{quote} Thank you, I'm doneI'd rather have less entries and not give back to the market, besides I'm up around 130 pips for the week which is perfectly fine by me
GU +44pips atm, moved to BE+4 originally tp was 30 pips....for some reason i woke up and check and see it was almost hit, so i moved it a bit more. right now i put it close to recent low spike.....i honestly have no idea where i should put the tp at..... {image}
{quote} Wow... well done Greenb - I didn't expect that...
{quote} Grats to you +300 even UCad moved up...only 10 pips though heh. how many pips you need hmmmm...tough +190 for me this week because i lost my UJ postion...damn that FOMC. however its not about pips is it, its how many lots
{quote} getting good result there
{quote} i get that you want to set your trade at BE to minimize the risk as soon as possible because i do the same too on every trade. the only problem however is 20 pips is small and most times is good only for the slow moving crosses. for yen crosses you need more than 20 most time because of how fast it moves, i usually go with 30-50 pips before i set BE. you really need to have a bit more trust on the system you know. We play the probability here; and when you know you will win 70% of the time. you just need to sit back and not try to sabotage...
{quote} Good for you WDays I only managed to be at my PC for 2 trades this week, both EA both losers :0( to counteract last weeks 2 winners. Oh well next week is a new start. Happy pip hunting..
There's always next week and there's always hope.{quote}. must be from the same source
Good job on your EJ, I left a lot of pips on the table also but at the time it felt like the right thing to do so I did it and do not regret it {quote} Great job WDays! You are exactly right - how many pips does a trader need? LOL! As SJ says don't be greedy or you'll end up giving it back...
{quote} Go give Draghi a kiss
How do you guys choose?????{quote} Thanks for your comment GreenB! I'm super nervous, on every single trade. Will certainly take your advice to heart and not stare down every tick.
{quote} Don't worry bro it happens
And down comes the euro on the QE talk
EURUSD 1.2495 EURGBP 0.7980 EURJPY 147.20
Missed EJ move. Entered GJ on M15. Broke structure and TDI's looked great. Got stopped out at BE - as usual, I sadly have to add. It's my pattern. Set my trade manager to BE at 20 pips. {image}
And remember that just because a trade goes a few pips against you when you first go into it or after you've been in profit, that doesn't mean it will definitely reverse on you. 7/10 times the next hourly candle will move against you when it opens, for me the first 25% of an hourly candle is the retrace and the next 75% will define if it will start moving or not. Often times they close as dojis, which is not a reversal pattern, so be careful and build up the confidence (which unfortunately has to be done by having lots of wins).{quote} Hi Pipsta972, good advice from GreenB... here is another tip that may help; if you are really nervous (about losing capital) it is sometimes a sign you are risking too much - try reducing risk per trade. e.g. if you risk 3% try kicking down to 1% etc, then gain confidence... hope this helps
The secret is having a pipcounter on your lower right and not looking at actual $$ profit and account balance while in a trade I think my "picker outer" is broken. I keep choosing sluggish pairs, while other pairs put in 50+ pip moves.
{quote} Hi Pipsta972, good advice from GreenB... here is another tip that may help; if you are really nervous (about losing capital) it is sometimes a sign you are risking too much - try reducing risk per trade. e.g. if you risk 3% try kicking down to 1% etc, then gain confidence... hope this helps
{quote} ...I'm risking 10-12% a pop and gaining 20 to 38%
{quote} that's like asking how much risk can you take. you want pair that moves a lot, pick EJ/GJ/EA it is guaranteed to move a lot every day. the downside, if you made the wrong move, you will be deep in red. if you want safe, pick a slower moving cross like UCad, if you want to know which moves the most....use ATR on the daily and you will see.
