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  • #3,721
  • Oct 12, 2020 11:44am Oct 12, 2020 11:44am
Quoting LauraT
{quote} Nice results - well done Just be aware that your win rate on some days will be pretty low if only using a 10 pip SL. And yes, classed as a continuation trade.
u r perfectly right, but tbh when i placed them i was more concerned with the entries t get those right. as for SL moving forward, i ll figure out where a trade loses its probability based on the entry setup, and place it there. or atleast that s my reasoning. will try to catch most trades around 200, no matter the tf, that way i know where the setup fails and a wide SL isn t required. may i ask what broker are u using? i d be interested to trade some indicies but the spreads on my icmarkets account except brent and us2000 small cap are all crazy hgh. much obliged
1 last question for today , could that be classified as a channel failure entry?
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  • #3,722
  • Oct 12, 2020 12:04pm Oct 12, 2020 12:04pm
Good evening everyone...... Im struggling a lot when it comes to trading..... I've been deceived several times by scamers..... I now only need someone who can help me know how to be a professional trader.... Where is the secret in this things?
  • #3,723
  • Oct 12, 2020 1:25pm Oct 12, 2020 1:25pm
Traded the channel cross on a couple of GBP pairs today. The setups are rather similar but position sizing was carefully considered in trading correlated pairs.

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  • #3,724
  • Oct 12, 2020 3:38pm Oct 12, 2020 3:38pm
Excuse me, Laura,

both trades were entered in us session, and closed before Asian session. Should I keep waiting in Asian session?

Thanks,
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  • #3,725
  • Oct 13, 2020 1:37am Oct 13, 2020 1:37am
Quoting dbsdsun
Excuse me, Laura, both trades were entered in us session, and closed before Asian session. Should I keep waiting in Asian session? Thanks, {image} {image}
I think it depends on price action and whether you are around to actively manage the trades. Generally speaking, the end of the US session will reduce volatility considerably (or create low volume strange moves) but nothing wrong with staying in until Asian session if you are going to manage the position and you haven't been proved wrong.
  • #3,726
  • Oct 13, 2020 2:29am Oct 13, 2020 2:29am
maybe a 5m pullback and the 1m entry or 5m? 1hr has already retraced
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  • #3,727
  • Oct 13, 2020 6:14am Oct 13, 2020 6:14am
No one posting.
Well here is my marked up nasdaq chart. Prior to the vertical, 8am, line I marked in horizontal levels that interested me. Look at price action around them. If you mark it up yourselves you would note that I had at least two small losers/stop outs before price went further in my favour. This is in contrast to yesterdays wonderful upside chart.
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every Saint has a past. Every Sinner has a Future
  • #3,728
  • Oct 13, 2020 6:33am Oct 13, 2020 6:33am
Quoting turnip15
No one posting. Well here is my marked up nasdaq chart. Prior to the vertical, 8am, line I marked in horizontal levels that interested me. Look at price action around them. If you mark it up yourselves you would note that I had at least two small losers/stop outs before price went further in my favour. This is in contrast to yesterdays wonderful upside chart. {image}
Up to 10am when I normally stop and thereafter charts.
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every Saint has a past. Every Sinner has a Future
  • #3,729
  • Oct 13, 2020 7:11am Oct 13, 2020 7:11am
How do I know when I'm ready to go live with this? I've been pretty successful with the demo.
  • #3,730
  • Oct 13, 2020 7:19am Oct 13, 2020 7:19am
Quoting Fxg22
How do I know when I'm ready to go live with this? I've been pretty successful with the demo.
How long have you been demoing it for? What's your win rate and Profit Factor?
  • #3,731
  • Oct 13, 2020 7:52am Oct 13, 2020 7:52am
Quoting LauraT
{quote} How long have you been demoing it for? What's your win rate and Profit Factor?
And then - can your head cope with putting real money on the line.
every Saint has a past. Every Sinner has a Future
  • #3,732
  • Oct 13, 2020 9:27am Oct 13, 2020 9:27am
Hi everybody! first post on this topic!
I am completing 100 exercises with Laura's basics . These are my 3 transactions, 2 cross-channel transactions, 1 continuation transaction

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  • #3,733
  • Oct 13, 2020 10:31am Oct 13, 2020 10:31am
Nasdaq UK afternoon. Grubbing about initially, then off it went. Them speed lines etc came in handy.
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every Saint has a past. Every Sinner has a Future
  • #3,734
  • Oct 13, 2020 10:43am Oct 13, 2020 10:43am
Quoting turnip15
Nasdaq UK afternoon. Grubbing about initially, then off it went. Them speed lines etc came in handy. {image}
Well done! I could not trade today and am now hesitant to jump in somewhere!
Will be more concentrated tmrw!!
Nice evening to all!!
  • #3,735
  • Oct 13, 2020 12:39pm Oct 13, 2020 12:39pm
only trade tday cos brent didn t pan out and the rest i wasn t around when they sold out after news. set BE cos i won t watch it again till later, you all have a good 1.
cheers
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  • #3,736
  • Oct 13, 2020 10:51pm Oct 13, 2020 10:51pm
Do yall trade the same currencies within different pairs? For example, if the channel crosses the 200ma to the upside on USD/CAD and crosses down on EUR/USD. It seems like its just doubling the RR.
  • #3,737
  • Oct 14, 2020 2:51am Oct 14, 2020 2:51am
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GM!! Today is not my day!! Possibly too eager to get in a trade after the lapse yesterday that i was not able to trade!!
A bad habit that i am working on!! This HAVE TO BE IN A TRADE as soon as i open the PC!!
So day 4 of testing 20 was not successful!!! Will have a look again in the NY session, but i think i have to sit out today!!
Wish you all a great day!!
  • #3,738
  • Oct 14, 2020 3:58am Oct 14, 2020 3:58am
Quoting emmyidk
Do yall trade the same currencies within different pairs? For example, if the channel crosses the 200ma to the upside on USD/CAD and crosses down on EUR/USD. It seems like its just doubling the RR.
Personally, I'd only take one of those signals due to correlation.
  • #3,739
  • Oct 14, 2020 4:26am Oct 14, 2020 4:26am
Grubbing for points on Nasdaq this morning ( Finished 10am)
Bet I broke a few of my rules due to inattention. Will check later. Ahead but only just.
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every Saint has a past. Every Sinner has a Future
  • #3,740
  • Oct 14, 2020 5:44am Oct 14, 2020 5:44am
Dow short. Fresh channel cross (almost!) - took partial profit at Daily Open Line. Still got a bit running.

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