AU Jan30 pre-Frankfurt open
- a pullback entry at the Day Open
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- a pullback entry at the Day Open
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,643
- Jan 30, 2025 8:05pm Jan 30, 2025 8:05pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} How do you managing your exits? When do you moving your SL, do you giving your trades breathing room to move? Thanks Martin
Develop your trading system' Exit Strategy based on this :
Option One:
"Cut-Losses-Short, Let Profits Run".
For example, when you trade plan has the potential to run 5R, then your Stop Loss is minus 1R.
Trade management would be simple and easy, juts use 'Set-and-Forget' and you do not need to move your initial SL and let the market decide.
Option Two:
Manage your trade by moving your initial SL using the R-Multiple.
To maximize profit, be prepared to give back to the market 50% of the move i.e. protect 50% of the move.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,644
- Jan 30, 2025 8:08pm Jan 30, 2025 8:08pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
XAU Jan31
- after that nice bullish move yesterday
- looking for a single buy entry today would be a challenge
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- after that nice bullish move yesterday
- looking for a single buy entry today would be a challenge
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,645
- Jan 30, 2025 8:23pm Jan 30, 2025 8:23pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
BTC Jan31 Daily
- sell @Daily open today, SL above yesterday' High
- target 2R to 3R
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- sell @Daily open today, SL above yesterday' High
- target 2R to 3R
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,646
- Jan 31, 2025 1:38am Jan 31, 2025 1:38am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
BTC Jan31 Daily - sell @Daily open today, SL above yesterday' High - target 2R to 3R {image} ...
BTC Jan 31 London session
- possible entry when H1 shows a rejection candle at Daily SnR @104598
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,647
- Jan 31, 2025 1:42am Jan 31, 2025 1:42am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
XAU Jan31 - after that nice bullish move yesterday - looking for a single buy entry today would be a challenge {image} ...
- what can happen at BRN2800?
- look for a LTF swing low for entry with small initial SL
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,648
- Feb 2, 2025 12:51am Feb 2, 2025 12:51am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
BTC Jan31 Daily - sell @Daily open today, SL above yesterday' High - target 2R to 3R {image}
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BTC Friday Jan31
+2R trade
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,650
- Feb 2, 2025 7:33pm Feb 2, 2025 7:33pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
Is this like a strategy that is started and then forgotten until a few days later we see what surprises we will get? (big profit or big loss).
Think of low risk trading idea for every trade and better reward of +3R and above for every trade. You Do Not need high win rate.
Inserted Video
>>> Cut-Losses-Short, Let-Profits-Run
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,651
- Feb 2, 2025 7:56pm Feb 2, 2025 7:56pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Friday Jan31 +2R trade {image} ... {image}
Will there be demand later?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,652
- Feb 3, 2025 6:39pm Feb 3, 2025 6:39pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Monday Feb03 week ... 'falling knife' Will there be demand later? {image}
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BTC Feb03 there was demand at Weekly SnR
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,653
- Feb 4, 2025 12:02am Feb 4, 2025 12:02am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
BTC Feb04 Tokyo 3pm
- 4Hr buy at Weekly SnR 98489
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- 4Hr buy at Weekly SnR 98489
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,654
- Feb 4, 2025 7:27pm Feb 4, 2025 7:27pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
BTC Feb04 Tokyo 3pm - 4Hr buy at Weekly SnR 98489 {image}
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BTC Feb05 Tokyo 10am UPDATE:
- I will wait and see if it breaks above psych 100000 then consider possible buys,
- only need one entry a day Risk:Reward 1:3 minimum and protect then "Let-Profits-Run"
- just follow simple rules for entries and exits every day,
..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,655
- Feb 5, 2025 9:13pm Feb 5, 2025 9:13pm
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Feb05 Tokyo 10am UPDATE: - I will wait and see if it breaks above psych 100000 then consider possible buys, - only need one entry a day Risk:Reward 1:3 minimum and protect then "Let-Profits-Run" - just follow simple rules for entries and exits every day, {image} .. {image}
BTC Feb 06
- Daily does not look good
- 4Hr is a possibility
- my preference is still to wait for market to make its move above the psych level 100000.
- but I can also play the LTF scalping
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,656
- Feb 6, 2025 4:34am Feb 6, 2025 4:34am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Feb 06 - Daily does not look good - 4Hr is a possibility - my preference is still to wait for market to make its move above the psych level 100000. - but I can also play the LTF scalping {image}
..
BTC Feb 06 UPDATE:
- there is room to BRN100000 for a +2R trade
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,657
- Feb 10, 2025 3:24am Feb 10, 2025 3:24am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Feb 06 UPDATE: - there is room to BRN100000 for a +2R trade {image} ... {image}
BTC Feb 10 Frankfurt Open
- price break above Daily SnR 96965, buy place to buy
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,659
- Feb 14, 2025 12:21am Feb 14, 2025 12:21am
- Joined Nov 2008 | Status: Trader | 50,337 Posts
{quote} BTC Feb 06 UPDATE: - there is room to BRN100000 for a +2R trade {image} ... {image}
BTC Feb14
- choppy market
- today targets Daily SnR
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett