Dislikedhere im waiting for PA to reach the yellow line to add a H4 3T position to my 2 MT entries....Ignored
Attached Image
Trade What You See - Almost Naked Trading
- #15,855
- Jun 9, 2011 12:44pm Jun 9, 2011 12:44pm
Hi JusticeFX
As I understand it and trade the third tap is the setup, it could be the trigger if it shows the right price action, if not the hold on until PA pulls the trigger for the trade also with the indicator.
That’s my interpretation anyhow
- #15,856
- Jun 9, 2011 1:16pm Jun 9, 2011 1:16pm
As well, I have a question about entering MT trades. I know LG said within the first 6 hours of your new daily candle, but I can't stay up to 6am to place a trade. 
Is it acceptable to place it around 2am to 3am? (EST)
Is it acceptable to place it around 2am to 3am? (EST)
Nice to see that other people are having a successful week.I've only had 1 MT trade that hasn't hit my 30 pip SL this week. Overall I am 5% down on my equity for the week. My only successful trade has had 3 branches added that all failed, but overall the branches would have been successes without such a tight SL
I’m starting to wonder if a 30 pip SL is too tight. Many that have hit SL have ended up being good trades, but they just retraced through my SL levels.
LG, I see you never added SLs to the AUDNZD trades, which kept them open and you are now in the money.
Anyone have any ideas?
Maybe just bad luck on when I'm placing these trades?
Enter Signature
- #15,858
- Jun 9, 2011 2:00pm Jun 9, 2011 2:00pm
As well, I have a question about entering MT trades. I know LG said within the first 6 hours of your new daily candle, but I can't stay up to 6am to place a trade.
Is it acceptable to place it around 2am to 3am? (EST)
I am no expert on the MT trades, most have hit the SL, my brokers time zone is behind me, mid morning for me is 4hrs into the new day on my chart.
I am using a wider stop on the MT trades these being based on what I would not want PA to do, still getting to grips with MT myself, having a lot better luck with the 3Tap.
- #15,860
- Jun 9, 2011 3:24pm Jun 9, 2011 3:24pm
I've only had 1 MT trade that hasn't hit my 30 pip SL this week. Overall I am 5% down on my equity for the week. My only successful trade has had 3 branches added that all failed, but overall the branches would have been successes without such a tight SL
[color=black][font=Verdana]I’m starting to wonder if a 30 pip SL is too tight. Many that have hit SL have ended up being good trades, but they...
So far this week on the MT trades I have had twelve losers two winners and one break even. Down 225 pips presently. Hope its just one of those weeks that as LG pointed out we need to look at a longer term results. Thats what demo is all about. At least I don't feel in this alone....
How is everyone else doing this week on MT?
May be too early for me to start moving my SL back. Think I will stick with it for a month anyhow and check the results then as to what would have worked with say a 50 or 100 pip SL.
Thoughts? Suggestions?