Dislikedgood trading pipster1! I had this GU short yesterday but had a BE. I was pretty sure it would fetch me 1:1 but did not. Was this not a good trade? {image}Ignored
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Dislikedgood trading pipster1! I had this GU short yesterday but had a BE. I was pretty sure it would fetch me 1:1 but did not. Was this not a good trade? {image}Ignored
Dislikedhi pipster1, i took this GU short trade but hit SL. Wonder if you would have taken this too and if not, why not. I thought it was a good one. Thanks in advance! {image}Ignored
DislikedBut got my money back and then some by doubling (1st level martingale) the next trade lot size. An EU short {image}Ignored
Disliked{quote} Really lovely trading Pipster! I enjoy following your posts. One question re: martingale. Do you use this often? I've never been game to employ a direct martingale money management strategy. It just doesn't work for my psychology. Would be interesting to hear your thoughts on the topic if you're able to!Ignored
Disliked{quote} Hello Lester: I used to be anit-martingale. But have converted. I started this strategy this year and I only use a 3 deep martingale. In other words, lets say you determine your standard lot size is 0.5. If I lose a trade with a 0.5 lot, the next trade will be 1.0. If you lose again, the next trade will be 2.0 Of course I am looking for at least 1:1 RR, but prefer greater than this. If I lose 3 in a row I am done for the day. The strategy is based on the fact that I almost never lose 3 in a row, and my SL is generally never more than 25...Ignored
Disliked{quote} Ha... took the same trade. Couldn't watch things so set it and forgot the trade. If I could have watched, I would have moved to BE after the first skew. Really we should have waited for a brown line DT as shown in the diagram. when you have a strong push in one direction, better to wait for brown line double tap before moving against the trend. {image}Ignored
Disliked{quote} Ha... took the same trade. Couldn't watch things so set it and forgot the trade. If I could have watched, I would have moved to BE after the first skew. Really we should have waited for a brown line DT as shown in the diagram. when you have a strong push in one direction, better to wait for brown line double tap before moving against the trend. {image}Ignored
DislikedBut got my money back and then some by doubling (1st level martingale) the next trade lot size. An EU short {image}Ignored
Disliked{quote} Thanks. Good explanation. However, which first skew are you referring to which could have made you want to move it to BE? Its good to know how you see it.Ignored
Disliked{quote} Good trading! But not sure what you see in this trade. I would have thought it's hit the support (grey zone) and might bounce upwards but you went for the short! Glad if you can share what your thoughts are. Thanks.Ignored
Disliked{quote} Hi Pipster1, what kind of chart are you using? or what kind of indicator are you using? Is it free or commercial product? Thanks!Ignored
Dislikedhi there. i use the same software/charts as pipster accept the M33 (tickchart) i use a M1850 chart (mean renko 8) instead of the M33 chart. here are some trades from yesterday and today. all 3 trades were taken on a M1850 chart yesterday {image} today {image} still need some work on my target skillsIgnored