Hi TC,
What do you mean by 2 systems? Do you mean the daily & weekly bias?
And I thought TS will move according to the market, as long as you set how many points, it will keep moving until it gets hit?
Hi Gssg,
I was revering to the post 4296 of Sharebazar He is talking about 2 trades, same method but different SL and TP
Yes TS is moving according to market if you use an automatic TS. But on my MT4 platform this is only working when my computer is working with MT4 and having an internet connection. By trailing your trade by hand (moving SL) you have more control but you have to be watching your trade.
As I understand Sharebazar uses the automatic TS with small pips when TP almost hit and TS equal to SL when he can not watch the market
I am just reading an article that a TS is only for trending markets. It make sense not to use them in a ranging market
Hi
I was surprised this morning that a pending order was triggered. Just moved SL to BE
SL was 40 pips
My demo account is down to 5000 euro again by 5 loosing trades. Maybe this trade is getting me back on track
Hi TC,
Donāt worry you will get back up very soon. Just try to analyse why you have 5 loosing trades. What you miss when you open the position.
As we heard so many times that trader will loose more and win less when we open position in every opportunity. In my case it was turned true and now I am trying to filter out the best setup only to open position.
From my experience I have realised that we can get 2 trades in one pair in a week, if we can manage to open1 trade a week then it is enough to make good amount of pips in a month. 10-15 pairs we can trade in a month.
Hi Sharebazar,
I have to analyse it. Part of the problem is to small SL and entering a trade to early and price breaking SR and turn around on an other level. Also trading with pending orders doesnāt work so good because you I miss a good signal
I understand what you mean by āāoverāā trading Just have to learn to filter out the good trades and to have more patients
I donāt understand exactly what you mean by last part: 2 trades in 1 pair? one trade in a week? and 10-15 trades in a month?
One winning trade in a week is good but then you will have only 4 trades in a month. Not 10-15. What when it is a loosing trade? Nikita write somewhere that she only trade 2-3 times per week But in the start of the thread it is like she is trading 2-3 times daily. I hope you can explain a little bit moreā¦
How much % of your trades are you winning? Just curious about the statistics.
My trade is more then 2% plus and moving onā¦
Hi TC,
I mean, according to the method we can get valid setup/ opportunity 2 times in most of the major pair in a week to open position in our predicted directions. So if we can get an entry at least 1 then we can get good amount of pips.
10-15 trades in a month considering valid setup in all pairs.
In my opinion Nikita only open 2-3 position in a week that what she meant. yes she also mentioned that she used to open 2-3 position a day, still it is possible but which will give you small amount of pips and more chance to hit SL. That is why she moved to weekly TF to get better opportunity and more pips.
Hope it makes sense.
Thanks Sharebasar it makes sense.
In one of my posts I made a mistake in telling that I made 60 pips profit. It turned out to be 6 pips only My broker is using points and calling them pips. 10 points = 1 pip.
Anyway this 6 pips gave me full profit 1R:2R 1% Risk = 2% profit. I only want to say you donāt need big pips to make big money
That is why I like to know about statistics. I made now 5 or 6 loosing trades in a row against 1 winner but I am still not loosing money. But statistically I have a better chance in the casino
Well done, wow! Only (BIG) winning trades only 1 looks like BE. Only your risk is not at 1% I think
I hope you do the same on your life account
My open trade is not in here and will bring me close to the top again
Hi,
My demo closed last weekend when I was out and now I cannot give an exact update I also dont know how my GBPNZD closed but it seems that it hit TP and that was about 400 euro (8% not bad with less then 1% risk) That means that my account closed about 5350 euro about 7% in a month 4 winners and about 10 loosing 4:10 All the profit manly from the last trade
Whit more patience I should do better
Hi TC,
Well done, with more patience you will get more good trades with more pips.
Looks like we will get some good trades this week and next week.
Thanks Sharebazar. Good to hear from you. I hope you have some advice for me to make some post for this thread and bring it to life. It is getting to quiet around hereā¦
What you think about the Euro?
seems this thread nearing a end. It was really rolling .
Hi TC,
I am looking to go short on EU.But I think I will wait until Friday.
See the horizontal (black) line ,I am looking to short once price come around the area then I will wait for the signal on smaller TF.
It is just only my opinion, I am not sure that it will play according to my plan or not.
Hi 3xfx,
This thread is one of the best thread for me in babypips. I have learned so much from it, hope it never end.
This thread can help new trader very much, I will try my best to help new trader through this thread if anyone need it.
Hope you like this thread as well.
I pop in once and a while. not as much as I used to. Yes this thread is good for new traders. PA is a must.
I was looking to go long after last week candle. Short maybe at 1.146 But I understand what you mean, we have to seeā¦
Hi Guys,
What about GU or GJ ? Any opinions on that?
Hi Gssg,
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I want to avoid open position on Any GBP pair this week. UK General Election is Tomorrow.
Hi Sharebazar,
thanks for the info. I am thinking to see wat happens after the election after tmr. The weekly on GU last weekly candle seems very nice, thatās why I asked you guys.