A very busy week for me. I am feeling lazy so this screenshot says it all:
MultiTerminal Equivalent Required 9 replies
Esignal "Trend Snapback Indicator" equivalent? 1 reply
how do i know the equivalent of the volume and lots 0 replies
CME E-equivalent 0 replies
Being Right and Making Money Are Not Equivalent, by Dr. Van K Tharp 2 replies
Disliked16:1 sounds too good to be true. That is extremely for one week let alone a night. Do People who do this "course" make this too? 16:1 must be on very small timeframe and stop loss.Ignored
DislikedThanks for reply. did not mean to sound negative. You said lost 13%. 10 times more than you would risk. So 1% your normal risk? I do not understand why you dont know what risk you have. Surely you know what risk you have on a market at any one time. Nice charts. 16% gain but you didnt risk 100% correct?Ignored
DislikedStop Loss discussion: While typing in some of these last few posts a discussion about Stop Losses was taking place in our Self Help Group Skype. Here are some extracts that may be of interest: H: Coming back to the SL in 6E again: I experimented quite a bit with it. In the beginning, I only used 5 ticks, but obviously got stopped out a lot. Then I thought:"Are you insane?? 5 ticks in 6E are equal to 2.5 Pips, only! How can you use such a tight stop in such a volatile market??"
Hence, I then opted for 10 ticks. In between I had a
phase when I moved...Ignored
Disliked{quote} Thanks for response. Without being exact. It sounds like you have 5-7% risk on the market sometimes. 20-40 pips and you make 10-20% a week? You aren't risking 1-2%. Much more. I'd be careful. Sounds dangerous.Ignored
DislikedVery interesting. I never thought of risk that way. I watched Free videos, the guy knows his stuff. Does every student do risk management that way? At this high % return do you make millions per year? Or plan to?Ignored
DislikedVery interesting. I never thought of risk that way. I watched Free videos, the guy knows his stuff. Does every student do risk management that way?Ignored
Disliked..... At this high % return do you make millions per year? Or plan to?Ignored
Disliked..... At this high % return do you make millions per year? Or plan to?Ignored
DislikedMy public version of my doc on Institutional Style Trade Management for Retail Traders. I hope I have got all the numbers right, but the main thing is the concepts. :- {file}Ignored
Disliked{quote} Can u explain this? D). If it goes all the way to the measured move 200 level then you make either i. 10+37+74 (= 121)pips or 1.2% on a MAX RISK of 1% ii. 10+37+74 plus 2x15 +2x42 + 2x79 ( = 272+121 = 393) pips or 3.9% on a MAX RISK of 1% iii. 121 + 272 + 4x20 + 4x47 + 4x84 (= 393 +604 = 997) or 9.9% on a MAX RISK of 1%Ignored
Disliked{quote} You don't say which figures it is that you think are wrong. So i will assume that you just want to know that : Case i. is where price doesn't move 5 pips beyond our initial entry (towards our Stop Loss), so does not trigger the 2nd level units entry. Thus we only have 3 units i the trade, one which is exited for +10 pips, the second for 37 pips and the third for 74 pips. In case ii. we reached the price for the 2nd entry units level, but not the 3rd, meaning price went at least 5 pips against our initial entry, but less than 10 pis. Thus...Ignored