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  • #221
  • Oct 17, 2016 5:25am Oct 17, 2016 5:25am
Quoting Jenl
One more EJ {image}
Solid as you can see highs nicely follow trendline while being in similar volatility sizes to each other which is what you want when seeking the breakout from structure.
  • #222
  • Oct 17, 2016 5:30am Oct 17, 2016 5:30am
Quoting Jenl
Hi Janpec, First of all, thank you for sharing and teaching you method of trading. it's exactly the type of trading I'm interested in. Now I've seen some losses, some wins this morning, what do you think? {image} {image} {image} {image}
GU example perhaps would have redrawn trendline becouse there are many in between highs and lows from that bottom up that are following different trendlines. But if you followed m1 for m5 setup then perhaps that was fine. In either way youll get wins and loses, no matter of that with following system correctly those examples you posted are profitable at the end. Mind that the more you tighten the risk the more losses you will get, better get used to that its part of the game.
  • #223
  • Oct 17, 2016 5:52am Oct 17, 2016 5:52am
Quoting leeshindig
I wish you could like posts on this forum!... thanks again janpec1000
you can, see right bottom of post.
Persistence will get it. Consistency will keep it.
  • #224
  • Oct 17, 2016 8:13am Oct 17, 2016 8:13am
Thanks for answering,
the bottom trend line at GU was from m5, but never mind.

Also, could you clarify something for me?

How do you calculate R concerning commission?
I understand that you calculate R by risk % to account.

So for example:
Balance is 1000 USD, risk 1% = 10 USD. So R=10 USD. Let's also assume commission is 1 pip.
Now, in case of a SL 5, TP 5 trade. It's more like winning 4 and losing 6 because of commission.

You can do 2/pip with SL 4 and TP 6 for 1:1 RR
OR
What I think you would do is go in with 1.7/pip SL 5. and in this case you risk 1R. Then, TP 5 is 0.7R and TP 7 is 1R, correct?

Sorry if its a stupid question, just trying to understand.


Also,
If you could trade currencies 2 times a day, each time 3 hours. At what times exactly would you sit in front of the charts?


Tnx in advance,
J
  • #225
  • Oct 17, 2016 8:52am Oct 17, 2016 8:52am
Clean breaks on XCADs missed all of them darn.
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  • #226
  • Oct 17, 2016 8:56am Oct 17, 2016 8:56am
Quoting Jenl
Thanks for answering, the bottom trend line at GU was from m5, but never mind. Also, could you clarify something for me? How do you calculate R concerning commission? I understand that you calculate R by risk % to account. So for example: Balance is 1000 USD, risk 1% = 10 USD. So R=10 USD. Let's also assume commission is 1 pip. Now, in case of a SL 5, TP 5 trade. It's more like winning 4 and losing 6 because of commission. You can do 2/pip with SL 4 and TP 6 for 1:1 RR OR What I think you would do is go in with 1.7/pip SL 5. and in this case you...
No thats fine your question is on the point. I have pointed it on previous post, the maximum commision per trade should be 25% of your whole TP. So if your TP is 5 pips paying 1 pip on commision is okay. Obviously if you can get rid of that 1 pip it will have significant positive add on the end, but it wouldnt ruin you of being profitable. The lower the % of commision in regards to TP size the better it will be on the end result.
Thankfully every single year the costs on scalping are going down and in few years we should be able to scalp on much lower cost. Tradeovate is currently broker that allows nearly 0 cost on scalping, however i seriously dislike their trading platform which is main reason why i do not use them. But non the less near 0 cost scalping is comming its just matter of time as the market and competition grows.
  • #227
  • Oct 17, 2016 9:08am Oct 17, 2016 9:08am
Gold in
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  • #228
  • Oct 17, 2016 9:16am Oct 17, 2016 9:16am
Quoting janpec1000
Clean breaks on XCADs missed all of them darn. {image}
I missed too....
  • #229
  • Oct 17, 2016 9:23am Oct 17, 2016 9:23am
Quoting janpec1000
Gold in {image}
Gold TPed +2R (aprox)

Now EA in nice flip setup.
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  • #230
  • Oct 17, 2016 9:27am Oct 17, 2016 9:27am
Just catched this one. Did you see it?

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It is a good day. I had 7 trades and 5 reached TP.


cheers
TONI
  • #231
  • Oct 17, 2016 9:39am Oct 17, 2016 9:39am
Quoting forexdaist
Just catched this one. Did you see it? {image} It is a good day. I had 7 trades and 5 reached TP. cheers TONI
Nice one, nope didnt catch this one, i usually trade EA instead of GA due to lower spread, they usually move very similar.

UCAD long now. EA was stoped -0.2 R.
  • #232
  • Oct 17, 2016 9:52am Oct 17, 2016 9:52am
Quoting janpec1000
{quote} Nice one, nope didnt catch this one, i usually trade EA instead of GA due to lower spread, they usually move very similar. UCAD long now. EA was stoped -0.2 R.
UCAD TPED +1R, in CADJPY now.
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ECAD lets see if it confirms for entry. It might be quite corelated to CADJ not sure if ill enter.
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  • #233
  • Oct 17, 2016 10:10am Oct 17, 2016 10:10am
Quoting janpec1000
{quote} UCAD TPED +1R, in CADJPY now. {image} ECAD lets see if it confirms for entry. It might be quite corelated to CADJ not sure if ill enter. {image}
CADJPY -0.3R, In GJ now. SL not yet adjusted.
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Caught 2R on LXU.
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Had GCAD on hair trigger to put long on retrace, but got disctracted by XCADs...
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  • #234
  • Oct 17, 2016 11:22am Oct 17, 2016 11:22am
Quoting Chake
{quote} you can, see right bottom of post.
oh yeah so you can.. not very clear!. thanks
  • #235
  • Oct 17, 2016 2:11pm Oct 17, 2016 2:11pm
Alright done for today +4%. Lets see what it gets tomorrow.
  • #236
  • Oct 18, 2016 2:58am Oct 18, 2016 2:58am
Low volatility breakout setup today on DE30, but price didnt retrace enough so i didnt get in. 5R there.
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  • #237
  • Oct 19, 2016 9:08am Oct 19, 2016 9:08am
Stocks to track today:
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  • #238
  • Oct 19, 2016 10:12am Oct 19, 2016 10:12am
Quoting janpec1000
Stocks to track today: {image} {image} {image} {image}
3 alerts, 3 winners.
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  • #239
  • Edited 5:49am Oct 20, 2016 5:10am | Edited 5:49am
Tracking EA for possible short.

GJ aprox +1.5R
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  • #240
  • Oct 20, 2016 5:52am Oct 20, 2016 5:52am
Quoting janpec1000
Tracking EA for possible short. GJ aprox +1.5R {image} {image}
Mmm, we're looking at the same pair, different TF.
I won't be shorting this, uptrend still intact and DR1 seems to act as support for now.
On top of that, high impact EUR news coming up in less than an hour...

LuXing
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