Trading is as simple as 1-2-3 | Page 490 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

trading is simple - trading is easy 43 replies

Simple trading method 49 replies

Attachments: Trading is as simple as 1-2-3
Exit Attachments

Trading is as simple as 1-2-3

  • #9,781
  • Apr 14, 2020 3:44am Apr 14, 2020 3:44am
Quoting birdland
{quote} also no offence, it was a good play yesterday on easter monday. normal spreads and liquidity. only easter-friday was not good to trade for me, because too large spreads. i trade what i see.
Quite right.

I preferred to binge watch Jack Ryan
  • #9,782
  • Apr 14, 2020 10:07am Apr 14, 2020 10:07am
Quoting Wizzlebizzle
Morning all, How do you guys handle large stop losses? I notice that I tend to shy away from anything over 20 pips. W
Stop loss is a function of Risk and Position Size. Bigger the stop, smaller the position size.

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,783
  • Apr 14, 2020 10:56am Apr 14, 2020 10:56am
Quoting TooSlow
{quote} Stop loss is a function of Risk and Position Size. Bigger the stop, smaller the position size. {image}
Hi Too Slow, understood. I do adjust my position size according to my maximum risk. But your overal RR will change. How do you tackle that (trade/exit management)
regards
W
  • #9,784
  • Apr 15, 2020 3:15am Apr 15, 2020 3:15am
Attached Image (click to enlarge)
Click to Enlarge Name: 41520eu.png Size: 19 KB

Long EU +5 locked same bar
  • #9,785
  • Apr 15, 2020 10:24am Apr 15, 2020 10:24am
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 59 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,786
  • Apr 16, 2020 2:15am Apr 16, 2020 2:15am
GBPUSD +10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 160420.png Size: 39 KB
  • #9,787
  • Apr 16, 2020 2:20am Apr 16, 2020 2:20am
Attached Image (click to enlarge)
Click to Enlarge Name: 41620ca.png Size: 18 KB

Long CA +5 locked
  • #9,788
  • Apr 17, 2020 1:53am Apr 17, 2020 1:53am
Quoting Wizzlebizzle
{quote} Hi Too Slow, understood. I do adjust my position size according to my maximum risk. But your overal RR will change. How do you tackle that (trade/exit management) regards W

How do the rest of you guys tackle the larger stops, say anything above 25 pips?
  • #9,789
  • Apr 17, 2020 3:32am Apr 17, 2020 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 41720gj.png Size: 20 KB

Long GJ +5 locked
  • #9,790
  • Apr 17, 2020 3:34am Apr 17, 2020 3:34am
Quoting Wizzlebizzle
{quote} How do the rest of you guys tackle the larger stops, say anything above 25 pips?
Sticking below 1% risk or less. Pull the plug on it if it is going against.
  • #9,791
  • Apr 17, 2020 4:02am Apr 17, 2020 4:02am
Correct me if I am wrong, but regardless of the % amount u are risking your reward/risk ratio will change when you use a larger stop. You could still theoretically bleed out your account using even sticking to 1% risk or less.

Pull the plug if it goes against, this would require some form of judgement, how do you decide what "going against" means for you Hal?

Thanks again
  • #9,792
  • Apr 17, 2020 9:55am Apr 17, 2020 9:55am
Not always simple. Sometimes trading become complicated for me. But yes, most of the time trading is a simple task, if you keep focus on your trading.
  • #9,793
  • Apr 17, 2020 12:02pm Apr 17, 2020 12:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 60 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,794
  • Apr 20, 2020 2:54am Apr 20, 2020 2:54am
GBPUSD +5 (Trailing stop hit)
Attached Image (click to enlarge)
Click to Enlarge Name: GU 200420.png Size: 33 KB
  • #9,795
  • Apr 20, 2020 3:16am Apr 20, 2020 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: 42020jy.png Size: 19 KB

Short JY +5 locked
  • #9,796
  • Apr 20, 2020 12:37pm Apr 20, 2020 12:37pm
Quoting TooSlow
{image}
Try my 1st attempt. Is it same as your rule?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-04-21-00-35-20-12_a068875e8d70110f8d1ec48729c67374.png Size: 164 KB
  • #9,797
  • Apr 20, 2020 12:47pm Apr 20, 2020 12:47pm
Quoting TooSlow
{image}
Rule Number 3 : In progress...
Is it right entry? Need advice
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-04-21-00-46-40-07_a068875e8d70110f8d1ec48729c67374.png Size: 162 KB
  • #9,798
  • Apr 20, 2020 10:25pm Apr 20, 2020 10:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 59 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,799
  • Apr 20, 2020 10:25pm Apr 20, 2020 10:25pm
Quoting ganc
{quote} Try my 1st attempt. Is it same as your rule? {image}
You tell me.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,800
  • Apr 20, 2020 10:56pm Apr 20, 2020 10:56pm
Quoting TooSlow
{quote} You tell me.
Open sell 1 lot, after signal in green box

I've just close 0.9 lot and let 0.1 running...

Sorry for my bad english... It is not my 1st language... I came from south east Asia...

Tooslow, Sir, Have I do right steps and follow your rules?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2020-04-21-10-52-58-10_a068875e8d70110f8d1ec48729c67374.png Size: 168 KB
4 traders viewing now