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SRTLfd Discussion

  • #361
  • May 10, 2023 4:55am May 10, 2023 4:55am
Quoting Inthebox
{quote} gu got the rejection. may be the confluence next for set up? what ever it is asian low has been violated. {image}
i just do one directional trades.
suspecting rangjing till cpi.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #362
  • May 10, 2023 4:57am May 10, 2023 4:57am
Quoting Inthebox
{quote} gj result. {image}
bearish continuation.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #363
  • May 10, 2023 5:01am May 10, 2023 5:01am
exited everything and only left with gold.
2.5 hours more to go.
ITB - Seeing Orderliness amongst 'Randomness'
  • #364
  • May 10, 2023 5:12am May 10, 2023 5:12am
Quoting Inthebox
exited everything and only left with gold. 2.5 hours more to go.
Wise decision. The market won't move much anyway b4 the news, I guess.
Success = Practice + Patience + Persistence
  • #365
  • May 10, 2023 5:17am May 10, 2023 5:17am
i see so many watching.
but no one asks any question?
just don't understand.
even if i say this has 80% success rate, also no question. lol.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #366
  • May 10, 2023 5:22am May 10, 2023 5:22am
didn't expect jpy is the strongest during london session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #367
  • Edited 5:49am May 10, 2023 5:24am | Edited 5:49am
Quoting Inthebox
i am having a short bias if there is a h4 close below the key level. but i may not be around then to take a trade. Friday low just gives me the direction to trade towards, which may or may not be my tp. i am looking for 20 to 30 pips to make around 1% day. so i have to adjust the unit lot size. it is something for me to work towards to about 5% week generally.. so i am looking at performance on a weekly basis, instead of daily.
20 to 30 pips per trade are quite reasonable and mostly immune to a deep pullback ( from my experience). Now, if that 20 to 30 pips make 1%, how much (in pips) are you risking? what R: R are you aiming for?
Success = Practice + Patience + Persistence
  • #368
  • May 10, 2023 5:27am May 10, 2023 5:27am
Quoting Inthebox
i see so many watching. but no one asks any question? just don't understand. even if i say this has 80% success rate, also no question. lol. {image}
At least, you are attracting traffic.
Success = Practice + Patience + Persistence
  • #369
  • May 10, 2023 5:38am May 10, 2023 5:38am
Quoting Inthebox
gold m30 long. {image}
gold scalping result.
all out.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #370
  • Edited 6:05am May 10, 2023 5:53am | Edited 6:05am
Quoting fxpider
{quote} 20 to 30 pips per trade are quite reasonable and mostly immune to a deep pullback ( from my experience). Now, if that 20 to 30 pips make 1%, how much are you risking? what R: R are you aiming for?
i do not practise R:R.
my risk management is unconventional and may not suit most.
generally my SL is around day high low or if it is too far away like mid range around m15 two sr away.
so most of my trades are near to day high low.
i watch how the h1 or h4 closes around day high or low, then decide whether to exit trades or not.
this is because i have confidence in my directional bias reading.
i would use my previous day profit to cushion any losses today.
next will be using the current week profit.
some times even the previous week profit but very seldom. no further than that.
that is why i am quite happy if i can get some profit during asian session to cushion my future trades for the day.
so far so good.
ITB - Seeing Orderliness amongst 'Randomness'
  • #371
  • May 10, 2023 5:59am May 10, 2023 5:59am
ok until CPI, it will be mobile game or netflix.
ITB - Seeing Orderliness amongst 'Randomness'
  • #372
  • May 10, 2023 6:08am May 10, 2023 6:08am
Quoting Inthebox
{quote}my SL is around day high low or if it is too far away like mid range around m15 two sr away. so most of my trades are near to day high low.
Thank you.

 

  1. High/Low of the current day or previous day?
  2. How far away is too far away?
  3. m15 sr for 5/1 min entry as well?

Success = Practice + Patience + Persistence
  • #373
  • May 10, 2023 6:27am May 10, 2023 6:27am
Quoting fxpider
{quote} Thank you. High/Low of the current day or previous day? How far away is too far away? m15 sr for 5/1 min entry as well?
High/Low of the current day or previous day?
eg. today gu bad sell trade during asia.
take the higher of asia high vs previous day high

How far away is too far away?
i allow up to 40 pips SL if far away from day HL.

m15 sr for 5/1 min entry as well?
regardless, remaining at m15.

in short, i am quite generous with SL
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ITB - Seeing Orderliness amongst 'Randomness'
  • #374
  • May 10, 2023 6:50am May 10, 2023 6:50am
Quoting Inthebox
{quote} High/Low of the current day or previous day? eg. today gu bad sell trade during asia. take the higher of asia high vs previous day high How far away is too far away? i allow up to 40 pips SL if far away from day HL. m15 sr for 5/1 min entry as well? regardless, remaining at m15. in short, i am quite generous with SL {image}
Got it.

So, risking 40 pips (MAX) for 20 to 30 pips gain (MIN).
In that case, a higher win rate/focus on high-quality trade is needed to remain profitable in the long run.
Success = Practice + Patience + Persistence
  • #375
  • May 10, 2023 6:58am May 10, 2023 6:58am
Quoting Inthebox
i see so many watching. but no one asks any question? just don't understand. even if i say this has 80% success rate, also no question. lol. {image}
I personally don't ask question cause' all trades already happened, and after trades everything looks easy usually. I've never seen in your thread lost trades
  • #376
  • Edited 7:16am May 10, 2023 7:03am | Edited 7:16am
Quoting fxpider
{quote} Got it. So, risking 40 pips (MAX) for 20 to 30 pips gain (MIN). In that case, a higher win rate/focus on high-quality trade is needed to remain profitable in the long run.
plus consistent correct reading of directional bias.
with high quality trade should offer competent traders with 80% win rate.
the reason for these is that i found that trending days are not so frequent when 10 years ago, eurusd can be almost daily 100-200 pips.
now probably in a week one out of 5 days.
ITB - Seeing Orderliness amongst 'Randomness'
  • #377
  • Edited 7:21am May 10, 2023 7:10am | Edited 7:21am
Quoting DmShka
{quote} I personally don't ask question cause' all trades already happened, and after trades everything looks easy usually. I've never seen in your thread lost trades
you need to go back to check on those trades again.
everyday i provided a key level before any trade happened.
maybe not every single one. at least a couple per day.
i do my set up from there or i had it as a directional target.
the secret is that i had my directional bias correct which i had previously revealed or go to post 1.
then all my trades were based on that direction for the whole of that day.
i very seldom counter trend or if counter trend i do a scalp with smaller profit.

or from now on you can track my key level more closely.
better still, you participate in it so as to personally experience it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #378
  • May 10, 2023 7:23am May 10, 2023 7:23am
Quoting DmShka
{quote} I personally don't ask question cause' all trades already happened, and after trades everything looks easy usually. I've never seen in your thread lost trades
All the potential levels are posted way b4 the actual trade. You probably doing some selective reading.

Buy here or sell there service & spoon feeding not provided.
Success = Practice + Patience + Persistence
  • #379
  • May 10, 2023 7:31am May 10, 2023 7:31am
practice time.
why drop from red arrow?
participate and you will remember it better.
fxpider, this does not include you.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #380
  • May 10, 2023 7:45am May 10, 2023 7:45am
usd index strong response to cpi announcement.
if d1 closes below yesterday low, it becomes engulfing.
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ITB - Seeing Orderliness amongst 'Randomness'
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