Disliked{quote} Hi, One question please: the line derived by the channels cross acts as a magnet for price. Is that it? Thanks and Regards S.Ignored
SF
- | Joined Sep 2008 | Status: Member | 665 Posts
By the way,
My eyes often see a picture like this "cap":
(upper OR lower band "crosses" ITSELF with spikes)
I think it's just a variant of SF's blue indicator's trendline technic,
but it strongly gives return&TP as I can see. And repeats often.
.
The question is where to set SL? Not a nearest spike, not a current band price are good.
My eyes often see a picture like this "cap":
(upper OR lower band "crosses" ITSELF with spikes)
I think it's just a variant of SF's blue indicator's trendline technic,
but it strongly gives return&TP as I can see. And repeats often.
.
The question is where to set SL? Not a nearest spike, not a current band price are good.
- Joined Jul 2018 | Status: Member | 486 Posts
{quote} I belive we need to trade without SL. But use SL as a balance. For example we deposit 100 eur and our risk is 100eur if we make 100 eur we withdraval it if we lose then deposit another 100 eur.
SF
{quote} {image} So...I didn't take the bounce trade on gbpjpy, because I was asleep, however the trend line was respected, price paused at that level, broke it, it came back to it, became resistance and bounced down from it. Took a small trade for small profit (all trail and error for me at the moment. I'm starting to really like these lines
Cheers Ezzy
- | Joined Oct 2008 | Status: Learning | 1,050 Posts
What you do is a reflection of you....what I do is a reflection of me.
- Joined Nov 2008 | Status: Member | 1,837 Posts
{quote} I belive we need to trade without SL. But use SL as a balance. For example we deposit 100 eur and our risk is 100eur if we make 100 eur we withdraval it if we lose then deposit another 100 eur.
But then you loose the value of compound...
500 Euros:
100 Trades a month, with a tiny 0,2 R edge, compounds roughly to a million in a couple of years.
That is the challenge!
To trade for 100 bucks a day?...too much work for little money.("mucho trabajo, poco dinero").
- | Joined Sep 2008 | Status: Member | 665 Posts
{quote} It Is possible but not really needed for example if you scalp. Even then if you enter with exact rules, you will be more in profit than in negative balance. SF
Do you mean trendlines strategy or channel cross?
Do exact rules regulate SL?
[quote=cuchuflito;11438848]{quote} But then you loose the value of compound... 500 Euros: 100 Trades a month, with a tiny 0,2 R edge, compounds roughly to a million in a couple of years. That is the challenge! To trade for 100 bucks a day?...too much work for little money.("mucho trabajo, poco dinero").[/q 1uote]
Me gusta sun un dos tres quatro sinkonses pappy. If pattern what we talk anbout works 99%of time. then its best money managment by logic not to use stop loss
That is the challenge! To trade for 100 bucks a day?...too much work for little money.("mucho trabajo, poco dinero").[/q 1uote]Me gusta sun un dos tres quatro sinkonses pappy. If pattern what we talk anbout works 99%of time. then its best money managment by logic not to use stop loss
[quote=ficibald;11441942]
This is also something personal.....i rather have a 1:2 risk to reward and a 60 %winning percentage .... I don't like big DD and cut my losses early, you can also use a emergency stop but I think this is something personal
{quote} But then you loose the value of compound... 500 Euros: 100 Trades a month, with a tiny 0,2 R edge, compounds roughly to a million in a couple of years.
- | Joined Sep 2008 | Status: Member | 665 Posts
{quote} Channels and TL too
Almost every time. I use big SL but it continues trend usually and hit SL. How do you guys make it win 99% - I just don't know.
{quote} Channels losses almost every time to me
I've tried to show the strategy in the chart and my trades so far this morning (it still has a bit further to go down). Ultimate SL is a trend change but putting in a BE after the move covers you. Price usually reaches the spike but I tend to place the TP a few pips above as it can stall around the spike area.
- Joined Nov 2008 | Status: Member | 1,837 Posts
[quote=Patje;11442025]
Math is math, you can put a stop, control your drawdown, organize your bets, equalize your Risk.
If you then have an edge, AND compound.
Then BINGO, you get to invite Warren (Buffett), for lunch, and you pay the bill.
Like I said, itīs only very simple math...donīt forget, if you have an edge, run it through compound (excell, easy)...input average number of trades, expectancy, etc..
Simply put: 10 % monthly, COMPOUNDS to triple your account in a year.
Thatīs already ourstanding, some people do 10% a week.
Only problem for many, is once big money comes in , lot size getīs too big for some brokers.
(Btw. it is not my case...Iīm barely BEven!)
Best trader I know, mentioned, that once you get your game working, you make so much it should be forbidden!!!!!!!!
Worth a try correct?
Just my humble 2 cents.
{quote} This is also something personal.....i rather have a 1:2 risk to reward and a 60 %winning percentage .... I don't like big DD and cut my losses early, you can also use a emergency stop but I think this is something personal
If you then have an edge, AND compound.
Then BINGO, you get to invite Warren (Buffett), for lunch, and you pay the bill.
Like I said, itīs only very simple math...donīt forget, if you have an edge, run it through compound (excell, easy)...input average number of trades, expectancy, etc..
Simply put: 10 % monthly, COMPOUNDS to triple your account in a year.
Thatīs already ourstanding, some people do 10% a week.
Only problem for many, is once big money comes in , lot size getīs too big for some brokers.
(Btw. it is not my case...Iīm barely BEven!)
Best trader I know, mentioned, that once you get your game working, you make so much it should be forbidden!!!!!!!!
Worth a try correct?
Just my humble 2 cents.