It takes courage to grow up and become who you really are - E.E. Cummings
Highest Open / Lowest Open Trade
- #4,423
- Aug 1, 2016 3:30am Aug 1, 2016 3:30am
- Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts
Refer to today's screenshots above.
I have edited the original posts to show the sequence.
This is NO rocket science
Result so far:
EURNZD: BE+1
NZDUSD: +10 and better than 2:1 RRR
EURJPY: +10 and better than 2:1 RRR
AUDJPY: BE+1
4 units of risk gained.
You risked 0.5% of your demo account ? Then you gained 2%
You risked 1% of your demo account ? Then you gained 4%
You risked 2% of your demo account ? Then you gained 8%
Of course we all know that this is for illustration purposes only
Do you have a daily- and weekly goal ?
What do you do after your goal has been reached ?
I have edited the original posts to show the sequence.
This is NO rocket science
Result so far:
EURNZD: BE+1
NZDUSD: +10 and better than 2:1 RRR
EURJPY: +10 and better than 2:1 RRR
AUDJPY: BE+1
4 units of risk gained.
You risked 0.5% of your demo account ? Then you gained 2%
You risked 1% of your demo account ? Then you gained 4%
You risked 2% of your demo account ? Then you gained 8%
Of course we all know that this is for illustration purposes only
Do you have a daily- and weekly goal ?
What do you do after your goal has been reached ?
It takes courage to grow up and become who you really are - E.E. Cummings
- #4,424
- Aug 1, 2016 3:44am Aug 1, 2016 3:44am
- Joined Jan 2008 | Status: Always do whatever's next. | 788 Posts
This long based on modified rule #1 (No entry on M30, M15 or M5 Breakout Bars).
Let's say you reached your daily goal, should you take this trade ?
And if so, do you manage it the same as other trades before you reach the goal, or differently ? ("cherry on top")
What does your business plan (or whatever you call it) say about it ?
Do you have a plan ?
If not, why not ?
Let's say you reached your daily goal, should you take this trade ?
And if so, do you manage it the same as other trades before you reach the goal, or differently ? ("cherry on top")
What does your business plan (or whatever you call it) say about it ?
Do you have a plan ?
If not, why not ?
It takes courage to grow up and become who you really are - E.E. Cummings
- #4,429
- Aug 1, 2016 4:57am Aug 1, 2016 4:57am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,431
- Aug 1, 2016 5:10am Aug 1, 2016 5:10am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,432
- Aug 1, 2016 5:15am Aug 1, 2016 5:15am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,433
- Aug 1, 2016 5:16am Aug 1, 2016 5:16am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
I want to say thank you to tooslow for this wonderful strategy. I don't know why, but it worksI try now since 3 weeks this strategy and I have to say it's really easy and profitable. The biggest failure I made was to use wrong money management as well as not move sl to be fast enough. Because of this failure I had 2 losses. But only 2 all other trades were small winners. So out of maybe 20 trades there were only 2 losses, and they where only because of my fault and small experience. My account is now up 25 % only with this strategy. Thank you...
It does not "work".
You make it work.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,434
- Aug 1, 2016 5:31am Aug 1, 2016 5:31am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
Unless you use M30 instead of H1. If your rule 1 is "no entry on M30, M15 or M5 Breakout Bars" then it is a long entry. {image} {image} What was it again the man said ? Something with adapt to your own style or something{image}
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,435
- Aug 1, 2016 5:32am Aug 1, 2016 5:32am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,436
- Aug 1, 2016 5:41am Aug 1, 2016 5:41am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,437
- Aug 1, 2016 5:48am Aug 1, 2016 5:48am
- Joined Mar 2012 | Status: Trader | 14,392 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
