Well good start to the week (by my standards) with 90 pips on the m15 charts in just over an hour. Going to have to tune my exit strategy though as I would be over 300 pips up if they were still running now. Once again I set trailing stops as I left the computer for 45 mins which did me out of a heap of pips. Still happy though as my taget per week is 2.5% and I got over that tonight.
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Everyone's got a plan until they get punched in the face
Well good start to the week (by my standards) with 90 pips on the m15 charts in just over an hour. Going to have to tune my exit strategy though as I would be over 300 pips up if they were still running now. Once again I set trailing stops as I left the computer for 45 mins which did me out of a heap of pips. Still happy though as my taget per week is 2.5% and I got over that tonight.
Ignored
nicely done! what type of indicator is a green box with no of pips on your charts? thanks
nicely done! what type of indicator is a green box with no of pips on your charts? thanks
Ignored
Thank BoS. The indi is just a session indicator with the other session colours turned off so it only shows London. The pip count isnt really needed. I think thats left over from another system. If you click the little paperclip at the top right of this screen and then click "hide images" you should find it on one of the first pages. It's called something like "Auto-sessions" or something similar.
Everyone's got a plan until they get punched in the face
Thank BoS. The indi is just a session indicator with the other session colours turned off so it only shows London. The pip count isnt really needed. I think thats left over from another system. If you click the little paperclip at the top right of this screen and then click "hide images" you should find it on one of the first pages. It's called something like "Auto-sessions" or something similar.
Well good start to the week (by my standards) with 90 pips on the m15 charts in just over an hour. Going to have to tune my exit strategy though as I would be over 300 pips up if they were still running now. Once again I set trailing stops as I left the computer for 45 mins which did me out of a heap of pips. Still happy though as my taget per week is 2.5% and I got over that tonight.
Hey guys when you are working the 4 hour chart where do u set your stoploss. Is it always at previous close of last candle? Sometimes that can be a steep number. Thanks.
Hey guys when you are working the 4 hour chart where do u set your stoploss. Is it always at previous close of last candle? Sometimes that can be a steep number. Thanks.
20 pips and one around 12 I think it was. I'm still new at this so I get worried and tend to set my trailing stops too close. I think I'm going to pull the pin on trailing stops altogether and stick to my initial stops and break even stops.
Everyone's got a plan until they get punched in the face
Hey guys when you are working the 4 hour chart where do u set your stoploss. Is it always at previous close of last candle? Sometimes that can be a steep number. Thanks.
Ignored
I usually put my stops at the previous swing high/low, not the previous candle close. If you follow the correct MM for your stops and correct trade entries then it shouldn't be an issue. Whether it's10, 100 or 1000 pips SL you will only lose your accepted risk %.
Everyone's got a plan until they get punched in the face
