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EURUSD

  • #969,321
  • Mar 15, 2015 10:19pm Mar 15, 2015 10:19pm
Quoting fxtyrant
{quote} why are you scared? if you follow my system there not point for you to be scared unless im scared.... if ur scared that easily on a spike of 20 or so pips then maybe you traded lot sizes that are not fitting to your account size..... i have warned numerous times to only trade using the standard of 2 Standard Lots for a 50k USD Account.
oh i m miss take.
i think im treded so big lots.
oh my gods! damm it!
so poor now
thx so much
  • #969,322
  • Mar 15, 2015 10:22pm Mar 15, 2015 10:22pm
Quoting kenfen69
{quote} Can only answer for myself. THIS much ALWAYS equals a percentage. 39 pips == 2%. 39 pips == 5% KNOW YOUR LOSS before you place the trade!


Quoting afhacker
{quote} Everyone has his own system my one is based on SL trailing and I'm not predicting the market with TPs. I don't have any fixed number of pips or percent for my SLs, my SLs are based on market condition and If I can't afford to lose the required amount of SL I'm not putting my self on that trade.
At what point do you know your trade is wrong? How do you exit? How do you know when to exit? If it goes immediately wrong (no ability to trail stop loss) at what point do you cut the trade?
  • #969,323
  • Mar 15, 2015 10:35pm Mar 15, 2015 10:35pm
Quoting Pharm0r
{quote} {quote} At what point do you know your trade is wrong? How do you exit? How do you know when to exit? If it goes immediately wrong (no ability to trail stop loss) at what point do you cut the trade?
I'm exiting from my trades when SLs hit.
I turned 500 USD to 50000 USD by using this system in 4 month.
I'm not in here to explain my system!
Without an edge MM is useless!
  • #969,324
  • Mar 15, 2015 10:38pm Mar 15, 2015 10:38pm
Quoting afhacker
{quote} I'm exiting from my trades when SLs hit. I turned 500 USD to 50000 USD by using this system in 4 month. I'm not in here to explain my system!
This doesn't matter if you can easily blow it all up in 1 single trade...
and fromt he looks of how you risk. and not being able to immediately know what you are risking....
makes things a lot more concerning.

And if you're not here to explain your system then what are you here for??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,325
  • Mar 15, 2015 10:41pm Mar 15, 2015 10:41pm
...
Attached Image
Look Sharp/Trade Tight
  • #969,326
  • Mar 15, 2015 10:44pm Mar 15, 2015 10:44pm
Quoting fxtyrant
{quote} understood, so your profit relies on how well the market keeps trending and trending and trending so your trailing stop loss catches up..... but that would mean at some point you might miss out some profit.... and that you would always miss out a few pips, causing your system's exit accuracy to be pretty low.... what i learned in forex is that you can enter the market at any time you want. the biggest matter is how well you exit, always have a plan of exit. your seem to have a plan of exit, but it sure isnt the most accurate one....
http://intel.harriman-house.com/trad...andom-entries/

http://www.automated-trading-system....-monkey-style/

http://www.automated-trading-system....on-randomness/
Build good relationships with others.
  • #969,327
  • Mar 15, 2015 10:48pm Mar 15, 2015 10:48pm
Quoting fxtyrant
{quote} This doesn't matter if you can easily blow it all up in 1 single trade... and fromt he looks of how you risk. and not being able to immediately know what you are risking.... makes things a lot more concerning. And if you're not here to explain your system then what are you here for??
Why I lose all my profit in one trade?
My whole strategy is based on trend following;
1. I'm only trading in direction of trend.
2. My TF is daily and 4h(1h for entry).
3. I'm scaling my trades until market go to my favor.
4. Managing of SLs is the main point of my system.
5. I'm not using any type of indicator.

I'm trading based on this system since Dec 2013 and until now I never had a losing month!
Without an edge MM is useless!
  • #969,328
  • Mar 15, 2015 10:48pm Mar 15, 2015 10:48pm
Quoting PayTheLimit
... {image}
Charooga-Charooga!!! You beautiful, bastard! Right when I'm out of here...my cheeks burst with life!
  • #969,329
  • Mar 15, 2015 10:50pm Mar 15, 2015 10:50pm
Quoting PayTheLimit
... {image}
Will be back around soon...but do you still pick up an aul PM if I send you one? Miss you, Christopher. Always an unmet angel!
  • #969,330
  • Mar 15, 2015 10:51pm Mar 15, 2015 10:51pm
yea bro, I keep the PM box open....love ya and miss ya...talk laters...
Look Sharp/Trade Tight
  • #969,331
  • Mar 15, 2015 10:53pm Mar 15, 2015 10:53pm
Did FF buy a new set of revolving doors? Was fun reading, though.

See ya soon(ish), Ken.
  • #969,332
  • Mar 15, 2015 10:53pm Mar 15, 2015 10:53pm
Quoting PayTheLimit
... {image}
I REALLY have to dash, but... when was the last time you had one of those? Served...not home-made? Love you, beautiful! Promise I'll catch you soon. Hope all is fantastic.
  • #969,333
  • Mar 15, 2015 11:07pm Mar 15, 2015 11:07pm
we can find several kinds of TP setup, because each trading system can match a particular type of TP. So we understand that the particular configuration of a TP also meets the personality of each trader. Is that why it is not easy for traders to give a unanimous answer to the question, i guess its hard to guess where and when to end an entry, not alwyes but sometimes!
Let me fill my acount wallet then will take Ur advice
  • #969,334
  • Mar 15, 2015 11:17pm Mar 15, 2015 11:17pm
Quoting afhacker
{quote} Why I lose all my profit in one trade? My whole strategy is based on trend following; 1. I'm only trading in direction of trend. 2. My TF is daily and 4h(1h for entry). 3. I'm scaling my trades until market go to my favor. 4. Managing of SLs is the main point of my system. 5. I'm not using any type of indicator. I'm trading based on this system since Dec 2013 and until now I never had a losing month!
i know... but how well adapt are you to changing market conditions. what if you entered a trade thinking a trend is going to continue only to end up killing your account because its consolidating..... would you know how to adapt to it so you dont trade when market is ranging? or will you risk blowing up your account in hopes that a trend will continue??

I have used to developed strategies where i used trailing stops for exits and the trailing was base on Moving averages, but moving averages as you know is slow...... and it doesnt do well in ranging markets....
a system thats profitable in trending market is likely gona dump all the profits when it markets goes into ranging mode if you keep the system continously running.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,335
  • Mar 15, 2015 11:23pm Mar 15, 2015 11:23pm
Anyone here trade mainly by intuition and feeling the current state of the market? With money management and stops of course.
Build good relationships with others.
  • #969,336
  • Mar 15, 2015 11:28pm Mar 15, 2015 11:28pm
Quoting shellsnail
Anyone here trade mainly by intuition and feeling the current state of the market? With money management and stops of course.
i do, but i would prefer wait untill 10 gmt time to get better view, thats my advice Mate
Let me fill my acount wallet then will take Ur advice
  • #969,337
  • Mar 15, 2015 11:28pm Mar 15, 2015 11:28pm
Woke up, closed long from 1.0486 @ 1.0520 since I saw that price had started pulling back from 1.0530 (remembering fxtyrants words on psych levels and how they are overshot by 20-30 pips). Next time will not put TP at 1.0542.
  • #969,338
  • Mar 15, 2015 11:36pm Mar 15, 2015 11:36pm
Quoting fxtyrant
{quote} i know... but how well adapt are you to changing market conditions. what if you entered a trade thinking a trend is going to continue only to end up killing your account because its consolidating..... would you know how to adapt to it so you dont trade when market is ranging? or will you risk blowing up your account in hopes that a trend will continue?? I have used to developed strategies where i used trailing stops for exits and the trailing was base on Moving averages, but moving averages as you know is slow...... and it doesnt do well...
This system is for trend markets not range ones so when market came in range after large trend there is tow possible outcome:
1. Reversal breakout
2. Continuation breakout

If there was down trend and the down trend become range I will put my trades SLs little bit above the resistance level of the range and vice versa for up trend.
Without an edge MM is useless!
  • #969,339
  • Mar 15, 2015 11:36pm Mar 15, 2015 11:36pm
made separate account with Longing EUR And good margin,(use to do this with Eur) will get back to the same acount to see it gone or TP 1.1615 in 20 days
Let me fill my acount wallet then will take Ur advice
  • #969,340
  • Mar 15, 2015 11:53pm Mar 15, 2015 11:53pm
Hmmm wonder if this keeps coming down or we get some nasty move up before.. Everything I'm seeing tells me I should expect price to go under 1.05 at least one more time , still short eu au nu gu, there's money to be extracted out of these markets every day sticking with the trend, even if price does go up big on the day, so that's the plan grasshoppers!
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