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Attachments: Level in Level out
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Level in Level out

Quoting Jewel1996
{quote} I guess it is at breakeven now? Mine is
Yes.. riding free
Stay the Course
Quoting lorecavoli
Also buy limit activated. {image}
There is no level there brother... at least to what we do here.
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Quoting nadi-fx
{quote} There is no level there brother... at least to what we do here.
The next buy limit is about 0972 and then 09433
Process. Practice. Patience. Profit (comes last)
Quoting nadi-fx
{quote} There is no level there brother... at least to what we do here.
Thx, I just closed the trade, I dunno why I had a level there!
Quoting lorecavoli
{quote} Thx, I just closed the trade, I dunno why I had a level there!
It's all good buddy... we did have a level there but then it got broken... I myself still have open buy position off that level but after trigger on Friday it completely broke that level down and now sitting at a lower level at 9695.

GL
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Quoting Jewel1996
{quote} The next buy limit is about 0972 and then 09433
Correct.
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Dear Nadi!

Thank you for your detailed pics with new levels - I've found they are similar to my seeing of your strategy, so I confirmed for myself that I understand your ideas right.

I've visually backtested your strategy for several years + for 2009-2010 years also. I see absolutely more SLs then TPs, even not 3:1. But you said it was profitable for you for many years. Can I please ask you to describe your experience with this method more detailed? How deep were your drawdowns, how profitable in the long run etc.

Thank you anyway for your work and sharing!
Quoting since80808
Dear Nadi! Thank you for your detailed pics with new levels - I've found they are similar to my seeing of your strategy, so I confirmed for myself that I understand your ideas right. I've visually backtested your strategy for several years + for 2009-2010 years also. I see absolutely more SLs then TPs, even not 3:1. But you said it was profitable for you for many years. Can I please ask you to describe your experience with this method more detailed? How deep were your drawdowns, how profitable in the long run etc. Thank you anyway for your work...
Your back test has flaws most likely. Validating some levels that are not, not extending your profit when it can etc.
But I don't want to start argument about it here. That is why this is thread and forward trading will tell all. There are perhaps a lot of money/risk management skills that you have not input as well that will get you ahead, not to say technically is not sound.
I recommend to not follow or trade big load if you have doubts.
Not to mention for young life of this thread it has been profitable... sure its been a Sidway action, but once it gets in trending market it will also be profitable... but market 60-70% of times ranges, so statistically its sound and philosophically.


GL.
Stay the Course
GM to all... woke up to a +103 bank and -30 stop and an new buy position triggered with a nice bounce. Sitting at +73 so far and its only Tuesday. This is a good start to a week, now can be more aggressive and room for risk to excel for larger profitability.

GL
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Stay the Course
Got a first winning sell trade from 1.10883 level. I'm in the buy trade too. So glad I'm applying the same logic as you.

Greetings
He bought? Dump it!
Similar to you, a short +99 and two long positions, one of them not closed in Sl by half a pip.
What the market takes away from you sometimes, other times it gives you.

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Quoting gerval
Similar to you, a short +99 and two long positions, one of them not closed in Sl by half a pip. What the market takes away from you sometimes, other times it gives you. {image}
wow luck you not getting sting with the stop hit.
The way I deal with this situation is to exit at BE when (1st buy trade 9705 LV) reaches back to the level unless it blows right by it, any hesitation I will exit it and drop the risk.

GL
Stay the Course
I understand that you place the lowest position in BE so as not to increase the risk with both?
or look for the BE with both positions when it goes a little in favor?
Quoting nadi-fx
{quote} wow luck you not getting sting with the stop hit. The way I deal with this situation is to exit at BE when (1st buy trade 9705 LV) reaches back to the level unless it blows right by it, any hesitation I will exit it and drop the risk. GL
I understand and done just in time.
The first closed in BE and the second in BE as it is reaching 30 pips. Thank you for teaching me your risk management in your system.

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Quoting gerval
{quote} I understand and done just in time. The first closed in BE and the second in BE as it is reaching 30 pips. Thank you for teaching me your risk management in your system. {image}
Exactly the same thing here. Thank you Nadi for the clarification
Process. Practice. Patience. Profit (comes last)
A buy limit can become a sell limit if price goes through it and then goes back to that level?
Quoting lorecavoli
A buy limit can become a sell limit if price goes through it and then goes back to that level?
If I understand you correctly... the answers is NO.
Have you fully read the threads important posts?
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The long trade still is intact at +30 profit. Stops should be at BE now... looks to be its in a halt for now will see if it breaks out of it and shoot to the moon lol.

GL
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Quoting nadi-fx
{quote} wow luck you not getting sting with the stop hit. The way I deal with this situation is to exit at BE when (1st buy trade 9705 LV) reaches back to the level unless it blows right by it, any hesitation I will exit it and drop the risk. GL
If this current trade get to BE and drops, what is the next line of action: should there now be a sell limit at 0977ish or we wait for a swing low to be formed and then put a buy limit for when it returns. In the meantime we still keep the sell limits at 10486 and 10865.

Have you ever had a loosing month with this strategy. I understand that it is inevitable that we have a loosing day/week

I suggest that post 232 be added to the essential read.

Thank you for your time
Process. Practice. Patience. Profit (comes last)
I closed early, when it looked to me we were heading back to test resistance. I managed a bit better than BE. It may well head back up with CPI news in the next couple of hours , but for me now its sit on my hands time with EURUSD
its all just one persons opinion....
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