adaseb wrote:I remember when you had about $2K in your account and you made thousands every couple days.
However I looked at your trades and you never used any stops. Sometimes a trade would go 50-60 pips against you. And then when it went your way you sold for 1 pip in profit.
Is that what you do now? Or are you stops much tighterdragon33 wrote:adaseb wrote:Yes and it also similar to the dynamic S/R with candle color.
Where it makes a new daily low, we wait until it bounces at least 20-30 pips and then enter on the pullback.
However I tried this and it goes my way for about 5 pips before going back down.
The problem is it doesn't always work. So I get stopped out a few times for -5, -10, -7 ish and then when I do get the full run I just break even.dragon33 wrote:adaseb wrote:I looked at many of the examples that you have posted and I am banging my head against the wall to find out how you entered exactly.dragon33 wrote:aliassmith wrote:dragon33 wrote:aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
I'm not but i do play with a programmed strategie on dukascopy. When i trigger +8 pips the strategy put the SL at +1.
I thought that was a good idea before, until MightyOne revealed his zero
line concept. Then I figured that most of the time I would be zeroed out
after moving to BE.
I tend to like the multiple orders similar to PeterCrowns or James16 MM
or the three orders similar to what MightyOne was talking about. Either
way it is about letting the last order run for what you can get to improve your R/R.
Just something to think about for traders that have "psychological" issues with holding a single order.
I know what you mean but my entry is almost always after the first zero
If you place your entrys and stops the same as me you either win or lose a trade it is that simple!
In the picture below: white lines are entry and the red are my stops. Do you see any zero
This is years of experience and steeling with my eyes while other people where teaching how to do it. You need to find your own way and when you don't give up you will believe me.
Do you see it now or not. It is really very similar to the rat.
I play amazing big lots and get out after a few bars or on the next sema number. and then i wait for the next setup.
I only play one direction not both anymore!
just keep drawing the zerolines like you did in previous charts and then trade away from it using the same entry, it is what i do. Maybe the only difference is my pipvalue. When i make 10 pips some people have to work a whole month to have the same.
You are right, you are following me for while if you know i have traded without placing stops! I always take a trade with a stop of max 20 pips.
If i can't using those 20 i will not take the trade except in some occasions.
99% of the times my stop will be 20 or less.