I tested this method for last 2 weeks , 80 % success . In total +400 pips per 2 weeks .
Sad is where is Big E and other senior members of this thread ?
Sad is where is Big E and other senior members of this thread ?
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DislikedHi Phx62
Liked the charts you put up. Would appreciate any input, if so inclined on posted chart. EU London session,1H with TDI crosses marked on chart. How do you handle these? H4 is short.
IF already short, do you exit on these hook, especially G>R(if 50 pips not met and SL not hit) and intend to be flat by session end.
This happened twice: any action on these (long or short) based on TDI or do you ignore these and keep short, (Large frame short,).
Am aware of other factors etc. but trying to stick to 1H,TDI.
Hope BigE is doing well. His method...Ignored
DislikedCan I ask where you got the Daily Pivot EA? I have one, but not that impressed with it, looking for a different one. thanksIgnored
DislikedOk so got and reading "Trading in the Zone".
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Does that make sense to anyone at all? Or am I totally missing something here?
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So whats the catch?
By the way, overleveraged or not, Ive been sticking to this system for about a week now, and doing extremely well, which is even more worrying, because I keep wondering when the storm is going to hit...
MichaelIgnored
I am pretty sure the original was dealing with ES futures, so 10 points a week might be more reasonable than 10 pips a week. The point is not really the numbers as much as the time. I feel that I need to trade through up markets, down markets, range bound markets, high volatility and low volatility markets and do it all without losing more than I have previously set as a limit. To trade through all of those markets could take quite awhile, so I choose pairs accordingly. And, if that doesn't work my plan is to fall back to back testing those markets.
Bottom line: I think this is going to take some time, but given that as opposed to losing thousands of dollars, I think it is worth it.
I do get itchy every now and then, esp. when I am having a winning streak...Discipline...
DislikedOk so got and reading "Trading in the Zone". Will try and get through it over the weekend.
In the meantime Im still practising on demo but opened a new one with $1000 and trading 0.05-0.1 lots depending on where I need my tp.
Got some great input that really opened my eyes from you guys the past couple of days and it is greatly appreciated so thank you for putting in the time and effort.
By the way, overleveraged or not, Ive been sticking to this system for about a week now, and doing extremely well, which is even more worrying, because...Ignored
DislikedI tested this method for last 2 weeks , 80 % success . In total +400 pips per 2 weeks .
Sad is where is Big E and other senior members of this thread ?Ignored
DislikedHey Michael, I was reading another thread that detailed how you could turn $500 into $1,000,000 (yes... ONE MILLION DOLLARS) in 300 trades. I looked a bit further into it and worked out that you can actually turn $50 into $1,000,000 in two years with a 10 pip profit per day in your account. Sounds far fetched but it is true. Don't worry about what seems like tiny profits, just make sure that profits are added regularly. As you account grows you continue the same %age risk but your lot size will increase and so will your profits. Beware the temptation...Ignored
DislikedI know that I should always adjust lot postition size to match risk according to my needed sl, but that gets me to where I need to take 0.01 lot which is 10 cents a pip, and even making 150 or 200 pips a day, it would take me about 2 lifetimes (not that Ive done the math yet) to get enough equity to allow me to actually make money.. Assuming I start with $3000-$5000. I cant realistically risk anymore than that. And I know I need to make sure its money I can afford to lose. I try to look at it as a sort of tuition.
So whats the catch?Ignored
DislikedI know that I should always adjust lot postition size to match risk according to my needed sl, but that gets me to where I need to take 0.01 lot which is 10 cents a pip, and even making 150 or 200 pips a day, it would take me about 2 lifetimes (not that Ive done the math yet) to get enough equity to allow me to actually make money.. Assuming I start with $3000-$5000.
MichaelIgnored
DislikedThe daily trend move occurred during the Asian session today. That move could have garnered up to 140 pips for anyone who took it. As a result of the early move, the London session was quite choppy and ranging. I did one trade on the M15 chart for +24 and decided to stay out of the market until London tomorrow. As has been stated many times by several different traders on this thread, knowing when NOT to trade is just as important as knowing when to enter or exit a trade. It doesn't take long to give back those pips by trading when the market is...Ignored
Dislikedi have changed coding of the TDI red green
- add stoch (x,y,z) you can change x y z
- add arrows when there is a green/red cross
no pb if you don't want it
kinonenIgnored
Disliked...
= Net gain per week of 4%
Punch that in to the compound interest calculator for 52 weeks on 4% and you get $38,432.
....Ignored
DislikedHi Phx,
I'd really appreciaite if you could post the name of the indicator that you show that boxes the London session. Should make backtesting a little easier.
Thanks
DudIgnored
Disliked...As has been stated many times by several different traders on this thread, knowing when NOT to trade is just as important as knowing when to enter or exit a trade. It doesn't take long to give back those pips by trading when the market is not trending.Ignored
DislikedLooks like you have an indicator for Yesterday's High and Low. Can you tell me the name, or where to get it, or drop a copy here :-)
Thanks, really enjoying (and learning) from your posts. Please keep it up....Ignored