LOST OF 47 PIPS. -bad trade!
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Yvon
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Dislikedhello,my friend .you always do well .i am sorry you lost pips .i meet this problem ,too. some times ,i just set up the sl below the 21ema ,then price break the 21ema ,BUT ,finnaly CLOSE above it .so ,i prefer to see the close price ,if the close price is above 21ema ,then the trend is right .the close price of the bar is more important ,i think .
and ,i think if you change your trend line more accurately, it will be different .maybe you can set up the sl below the trend line ,it will be better .
however ,we wil win the next time ,because...Ignored
Dislikedthanks for the comments,
the trade is not that bad, but when I dig , I really dig! I loose too. the past month I almost double the account (I shouted like tarzan! :-) ) then lost,start digging! (Tarzan was far away! :-) )
I am still on board, in the(little bigger boat) boat,floating, but I still need to pump the water out, that's what I meant a couple weeks ago. It is probably because I augmented the value ($) of a lot.- I think it's because of emotion involved.- still something to control.
I agree on your drawing completly! I saw it just before...Ignored
Dislikedit is the first part that I don't know how to do it : how to save a chart from the platform to the desktop!
thanks again for your help,Ignored
Dislikedright-click on the screen,then you will see the button " save as picture ".Ignored
DislikedNormal selection then is " Active chart (as is) " but if you choose " Active workspace " is looks like this (or whatever you have on screenIgnored
DislikedHi
I’ve been reading about this strategy and like to try it. However, I am having trouble setting up my MACD indicator. I use Interactive Broker’s Trading Work Station (TWS) and when I try to set up the MACD to 5,13, 1 EMAs, it does not work. I called them and was told that I can’t have the value 1. The lowest I can input is 2 (5,13,2). Is this a significant deviation from the strategy? How does this affect the strategy? If there are other TWS users, I appreciate your suggestions to overcome this problem.
Thank you,Ignored
DislikedIt does not matter, just focused on the histogram. (5,13,x) or (5,13,1) show the same histogram. Howoever, your macd histogram may not be correct if you are not using the Metatrader, confirmed this using a demo metatrader account.Ignored
DislikedHi
Trademin it is part of trading to lose as long you traded your plan and not emotions.
This is a trade i have just taken and i will manage it accordingly. I anticipate it to test the weekly resistance which is at 1.0700-1.0750.
Thanks.Ignored
DislikedIt not matters the pips, it is your POSITION SIZE that will make or break you; are you using 2% of account risk?
Do you use an online calculator to adjust POSITION SIZE for each trade according to the Stop Loss?
Have you seen this one?
http://www.earnforex.com/position-size-calculatorIgnored