DislikedHi coolshades.
How can you be out with 200pips?
Are you doing something diferent?
My g/u trade is at 100protected because it hasnt reached the following area for me to "rule-wise" protect 200pips.
bit confused here pal....Ignored
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DislikedHi coolshades.
How can you be out with 200pips?
Are you doing something diferent?
My g/u trade is at 100protected because it hasnt reached the following area for me to "rule-wise" protect 200pips.
bit confused here pal....Ignored
DislikedHi,pip just my take here coolshades got in @1.6550 [email protected] locked in 100@16750 locked in [email protected] stopped out @1.6750. for 200pips.Ignored
DislikedCR is right. my 50% fib was at 6548 at the time of taking the trade and i entered at 6550.Ignored
DislikedHi all, just wondering is there anyone who had tried different way of SL?
In my last EU trade i took long on 1.4850 (13Nov) and the price move to as high as 1.5015 which means 165pip, at this point my SL already moved to BE and then price went back to 1.4850 which means i stopped out at BE. But i think its a lot of waste to just let my profit go back to zero, luckily i close the trade for +55 because the down move is very fast.
Others reply is also appreciateIgnored
DislikedHi all, just wondering is there anyone who had tried different way of SL?
In my last EU trade i took long on 1.4850 (13Nov) and the price move to as high as 1.5015 which means 165pip, at this point my SL already moved to BE and then price went back to 1.4850 which means i stopped out at BE. But i think its a lot of waste to just let my profit go back to zero, luckily i close the trade for +55 because the down move is very fast.
Others reply is also appreciateIgnored
Dislikedall i can say is that the idea of using 100 pip sl and moving them to be and then onwards for every 100 pip move is to make the system as mechanical as possible and therefore weed out emotional mistakes.Ignored
DislikedDont want to go off topic about size of stop losses and certainly not recommend it as im testing it personally...
Ive been backtesting the method with 5 months of data.
Using a 100 tsl vs. a 40 tsl.
The 100, if STRICT, works impressively. That gave me a lot of confidence in the method as well. Of the 5 month backtesting (and that isnt EVERY trade) the highest returning month was 30%. The lowest 8% (so far...).
However, i also backtested the exact same trades but with a 40 tsl, and funny enough it worked amazingly. You make less pips, but...Ignored
DislikedThat's exactly right.
(not suggesting you are a newb coolshades!)
DanIgnored
DislikedKeep in mind that the size of the stop loss will change over time. The use of a 100 pip stop at the moment is based on an increase in market volatility - up until about July 2008 a 50 pip stop was the norm on E/U.
Market volatility has calmed down a bit in recent months so it might be possible to consider a smaller size stop loss however I will be sticking with a 100 pip stop until further notice!!Ignored
Dislikedgiven that my account is only 20% up this year from start of year, i am very much a newbie.
ps: stop rolling about on the floor in laughterIgnored
DislikedJanuary has been a very good month overall. Total pip count is +2200 which I am very pleased with.
EUR/USD
Total Pips Won: 1400
Total Pips Lost: 400
Profit: 1000
GBP/USD
Total Pips Won: 1600
Total Pips Lost: 400
Profit: 1200
TOTAL
Total Pips Won: 3000
Total Pips Lost: 800
Profit: 2200Ignored
DislikedSo many pips , Just like a Dream to me.
I'm very interesting about your Trading System. Would u give me a hand.Ignored
DislikedYes of course we can give you a hand! I would note though that January was a particularly successful month!Ignored
Dislikedgiven that my account is only 20% up this year from start of year, i am very much a newbie.
ps: stop rolling about on the floor in laughterIgnored