hi castillo..,
how much stoploss & take profit u maintaining
how much stoploss & take profit u maintaining
- #13,002
- Oct 27, 2011 12:00pm Oct 27, 2011 12:00pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #13,003
- Oct 27, 2011 12:21pm Oct 27, 2011 12:21pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #13,004
- Oct 27, 2011 12:44pm Oct 27, 2011 12:44pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #13,007
- Oct 27, 2011 1:53pm Oct 27, 2011 1:53pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #13,008
- Edited 5:52pm Oct 27, 2011 2:39pm | Edited 5:52pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #13,011
- Oct 27, 2011 6:19pm Oct 27, 2011 6:19pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
You have been trying to figure out a way to get more out of your trades havent you? You saw all those trades that ended up at 200 and 300 pips after a few retraces huh?
I kept seeing the fractals and then would see additional moves after I had left a trade. It apearead that this worked on all time frames, but obviously with less frequency on the H4 and Day, although the pip quantities made up for the lack of entry opportunities. It looked great on back testing!
I always saw posts from the 100 / 200 / 300 club and could never crack it
Now I have proven to myself that it can be done and done on a regular basis.
This month I have 4 trades above 140 pips - 2 of these are 200 pips +
Using dcginc's method of opening 2 positions for each entry with differnt TP settings based on ATR, I have 2 trades that have yielded 250+ pips totals
The more you study, the more you pick up and once you achieve success you can fine tune the approaches. For me, I am looking to develop longer term trades and use the Fractals for addons, so that each entry position can be maximised for pip farming
However, I still exit too early on some of the trades and leave to many pips stranded on the table!
Again as always, Big E and dcginc - thankyou
"To live with Passion, it takes Courage and Grace to survive"
- #13,014
- Oct 27, 2011 9:04pm Oct 27, 2011 9:04pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
Here we go again - looking for this pair to roll over and retrace hence the sell stops on pending
TDI at a nice level for short supported by PA of course.
After last night's session this will be an early night - expecting to wake up to more pips - contemplating on placing a hedge set up on the aud/jpy just in case there is a continuance!
Happy hunting
TDI at a nice level for short supported by PA of course.
After last night's session this will be an early night - expecting to wake up to more pips - contemplating on placing a hedge set up on the aud/jpy just in case there is a continuance!
Happy hunting
"To live with Passion, it takes Courage and Grace to survive"
- #13,015
- Oct 27, 2011 9:06pm Oct 27, 2011 9:06pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
Here we go again - looking for this pair to roll over and retrace hence the sell stops on pending
TDI at a nice level for short supported by PA of course.
After last night's session this will be an early night - expecting to wake up to more pips - contemplating on placing a hedge set up on the aud/jpy just in case there is a continuance!
Happy hunting
"To live with Passion, it takes Courage and Grace to survive"
- #13,016
- Oct 27, 2011 9:08pm Oct 27, 2011 9:08pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
Ok,
Edit: [as should have been expected, this has gotten long. So just a heads up, I am a total newborn when it comes to trading of any kind. I have lifetimes of learning to do, and I am in no way qualified to give actual advice as far as the forex market goes. But I do have half a brain, working eyes, and a hunger to make this work.
This is for the newcomers that have read the first few (or even few hundred) posts, skipped all jolly to the end, and start asking questions and expecting to get spoon fed pips into their bank account.]
It's 3:56 am and my eyes burn and I'm seeing blurry.
The reason I'm posting is just to say that I've conquered Everest
No actually I have done one better.. I just fnished reading this thread FROM START TO FINISH.
Now I admit, I pretty much skimmed through from page 201 up till page 650 while stopping mainly to check out charts and trades posted, and the comments that came after.
It has taken me all of today just to read the posts that have been added since I last posted, and when I went back to re-read.
Never mind now the reasons, and I promise to share all I can in the near future for the people that are new to this thread.
I know its tempting to hop on board right away after skimming through a few positive posts and thinking this is the holy grail.
Also, I admit that its daunting and can overwhelm even the most fluent of us. But bottom line is, if you are serious about being consistent, and if you dream of being a professional trader,
You simply CANNOT AFFORD TO NOT SPEND THE DAYS, WEEKS OR EVEN MONTHS IF NEED BE to read, re-read, absorb, and very importantly - be willing and ready to adjust your behavior in a big way.
I sent every single spare minute since last week with my laptop in hand, taking it outside with me, to work, and even to the bathroom
with me. I feel like I have gotten to know the people that constantly try to help us and critique us and our trades.
And words cannot describe how much I have learned. Not about the method, because the method can be learned by a monkey (Big E has been making this clear to us day in day out for the past 7 months). I have learned that the holy grail is actually in each of us, and to each - his or her own personal holy grail. When you finally accept that you must, and are willing and able to bring your mental state and discipline to where it must be, it will hit you like a freight train. Only then, will these lines make sense to you (maybe not even, its past my bedtime)..
So start with this simple disciplinary exercise; Don't put on a single trade, live or demo, until you have read (or re-read) this thread with the proper openness and receptiveness, and by the time you are back here on page 868, (besides the fact that there will be like 50 more pages to get through) you Will not have to ask a single question about Time frames, angles, indicators, sessions, etc etc. Nothing... period.
Until then please have consideration for others that are trying to really contribute and learn from actual constructive discussion pertaining to all the stuff that SUPPORTS THIS EDGE, like current s/r's, sentiment, and bias.. stuff like that.
Sorry but I had to share.
Also Im simply blown away by the fact that there are still the same redundant questions about the actual system itself..
And for all the pros making pips, I hope you didn't mind reading my dribble before realizing that doesnt pertain to you.
I hope this saves some poor souls from disillusions and disappointment..
Michael
Edit: [as should have been expected, this has gotten long. So just a heads up, I am a total newborn when it comes to trading of any kind. I have lifetimes of learning to do, and I am in no way qualified to give actual advice as far as the forex market goes. But I do have half a brain, working eyes, and a hunger to make this work.
This is for the newcomers that have read the first few (or even few hundred) posts, skipped all jolly to the end, and start asking questions and expecting to get spoon fed pips into their bank account.]
It's 3:56 am and my eyes burn and I'm seeing blurry.
The reason I'm posting is just to say that I've conquered Everest
No actually I have done one better.. I just fnished reading this thread FROM START TO FINISH.
Now I admit, I pretty much skimmed through from page 201 up till page 650 while stopping mainly to check out charts and trades posted, and the comments that came after.
It has taken me all of today just to read the posts that have been added since I last posted, and when I went back to re-read.
Never mind now the reasons, and I promise to share all I can in the near future for the people that are new to this thread.
I know its tempting to hop on board right away after skimming through a few positive posts and thinking this is the holy grail.
Also, I admit that its daunting and can overwhelm even the most fluent of us. But bottom line is, if you are serious about being consistent, and if you dream of being a professional trader,
You simply CANNOT AFFORD TO NOT SPEND THE DAYS, WEEKS OR EVEN MONTHS IF NEED BE to read, re-read, absorb, and very importantly - be willing and ready to adjust your behavior in a big way.
I sent every single spare minute since last week with my laptop in hand, taking it outside with me, to work, and even to the bathroom
with me. I feel like I have gotten to know the people that constantly try to help us and critique us and our trades.And words cannot describe how much I have learned. Not about the method, because the method can be learned by a monkey (Big E has been making this clear to us day in day out for the past 7 months). I have learned that the holy grail is actually in each of us, and to each - his or her own personal holy grail. When you finally accept that you must, and are willing and able to bring your mental state and discipline to where it must be, it will hit you like a freight train. Only then, will these lines make sense to you (maybe not even, its past my bedtime)..
So start with this simple disciplinary exercise; Don't put on a single trade, live or demo, until you have read (or re-read) this thread with the proper openness and receptiveness, and by the time you are back here on page 868, (besides the fact that there will be like 50 more pages to get through) you Will not have to ask a single question about Time frames, angles, indicators, sessions, etc etc. Nothing... period.
Until then please have consideration for others that are trying to really contribute and learn from actual constructive discussion pertaining to all the stuff that SUPPORTS THIS EDGE, like current s/r's, sentiment, and bias.. stuff like that.
Sorry but I had to share.
Also Im simply blown away by the fact that there are still the same redundant questions about the actual system itself..
And for all the pros making pips, I hope you didn't mind reading my dribble before realizing that doesnt pertain to you.
I hope this saves some poor souls from disillusions and disappointment..
Michael
- #13,018
- Oct 27, 2011 9:46pm Oct 27, 2011 9:46pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #13,020
- Oct 27, 2011 11:31pm Oct 27, 2011 11:31pm
Nicely put sir - now let's hope some of these newer members actually know how to read!
Here's a thought - how about saving this as a Word Doc and saving it as an attachment - people seem to read .doc and pdf files
Here is a tip for you though, set your Display Options to 40 posts per page and you will have fewer pages to read
And there should be a TOP 10 LIST -
1. What time does Big E trade this method?
2.
3.
4.
5.
6.
7.
8.
9.
10.
OPPORTUNITY IS NOWHERE