JayDavid, can you post a screen shot on one of ur swing trades where u adding a position every 100 pips?
Thanks in advance
Thanks in advance
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Disliked{quote} I do plan on posting some trades, each signal is essentially three trades, one is immediate and then I place two corresponding pending orders. It should become more clear when I actually place some live trades later.Ignored
Disliked{quote} Ok so now I am wondering, can you see my trade explorer most of the information you asked for is right there ready for you to take a look. So are you asking me to repeat the information that is there into a forum post? Or maybe you asked this question before you realized that you already have access to the information? I have everything set to public so all the info should be there. As far as swaps go, with my broker the fees are nominal and I generally just ignore their effects.Ignored
Disliked{quote} Well, it looks like you may be too new for me to be able to send a private message to or there is some other reason why I cannot figure out how to message you directly. Why don't you go ahead and post your question for the world to see, I don't believe in scarcity and there really is no point to secrecy. Alternatively, you could send me a message directly from my profile, that goes to my email. I would post my email, but I don't want spam from forum email scraper bots.Ignored
Disliked{quote} Hi Jay, i am trying to understand this, from what i gathered, as soon as you have your signal for entry on daily, say a buy signal on g/u 1.3400, you will set a pending order for half the size used after the first 100 pips, in essence, market order at 1.3400, then set pending order at 1.3500 and also 1.3600....the goes on till there is a confirmed exit.Ignored
Disliked{quote} Yes Jay, i see, it, the thing is, i am used to using percentage per trade, say i want to pick a trade, i do use say the last swing or low to calculate to give the 2% or whatever the case maybe,it seems you do not trade that way, or maybe i cant not decipher this, hence i was wonering what percentage you use per trade to be up about 90% on a daily time frame within a week...sorry if i sound like a broken record, i just want to make sure i understand as against thinking i understand.Ignored
Disliked{quote} Thanks for reply Jay! Just add your Twister, and shout to you but don't know how to send direct message to your profile! anyway, I will contact you via Twister. Nice day!Ignored
Disliked{quote} That is essentially it, however, I would place a market order on g/u at whatever the price happens to be trading at while I am looking at it and then place the pending orders 100 and 100 pips away from whatever price was executed. the orders were placed with an initial lot size...Ignored
Disliked{quote} Yeah, I used to trade this way using percentages, back when I found it difficult to make any money trading. I initially started my system trading 2% of equity but I found myself meandering at the same spot, not losing much but also not winning much. Most of the time I was looking at losses in my account hoping for a recovery. Using percentages limited my losses, but also my gains. During the course of this pedantic percentage system, I made a mistake and fat fingered a lot size that was much larger than what it was supposed to be. That trade...Ignored
Disliked{quote} I noticed this, when i checked your trades, the new way is better in my opinion, however, i am thinking of something, you use a flat out 100 pips, is it possible to use the daily range of the currency as against 100 pips, the reason is some pairs just have a low daily range..i.e the likes of aud/usd, which is around 60 pips, if you use 100pips, then that is close to the weekly range of such pair, however, using 100 pips will be fine on a pair like g/u and it will be noting on pair like g/j...just my thought...what your say on this.Ignored
Disliked{quote} I like it and this is why I wanted to run my system through the crucible of public opinion. To improve it, and that probably will be an improvement. I'm thinking maybe an ATR(14) would work, especially when turned into an expert advisor. The method I use now is very easy for a manual trader who does not want to do much math.Ignored
DislikedLooks like a great system.. American Bulls like like a stock trading deal. Forex might be a sideline?Ignored
Disliked{quote} I noticed this, when i checked your trades, the new way is better in my opinion, however, i am thinking of something, you use a flat out 100 pips, is it possible to use the daily range of the currency as against 100 pips, the reason is some pairs just have a low daily range..i.e the likes of aud/usd, which is around 60 pips, if you use 100pips, then that is close to the weekly range of such pair, however, using 100 pips will be fine on a pair like g/u and it will be noting on pair like g/j...just my thought...what your say on this.Ignored
Disliked{quote} Just curious, how would you go about calculating the daily range of the currency?Ignored