[quote=pianosax12;2882896]
I use Alpari UK, I have no problems with them at all.
Just over 250 pips is a good week in anyones book. I didn't take a lot of the possible signals available over the last few weeks as I just didn't like the look of the candles. In a lot of cases there was a lot of noise to the left and they weren't what I would call obvious.
These days I'm getting very fussy about which trades I take and I am missing out on winners but I'm also cutting out a lot of losers so my % win rate is higher but my r/r is the same. Adds up a lot better to me in the long run.
It's nice taking some profits occasionally but I would be mindful of the amount you risked to get those profits. I don't know what stop loss you use but I generally use 200 pips. I need a lot of 100 pip trades to cover my losses and I'd need a pretty high win rate to break even. Much better to trail your stop loss, and pretty loosly too. If you've had a good signal let it ride. Once you get to +100 or so pips go to breakeven and then just watch the price on a daily basis if you're sure of the trend. You can trail the stop down every night. I know you will always be giving back some of your gains but once you've had a few 1000+ pip trades you will feel more relaxed about the 200 pip losses and giving back 50 or 100 pips on a trade.
Sorry if I sound like I'm trying to teach you to suck eggs but I've got the contents of this thread in my head like an encyclopedia and sometimes it explodes out!
DislikedI.
I took the gbpchf long which looked good to me at the time but got stopped out with that big down spike.
Hi Hel13rock
My reason for the post, as you can see i love to type, was that I have only taken 3 trades this month, all at the beginning of the week:
Long GBP/ Chf @ 1.795 on pinbar with gd confluence.
I closed out too early, which is a recurring prob for me, but profit was 100 ish pips.
Short E/ Aud , again pinbar with confluence. Same story, panicked, closed out early, profit 150 ish pips.
Short E/Gbp,...Ignored
Just over 250 pips is a good week in anyones book. I didn't take a lot of the possible signals available over the last few weeks as I just didn't like the look of the candles. In a lot of cases there was a lot of noise to the left and they weren't what I would call obvious.
These days I'm getting very fussy about which trades I take and I am missing out on winners but I'm also cutting out a lot of losers so my % win rate is higher but my r/r is the same. Adds up a lot better to me in the long run.
It's nice taking some profits occasionally but I would be mindful of the amount you risked to get those profits. I don't know what stop loss you use but I generally use 200 pips. I need a lot of 100 pip trades to cover my losses and I'd need a pretty high win rate to break even. Much better to trail your stop loss, and pretty loosly too. If you've had a good signal let it ride. Once you get to +100 or so pips go to breakeven and then just watch the price on a daily basis if you're sure of the trend. You can trail the stop down every night. I know you will always be giving back some of your gains but once you've had a few 1000+ pip trades you will feel more relaxed about the 200 pip losses and giving back 50 or 100 pips on a trade.
Sorry if I sound like I'm trying to teach you to suck eggs but I've got the contents of this thread in my head like an encyclopedia and sometimes it explodes out!
Gratz
..
