one more short training session, need to start using excel sheet to see better main moves..
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DislikedI hope the thread author doesn't mind me posting a chart with a couple of indicators on it (if you do - just let me know).
I have been using my existing systems in conjunction with the quarters concept with amazing results. I do not have a charting platform that lets me pull up custom tick increments so I started experimenting and came up with a simple way to filter out trades.
I have traded this with real money - I do not backtest - for me real money at risk is the only way for me to effectively see if something works.
I pull up a 10 sec HA...Ignored
DislikedI hope the thread author doesn't mind me posting a chart with a couple of indicators on it (if you do - just let me know).
I have been using my existing systems in conjunction with the quarters concept with amazing results. I do not have a charting platform that lets me pull up custom tick increments so I started experimenting and came up with a simple way to filter out trades.
I have traded this with real money - I do not backtest - for me real money at risk is the only way for me to effectively see if something works.
I pull up a 10 sec...Ignored
Dislikedone more short training session, need to start using excel sheet to see better main moves..Ignored
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 and Mongolia for your thoughts on targets for day, maximum losses, etc.
I did run through a mental process where I had to pretty much weigh up what both of you suggested. At a stage I did read the Niceguy Ridiculous 7 pips trading system and it did come to mind to draw a line for maximum losses in a row on a day. On the other hand I also at a stage read FTI's Technical Analysis...Ignored
DislikedMongolian,
When you find price blowing past your 12 pip target with nice mo do you ride it out a little for xtra pips or have you found cutting the trade at target every time yields better results?Ignored
Dislikedone more short training session, need to start using excel sheet to see better main moves..Ignored
Dislikedto kenfenfx...
hi mate, thanks for your kind words, it's nice to have you here you are doing very good job and i hope that we all will make a good progress with helping each other and mongolian's guidance...
btw just putting my 2 cents about not having TP but instead to ride it more, well for me it would not be suitable because i would definitely be doing mistakes from psychological side so for me is TP better choice, less emotions involved and anyway 12 pips is okay and can be easily done with just 1 leg, but ussually if you want 20 or more...Ignored
DislikedHi Mongolian,
Just curious as to what period pivot points you uses.....daily/hrly etc. Haven't really used them before but about to try them out on Oanda.
ThanksIgnored
DislikedHi,
to geduim,
very nice work , this is the best approach to improve - doing a lot of trades,
i've also been thinking about protecting trades and more defensive strategy, but then i found out that it just disturbs my psychologic side and i'm then doing bad decisions, for me it's the best to put it there and just wait for my TP or SL to get hit, only time when i put SL to BE is when the line was hit but my tp has not been taken because of spread.
and my exam was good, well i had a little support in my pocket
thanks pa pips for encouragement,...Ignored
DislikedHi gedium,
i think it would be better wait for pullback fom the line and put the break order only if it was hit before....
For example price is going up it's at 1.4995 and it is going to hit...Ignored
DislikedI'll chime in with my 2 pips, if I were you, I'd keep that puppy running if you're in profit. Nothing wrong with gaining more profit.
What do you guys think?
Regards, KenfenfxIgnored
DislikedYou sure have nice charts. Where are those from? What I've done to better see the moves is to just have a price Line, versus candles or bars. For me, and this is just me, it's clearer. I'm on a tick chart, so the Price line leaves a very clean cut trail. I made the line thicker so it would be even clearer.
Maybe that would help in addition to using the graph?
Regards, KenfenfxIgnored