DislikedToday i m going to share another strategy/trade plan for those who like to wait and aim for a higher R/R.Ignored
Hello zamfir,
what do you think regarding this possible EUR/SEK short,
when the market makes a new low ?
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedToday i m going to share another strategy/trade plan for those who like to wait and aim for a higher R/R.Ignored
Disliked{quote} Hello Adhavan, I'm not about to give you any advice but just something to think about. I often read people talk about risking 2% per trade, and it's usually broker educational sites that push this propaganda. I can understand why they would want us to follow this MM rule, because it would increase our longevity in the market, meaning more spreads and commissions for them. But does it benefit you and I in the least way? Let's compare two traders, one that uses the 2% per trade rule and one that uses a fixed amount per trade. Both traders...Ignored
DislikedShort GBP/JPY. I start to like that pair. Test of 191.00 box with 30M pin. Not so much space, but strong downward rally and the GBP data today convinced me to enter at a new intraday low around 190.60. Took it out at 190.25 box around RR 1:1. {image}Ignored
Disliked{quote} Hello zamfir, what do you think regarding this possible EUR/SEK short, when the market makes a new low ? {image}Ignored
Disliked{quote} I will give you 2 exampels, and maybe you should rethink your opinion after that. Trader A (uses fixed amount - $200 to make the comparison fair - Account size $ 10,000): needs 50 Losing Traders to burn his account Trader B (uses the 2% rule - Account size $ 10,000): needs over 350 Losing Trades to burn his account I know, thinking about the loosing Trades is boring, so let's do the same think for 10 Winners in a Row. Let's use the same RR 1:3 like in your example. Trader A (uses fixed amount - $200 to make the comparison fair - Account...Ignored
Disliked{quote} hey Courtney! Could you explain what was your reason to enter? Not seeing it very clear. Thanks!Ignored
Disliked{quote} Did you let this trade run Kershey? Good job on your TP anyway. I'm in on this one too on a H4 IB.Ignored
Disliked{quote} Well, took profit around RR 1:1. But when I see it now it would have been RR 1:4. Unfortunately I neglected the strong 4H close. But in principle thats what Iam looking for, a potential runner like this. Hope your H4 IB worked out with better RR.Ignored
Dislikedtoday's trades update: Gbp/jpy short. 100 pips profit locked, letting trade run. Risk managed. Gbp/usd short. 2 orders set. 1st target hit. Profit taken. S/l now at be. Letting it run. Risk managed. Usd/jpy short. Moved stop to be. In profit. Letting it run. Risk managed. Eur/jpy. Short. Moved stop to be. Target almost reached. Risk managed. All zero risk trades from here.Ignored
Disliked{quote} I will give you 2 exampels, and maybe you should rethink your opinion after that. Trader A (uses fixed amount - $200 to make the comparison fair - Account size $ 10,000): needs 50 Losing Traders to burn his account Trader B (uses the 2% rule - Account size $ 10,000): needs over 350 Losing Trades to burn his account I know, thinking about the loosing Trades is boring, so let's do the same think for 10 Winners in a Row. Let's use the same RR 1:3 like in your example. Trader A (uses fixed amount - $200 to make the comparison fair - Account...Ignored
Disliked{quote} Thank you Mam. Your GBP/USD is looking gooood too. Good trading Inco.Ignored
Disliked{quote} YES YES YES this is SUPER important and accurate. Compounding is a traders best friend both for when we win and to help us scale back when we lose Great post MF and please take note folks MikeIgnored
Disliked{quote} Thanks my friend. Also, I noticed DMD shared a "Double bar low higher close" bull setup. So I scampered to the start of this thread and yeah it was there in James' charts. Honestly? I never knew such a signal existed. And I suppose the DBHLC is its bearish sibling? I really ought to go through this thread thoroughly. Nice!Ignored