Here's something to thinnk about as we get ready for another trading day...
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Freebie 1 min trading method 1,227 replies
Naked Trading Using Price Action (No Indicators) 32 replies
Pure Price Action Trading - NO lines or indicators 49 replies
Help adding a filter to the Freebie Indicator 3 replies
EUR/USD Trading Price Action System 2 replies
DislikedTook this one just a few candles ago.....Already hit a 1:1 so locked in my profits and closed 1/2 my lots....RISK FREE TRADE.Ignored
DislikedHi Dredding, sorry for the question but you entered on candle close?Ignored
DislikedThat's what happen s to breakeven stops - they get stopped out. What I tend to do is wait for the entry on a larger tf then go to a shorter tf to get in at a better price:
Waiting for short on swissy now.
Also, what I mentioned earlier - see the red line - where is the alert, it should be there but there isn't one. Why is that???Ignored
DislikedSorry Dredding i don't want to spam i don't mean to be heavy, i only want a confirmation about these trades.
Are these valid trades or i am wrong with something?
I discovered your system yesterday (similar to the one i am using now, but atm i'm only on the hourly), and i really haven't got the time to read the whole topic.
Thank you in advance, and sorry for my bad english.Ignored
DislikedLOL. Take a chill pill man you'll be getting high blood pressure
I only asked and illustrated.
An alert is a nice thing to have, means you don't have to sit glued to the screen. If it's not yours, cool, it's not a personal attack dude. Re-coding, I have no idea Personally I'm a trader, not a coder.
Re breakeven stops, I won't argue only to say that if someone is the type to put stops at breakeven after a breakout you will get stopped out, again and again and again, it's how the market works. They don't give you 'free trades' as most...Ignored
DislikedYou will NOT always get stopped out...and like i said before its ABOUT MM....In that trade i made 1% on my account even though i was stopped out at BE...If i only closed 1/2 of my lots and didnt move my SL it would have been a BE trade...So there ARE "RISK FREE TRADES" you just need to learn how to find them and trade that way. Which will come ONLY with TIME.
** No high blood pressure here....ALOT OF COFFEE! LMAO**Ignored
DislikedYeah, that's cool. I know how that works.
In that instance it means you risked 2% to make 1% (if closing 1/2 at 1:1). Profit is better than loss I know.
Sorry, I don't mean to get into an argument so I'll leave it at that. Let's just say there are more and different ways of money management, horses for courses.Ignored
DislikedYeah, that's cool. I know how that works.
In that instance it means you risked 2% to make 1% (if closing 1/2 at 1:1). Profit is better than loss I know.
Sorry, I don't mean to get into an argument so I'll leave it at that. Let's just say there are more and different ways of money management, horses for courses.Ignored
DislikedHow you work that out?
Let's say you risked 2% over 20 pips.
Price goes onside 20 pips (at this point you're 2% up, assuming no costs)
You close 1/2 (you bank 1%)
The other half comes back and takes out your b/e stop (makes 0)
Banked profit = 1%
So your trade made 1%, not 2
Taking costs into account too, you made less than 1%.
Coffeeeeeeeeee
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