Trend Trading All Pairs | Page 500 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

28 Pairs Trading Panel (Multi-pairs) 0 replies

Export All pairs or selected pairs to .csv with script 3 replies

Daily Bar Analysis - All Pairs/All Welcome 15 replies

Trend Trading All Currency Pairs 3 replies

Attachments: Trend Trading All Pairs
Exit Attachments

Trend Trading All Pairs

  • #9,981
  • Jan 6, 2011 3:09am Jan 6, 2011 3:09am
Quoting shiko
end results so to speak. I guess it is no good to miss entering set ups.
it depends, if you have a high win-loss and low R:R, then missing setups doesn't matter so much.
But if you have a low win-loss and high R:R, then it matters a lot.
  • #9,982
  • Jan 6, 2011 3:14am Jan 6, 2011 3:14am
Quoting Custos
it depends, if you have a high win-loss and low R:R, then missing setups doesn't matter so much.
But if you have a low win-loss and high R:R, then it matters a lot.
yeah, cannot miss those few.
It is what you do, right?
  • #9,983
  • Jan 6, 2011 3:15am Jan 6, 2011 3:15am
I am already in. let's see how it turns.
  • #9,984
  • Jan 6, 2011 3:15am Jan 6, 2011 3:15am
missed 2 set ups and see no others so far. a lot of US news coming today and tomorrow.
  • #9,985
  • Jan 6, 2011 3:16am Jan 6, 2011 3:16am
Quoting shiko
yeah, cannot miss those few.
It is what you do, right?
yeah, with my main strategy I am not allowed to miss any trades. Otherwise the system will be a net loser.
  • #9,986
  • Jan 6, 2011 3:21am Jan 6, 2011 3:21am
Quoting Custos
yeah, with my main strategy I am not allowed to miss any trades. Otherwise the system will be a net loser.

am thinking of what I am doing on demo.
I take every set up aand let it run. already explained. tak profit always at least 1.5 bigger than stop loss to maximum 3:1. close profitable trade if no take profit by the end of the day. Ibut size and risk on demo is too much but it looks like it works even having so many trades as set ups are on higher TF. I am thinking how to incorporate it into live trading with reduced risk. I fee uncomfortable to risk more than 2%, usually 1% per trade and unlike demo my size on Live is according to stop loss.
  • #9,987
  • Jan 6, 2011 3:24am Jan 6, 2011 3:24am
Quoting Custos
yeah, with my main strategy I am not allowed to miss any trades. Otherwise the system will be a net loser.
obviously with 10:1 R;R you cannot miss. But you can be quite liberal with your entries.
  • #9,988
  • Jan 6, 2011 3:25am Jan 6, 2011 3:25am
btw, are you using blackberry or other similar device to monitor and enter trades? I am thinking of getting one.
  • #9,989
  • Jan 6, 2011 3:26am Jan 6, 2011 3:26am
Quoting shiko
[i] am thinking of what I am doing on demo.
I take every set up aand let it run. already explained. tak profit always at least 1.5 bigger than stop loss to maximum 3:1. close profitable trade if no take profit by the end of the day. Ibut size and risk on demo is too much but it looks like it works even having so many trades as set ups are on higher TF. I am thinking how to incorporate it into live trading with reduced risk. I fee uncomfortable to risk more than 2%, usually 1% per trade and unlike demo my size on Live is according to stop loss....
well, the try on demo if changing the size according to stop loss will affect your bottom line.
Cause at one point a peak in profitability is reached and then it will drop again. So you need to see if you are already at the peak and if adjusting size according to stop loss makes sense.
  • #9,990
  • Jan 6, 2011 3:27am Jan 6, 2011 3:27am
Quoting shiko
obviously with 10:1 R;R you cannot miss. But you can be quite liberal with your entries.
yep, as I mentioned, I can be very inaccurate and still get a positive result.
  • #9,991
  • Jan 6, 2011 3:29am Jan 6, 2011 3:29am
Quoting shiko
btw, are you using blackberry or other similar device to monitor and enter trades? I am thinking of getting one.
no, I am not monitoring trades. I just look at the charts 10 min a day and make my trading decisions.
Also I automated a strategy with positive expectancy. So that also saves me a lot of time in front of the screen.
  • #9,992
  • Jan 6, 2011 3:29am Jan 6, 2011 3:29am
Quoting Custos
well, the try on demo if changing the size according to stop loss will affect your bottom line.
Cause at one point a peak in profitability is reached and then it will drop again. So you need to see if you are already at the peak and if adjusting size according to stop loss makes sense.

I will try it. but risking 2-3% per trade live and having many them looks scary.
  • #9,993
  • Jan 6, 2011 3:41am Jan 6, 2011 3:41am
Quoting shiko
I will try it. but risking 2-3% per trade live and having many them looks scary.
no, I never said anything about 2-3% per trade.
I just said, if you used fixed size in demo, you should not change it into variable size live.
  • #9,994
  • Jan 6, 2011 3:48am Jan 6, 2011 3:48am
Quoting shiko
James doe snot say wait for retracement on PB but it is his usual topic.

here he mentions waiting for retracement:

http://www.forexfactory.com/attachme...8&d=1119067374
Hi ya Shiko....

James mainly goes on break outs of the PB's and more often than not says that BUOB and BEOB tend to have a 50% return into the bar before taking off....

I'm in the J16PF however I am in another course and he says you could get a 50% return into a PB before you take it..personally I don't like that idea as I don't seem to get these returns as said..also I've taken a fair few PB's before the break and had my money taken, so I prefer to take breaks of PB's now as they are more reliable....also if you flick through charts you start to notice different PA bars work better on different currencies so you may have a higher expectancy on bars in one currency compaired to another....

Cheers,
Adrian
  • #9,995
  • Jan 6, 2011 3:54am Jan 6, 2011 3:54am
Quoting Custos
nope, many winning trades shoot right through and don't retrace back.

Cause essentially you want to have momentum behind the trade, otherwise the probability will be lower that the trade will work out.
Hi ya Custos..

When your saying momentum behind the trade, are you saying if the trade starts to trade in a range for to long compared to the TF, the BPC can fail and could reverse in the opposite direction of the trend..

Cheers,
Adrian
  • #9,996
  • Jan 6, 2011 4:03am Jan 6, 2011 4:03am
Quoting aarangio
Hi ya Custos..

When your saying momentum behind the trade, are you saying if the trade starts to trade in a range for to long compared to the TF, the BPC can fail and could reverse in the opposite direction of the trend..

Cheers,
Adrian
yes, essentially that is what I am saying.
  • #9,997
  • Jan 6, 2011 4:15am Jan 6, 2011 4:15am
Quoting Custos
no, I am not monitoring trades. I just look at the charts 10 min a day and make my trading decisions.
Also I automated a strategy with positive expectancy. So that also saves me a lot of time in front of the screen.
Hi ya Custos..

I was wondering how do you go about this as in Hectors course he says you should be watching the trade after you've put it on where as myself I now prefer to walk away from the screen as my phsych will kick in and I could easily fiddle with the trades stops/profits/targets and cost me I feel most times..
Are you generally trading off the 4hr/Daily TF's and trade off end of day?..How do you manage the trade once your in it?..

Thanks for any help with this..

Cheers,
Adrian
  • #9,998
  • Jan 6, 2011 4:28am Jan 6, 2011 4:28am
Quoting aarangio
Hi ya Custos..

I was wondering how do you go about this as in Hectors course he says you should be watching the trade after you've put it on where as myself I now prefer to walk away from the screen as my phsych will kick in and I could easily fiddle with the trades stops/profits/targets and cost me I feel most times..
Are you generally trading off the 4hr/Daily TF's and trade off end of day?..How do you manage the trade once your in it?..

Thanks for any help with this..

Cheers,
Adrian
yeah, since I am just trading the higher time-frames, I don't have to watch the trade very closely, looking at it once a day is enough. Generally, I want to see a large push during london/ny session. If I don't see that on the day of entry, I am closing out my trade.

Time-stops are pretty much key I would say. But I rarely these days move stops to b/e or trail them. My backtests just showed that the results will become less favorable.
  • #9,999
  • Jan 6, 2011 4:36am Jan 6, 2011 4:36am
Quoting Custos
yeah, since I am just trading the higher time-frames, I don't have to watch the trade very closely, looking at it once a day is enough. Generally, I want to see a large push during london/ny session. If I don't see that on the day of entry, I am closing out my trade.

Time-stops are pretty much key I would say. But I rarely these days move stops to b/e or trail them. My backtests just showed that the results will become less favorable.
Excellent!, thanks for your help with this Custos
  • #10,000
  • Jan 6, 2011 5:34am Jan 6, 2011 5:34am
Quoting Custos
no, I never said anything about 2-3% per trade.
I just said, if you used fixed size in demo, you should not change it into variable size live.

I agree about that. cause it obviously would change results, but I wonder if risk with same size is too big.
3 traders viewing now