Thats not the engulf. Direction south engulf should be left side upper leg FL not the same leg. Hope it makes sense.
cheers.
ReadtheMarket - Supply and Demand with Price Action
- #643
- Apr 24, 2014 12:24pm Apr 24, 2014 12:24pm
- Joined May 2011 | Status: Trader | 1,374 Posts
{quote} IF you got stop out thats oky theres another trade comming{image}
-milkeyway
- #646
- Apr 24, 2014 12:47pm Apr 24, 2014 12:47pm
- Joined May 2011 | Status: Trader | 1,374 Posts
{quote} Here we go. {image}
-milkeyway
- #648
- Apr 24, 2014 12:58pm Apr 24, 2014 12:58pm
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #651
- Apr 24, 2014 1:18pm Apr 24, 2014 1:18pm
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #652
- Apr 24, 2014 1:22pm Apr 24, 2014 1:22pm
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #654
- Apr 24, 2014 1:27pm Apr 24, 2014 1:27pm
- Joined May 2011 | Status: Trader | 1,374 Posts
{quote} Yes, Price aproached in arch shape. which was promising. Not triggered anyway.
-milkeyway
- #657
- Apr 24, 2014 1:40pm Apr 24, 2014 1:40pm
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Guys, what you are doing here is superb. I can't even imagine myself doing something like this... I just want to ask IF and others, using this jedi trading style, what % of return do you usually post per week/month/year/whatever to your account. What % of loosers/winners and an average R/R (which i can already see is phenominal) I don't need exact numbers, just an average. Thanks in advance. P.S. RTM is a nice site, signed in.
I'm not even a part time trader now, so I miss nearly every piece of action there is.
If I ever open the charts and see a trade opp right in front of me, I take it.
However, I usually get between 10R and 25R per trade. If I lose, it's usually no more than the spread and commission.
There are between 5 and 20 such confirmed trades available every day.
So, work out what's a good % to risk, and do the math to see what's possible (Don't tell me the answer though - I don't want to be reminded of what I'm missing out on
)
{quote} It gets easy with time
Why have you stopped active trading? With this method and your experience it should make a hell lot of money... why'd you stop?
Sorry if it's too personal.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
- #659
- Edited 3:37pm Apr 24, 2014 3:18pm | Edited 3:37pm
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
For one, the fact that I can make a lot of money takes the pressure off me to make a lot of money! (A martial arts master is the last person to ever get in a fight; with nothing to fear, why should he ever do so?)
Also, my personality doesn't allow me to do repetitive tasks. As a trader, I'd wither and die in no time.
I have some truly excellent graduates and students though, whom I'll be happy to support in their trading, so that we can do something truly unique, posing a panoply of massive challenges to our team for the rest of my life.
Finding how the markets work was a lovely puzzle, but that's done now, so it's time to move on to the next challenge; creating a group of traders who can read it just as well as I.
At the same time, there's the challenge of building and running the fund.
A very large chunk of the profits from that will be distributed around the planet, and you can just imagine the challenges we'll face with that
To live for the pursuit of wealth would be to waste my life, when what I really want to do is make an international culture which sustains itself and nurtures every individual. Why do I want to do that? For one, it seems like that's how the world should be. For another, it'll keep my mind buzzing as long as I live
Also, my personality doesn't allow me to do repetitive tasks. As a trader, I'd wither and die in no time.
I have some truly excellent graduates and students though, whom I'll be happy to support in their trading, so that we can do something truly unique, posing a panoply of massive challenges to our team for the rest of my life.
Finding how the markets work was a lovely puzzle, but that's done now, so it's time to move on to the next challenge; creating a group of traders who can read it just as well as I.
At the same time, there's the challenge of building and running the fund.
A very large chunk of the profits from that will be distributed around the planet, and you can just imagine the challenges we'll face with that
To live for the pursuit of wealth would be to waste my life, when what I really want to do is make an international culture which sustains itself and nurtures every individual. Why do I want to do that? For one, it seems like that's how the world should be. For another, it'll keep my mind buzzing as long as I live