i know whenhehe, when it breaks the 1Hr Cloud to the above side then will be ready for go long
good luck
Below 4h US index, Chart can tell :-)
- #7,001
- Edited 12:19pm Dec 10, 2009 12:07pm | Edited 12:19pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Below 4h US index, Chart can tell :-)
- #7,008
- Dec 10, 2009 12:52pm Dec 10, 2009 12:52pm
you know what i like man , you are a trend follower , you are doing it right , you are following the real action happening now ( you trade what you see), you are not wishing the market to follow you you are following the market
you are in control
Good job in here
if you are facing a problem with money management and risk calculation let me know i can help in this
good luck
When I'm in a trade, I try to get myself comfortable with moving my SL to BE as soon as I can. To follow your earlier posts, this "frees up a slot" for me to take a new trade, as I have theoretically freed up 1% of risk. Only issue with this in the context of ichi is that, with H1 trades, i keep thinking that I should leave some trades to "breathe", only for the retrace to result in a complete reversal of fortune. For example, recently I've been 100pips up on EU, I left my SL below the D1 kumo (1.4613, which was about 200pips risk), so my profit was only 0.5%. I thought I hadn't made enough profit to warrant a move of my SL and the spanB hadn't moved to justify a SL adjustment per this thread's guidance. So i left it as is. As we know, the PA is now in the kumo and looking bearish, but hasn't hit my SL yet. But it's now hurting my account, not helping it.
I asked previously about target profit and the answer that came back was "adjust SL with span B", which also kinda makes sense. However, I think I do want a better sense of when's a good time to stick with Span B, even if your SL represents a loss but current price represents a profit.
Does this makes sense? Happy for your views. Thanks again.
There's nothing new in trading. You buy, you sell, that's it....
- #7,009
- Dec 10, 2009 1:03pm Dec 10, 2009 1:03pm
- | Commercial User | Joined Sep 2008 | 2,498 Posts
[b]Top man Vic, I think I've got the MM under control generally but happy to hear ur views, that is to say I adjust my lot size to ensure that i risk no more than 1% of my capital per trade; and i limit myself to no more than half a dozen trades (6% risk) overall....
Check these posts and let me know if you still facing any problems
-Trend is your friend !!!!! ( Kumo Breakout)
http://www.forexfactory.com/showpost...postcount=6573
http://www.forexfactory.com/showpost...postcount=6600
- Risk and Reward
http://www.forexfactory.com/showpost...postcount=6649
Good Luck
- #7,010
- Dec 10, 2009 1:17pm Dec 10, 2009 1:17pm
Great RM and MM u have
Check these posts and let me know if you still facing any problems
-Trend is your friend !!!!! ( Kumo Breakout)
http://www.forexfactory.com/showpost...postcount=6573
http://www.forexfactory.com/showpost...postcount=6600
- Risk and Reward
http://www.forexfactory.com/showpost...postcount=6649
Good Luck
There's nothing new in trading. You buy, you sell, that's it....
- #7,012
- Dec 10, 2009 2:17pm Dec 10, 2009 2:17pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
- #7,014
- Dec 10, 2009 4:47pm Dec 10, 2009 4:47pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
I believe the active traders are taking any signal that looks solid and high probability...
I've seen you mention to many people that they need to "experiment and see what works". I totally agree with you. It's fascinating how we all follow the same system, and yet all have extremely individual styles.
Did I ever tell you how I got these pips?
