Im stopped out on both trades. My first loosing week.
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DislikedBill, can you post how many pips total gain?
thanks,
have a nice weekend guys.
Ignored
DislikedBill, I notice that on the first trade you set the TP to the size of the channel. Now if your first trade fails will you set the TP for the 2nd trade to 2x the size of the channel?
Also, do you risk 1% or 2% per trade?Ignored
Dislikedbill,
can u post how it calculate...since i cant get the exact result..ThanksIgnored
DislikedTaking the last two 4H bars (Friday) from North Finance
H= 212.11
L= 210.96
Range = 115 pips.
That's >100. We don't have to go back another bar.
Add 1 pip + spread(9 pips) to the H for BUY STOP.
BUY STOP = 212.21
Subtract 1 pip from the L for SELL STOP.
SELL STOP = 210.95
BUY STOP - SELL STOP = 126 pips
BUY STOP + 126 = TP (buy) = 213.47
SELL STOP - 126 = TP (sell) = 209.69
So:
BUY STOP = 212.21
SL= 210.95
TP = 213.47
SELL STOP = 210.95
SL = 212.21
TP = 209.69Ignored
Dislikedhi bill, everebody..
i checked a setup.. look right to me, but i have got right now spread 10 pips (NF).. so can we just make a "RULE" and use since now on 9 pips no matter what...???Ignored
DislikedHere's a calculator in Excel I put together. If the channel doesn't equal 100 pips, you will need to add these values into spreadsheet numbers to make it equal 100. If a member knows the formula to add this feature than please do so. I am also attaching a market-value indicator that shows pip value in USD so you can plug this into the mm table.Ignored