DislikedTrue words that come with experience......what is the use of a good strategy if u don't have the mental fortitude to actually manage all aspects properly.Ignored
IT IS ALL BETWEEN THE EARS FOLKS....LOL
Plan, Prepare, Execute, Repeat
Broker with a pip by pip trailing stop 24 replies
Pip by pip - my trading journal 21 replies
GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies
Pip Farming: An Experiment 44 replies
100 pip STOP for a 100 pip Target 7 replies
DislikedTrue words that come with experience......what is the use of a good strategy if u don't have the mental fortitude to actually manage all aspects properly.Ignored
Disliked{quote} So true....it took me a while to "GET IT" but once I did, it was on from there. I am a true believer that most anyone can do this. However, everyone is looking for a way to 80 or 90% accuracy for their path to riches......IF they only knew that the great ones that they read about are only right 40% of the time. IT IS ALL BETWEEN THE EARS FOLKS....LOLIgnored
DislikedSwingtrade......I wasnt suggesting it didnt work nor that I was looking for 80% plus....just looking for confirmation that it was tried and tested as lots on here are not....good to hear it is. Do you trade 4 pairs as you cant manage more...or no need to look at more? would it be correct to say the best for this are those with highest ATR ? Do you close out all positions if you hit your +200 target and start again the next week or keep going....do you go flat over weekends ? thanks in advanceIgnored
DislikedIt is a COLD snowy Sunday here in Germany so I want to go on a bit of a rant..... about 20 years ago I had a job at a private trading firm. the salary was 40K plus 20% of your monthly profits. I thought I had hit the lottery and would be a millionaire in a few months. The head trader always talked about my ability to see good trades, yet I was always in the bottom 20% of earners for many months. One day he and I went to play golf and drink some beers, mostly drink beers. After the front nine we were mostly in the tank and he looked at me and said...Ignored
Disliked{quote} Hey ST I have followed your posts ,since you started sharing this approach over in Claudias thread,but I cannot remember anywhere where you cover what risk you use on an entry. You mention regularly a 100 pip stop,is this equal to 1% of account and thus you are aiming for 2% account growth per week? Please forgive me if I have missed where you have covered this. ThanksIgnored
Disliked<p>{quote} No offense but for it to be NY open and close the broker has to be GMT +2 (5pm in NY midnight at GMT +2) List of brokers I know ny close time Roboforex hotforex alpari icmarkets pepperstone admiral markets Anyway doesn't matter which is your preferred broker, just open a demo account with one that uses gmt +2 and use it for charts (that's what I do)Ignored
Disliked{quote} I'm not ST but he said in this thread that he risks up to 10%, actually his account doubled between December and JanIgnored
DislikedNOTE: PLEASE BE ADVISED THAT I TRADE THIS SYSTEM IN A VERY AGGRESSIVE MANNER....I DONT MIND RISKING 5% PER TRADE SOMETIMES...SO DD'S AND SUCH WILL REFLECT MY NATURE AND MANNER OF TRADING THIS! I ALSO HAVE NO PROBLEM AT ALL WATCHING 100+ PIP MOVES IN MY OPEN POSITIONS As far as performance goes, here is what you can expect based solely on how I trade this method and the performance that I routinely generate. You should expect to see around 58-62% wins You should expect the W/L Ratio to be 1.45 or more You should expect to see net weekly pips average...Ignored
Dislikednice and clear market approach, i´m subscribed, thanks swingtrade65. please confirm Fr.period: in post#1 is set to 7, in post#140 is set to 3, I´m confused. Thanks.Ignored
Disliked{quote} Cannot see that anywhere in the thread. I doubt very much that he would risk 10% on an entry,perhaps total exposure across all his positions?Ignored
DislikedNOTE: PLEASE BE ADVISED THAT I TRADE THIS SYSTEM IN A VERY AGGRESSIVE MANNER....I DONT MIND RISKING 5% PER TRADE SOMETIMES...SO DD'S AND SUCH WILL REFLECT MY NATURE AND MANNER OF TRADING THIS! I ALSO HAVE NO PROBLEM AT ALL WATCHING 100+ PIP MOVES IN MY OPEN POSITIONS {image}Ignored