DislikedHi Paulus:
Always a pleasure to see you on the threads, I hope everything is going well with you and looking forward to your thoughts. Take care.
JimIgnored
Thanks Jim thats a nice thing to say I appreciate it
Paulus
- #2,762
- Jul 16, 2010 2:43am Jul 16, 2010 2:43am
- Joined Apr 2008 | Status: sometimes... news come unexpected | 7,708 Posts
YEEEEEEEEEEEEEEES, my first trade live account with you Tony, maybe 80 pips seems a bit short
I have to sleep at least 4 hours, see you at NY open... it's not guaranteed, that I will be able to trade at NY open if this trade is still open...
good night
Invest in alarm clocks
- #2,765
- Edited 3:45am Jul 16, 2010 3:07am | Edited 3:45am
Hi Tony,
thanx for sharing your system - such a amazing idea!! Iīve been papertrading it for couple of weeks and I have to say that results are realy great! I checked the changes what u post yesterday and hope that other friends from this thread will follow the rules. Then "WE CAN CHANGE" (not like barack
). Today I see that most of you are going up since London open so I hope you hit the PT!!
Regards
thanx for sharing your system - such a amazing idea!! Iīve been papertrading it for couple of weeks and I have to say that results are realy great! I checked the changes what u post yesterday and hope that other friends from this thread will follow the rules. Then "WE CAN CHANGE" (not like barack
). Today I see that most of you are going up since London open so I hope you hit the PT!!Regards
the chart explains it very well - initial direction - JUMP ON THE TRAIN with 2 pip SL... then reduce to 0 progressively
I have a little question right there. You enter the trade and at which point of the trade being positive do you start to reduce the SL to 0?
For example : The trade is 0.5 pips positive , that means you reduce SL to 1.5 pips ?
Or do you wait until the trade is for example 3 pips positive and begin at that point to cut the SL progressively to 0.
Hi alfanzereii,
Good observation, the power of number sequence eh !
Hi BabeFX,
nice lines you got there on your chart
- #2,768
- Edited 3:57am Jul 16, 2010 3:39am | Edited 3:57am
Tony, Thanks again.
I have always known/believed /whatever you wanna call it that smaller exposure( in SL) is the way to maximize growth(%) of account for same amount of effort/time in. I used to wonder why people would trade big 100+ pip SL's on big charts just to see those big drawdowns and ultimately smaller growth.
Your account is growing so fast you can hardly believe it. I look forward to having that same challenge...in fact, I'd declare that most anybody really following this thread is also visualizing that same thing. So it is only natural to spend some time talking about the emotional side of this growth and the "pucker factor". I used to trade some bigger bucks of OPM for a company, and what I had to do, even though it wasn't my dough, was to change my profit view from dollars to pips( on MT4 multiterminal or you can even do it on MT4 regular, and I am sure you can do it on most different platforms). It had to be, for me, the pips, not the dollars, until I was done- then I would check the dollars. For me also, the pucker factor is when I was using a bigger stop loss than ANY described on this thread, and PA would go against my position and MAN, was I clenching(LOL-NOW, not then). I know there are others on here with different levels of LIVE experience- no offense to the demo account traders- we all gotta start somewhere- that could put in something about how they have dealt with the emotional side of GROWTH specifically. Please share if that's you!
Also, Tony, on the subject of TP's, I notice sometimes you bail early before your 140 or 120 pip TP level on some of the charts you've shared. Any method to the madness? (I mean that in the most complementary of ways)
I like what alfanz brought to the thread, as fibo anythings are one of the best tools I have EVER experienced. In fact, in building our next house, I will use window dimensions that are fibos. As take profit levels, I think you have opened up a worthy dialogue to help us all maximize pips out of this 'T112 system' I call it.
Thanks to all.
Happy pippin'
I have always known/believed /whatever you wanna call it that smaller exposure( in SL) is the way to maximize growth(%) of account for same amount of effort/time in. I used to wonder why people would trade big 100+ pip SL's on big charts just to see those big drawdowns and ultimately smaller growth.
Your account is growing so fast you can hardly believe it. I look forward to having that same challenge...in fact, I'd declare that most anybody really following this thread is also visualizing that same thing. So it is only natural to spend some time talking about the emotional side of this growth and the "pucker factor". I used to trade some bigger bucks of OPM for a company, and what I had to do, even though it wasn't my dough, was to change my profit view from dollars to pips( on MT4 multiterminal or you can even do it on MT4 regular, and I am sure you can do it on most different platforms). It had to be, for me, the pips, not the dollars, until I was done- then I would check the dollars. For me also, the pucker factor is when I was using a bigger stop loss than ANY described on this thread, and PA would go against my position and MAN, was I clenching(LOL-NOW, not then). I know there are others on here with different levels of LIVE experience- no offense to the demo account traders- we all gotta start somewhere- that could put in something about how they have dealt with the emotional side of GROWTH specifically. Please share if that's you!
Also, Tony, on the subject of TP's, I notice sometimes you bail early before your 140 or 120 pip TP level on some of the charts you've shared. Any method to the madness? (I mean that in the most complementary of ways)
I like what alfanz brought to the thread, as fibo anythings are one of the best tools I have EVER experienced. In fact, in building our next house, I will use window dimensions that are fibos. As take profit levels, I think you have opened up a worthy dialogue to help us all maximize pips out of this 'T112 system' I call it.
Thanks to all.
Happy pippin'
Blessings,
Monk E.
The hardest is to wait, to be patient and not close your trade with TP like 40 pips......
Now +70 pips...who knows.... even if it hits the SL, itīs a 0SL.....
Yes I agree... The worst is when your mind say to you: " cīmon, its 60 pips, thats $ 600, you can take it..."
That is big dilema for me. Some traders says: "profit is profit, so take if it is in front of you" and the others says: " minimize your risk and letīs your profits rise..."
and now you choose
what could be more profitable ?
- #2,774
- Jul 16, 2010 4:45am Jul 16, 2010 4:45am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts
- #2,777
- Jul 16, 2010 4:55am Jul 16, 2010 4:55am
- Joined Nov 2008 | Status: You must obey the dance commander | 2,038 Posts