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Maximizing the winners

  • #21
  • Dec 10, 2012 11:25pm Dec 10, 2012 11:25pm
Quoting marshalmax
I know what you are saying. I am not stuck on the 50p idea either as I know daily moves can be 150p in the wrong direction before moving back in the right direction.

Thats why I am asking for suggestions.

Using S&R lines and round number lines as zones to watch as you suggest is a good idea.
the only edge is " trade management ", if the winner is going to be born, u can try to ride on him as long as possible and add on good levels, if not just get out with good profits and find new set up over and over again. Sometimes, in 1 month u can get 1-2 good run, sometime in 1 month just 1 , sometime just nil. but u manage to get 50-100 every now and then. Nothing is fixed in this arena.
  • #22
  • Dec 11, 2012 8:29am Dec 11, 2012 8:29am
as mentioned earlier on my posts, an example of eur/usd. 1.2880 entry. 1.2953 attacked and tripped up to 1.2972 area, move 1.2880 to 1.2938. then . further tripped is 1.2976 above 75 came to 1.2996 so far.

So if entry 1: E = 1.2880, SL = 1.2938, -> upgrade to 1.2972.
2nd entry = 1.2953, SL = 1.2972 as well.

3rd 1.2976 entry, entry SL = 1.2972 as well, so such examples can are maximizing your winners.

next trip 1.3003, stop 87. if 1.3003 is tripped, u can scale all up to 82/87.

1.3025 is met, u can scale all up to 1.2996. etc

Watching the live rates and r and s, and level of jump one of the few ways to maximize the winner. One have to decide when and where he want to take profit, " greeds, fear and decision ". The hardest part is always exiting, not entry.
  • #23
  • Dec 12, 2012 8:28am Dec 12, 2012 8:28am
Quoting 5percent
as mentioned earlier on my posts, an example of eur/usd. 1.2880 entry. 1.2953 attacked and tripped up to 1.2972 area, move 1.2880 to 1.2938. then . further tripped is 1.2976 above 75 came to 1.2996 so far.

So if entry 1: E = 1.2880, SL = 1.2938, -> upgrade to 1.2972.
2nd entry = 1.2953, SL = 1.2972 as well.

3rd 1.2976 entry, entry SL = 1.2972 as well, so such examples can are maximizing your winners.

next trip 1.3003, stop 87. if 1.3003 is tripped, u can scale all up to 82/87.

1.3025 is met, u can scale all up to 1.2996. etc

Watching...
seems such techniques are working.

trailing longs Stop should move to 1.3025/29 now. there are further upmove buy stop @ 53.

13053 area was the trigger of last week to 1.2950 before testing on 1.2875. So making this a good resistance level.
  • #24
  • Dec 12, 2012 5:46pm Dec 12, 2012 5:46pm
To tell you the truth I have looked at your style a few times but I have a lot of trouble spotting and marking support and resistance. If I follow a 3 touch rule then I end up with lines all over the place. If I follow a touch on both sides rule then I also end up with lines all over the place.

At the moment I and forward testing a system and have put in place additional posiitons at +50 and +!00 and so on using ATR as trailing stop. I probably could have used the ATR or 1/2 ATR as location for additional positions. Lets see how it progresses.

http://www.forexfactory.com/showthre...20#post6288320

https://lh5.googleusercontent.com/-i...13ridingGU.png
Winners add to winning trades!
  • #25
  • Last Post: Edited 9:13pm Dec 12, 2012 8:59pm | Edited 9:13pm
Quoting marshalmax
To tell you the truth I have looked at your style a few times but I have a lot of trouble spotting and marking support and resistance. If I follow a 3 touch rule then I end up with lines all over the place. If I follow a touch on both sides rule then I also end up with lines all over the place.

At the moment I and forward testing a system and have put in place additional posiitons at +50 and +!00 and so on using ATR as trailing stop. I probably could have used the ATR or 1/2 ATR as location for additional positions. Lets see how it progresses....
That because u nv spot the smaller tf. Try go into min 5 naked chart to plot boxes of consolidation of high lo consisting pin and wick bc that area exploded to the next. U cqnt get this on hour 1-4 or daily U dont need fibo lines trendline etc. Just one box will do. Pure price action. technical tools may not necessary provide a good forecast. The better ways is to study the area of consolidation of gains and losses, as a perimeter of existing support/resistance and area of breakout.
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