failed to pull trigger on next 2 winning trades. worth 50p's. would be netting about 80 today at this point. instead of +40p. still have some demons! Laughable!
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As simple as possible: 00 level trading
- #27,282
- Mar 10, 2015 11:28am Mar 10, 2015 11:28am
Today i realized that using this strategy to do hundreds of trades per day is not convenient.
After hours, earned 5 Pips and -1.36%, how? because broker spreads
after other operations, and a result of same earned pips, the % come down more, and of course it will be continue to do this joke
Again i learned a new lesson and i'll be stronger with the new experiments, my goal is 10% per day, and i will find the right way
After hours, earned 5 Pips and -1.36%, how? because broker spreads
after other operations, and a result of same earned pips, the % come down more, and of course it will be continue to do this joke
Again i learned a new lesson and i'll be stronger with the new experiments, my goal is 10% per day, and i will find the right way
- #27,283
- Mar 10, 2015 12:27pm Mar 10, 2015 12:27pm
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #27,284
- Mar 10, 2015 12:29pm Mar 10, 2015 12:29pm
- Joined Oct 2012 | Status: Trader | 2,561 Posts
please tell me if it is right
if not i will find it later
I understand not to answer the same questions
if not i will find it later
I understand not to answer the same questions
- #27,285
- Mar 10, 2015 1:03pm Mar 10, 2015 1:03pm
{quote} start walking before you can run.. start to make 1% a day... and soon will realize that you dont need to make 10% a day to build a strong financial foundation.. Watch the charts I posted today... do you "see" anything in particular??? anybody can answer.. Udine anybody
)I can see your take profit is 100 points, maybe you do this because the price in 0.9500 looks like in a sprint lane watching the two big candles before and you are entering after a correction of movements and one typical trend change candle, right?
- #27,287
- Mar 10, 2015 1:21pm Mar 10, 2015 1:21pm
- | Commercial User | Joined Apr 2013 | 1,178 Posts
the charts after the fact... {image} could I have had more pips... maybe this time yes, but maybe other times no.. do I feel sad?? Hell no!!! my bank pays me 1% a year, so today I made as much as the bank pays me in 5 years !!! and just in 2 hours time
The real lesson of Forex is the head, and nothing else.
Grateful forever.
- #27,289
- Mar 10, 2015 2:58pm Mar 10, 2015 2:58pm
Also today i gained another 10%.
Trying on a smallest account with the same 5% risk
31Points because i close the last 2 open trades when i see the total of >10%.
After the examination of yesterday trades and some improvements the success rate is the same, the number of operations also have not changed much, this time i was careful to spreads and before i made it in 4 hours, now just in 1 changing the timeframe
lowering the risk to 2% theoretically in 2-4 hours i will get the same result, now also the statistics seem to agree that 10% per day is easier than it seems, i will continue in this spirit to have more data and confirmations
Trying on a smallest account with the same 5% risk
31Points because i close the last 2 open trades when i see the total of >10%.
After the examination of yesterday trades and some improvements the success rate is the same, the number of operations also have not changed much, this time i was careful to spreads and before i made it in 4 hours, now just in 1 changing the timeframe
lowering the risk to 2% theoretically in 2-4 hours i will get the same result, now also the statistics seem to agree that 10% per day is easier than it seems, i will continue in this spirit to have more data and confirmations
- #27,290
- Mar 10, 2015 3:35pm Mar 10, 2015 3:35pm
the charts after the fact... {image} could I have had more pips... maybe this time yes, but maybe other times no.. do I feel sad?? Hell no!!! my bank pays me 1% a year, so today I made as much as the bank pays me in 5 years !!! and just in 2 hours time
You say?
- #27,291
- Mar 10, 2015 5:34pm Mar 10, 2015 5:34pm
{quote} start walking before you can run.. start to make 1% a day... and soon will realize that you dont need to make 10% a day to build a strong financial foundation.. Watch the charts I posted today... do you "see" anything in particular??? anybody can answer.. Udine anybody
14 months ago you opened this topic and get 2% profit every day ...
- #27,294
- Mar 10, 2015 11:24pm Mar 10, 2015 11:24pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
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- #27,295
- Mar 10, 2015 11:48pm Mar 10, 2015 11:48pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
- #27,296
- Mar 11, 2015 1:53am Mar 11, 2015 1:53am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #27,297
- Mar 11, 2015 1:54am Mar 11, 2015 1:54am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} Of course if i cant improve this strategy i will trade exactly with your rules(2% a day for 3Y target
My risk is always 2 % and reward 1%
SL = 10 pips & TP = 5 pips
Udine
Sleep less, live fast, as it aint gonna last
- #27,298
- Mar 11, 2015 1:57am Mar 11, 2015 1:57am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #27,299
- Mar 11, 2015 2:02am Mar 11, 2015 2:02am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} Udine, good job of holding together this ever changing thread as they all do evidently. Many are trying to re-invent the mouse trap. It doesn't bother you leaving $130 on the table from your 3 charts? I myself have left too much today and am bruised over it. I have the yips when it comes to letting winners run. You say?
who says I left $ 130 on the table ??? I left a lot more, but who cares..
this is what I made yesterday, with the least possible amount of risk and time...
why do I need to risk my capital any longer??
Udine
Sleep less, live fast, as it aint gonna last
- #27,300
- Mar 11, 2015 2:04am Mar 11, 2015 2:04am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} you are using 1 lot 14 months ago you opened this topic and get 2% profit every day ...
Are you sure I trade only 1 lot ??
Udine
Sleep less, live fast, as it aint gonna last