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SS S/R - super stupid S/R trading experiment

  • #141
  • May 30, 2014 11:12am May 30, 2014 11:12am
Hi, Adam. You have very interesting orders. What do you think about AUDCHF?
Also one question - how many pips do you indent between limit order and support/resistant line?
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  • #142
  • May 30, 2014 12:12pm May 30, 2014 12:12pm
Quoting adriano-kz
Hi, Adam. You have very interesting orders. What do you think about AUDCHF? Also one question - how many pips do you indent between limit order and support/resistant line? {image}
Hi Adriano,

Thank you. I think you placed that order perfectly. Just bear in mind weekend is coming.... I don't have any rules how many pips away from SR to place on order. Ideally zero, but spread must be taken in mind. In case above I'd place order few pips above. Keep me up to date with your trade. Really nice one, mate. Wish you the best of luck.
Lose small, win BIG
  • #143
  • Jun 2, 2014 10:29am Jun 2, 2014 10:29am
Order hit...

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Lose small, win BIG
  • #144
  • Jun 2, 2014 1:05pm Jun 2, 2014 1:05pm
Learn to do this (and all about risk management) and trading will be easy. Wait for break-out and then wait for retracement. WAIT. WAIT. WAIT. WAIT and then trade it and don't care about it. Loss or winning trade. Does it matter? Plan long-term winning, not temporary pleasure.

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Lose small, win BIG
  • #145
  • Jun 3, 2014 7:49am Jun 3, 2014 7:49am
Update my AUDCHF trade. Moved to BE, then SL hit. Unfortunately, price didn't reach TP in 12 pips. But anyway, I think your strategy is good. I need more practice. Thanks for your posts.
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  • #146
  • Jun 4, 2014 11:31am Jun 4, 2014 11:31am
Quoting adriano-kz
Update my AUDCHF trade. Moved to BE, then SL hit. Unfortunately, price didn't reach TP in 12 pips. But anyway, I think your strategy is good. I need more practice. Thanks for your posts. {image}
you are right mate. It takes some time to master it. Maybe 3-4 months and you can reach really interesting skill level. I'll bring to you some articles where to take profits to increase probabilty of winning. It is not so difficult if you see it. Be patiente and practise a lot and you will experience progress.

Good luck Adriano.
Lose small, win BIG
  • #147
  • Jun 4, 2014 11:35am Jun 4, 2014 11:35am
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Lose small, win BIG
  • #148
  • Jun 4, 2014 11:40am Jun 4, 2014 11:40am
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  • #149
  • Jun 5, 2014 11:38am Jun 5, 2014 11:38am
Quote
Good luck Adriano.
Thank you, Adam.
My previous trade on AUDSGD hit TP. My initial stop was wide and it saved my trade.
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  • #150
  • Jun 6, 2014 11:21am Jun 6, 2014 11:21am
Quoting adriano-kz
{quote} Thank you, Adam. My previous trade on AUDSGD hit TP. My initial stop was wide and it saved my trade. {image}
Nice to see Adriano
Lose small, win BIG
  • #151
  • Jun 8, 2014 2:25pm Jun 8, 2014 2:25pm
Sometimes your order is missed....

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Lose small, win BIG
  • #152
  • Jun 9, 2014 2:13pm Jun 9, 2014 2:13pm
I didn't catch this movement. It was beautiful example of break-out and then retest. I hope some of you is enjoying profit...

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  • #153
  • Jun 9, 2014 2:43pm Jun 9, 2014 2:43pm
Long EURJPY because we've reached our level...

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  • #154
  • Jun 10, 2014 10:23am Jun 10, 2014 10:23am
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  • #155
  • Jun 10, 2014 1:08pm Jun 10, 2014 1:08pm
and shorting aussie again, with wide SL now

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Lose small, win BIG
  • #156
  • Jun 11, 2014 2:08pm Jun 11, 2014 2:08pm
Eurusd

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nzdusd

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audusd

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usdjpy

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Lose small, win BIG
  • #157
  • Edited 6:56pm Jun 11, 2014 6:43pm | Edited 6:56pm
Hello ProsteJa,
Seems like you are applying a better R:R at you last trades, this will put your results up. Don't ever enter the trade if the R:R is less than 1:2. Better 1:3.
Look:
Attached Image

With this win rate if you use R:R of 1%:3% your account would be today with 23% of profit.
And if you use R:R of 1%:2% your account would be today with 4% of profit.
I think if you add the fibonacci retracement your win rate will increase.
I just want to help, good luck.
"In God we trust."
  • #158
  • Jun 12, 2014 10:46am Jun 12, 2014 10:46am
Quoting renanc93
Hello ProsteJa, Seems like you are applying a better R:R at you last trades, this will put your results up. Don't ever enter the trade if the R:R is less than 1:2. Better 1:3. Look: {image} With this win rate if you use R:R of 1%:3% your account would be today with 23% of profit. And if you use R:R of 1%:2% your account would be today with 4% of profit. I think if you add the fibonacci retracement your win rate will increase. I just want to help, good luck.
Hi renanc,

Thank you for your advice. Idea was to trade with RR around 1:1 with 85% win rate. I'll have to try various money management techniques to get better results.
Lose small, win BIG
  • #159
  • Jun 12, 2014 12:30pm Jun 12, 2014 12:30pm
Hello again friend,
I'm not a very experient trader, but in the time I'm in this market I don't even see a strategy with 85% win rate work for a good time or without a drastic DD.
If you look arround or search for interviews you will see that even the best traders says the win rate is around 50 and 60%.
Good luck.
"In God we trust."
  • #160
  • Jun 14, 2014 2:48pm Jun 14, 2014 2:48pm
Quoting renanc93
Hello again friend, I'm not a very experient trader, but in the time I'm in this market I don't even see a strategy with 85% win rate work for a good time or without a drastic DD. If you look arround or search for interviews you will see that even the best traders says the win rate is around 50 and 60%. Good luck.
You are right mate. And I feel better with very big RR ratio. I will change it. Thank you for suggestion. And what is your name?
Lose small, win BIG
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