30 pages! Wow.
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DislikedThere is three parts to trading
1. Finding the trades (entry)
2. Money management
3. Finding the exits
#1 & #2 which is what most of the thread is about are not changing, they have worked for me so far and I'm sticking to my methods until they prove me wrong.
I'm only adjusting #3, based on my observations, emotions.
Its actually more of sticking to the rules which I used to bend before, due to greed. Many times I had both TP and SL set up but then the price started going for me so I just took off the TP or moved too far away, before I notice...Ignored
QuoteDislikedFirstly, you have to do whatever works for you, and I mean that with the greatest respect for your achievements. However EdgarNg is right when he observes a slight shift in your approach from the earlier pages in this thread. Personally I think your shift is well founded.
QuoteDislikedFirst question is that if you spot the rise A->B and then retracement to C, would you play for a second lift back to the B level or would you go for an equivalent size of secondary rise C->D at around 141.0?
QuoteDislikedSecond question is would you have drawn the start from A or would you have gone back lower to the 138.0 region?
QuoteDislikedBack nearer the beginning of the thread you were looking to run some bigger winners
QuoteDislikedAt entry C you open two trades (Ok I realise that can be the same as one larger trade) and you shut down one of them at your chosen TP. The other trade then acquires a BE stop loss and is allowed to run until you deem it prudent to close. In this case quite a big score, but I don't know if I would have the resolve to hold it through dip in price at 13:00 on 31st.
QuoteDislikedAlso these moves can tease you sometimes.
QuoteDislikedFinally, how do you get the pictures embedded inline with the text?
DislikedHi Primate
for some reason I wasn't notified of any new posts on the thread and just noticed your right now. I'll be happy to answer after I get out of this GJ trade - too much fun.
RIgnored
DislikedGreat thread Robert, posting to subscribe.
I noticed your talking about a 20 pip TP. Most of my trading is based off taking high R:R trades averaging around 1:4
Why aren't you leaving trades open for days in the direction of the trend?
Regards Seb.Ignored
DislikedPrimate
I see these setups all the time, I'm trying to concentrate much of my trading on this pattern since it is so predictable. It works on all time frames.
RIgnored
DislikedI like your journal congrats on your great success! I am not consistently a winning trader and will be moving up to standard lot sizes very soon. in your post that showed your wins, are you trading standard lots?Ignored