short kiwi - 13 pip stop
took it out, too much farting around
took it out, too much farting around
Trading is as simple as 1-2-3
- #2,842
- Mar 29, 2017 7:15am Mar 29, 2017 7:15am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Took this EG long +6 profit locked.
- #2,845
- Mar 29, 2017 7:41am Mar 29, 2017 7:41am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
think i may have to stick to trading a fixed lot size for the max pips im willing to risk as opposed to dialing in 1% of my equity in each stop. the uneven RR is killing me. as opposed to taking some small losers and bigger ones here n there, I'm losing 1% each time and barely taking 2R on each trade so I'm just wobbling up and down when the win rate drops. what do you think hal? is this how i can avoid that. using fixed lot size it will be more about how many pips won versus lost as opposed to how much reward per risk and percent of trades won
- #2,846
- Mar 29, 2017 7:44am Mar 29, 2017 7:44am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
EG is rolling now +30. I think I will retire for the day and watch my profits grow from a distance...
good trading...
good trading...
{quote} Well theoretically speaking you are asking the right guy, as I do have an MBA in Investment Finance. But on practical matters such as this, trade management and sizing is a personal choice and somewhat of a art form. Best to ask the real experts. I would recommend TooSlow or Lem.
- #2,849
- Mar 29, 2017 9:25am Mar 29, 2017 9:25am
- Joined Mar 2012 | Status: Trader | 14,314 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #2,852
- Mar 29, 2017 1:13pm Mar 29, 2017 1:13pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Pretty stoked to have got in on one 1-2-3 all day and had it turn out like this...
OK, I wasn't around to jump on for the trip back up but hey, more than happy.
OK, I wasn't around to jump on for the trip back up but hey, more than happy.
- #2,853
- Mar 30, 2017 3:01am Mar 30, 2017 3:01am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
On any other market, this would be setting up to give us a potential long trade - here though, is it more likely to be a continuation down of the original overnight short? Will be interesting to see how it goes, as I am still absorbing as much information as I can on these markets.
- #2,854
- Mar 30, 2017 3:03am Mar 30, 2017 3:03am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
This plays better...
- #2,855
- Mar 30, 2017 3:06am Mar 30, 2017 3:06am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
EJ's another potential set-up but maybe has a bit more to go southwards before any turn (check the H4 chart)...
- #2,856
- Mar 30, 2017 4:09am Mar 30, 2017 4:09am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Took a hit on this GU last hour but got back in the saddle. Profit locked at +5, now +10.
- #2,857
- Mar 30, 2017 4:15am Mar 30, 2017 4:15am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
EJ's another potential set-up but maybe has a bit more to go southwards before any turn (check the H4 chart)... {image}
- #2,858
- Mar 30, 2017 4:16am Mar 30, 2017 4:16am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
This plays better... {image}
- #2,859
- Mar 30, 2017 4:18am Mar 30, 2017 4:18am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
On any other market, this would be setting up to give us a potential long trade - here though, is it more likely to be a continuation down of the original overnight short? Will be interesting to see how it goes, as I am still absorbing as much information as I can on these markets. {image}
Took a hit on this GU last hour but got back in the saddle. Profit locked at +5, now +10.
