Yes Mideel sorry about that I was supposed to say at one time 
I didn’t say or mean to say open a couple of positions with 3% risk on all of them, that’s suicide!
I’ve edited my post and I hope my message comes across the way I intended.
Thank you.
Hey,
I’m not Dudest, obviously. But I’m sure, he is going to say that he needs a huge momentum on his side aka huge candle/price action that sticks out and is capable to reverse the recent momentum whatever it was. And of course a key level to play from - it’s a MUST.
Richard
Hallo peeps,
I’m not going to be able to be in here much the next few weeks, got a bunch of things to sort out on the other side of life (family + work).
Keep up the great work all!, and many great trades to you this month!
Cheers!
I wanted to throw my 2 cents in about it. I’m not yet an FSO member, but I am sure Johnathon offers in depth articles about these topics. So what I am about to say is just purely from my experience and knowledge of statistical mathematics.
There are 2 routes to take, the cookie cutter route or the tailored route. If you are fairly new to trading or don’t want to wrack your brain with the math of it, a safe route is 1 - 3% risk per trade. If you have been trading for a while and want to put some statistical math to it, you can tailor it to fit your trading results.
Your risk should be a function of your win/loss percent and your risk-reward. Your win loss represents the average of how many winners over losers you will have over a given amount of time. Where as Risk:Reward represents the recovery power of your winners to your losers. Once you have traded enough without changing your rules or method, you can get a really good statistical average of your win rate and your RR. You can look at the standard deviation of your % risk given a win rate and RR to figure statistically the biggest bang for your buck without getting too risky. For example, If someone has a win rate of 75% and averages a 1:2 risk reward and are only risking 2% of their account per trade, they are cheating themselves out of profits. But the short and easy answer is that the % risk is different for everyone, it’s not a one shoe fits all thing.
Regarding risk at 1 time, it seems to me if the pairs aren’t correlated in any way then it doesn’t matter. It shouldn’t matter if they all happen to be taken on the same day or all on different days. The results mathematically will be the same. If they are all correlated then you just doubled your risk and that is a really bad thing.
Hi:
Here my positions for the begging of the week.
Any comments will be welcome.
Have a profitable week.
[QUOTE=“mselva;525632”]Hi:
Here my positions for the begging of the week.
Any comments will be welcome.
Have a profitable week.
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>[/QUOTE]
Do you have open trades in all of these?
Hey, here is my opinion on your trades, EURUSD, looks valid to me, but what puts me off it is the size of previous bars compared to the pin, same with USDCHF.
EURAUD, I am not sure it has formed at a good level? It could fall a good bit yet, but hey, I am no pro, just my opinion 
Hi Krugman:
Yes. I know I’m over-trading but I’m learning, so, I am opening position that I think it can help me to understand PA.
Thanks.
Thank you ADAMJN. Good point about the previous candles before PB in EURUSD & USDCHF. I didn’t see that.
[QUOTE=“mselva;525641”]Hi Krugman:
Yes. I know I’m over-trading but I’m learning, so, I am opening position that I think it can help me to understand PA.
Thanks.
[/QUOTE]
The first step to fixing a problem is admitting you have one. At least you know, haha. Part of understanding PA is knowing what PA signals have a high chance of success and what ones do not.
Also many of your pairs are correlated, so for all of the correlated pairs, like the 4 euro pairs, I hope you split your risk or else you have quadrupled your risk.
[QUOTE=“mselva;525632”]Hi:
Here my positions for the begging of the week.
Any comments will be welcome.
Have a profitable week.
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>
<img src=“301 Moved Permanently”/>[/QUOTE]
Only one in your charts that looks attractive is the EURCAD. Nice pinbar off of near term support with the trend.
Hi Krugman and Msleva .
Hope you all had a good weekend.
The charts posted have a major problem ;
BUSY BUSY…zigzag!!!
Are you sure you are in the right thread?
Sorry for being so blunt, but I hope my comment will make you realize
that although you have the right mindset you lack to adhere to PA rules
adopted from Johnathon Fox.
Check the main things on your pairs first before you consider a setup which are;
Determining trend/range/counter trade
Mark recent Levels Resistance/Support
Now you can go looking for price action if price is at any of your marked levels.
Hope that helps, and good luck
ps; please do not be bothered by criticisms, It will harden your trading foundation.
We all need it.
Cheers.
All the best for you mate.
Nothing comes before family.
Sure you will get it sorted soon.
Cheers.
Thank You to take time to check.
I split my risk on correlated pairs.
Regards,
Thank you for the comments.
Regards,
Hey thanks for the answer Richard) And good to see you posting after a long long time)
you take it ?