Damn The Torpedoes, Full Speed Ahead!
- #9,382
- Jul 16, 2013 7:55am Jul 16, 2013 7:55am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #9,383
- Jul 16, 2013 8:21am Jul 16, 2013 8:21am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #9,384
- Jul 17, 2013 3:31am Jul 17, 2013 3:31am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #9,387
- Jul 17, 2013 4:35am Jul 17, 2013 4:35am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #9,395
- Jul 17, 2013 5:38am Jul 17, 2013 5:38am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #9,396
- Jul 17, 2013 5:53am Jul 17, 2013 5:53am
well, on the other strategy i trade, i have a fixed tp sl of 50 pips.
on this one, as per the manual, i do not keep a sl of more than 9 pips & it's a personal choice to keep a fixed tp of 9 pips. i do not wish to let the winners run & rather be broke taking small profits / losses
if you are keeping a stoploss of more than 15 pips consistently, something wrong with the entry.
that's what the guidelines said in the M15 manual dear
on this one, as per the manual, i do not keep a sl of more than 9 pips & it's a personal choice to keep a fixed tp of 9 pips. i do not wish to let the winners run & rather be broke taking small profits / losses
if you are keeping a stoploss of more than 15 pips consistently, something wrong with the entry.
that's what the guidelines said in the M15 manual dear
{quote} I would recommend t/p of at least 20-30 pips on EU and stopping manually when price hesitates. it gives you time to widen t/p if trade goes well, and it allows bigger profits - that's how I trade anyway
- #9,398
- Jul 17, 2013 6:36am Jul 17, 2013 6:36am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
well, on the other strategy i trade, i have a fixed tp sl of 50 pips. on this one, as per the manual, i do not keep a sl of more than 9 pips & it's a personal choice to keep a fixed tp of 9 pips. i do not wish to let the winners run & rather be broke taking small profits / losses
read my previous post again. I was writing about t/p not s/l
for s/l I use 7 pips plus I move it 3 pips if it is close to round numbers (by Round I mean every 10, for ex: 1.3110, 1.3120 etc in this case)
On my way to financial independence - if others can do it - I can do it
- #9,399
- Jul 17, 2013 6:43am Jul 17, 2013 6:43am
you're right dear
{quote} read my previous post again. I was writing about t/p not s/l for s/l I use 7 pips plus I move it 3 pips if it is close to round numbers (by bound I mean every 10, for ex: 1.3110, 1.3120 etc in this case)
- #9,400
- Jul 17, 2013 6:47am Jul 17, 2013 6:47am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
minus 9 pips feels so glad to take a small loss
I like a lot the fact that you appeared in this thread having already done a lot of study to the method and you are trying to approach your trading methodically.
That's why I would like to comment on your EU evaluation. The M15 lines are completely flat today (probably waiting for the news). Yesterday's 35/50 lines were nicely angled rising up and there was a good 35/50 trade around 13:00 GMT. Most of the day the price was bouncing from the M15 10.
9 pips is kind of low for SL but if you use M5/M1 to fine tune your entry it could work. Personally I use around 12-15p for EU and AU, 15-20p for GU and EJ. My TP is manual 5-15p depending on how price behaves on M1 (I am using M5 and M15 for signals).