next possible trade buy E|U and then E|J
Come Surfing Fx With Me System
- #2,125
- May 28, 2015 8:02am May 28, 2015 8:02am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
Could someone recommend a good Pivot or S/R indicator please?
- #2,126
- May 28, 2015 8:09am May 28, 2015 8:09am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
Hi everyone,
It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm .
In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big.
However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon.
I wanted to let you know.
Best, verified
It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm
.In the past week I only had 1 "significant" loss, -12 pips. I scalp the M1 / M5 timeframe. While I can be very happy about this intermediate result, it's still something I want and need to improve, the efforts to achieve this are big.
However, I never felt uncertain or bad. Not much emotions involved ATM. I hope I can improve more and soon.
I wanted to let you know.
Best, verified
- #2,127
- May 28, 2015 8:11am May 28, 2015 8:11am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
Being a fxtrader is not easy. Ones must working hard.
- #2,129
- May 28, 2015 8:21am May 28, 2015 8:21am
- Joined Jan 2014 | Status: Trader | 1,783 Posts
Hi everyone, It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm
The important part is that you are consistently making 20 odd pips or so profit per day, stress-less as you have said.
If everyone cud do that, then everyone wud become very rich in no time, so keep up the good work is my advice, and make small adjustments as you go along, and then gradually increase lot size, and also look to find reasons to add on positions once the trade is in profit, thus becoming a free trade. Often traders exit much too prematurely I always think, especially if the trade is going favourably.
That is the occasion to find the add on signal imo, because as I said, its the free trade opportunity at that point that successful traders should capitalise on.
Cheers
LL
Cheers
- #2,130
- May 28, 2015 8:27am May 28, 2015 8:27am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
Being a fxtrader is not easy. Ones must working hard.
- #2,131
- May 28, 2015 8:30am May 28, 2015 8:30am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
At the European session, I took 2 trades on EY for 48 pips M5 : Today is M2/M4 ---M2 is the low of the day and M4 is the high of the day --Keep in mind pivot point works 50% of the time T1 : signal; Next open candle go Long @ 135.156, TP for 24 pips T2 : signal; Next open candle go Long @ 135.208, TP for 24 pips Both trades are winners with 48 pips Both trades are taken when price trade in the channel -- high probability trade because the risk is low. I use stoc(11,3,3,) Sai Ram {image}
I have a question to the new StochEntry indicator. I had it on my charts as well and I felt sometimes, it could signal 1 bar more early. without losing, if not gaining quality. It's just the about the simple thinking ( almost every developer does this ) static threshold - static alerts. Thresholds can by dynamic as well and trigger on deltas also ( e.g. a move from 90 stoch to 70 stoch can be equal weighted than a move from 70 stoch to 50 stoch ). This way - I think - it's possible to provide the same quality but more and more early entries. How do you think about that ? This cannot be done in 2 hours
. Please let me know about.Best Regards, verified
- #2,132
- May 28, 2015 8:34am May 28, 2015 8:34am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
{quote} Hi V The important part is that you are consistently making 20 odd pips or so profit per day, stress-less as you have said. If everyone cud do that, then everyone wud become very rich in no time, so keep up the good work is my advice, and make small adjustments as you go along, and then gradually increase lot size, and also look to find reasons to add on positions once the trade is in profit, thus becoming a free trade. Often traders exit much too prematurely I always think, especially if the trade is going favourably. That is the occasion...
Thank you very much for your feedback and your advice. I appreciate. Yes, I close prematurely.
Cheers, verified
- #2,133
- May 28, 2015 8:34am May 28, 2015 8:34am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
Hi everyone, It looks like my normal performance is about 23 - 26 pips a day. Without risking the farm
If your daily goal is 20 pips and EU is your girlfriend then you have to take care of her sometimes 2 trades. Because EU will retrace most of the time after 18 to 24 pips in the normal condition (no big news in the near future)
You can do it, buddy.
Sai ram
Being a fxtrader is not easy. Ones must working hard.
- #2,134
- May 28, 2015 8:42am May 28, 2015 8:42am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
{quote} Hi Verified, If your daily goal is 20 pips and EU is your girlfriend then you have to take care of her sometimes 2 trades. Because EU will retrace most of the time after 18 to 24 pips in the normal condition (no big news in the near future) You can do it, buddy. Sai ram
EURUSD is not my girlfriend
and my daily goal would be around 40 pips, whenever possible. But I monitored her closely and I know what she is doing when she leaves the house . Hard for me to know as much about any other pair.Cheers, verified.
- #2,135
- May 28, 2015 8:55am May 28, 2015 8:55am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
{quote} Hi Sai Ram
I have made a big mistake I hope you don't mind.
For the POST#2131
I saw in the forum there is a stochastic with the 2 lines show the ob/os by color. When the ob/os is resumed at that moment we want a signal from stoch. So here we are talking about the momentum. Timing is very important in entry point. If you can design the stoch like the way you have mentioned it will be amazing.
Wow! When IT MAN shows his idea I always want to see the product.
Sai Ram
Being a fxtrader is not easy. Ones must working hard.
- #2,136
- May 28, 2015 9:00am May 28, 2015 9:00am
- Joined Mar 2015 | Status: Trader | 1,305 Posts
{quote}
CU, Verified
- #2,137
- May 28, 2015 9:03am May 28, 2015 9:03am
- Joined Jul 2013 | Status: Trader | 5,460 Posts
{quote} Hi Sai Ram
40 pips is certainly obtainable per day per Broker and when compounded over 12 months will buy many Christmas Presents.
Regards,
Ronald
Ronnie Renko
- #2,138
- May 28, 2015 9:13am May 28, 2015 9:13am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
{quote} Howdy Verified, 40 pips is certainly obtainable per day per Broker and when compounded over 12 months will buy many Christmas Presents.
I like to trade GU and EY 90% of the time during the European session and EY in NY session.
This is my preference and I don't why. Maybe it is just a feeling .
Sai Ram
Being a fxtrader is not easy. Ones must working hard.
- #2,139
- May 28, 2015 9:22am May 28, 2015 9:22am
- Joined Jun 2006 | Status: Fx trader | 2,944 Posts
Being a fxtrader is not easy. Ones must working hard.
- #2,140
- May 28, 2015 9:23am May 28, 2015 9:23am
- Joined Jul 2013 | Status: Trader | 5,460 Posts
{quote} If you trade GY and EY for 40 pips a day it is very possible the goal is reached. I like to trade GU and EY 90% of the time during the European session and EY in NY session. This is my preference and I don't why. Maybe it is just a feeling . Sai Ram
I have 5 main pairs on one screen as primary pairs and watch another 6 pairs which I consider to be my secondary pairs and only watch these during the New York Session.40 pips to me is absolute minimum Target....Helps to keep me out of mischief
Ronald
Ronnie Renko