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  • #260,801
  • Jun 21, 2010 3:15am Jun 21, 2010 3:15am
i knew it: i've my system: it has different "security levels" but the most important is that if a siugnal appears right before or right after a market opening then it MUST BE TAKEN! and again i didn't....oh hell....
  • #260,802
  • Jun 21, 2010 3:17am Jun 21, 2010 3:17am
It could come back and give you another opportunity.
Only expectation matters . . .
  • #260,803
  • Jun 21, 2010 3:18am Jun 21, 2010 3:18am
Quoting PriceVolume
That's not what I'm saying....all I'm saying is risking a loss of that many pips for a win of only 30 pips - well, it's difficult math for profitibility. Just food for thought....
thanks for ur advice. i know risk to reward really suck with that kind of sl. what should i do now? close my entries or increase my tp to 2580. i rarely do that.
  • #260,804
  • Jun 21, 2010 3:22am Jun 21, 2010 3:22am
Quoting RebelRed
Yeah, i think you need to keep about a 2:1 ratio in general. And be realistic too.
No particular ratio is needed, just positive expectancy.

Quoting cheagil
thanks for ur advice. i know risk to reward really suck with that kind of sl. what should i do now? close my entries or increase my tp to 2580. i rarely do that.
If in doubt, close the trade and re-evaluate.
  • #260,805
  • Jun 21, 2010 3:24am Jun 21, 2010 3:24am
Quoting cheagil
thanks for ur advice. i know risk to reward really suck with that kind of sl. what should i do now? close my entries or increase my tp to 2580. i rarely do that.
I don't know what your leverage situation is. But if you're not overleveraged, the downward resumption is not a done deal yet - we could still bounce. As gator has mentioned, 2358ish is important. But there is no way that I would take a 100 pip drawdown for only 30 pips. If you decide to keep it open, I wouldn't let it come back on you again - lock some profit...take half off the table, and let the rest run....
  • #260,806
  • Jun 21, 2010 3:26am Jun 21, 2010 3:26am
Quoting Mr J
No particular ratio is needed, just positive expectancy.



If in doubt, close the trade and re-evaluate.
Depends on your system. I've seen profitable systems with poor win frequency, but really high reward to risk. I've also seen high win frequency systems with only 1:1. It depends on the system.....
  • #260,807
  • Jun 21, 2010 3:30am Jun 21, 2010 3:30am
Quoting PriceVolume
Depends on your system. I've seen profitable systems with poor win frequency, but really high reward to risk. I've also seen high win frequency systems with only 1:1. It depends on the system.....
That is correct. I think many people, especially new traders, can benefit from a higher ratio. You don't have to be right as much and it keeps you from chasing pips. Also it will force you to analyze more and guess less.

I don't adhere to a strict ratio, but I do keep it in mind. I can do fine with a 1:1, but at no time will I ever do something like risking 100 pips to gain something like 70.

I'm not interested in sports betting with my capital.
Only expectation matters . . .
  • #260,808
  • Jun 21, 2010 3:31am Jun 21, 2010 3:31am
Quoting RebelRed
That is correct. I think many people, especially new traders, can benefit from a higher ratio. You don't have to be right as much and it keeps you from chasing pips. Also it will force you to analyze more and guess less.

I don't adhere to a strict ratio, but I do keep it in mind. I can do fine with a 1:1, but at no time will I ever do something like risking 100 pips to gain something like 70.

I'm not interested in sports betting with my capital.
Great movie by the way. Best with a few cigars and a bottle of scotch.
  • #260,809
  • Jun 21, 2010 3:32am Jun 21, 2010 3:32am
I exited my short position for now. Going to wait to see how things play out for a bit.
Only expectation matters . . .
  • #260,810
  • Jun 21, 2010 3:38am Jun 21, 2010 3:38am
Quoting RebelRed
I exited my short position for now. Going to wait to see how things play out for a bit.
I moved my stops to BE+. Looking like we go lower.....
  • #260,811
  • Jun 21, 2010 3:39am Jun 21, 2010 3:39am
Morning to all , shorting active now & waiting for tp hity 1.2402 , expected movement down to 1.2398 to 92 & as seeing price may bounce again in the wedge up , may be last leg towards 1.2448 to 89 pending long set at 1.2395 & 1.24 for it or whatever work .
daily tf candle 8th of the bull running and as expected may go more up with ranging up & down ,also similar 9th daily candle .great tl at up , wedge up near complete ,price already tested top range levels & price at the market open showing strong bull at tl & subject to exhaustion soon but not lows of the ranges yet.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #260,812
  • Jun 21, 2010 3:39am Jun 21, 2010 3:39am
personally i enter a trade like a scalper, and as soon as positive, i give to breakeven and the add to position if i get runner, always try to hold as long as possible, keeping the profits run, entry like a scalper, exit like a swinger . Many trades are stoped at breakeven, but when i "catch it", im able to get 1:30 risk reward, yes, its possible, but its just my style...
  • #260,813
  • Jun 21, 2010 3:40am Jun 21, 2010 3:40am
Quoting Naseri13
He broked 2438 ~!


http://askafo.com/apic/2162010eu-46fb5gh46fd5hg.PNG
We should say hi too 2390
A little beginner trader since 2006
  • #260,814
  • Jun 21, 2010 3:49am Jun 21, 2010 3:49am
Shorting the Euro while long on the CHF.

The Euro short has profits locked in from way back but the Swissy trade is new. Keeping an eye on that one. Wish me luck, I need the money for Asahi Supercans
Not all sins are created equal
  • #260,815
  • Jun 21, 2010 3:50am Jun 21, 2010 3:50am
if hourly close above 2417 im taking profit
  • #260,816
  • Jun 21, 2010 3:51am Jun 21, 2010 3:51am
Quoting BlueGas
personally i enter a trade like a scalper, and as soon as positive, i give to breakeven and the add to position if i get runner, always try to hold as long as possible, keeping the profits run, entry like a scalper, exit like a swinger . Many trades are stoped at breakeven, but when i "catch it", im able to get 1:30 risk reward, yes, its possible, but its just my style...
I'm developing a similar trading style. Means that 90% of my positive trades get me a pip if I'm lucky but, the remaining 10% are usually worth mega money. And Now I'm getitng my Money Management under control I'm making money.
I operate with clear definite rules, if I break them I lose BIG!
  • #260,817
  • Jun 21, 2010 3:51am Jun 21, 2010 3:51am
Quoting PriceVolume
I moved my stops to BE+. Looking like we go lower.....
I think so too, but I was also looking at where it was at and where it might struggle next (2400), so there was no point in giving up pips to gain a few more.

If we start going south of 2400, I might pick it up again.

It bounced off 2420 and I thought it might go back to 2450 for a re-entry. It's holding right now though.
Only expectation matters . . .
  • #260,818
  • Jun 21, 2010 3:52am Jun 21, 2010 3:52am
2,414 is showing strengths that's my opinion
  • #260,819
  • Jun 21, 2010 3:53am Jun 21, 2010 3:53am
Quoting Jay Walker
Shorting the Euro while long on the CHF.

The Euro short has profits locked in from way back but the Swissy trade is new. Keeping an eye on that one. Wish me luck, I need the money for Asahi Supercans
I'm long UC at the moment in anticipation of my buy signal bring triggered at the close of this hour's candle.

Not keep it for much though.

good luck!
Only expectation matters . . .
  • #260,820
  • Jun 21, 2010 3:57am Jun 21, 2010 3:57am
Quoting BlueGas
if hourly close above 2417 im taking profit
Damn fear! Im holding it, didnt saw this :/

http://img716.imageshack.us/img716/2...1221121212.png
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