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Highest Open / Lowest Open Trade

  • #10,981
  • Mar 23, 2017 3:51pm Mar 23, 2017 3:51pm
Trade #10
-11.4 pips
USDCAD
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  • #10,982
  • Mar 23, 2017 4:52pm Mar 23, 2017 4:52pm
Quoting BroX
Trade #10 -11.4 pips USDCAD {image}
Why are you not taking pips when you can?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10,983
  • Mar 23, 2017 4:58pm Mar 23, 2017 4:58pm
Quoting TooSlow
{quote} Why are you not taking pips when you can?
Cant understand what you mean
  • #10,984
  • Mar 23, 2017 5:05pm Mar 23, 2017 5:05pm
Quoting BroX
{quote} Cant understand what you mean
Your not managing the trade by the looks of it. Can't tell for sure but ur chart looks like the market gave you BE+5 so your next two decisions should have been either take half off or however much you like or put the full size at be+1 so you wouldn't have taken a loss in this situation
  • #10,985
  • Mar 23, 2017 5:24pm Mar 23, 2017 5:24pm
Quoting BroX
Trade #9 Be+1 Risk - 11 pips , profit - 1 pip.... USDCAD {image}
There's that Price-Action again...

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  • #10,986
  • Mar 23, 2017 5:25pm Mar 23, 2017 5:25pm
Quoting Piphunter00
{quote} Your not managing the trade by the looks of it. Can't tell for sure but ur chart looks like the market gave you BE+5 so your next two decisions should have been either take half off or however much you like or put the full size at be+1 so you wouldn't have taken a loss in this situation
Look at arrow. Its where market gave opportunity to enter. Rectangle is our area of interest. When i entered, market went against me without offering BE+5
  • #10,987
  • Mar 23, 2017 5:29pm Mar 23, 2017 5:29pm
Quoting BroX
Trade #10 -11.4 pips USDCAD {image}
...and again...

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  • #10,988
  • Mar 23, 2017 5:29pm Mar 23, 2017 5:29pm
Quoting lemercenaire
{quote} There's that Price-Action again... {image}
I thought we dont use trend lines
It looks like compression
  • #10,989
  • Mar 23, 2017 5:36pm Mar 23, 2017 5:36pm
Quoting BroX
{quote} I thought we dont use trend lines
I'm only using it to show the price action you're getting. That is higher lows, one after the other. The likelihood of a drop down is not great. Yes, it does happen once the compression becomes extreme and if you are really determined to enter, then by all means do so but be prepared to bank a large percentage really early. Letting the rest run will leave you enough to take advantage if price did drop but not kill your profit if it simply continues to climb.

This is the kind of information we were talking about through the last few days which can help you decide which of a number of potential trade set-ups is more or less likely of success when all else seems to fit the bill (ie when all the base rules are met).

I'm not getting at you, you followed all the rules (didn't you?) but this just wouldn't be a set-up I'd be happy taking.
  • #10,990
  • Mar 24, 2017 2:29am Mar 24, 2017 2:29am
morning peoples. wasn't able to be at my screen so missed that nice holo on the pound yday! hopefully we get one today. cables been the least productive for the HOLO trades this week out of most pairs what a shame lol USDCAD been giving up some good trades but cant bend the challenge rules
  • #10,991
  • Mar 24, 2017 2:39am Mar 24, 2017 2:39am
Quoting BroX
{quote} Look at arrow. Its where market gave opportunity to enter. Rectangle is our area of interest. When i entered, market went against me without offering BE+5
my bad, couldn't properly tell it looked like it came close though! just one of those situations eh
  • #10,992
  • Mar 24, 2017 3:36am Mar 24, 2017 3:36am
Quoting lemercenaire
{quote}.
whatsup L, I have a question that I'm yet to run into a problem with because I'm in the 10 trade challenge but when trading normally, how do you go about managing your risk on entry? do you just trade a fixed lot size per a certain amount of £ or do you use a fixed % and vary your position size depending on stop. I'm used to trading with the latter method, but jus eyeing the charts and certain setups throughout the week a lot of the trades would be a nightmare for me to get my lot sizes calculated in time. any insights? ive been trying to find a indi that kind of handles all of that and shows you your value per pip etc but not had any joy so far
  • #10,993
  • Mar 24, 2017 3:58am Mar 24, 2017 3:58am
Quoting Piphunter00
{quote} whatsup L, I have a question that I'm yet to run into a problem with because I'm in the 10 trade challenge but when trading normally, how do you go about managing your risk on entry? do you just trade a fixed lot size per a certain amount of or do you use a fixed % and vary your position size depending on stop. I'm used to trading with the latter method, but jus eyeing the charts and certain setups throughout the week a lot of the trades would be a nightmare for me to get my lot sizes calculated in time. any insights? ive been trying to...
You are completely right in your thoughts with this. Your preferred method is an absolute nightmare to use here, I'm afraid - I have tried, it drives you nuts.

So, to cut a long story short, on HOLO I run a fixed lot size. I also never have stops of any more than around 15 - 17 pips, max.
  • #10,994
  • Mar 24, 2017 4:22am Mar 24, 2017 4:22am
2. trade HOLO challenge...+2 pips only
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  • #10,995
  • Mar 24, 2017 4:44am Mar 24, 2017 4:44am
My long "long" position on EURGBP from yesterday evening which I left and must go out and sleep. I was ready for SL and set up TP
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"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #10,996
  • Mar 24, 2017 5:02am Mar 24, 2017 5:02am
First loss . 5 W/ 1L
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"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #10,997
  • Mar 24, 2017 5:14am Mar 24, 2017 5:14am
Quoting Panisko
First loss . 5 W/ 1L {image}
EU can go higher...because at 1.0829 are institucional SL
  • #10,998
  • Mar 24, 2017 5:35am Mar 24, 2017 5:35am
Quoting crmfx
{quote} EU can go higher...because at 1.0829 are institucional SL
Can You tell me more about it ? why or where you know it ?
"The essence of Discipline is that there are no exceptions" - Jack Schwager
  • #10,999
  • Mar 24, 2017 6:04am Mar 24, 2017 6:04am
Quoting Panisko
{quote} Can You tell me more about it ? why or where you know it ?
i have information about that....nothing more....this SL, if the price will go there could go higher due SL.
  • #11,000
  • Mar 24, 2017 6:27am Mar 24, 2017 6:27am
Quoting Panisko
First loss . 5 W/ 1L {image}
You're entry was late?
Reread Post #1
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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