{quote} AJ Added in another 0.5 lots at the -1/8 MML. {image} If price drops down further to the -2/8 MML then I may add in a final 0.5 lots to the long side. Total of 1.5 lots per 10K is the most I will go on this current setup. Stops and TPs may be adjusted as trades progress. Masterrmind............
Murrey Math and Quantum Method
- #662
- Edited 5:21am Mar 28, 2017 4:21am | Edited 5:21am
- Joined Jun 2013 | Status: Trader | 1,006 Posts
- #663
- Mar 28, 2017 5:40am Mar 28, 2017 5:40am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} AJ Added in another 0.5 lots at the -1/8 MML. {image} If price drops down further to the -2/8 MML then I may add in a final 0.5 lots to the long side. Total of 1.5 lots per 10K is the most I will go on this current setup. Stops and TPs may be adjusted as trades progress. Masterrmind............
Closed 1 long out for +13.6 pips
Original long still in action.
Note 1: Closed out due to price finding in my opinion an area of consolidation and an unwillingness to keep driving higher so the idea is to take profit.
Note 2: Reason being that should AJ decide to turn and head south I will have gained some profit to offset any potential loss.
Note 3: If price continues to push higher then the result will be reduced DD on the current long trade and less profit had I kept the 2nd long active.
Note 4: If price does drop back down near the -1/8 MML then I'll look to go long again but also aware that price may hit the -2/8 MML.
Masterrmind............
Master your Mind then Master your Trades
- #664
- Mar 28, 2017 5:49am Mar 28, 2017 5:49am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Mastermind may I please ask for your reasoning behind basing everything off a 4hr 15min ?
Overlaid with the H4 looked good from an ADR point of view and the likelihood of hitting perhaps 1-2 MML levels for TP on the same day.
Apart from that it was simply a starting place.
I am yet to trade other MML settings however I will be trading say an M1/M5 TF (with P and MMP to be decided) for in the Asian session and looking to hit smaller but effective TPs (higher lots).
Masterrmind............
Master your Mind then Master your Trades
- #665
- Mar 28, 2017 5:53am Mar 28, 2017 5:53am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
- #666
- Mar 28, 2017 7:48am Mar 28, 2017 7:48am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} AJ Closed 1 long out for +13.6 pips {image} Original long still in action. Note 1: Closed out due to price finding in my opinion an area of consolidation and an unwillingness to keep driving higher so the idea is to take profit. Note 2: Reason being that should AJ decide to turn and head south I will have gained some profit to offset any potential loss. Note 3: If price continues to push higher then the result will be reduced DD on the current long trade and less profit had I kept the 2nd long active. Note 4: If price does drop back down...
Long again.
Masterrmind...........
Master your Mind then Master your Trades
- #669
- Mar 28, 2017 8:57am Mar 28, 2017 8:57am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} AJ Long again. Masterrmind...........
Another +24.9 pips on a long position.
Original long still in action.
Now with the 2nd profitable trade closed out it offers an even greater buffer to offset any potential loss from the current running trade.
Masterrmind............
Master your Mind then Master your Trades
- #670
- Mar 28, 2017 9:35am Mar 28, 2017 9:35am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} AJ Another +24.9 pips on a long position. {image} Original long still in action. Now with the 2nd profitable trade closed out it offers an even greater buffer to offset any potential loss from the current running trade. Masterrmind............
- #671
- Mar 28, 2017 9:46am Mar 28, 2017 9:46am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Plenty of room to milk it but be mindful to the left if it breaks ? {image}
But that's one good reason why I have my stop close to this level.
Do not want to be in a long below that level its potentially very nasty.
Big question is should I allow the 1 long trade to run while I sleep?
The answer to that question will perhaps be found in the TE later.
Masterrmind............
Master your Mind then Master your Trades
- #672
- Mar 28, 2017 10:08am Mar 28, 2017 10:08am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
- #673
- Mar 28, 2017 10:10am Mar 28, 2017 10:10am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} Yes if it drops under the 83.500 level I'd be concerned. But that's one good reason why I have my stop close to this level. Do not want to be in a long below that level its potentially very nasty. Big question is should I allow the 1 long trade to run while I sleep? The answer to that question will perhaps be found in the TE later. Masterrmind............
- #675
- Mar 28, 2017 10:13am Mar 28, 2017 10:13am
- | Membership Revoked | Joined Mar 2016 | 1,389 Posts
donīt follow me,you will loose your moneyy
