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Trade What You See - Almost Naked Trading

  • #15,921
  • Jun 10, 2011 9:00am Jun 10, 2011 9:00am
This is the hard part....trade management. Everyone has to decide what they are comfortable with, but I am going to move all stops to BE and let positions ride... but taking half off the table would be good too.
  • #15,922
  • Jun 10, 2011 9:07am Jun 10, 2011 9:07am
Quoting lawgirl21
This is the hard part....trade management. Everyone has to decide what they are comfortable with, but I am going to move all stops to BE and let positions ride... but taking half off the table would be good too.
just wanted to ask that, im close to 900 pips now, never ever had so much in ONE day....i notice that im becoming nervous about that , dont want to give that back....have to concentrate now and dont make mistakes...handle it like lg now, move to be every position and go away....will look at the weekend again!!!! happy pips to all
  • #15,923
  • Jun 10, 2011 9:09am Jun 10, 2011 9:09am
Quoting Tipico
just wanted to ask that, im close to 900 pips now, never ever had so much in ONE day....i notice that im becoming nervous about that , dont want to give that back....have to concentrate now and dont make mistakes...handle it like lg now, move to be every position and go away....will look at the weekend again!!!! happy pips to all
It is never wrong to take profit, but we may have the start of a long trend here too and that is what we have been looking for. If you would have a better weekend...take some profit, but try to leave positions open too, they can be very small.
  • #15,924
  • Jun 10, 2011 9:10am Jun 10, 2011 9:10am
Looking for possible 3TAP setup
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  • #15,925
  • Jun 10, 2011 9:16am Jun 10, 2011 9:16am
Quoting lawgirl21
It is never wrong to take profit, but we may have the start of a long trend here too and that is what we have been looking for. If you would have a better weekend...take some profit, but try to leave positions open too, they can be very small.
New comer to the thread - and while I understand leaving trades open for the big run - why not just take your 900 pips profit - stop being nervous and call it a day, month, week? Start again on Sunday afternoon - look for new entries and go to the bank with your 900...
  • #15,926
  • Jun 10, 2011 9:20am Jun 10, 2011 9:20am
Quoting maestrodforex
New comer to the thread - and while I understand leaving trades open for the big run - why not just take your 900 pips profit - stop being nervous and call it a day, month, week? Start again on Sunday afternoon - look for new entries and go to the bank with your 900...
because imo this strategie is going for bigger profits, these 900pips are 15 positions at all, and IF the trend continues idk monday and tuesday for example i can have 3000 pips or so....as lg said, take some profit BUT give the market the chance to go on....
  • #15,927
  • Jun 10, 2011 9:24am Jun 10, 2011 9:24am
Quoting Tipico
because imo this strategie is going for bigger profits, these 900pips are 15 positions at all, and IF the trend continues idk monday and tuesday for example i can have 3000 pips or so....as lg said, take some profit BUT give the market the chance to go on....
now i took half of all my profit and set all sl to be....
  • #15,928
  • Jun 10, 2011 9:36am Jun 10, 2011 9:36am
Quoting Tipico
now i took half of all my profit and set all sl to be....
I think you should be very comfortable with that....the best of both worlds.
  • #15,929
  • Jun 10, 2011 9:38am Jun 10, 2011 9:38am
Quoting maestrodforex
New comer to the thread - and while I understand leaving trades open for the big run - why not just take your 900 pips profit - stop being nervous and call it a day, month, week? Start again on Sunday afternoon - look for new entries and go to the bank with your 900...
It took us all week to finally get here, so we don't want to totally close it down, not the purpose of this trading setup.
  • #15,930
  • Jun 10, 2011 9:42am Jun 10, 2011 9:42am
Quoting eltax100
Hi I hope this is not too off topic, is any one using Alpari as a broker ?? when I load our LG RSI indicator it just crashes on me, any ideas ??
i use alpari uk - have loaded up the indi called Lawgirls trend display without problem
  • #15,931
  • Jun 10, 2011 9:49am Jun 10, 2011 9:49am
Awesome trades guys! Some really outstanding profits I see. Good going!

I am now in positive territory for the week in the MT trades. One day's trading brought four days of negative back up.
I am not doing as well as most since I did not get to watch the charts last night and get in on some of those moves. I am only in five trades but all are doing well. I am not disappointed. I have moved three to BE and will let them all ride while the charts agree.

I am getting a feeling for what money management is necessary before moving to live account. That for me is the most important aspect of this demo trading.

Have a great weekend everyone. I will be studying the charts from this week and look forward to better and better trading days ahead.
  • #15,932
  • Jun 10, 2011 10:10am Jun 10, 2011 10:10am
Quoting lawgirl21
It took us all week to finally get here, so we don't want to totally close it down, not the purpose of this trading setup.
How right you are LG!
One should never saw the branches off on where you sit on..
I`m very happy for Tipico.

I made +55 pips on one trade GBPUSD just a moment ago and I wish you all now a very happy weekend with a good and fine Pentecost

Jacques
There`s no life before COFFEE!
  • #15,933
  • Jun 10, 2011 10:35am Jun 10, 2011 10:35am
Quoting jalkok
How right you are LG!
One should never saw the branches off on where you sit on..
I`m very happy for Tipico.

I made +55 pips on one trade GBPUSD just a moment ago and I wish you all now a very happy weekend with a good and fine Pentecost

Jacques
Thanks, Jacques, and same to you. That's right, we're to wear red this Sunday, thanks for the reminder.
Rebecca
  • #15,934
  • Jun 10, 2011 1:13pm Jun 10, 2011 1:13pm
[IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG] Dear Lawgirl and team,


How fortuitous to have found this thread. A huge thank you from me is in order.


I have come to realise that trading the higher timeframes suits me best and I just love the MT (MoneyTree) trading system.


I have to be honest and confess that I am still reading trough the entirely of the thread but placed the following trades early this morning only to return from work with the following results:-
EURJPY +153 pips
EURUSD +176 pips
EURGBP +25 pips
AUDUSD +83 pips
GBPUSD +145 pips
GBPJPY +14 pips
Extraordinary - 596 pips !!


Do I stay in the trades and review on Monday or close them all out?

Warm regards Ezmai


Ps. May I please have this directional indicator (arrows) as illustrated below?

Thank you
Attached Image
The things which hurt, instruct! - Benjamin Franklin
  • #15,935
  • Jun 10, 2011 1:39pm Jun 10, 2011 1:39pm
Quoting Ezmai
[IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG] Dear Lawgirl and team,


How fortuitous to have found this thread. A huge thank you from me is in order.


I have come to realise that trading the higher timeframes suits me best and I just love the MT (MoneyTree) trading system.


I have to be honest and confess that I am still reading trough the...
close em all

my hint
Hero calls followed by margin calls...
  • #15,936
  • Jun 10, 2011 1:45pm Jun 10, 2011 1:45pm
If it's demo. you may keep untill Monday to see what happens. If it's live, my advice is to close half lot of all pairs and bank some profit and move SL to BE for the other half lot. Just my personal opinion.

-FX_California
Quoting Ezmai
[IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/EDITHE%7E1/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG] Dear Lawgirl and team,


How fortuitous to have found this thread. A huge thank you from me is in order.


I have come to realise that trading the higher timeframes suits me best and I just love the MT (MoneyTree) trading system.


I have to be honest and confess that I am still reading trough the entirely...
  • #15,937
  • Jun 10, 2011 2:00pm Jun 10, 2011 2:00pm
Quoting dimlat
i use alpari uk - have loaded up the indi called Lawgirls trend display without problem
Thanks, downloaded it again and it’s a more updated version
  • #15,938
  • Jun 10, 2011 3:28pm Jun 10, 2011 3:28pm
Quoting CrucialCraig
Off for the evening, let's hope we all wake up with some pips.
Just when I thought I was going to have to settle with a bad week.... Awesome trends for Friday! Ended up with 109.5% of my week's starting balance.

I'm now up a total of +27.8% for the 2.5 weeks I've been trading the MT system. Risking around 1% per trade!

Obviously that is likely not sustainable or we'd all be millionaires in a year, but still, outstanding!

In case anyone is interested, I've started placing my stops above or below the recent high/low on the M15 charts, as opposed to a 30 pip SL. This is usually around 30-50 pips in my experience.

LG, thanks so much again.

See you all next week!
Enter Signature
  • #15,939
  • Jun 10, 2011 3:40pm Jun 10, 2011 3:40pm
Hi Guys

been lurking a while and just want to congratulate all on a great thread! Will be following closely. Wish you all a good weekend guys

Kalbar
  • #15,940
  • Jun 10, 2011 4:53pm Jun 10, 2011 4:53pm
I'm wondering if we would be more profitable with compounding by taking signals from the higher time frames and exiting on shorter ones.

Heck, you could make a couple % of your account daily with just +40 to +50 pips a day.
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