Need some help with R/R | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Need some help about this forex 20 replies

I Need Some Broker Help (Newbie) 24 replies

Need help with 10M chart - got it already but need some help! 1 reply

I need some clarification on some strategies ...Candlesticks and PA 1 reply

I need some serious help!!! 12 replies

Need some help with R/R

  • #1
  • First Post: Jul 23, 2013 12:22pm Jul 23, 2013 12:22pm
Hey ff. I dont know why im having struggles with this, but heres my problem.

Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup.

Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information would help me tons. For indicators ive noticed RSI has helped me a lot. Im buying around the 20-30 mark and selling at 70-80. Its something ive been messing around with on the demo. Ive also thought about starting live in a month or so. I know that the demo account isnt like the same as a live account so the best way would be to try it out right?

Any input is appreciated!
Thank you
  • #2
  • Jul 23, 2013 12:46pm Jul 23, 2013 12:46pm
Quoting jdmkid
Hey ff. I dont know why im having struggles with this, but heres my problem. Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup. Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information...

Your post suggest a lazy attitude.You can find anything on the net by googling few minutes.If you expect spoon feeding then you have ZERO chance to make it.
Only strong,committed,flexible,passionate people survive.
This post probably you did not expect! but you must show effort before asking help specially what you are asking is basic trading 101
You should not even trade live until you get the basics right.
In trading, you have to be defensive and aggressive at the same time
  • #3
  • Jul 23, 2013 12:46pm Jul 23, 2013 12:46pm
Quoting jdmkid
Hey ff. I dont know why im having struggles with this, but heres my problem. Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup. Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information...

Not sure if this is a legitimate question, but I've got a few minutes to kill, so here goes.

Risk-to-Reward, the clue is in the name.

Nothing to do with "pip setups".

If you risk 200 bucks, and make 400, you've just achieved 1:2. Not sure what is so hard to grasp.
If you insist on talking about pips then, risk 10 and make 20. There you go, 1:2 again.
1x risk for 2x reward. (or 3x of 4x or whatever you like) Simples.

Stop dicking around with RSI and learn the basics ;-]
Carpe Divitiae
  • #4
  • Jul 23, 2013 12:47pm Jul 23, 2013 12:47pm
Quoting Davit
... You should not even trade live until you get the basics right.
Beat me to it.
;-P
Carpe Divitiae
  • #5
  • Jul 23, 2013 12:56pm Jul 23, 2013 12:56pm
Sorry about that. I figured out what i needed. Ill use the search function more too. Thanks
  • #6
  • Jul 23, 2013 1:09pm Jul 23, 2013 1:09pm
Quoting jdmkid
Sorry about that. I figured out what i needed. Ill use the search function more too. Thanks

Trust me on this
Ask yourself a simple question "what is different about me that I can succeed when 95% fail in this business"
5% winners go extra mile,stay extra long,research 5more hours then others,search incisively for answers,emulate great traders in short they passionate about trading.
If you think you like trading because you can seat on chair pressing buttons then you have no clue what is stored for you.
It is hard not only skill wise but psychologically as well.I am hard on you but better telling the truth then giving you a false hope.
Best bible line which to me encompasses everything in life.

Ask and it will be given to you; seek and you will find; knock and the door will be opened to you
In trading, you have to be defensive and aggressive at the same time
  • #7
  • Jul 23, 2013 5:33pm Jul 23, 2013 5:33pm
Quoting jdmkid
Hey ff. I dont know why im having struggles with this, but heres my problem. Im pretty new to trading (ive only been doing demo trading for the last year-ish. Read a book or two on trading. Still learning lots) and ive been trying to keep a good R/R for my trades. Im using mt4 and i cant figure out how im supposed to keep a 2:1 or 3:2 R/R ratio. I dont understnd how the pips are setup. Any help would be appreciated. Also i feel like im more of a scalper. I like not having to take a big risk but would rather make smaller profits. Any books or information...

Hello i am a noob in FX .. only stated trading about 2 months .. have been using trends.. rsi and bollinger .. but i have been trading when rsi is between 45 and 65..
  • #8
  • Jul 23, 2013 10:42pm Jul 23, 2013 10:42pm
IMHO As everytrade is a different trade then every SL and TP should be different. I always target a spacific area for TP as as long as I get 1:1 or more it's worth the risk.
Enter Signature
  • #9
  • Jul 24, 2013 6:16am Jul 24, 2013 6:16am
Lots of free content around the web will help you with that. Like the others say, use google or the search function here and you'll find exactly what you're looking for. Good luck!
  • #10
  • Last Post: Jul 24, 2013 1:35pm Jul 24, 2013 1:35pm
R:R is a post trade calculation. You'll automatically start out limiting yourself if you set a TP based on a fixed stop. This is the very reason why large players know where your orders are placed and take you out. Drop the indicators and read Davit's posts.

Good luck. It's very difficult to be a successful retail trader in the largest decentralized market.
0 traders viewing now