Don't give up
- | Commercial Member | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.
- | Commercial Member | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.
If only I could fly.. 7 replies
At What Point Are You No Longer the "Fly on the Back of the Elephant" 3 replies
Learning at the speed of snail [Newbie Learning Journal] 9 replies
MT4: Create Variables on the fly 34 replies
DislikedYour returns are very consistent, about 7% on most days except for that Black Monday and recovery day. Do you have a daily goal fixed around 7%?Ignored
Dislikedyour results make me smile. : ) You are like the wise old wizard. Many come to seek your ways. You answer in riddles that make no sense at first, but then later they make perfect sense.Ignored
Dislikedwhat if we use a wider stop of 150 to 200pips sized to at most 5% of equity so as not to hurt the account too much? {image}Ignored
Disliked{quote} That's the thing I've been trying to figure out. Your recovery scale-in 4 trades actually made more money (over +15%) than your initial entry's loss (-8%). In fact, going through all your trades in detail I found that your scale-in method actually made the bulk of your +189% gain. So your initial entry was necessarily late as you waited for your system to confirm the trigger and had to suffer the pullback, which in above trade took the -74pips loss. If you were right in your entry then the gain is very small in comparison (with only 1 position),...Ignored
DislikedI guess I'm just looking for solution to deal with that -70pips drawdown and not have to take the hard stop loss, in the event that the entry was badIgnored
Dislikedhi geo can you explain how do you scale in & scale out positions a little more clearly please ? i did try out to float small orders before jumping in to actual lot size to gauge market direction first & then scale in adding 20 % each time to positions but at some point of time, when it didn't work out, i just started with trading just 0.1 lots FLAT for all trades instead of scaling in upto 1 full lot. can you throw some light on your scaling teachnique. thanks & regardsIgnored
DislikedGeo I understand the way you manage your MM , but could you give us a hint , about the signal you use to open a position , you are talking about PA but could you be kind enough to give us some tips please, how do you decide going long or short ?Ignored
Disliked{quote} geomink, Can you clarify this point about JPY "weak" or "strong"? If you trade only in direction of trend, then why enter the opposite direction? If EUR is strong and JPY is weak, then EUR/JPY pair would be trending up so the entry is a buy. Are you saying you will buy on pullback?Ignored
Disliked{quote} I think what he was trying to say is current EUR is strong and JPY is weak. He will look for the JPY pair itself to check if it is strong movement at the moment, it might be counter trend for itself. So when EUR and JPY is strong, EUR/JPY should behave sideway movement or no trend, so this is the right time to enter the position.Ignored
Disliked{quote} "EUR" or "JPY" don't exist by itself. It is a base vs quote pairing, so you are trading EUR/JPY. I don't understand what you mean by looking for "JPY pair" because there is no single component chart. It has to be paired with another currency in order to describe the strong movement or countertrend movement you mentioned, i.e. strong vs which currency? weak vs which currency? He wasn't talking about EUR/JPY being sideways or no trend, he clearly said EUR strong vs JPY weak and he trades in direction of the trend. You are saying to enter...Ignored