DislikedCould you please put your templates, i need to see all three timeframes.
Thank youIgnored
Good Luck
- #1,625
- Apr 24, 2010 10:49pm Apr 24, 2010 10:49pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Tks Star,
If there is no other solution, this is the way to go.
But I just wonder the pipware chart should has this simple capacity, its the way I didn't know how to use, yet.
Tks
City
If there is no other solution, this is the way to go.
But I just wonder the pipware chart should has this simple capacity, its the way I didn't know how to use, yet.
Tks
City
Hi City
Stop cracking your head, another simple solution is to use two chart of the same currency but different timeframe and align them as shown below.
Save them under profile and you get the best of both world.
Enjoy.
- #1,626
- Apr 25, 2010 2:35am Apr 25, 2010 2:35am
- | Commercial User | Joined Jul 2009 | 1,436 Posts
How many pairs are you guys watching when using THV/DB?
- #1,631
- Apr 26, 2010 4:18pm Apr 26, 2010 4:18pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
As I study my trading results, I am realising more and more that size of losses vs size of wins is most important ... could this be the elusive 'holy grail'
Over this last week I have been experimenting with all sorts of trading opportunities and find that this simple principle is what has kept me profitable.
Below are my trades from yesterday. Note that there are some trade entries that I haven't taught yet. These will be taught later in the skype room (when I feel they are profitable long-term).
I usually prefer results in % so I can account for the differing lot sizes but for this example the pip values will suffice.
102.2 pips gained over 7 trades
29.7 pips lost over 3 trades
-----
72.5 pips profit with a 70% win ratio
now let's look at this a little differently. We'll assume that we have a stop of 10 pips and take profit of 15 pips ie the trade is only ended when 15 pips profit is reached or 10 pips loss is reached.
So, we will adjust all the winning trades that are below 15 pips to -10 pips and all losing trades to -10 pips. Here's the result:
91 pips gained over 3 trades
70 pips lost over 7 trades
--
21 pips profit with a 30% win ratio
We're still winning but it was a lot of effort.
Now let's change this to -15 pip for all losing trades
91 pips gained over 3 trades
105 pips lost over 7 trades
---
-14 pips profit with a 30% win ratio
So where is this all leading? I believe that even with a good strategy for entering trades you can still lose significantly if you don't cut your losers quick. Break-even or 1-5 pips profit is still better than 20-30 pip loss.
Over this last week I have been experimenting with all sorts of trading opportunities and find that this simple principle is what has kept me profitable.
Below are my trades from yesterday. Note that there are some trade entries that I haven't taught yet. These will be taught later in the skype room (when I feel they are profitable long-term).
I usually prefer results in % so I can account for the differing lot sizes but for this example the pip values will suffice.
102.2 pips gained over 7 trades
29.7 pips lost over 3 trades
-----
72.5 pips profit with a 70% win ratio
now let's look at this a little differently. We'll assume that we have a stop of 10 pips and take profit of 15 pips ie the trade is only ended when 15 pips profit is reached or 10 pips loss is reached.
So, we will adjust all the winning trades that are below 15 pips to -10 pips and all losing trades to -10 pips. Here's the result:
91 pips gained over 3 trades
70 pips lost over 7 trades
--
21 pips profit with a 30% win ratio
We're still winning but it was a lot of effort.
Now let's change this to -15 pip for all losing trades
91 pips gained over 3 trades
105 pips lost over 7 trades
---
-14 pips profit with a 30% win ratio
So where is this all leading? I believe that even with a good strategy for entering trades you can still lose significantly if you don't cut your losers quick. Break-even or 1-5 pips profit is still better than 20-30 pip loss.
- #1,633
- Apr 26, 2010 8:08pm Apr 26, 2010 8:08pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Strat,
Small stop loss is totally agreed.
City
Small stop loss is totally agreed.
City
As I study my trading results, I am realising more and more that size of losses vs size of wins is most important ... could this be the elusive 'holy grail'
Over this last week I have been experimenting with all sorts of trading opportunities and find that this simple principle is what has kept me profitable.
Below are my trades from yesterday. Note that there are some trade entries that I haven't taught yet. These will be taught later in the skype room (when I feel they are profitable long-term).
I usually prefer results in %...
- #1,637
- Apr 27, 2010 4:47pm Apr 27, 2010 4:47pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
Some have asked for settings of the Ichimoku cloud for THV.
This indicator is built into metatrader. On the menus:
Insert -> Indicators -> Oscillators -> Ichimoku Kinko Hyo
This indicator is built into metatrader. On the menus:
Insert -> Indicators -> Oscillators -> Ichimoku Kinko Hyo
- #1,638
- Apr 27, 2010 5:18pm Apr 27, 2010 5:18pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
Awesome trading
You got the idea
. I really enjoy seeing people prosper like this. You give me encouragement to keep teaching 
.
You got the idea
. I really enjoy seeing people prosper like this. You give me encouragement to keep teaching . Took signals and did 14 trades today. 4 losses, 10 wins, net 71 pips. Biggest loss was 6 pips, largest win was 20 pips..
