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Attachments: 1% for each 1 pip (Trading Volatile pairs only)
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1% for each 1 pip (Trading Volatile pairs only)

  • #21
  • Feb 16, 2018 3:55pm Feb 16, 2018 3:55pm
Now 61 pips = 61% Profit
put stop loss on entry point 1.5636
Always there are 2 Stops
1) First Stop Loss on Losing 25% == 25 pips
2) then if it goes in correct direction, change stop loss to entry point
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Forex Philosopher
  • #22
  • Feb 17, 2018 2:56am Feb 17, 2018 2:56am
Would be better to see if you profitted.
  • #23
  • Feb 17, 2018 3:56am Feb 17, 2018 3:56am
Gbpaud: Confluence point at 1.8365
wait then SELL?!
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Forex Philosopher
  • #24
  • Feb 17, 2018 7:39am Feb 17, 2018 7:39am
Quoting Master-Mind
Gbpaud: Confluence point at 1.8365 wait then SELL?! {image}

@ 1.8365 , you place pending order sell_stop , or you wait price action(at lower time frame) at that level to go in sell order ?
  • #25
  • Edited 8:28am Feb 17, 2018 7:58am | Edited 8:28am
Hi Master-Mind

Nice thread! Really like your choice of trading pairs. However I wouldn't include EURJPY - only moves half the distance of say GBPJPY and tends to be very choppy. I never trade the pair


GBPAUD
I don't see it it going much higher. Already doubled topped at 1.800 and I see a shoulder around 1.7800/7850

All in IMHO of course
  • #26
  • Feb 17, 2018 8:19am Feb 17, 2018 8:19am
If we have a stop-loss of 25%, a much more comprehensive/regulatory way would be to say > risk 0.25% / pip
Are we aware the price moves 100 pips... Will we be more likely to take profit when we are 60pips in profit, than to wait until price has fallen again on Break Even...
Check page 1 for all infos...
  • #27
  • Feb 17, 2018 9:35am Feb 17, 2018 9:35am
Quoting Master-Mind
volatile or "fast" pairs are: GBPAUD, GBPNZD, GBPCAD, GBPJPY, EURRJPY, EURCAD, EURNZD, EURAUD Lot Design: the lots should be calculated to guarantee a profit of 1% for each 1 pip movement. so the mathematical rule is very simple: Lots = (1% of Balance)/(pair 1 lot PipValue) Reasons: always through technical indicators and S/R etc .. Conclusion or Target: 100 pips which means doubling your capital once (PROFIT OF 100%)
Recipe for disaster.........25% risk per trade thus MC will occur in just 4 consecutive losses.
  • #28
  • Feb 17, 2018 10:53am Feb 17, 2018 10:53am
What about EURNZD and XAUUSD?

I would ditch EURJPY and EURCAD from the list. Not good pairs to trade IMHO


Are we talking about scalping here too? In that case, higher risk trades are the norm. It's very hard mentally to hang around for hours waiting for a high-leverage trade to reach a target unless one is trading the news and that's do or die of course!
  • #29
  • Feb 17, 2018 11:35am Feb 17, 2018 11:35am
Quoting jmtini
What about EURNZD and XAUUSD? I would ditch EURJPY and EURCAD from the list. Not good pairs to trade IMHO Are we talking about scalping here too? In that case, higher risk trades are the norm. It's very hard mentally to hang around for hours waiting for a high-leverage trade to reach a target unless one is trading the news and that's do or die of course!
However there are people who do it and they tend to have a steady equity curve. That is what we are all in search for as members of forums.
  • #30
  • Feb 17, 2018 2:39pm Feb 17, 2018 2:39pm
Quoting HabibiForex
{quote} However there are people who do it and they tend to have a steady equity curve. That is what we are all in search for as members of forums.
Yes sure. There are a few. How they find the mental strength (and manage to control their nerves) in order to mantain a high leverage trade for a long period especially when the trade goes into the red for quite a while is more important (I think) for us to find out rather then what system they are using, not so!

The mental side is sadly neglected by most retail traders and yet mastering the mental side is the difference between success and failure - no doubt about it.
  • #31
  • Feb 17, 2018 7:10pm Feb 17, 2018 7:10pm
Quoting waddah
{quote} @ 1.8365 , you place pending order sell_stop , or you wait price action(at lower time frame) at that level to go in sell order ?
sell limit of course, may be within two months!
always be patient

you need only in your full live, 6 positions

your live = 6 positions
2*2*2*2*2*2=64

1.8365, MEANS WE WATCH UNTIL PRICE REACH THERE. THEN WE SEE CORRECT TIME, CHECK CALENDER NEWS. THEN WE DECIDE TO ENGAGE IN OR IGNORE. IT DEPENDS ON AT THAT TIME!!

IF THAT DAY PRICE JUMP 120 PIPS OR MORE FROM PREVOIUS CLOSE TO THAT PRICE, AND THIS HA[[ENS AFTER 18:16 GMT+3, THEN SIMPLY IT S A GOOD POSITION!!
YOU WILL SEE+100 PIPS WITHIN HOURS
OR MAY BE WITHIN 5 MINUTES
Forex Philosopher
  • #32
  • Feb 17, 2018 7:19pm Feb 17, 2018 7:19pm
Quoting habibiforex
would be better to see if you profited.
possibility of success through y=this idea is 10% only!

PLEASE, ANSWER THE FOLLOWING QUESTION: (2=100% PROFIT ------ 0.75 = 25% LOSS)
9 LOSSES + 6 PROFITABLE POSITIOONS:

2*0.75*0.75*0.75*2*2*0.75*0.75*2*0.75*0.75*2*0.75*0.75*2 = ???
Forex Philosopher
  • #33
  • Feb 17, 2018 7:42pm Feb 17, 2018 7:42pm
Quoting jmtini
Hi Master-Mind Nice thread! Really like your choice of trading pairs. However I wouldn't include EURJPY - only moves half the distance of say GBPJPY and tends to be very choppy. I never trade the pair GBPAUD I don't see it it going much higher. Already doubled topped at 1.800 and I see a shoulder around 1.7800/7850 All in IMHO of course
EURJPY is a multiplicative pair, e.u. EURJPY = EURUSD*USDJPY

so, assume the following: EURUSD at double top, and due to some reason USDJPY is at a double top!
in this case you have to expect EURJPY will drop more than 200 pips within hours
Forex Philosopher
  • #34
  • Feb 17, 2018 7:48pm Feb 17, 2018 7:48pm
Quoting chuna1985
{quote} Recipe for disaster.........25% risk per trade thus MC will occur in just 4 consecutive losses.
NO
0.75*0.75*0.75*0.75 =31% ( 69% LOSS not 100%) 100%-31% = 69%)
assuming it happening in 4 consecutive . ....
if you win 2 positions after that , you will compensate for all losses with some profit!!
0.75*0.75*0.75*0.75*2*2=126.56%
any stupid who loss 4 times consecutively!
Forex Philosopher
  • #35
  • Feb 17, 2018 8:00pm Feb 17, 2018 8:00pm
Quoting AndrewBa-
If we have a stop-loss of 25%, a much more comprehensive/regulatory way would be to say > risk 0.25% / pip Are we aware the price moves 100 pips... Will we be more likely to take profit when we are 60pips in profit, than to wait until price has fallen again on Break Even...
i appreciate this deep thinling!
1) let us say there are a terminology called "your personal tolerance"
2) let us agree on the "HOLY THING" , every thing could be change except HOLY THING
HOLY THING is a profit of 100% in one position

AndrewBa personal tolerance = 0.25% pip
MasterMind personal tolerance = 1%/pip

in this case you are more safer, but you need movement of 400 pips to get 100%

with voltile pairs, almost you will win in short time!! if your entry on troughs or peaks
Forex Philosopher
  • #36
  • Feb 17, 2018 9:13pm Feb 17, 2018 9:13pm
Quoting jmtini
What about EURNZD and XAUUSD? I would ditch EURJPY and EURCAD from the list. Not good pairs to trade IMHO Are we talking about scalping here too? In that case, higher risk trades are the norm. It's very hard mentally to hang around for hours waiting for a high-leverage trade to reach a target unless one is trading the news and that's do or die of course!
what is your personal tolerance?? 2%, 1%, 0.25%, or 0.02% ??
you should know yourself! nobody else

Here we fight to damage some stupid rules like ratio 2:1, and similar selfish rules!

you can loss 100 position and win 23 positions only, and end with profits more than 500%

always we fight against the most stupidest word called "SCALPING" -- No much difference between begs and humans who use scalping! they will never get successful.

we fight against everything anybody know
Forex Philosopher
  • #37
  • Feb 17, 2018 9:16pm Feb 17, 2018 9:16pm
if you with correct pricing and timing engaged in any position with tolerance of 2%, then if you wait for swing target!! 500 pips!!
your profit will be 1000%

the challenge here resides in best entry!! price entry with no reflection more than 2 to 5 pips!!

please all forget stupid word "Scalping"

in beggining practice, use tolerance of 0.05% to 0.02%

again 0.05% means each 1 pips you profit or loss 0.05%
therefore after 2000 pips you get our HOLY "100% PROFIT"
Forex Philosopher
  • #38
  • Feb 17, 2018 9:24pm Feb 17, 2018 9:24pm
Quoting HabibiForex
{quote} However there are people who do it and they tend to have a steady equity curve. That is what we are all in search for as members of forums.
What is your tolerance??
what is the number that your heart pulse tolerate rhythmically, without need to go to the nearest hospital or commit suicide!

tolerance number reflects your ability with market issues, like acquaintance with technical, fundamental, sentiments etc...

Tolerance number is "YOU"
Forex Philosopher
  • #39
  • Feb 18, 2018 1:04am Feb 18, 2018 1:04am
Quote
2) SECOND RECOMMENDATION:
Quote
EURAUD is now 1.5720
put SellLimit at 1.5835
Reason: Overbought+News of "AUD EMPLOYMENT CHANGE" after 1 hour

cancel, unfortunately we missed it on Friday!! it reached 1.5808!! then plummeted 140 pips!!

Pending Order at 1.6013
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Forex Philosopher
  • #40
  • Feb 18, 2018 1:12am Feb 18, 2018 1:12am
Pending Order at 127.512
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Forex Philosopher
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