Hi Jiva, I am following the EUR/USD, I see on the 15M a downtrend but 5M a 1M are in blue in the Fisher indicator. Would you have taken those entries on 1 or 5M or just waited for white signals to follow the trend? Thanks
DislikedHi Jiva, I am following the EUR/USD, I see on the 15M a downtrend but 5M a 1M are in blue in the Fisher indicator. Would you have taken those entries on 1 or 5M or just waited for white signals to follow the trend? ThanksIgnored
DislikedGreat to hear from you. Glad to hear you find the thread helpful.
looks like we are on the same page...
you're right, the other 2 ma's, the 13 and the 25 are really not needed.
I guess it's just an overall visual thing for me. Gives me a kind of orientation for price action. Like trees in the background of a portrait. No signal relevance at all. just a kind of general orientation. Maybe it's a "baby blanky"
have tried dumping them but felt uneasy.
The repainting for fisher is very minimal. Not coo coo like some other...Ignored
DislikedYou are a wise person. I know the truth of what you are saying.. Now I have to live it.
It is funny how I know something to be true but faced with a situation I will go against the true understanding. That somehow this time "The law of gravity will be defied" just for me.. greed, greed, greed. What an amazing phenomenon. A blinding effect, make bad decision, then kicking afterwards. Oh, all my money is gone...
I am determined to learn discipline. I will learn. I am learning. Thank you.
jiva34...Ignored
DislikedYou will get to where you want to be when it comes to being disciplined....Ignored
DislikedNext trade I post, I post for you.
10 pips. 5min.
question: How do you calculate your stop? Is it also 10 pips or do you consider your trades hi probability trades and let your stops be more than 10 pips.Ignored
DislikedHere is where many people will bash me but I know what works for me. I use a stop loss of 20 pips. This allows me to not get stopped out prematurely on normal market swings. With targeting 10 pips, I'm winning between 70-75% of my trades. I try to have a high hit rate and limit my exposure in the market. In doing so, I'm rarely stopped out for the full 20 pips. As price moves in my favor, I do move my stop to protect profits an minimize my risk.Ignored
DislikedThat is an acceptable strategy I've heard discussed by professionals. It is called "hi probablity trading". The frequency of successes offsets the larger risk.
Makes sense like that.
The other type of trading I heard discussed was "hi profitability trading" and the stops are set exactly opposite. Because those trades aim at catching the one really big move, they set the stop seriously close and prepare to take lots of very small losses until they are into that one big trade.
Also an acceptable...Ignored