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Trading is as simple as 1-2-3

  • #7,261
  • Oct 31, 2018 6:31am Oct 31, 2018 6:31am
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Short CF +5 locked
  • #7,262
  • Nov 1, 2018 8:44am Nov 1, 2018 8:44am
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Short EJ +5 locked
  • #7,263
  • Nov 2, 2018 3:12am Nov 2, 2018 3:12am
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Short EU +5 locked
  • #7,264
  • Nov 2, 2018 12:10pm Nov 2, 2018 12:10pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,265
  • Nov 5, 2018 2:42am Nov 5, 2018 2:42am
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Long EU +5 locked
  • #7,266
  • Nov 5, 2018 11:32am Nov 5, 2018 11:32am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,267
  • Nov 6, 2018 3:09am Nov 6, 2018 3:09am
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Short GJ +5 locked
  • #7,268
  • Nov 6, 2018 4:19am Nov 6, 2018 4:19am
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Sometimes you make the right call, and sometimes you just get plain lucky GJ +75
  • #7,269
  • Nov 6, 2018 4:59am Nov 6, 2018 4:59am
Quoting hal7
{image} Sometimes you make the right call, and sometimes you just get plain lucky GJ +75
hal, nice trade . By now you must be trading for a living if I look at all the pips that you are raking in!!
  • #7,270
  • Nov 6, 2018 5:28am Nov 6, 2018 5:28am
Quoting Wapen
{quote} hal, nice trade . By now you must be trading for a living if I look at all the pips that you are raking in!!
In my dreams a millionaire, in reality profitable, so far...
  • #7,271
  • Nov 6, 2018 12:53pm Nov 6, 2018 12:53pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #7,272
  • Nov 6, 2018 2:23pm Nov 6, 2018 2:23pm
Quoting hal7
{image} Sometimes you make the right call, and sometimes you just get plain lucky GJ +75

Hello hal7

Very good performance Could you tell me about how to set your stop loss and take profit?

Thank you
  • #7,273
  • Nov 6, 2018 5:17pm Nov 6, 2018 5:17pm
Quoting hal7
{image} Short CF +5 locked
Helllo when you said locked 5...does that translate that when you open a trade...you close it after 5 pips...or move your stop loss...
  • #7,274
  • Nov 6, 2018 6:26pm Nov 6, 2018 6:26pm
Quoting akwunomy
{quote} Helllo when you said locked 5...does that translate that when you open a trade...you close it after 5 pips...or move your stop loss...
Locking in means that you will never lose that +5, no matter what the trade goes on to do. It's in the bank.
  • #7,275
  • Nov 7, 2018 2:35am Nov 7, 2018 2:35am
Quoting Bigindoda
{quote} Hello hal7 Very good performance Could you tell me about how to set your stop loss and take profit? Thank you
Thank, setting stops and managing a trade is a personal choice. How I managed a trade has varied quite a bit over time, the stops have stayed the same. On a short trade 5 pips above the high on a long 3 pips below the low.

My initial target is the +5, when I say locked that means I altered the trade and secured at least some profit. Mostly I would take a certain percentage off and either leave the stop in place or move to BE. If the trade progresses I will go to a trailing stop usually.

Lately and on this particular trade at +5 I simply moved stop to BE +1 and took nothing off. Often these will get stopped out quickly but in this instance it took off and the benefit was I got the full run with the full trade which is nice. And on this trade I ended up +71 when if finally stopped out, not sure how big a trailer I had on at the time.
  • #7,276
  • Nov 7, 2018 2:38am Nov 7, 2018 2:38am
Quoting akwunomy
{quote} Helllo when you said locked 5...does that translate that when you open a trade...you close it after 5 pips...or move your stop loss...
+5 locked means I either took a percentage off and may or may not move the stop or I might take nothing off and move stop to BE +1. Like everything there are advantages and disadvantages to each maneuver.
  • #7,277
  • Nov 7, 2018 4:36am Nov 7, 2018 4:36am
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Short GU +5 locked same bar
  • #7,278
  • Nov 7, 2018 6:15am Nov 7, 2018 6:15am
E/U locked +5
  • #7,279
  • Nov 7, 2018 8:40am Nov 7, 2018 8:40am
E/J sell Locked +1, close half +5
  • #7,280
  • Nov 7, 2018 12:55pm Nov 7, 2018 12:55pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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