Disliked{quote} Funny... that's reminded me to open the Christmas present from the Mrs tonight.. {image}Ignored
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die young 8 replies
Disliked{quote} Funny... that's reminded me to open the Christmas present from the Mrs tonight.. {image}Ignored
Disliked{quote} Its confusing stuff i know. In my example i did mean closing the first trade positive at +10. So +10 are booked in. Right at that moment you close it profitable you open another position. Now if that new opened position would retrace and start moving against you you close it at -9 at max. You then would have lost nothing and got out with +1 in sum. Trade 1 = +10, Trade 2 = -9 (same position size for both trades). In case the second trade would move in your favor you might profit from another +10 with it (compounded). You then would have...Ignored
Disliked{quote} Its confusing stuff i know. In my example i did mean closing the first trade positive at +10. So +10 are booked in. Right at that moment you close it profitable you open another position. Now if that new opened position would retrace and start moving against you you close it at -9 at max. You then would have lost nothing and got out with +1 in sum. Trade 1 = +10, Trade 2 = -9 (same position size for both trades). In case the second trade would move in your favor you might profit from another +10 with it (compounded). You then would have...Ignored
Disliked{quote} u r not compounding how you have explained this - u dont close the first trade at 10....you add to it, so u would make 30, not 20Ignored
DislikedWorld closing a trade and opening a new trade at the same time not be the same as just leaving the first trade open?.Ignored
Disliked{quote} Hi W. first lets forget spread, margin etc. Lets make it even easier. forget stats for the moment. we enter a trade and it makes 20 points. let us then add an extra trade. if this makes 20 great we now have 20 + whatever. we enter a trade and it makes 20, we enter a second trade but it drops to minus 15, so we close both trades for a net profit of +5. (5 is a win).Ignored
Disliked{quote} In other words, you make sure you are paid "something" for your effort. I see the 8am "Billy bar" delivered today?Ignored
Disliked{quote} Hi Mr T, precisely, a couple of points at least, with the potential of making many more when the 2nd trade is carried out. Hope you are well. edit, yep Billy bar was good again.Ignored
Disliked{quote} Hey Billy, can I ask what is the average time you need to fix for the BillyBar in case you had to counter it? Same day, more days, longer. I ask so to get an idea of how much funds I would need to reserve in my trading account while being able to open further any further trades or same size or even higher to fix and to keep trading next day/s setup. best regards and thanks again for all your efforts and time.Ignored
DislikedMy kind of day. Lem got racing in town Hollie is here so a few bets ! {image}Ignored
Disliked{quote} it was a good day. i packed up for the weekend ages ago but cable was a beaut. down,up,down.Ignored
Disliked{quote} I'm finished now just over 50 for the day. Time for the horses. Maybe some weekend music later if Lem wakes up lol.Ignored
Disliked{quote} going back some time, ie a couple of years. i would quite happily fix over a day or two. Wth Brexit and Mr Trump things have gotten easier to fix the same day. i have said many times, if i have a fail, i then usually make the 5% on the opposite end trade and then i fix, Hence the counters. I can use a stop , but where???? stops are there to be taken out.Ignored
Disliked{quote} I'm finished now just over 50 for the day. Time for the horses. Maybe some weekend music later if Lem wakes up lol.Ignored
DislikedThanks for the Volman stuff, Lem. It's classic technical and I'm enjoying the read. I've begun trading the 70 tick on EU and its certainly different to watching a time chart... Losses for this week with it but its a work in progress with only 30ish trades taken. I got a bit carried away trading break outs in a bigger range on Monday/Tuesday like a complete plebeian. Anyway back onto my EU RB to 60 pre NFP..Ignored
DislikedMy kind of day. Lem got racing in town Hollie is here so a few bets ! {image}Ignored