Disliked10 pips during early London Session and done for the day. It has been 4 profitable trading days in a row using this approach.
2nd entry should in fact show +12 pips. 12 -2 = 10 pips for day.Ignored
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Disliked10 pips during early London Session and done for the day. It has been 4 profitable trading days in a row using this approach.
2nd entry should in fact show +12 pips. 12 -2 = 10 pips for day.Ignored
DislikedCongrats pa_pips on nice results today and 4 profitable days in a row. You are doing grate I have couple questions for you, maybe others and I can learn something. Do you use any goals like x pips per day? And do you use any limits for day like maximum number of trades or maxim loss?Ignored
DislikedIs this the sort of plot to be done on the spreadsheet (but here it's superimpossed on the chart)? You can see how price moves & how long it takes. Very interesting.
1) Price moves up (down) to one of the 12.5 pip levels & goes beyond.
2) Price retraces back below (above) the level.
3) We enter long (short) as price resumes it's trend & again passes through the level it just achieved at 1) above.
Is this the sort of action we should be following?
It looks promising.
zeeIgnored
DislikedHi guys,
just traded another trend,
came here waited for range to break and rided the wawe - 3 wins, 1 lose but it's taken my SL by a pip and in few minutes later original TP was hit, nevermind sh*t happens
anyway it's 30 pips and with 18 pips from morning it's 48 pips for today, and i'm up 10% for two days(few hours) of trading.
Will see how it continues but i'm probably going to stop trading for today and will go to chceck the sun
Mike.Ignored
DislikedThanks geduim. Your questions are welcome.
For this style of trading my risk is 1% per trade on $100 account while I am building confidence. Ideally I would only enter 1 trade a day and hit my 2% for the day. Realistically that is obviously not going to happen every day. If I start with 1% loss and I have a winner for the next trade I will also stop as 1% a day is also acceptable for me. If 2 losses in a row, I will fight my hardest to end day break even or in small positive position. The first two days that I followed this method ended as heavy...Ignored
DislikedHi,
just a little question,
When i open the chart, i check it and always look to the "future", I mean that i look at the chart and say to myself that i'm going to buy/sell when this will happen/when it will go up/down above/below this level and so on....and this approach helped me very good for now and i think mongolian that you're maybe doing it in the same way is it right? or are you just acting only according to current situation?
thanksIgnored
DislikedHi,
just a little question,
When i open the chart, i check it and always look to the "future", I mean that i look at the chart and say to myself that i'm going to buy/sell when this will happen/when it will go up/down above/below this level and so on....and this approach helped me very good for now and i think mongolian that you're maybe doing it in the same way is it right? or are you just acting only according to current situation?
thanksIgnored
Dislikedit makes sense pa_pips, just couple thoughts: profit targets for the day has its pros and cons like everything in trading i guess. i think its a good idea to have limit loss for the day if you are using daily profit limits. you have to think how it would effect you if trying to decrease 2 losses leads to 3 losses or more and how many 1 or 0.5 profit days you need to compensate that. just trying to helpIgnored
DislikedI've only put a handful of trades on attempting to follow this method the last few trading days, but I've been whipped around quite a bit. Just not seeing the true short term movement of PA, still have A LOT to learn so perhaps that is why.
I want to use this method to keep me sharp and at the charts while I wait for longer term moves.
I think even if I don't use this method everyday it will be extremely good for my trading to learn and acquainted and in the flow of the movements of PA with this level of detail.
I'm going to go through all of the...Ignored
DislikedI've only put a handful of trades on attempting to follow this method the last few trading days, but I've been whipped around quite a bit. Just not seeing the true short term movement of PA, still have A LOT to learn so perhaps that is why.
I want to use this method to keep me sharp and at the charts while I wait for longer term moves.
I think even if I don't use this method everyday it will be extremely good for my trading to learn and acquainted and in the flow of the movements of PA with this level of detail.
I'm going to go through all of...Ignored