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  • #3,841
  • May 25, 2017 6:48am May 25, 2017 6:48am
Quoting faatkumo
USDCAD, NZDUSD anyone?
Audusd & nzdusd both turned to hit SLs
wiped out all my 4am work Pretty bummed about this.
  • #3,842
  • May 25, 2017 7:55am May 25, 2017 7:55am
Quoting faatkumo
{quote} Audusd & nzdusd both turned to hit SLs wiped out all my 4am work Pretty bummed about this.
I'm feeling some of your pain, last week I was on fire, this week I'm at break even and it's both frustrating and encouraging watching hal7 destroy it.
Wow! I've got some experience to gain.
  • #3,843
  • May 25, 2017 8:22am May 25, 2017 8:22am
Quoting Lawnman
{quote} I'm feeling some of your pain, last week I was on fire, this week I'm at break even and it's both frustrating and encouraging watching hal7 destroy it.

Yeah he definitely i encouraging.
I just hope there are more green than red in the long term
  • #3,844
  • May 25, 2017 8:24am May 25, 2017 8:24am
I did manage to catch these a bit later on though:
USDCAD
GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 262 KB
  • #3,845
  • May 25, 2017 8:31am May 25, 2017 8:31am
Won 5 Trades
Lost 2 Trades for the day.
Came out alive but it seems it broke even because of broker fees and variations of SL's from current price.

I'm using a 3 Pip above/below Hi/Low as an SL; however price can be close or far from that SL, so some trades overall would be 5pip SL or even sometimes 12pip SL
The R:R really gets screwy with this in my eyes, even though the percentages of wins to losses with this 1-2-3 system have a great edge.
Anyone have a good idea to balance each trade to the same Risk Dollar/Percentage amount as it is in relation to these SL's?

Like if i wanted to risk $50 per trade, how do i consistently do that? based upon the various differences between current price and SL?

This is killing me!
  • #3,846
  • May 25, 2017 11:55am May 25, 2017 11:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 52517123ca2.png Size: 17 KB

I love trades like this. I got in this CA northbound nearly 12 hrs ago. +72 pips later I forgot to put my trailing stop on this one which probably explains why it got to +72. I just put a 60 trailer on it to see how far it may go. Often traders will fade these moves as the day draw to a close and often you can get some pips on the way back. But I have also seen some of these pause and then take off again in Tokyo and beyond.
  • #3,847
  • May 25, 2017 1:38pm May 25, 2017 1:38pm
Quoting hal7
{image} I love trades like this. I got in this CA northbound nearly 12 hrs ago. +72 pips later I forgot to put my trailing stop on this one which probably explains why it got to +72. I just put a 60 trailer on it to see how far it may go. Often traders will fade these moves as the day draw to a close and often you can get some pips on the way back. But I have also seen some of these pause and then take off again in Tokyo and beyond.
Awsome!
  • #3,848
  • May 25, 2017 1:39pm May 25, 2017 1:39pm
Quoting faatkumo
Won 5 Trades Lost 2 Trades for the day. Came out alive but it seems it broke even because of broker fees and variations of SL's from current price. I'm using a 3 Pip above/below Hi/Low as an SL; however price can be close or far from that SL, so some trades overall would be 5pip SL or even sometimes 12pip SL The R:R really gets screwy with this in my eyes, even though the percentages of wins to losses with this 1-2-3 system have a great edge. Anyone have a good idea to balance each trade to the same Risk Dollar/Percentage amount as it is in relation...

Anyone?
  • #3,849
  • May 25, 2017 2:10pm May 25, 2017 2:10pm
Quoting faatkumo
Won 5 Trades Lost 2 Trades for the day. Came out alive but it seems it broke even because of broker fees and variations of SL's from current price. I'm using a 3 Pip above/below Hi/Low as an SL; however price can be close or far from that SL, so some trades overall would be 5pip SL or even sometimes 12pip SL The R:R really gets screwy with this in my eyes, even though the percentages of wins to losses with this 1-2-3 system have a great edge. Anyone have a good idea to balance each trade to the same Risk Dollar/Percentage amount as it is in relation...
Hi FK. Again, it's possible to use a trade manager set for you required max dollar risk. You then set the pip sl and the manager sets your lot size. Would that work for you?
  • #3,850
  • May 25, 2017 2:16pm May 25, 2017 2:16pm
Quoting faatkumo
{quote} Audusd & nzdusd both turned to hit SLs wiped out all my 4am work Pretty bummed about this.
Have you been keeping a trade-journal? If so, I think you've been running with this long enough to begin to see if there are any pairs that are consistently performing better or worse for you.

Once you start to see these and begin to breathe their moves, then you will feel more confident and able to spread your daily risk over less trades, so increasing your profits.

There's a lot of legwork involved in trading for a living. Don't look at it as an inconvenience but as a chance to increase your knowledge base.

Knowledge is power, guys. Embrace it.
  • #3,851
  • May 25, 2017 2:18pm May 25, 2017 2:18pm
Quoting lemercenaire
{quote} Hi FK. Again, it's possible to use a trade manager set for you required max dollar risk. You then set the pip sl and the manager sets your lot size. Would that work for you?

YES! i could've have said it better lol
how do i make this happen? I did search the tech platform like you mentioned to lawnman. cavemanager, and others but didn't find the appropriate one.
Can you nudge me towards one that does exactly what you said?
  • #3,852
  • May 25, 2017 2:34pm May 25, 2017 2:34pm
Quoting faatkumo
{quote} YES! i could've have said it better lol how do i make this happen? I did search the tech platform like you mentioned to lawnman. cavemanager, and others but didn't find the appropriate one. Can you nudge me towards one that does exactly what you said?
Sorry, I'm not being deliberately evasive. I use a spread-betting broker here in the UK and this is their standard way of entering and running trades.

However I have definitely come across a couple of these for MT4 in FF but where exactly is a bit vague, memory-wise. I do have a folder containing what seems like 10-million indicators from over the years and I will try and have a look over the weekend and see if I have something in there, or if I can remember where I saw those other ones I mentioned.
  • #3,853
  • May 25, 2017 3:21pm May 25, 2017 3:21pm
Quoting lemercenaire
{quote} Sorry, I'm not being deliberately evasive. I use a spread-betting broker here in the UK and this is their standard way of entering and running trades. However I have definitely come across a couple of these for MT4 in FF but where exactly is a bit vague, memory-wise. I do have a folder containing what seems like 10-million indicators from over the years and I will try and have a look over the weekend and see if I have something in there, or if I can remember where I saw those other ones I mentioned.

Thank you thank you.
i believe this maybe the final piece to my puzzle and others as well possibly.
  • #3,854
  • May 26, 2017 12:42am May 26, 2017 12:42am
gm guys
happy friday
  • #3,855
  • May 26, 2017 12:53am May 26, 2017 12:53am
Quoting faatkumo
gm guys happy friday
I don't normally trade Fridays much (if at all). If I do, I'll run the morning of the UK session and possibly the US Open absolute maximum.

Things can get funky on Fridays.
  • #3,856
  • May 26, 2017 12:57am May 26, 2017 12:57am
Still in my UJ short from yesterday +63 with a 20 trailer on. My CA has been trimmed to +42 but hanging in.
  • #3,857
  • May 26, 2017 1:12am May 26, 2017 1:12am
USDCAD win
EURUSD loss
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 286 KB
  • #3,858
  • May 26, 2017 1:17am May 26, 2017 1:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 52617123ca.png Size: 17 KB

Took this CA again long but this time just took +5 and closed out as I am still in the other active trade from yesterday as you can see the arrow So I am still CA +51 JY +71
  • #3,859
  • May 26, 2017 1:26am May 26, 2017 1:26am
Quoting lemercenaire
{quote} I don't normally trade Fridays much (if at all). If I do, I'll run the morning of the UK session and possibly the US Open absolute maximum. Things can get funky on Fridays.
EURUSD sure did!
  • #3,860
  • May 26, 2017 1:58am May 26, 2017 1:58am
Quoting faatkumo
{quote} EURUSD sure did!
Remember the G7 meetings have just kicked off (and the USD is red at the US Open) and so any comments coming out of there will move the markets.
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