[QUOTE=“psalda”]
Hi, I think it is a good idea. My suggestion is to create a twitter account and we can follow IN real time each trades.
Meanwhile i just close my position on this also and keep THE pips!
i’m not really a friend of twitter. but maybe sometime. what trade did you close?
just opened a aud/usd short at 0.9810, SL 0.9850, PT 0.9693, 3:1 RR
CLosed EUR/AUD: +125 pips
Entry: short @1.2970
Close: @ 1.2845
so you closed closed out early again 
what was your RR on that trade then?
edit: just entered the second short on eur/aud at 1.2892. 35 pip SL, 95 pip target
another update: just manually closed one of the eur/aud shorts and the audusd short for +79 and +72 pips. i did this because i practically just traded eur/usd short (short euraud and short audusd equals eurusd short) and it is at the bottom of the recent consolidation area. i just took these safe profits because i don’t want to bet on a breach of this consolidation area anymore, because it is pretty much intact for 26 hours or so now. so, as you can see i also close some trades early, but i only do that with a reason (can be either because of chart related reasons (like in this case), or sometimes if i happen to see too many highly correlated trades open, i close some at 200% instead of waiting for 300% or so on all trades, just to diversify a little). if i think something important has changed (in this case the strong cosolidation area has formed), i will close some trades manually.
summing up:
+514 pips closed (after losses and spreads)
-2 pips floating
=> ~34.7% gain (considering also the floating profits)
open positions: eur/aud short at 1.2892
wow, such a great winning! Could you post 2 charts of trades you took here?
the euraud trade that i closed was the one SR player described in post #434. the audusd short is in post #503. and the following is the picture for that trade. nice impulsive move down, then it peaked into the orange box, where i shorted. wave indicator also just crossed 0.
edit: wow, the quality of these pictures really sucks 
btw, some important information about my trades:
- i’m trading live, but only a micro account. think this is the best way to learn.
- because my account is not funded as high as i would want it to be, the percentage gains that i post are somewhat too high. don’t get me wrong, they are the actual and true percentage gains on my account. if i would live trade with more money, however, i would risk only about 2-3% or so per trade, which is at the moment just not possible. at the beginning of the week, one trade was more than 5% of my total account size. at the current level, however, i can trade with proper percentages. in a nutshell: took more risk this week, than i would “normally” do, therefore the % gain is also higher than “normal”. with proper percentage investments from the start of this week, the percentage gain would be more like 20% instead of 34%.
that being said, one last remark: this week is so unbelievable lucky… tbh i don’t expect the gains to be nearly as good in the next days/weeks. just hoping that when “it finally hits me” it will just be in the face and not in the nuts… 
Hi guys
I am traveling today and won’t be back until next Tuesday, have a couple great days of trading, see you when I get back…
P.S Well done to all of you who have generated some great pips this week, keep it up…ENJOY!
I don’t have exact figures but I know I’m over 400 pips this week using the basics of this stratetgy and that’s after subtracting a few losses. I over traded a little this week and am working on cutting back a bit because I too had a much better than average week… That i know wont happen all or even most of the time.
Thanks SR
Enjoy your travel! show us pics of the place lol. Thnx
thank you, and have fun!
enjoy your travel SR player
done for the week. 588 pips. 39.6% gain. really looking forward to see how it will go over the next couple of weeks.
40% weekly return, are you gambling?
Hey everybody!
Another gem, thanks for sharing SR Player. You just can’t go wrong with price action 
Just one question for you more informed types, how exactly do you determine where to place your entry order?! Because it’s a “zone” of support/resistance so the bounce can be anywhere inside there?
Thanks, much much appreciated. Everybody have a rockin’ weekend
i’m not sure how SR player does it, but it depends on some different information for me. for simplicity i woud say, most of the time i’ll take the average of the zone. i also always consider the RR ratio. i just look what kind of a RR ratio i would get, if i would enter at the bottom of the zone (for a short), if this is not at least 2.5 (SR player would recommend 3), i’ll move the entry up until i get the desired RR ratio.
hope this helps a little. maybe will post a picture of how i precisely determine entry, SL, PT levels, because this is a “little” different from what SR player does.
as i said earlier: my account was not properly funded, thus i unavoidably took more risk because of minimum lot sizes. this risk obviously resulted in higher return in this case (lucky week). so gambling: no. but i could not avoid it. if you scale the return down to “normal” account levels, it would have been more like 25% (which still is huge, i know). we’ll see how it goes next week, with proper account size (so approprate percentage risk per trade) and maybe a little less luck
edit: SR player also risks 5% per trade. but one thing to consider is: she takes way less trade setups than i do (as far as i can say), so my personal risk percentage per trade will be about 2-3% from the next week on, which is still a little too high. if the account will keep growing, i will even consider risking only 1-2% per trade when it is possible.
cheers and thanks for the concern! (always nice to have people that keep others on the ground)
That certainly makes sense, thank you TopFroxx. Some examples would also be awesome!
I’ve been thinking about at least just waiting for a candle close or something, but optimal entry always trumps confirmation entries from candlesticks etc… I’ll go with the orders for now, should not be too difficult.
Thanks again!
ok, so here is one example (just one of a couple of different cases)
this was an nzdusd short that i took. the orange box again is selfdrawn. you can see that it does not start at the bottom of the consolidation area. why did i do that? lets see another picture
this is about half a year back in december 2011. this is where i started drawing the orange box. as you can see there are 3 lows at pretty much the same level. this determined the bottom of the orange box which happened to be in the middle of the consolidation area from a couple of days ago. in this case i used this bottom of the orange box as the entry level. the middle of a consolidation area + former level of significant low = very strong resistance. SL was a few pips above the box (total of ~40 pips), target 120 pips. 3:1 RR