Im not losing today, for me it is a good monday
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KISS - Keep It Simple Smart !!!!
Third Screen Strategy - Dr. Alexander Elder
- #983
- Jun 3, 2013 4:15am Jun 3, 2013 4:15am
- Joined Jul 2011 | Status: Gold Again | 10,654 Posts
{quote} I'm so confused. I've had multiple positions hit SL and even more hit TP of 320. I must be unintentionally doing something different regarding SL and TP parameters ? I am setting 160 points and 320 points as my SL and TP. It seems like you and I are doing something quite different here, haha.I am literally going through 20+ new trades a day. All of them hitting 320 TP or 160 SL. Anyway, my positions just picked up, and have started doing well again. Whatever I have been doing this past week,...
See instructions on chart below; I be surprised if you are not setting pips at 32 and 16 only, which meets your criteria of "doing something quite different"
Good luck , E.
MAY THE TREND BE WITH YOU
- #984
- Jun 3, 2013 4:17am Jun 3, 2013 4:17am
- Joined Jul 2011 | Status: Gold Again | 10,654 Posts
I'm interested to see everyone's results. If possible, I'd appreciate it if you'd post up some pictures if you can. Thanks.
Preposterous
MAY THE TREND BE WITH YOU
{quote} I'm so confused. I've had multiple positions hit SL and even more hit TP of 320. I must be unintentionally doing something different regarding SL and TP parameters ? I am setting 160 points and 320 points as my SL and TP. It seems like you and I are doing something quite different here, haha.
Are you sure you are not setting your S/L at 16 and not 160 pips and your T/P at 32 instead of 320 pips?
Check you open and closed trades, it will take a few seconds to see if this is the case.
I am using a 5 digit broker but no need to add an extra zero but you may need to with your broker.
That is the beauty of trialing it on demo first, you can iron out the problems as they occur.
- #986
- Jun 3, 2013 4:32am Jun 3, 2013 4:32am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} You first, you are claiming 20 trades per day ! Preposterous
{quote} I'm so confused. I've had multiple positions hit SL and even more hit TP of 320. I must be unintentionally doing something different regarding SL and TP parameters ? I am setting 160 points and 320 points as my SL and TP. It seems like you and I are doing something quite different here, haha.
I think this guy is trading on a 5 digit broker with a stop of 16 real hard good old fashioned pips instead of 160 real pips.......
I advise you go first to this website : http://www.babypips.com/school/ and then you come back here.
- #990
- Jun 3, 2013 5:15am Jun 3, 2013 5:15am
- Joined Jul 2011 | Status: Gold Again | 10,654 Posts
{quote} Nothing wrong with that I got 14 open on the 20/50 strategy right now. Small loss so far but it's early. Good profits last week for sure. (Cable was kind this morning bless her)
I never say I don't believe how many trades, I don't care if it is 100+
I only want to see 1
Thanks for your concern
MAY THE TREND BE WITH YOU
- #991
- Jun 3, 2013 5:20am Jun 3, 2013 5:20am
- Joined Apr 2013 | Status: Trader | 10,297 Posts
{quote} The difference being your trades are OPEN while he claims to be in and out of many trades with full take profit or stop loss of 320 or 160 PIPS. I never say I don't believe how many trades, I don't care if it is 100+ I only want to see 1 Thanks for your concern
{quote} Are you sure you are not setting your S/L at 16 and not 160 pips and your T/P at 32 instead of 320 pips? Check you open and closed trades, it will take a few seconds to see if this is the case. I am using a 5 digit broker but no need to add an extra zero but you may need to with your broker. That is the beauty of trialing it on demo first, you can iron out the problems as they occur.
Here is the issue!
My broker has 5 digits, so I needed to add an extra 0!!!
Thank you my friend!
I'm interested to see everyone's results. If possible, I'd appreciate it if you'd post up some pictures if you can. Thanks.
This is simply for the fact that I find it greatly motivating and enjoyable to see other's profits/success.
Thank you.
I'm interested to see everyone's results. If possible, I'd appreciate it if you'd post up some pictures if you can. Thanks.
*Remember lot size on this trades are minimal 0.10
These are my current trades as well. I deposited $200 USD into a micro account and have only been using the Daily chart with MACD and the 1H with the Williams % indicator. I do occasionally glance at the weekly and monthly charts just to verify trend more and to make sure I see potential major support and resistance levels. This is only my 2nd day using this method. The first day I landed 543 pips. I am currently floating between 150-200 pips positive with only one trade in the negative.
Tok just be patient with the trades. I too sometimes look at my trades and think "man, this trades are doing terrible!" but just like last week, I went to bed not looking so good, and then woke up way in the positive. This is the main reason I only have a $200 deposit in my account. If I lose $200 it wont be devastating to me and I can get to see what it feels like to have my real money on the line.
Overall, I am still very happy with this method and will continue to use it
Forgot to mention. I have an issue with using FXCM's trading platform on my computer so I just use my phone to make the trades haha.
Tok just be patient with the trades. I too sometimes look at my trades and think "man, this trades are doing terrible!" but just like last week, I went to bed not looking so good, and then woke up way in the positive. This is the main reason I only have a $200 deposit in my account. If I lose $200 it wont be devastating to me and I can get to see what it feels like to have my real money on the line.
Overall, I am still very happy with this method and will continue to use it
Forgot to mention. I have an issue with using FXCM's trading platform on my computer so I just use my phone to make the trades haha.
- #1,000
- Edited 8:07am Jun 3, 2013 7:20am | Edited 8:07am
- | Joined Dec 2012 | Status: Trader | 835 Posts
Did not start trading as from last night till now ?? must i wait or what . I only change to 0.01 and 320 and 160 , Got MACD3ss in indicator , How Is it hbecause H1 is in overbought , must wait till it gets to oversell then will start trade AM i right ? My broker is 5 Digit ?