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Highest Open / Lowest Open Trade

  • #11,941
  • Nov 7, 2017 4:57pm Nov 7, 2017 4:57pm
Quoting SolidSnake-
Today’s trade, quite a few. Overall -ve day for me. Missed U/J sell, nice set up. 18 trades total, 5 breakeven +1 trades. I closed out 2 trades manually for +2 pips each because I want to close the shop for the day. 7 losers, average of -9 pips. 4 winners average of +10 pips. Need to find way to sort out money management. My losses is usually bigger than my gains. ** Solution find and only enter set up with 5 - 6pips SL {image} {image} {image} {image} {image} {image}
You're learning - and you'll get there. Keep at it.

Always remember that if it suits your trading style, you can bend the rules and re-enter on a losing stop-out if it turns and goes your way again, rather than letting the trade run too long in the hope that it won't go too far against you.
  • #11,942
  • Nov 7, 2017 5:07pm Nov 7, 2017 5:07pm
hi guys

where that red vertical line is is where i entered long on the M15 chart , i lost the trade
is the reason cos price was breaking out?
Attached Image (click to enlarge)
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  • #11,943
  • Nov 7, 2017 5:26pm Nov 7, 2017 5:26pm
Quoting shay14
hi guys where that red vertical line is is where i entered long on the M15 chart , i lost the trade is the reason cos price was breaking out? {image}
No easy answer. It happens. Sometimes we never get to know the answer. It doesn't look like you did anything wrong. Did you go in again on the later entry? You'd have made it all back and more.
  • #11,944
  • Nov 7, 2017 5:32pm Nov 7, 2017 5:32pm
I'd been waiting on this and then missed it as I had to go out tonight, lol...c'est la vie...

Attached Image (click to enlarge)
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  • #11,945
  • Nov 8, 2017 3:51am Nov 8, 2017 3:51am
Just added EG to the screen and this was sitting there, begging...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5asHOLOquickie8thNov17.png Size: 39 KB
  • #11,946
  • Nov 8, 2017 6:20am Nov 8, 2017 6:20am
Took the long entry but was a good boy and left the earlier short (coming out of a breakout)...ho hum, sometimes being good is a right, royal, pain in the proverbial.

Attached Image (click to enlarge)
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  • #11,947
  • Nov 8, 2017 7:56am Nov 8, 2017 7:56am
been testing system a bit more, it is good, only wish i had a large account, 5-10 pips profit on a trade on a micro account is very small change but hope i can fund it sometime soon.
  • #11,948
  • Nov 8, 2017 10:35am Nov 8, 2017 10:35am
Quoting shay14
been testing system a bit more, it is good, only wish i had a large account, 5-10 pips profit on a trade on a micro account is very small change but hope i can fund it sometime soon.
Yes, it's an unfortunate fact of life but never underestimate the power of compounding.
  • #11,949
  • Nov 8, 2017 11:45am Nov 8, 2017 11:45am
Today’s trade…

10 trades total, 4 breakeven +1 trades.

4 losers, average of -10 pips. 2 winners average of +10 pips.

The trade management is not working for me. Seem to cut profit short and let losers run to full stop.

Solution- Still finding it... / Be more picky or combine with the pivot / More could bring subjectivity
Attached Image(s) (click to enlarge)
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When U allow your emotions to dictate your decisions, U make bad decision
  • #11,950
  • Nov 8, 2017 1:14pm Nov 8, 2017 1:14pm
Quoting lemercenaire
Just added EG to the screen and this was sitting there, begging... {image}
It was a case of small shorts here and there through the day for EG, which led to this nice finishing touch...

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5asHOLOsweettofinishtheday8thNov17.png Size: 48 KB
  • #11,951
  • Nov 8, 2017 2:45pm Nov 8, 2017 2:45pm
Quoting SolidSnake-
Today’s trade, quite a few. Overall -ve day for me. Missed U/J sell, nice set up. 18 trades total, 5 breakeven +1 trades. I closed out 2 trades manually for +2 pips each because I want to close the shop for the day. 7 losers, average of -9 pips. 4 winners average of +10 pips. Need to find way to sort out money management. My losses is usually bigger than my gains. ** Solution find and only enter set up with 5 - 6pips SL {image} {image} {image} {image} {image} {image}
Are you following the rules of the 10 trade challenge?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11,952
  • Nov 8, 2017 4:35pm Nov 8, 2017 4:35pm
Last of the day - just a quickie but all good...

Attached Image (click to enlarge)
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  • #11,953
  • Nov 8, 2017 7:56pm Nov 8, 2017 7:56pm
first one for the day.. average +7.5 pips
Attached Image (click to enlarge)
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  • #11,954
  • Nov 8, 2017 10:00pm Nov 8, 2017 10:00pm
Quoting sdatta
first one for the day.. average +7.5 pips {image}
that is one brave entry!
when you opened it, the Day high and Day low was less than 10 pips apart...
there is always, always another trade!!
  • #11,955
  • Nov 8, 2017 10:04pm Nov 8, 2017 10:04pm
Quoting profitfarmer
{quote} that is one brave entry! when you opened it, the Day high and Day low was less than 10 pips apart...
thanks for the feedback.. will take note for the next one.. (dont want to be brave but want to be consistent and take only the higher probability trades).
  • #11,956
  • Nov 9, 2017 2:44am Nov 9, 2017 2:44am
Steady-Eddie start to the day...

Attached Image (click to enlarge)
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  • #11,957
  • Nov 9, 2017 4:09am Nov 9, 2017 4:09am
Attached Image (click to enlarge)
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I usually post on 1-2-3 but thought I would share this awesome GU I caught this morning by chance. Short and took 50% it is currently at +46 with a 20 trailer on in the blink of an eye
  • #11,958
  • Nov 9, 2017 5:11am Nov 9, 2017 5:11am
i've started to combine holo,and pivots
works pretty good and does good for confidence.
  • #11,959
  • Nov 9, 2017 5:33am Nov 9, 2017 5:33am
Attached Image (click to enlarge)
Click to Enlarge Name: 91117holo gu.png Size: 25 KB

Here is the flipside of my earlier short on the GU I got out at around +42. I took it long after the lower open. I am usually reluctant to take those trades on a strong move down. In this case it panned out I sit at +17, not a bad round trip.
  • #11,960
  • Nov 9, 2017 5:56am Nov 9, 2017 5:56am
Quoting hal7
{image} I usually post on 1-2-3 but thought I would share this awesome GU I caught this morning by chance. Short and took 50% it is currently at +46 with a 20 trailer on in the blink of an eye
Yeah, it just kept going and going. When I posted originally, I was thinking it may go a little lower, lol.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5asHOLO-yep-justkeptgoing9thNov17.png Size: 43 KB
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