anyway....respecting the strategy, we would have at this moment 3 x1 buy opened, as you can see at point 5,8,9 an a probable x2 sell if price reaches 1.99200.
Let's see......
Let's see......
Simply "grid" system, no hedge, no martingale 9 replies
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Martingale, Reverse Martingale, Modified Martingale, Maths 1 reply
Disliked{quote} Hi boss ... what do you think about the dangerous situation in the picture? Is it ok for you to open sell 2 at 1.99400 and then a x1 buy at 8? Updating..... {image} Let'see the importance of 50% fibo. At this level we can close both x1 buy (point 5 and 8) as pointed out with the arrow. p.s. sorry for my english!Ignored
DislikedHello, Thanks KFX and other who understand to your effort I try to understand this system but im not so familar with hedging and when doubling lots size. I take an arbitrary entry on yesturday london open. i want to know if i've doubled lot size correctly or not. (like other English is not my mother language ) {image}Ignored
Disliked{quote} EUR/USD is very trending down now, but I expect some reversal in the short time.Ignored
Disliked{quote} Yes, but we only double the lot at oppossite operation type. For example from sells to buys or from buys to sellsIgnored
DislikedHi Kfx, So far I tested myself on a 5 minute chart DAX trade. The steps I followed are documented in the image. I would really appreciate if you could check these steps and tell me if any of my steps are wrong. I also have a question for step 32.. There it became tricky for me.. So could you help me out of my little concern? Many Thanks {image}Ignored
Disliked{quote} ATA...not sure when Kfx will return, but meanwhile I may comment. Then Kfx can when he's back. Just starting out. No short on #2. The long #1 didn't hit TP so no shorts. You would take the 2nd long where you have #3 and closed both at #4, then gone short. I'll keep checking.Ignored
Disliked{quote} ATA...not sure when Kfx will return, but meanwhile I may comment. Then Kfx can when he's back. Just starting out. No short on #2. The long #1 didn't hit TP so no shorts. You would take the 2nd long where you have #3 and closed both at #4, then gone short. I'll keep checking.Ignored
Disliked{quote} Ata...as I continued on I noticed you doing the same thing. No long at #5 as your #4 was still open. Just remember you don't take that opposite direction trade unless you hit your TP's If you could rework your chart based on that...or you can wait for Kfx to commentIgnored
Disliked{quote} Ata...as I continued on I noticed you doing the same thing. No long at #5 as your #4 was still open. Just remember you don't take that opposite direction trade unless you hit your TP's If you could rework your chart based on that...or you can wait for Kfx to commentIgnored
Disliked{quote} No no.. look closer: Trade #1 didnt close when price arrives at step #3.... so I open another long.. at step #4 both longs are closed.. price goes a little bit down under grid line and comes back and then I opened #5 long that I close at step #6 Okay??? Happy TradesIgnored
Disliked{quote} But you should not have opened the short at #2. IF trade #1 had immediately gone up to TP at 9180, then you would have taken your short. So now every entry is skewed. What should have happened is the first long at 9170, 2nd long at 9160. Close both at 9170 and go short. Then short again at 9180. Both close at 9170. Then long from there. When I get a chance I'll take the fdax and run through that time frame in more detail. When was that screenshot from?Ignored