Crazy moves. How do you protect from such. Having stop losses of -1000 Pips every time?
Wax On, Wax Off
One trade per daily bar, or per X bars on current timeframe 0 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedCrazy moves. How do you protect from such. Having stop losses of -1000 Pips every time? {image}Ignored
Disliked{quote} {image} I know, it's unfortunate, but that's your broker not the market, check out the same time on mine!Ignored
Disliked{quote} I'm talking about last Wednesday as you can see from the timeline of my posted chart image.Ignored
DislikedCrazy moves. How do you protect from such. Having stop losses of -1000 Pips every time? {image}Ignored
Disliked{quote} Hi Iddd, that was last week and it was only 300pip range not 1000pips. you need to check your broker coz thats not right. i marked it in blue on my chart. is that the day your talking about ?? {image}Ignored
Disliked{quote} Well the time frame doesn’t really matter. You trade price at time. I speak about how to protect from large unexpected price moves. Even while swing trading and having factored in way larger stops, say -100 Pips, such increase in volatility in no time might have negatively affected you.Ignored
Disliked{quote} It's all part of the game. 1000 pip spike's are far and few between and they don't happen every day except maybe at roll over.Ignored
Disliked{quote} most of my trades are swings. i trade higher time frames. Swing trading suits me. Trading is not a one size fits all you have to find what works for you. i tried scalping when i started and it just didnt work for me. But just because i trade the bigger TFs doesnt mean i get every trade right, i dont but i dont have to monitor it, i just accept the risk and if i get hit im ok with that. Take your time with the PDFs and find something that suits your style and more importantly your 9-5 job.Ignored
Disliked{quote} Ok makes sense thanks. Also my job is not 9-5 it's 2 weeks on 2 weeks off on call as emergency service. So 2 weeks at a time I can dedicate every hour. The other I may be free the entire time or hounded so it is a hard balance. I think swing trading will work best working weeks as long as I don't try and force trades. And I can be more flexible with trading style when not working. I guess the art will be strictly separating what works for what time. So any time zone anytime if the set up is there for you swing style?Ignored
Disliked{quote} I broadly agree with you. I'm just trying to understand if there's a way to protect myself from such unexpected spikes. I take care of the news, at least all the red flagged once you can find on the calendars. However at times i see large spikes even while there is no single sign of news.Ignored
Disliked{quote} you need to start with bigger TFs then work your way down. Its a hard question to answer as i dont know your understanding of the markets and what level your at. even trading the way i do i get trades wrong. EG-- took a hit on Gold yesterday. Last week i took 2 breakevens on AN and went short AN again yesterday which is going well at last, but during the news price came back to within 10pips of my stop, i only seen that when i woke upIgnored
DislikedThis is why you need loadsa patience. took a long time but eventually hit and still going. IT DOES TRY YOUR PATIENCE, especially when you look at your profits then the next day it drops 100pips or so. It always plays with your psychology, emotions at every turn. Its a BLOODY HARD GAME {image} {image}Ignored