love it, thanks for sharing. Also enjoyed your H4 power stuff and contributions to Equity Millipede.
Something a little different 21 replies
Widely different ADX values from different accounts 2 replies
Different Pivots with different brokers 2 replies
Dislikedlove it, thanks for sharing. Also enjoyed your H4 power stuff and contributions to Equity Millipede.Ignored
DislikedHi 60Minuteman; Very interesting what you're showing here. I'll have a look at this using the Monthly and Daily TFs for a Longer Term View. If nothing else this will help me to not get too attached to any individual Trade and help with my intuition for exiting Trades. {image}Ignored
DislikedI'm going to test this on a Demo Account. Entries are the easy part of the equation, as always, the skill is going to come in using my intuition to exit. {image}Ignored
Disliked{quote} Hi Steve... check the last video i posted with the exit/re-entry... thats the key here. Pre-define some other exits you will use such as (over 150 pips at close, strong SR level.. etc) and then trade them only. Avoid ambiguous 'emotional' exits by vocalizing your feelings when your subconscious is urging you to exit - if that doesn't work, go for a run, do some sit ups etc (a physical activity will allow the brain to make a rational decision instead of acting on impulse)Ignored
Disliked{quote} Hi 60minuteman; It's hard, for me, to define what's Technical and what would be considered Intuitive when looking for an Exit. Any signs of weakness within the Blue Rectangle would be a logical Exit, if the Trade gets Triggered. {image}Ignored
Dislikedexits video up on nff... Go check it out! http://www.nakedforexnow.com/showthr...ll=1#post10621 p.s vote in the poll... Let's get this thread where it belongs!Ignored
DislikedHi 60minuteman; The Entry Rules, you have set, are very simple to understand, I think, if I want this to work, for me, I will have to have a simple set of Logical Rules to Exit. I hope the chart below explains what I will be looking for and that my reasoning is Intuitive rather than Impulsive. {image}Ignored
Disliked{quote} Hi Steve, I can see you're starting to change your thinking about risk... but, there is no rational reason to exit for a loss, if you're going to do that then you may as well trade with smaller sl.... an exit in loss is a fear exit. - you're on the right path here! Stop and decide the most important question, you can not sit on the fence with this one: 1. wide stops, high win rate 2. tighter stops, bigger wins... avoid being in two minds, it will lead to indecision, fear, impulse actions Keep posting your thoughts and data please!Ignored
DislikedVery interesting 60min. With regards discussing results and RR, would it not be better to highlight your 'r' rather than pips? As your stop varies in size so will your profit per trade dependent on initial risk. The number of pips gained is irrelevant.Ignored
Disliked{quote} Hey PP, great to see you again... I would go further and say that all figures and quantitative analysis of a strategy is irrelevant, all I am concerned with is what I believe. Do I believe that under normal market conditions it is logical that I will make more than I lose trading this way? YES 100% Do I need more than that? NO... Facts are what happened in the past and often bear very little relevance to the future so I choose to base my risk decisions on what is logical. For the strategy to work I need the market to oscillate up and down...Ignored
Disliked{quote} Well said. When I first started forex trading I had no idea what I was doing - just instinct. I made a lot of money quickly. I thought to myself 'I had better learn some theory etc about this stuff' and for months thereafter consistently lost money trying to follow different systems, etc. Last April I went back to a more intuitive way of trading. I made tons of money. Then got caught out being too greedy and not knowing when to pull out of a losing trade (no pre determined SL) - gave way 3/4 of my profits. Have learnt a lot about emotions...Ignored