DislikedGU:
Entered short here at EP = 1.6021 with SL and TPs as shown in pic.Ignored
Added to short trade here at 1.6041, for EP average of 1.6031. Moved SL higher.
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DislikedGU:
Entered short here at EP = 1.6021 with SL and TPs as shown in pic.Ignored
DislikedNando_rich, the way I see your chart your two entries averaged together must have yielded an average price of 1.4080-1.4090.....somewhere in there. And based on your exit, it looks like about 16-18 pips below that average. This means you made about 16-17 pips on each of the two parts of the trade, which is why you state 35 pips profit?
If this is the case, then by convention, you should state only the pips distance from average entry to close, minus spread, as profit. So, in your case, the profit is more like 17 pips. Right? By convention, we...Ignored
DislikedI took this UCHF long setup (wave marked in yellow)
Question here (and I have seen multiple examples before):
How do we manage such trade which take off in our direction
just a little bit but then change to opposite direction.
1) Wait until SL is hit?
2) move SL to BE after the initial move to right direction (and get stopped out more frequently)
3) Take smaller profits along the ride to the top , TP1, TP2, TP3...
I think this is part of optimization of this whole sonicr trading approach.
But key to the success.
small wins vs. generous losses...Ignored
DislikedUChf:
Just added again to long trade and will calculate EP avg next post. Today is a mixed bag, with USD up against some currencies and down against others. And there seems no rhyme or reason for any of the weak USD moves. I think this pair is under extreme PPM manipulation for low prices right now, for the acquisition of longs for profits later, regardless of all other considerations.Ignored
DislikedSpace to let a trade breath sometime pays of.
UCHF now back on initial track an TP1 reached
:-)Ignored
DislikedYes you right...i took the trades independent...
1st entry: -2 pips
2nd entry: +37 pips
Totaly: +35 pips...
is it wrong?
Regards.Ignored
DislikedGU:
Added to short trade here at 1.6041, for EP average of 1.6031. Moved SL higher.Ignored
DislikedCongrats...good run!!!
1st half closed and 2nd half SL in BE?? I wait yes...
Talking about "the better volume" it showed us a good ie of "stopped volume in high"...
Best regards.Ignored
DislikedWhat you are looking at is a new indicator, based on the BetterVolumes v1.4 .mq4 indicator. I have added and cleaned code. You can now see in the Short Name the data relating to the averaging period selected (changed from a default of 100, to 20). You can easily turn the MA line on/off. And it has the same features as the SonicR Volume indicator. The Short Name can be turned on/off for a clearer display with multiple charts on-screen. And the indicator can be turned on/off, or set to display only in a certain range of TFs if you want another indicator...Ignored
DislikedEU:
Added at 1.4110, for EP average of 1.4100 now. Raised SL above yesterday highs to help protect SL if later there is a whipsaw in price.
USD high impact release later. Some USD pairs are being moved against dollar right now, as though getting best prices for a dollar strength move later. Very speculative, however.Ignored
DislikedEU:
Moves like this, about an hour after the London close, and about the end of lunch hour in NYC, leave no doubt about the BBs will to pump prices, even a couple of days ahead of Friday NFP. Since they pumped, they must be anticipating a dump on Friday.
The lesson here is that when major releases loom in the future, we must adjust our thinking to accept the real possibility of wide swings and whipsaws, even days in advance of major releases. This means only quick trades if SLs are tight. If trades might need time, then it is best if SLs are...Ignored
DislikedI agree totaly on quick trades with small SLs is the way to go in this choopy enviroment.
I think some of this week shorts may still be hoping for a reversal before the end of NY trading hours.If it doesn't happen,then traders with unrealized losses will start to close their positions,stops are triggered,all can push price even higher and the trend accelate at the end of the day or in asia session.
personaly I hope this happens soon,I would hate to see this choopy crap tomorow and friday. http://www.forexfactory.com/images/icons/icon7.gif
regards...Ignored
DislikedTAH what is a BB,a new name for PPMs?
sorry didn't catch it lately in posts...http://www.forexfactory.com/images/icons/icon10.gif
and yes...even those shorts at around BE or small profit might get scared...
regardsIgnored