700 trade:
Long @ 1.64696, exit @ 1.64625
Total pips = -7
Kenyuki's BuyZone Trading Blog
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Hey Horizon,
I was trying to do the same on the 700 trade today already (was aiming for < 1.6340).
But guess what. I moved the wrong stop....
I am still (as usual) figuring out the technicalities of order entries on MBT Navi.
But it gets better with practice (I hope).
Actually, this led me to thinking. If you keep on doing this, and unless the price movement is so lightning fast it slashes you in a second, then there is no reason why you should ever lose again. I'd honestly take 1-2 pips profit rather than hitting SL. What do you reckon?
I think it's about time you set up your own trading blog too .
Cheers,
Ken.
Horizon wrote:Happy to see you aren't cutting your wins.
I was trying to do the same on the 700 trade today already (was aiming for < 1.6340).
But guess what. I moved the wrong stop....
I am still (as usual) figuring out the technicalities of order entries on MBT Navi.
But it gets better with practice (I hope).
Actually, this led me to thinking. If you keep on doing this, and unless the price movement is so lightning fast it slashes you in a second, then there is no reason why you should ever lose again. I'd honestly take 1-2 pips profit rather than hitting SL. What do you reckon?
Horizon wrote: I am trying to do the same.
I think it's about time you set up your own trading blog too .
Cheers,
Ken.
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hi ken
just going to answer my own question, sort of,
i soppose a good pair to trade would be a pair with a good average range over a long period of time
good meaning wide range, not sure which is a good pair as im new to tros indicators
i soppose this would also be a trade off between a good range (big) and spread
ive chosed eu as its the smallest spread. need to check range of eu gu and compair them??
my success so far 2 days 5 wins 2 loss
just going to answer my own question, sort of,
i soppose a good pair to trade would be a pair with a good average range over a long period of time
good meaning wide range, not sure which is a good pair as im new to tros indicators
i soppose this would also be a trade off between a good range (big) and spread
ive chosed eu as its the smallest spread. need to check range of eu gu and compair them??
my success so far 2 days 5 wins 2 loss
Hey jon,
Thanks for stopping by.
I highly recommend logging your trades (it shouldn't necessarily be here, but just keep track of your trades). I am blogging it here because it pushes me to have disciplined trading habits. And also, logging your trades obviously has a reporting function where you can run your own stats with the method etc.
I recall TRO mentioning it working well with the Cable, so I just went for it. Also, I reckon the Cable has more movement than EURUSD (I am uncertain though, and have not reviewed the figures). Either way, I do not really care much about spreads anymore, as I always place limit orders, meaning, you do not necessarily have to buy at the ask price and vice versa. I had those spread issues earlier, and realized that it really ate up much of the profit, so I changed my broker.
All the best,
Ken.
jonisonvespa wrote:im also from uk,
Thanks for stopping by.
jonisonvespa wrote: just started on the same road as you with the buy zone,
I highly recommend logging your trades (it shouldn't necessarily be here, but just keep track of your trades). I am blogging it here because it pushes me to have disciplined trading habits. And also, logging your trades obviously has a reporting function where you can run your own stats with the method etc.
jonisonvespa wrote: why did you are you trading gu, surely best to trade eu as smaller spread??
I recall TRO mentioning it working well with the Cable, so I just went for it. Also, I reckon the Cable has more movement than EURUSD (I am uncertain though, and have not reviewed the figures). Either way, I do not really care much about spreads anymore, as I always place limit orders, meaning, you do not necessarily have to buy at the ask price and vice versa. I had those spread issues earlier, and realized that it really ate up much of the profit, so I changed my broker.
All the best,
Ken.
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