Good night everyone. Good trading
- #2,429
- Oct 27, 2010 7:42pm Oct 27, 2010 7:42pm
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
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DislikedLawgirl, if the current PA confirms third tap on 1 hr ej, and W, D, and 1Hr are pointing down, does it matter if 4 hr is pointing up? Or, would you wait for 4 hr to confirm PA and RSI? 4 Hour chart not attached, but it is tapping. Sorry if this question has been asked of you 161.8 times. See my chart. BTW, nice job on the indicator guys, really cool.Ignored
DislikedLawgirl, can I ask you how many trades you are willing to take at the same time? Monitoring 8-10 pairs, there can be as many as 5 or more trades confirm within hours, but this exposes the account to an accumulated risk.
Personally I want to keep my accumulated risk at less than 5% (risking no more than 2% on each trade), so that makes 2-3 trades for me at any one time.
How do you do it?Ignored
DislikedI will take as many as 3 at one time, but no more than that and that makes me a little uncomfortable. You are right, there are so many good trades it is often hard to know which ones to take. That is why I keep saying never worry about a missed trade as more will come along quicklyl.
So many good trades is another reason I put all trades on demo first and wait until they are going my way until I post them live. That way, I almost never have a live losing trade.Ignored
DislikedCan you elaborate on that one. please? What do you mean by "wait until they are going my way"? When are you going into a trade?Ignored
DislikedIs it safer to take triple tap trades only off 3 candles that match the trade you are taking? For example if you are taking long trade then it must be a triple tap of bull candles?Ignored
Disliked
So many good trades is another reason I put all trades on demo first and wait until they are going my way until I post them live. That way, I almost never have a live losing trade.Ignored
DislikedSo in order to give everybody time to look at your chart setups, you post the demo trades here and you then take them live when price keeps on going in your favor by some pips?
That must be some effort, which we all really appreciate. You're a star, LG!Ignored