Long Term Pips

i am not sure what my success ratio is, i know i win more than i lose and i have been profitable for a long time. the one thing i see wrong, in my opinion, with the eur/gbp trade is that you took that trade before the gbp news. i would have waited till after the news. in my experience, if something is trending, it will wait till sometime after the news to resume. it may move a little before but why risk it. the news could always be something unexpected.

just wanted to share something that helped me in the beginning. i always tried to come up with as many reasons as i could NOT to take the trade. if i had more reasons to take the trade, then i would but i would always make a case against it to be safe. in other words, only play when a bunch of things are stacked in your favor. just me rambling again.

just another brainstorm, i get stopped out break even a lot but have found a way to stay in a few more trades. when i am up about 15-20 pips, whatever my stop is, i take half off of the table and leave my stop in place(15-20pips). this does two things. 1. it gives the trade more room to breathe. 2. if i get stopped out, it is a break even trade monetarily. just thought i would share.

Clever. Its funny... I started trying to develop a technique using multiple lots to do exactly what you are accomplishing here in a simpler way.
My technique goes something like this (just an example):
1- My risk profile allows me to get up to 8 minilots risking no more than 1% of my account value (with a 60 pip movement). Instead of going all in i would start the trade with only 4 minilots, but instead of having just 30 pips S/L, i would have 60.
If the trade goes my way i will wait until i have 20-40 pips (depending on the momentum) and cash out on 2 minilots and I would move the other 2 to BE ( That way I would guarantee a winner)
If the trade goes against me, and the movement is strong i wait and if i get stopped out I was wrong in my timming and i would loose no more than .5% of my account value. Take the loss and move on.
If the trade goes against me but the movement is not as strong and it turns in my direction, i would (depending in how solid the trade looks) put in the other 4 minilots so that i would average a better price. I would try to use the same S/L for the 2nd order that i had for the 1st.
If i am all in and the trade goes against me and i get stooped out (worse case scenario), take the loss and move on ( I was wrong twice in a roll - and I have lost no more than 1% of my capital ) if the trade goes in my favor i will apply the same concept of waiting for 20-40 pips (depending on the momentum) and i would cash on half my position (4 minilots) and move S/L to B/E in the other 4 (best case scenario)

hi brenzaj42

one last question about the P & I analysis. right now I have a buy
order on audusd and one sell order on usdchf.

do you have several running like me, or do you choose the strongest of them by looking at audchf?

thanks in advance

There have been times when I have had more than 15 trades open at a time. Whatever is trending, I am riding. Right now, both pairs lack major resistance so I would hold on to both for the ride.

Hi Brenzaj, How are you doing ? It has been a long time ! I hope your tading is fine ! How does the new tweak with 15 min entries work for you ? Any modification since last time ? Take care. Trzcinek