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45 Combo - momentum system

  • #1,861
  • Feb 20, 2015 1:34am Feb 20, 2015 1:34am
Thanks Tycoon, you have a great weekend to!
Persistence will get it. Consistency will keep it.
  • #1,862
  • Feb 20, 2015 1:37am Feb 20, 2015 1:37am
Quoting Go5
EU and EJ to target. Once again, "something" splitted the order in three parts... Anyone with similar experience ? {image}
Seen you with this issue before could not help it to not mention something about it.

They are the problem, cut them out.
or talk to Andy.w there, he might be the guy to help you.

However I dumped them long ago and they have got even worst since.

This the last time I would ever talk about brokers, it's already a red card for me, lol but I care about Go5 so I did it.
Attached Image
  • #1,863
  • Feb 20, 2015 1:40am Feb 20, 2015 1:40am
EJ out on BE.
Time and again i get a BE trade, it is something i must work on, maybe i'm trying to hard to protect my equity.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB


Edit: this time it worked out. otherwise it would have SL-ed
Persistence will get it. Consistency will keep it.
  • #1,864
  • Feb 20, 2015 1:47am Feb 20, 2015 1:47am
Quoting Chake
EJ out on BE. Time and again i get a BE trade, it is something i must work on, maybe i'm trying to hard to protect my equity. {image}
I was just logging out and saw your post..

Chake... there is a thin line between protection and letting it be.
as long as it fits with your daily management don't even sweat it... but if your constantly panicking when you reach 10 and don't wanna lose out the money on the table and TS aggressively to BE, well then thats a problem and you need to ease off on it... even if you have take a few losses to find a balance for it.

also.. never go for a full BE stop placement... always keep it a bit beyond a entry point... this is a hidden secret I guess as price likes to come to trigger point and bounce... so when you think BE it's should actually be -1 or so.. I was saved by the extra half pips that I put the stop above the entry trigger point.

However with some more live trades under your belt slowly but surely you will find the balance on this key issue.


Cheers,
  • #1,865
  • Feb 20, 2015 1:48am Feb 20, 2015 1:48am
GN for sure this time, lol
  • #1,866
  • Feb 20, 2015 1:54am Feb 20, 2015 1:54am
Quoting fx-Tycoon
{quote} Seen you with this issue before could not help it to not mention something about it. They are the problem, cut them out. or talk to Andy.w there, he might be the guy to help you. However I dumped them long ago and they have got even worst since. This the last time I would ever talk about brokers, it's already a red card for me, lol but I care about Go5 so I did it. {image}
Thanks, Ty - didn't want to open a broker thread but this is simply annoying and more work with data-logging.
Have a great weekend!!
  • #1,867
  • Feb 20, 2015 2:03am Feb 20, 2015 2:03am
Quoting fx-Tycoon
{quote} I was just logging out and saw your post.. Chake... there is a thin line between protection and letting it be. as long as it fits with your daily management don't even sweat it... but if your constantly panicking when you reach 10 and don't wanna lose out the money on the table and TS aggressively to BE, well then thats a problem and you need to ease off on it... even if you have take a few losses to find a balance for it. also.. never go for a full BE stop placement... always keep it a bit beyond a entry point... this is a hidden secret...
Thanks Ty, will look up my past trades to see what i can improve.
Persistence will get it. Consistency will keep it.
  • #1,868
  • Edited 6:00am Feb 22, 2015 2:39am | Edited 6:00am
I've just watched American Sniper FX. Definitely a Hero in my book he saved the lives of many fellow soldiers and was top of his game in the job he trained to do, what a sad ending, RIP.

Back to the system. I know you hate this type of question but I've been thinking about the maths of the method. During your time trading the system what would you say your average stop loss is ? If your average loss is 6 (probably about right from my own trading so far) you only need 3 wins in 10 to come out ahead.

And finally what is your average month over the years in terms of pips, what is your best and your worst month?

These facts help me know what to aim for with my own trading of the system over the next few months/years if I can reach your level of discipline and management.

Many thanks for your help, hope you have had a good weekend.

Cheers.

Schoe.
  • #1,869
  • Feb 22, 2015 10:54pm Feb 22, 2015 10:54pm
Morning all. It's quiet around here today. I see red news for the Euro at 0900am UK time.

Lets hope for a good start to the week.
  • #1,870
  • Feb 22, 2015 10:57pm Feb 22, 2015 10:57pm
Quoting schoe
Morning all. It's quiet around here today. I see red news for the Euro at 0900am UK time. Lets hope for a good start to the week.
  • #1,871
  • Feb 22, 2015 11:07pm Feb 22, 2015 11:07pm
Quoting schoe
Morning all. It's quiet around here today. I see red news for the Euro at 0900am UK time. Lets hope for a good start to the week.
gm
  • #1,872
  • Feb 22, 2015 11:20pm Feb 22, 2015 11:20pm
morning...its always quiet
trading is like dancing, don't think and just listen to the music!
  • #1,873
  • Feb 22, 2015 11:36pm Feb 22, 2015 11:36pm
Nobody tempted by the narrow on GU or the possible trade on EJ. My finger was twitching but haven't taken any so far.
  • #1,874
  • Feb 22, 2015 11:40pm Feb 22, 2015 11:40pm
so far i dindt like PA
trading is like dancing, don't think and just listen to the music!
  • #1,875
  • Feb 22, 2015 11:41pm Feb 22, 2015 11:41pm
Quoting schoe
Nobody tempted by the narrow on GU or the possible trade on EJ. My finger was twitching but haven't taken any so far.
You know I couldn't resist the GU
  • #1,876
  • Feb 22, 2015 11:41pm Feb 22, 2015 11:41pm
Quoting schoe
Nobody tempted by the narrow on GU or the possible trade on EJ. My finger was twitching but haven't taken any so far.
gu here
Edit: closed -1.1pips
  • #1,877
  • Feb 22, 2015 11:43pm Feb 22, 2015 11:43pm
Quoting schoe
Nobody tempted by the narrow on GU or the possible trade on EJ. My finger was twitching but haven't taken any so far.
Morning. I have to be honest I took EJ at the light of the latest explanation by Ty, but I dropped it at b/e when I realised that actually a defined trend hadn't happened yet from the 1st cross (and UJ going up didnt encourage me either although it shouldn't matter for us LOL). GU shouldn't be a narrow as far as I understand.
  • #1,878
  • Feb 22, 2015 11:53pm Feb 22, 2015 11:53pm
Good morning all,

Short EU
Persistence will get it. Consistency will keep it.
  • #1,879
  • Feb 22, 2015 11:55pm Feb 22, 2015 11:55pm
Quoting Chake
Good morning all, Short EU
With you
  • #1,880
  • Feb 22, 2015 11:56pm Feb 22, 2015 11:56pm
Quoting Chake
Good morning all, Short EU
Good morning
Same here
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