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Re: Forex Trading - Season 15 by Gorimakpa1: 4:10pm On Jun 30, 2015 |
frenchman2:due to demand and supply for currency, price tends to return back to price it was back and forth ad "infinitum" whether there is GAP or no GAP. |
Re: Forex Trading - Season 15 by Shevychen2: 4:11pm On Jun 30, 2015 |
raycolz84: Yea looks like it.. Una well done. |
Re: Forex Trading - Season 15 by Capitals: 4:12pm On Jun 30, 2015 |
pocoapoco88: Like the way your ended you point of view, 'different strokes for different folks', 1:3, 1;5, 1;10 are all possible but may be difficult while day trading currencies. Honestly got three trades going, but append 2 that show its achievable consistently. but the truth is these set ups rarely popup for me. My 2 cents...... From the parable of the sower (Bible), some seeds (trades) need to yield 30, 60 and 100 folds alongside the seeds (trades) thats spring up fast but are choked by the weeds (1;1.5) and the others that spring up fast but lack dept (1:1). That was for shevychen, felt like I was telling of myself when I read through were you are on the learning curve (we are all learners)
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Re: Forex Trading - Season 15 by Shevychen2: 4:16pm On Jun 30, 2015 |
Capitals: Not quite sure I get you but well done sir. At the end of the day a positive and sustainable account balance is all that matters not any particular theory. |
Re: Forex Trading - Season 15 by Nobody: 4:31pm On Jun 30, 2015 |
Capitals: Wow!!! Never really saw it that way, that is profound. Will remember that always. 1 Like |
Re: Forex Trading - Season 15 by Nobody: 4:34pm On Jun 30, 2015 |
raycolz84: No fall my hand o, that nucca must reach 188.xx and you better be present all the way. No getting off the bus on the way 1 Like |
Re: Forex Trading - Season 15 by Capitals: 4:45pm On Jun 30, 2015 |
naijababe: Honestly, I was hoping shevy would get it. but if what he said about his trading pattern is true, then I m confident it will eventually make sense to him. cos I did the exact same thing he said he does and still do it. If I m right about what you think you said, you wont lose money (I hope so) but you ll discover how to get more. and yes, daily and weekly is what I do. disregard that the chart I posted was a 4hr chart, wasnt even thinking of the 4hr time frame when I took those positions. Madam naijababe was spot on when she pointed the weeklies and dailies to you, I also look at the monthlies. |
Re: Forex Trading - Season 15 by pocoapoco88: 4:58pm On Jun 30, 2015 |
Capitals:do u know i can achieve a 1:3 ROI wit even much ease dan som1 who goes 4 a conventional 1:3 trade adjusting stoplossess here and there.dis simply how i'll do it.if i won my 1st 1:1 trade,i'll compound it all 2 d nxt trade and if i win i'll hav my 1:3 ROI.dis is a powerful MM strategy but only dose who undstand d power of compounding wud regard dis.all d same if ur strategy kips u in profit @ d end of ur stipulated period pls stick 2 it coz profit is all dat matters |
Re: Forex Trading - Season 15 by raycolz84: 5:01pm On Jun 30, 2015 |
naijababe: Hehehehh I dey with u gidigba But I go leave you for 190.5x, make E no be like say I go wan chop too much |
Re: Forex Trading - Season 15 by Shevychen2: 5:01pm On Jun 30, 2015 |
@ Capitals I get it now.. Didn't know the parable was meant for me.. Well like Endfx said, we all have different trading temperaments. I can't sleep with my two eyes closed knowing my trades are running. This is why I prefer to enter and close daily. Knowing fully well that the daily pip range of the pairs I trade barring any day of major shakes is circa 150-200 pips, it made sense for me to be taking off at 1:1.. When I began this style, I left TP open. After a month I analysed my personal journal and saw that although I made a decent return for the month, it would improve greatly if I didn't allow too many trades to hit BE after going over 100pips or closing at 30-40 pips. I used an excel to run a few things during the making of this decision and I found out that a system with at least 70% accuracy used with 1:1 RR can leave you very comfortable each year. In the past 3 months I have done exactly that and the results have been lovely. I may make more if I change the R:R like you said but I am not cut out for holding trades overnight or for days. I always tamper with it or else I would have moved to weekly. Anyone that can do so should by all means enjoy. 2 Likes |
Re: Forex Trading - Season 15 by Nobody: 5:04pm On Jun 30, 2015 |
raycolz84: Perhaps, 190.74 is last month's high so you may be right. I go dey watch that level be that |
Re: Forex Trading - Season 15 by dorodee(m): 5:18pm On Jun 30, 2015 |
Re: Forex Trading - Season 15 by Shevychen2: 5:37pm On Jun 30, 2015 |
dorodee: You are welcome sir.. Anyone interested in the spreadsheet I mentioned earlier should go here for instructions and download. Only works for $200 balance and above though and you must be able to know how to represent worst case scenario using your one month trade stats for it to make sense. http://forums.babypips.com/newbie-island/20383-huskys-money-management-compounding-tool.html |
Re: Forex Trading - Season 15 by Karlebolu(m): 6:02pm On Jun 30, 2015 |
Could there be any Fundamental, Technical or Sentimental resons(s) as to why GPD/USD refuses to move? |
Re: Forex Trading - Season 15 by Capitals: 6:23pm On Jun 30, 2015 |
Shevychen2:Brilliant, The average daily range is also an integral part of my strategy, but I pegged it at 100-120pts. Two people can indeed see the same thing differently and both will be right. The beauty of this business we have chosen to invest our time in. |
Re: Forex Trading - Season 15 by infinityandzero: 6:25pm On Jun 30, 2015 |
just went long on the German Dax 30 [300 pips SL] T.P[ as the spirit leads]
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Re: Forex Trading - Season 15 by Capitals: 6:29pm On Jun 30, 2015 |
pocoapoco88: Yes sir, compounding is really powerful |
Re: Forex Trading - Season 15 by currentprice: 6:40pm On Jun 30, 2015 |
infinityandzero: welcome back Tom29,,,, i miss you |
Re: Forex Trading - Season 15 by infinityandzero: 6:43pm On Jun 30, 2015 |
currentprice:I'm not tom .. that buffoon would never use 300 pip SL |
Re: Forex Trading - Season 15 by Gorimakpa1: 6:47pm On Jun 30, 2015 |
infinityandzero:chai....This one is mighty |
Re: Forex Trading - Season 15 by fxbomovi: 6:47pm On Jun 30, 2015 |
infinityandzero:why call him a buffon |
Re: Forex Trading - Season 15 by Nobody: 6:47pm On Jun 30, 2015 |
infinityandzero: You may not agree with his methods but it is not reason to insult him. |
Re: Forex Trading - Season 15 by infinityandzero: 6:53pm On Jun 30, 2015 |
Re: Forex Trading - Season 15 by infinityandzero: 6:55pm On Jun 30, 2015 |
Gorimakpa1:the dax is extremely volatile, so large SL accompanies large volatility |
Re: Forex Trading - Season 15 by Nobody: 6:58pm On Jun 30, 2015 |
infinityandzero: Hmmm..........I guess my dictionary is wrong because it is definitely an insult 1. A clown; a jester: a court buffoon. 2. A person given to clowning and joking. 3. A ludicrous or bumbling person; a fool. 1 & 3 definitely insults in my books 2 Likes 1 Share |
Re: Forex Trading - Season 15 by infinityandzero: 7:00pm On Jun 30, 2015 |
naijababe:we all are aware that tom has always been the class clown. so my statement geared towards that direction. selah. |
Re: Forex Trading - Season 15 by infinityandzero: 7:08pm On Jun 30, 2015 |
infinityandzero:50 pips into profit already |
Re: Forex Trading - Season 15 by raycolz84: 7:11pm On Jun 30, 2015 |
currentprice: You must have a reason for calling this guy Tom29 Oya na enlighten us |
Re: Forex Trading - Season 15 by currentprice: 7:25pm On Jun 30, 2015 |
raycolz84: am wrong,,,he is not brother |
Re: Forex Trading - Season 15 by EmmanuelD1st(m): 7:49pm On Jun 30, 2015 |
Shevychen2:Saw something...and this post came to mind |
Re: Forex Trading - Season 15 by Nobody: 8:00pm On Jun 30, 2015 |
raycolz84: That son of a b1tch is not going down, red line is May's high, that's the third bounce near it this week. I am closing my short and going long. See you on the other side
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Re: Forex Trading - Season 15 by Cul4real(m): 8:38pm On Jun 30, 2015 |
Thanks to our professionals in the house for their advice when needed. PLS DO NOT HESITATE TO INTRODUCE TO ME ANY RELAIBLE AND AUTHENTIC FOREX MANAGER HERE IN NIGERIA. This become paramount important to me in other to avoid fourth times loss as am planning to make another deposit. Thanks. |
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