Posted:
#451
My limit is off on the trade it had no legs over 141....will watch until I get tired
USD/JPY First Quarter
Posted:
#464
Quote Originally Posted by wallstreetcappers:
Too fast for me, I want bigger hits and less frequency.
Too fast for me, I want bigger hits and less frequency.
lol I hear you .. I have a fear of having a win and it turning into a loss. For some reason I never got over that fear .. Also things change so quick that if I see a pair hung up at a level, I can reverse course and go the other way on trade . I was in a losing position on the short of the AUD, and realized it quick, i knew I had to change directions fast . I would be in the hole for about 16 pips and rising .. I saw support hold on the 5 min and the 1 min and the pair had nowhere to go but up on the 1 hour , and 1 min .. This is something I do have in mind when I pull the trigger , and know to react quick to certain things that might happen or might not happen..
Posted:
#465
Quote Originally Posted by bucknuts:
Im riding this out still up 40..
Good stuff Knox
Im riding this out still up 40..
Good stuff Knox
turned out to be a bigger runner than I though.. It might look like I trade crosses , but I do take a trade because of a cross. I took that trade becasue it broke 102.450 and was now wedged in between all 3 emas on the 15 min.. If it popped back up it will have a tough time breaking 102.534 and 102.560
I see hard support @ 102.35 but if you can sweat it out there it can goto 102.037 .. good run ..
Posted:
#468
Quote Originally Posted by bucknuts:
I know you're keeping all your data from these trades have you done things such as figure up the # of trades you missed due to stops by x amount of pips or trades you closed early and took less when more pips could've been gained using those #s mentioned above?
Watching this process will help all of us..I love it!!
I know you're keeping all your data from these trades have you done things such as figure up the # of trades you missed due to stops by x amount of pips or trades you closed early and took less when more pips could've been gained using those #s mentioned above?
Watching this process will help all of us..I love it!!
On the next go round I will definitely keep track of that. Just anecdotally I can tell you the biggest two down sides to this method are leaving pips on the table, and getting stopped out before a big reversal.
For my trading style (as a gambler at heart) I have to say that this style is good because it forces you to take profits, (even if they aren't that high). The accumulation method (which I am thinking about calling it) is a grind, completely utilitarian and bland.
Rules rules rules.
Posted:
#469
Thats what i figured would be setbacks Rick..i gotta wonder too how many pips these pairs move on one of your confirms..is this something that would pay off using longer period charts or maybe even just watching certain pairs that are better movers..is there enough movement on a regular basis to move the risk/reward to higher levels?I have a tons of questions love watching this play out..can you take screenshots?
Been up 60 on my trade..now looks to be setting up for a cross lower on the 8hr and 4hr charts..gonna let this thing ride for a few more hrs i gotta stay up all night anyway hopefully it pays off...
Been up 60 on my trade..now looks to be setting up for a cross lower on the 8hr and 4hr charts..gonna let this thing ride for a few more hrs i gotta stay up all night anyway hopefully it pays off...
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