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  • #341
  • May 23, 2023 11:21am May 23, 2023 11:21am
Oh ya its here, that's nasty stuff lol
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  • #342
  • May 23, 2023 11:40am May 23, 2023 11:40am
Quoting nadi-fx
Oh ya its here, that's nasty stuff lol {image}
I know you mentioned that you treat each trade individually but I want to ask if the current buy trade TP is triggered, the 8460 Sell order SL would definitely be hit first.

Would it be better to close the buy trade or take partial profits even if it’s not 3R yet the moment the sell order is triggered?
  • #343
  • May 23, 2023 11:40am May 23, 2023 11:40am
okey guys pros and cons here...
If you BE this one you might feel good right now bcz you took a shot didn't pan out and you got away with it at no cost, which is good.
If you are still in it like me you are risking your stop to be taken out, took a shot didn't work and will pay the price.

IF this turns around and resumes the bounce to take off for a good profit or heavy one, then the upside worth more than the downside.

I personally don't think about any of that, "what could happen"... I just stick to what I do every time, and that is; to play it the same every time, which is, if the position has not matured, I stick with it and gladly accept the outcome, whether is the SL or TP.
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  • #344
  • May 23, 2023 11:42am May 23, 2023 11:42am
Quoting chuasai
{quote} I know you mentioned that you treat each trade individually but I want to ask if the current buy trade TP is triggered, the 8460 Sell order SL would definitely be hit first. Would it be better to close the buy trade or take partial profits even if it’s not 3R yet the moment the sell order is triggered?
I have explained that in detail before my friend, please refer to important posts list plz.
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  • #345
  • Edited 1:11pm May 23, 2023 12:26pm | Edited 1:11pm
The beast is at work... look at what it's doing lol... I have seen it so many times, lived and breath it.
that's why I have a set of structure and stick to it for most part. Thats the only thing I can rely to fall back on, track record to go by.
But if I do different thing every time than I be all over the place and cannot count of any track record.
Staying discipline with one thing eliminates a lot of things, most nonsense that costs nothing but losses after losses... I can go on and on in this particular part.

It's a choice, and that's what it comes down to in the end, individually as a Trader.

Let's see what more the Beast got in store for us

GL
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  • #346
  • May 23, 2023 1:47pm May 23, 2023 1:47pm
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  • #347
  • May 23, 2023 2:42pm May 23, 2023 2:42pm
Quoting lorecavoli
{image}
Thats some heavy load there buddy, I like it.

GL
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  • #348
  • May 24, 2023 1:47am May 24, 2023 1:47am
Quoting lorecavoli
{image}
Nadi-fx, please just another clarification. with the 0826 and 0844 levels so close, do we put sell limits on both of them or is there modification in this case?

Thank you
  • #349
  • May 24, 2023 2:15am May 24, 2023 2:15am
Quoting Jewel1996
{quote} Nadi-fx, please just another clarification. with the 0826 and 0844 levels so close, do we put sell limits on both of them or is there modification in this case? Thank you
When too close like this just pick one or test both... I would just go with the farthest one which is the 8440... just the reaction to 8240 could travel to 8440 so mind as well get triggered with the deepest one.
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  • #350
  • May 24, 2023 3:14am May 24, 2023 3:14am
Quoting nadi-fx
The beast is at work... look at what it's doing lol... I have seen it so many times, lived and breath it. that's why I have a set of structure and stick to it for most part. Thats the only thing I can rely to fall back on, track record to go by. But if I do different thing every time than I be all over the place and cannot count of any track record. Staying discipline with one thing eliminates a lot of things, most nonsense that costs nothing but losses after losses... I can go on and on in this particular part. It's a choice, and that's what it...
Its all just one persons opinion
  • #351
  • Edited 8:54am May 24, 2023 8:42am | Edited 8:54am
Quoting nadi-fx
{quote} Yes, too early not out of the woods yet... and we are inside the overlap sessions yankees are in might get volatile and act up before taking off for real. love the signature PPPP GL
Is it required that the H4 candle should close above the 30 pip line to be able to move stop to BE
And again should the trade survives, is the proposed TP at 8970?

Thanks and regards
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  • #352
  • May 24, 2023 10:24am May 24, 2023 10:24am
Morning to all and coffee time...
I see the beast is still at work, only if NY was thinking bull we would have been out of the woods... but seems like the level is resisting to break.
I am still in this trade... its the first and only trade of the week so I don't mind with the stop hit verses not losing out on this ride if its meant to happen, might be the only chance of profitability this week who knows.
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  • #353
  • May 24, 2023 10:28am May 24, 2023 10:28am
Since we were about 30 pips in profit theoretically we should have moved SL to BE and therefore now the trade should have been close, right?
  • #354
  • May 24, 2023 10:33am May 24, 2023 10:33am
Quoting Jewel1996
{quote} Is it required that the H4 candle should close above the 30 pip line to be able to move stop to BE And again should the trade survives, is the proposed TP at 8970? Thanks and regards {image}
I don't want to set a firm number, I have said 30-40 pips but along with a strong candle to be seen before moving SL to BE. The point is to not move the stop to BE when price still not giving it a strong bounce away from the LV and still playing around it like this one at the moment.
TP, yes you want to protect the 3R, unless its really not happening at some point... but lets say its at 60-70 pips with 1-2 day to go in the week its wise to bank some to save the week close to 100 goal.
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  • #355
  • May 24, 2023 10:42am May 24, 2023 10:42am
Quoting lorecavoli
Since we were about 30 pips in profit theoretically we should have moved SL to BE and therefore now the trade should have been close, right?
Well in my structure I have said 30-40... the gain never saw the 40, nor showed any strong or sustain bull momentum.
But if you have moved it to BE and out of the trade it's all good... the survival of this trade is 50/50 at best.
I don't sweat stop hits... I rather give my trade all the chances it needs to prevail and not jump the gun on eliminating it.
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  • #356
  • May 24, 2023 10:43am May 24, 2023 10:43am
Give a min i show you guys example about BE move...
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  • #357
  • Edited 12:44pm May 24, 2023 10:52am | Edited 12:44pm
Ok guys look at the two circled spots in the chart... what's the difference between the two?
You all are asking a lot of questions about the BE and looking for something super firm and that's not how trading work.. that is why I am not all for coding/EA... so let's hear your input or answers.
We were in that trade as well live and BE that one, but I moved my stop to BE when?
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  • #358
  • May 24, 2023 10:55am May 24, 2023 10:55am
Quoting nadi-fx
Ok guys look at the two circled spots in the chart... what's the difference between the two? You all are asking a lot of questions about the BE and looking for something super firm and that's not how trading work.. that is why I am not all for coding/EA... so lets here your input or answers. We were in that trade as well live and BE that one, but I moved my stop to BE when? {image}
In the first trade, the H4 candle closed above 30 pips from the origin of the trade hence BE. the current trade did not
  • #359
  • May 24, 2023 11:03am May 24, 2023 11:03am
Quoting Jewel1996
{quote} In the first trade, the H4 candle closed above 30 pips from the origin of the trade hence BE. the current trade did not
I agree with this take
  • #360
  • May 24, 2023 11:03am May 24, 2023 11:03am
Quoting Jewel1996
{quote} In the first trade, the H4 candle closed above 30 pips from the origin of the trade hence BE. the current trade has not
I understand the close, but don't get fixated on the close so much but rather the strong very sustain bull move away from LV and the after math, which is a halt and reject to go up further the look alike of a PB peak for a trend resume... now in that case I will move my SL to BE to be safe from not giving up a 30 on top of losing out on 60-70 gain!

Now the case on the 2nd circle is not the same is it... we never had the strong candle to solidify the strong bounce in the first place and that's where it ends.
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