Sleepy time for me. Not as many pips as I would have liked, but still ok for a couple of sessions of rubbish PA!!
Back for Frankie tomorrow.
Back for Frankie tomorrow.
Doing what you like is Freedom. Liking what you do is Happiness.
Real time trades by realjumper!!
- #3,981
- Sep 3, 2020 7:50am Sep 3, 2020 7:50am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
OK I am done for the week, I do not trade on NFP Fridays. Also I am not trading on the US bank holiday on Monday. Had a good week but again could have been better if not for some errors, but will not complain simply will endeavor to do better.
Week results:
Pips +13
RR +1.6
Note: the EURAUD trade from Tuesday that had 2 positions was because the first one had less than my usual lot size per risk tolerance, the second position made the total of the 2 my normal lot size. So I took the average of the 2 for the final pip count. Normally I take one trade at a time as shown in my posts. This is also why RR is more important to me than pips, sometimes the SL is large in pips but my risk is generally the same regardless. And if I get in at a better price than my signal entry that further reduces the risk. This is why in my losses which hit the original SL I have reported less than 1:1 RR in some cases. My default RR if the trade is taken at the signal price is 1:1.5. This can be seen in the charts I post, today's AJ trade was at the signal entry, so the TP is about 1.5x the distance as the SL.
Original posted AJ trade from today:
My EURAUD trade from Tuesday shows larger than 1.5x distance relative to SL, especially with the second position:
So I thought an explanation of my RR calculation might help provide context. This can always be seen in the posts so it is not hindsight BS, even if it is rambling BS.
Good trading to everyone, see you Tuesday.
Week results:
Pips +13
RR +1.6
Note: the EURAUD trade from Tuesday that had 2 positions was because the first one had less than my usual lot size per risk tolerance, the second position made the total of the 2 my normal lot size. So I took the average of the 2 for the final pip count. Normally I take one trade at a time as shown in my posts. This is also why RR is more important to me than pips, sometimes the SL is large in pips but my risk is generally the same regardless. And if I get in at a better price than my signal entry that further reduces the risk. This is why in my losses which hit the original SL I have reported less than 1:1 RR in some cases. My default RR if the trade is taken at the signal price is 1:1.5. This can be seen in the charts I post, today's AJ trade was at the signal entry, so the TP is about 1.5x the distance as the SL.
Original posted AJ trade from today:
My EURAUD trade from Tuesday shows larger than 1.5x distance relative to SL, especially with the second position:
So I thought an explanation of my RR calculation might help provide context. This can always be seen in the posts so it is not hindsight BS, even if it is rambling BS.
Good trading to everyone, see you Tuesday.
- #3,991
- Sep 3, 2020 5:14pm Sep 3, 2020 5:14pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} If only trading was a quick and simple as this all the time!! Target hit +32. {image}
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,992
- Sep 3, 2020 9:20pm Sep 3, 2020 9:20pm
- Joined Oct 2010 | Status: Trader | 1,536 Posts
{quote} Out of EU long -29. Short EU @ 1.1654 EDIT: Short @ 1.1834, NOT 1.1654 Think I need glasses.{image}4
- #3,993
- Sep 4, 2020 12:21am Sep 4, 2020 12:21am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I'm having a look at EA Sell
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,994
- Sep 4, 2020 12:42am Sep 4, 2020 12:42am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,995
- Sep 4, 2020 1:26am Sep 4, 2020 1:26am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,996
- Sep 4, 2020 1:47am Sep 4, 2020 1:47am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #3,997
- Sep 4, 2020 2:04am Sep 4, 2020 2:04am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
my first trade of nfp Friday {image}
AT the rate my EA trade is going, I'll still be babysitting it when NFP rolls around!!
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,998
- Sep 4, 2020 2:05am Sep 4, 2020 2:05am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #3,999
- Sep 4, 2020 2:06am Sep 4, 2020 2:06am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
{quote} AT the rate my EA trade is going, I'll still be babysitting it when NFP rolls around!!
the cautious seldom err....C
