Trading Made Simple(r)

Quoting Roscearm

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{quote} Closing this here. By RR calculation it is 7.35 but let me count this for 2R Scorecard: Wins: 39 Loss: 11 {image}

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Quoting Roscearm

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My GOLD chart is a mess. Please ignore all the horizontal lines. +2R EURUSD - now, with this one, i had put it a BE after the price ran considerably down. SL was hit (at BE) and then hit TP. This is why I am hesitant to move my stops from the original position. If you look at Gold, it did similar thing, but thankfully hit TP first before coming back and then going in the intended direction. Gold +2R EUR 0R Scorecard: Wins: 38 Loss: 11 {image} {image}

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Quoting Webb1003

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{quote} Are you drawing the red/white and green/white boxes after the trade to more easily show us? or is that a type of order placement on TV?

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Quoting Roscearm

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{quote} That is my order placement on the bar. I extend it to either SL or TP level when posting. So, basically long and short order position on TV

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Quoting MaDxPT

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First Trade of the week after market open. AUDUSD. 4H/DAILY Uptrend. Enter 30 min. Tp hit during sleep. The best ones.{image} 1.25R

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Quoting Roscearm

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{quote} That is my order placement on the bar. I extend it to either SL or TP level when posting. So, basically long and short order position on TV

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Quoting oohoo

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{quote} So do you post charts right after entry, or when the trade has developed already?

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Quoting RobinHood

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{quote} The answer is simple. If you are "concerned" about holding your positions over the weekend (or overnight), then your positions are probably too large relative to your account size (the amount of money in your account). Therefore, it would probably be in your best interest to close the trades or reduce the position sizes. Regarding Stop placements, I typically place mine just above or below the most recent swing low or high (depending on whether I am Long or Short), otherwise, if that's too far away, I tend to place my Stop just below or...

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Quoting CogAlpha

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USD/CAD.. {image}

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Quoting Roscearm

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Nice EUR short with total 3R. Before someone asks me if I broke the rules here, yes I did. This was another trial to get more Rs (hint: RSI). As you can see it did work. I have also taken this current long position but looks like it might hit SL. lets see. Scorecard: Wins: 41 Loss: 12 {image}

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Quoting lyj00088

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RH, Roscearm, all, Thank you for the great thread, been reading this (at work sometimes lol) for the last 1 week or so and doing some trades on demo. Some thoughts / questions on my end and would be great to hear your ideas: We all know some pairs move in somewhat correlation, like AUDUSD & NZDUSD or JPY siblings. For these pairs, sometimes we see similar signals after one bar close; do you always go in multiple position for each pair, or just go in with one most obvious pair (to control risk)? When we say getting confirmation from D1, for a long...

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Quoting cuchuflito

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{quote} Sounds good but still there is a problem with that. Unexpected "brutal news" on a weekend (or overnight), Brokers, like in the case of the Swiss Black Swan a few years ago, did not honor the stops, ("nobody on the other side to take the order" was the excuse). I think it was something like 1500 pips in a few minutes. Thousands of traders ended up with negative balances. Even people who were on the right side didn´t make money brokers waited till it came back to accept closing trades (they "needed to compensate for the losing trades" was...

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