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3% Risk Gives You Bliss System

  • #21
  • Oct 25, 2012 11:11am Oct 25, 2012 11:11am
Quoting Cubbybgood
I do not have a rule about this. Most of the time I will not have more then 3 trades in at one time. I usually only have 1-2
What was your maximum drawdown during this month (in pips and percentage-wise)?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #22
  • Oct 25, 2012 11:13am Oct 25, 2012 11:13am
Trade may be coming up soon on AUDUSD. I think hieken ashi will alert us soon... at least on my broker.

I use FX Solutions.
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  • #23
  • Oct 25, 2012 11:15am Oct 25, 2012 11:15am
Quoting Favorite
What was your maximum drawdown during this month (in pips and percentage-wise)?
My DD never broke over 8%
  • #24
  • Oct 25, 2012 11:17am Oct 25, 2012 11:17am
Quoting Cubbybgood
As said in the first post. I trade from 8 am est to about 5 pm.
I never sit and watch the price. I just wait for alerts.

I trade 9 pairs for now.
how many trades do you make in avg daily?

thanks
Iam just A pips on the rode :nerd:
  • #25
  • Oct 25, 2012 11:20am Oct 25, 2012 11:20am
Quoting Cubbybgood
Trade may be coming up soon on AUDUSD. I think hieken ashi will alert us soon... at least on my broker.

I use FX Solutions.
i am confused
already blue arrow saying buy it so we wait for what
  • #26
  • Oct 25, 2012 11:21am Oct 25, 2012 11:21am
Quoting waheedpcc
i am confused
already blue arrow saying buy it so we wait for what
the ma red ... so only selling (am i correct?)
Iam just A pips on the rode :nerd:
  • #27
  • Oct 25, 2012 11:22am Oct 25, 2012 11:22am
if you don`t mind sir
Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change!

Explain this
  • #28
  • Oct 25, 2012 11:23am Oct 25, 2012 11:23am
Quoting Cubbybgood
My DD never broke over 8%
If you don't mind I'd like to know your broker (or brokers if you use several) and the leverage your broker(s) gives to you.

P.S. I hope it is not too personal thing, it is not like asking you for a statement (what I would never do).
Gentlemen always play by the rules. If they can't, they change the rules.
  • #29
  • Oct 25, 2012 11:25am Oct 25, 2012 11:25am
Quoting waheedpcc
if you don`t mind sir
Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change!

Explain this
yes its abit triky there is a conflict to tade or not to trade
Iam just A pips on the rode :nerd:
  • #30
  • Oct 25, 2012 11:28am Oct 25, 2012 11:28am
I use FX Solutions. I have multiple accounts with them. They are a good trust worthy broker with fixed spreads.
  • #31
  • Oct 25, 2012 11:28am Oct 25, 2012 11:28am
Quoting -er-
yes its abit triky there is a conflict to tade or not to trade
for me
when its red only sell and for blue only buy ...
thise is simple trand following trading system (very simple).
Iam just A pips on the rode :nerd:
  • #32
  • Oct 25, 2012 11:32am Oct 25, 2012 11:32am
Quoting -er-
for me
when its red only sell and for blue only buy ...
thise is simple trand following trading system (very simple).
wait wait come on he did not say that blue and red sell buy ok?

i asked him entry clarification so wait till he answered us
  • #33
  • Oct 25, 2012 11:35am Oct 25, 2012 11:35am
Nice system..
I'll try 1 week ahead..
I let u know the progress..
  • #34
  • Oct 25, 2012 11:39am Oct 25, 2012 11:39am
Quoting Cubbybgood
Risk only 3% max per trade.
This is all the risk you really need to make money in the forex. 3% risk will save you when you have a bad day. Emotions will kick in if you use more then 3% and cause you to do drastic things if you have a bad day.
I agree with you that for most of us losing more than 3% is painful and could cause some stupid actions.

But here's the thing I don't like. You trade 9 different pairs and you say sometimes you have 3 open trades at the same time. Some of those pairs are highly correlated, so if you have, for example, EURUSD, GBPUSD and AUDUSD trades and the price went against you, there is a pretty good chance that you're gonna lose all three trades which means losing not 3%, but 9%.

So, if you see that price goes against you, would you close manually for a smaller loss or you would hope for the best and wait until the stop loss get hit?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #35
  • Oct 25, 2012 11:43am Oct 25, 2012 11:43am
Quoting -er-
yes its abit triky there is a conflict to tade or not to trade
Don't worry guys. This will be explained in future trade examples. I'm away from my comp right now. Look at the examples on the first page closely.
  • #36
  • Oct 25, 2012 11:45am Oct 25, 2012 11:45am
Quoting waheedpcc
wait wait come on he did not say that blue and red sell buy ok?

i asked him entry clarification so wait till he answered us
no problem budy we will give him oportunity to comment..

you know what? i will also whait for thise clarificetion.
Iam just A pips on the rode :nerd:
  • #37
  • Oct 25, 2012 11:57am Oct 25, 2012 11:57am
Cubbybgood, are you planning to show some live trades in the future? Let's say Friday or Monday?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #38
  • Oct 25, 2012 12:46pm Oct 25, 2012 12:46pm
Cubbybgood, Thanks a lot for sharing your system. I can pick decent trades on 4H and daily. Still looking for a smaller TF system to keep me busy (calming down my scratches for trading more lol). I'll definitely try this one.

Some typical guys can be very annoying, sometimes nerve breaking .. never mind. Most of us here really really appreciate the wisdom. Thank you again.

Cheers.
" The fool who never traded Demo "
  • #39
  • Oct 25, 2012 12:51pm Oct 25, 2012 12:51pm
Quoting waheedpcc
wait wait come on he did not say that blue and red sell buy ok?

i asked him entry clarification so wait till he answered us
I'll explain what I understand so far. Lets say HA candles are red and then xpma turns red. Do not trade now. Wait for the candles to turn blue and then turn red again .. sell when the first red HA candle closes. The point of doing this, you enter the trade after a pullback which allows you to have pretty tight stop loss. Just like plain old pullback/retracement trading.
" The fool who never traded Demo "
  • #40
  • Oct 25, 2012 1:25pm Oct 25, 2012 1:25pm
Here is a another trade I took yesterday on GBPJPY. Was good for 117 profit pips!
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