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Ben10 Trade The Trend

  • #41
  • Nov 17, 2017 2:10am Nov 17, 2017 2:10am
Quoting sunny2way
{quote} Love your ADR indicator, please can you post the ADR software ?
Hey sunny, guess you were referring to the one on my post? If so, it's not one that I coded, it's the "Greedy Pig" one that's been around for a while. Attached, enjoy
Attached File(s)
File Type: ex4 TheGreedyPig_ADR_v6.ex4   18 KB | 631 downloads
  • #42
  • Nov 17, 2017 3:49am Nov 17, 2017 3:49am
Hi thanks for sharing..
is that ok using this strategy for lower TF like 15minutes?
and for lower TF are we still need to refer to weekly open? or daily?
  • #43
  • Nov 17, 2017 4:26am Nov 17, 2017 4:26am
Quoting VroomVroom
Hi thanks for sharing.. is that ok using this strategy for lower TF like 15minutes? and for lower TF are we still need to refer to weekly open? or daily?

Don't want to hijack the thread but just wanted to say, I use a very similar strategy on M15 all day long with very good results
  • #44
  • Nov 17, 2017 4:37am Nov 17, 2017 4:37am
Quoting BSFilter
{quote} Don't want to hijack the thread but just wanted to say, I use a very similar strategy on M15 all day long with very good results
Do u mind to share in any link to refer?
  • #45
  • Nov 17, 2017 5:17am Nov 17, 2017 5:17am
Quoting VroomVroom
{quote} Do u mind to share in any link to refer?
No sorry, this is not my thread, pay respect to Ben10 here
  • #46
  • Nov 17, 2017 6:18am Nov 17, 2017 6:18am
Hello Ben,do u closed the pose until end of the week ?? tq
  • #47
  • Nov 17, 2017 6:49am Nov 17, 2017 6:49am
Need to understand something here.
I might be barking up the wrong tree but I have looked at your recent 3 trades in EURCAD.

Assuming your account size before the trades were opened was $10000, after closing the trades, your account balance went up by 20%. You had 3 trades and the total gain was 40 pips.

To me this means that to gain $2000 or 40 pips, you must have traded 50 standard lots across 3 positions.

So, on a $10000 account you have risked $1 for every $200 in your account. I am not sure what your margin arrangements are but that is a huge risk.

Is it surprising that, according to you, you lost $6000 in 3 minutes.
None the wiser!
  • #48
  • Nov 17, 2017 7:25am Nov 17, 2017 7:25am
enochben

Just noticed that you have opened a trade GBP/JPY sell at 148.51 the lowest fractal is at 148.04 for the week, can you please explain why you placed the trade at this level, thanks
Plan, Patience, Profit
  • #49
  • Nov 17, 2017 8:13am Nov 17, 2017 8:13am
Quoting sugarman
enochben Just noticed that you have opened a trade GBP/JPY sell at 148.51 the lowest fractal is at 148.04 for the week, can you please explain why you placed the trade at this level, thanks
Experience. I missed an entry at 148.70 - I noticed an inside bar and decided to jump in at 148.51.

I have traded GBPJPY probably more than any other pair and I kinda have a feel for it. So when I see the low being taken out followed by an inside bar - I know if there is no news and price take out the inside bar low - price will go ahead and make new lows.
  • #50
  • Nov 17, 2017 8:18am Nov 17, 2017 8:18am
Quoting sunny2way
{quote} Love your ADR indicator, please can you post the ADR software ?
Attached File(s)
File Type: ex4 Daily Range PeterE (2).ex4   10 KB | 762 downloads
  • #51
  • Nov 17, 2017 8:21am Nov 17, 2017 8:21am
Quoting BSFilter
{quote} No sorry, this is not my thread, pay respect to Ben10 here
My ego is not that big - feel free to share if you think it will help!
  • #52
  • Nov 17, 2017 8:22am Nov 17, 2017 8:22am
Quoting enochben
{quote} Experience. I missed an entry at 148.70 - I noticed an inside bar and decided to jump in at 148.51. I have traded GBPJPY probably more than any other pair and I kinda have a feel for it. So when I see the low being taken out followed by an inside bar - I know if there is no news and price take out the inside bar low - price will go ahead and make new lows.
Ok, thanks for that.

Did you re-enter again on a new low (fractal) AUD/JPY
Plan, Patience, Profit
  • #53
  • Edited 8:42am Nov 17, 2017 8:32am | Edited 8:42am
Quoting FxClown
Need to understand something here. I might be barking up the wrong tree but I have looked at your recent 3 trades in EURCAD. Assuming your account size before the trades were opened was $10000, after closing the trades, your account balance went up by 20%. You had 3 trades and the total gain was 40 pips. To me this means that to gain $2000 or 40 pips, you must have traded 50 standard lots across 3 positions. So, on a $10000 account you have risked $1 for every $200 in your account. I am not sure what your margin arrangements are but that is a huge...
I have no idea how you are coming up with the numbers. Suffice to say you are probably way smarter than me.

I trade with a broker that uses bitcoin (PM me for details) as the base currency - so I don't really know or pay attention to the dollar amount I have lost or made till the end of the week. For me - if I count dollars while trading I tend to end trades too early and I move my stops prematurely. For me just focusing on taking good trades with the trend works better.

As far as a 6k loss on a single trade, that will never happen again. I never trade without a stop loss anymore. When I lose a trade I'm ok with it and I know I can live to trade another day. I have an EA to automatically add SL and TP levels for any trade I enter. I might not know the $ amount, but I know going in what % of my account is at risk.

Will I risk 20% of my account? Occasionally. Each trader has to determine their tolerance for risk.
  • #54
  • Nov 17, 2017 8:39am Nov 17, 2017 8:39am
Quoting sugarman
{quote} Did you re-enter again on a new low (fractal) AUD/JPY
If you are referring to 85.62 - I don't know what I was doing but for some reason I missed that one. If you are referring to the recent inside bar or any other lows of this morning the answer would be NO.

First it's Friday and I've already had a pretty good day - greed is a funny emotion. Fat pigs get slaughtered.

Second, looking at the ADR - price has already exceeded its normal daily range and almost doubled yesterdays range.

Attached Image
  • #55
  • Nov 17, 2017 9:09am Nov 17, 2017 9:09am
Quoting enochben
{quote} I have no idea how you are coming up with the numbers. Suffice to say you are probably way smarter than me. I trade with a broker that uses bitcoin (PM me for details) as the base currency - so I don't really know or pay attention to the dollar amount I have lost or made till the end of the week. For me - if I count dollars while trading I tend to end trades too early and I move my stops prematurely. For me just focusing on taking good trades with the trend works better. As far as a 6k loss on a single trade, that will never happen again....

Great Response.........Love this threAD!!
  • #56
  • Nov 17, 2017 9:11am Nov 17, 2017 9:11am
Quoting enochben
{quote} I have no idea how you are coming up with the numbers. Suffice to say you are probably way smarter than me. I trade with a broker that uses bitcoin (PM me for details) as the base currency - so I don't really know or pay attention to the dollar amount I have lost or made till the end of the week. For me - if I count dollars while trading I tend to end trades too early and I move my stops prematurely. For me just focusing on taking good trades with the trend works better. As far as a 6k loss on a single trade, that will never happen again....
I am glad to read your reply. Cheers
None the wiser!
  • #57
  • Nov 17, 2017 9:27am Nov 17, 2017 9:27am
Sorry, you're using a broker that uses Bitcoin as the base currency? Seriously????
  • #58
  • Nov 17, 2017 10:06am Nov 17, 2017 10:06am
Quoting BSFilter
Sorry, you're using a broker that uses Bitcoin as the base currency? Seriously????
serious as a heart attack.
  • #59
  • Nov 17, 2017 8:52pm Nov 17, 2017 8:52pm
Quoting BSFilter
{quote} Hey sunny, guess you were referring to the one on my post? If so, it's not one that I coded, it's the "Greedy Pig" one that's been around for a while. Attached, enjoy {file}
Yes, that's great thank for the indicator just love it
  • #60
  • Nov 20, 2017 1:14am Nov 20, 2017 1:14am
I look at your 3 EURNZD trade at same open time and close different time and another pair too. What your strategy ?
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