TASAYC System

#518

Returned now from dinner.

Problably, in my situation (training and demoing), a good and right analysis is better than an huge profit. Probably.
But i really don't have words about it, so i will only post the chart:

See #522

Hi SteMag

Sure i will explain it. It's more complex and needs some lessons which I will post this week here and there.

Maybe we should call it LOM (Loss Order Management).

See at first #526 , please.

LOM - 1 Step
Loss Order Management
Fragmentation
When you go in the market with 1 Lot so cut this 1 Lot into pieces, say 10 x 0.1 Lot Sizes.
When you trade normally 0.1 Lot so reduce to small pieces 10 x 0.01 Lot.

To do so has several benefits.
(A) You could go in with one (or several) 1/10 order(s) more and moreover when the price will turn in the counterpart direction.
(B) You could set your Stop Loss not so tight by giving the market its breath.
(C) The market signalizes different options of making a profit. Some Price Levels perform a higher probability. Not every market situation "promise" the same profit. So it's absolutely stupid to go in the market every time with the same Lot Sizes.
(D) When you don't have the time to monitor the market, you could set different input and output levels, dependent at which time frame you will go in and out of the market. (e.g. see #523 the green highlighted trades. The exit levels were set based on different Pivotals or so).

Kindest regards
FXcube

LOM - 2 Step
Loss Order Management
Right Calculation - Profit per Day

When I set the target of 1% Profit per Day, so I have to earn an infinite deal more, e.g. 1.5%, 2% or 3% every day.

These trades are balanced out the losses.

Today I have earn a profit of 7% (see #523), so I have 6% for the war chest.
This could give an area of freedom. This psychological momentum could be advantageous to traders who don't like to be stressed when they trade the forex market.

LOS - 3 Step
Life Trading
Loss Order Management
Examples will follow in Life in the next weeks.

Trade Example
Scalping Trades
Higher Risk - Higher Profit
...but also a higher drawdown, if the market price will go in the ohter road.
Target: 1% a Day.

Trade Example
Scalping Trades
High Risk
EURUSD, M1, 2011 December 06
00:36 - 1:16 GMT+1
Profit: + 3'075.-$
(3%)

Target 1% a Day.

hello to everybody,

@ forexcube, i read about your advice to LOM. thats a great idea, please post some more lessons.
regards

East or west.......

FXcube is the best.......




kader

i am only trading Divergence...

Gu H1 and M30 is in oversold Zone...

http://i.imgur.com/BJBHA.gif

GU M15 has just made a Bullish Divergence...

http://i.imgur.com/YAVfZ.gif

long at 1.56233
target 1.56490 (DPV)

lets see....

thanks
kader

GU got stopped at 2pips profit...

10pip trail stop hit at 2pips profit ...... could have got 12 pips but yet no loss...



kader

Thanks FXC, looking forward to hear more about LOM!

4h 1h 30' diverging (bull), 15' OS.

Lost the entry on 1', was away, will probably try to reenter.

Tried a little long @.3339 (41 incl. spread), will update

Update: Considering my yesterday experience (all day trading HI TF ops and getting a very little profit) i decided to close the operation @ 12/14 points ('1 OB) to cash some money, for >0.25%.

BUT the pair has a great long potential, considering the high TFs.

Now tried a short, little risky, will update.

Different Risk Accounts

When I have make more money with my "Low Risk Accounts" (Target 1%) and all Loss Orders are counterbalanced, I put sometimes some money out of this account and take it into a "High Risk Account" (Target: doubling in a short time). It's important for me that I declare it as a separate account, due to the fact that this account could also be produce a 50% drawdown. This kind of trading implies high stress level trading. I don't like it all the time but here and there in the meantime of my normal trading session at any time.

High Risk Account: Trades Today, 2011 December 06
See the attachment, please.

Kindest regards
FXcube

Dear FXcube, Stemeg and others...


i am having trouble with putting stop loss.

currently i am putting stop according to recent pivot level.

i saw Fxcube has some great success account with perfect stops.


can anyone help me in this issue.

this may be sound stupid but i am confused.


thanks
kader

Hi kader

(1) Stop loss is dependand at the timeframe at which you order your trades. M5 trades needs a tighter stop loss then H4 trades or daily trades.
(2) Stop Loss is dependant at your lot sizes, which you invest in your entry order. My entries have 1/10 of my normal entries. So I could set the stop loss theoretical 10 times far away.
(3) Stop Loss is dependant on your winning versus loosing trades.

At first I would minimize the "lot sizes", say if you go normally in a trade with 1 Lot so enter with 0.1 at first or several 0.1s (3 x 0.1 or so). If you trade with 0.1 Lot sizes normally and you couldn't go in with 0.01 lot sizes change the broker and open a mini account and try it there with 0.01 lot per trade.

It's better when you post some real trading examples here (entry, TP-Level, stop loss) at this board and others (and I) could give you their (our) feedbacks.

I can set my stop loss far away at the next pivotal points or two pivotal levels ago or 25 points above the last daily Low or High concerning my one-tenth and I make fewer losses in this way, because 95% of all these trades will turn in the winning zone sooner or later; - so why to kill it with the feeble-minded 2% rules before? There's no sense for me! When worse comes to worse you could hedge some of these ones. Think about it!

Maybe take a look at:
http://www.forex-money-management.com/stop_loss/02/

We're all here to learn from each other.

Kindest regards
FXcube

In the Forex literature you could read often something like this:
"Just how big should a stop loss be? The most common method of setting a stop loss is based on the size what you expect to gain. You should never you a stop loss of less than 2:1. Meaning, that what you stand to profit from the trade should be twice as large as what you are prepared to lose, or the size of your stop loss. Going any smaller than a 2:1 risk reward ratio will ultimately blow your account in the long run".

This is absolutely bullsh*t!

Work out your own parameters, which fits you!

I like also to trade short, shorter, shortest (Scalping). My trades needs only a profit, absolutely independant how much it is! When you make 20-100 winning trades per day (net) it adds up and at the end of the day you have earn maybe 1%, maybe 5%. This applies to mini profits per day (e.g. 0.2%) also.

Kindest regards
FXcube

ok i understand.....

i am trading mostly in M5 or M15 chart. i am using 20 pip stop loss and 30+ pip take profit....

Yet in last 4 days no entry went to stop loss...

but...

i got confused... when i saw your account history.... you just shared a scalping account history...

what i saw there is 5+pip take profit.... but no stop loss set!!!!

i understand what you mean by pivot level stop and others.

But should not we put stop loss when we open a scalping entry ???

i went through th link... i do the same exactly./..... i put my stop to the last low or high and their 5 pips away/.///....

and i set stop to the recent pivot level...

or according to the RISK REWARD...

pivot suits me better,.,,, that's what i am doing...

but i wanna be a copy of FXCUBE lol

thanks FXcube
kader

Hi kader

Hahahah

Your investment style shouldn't be a copy from my trading style. Maybe we have other cognitions, another personality, other psychology, another risk tolerance, another,..other.,, another so many aspects.... Your job could be to translate all these aspects which you could read at this thread and at other threads in your own way and work it out. Maybe you will make more profit per day than I or other one of these days.
I wish you all the very best!
FXcube