Short @ 1.3010
tp 1.28 with chance of lower.
Will add more if desired.
Lets see how this goes
Short @ 1.3010
tp 1.28 with chance of lower.
Will add more if desired.
Lets see how this goes
I was going to make a point but I'll back off.
I will provide the following for your consideration:
1) If you are risking 1000 pips....you do have a SL, albeit an arbitrary one.
2) I have always found the MARKET is a much better indior (and provides clues) about where to position a SL, as opposed to a fixed amount of any amount....dollars, pips, whatever. A very smart man once said that a good spot for a SL are the place I'd like to enter from the other direction.
3) It will take a very long time to go bust if you merely risk 2% per transaction. With a goal and a market decided SL; you are in control, not the whims of Mr Market. Then (and this was my point); 10 pips, 100 pips, or 400 pips risked; they're the same using a fixed percent risk per transaction, a SL, and a goal. Just ensure your r:r is in line.
Only some stuff to consider if you desire.
Now I'll fade back into the woodwork
Good Luck.
1)The maximum I risk on a position is 1000 pips out of my first entry. This will be 1000-2000 $ with this one position independently and ammounts to 3-6 % of my equity. I do however incorporate a few places to a trade so that I may be down more than 1000 if there are lots of positions open.
So... I cant tell you just how far I risk. . It varies from trade to trade.
I believe I've reached -20 , -25 % one time... sweated a bit but it worked out. Right now I am down about 1700 pips in my Cad/Jpy trade.
2) No one answer here too. I do trade for 1-30 pips , these are fast trades... in and out, usualy 10-20 $ a pip. I am thinking of posting these transactions also however it's really hard to post in trade and time. . Will try from now on.
Cheers
Howdy!
I am really interested in trying to learn your own methods. But I am confused about a few things:
1) What % of your account do you risk on each transaction?
2) On which commerce do you make more money; a 20 pip commerce or a 200 pip trade?
I am being curious here. Your replies will tell me considerably. I look forward to them!
Razor,
Dont just yet... Each of the trades I've closed so far since starting this thread've amounted to 1981 pips.
I am currently down on Cad/Jpy - 1730 pips. Wasnt hoping to hold with this long... we have a nice up movement to 86.50 area and I might have exited at BE or at small profit but I didnt... I am setting hard cease (Final now) at 81.00- that ought to give me a entire loss of 2330 pips if hit...
Regarding exits and proportions, I will post a response soon.
I am seeking to enter some more trades today and I want to concentrate.
Thats all well and good, the returns took a while to manifest but remember the number of your rules you broke. If you stuck to your original plan to cut the trade at your initial degree then you wouldnt be boasting. The ribbon is call 100% price forecast but that allows plenty of space I guess to violate you own rules. Oh and by the way your targets havent been hit yet, you've just canned trades early. I must ask you why this is.... If you believe you are that.
So yes I still doubt you, trades on the GBP/CAD along with the CAD/JPY and also the above EUR/CHF haven't hit your 'predicted levels' but I guess with all the achievement of merely getting 'pips' that I'm to be in your presence.
Issue though. If your initial risk is set by a 1000 pip SL and you take greater than 1000 pip wins exactly what percent do you profit when you shut trades. You may wonder what I am getting at but please reply as fair as you will...
Quote:
Originally Posted by https://www.cliqforex.com/general-fo...ews-today.html
Long EurChf @ 1.3580
Tp 1.38
Wonder if I might have to add...
Hope not.
Closed three positions @ 1.3630
profit is: 1.3580 : 50 pips
1.3420 : 210 pips
1.3265 : 365 pips
------------
625 Pips
Come on men continue to doubt me.
You must be getting close to 400 pips underwater on your own CADJPY trade, still feel that scaling into massive losers is the thing to do? So you could get lucky on a trade here and there, even a blind squirrel can find an acorn every once in a while, but this is no sustainable egy.
Just a lot of entertainment for those noobs, that's all it is. Am off again, got some money to create.
Closed @ 1.2570 for 70 pips
I see a chance of up before down to 1.24. Chose to be mindful. If it goes back up I will look to brief again.
Quote:
Originally Posted by https://www.cliqforex.com/general-fo...em-indior.html
Brief 1.5550
Tp 1.53
closed both trades @ 1.5440
Complete for this Place: Brief 1.5550 110 pips
Brief 1.58 360 pips
--------------------
470 pips
Price target was 1.53 and is... havent yet Ripped any trades this month, and so I wanted something im my pocket. I see it moving further down.
Does any body have opinions ? Maybe Cloggie