Had a losing day yesterday so extra nice to bag a few big wins today..
tradewith60
Difference between buy/sell stops & buy/sell limits 34 replies
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I am looking for EA to put Buy Stops, Buy limits, Sell limits, and Sell Stops. I will 0 replies
DislikedInteresting on m5, win rate is down to about 35%...oh my god you think !!!!
average R/R +3.7R and about 30 trades a week on 4 pairs...being slightly selective..
Suddenly that 35% win rate looks very nice indeed...
Less then 2 weeks data so take it with a pinch of salt... but, does go to show you that letting a few run and taking lots that comeback and stop you out can really work...Ignored
DislikedYour Pscyhology needs to be right with this type of win rate. It is difficult to keep taking the trades.
The higher R makes up for the losses, but you have to be right in your head is what I'm saying. :nerd:Ignored
DislikedThe Bangkok trade....
On E/U and E/J the daily is far above the 50sma but daily candle closed bear yesterday. Do you judge how much distance you have to the 50sma on the daily if the 1hr and 5 min are below the 50sma? And use daily S/R's?
I see you're in E/J and the price is way above the 50sma on the daily.
I was just up 20 on E/U....moved to B/E and just got taken out at B/E.
What's your thoughts? Scale out some instead of giving it all back then go for 2:1? Or just take the loss? It was over 1:5 ratioIgnored
DislikedI'm really interested on your thougths about the daily....
Especially when the daily closes bear but the price is way above the 50sma....in respect to bangkok trade.Ignored
Dislikedhere's a very quick explanation of reading the price action of a close... it needs much more explanation but should give you a little help
DAILY GCHFIgnored
DislikedAwesome trades, 60! Congrats!
Btw, what pairs do you trade on scalping mode (m5)?Ignored
DislikedM5 is easy when its all going well, but when you get chopped its important to have some clarity, i think if you tried too many pairs it could go wrong horriblyIgnored
DislikedEU GU EJ GJ right now... keeping it simple on pair selection, M5 is easy when its all going well, but when you get chopped its important to have some clarity, i think if you tried too many pairs it could go wrong horriblyIgnored
DislikedHi 60
I agree with you that keeping ones eyes on too many pairs is a recipe for disaster.
How do you choose which pairs to watch?
I guess you could look on the daily and see if the pair is trending or moving in a range
Anything else?
PGPBIgnored
DislikedI just started using this so bear with me....forgive me if I'm being redundent.
Have you guys talked about how the commander indicator hash marks are always pointed wrong when it's a retrace. Especially on the 5min. Then the magenta marks fall below the 50sma...then white, then blue.....then the setup with the big trend.
Anything I'm missing?Ignored