Hi to all!
Everything in life is about timing!
I am a newbie trader and learned a lot in this forum for the last couple of months! Thank you to all!
But what I was really missing was 'how to time my trade'!
When to exit a trade!?
A trending market is going up and down!
What would be a reasonable TP and SL on each currency and on each time frame? What do you think?
Please help me to fill out my attached Excel sheet!
How long will a trend take? e.g. EURUSD 1M?!?
e.g.
EU 1M:
TP1=10
TP2=15
TP3=18
SL=8
EU 1H:
TP1=25
TP2=30
TP3=45
SL= 25
GU 1M:
TP1=10
TP2=15
TP3=18
SL=15
GU 1H:
TP1=30
TP2=50
TP3=80
SL= 30
So who can help to make an helpful tool for all of us?
I know that this is very complex and depends on many things e.g. system, etc.
But please help so others can profit from your knowledge!
Manuel
P.S.: I post it in this thread because I believe that it is also a kind of system what you can expect from the market moves!
Everything in life is about timing!
I am a newbie trader and learned a lot in this forum for the last couple of months! Thank you to all!
But what I was really missing was 'how to time my trade'!
When to exit a trade!?
A trending market is going up and down!
What would be a reasonable TP and SL on each currency and on each time frame? What do you think?
Please help me to fill out my attached Excel sheet!
How long will a trend take? e.g. EURUSD 1M?!?
e.g.
EU 1M:
TP1=10
TP2=15
TP3=18
SL=8
EU 1H:
TP1=25
TP2=30
TP3=45
SL= 25
GU 1M:
TP1=10
TP2=15
TP3=18
SL=15
GU 1H:
TP1=30
TP2=50
TP3=80
SL= 30
So who can help to make an helpful tool for all of us?
I know that this is very complex and depends on many things e.g. system, etc.
But please help so others can profit from your knowledge!
Manuel
P.S.: I post it in this thread because I believe that it is also a kind of system what you can expect from the market moves!
Attached File(s)
PipRange.xls
24 KB
|
292 downloads