12 trade winning streak | Forex Factory

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12 trade winning streak

  • #1
  • First Post: Edited Jun 17, 2022 4:34am Dec 25, 2021 6:02pm | Edited Jun 17, 2022 4:34am
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  • #2
  • Dec 25, 2021 9:11pm Dec 25, 2021 9:11pm
I had succces using 2:1 with 80 winrate. For around 50 trades. Then I losing streak came and I lost a lot.


What timeframe are u using. You wait for some reaction in your key zones or just enter as soon price get to the zone?
  • #3
  • Dec 26, 2021 1:30pm Dec 26, 2021 1:30pm
Quoting Frag8383
I also use to get out a 2:1. I trade the 1 min chart and my biggest losses came from not taking profits not from accepting losses. I know that the ideal situation is to get out because market conditions not because I want to get a 2:1 markets don't move because that is what I want to get but for me trading has become less stressful and I have become more profitable and at the end that is what matters to me that I'm making money. 2:1 ratio is still very good normally scalpers go for 1:1 or even less. But with 2:1 I have to bee right only half the...
Do you understand that he is 2:1 being risk 2 toreward 1?

You said you have to be right 50% and that's not the case at all with a 2:1 risk/reward.
  • #4
  • Dec 26, 2021 3:33pm Dec 26, 2021 3:33pm
Quoting booker21
{quote} Do you understand that he is 2:1 being risk 2 toreward 1? You said you have to be right 50% and that's not the case at all with a 2:1 risk/reward.
ahhhh sorry for my english I see what you mean, you are right. He is not getting 2 for every 1 risked. No then you will need to get a 67% win rate very doable
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  • #5
  • Dec 28, 2021 4:38am Dec 28, 2021 4:38am
12?
try 120 trades or 1200 trades. you get a better idea of your win rate that way.
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  • #6
  • Jan 1, 2022 1:52am Jan 1, 2022 1:52am
Quoting booker21
I had succces using 2:1 with 80 winrate. For around 50 trades. Then I losing streak came and I lost a lot. What timeframe are u using. You wait for some reaction in your key zones or just enter as soon price get to the zone?
I am using the 5 minute time frame. I enter at the zone with a limit order so i am not looking at the reaction to the zone. I have had losing streaks as well. I might stick to this strategy for a few months and see the profitability over say 100 trades. I trade multiple usd pairs so the winning streak might be misleading because some of the trades are correlated.

Also breakouts are my enemy. So I think if I just trade the asian session there will be less volatility and it might prevent losing streaks.
  • #7
  • Last Post: Jan 1, 2022 10:29am Jan 1, 2022 10:29am
Quoting beechboy
{quote} I am using the 5 minute time frame. I enter at the zone with a limit order so i am not looking at the reaction to the zone. I have had losing streaks as well. I might stick to this strategy for a few months and see the profitability over say 100 trades. I trade multiple usd pairs so the winning streak might be misleading because some of the trades are correlated. Also breakouts are my enemy. So I think if I just trade the asian session there will be less volatility and it might prevent losing streaks.
I trade same timeframe with same strategy. Mark my key levels and risk2:1. Current win rate for dec was around 75%.

what I recommend you to do is to just 1 trade open. Don’t trade multiple pairs at the same time as those will not give you a fair rate of your strategy. You need to know what’s your fair winning streak as losing streak are.

dont risk more than 2% and keep trading same strategy for a month even if you have losing streaks. After q month trading 5 min chart you will get enough trades samples to get an idea of your strategy numbers.
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