DislikedSuper! In my opinion, this week was the first week of the new year where pairs were predictable. Makes trading much easier.
Have a great weekend!Ignored
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DislikedSuper! In my opinion, this week was the first week of the new year where pairs were predictable. Makes trading much easier.
Have a great weekend!Ignored
DislikedAbout +45 pips this week but little profit gain because of my bad money management by some trades... (I tradet losses too often)Ignored
DislikedIt has been a busy week at work, so my trading time was minimal. I succeeded at collecting +41 over the week, although it should have been more. Today I hit about +56 pips, but lost almost all of them due to not following the trades or bad management. So I'll invest all my trades from this week this weekend and keep the conclusion in mind for the future!Ignored
DislikedIn my continual refinement as a trader, I am really trying to stick to SL and TP as much as possible. I know different people have different opinions on the ratio, but is a SL of -25 pips to tight? I would then have a TP of +50. I'm not skilled enough (yet) to leave an open Tp like LG . Thanks for the input.Ignored
DislikedHi Lawgirl,
What made you sell the gbp/jpy in post 12127 - to me it looks like
you are selling at a newly created support area ?
Regards,
HansIgnored
DislikedI think a SL of 25 pips is much too tight. In my opinion 50 pips is a minimum SL with the way the market has been acting this year. Just adjust your order to accomodate 50 pips. That way you have the same potential loss, but the odds of a successful trade have been significantly increased. Some pairs may need 100 pip SL...GBPJPY comes to mind.Ignored
DislikedThanks. So with a -50 SL, I would set a +100 TP. How does that sound?Ignored
DislikedYou will not make a 100 pips profit on many trades. I believe you are getting too hung up on R:R ratios. You must be more flexible. You may have a 50 pip SL and only make 20-30 pips...that's great. Go to the next trade, set your 50 pips SL take 10 pips...whatever. Go to the next trade...on and on.Ignored
DislikedI got you. This changes things a bit on my outlook and SL:TP. When I first started to trade, I read several articles that were calling these type of R:R ratios. The explanation behind it was that you could virtually have 50% losing trades, and still come out ahead.Ignored
DislikedHi Lawgirl, Any thoughts of potential 3tap on daily chart to the long?
eur/usdIgnored
DislikedHi Lawgirl, Any thoughts of potential 3tap on daily chart to the long?
eur/usdIgnored
DislikedLawgirl, I thought that you could only use the bottoms/tops from the period separator onwards?
Or is that only for H1 breakouts...
If so that'd explain why my 3 taps haven't been hitting/ spotted an already trended currency pair!
Also;
On the image above, is there any reason you didn't 'stretch' back to the previous lower tap candle (2 candles before the 1st candle)
I thought it maybe because uptrend the taps need to = green but then noticed the the 2nd tap is red.
ThanksIgnored
DislikedReminder that tho the US has now moved its clocks forward, London, Frankfurt etc won't follow suit until 27th March so for next 2 weeks there will be a 4 hour time difference not 5.Ignored