 2013 4:30 am

forexjpn wrote:Currently long EU from 1.33592
On iPhone now, will post chart later.


Wow, doesn't look nearly as good on MT4.........
I trade off Trade Interceptor on my iPhone and the last MOMO had close over the last pivot and a sig line, whereas on MT4 the pivot point is uneven and the last MOMO didn't even reach it.........
Will monitor closely, currently up 6 or 7 pips.

Open: 1.33592
SL: initially set far away at 1.3314 cuz was on the train, but now taken off as I am watching the trade
TP: 1.3385
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Postby forexjpn » Fri Feb 15, 2013 4:35 am

Closed my position at just above BE..........
This is actually against one of my rules of not meddling with trades before they have a chance to pan out, so regardless of whether or not if it was the right choice, I am kind of disappointed in myself.

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Postby forexjpn » Fri Feb 15, 2013 4:50 am

Just to show you how it looked on Trade Interceptor, when I entered the trade.
MOMO closed over the pivot and a sig line.....
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forexjpn
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Postby forexjpn » Fri Feb 15, 2013 6:41 am

LOL, no comment......
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TygerKrane
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Postby TygerKrane » Fri Feb 15, 2013 11:24 am

Ouch! :shock:

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby trueblueTEX » Fri Feb 15, 2013 12:50 pm

Looks like you can conclude that your "idea" was sound.

I don't see why you think MT4 looked worse than tradeinterceptor(never heard of it until last night when Tyger posted about it) ?

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