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Consist Oct 9, 2019 6:57am | Post# 4261

@Kirinda and @Neil001

Thank you for your all criticism and suggestions, in almost all cases, people often differ in opinions, I will continue, because now I am busy.

When you have been a while here at FF you will see almost all of trade explorer with high return will disappear after a while because they risk too much or do not use stop loss. For example the leader today for 2019 I see he had a loss of -55.8% in one trade.

Even in this thread I see a person that loss 50% of his capital on a real account in one month by using 5% of his capital per trade. And when you start too loose much on a real account the psychology will kick in and you start to make
trading mistakes. I have been here for 6 years and I see the unexperienced risk much more than the experienced.
When I started to trade I risk 5% per trade now I risk 0.5%.

If you risk 5%, R:R 1:2 and you have 50% win-rate in theory you will not risk ruin, but what if your win-rate fall to 35% a month or two? Check out the risk of ruin tables with Chis Capre: https://2ndskiesforex.com/trading-st...u-should-know/

-----------------------------
Hey Consist - your logic is slightly flawed for trading bro - do some further investigation into R:R, trade and money management - it will save you tons of money in the short, medium and long term.

foureggs Oct 9, 2019 8:53am | Post# 4262

{quote} Thank you for your response and advice. In my opinion that to get 100% is not with one trade, but from several trades. Let me calculate with the formula you gave: 2% Risk Balance=1,000 Trade=1,000 Loss= (2 %x 1000) x 500= 10,000 Profit= (4%x1000) x 500= 20,000 Net Profit= 20,000-10,000= 10,000 = 1,000% 5% Risk Balance=1,000 Trade= 100 Loss= (5 %x 1000) x 50= 2,500 Profit= (10%x 1000) x 50= 5,000 Net Profit= 5,000-2,500= 2,500 = 250%

I am not sure what you like to proof with this?

Consist Oct 9, 2019 9:19am | Post# 4263

{quote} I am not sure what you like to proof with this?
OK, Thankyou.

foureggs Oct 9, 2019 10:04am | Post# 4264

{quote} OK, Thankyou.
uw

Consist Oct 9, 2019 7:18pm | Post# 4265

Try and learn to maintain position, I will close when the H4 candle changes color or SL + is touched naturally. {image} {image} {image} {image}
Hit SL++

Consist Oct 9, 2019 7:21pm | Post# 4266

Interesting contropercial reading to learn.

https://www.forexfactory.com/showthread.php?t=648319

neil001 Oct 9, 2019 7:25pm | Post# 4267

Interesting contropercial reading to learn. https://www.forexfactory.com/showthread.php?t=648319
LMAO - he has been trying since 2017 and hasn't even come close - he is better off at a casino!!!!

NewbTrader7 Oct 10, 2019 12:29am | Post# 4268

1 Attachment(s)
Aud/cad | All 7 look good. Bought some, let’s see how she roars.
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Consist Oct 10, 2019 4:05am | Post# 4269

Aud/cad | All 7 look good. Bought some, letís see how she roars. {image}
I waiting M5 to UP

forexdg Oct 10, 2019 5:11pm | Post# 4270

4 Attachment(s)
all trades I take is lost everytime
I dont understand why this strategy is not working
r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put
all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal
audusd
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gbpusd
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gbpcad
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gbpsgd
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neil001 Oct 10, 2019 5:27pm | Post# 4271

all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}
Hey Forexdg - these trades were all affected by the Brexit news overnight = an exceptional event that can't be predicted or protected against. It is a fact of trading and this time it went against you - next time it may go in your favor

NewbTrader7 Oct 10, 2019 9:53pm | Post# 4272

1 Attachment(s)
{quote} Hey Forexdg - these trades were all affected by the Brexit news overnight = an exceptional event that can't be predicted or protected against. It is a fact of trading and this time it went against you - next time it may go in your favor
I know people are trading the gbp but I wonít touch it. Just be patient and look elsewhere. All that hoopla will dissipate soon and then itís back to work. Right now itís just a coin toss.

AUD/CAD | UPDATE | Bought some more. Being patient.

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DON-K Oct 11, 2019 4:12am | Post# 4273

If you're trading GBP Pairs, i think the best thing to do is to sit tight in front of your computer as if you are scalping. News caused the spike yesterday and don't be surprise if it reverses again.

foureggs Oct 11, 2019 8:55am | Post# 4274

all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}

most of them what I can see you took against the trend, bad idea, counter trend trades are more often lost than won
would be nice if you show chats that one can see which pair it is, just an opinion

abarrett Oct 11, 2019 9:22am | Post# 4275

all trades I take is lost everytime I dont understand why this strategy is not working r:r was always 1:2 and follow stoploss with 2 bar lookback, but it doesnt mater this because they are all loser anyway no mater what reward you put all d1 continuation trades and they all look good when I take them and now indicators repaint and look like it was not a signal audusd {image} gbpusd {image} gbpcad {image} gbpsgd {image}
As mentioned, be careful of any GBP pairs because of Brexit! On LTF's there could be some great opportunities if you scalp successfully..........I can't so far.

Did anyone take AUDCHF on Daily and H4 short yesterday night (GMT)? It looked like a good trade to me but hit SL. I tried a few other pairs on H4 and H1 and lost all. I will stick to Daily and monitor H4 for now as LTF's I can't seem to trade.

Last night I was looking at Long (Daily):
NZDJPY
NZDCHF

I didn't take them because I took a hammering on Simpler and thought best to sit aside because as I'm learning this system. Wish I'd taken them now but that's hindsight! Anyone else trade these and if not why not?

On my system I saw Long (Daily)

Most GBP pairs but favoured GBPCAD
EURJPY

I didn't want to risk more on additional GBP pairs. I didn't see these as valid on Simpler yesterday but today look like a long signal? When back testing it looks like a possible signal a day earlier except lagging a bit on the SMMA's but RSI looks good. Is everyone dead strict about the SMMA's being above or below the zero line? I assume you should, be but easy to make assumptions while looking back.

So I made enough pips overnight of have a small profit after a weeks loss. Some luck perhaps but I followed my signals even against trend because my baseline was good but carries higher risk. Long term I don't know if successful the way I do things now but I do like the Simpler system and testing in parallel......Thanks Robinhood, but I have a lot to learn here.

abarrett Oct 11, 2019 9:30am | Post# 4276

Aud/cad | All 7 look good. Bought some, letís see how she roars. {image}
That's really interesting! I had this as a Long too last night BUT looked today and thought maybe I'd made a mistake! On your chart the RSI is above zero but if I look now, it hasn't gone above and remains below. If it turned I would have though I'd see yesterdays RSI spike slightly above and then drop below now but I don't, so looks like a repaint? Anyone else seen this?

abarrett Oct 11, 2019 9:33am | Post# 4277

Is anyone interested in setting up or being involved in a Discord Chat for trade alerts? Not to blindly follow but to share analysis and thoughts on H4 and Daily or whatever? Just a thought.

foureggs Oct 11, 2019 10:47am | Post# 4278

1 Attachment(s)
{quote} That's really interesting! I had this as a Long too last night BUT looked today and thought maybe I'd made a mistake! On your chart the RSI is above zero but if I look now, it hasn't gone above and remains below. If it turned I would have though I'd see yesterdays RSI spike slightly above and then drop below now but I don't, so looks like a repaint? Anyone else seen this?
not to be smart, but if one looks to the right, we have a peek up in an official downtrend (I see the uptrend only as an correction)
which makes a trade vulnerable to react
one should always take this into consideration when entering a trade, look how much pips are available, before
it hits a level to respond
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monty20 Oct 11, 2019 11:02am | Post# 4279

{quote} Hey Consist - your logic is slightly flawed for trading bro - do some further investigation into R:R, trade and money management - it will save you tons of money in the short, medium and long term.
Hey Neil, can you suggest some good articles or eve books on this? Or anyone else for that matter. I have an idea on it but Iíd definitely like to be sure before investing a lot. Thanks

DrDave Oct 11, 2019 11:05am | Post# 4280

{quote} not to be smart, but if one looks to the right, we have a peek up in an official downtrend (I see the uptrend only as an correction) which makes a trade vulnerable to react one should always take this into consideration when entering a trade, look how much pips are available, before it hits a level to respond {image}
But if you only look LEFT of the green Vline, you see an official downtrend OVERDUE to go up. However, your comment of "look how much pips are available" is only a hindsight observation. Based on your speculation of the up move as only a trend correction, then the PREVIOUS up moves are more indicative of what to expect if this is a correction similar to those. The fact that the current "correction" started off with 2 large-bodied bars and continued marching upward is more indicative of a trend change underway, in keeping with "overdue to go up", rather than a simple correction.

In any case, if one has decided to enter at the green VLine, be aware that if this is a 50% correction, it is nearly at the target. A more conservative entry would be to wait for the retracement of this leg and see if it is a higher low and if so, buy the continuation. And indeed, this is what played out.


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