Gaurded trade closely was up $100 and moved sl to BE will probably range until speak by Draghi
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- #1,006
- Oct 9, 2014 10:17am Oct 9, 2014 10:17am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Krystyn my fist day live trading i lost 7-800 dollars. I demo traded a year solid prior with 15 pip sl and 15 pip tp. First day live I bailed on all 11 trades early that day. Reality was I should of won 9 and had 2 losses per my rules that day but i bailed early on every trade. That translates to $1350 - $300 = $1050 . But I lost almost $800 dollars. End of one week my account was down 0ver 30%. I was trading one full lot per trade. I adjusted my lot size to .3 lots per trade and I was much more comfortable trading and within a month regained my losses and i slowly increased my lot size. 5k became 10k them 30k in under a year. Don't give up take the next signal This is the easiest trading i've ever done. Set your trading time and Demo for 3 months. I would trade london session exclusively if those times work for you . I use to get up at 2 am to 6 am everyday and then go to work. This took a toll on me. Our biggest obstacle is ourselves. I hate to say it but you could flip a coin and be right 50% of the time in forex. I use to set BE at 5 pips profit and then trailed by 10 pips. I very rarely had a loss and I may be going back to that. It will keep losers to a minimum but you will miss some runners unless you get back in again.
Their will be losses. I beleive you know that.
Their will be losses. I beleive you know that.Took loss and missed next entry which would give it back: {image}
- #1,009
- Oct 9, 2014 12:20pm Oct 9, 2014 12:20pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Enjoy
Mind does crazy things to your trading! Trust me!! Enjoying last 2 days in paradise{image}
- #1,010
- Edited 12:50pm Oct 9, 2014 12:33pm | Edited 12:50pm
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Hi JTee , First of all thanks a lot for sharing your results and system with hell lot of traders here. It will definitely be of inspiration / gold mine for atleast few of them.
I am also following up your thread from last couple of weeks and definitely there is an improvement i can see in my trading a/c. Thanks to you again.
I have one small query - can we set multiple renko charts in one profile ? In one of your recent chart posted above i can see EUR/USD and USD/JPY in same profile. Actually i am trying this from last one week but it is not working for me (though the first renko currency chart will work flawlessly , but the second one will not move if i add it in the same profile). Do i need to change any setting ?
Please provide your valuable inputs.
Happy trading
I am also following up your thread from last couple of weeks and definitely there is an improvement i can see in my trading a/c. Thanks to you again.
I have one small query - can we set multiple renko charts in one profile ? In one of your recent chart posted above i can see EUR/USD and USD/JPY in same profile. Actually i am trying this from last one week but it is not working for me (though the first renko currency chart will work flawlessly , but the second one will not move if i add it in the same profile). Do i need to change any setting ?
Please provide your valuable inputs.
Happy trading
- #1,017
- Oct 10, 2014 6:23am Oct 10, 2014 6:23am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Asian session results. Most were off of 1 min chart and when in profit set small trailing stop 2 pips. Locked profit but allowed room for growth if it continued, no losses again my lucky day.
- #1,018
- Oct 10, 2014 6:29am Oct 10, 2014 6:29am
- | Joined Apr 2010 | Status: Trader | 1,401 Posts
Mahajans thanks for the kind words. Answer is yes you can set up different size renkos for same currency and on different pairs. You just need to put ea on different 1 min chart and then open another offline chart for the same currency you put ea on. I can put a drain on pc though. Hope this helps.
Hi JTee , First of all thanks a lot for sharing your results and system with hell lot of traders here. It will definitely be of inspiration / gold mine for atleast few of them.
- #1,019
- Oct 10, 2014 6:38am Oct 10, 2014 6:38am
Thanks JTee for the reply...i will recheck my settings.
Mahajans thanks for the kind words. Answer is yes you can set up different size renkos for same currency and on different pairs. You just need to put ea on different 1 min chart and then open another offline chart for the same currency you put ea on. I can put a drain on pc though. Hope this helps.
