meine augen sind die sterne
DislikedBeen a bit lazy here today and as such my comment will not carry as much weight because I cannot say it to be put into forward testing. I was not going to say anything, but then I was looking at the chart and the exact area that I was wondering about turned out to be something to be mindful of in the future on trades like this. It is that bar low that is to very left of your chart. I try to be mindful of those. I am not saing that I would not take this trade, but I would very strongly consider how much risk I want on the table when it hits points...Ignored
DislikedJust thing about the maths on this one.
If we stick to dailies only:
(35 charts)*(about 240 trade days a year)= 8400 bars produced
How many good bars do you feel you could find in 8400 bars? My guess is that we could EASILY find 12. That would average about 1 a month.
Do you think if you learned (with time and practice) to play only the absolute best 12 PA bars (out of 8400) a year you could be happy with the results of those 12 trades? I don't know the answer that you would give, but I believe it is very possible the answer is yes. That...
DislikedArea of Interest:
But am dissapointed in this 12 trade per a year stuff....
Bc if I calculate it would mean about 12% a year for me, which is does not worth to do it when my save bank account give me 10% a year and it is guaranteed and I do not have to do anything for it...
The max I risk is 2% per a trade and with my R/R I can win 1% if it works well....I have not find any better R/R during my 6 month learning period....and was happy if it worked.....Ignored
DislikedThere is a forexcourse in Hungary which advertises itself and say you have to do 100% per a year if you practise enough and if you can not do it after a couple of year then stop it...they say a good trader can even make 600-800 % a year....is it bullshit?
Dislikedif u look at prior bars , u will see u are heading straight into traffic.
your initial TP is just about 20pips, but it may not be hit because of all those traffic.
i'd recommend u to look for other setups.
plus this is H1 & i think u are still learning this material (ideally, u trade/practice on H4/Daily & up).
your Gold trade is still open , but it's not doing much. remember i told u to watch momentum. IMHO, it's not moving much because this is a countertrend trade. so, u decide if u still want to hold on to this trade, as price might take days...Ignored
I agree with you chaos but i think the bar on h1 is really from a very nice support which can be called a ppz after this pin and eventhough there's a reward of 20 - 25pips generally on such pins but moving them to BE and waiting for the trade to break the traffic can be really rewarding sometimes ..Ignored
Oh and BTW you must wait for a break of your bars before you enter your trades. and ....Ignored
DislikedBut what is the point make 12% a year ? or even 20% -30% after like 10 years of doing it?
Or what is the realistic %? Or what is the good % with this method?Or do I should risk more then 2%?
I think I should have a coctail with Adi... (I do not like beer) and talk...
It keeps me thinking on it for a long time...
DislikedHey does anybody know how James16 is doing?
Do we call s/he James16 or Jermima16? Dont wanna offend him/her
Dislikedhello Sir fx trader,
u mean 113.50 area is a nice PPZ/resistance? yes, i agree.
but my main point for Sir featurelion is to not get used to trading H1 & traffic-rich setups, since i assume he's still learning the material.
because if he gets accustomed to taking such setups, he might find himself getting into a lot more trouble.
by the way, i hope he at least exited some since eurjpy is now about 5-6pips away from his first TP. but it may break further down of course ( but im inclined to think it'll range or slowly move down than make a quick...Ignored