Averaging when already In the RED.... -
... 7 8 9

thread: Averaging when already In the RED....

  1. #81
    When I started respecting the risk involved and when I recognized the simplicity of this larger picture.

    Regards
    daytrading
    Ahh, I forget about the simple part, Nothing but my poor thoughts error which Im not a FT trader by now.

  2. #82
    Junior Member OxntisOxrina's Avatar
    17
    I construct the transaction in the same method of you personally, DayTrader, however in smaller TF, usually 15 minutes, and opening positions more nearer to each other.
    I open up to 10 positions, it is dependent upon when the price goes in my favor, always considering the R percent.
    In this way the risk is dispersed more positions with less lots, instead of on a larger one.

    Lubo.

  3. #83
    . . .way to proceed if you want to catch a trend.

    regards

  4. #84
    .. .way to proceed if you want to capture a fashion.

    Regards
    daytrading
    another large advantage I see Is that It reduces the chop issue that the 1 possition systems get hammered by.

  5. #85
    . .certainly - but don't be fooled, a commerce can nevertheless go belly up and when that happens, overall risk parameters have to be respected.

    regards

  6. #86
    ..certainly - but do not be fooled, a trade can still go belly up and when that occurs, overall risk parameters have to be respected.

    Regards
    daytrading
    Im going to believe With this alot more, Ive got work today and tomorrow so wont be able to exchange things and see how I go but Im going to put aside afew hours Sunday to exchange as many weeks as I can on Forex tester.

    I feel as though Im getting close to some Burn-out again though,. Maby I need a forum/forex break, come back and see better type of item.

    Thank you for your input on the ribbon DT.

    Leon

  7. #87
    My enjoyment, Leon -

    Try to not answer too many questions at once. Rather pick topics that are relevant to each other (for example tendencies and time frames) and build up your knowledge.

    regards

  8. #88
    I do moderate down last time, doubled my account after 2 months, play with 5 minutes charts,making over 500 rankings in that 2 months, with no single drop.
    Then the moon turns blue, before I know what hit me...

  9. #89
    Yes, I can confirm that averaging into a commerce will make you money. I use a egy I exchange on the 1 H period frrame. I attempt to buy the market in the direction of the 4H and I average in my positions at key levels.

    I do use stops, based on the pair I'm trading I will use 100 or 200 point stops. Big ceases, but all of my risk is figured per point so I never risk more than 3% over the comprehensive trade.

    I then average from the more the market goes contrary to my first position, so originally I start 1 contract, at the second level I add yet another 2 contracts then finally 3. My stop is at exactly the same point in connection to my very first entrance, so as I add more my cease gets smaller.

    Once the market turns round I usually take my profit at the close of the final swing based on the direction I was trading. This normally gives me 75% winning trades. The winners will sting a little, but the large percentage of winners then cover up the losses.

    I use trend lines tide counting and pivots to exchange off.

    Good luck

  •