Nobody ever went broke closing a trade in profit
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Fibonacci levels based on Daily Range indicator 48 replies
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DislikedI have a pending short on EURAUD Green is the entry, red is stop loss, orange is trailing stop and gold is the 1st take profit. {image}Ignored
DislikedIf it was so easy we would all be millionaires. Looking forward to seeing these live trades, will this be via trade explorer.Ignored
DislikedGp, I like your simple strategy because I am a simple minded person and will see how good is your method, therefore subcribed.. look like you lost the au trade, but keep posting your trade so we can learn more. thxIgnored
Disliked{quote} Im from Niagara Falls Canada. Exactly. The only way we make money as retail traders, is one someone on the opposite end of our trade makes a wrong decision and loses money. Concept is easy, however the other side in most cases as a lot of things going for them that tip the scales in their favor. I think thats why money management and patience are so important. {quote} Not always so in my case. When I first started, a trader I was listening to, said all trades have 5 parts: Trend. Momentum, Cycle (current price action leg), Resistance and...Ignored
Disliked{quote} Im from Niagara Falls Canada. Exactly. The only way we make money as retail traders, is one someone on the opposite end of our trade makes a wrong decision and loses money. Concept is easy, however the other side in most cases as a lot of things going for them that tip the scales in their favor. I think thats why money management and patience are so important. {quote} Not always so in my case. When I first started, a trader I was listening to, said all trades have 5 parts: Trend. Momentum, Cycle (current price action leg), Resistance and...Ignored
Disliked{quote} The proof of the pudding is in the eating as they say. Two trades made two trades lost so far for you. It's still too early to cast any judgement on your strategy to be fair, that means the jury is still out so far as I'm concerned. One obvious observation so far though is the lack of frequency of your trades.....do you think that is likely to increase? Although increasing the frequency of your trades is likely to increase your losses based purely on this weeks results.though. Nevertheless, I'll continue to monitor to see if there's...Ignored
Disliked{quote} The proof of the pudding is in the eating as they say. Two trades made two trades lost so far for you. It's still too early to cast any judgement on your strategy to be fair, that means the jury is still out so far as I'm concerned. One obvious observation so far though is the lack of frequency of your trades.....do you think that is likely to increase? Although increasing the frequency of your trades is likely to increase your losses based purely on this weeks results.though. Nevertheless, I'll continue to monitor to see if there's anything...Ignored
DislikedOn to why this thread? Simple. In my opinion one of the most important things you can do is to be consistent and always try to learn something new. Being active in my own thread helps me to do that.Ignored
Disliked{quote} {quote} I would like to apologize to both of you. In my original post obviously I didnt make it clear that this thread is not for either of you or anyone else. Its for me. {quote} I dont care what either of you think of how or what I trade. Save your judgement and your opinions. If you or anyone else wants to follow then follow if you dont, then dont. This thread is for how and when I trade. My trades are not meant to be signals or systems for you, anyone else or as proof of what or how I trade. Again so Im clear, this is the way I use the...Ignored
Disliked{quote} The proof of the pudding is in the eating as they say. Two trades made two trades lost so far for you. It's still too early to cast any judgement on your strategy to be fair, that means the jury is still out so far as I'm concerned. One obvious observation so far though is the lack of frequency of your trades.....do you think that is likely to increase? Although increasing the frequency of your trades is likely to increase your losses based purely on this weeks results.though. Nevertheless, I'll continue to monitor to see if there's anything...Ignored
Disliked{quote} If you want "proof" of a strategy why don't you start with your homework -back/forward testing this and see if you can make this work for YOU... GP posted two trades and you already complain about few trades ??... GP00053: thanks for postingIgnored
DislikedThere is of you if you think he could be a con artist. GP has decided to put himself out there, to connect and build some sort of trust with strangers. Is he straight and honest in his in reasons? I don't know, but I do feel that something is not quite right and also feel I should warn others of my concerns. So GP can you explain the issue over the time reference on your published chart at 6:00AM and time you posted at 3:52AM. From this it appears were not in USA when posting.Ignored
DislikedHi GP. Questions regarding entry on EurAud from post #21: Can you explain the process by which you placed you Sell Stop? I dont understand why you waited so long to place your pending order? In other words, there were multiple earlier potential Sell Stop entries from 1.3802, that were not taken. Thanks, DarrylIgnored
DislikedHi GP. Questions regarding entry on EurCad trade, post #1: It looks like your entry was between 38 & 50% fib. Using support/resistance, I would agree that this level (1.3557), would be a good level to consider taking a short. Is that your reason for entering there? I also noticed that EurCad trade would have gone nicely to 1st, 2nd & 3rd TPs, thereby covering your losses on other 2 charts you posted (Posts #s 6 & 21). In reading earlier posts (not from you) it appears that some are convinced that you have only posted "2" losing trades so far. Perhaps...Ignored
Disliked{quote} When I post a trade that entry, exit, stop loss, trailing stop (differs depending on information available at the time ) and take profit targets, that is how I may enter the trade. Once the trade is triggered I monitor and manage. I don't know maybe you're right maybe I missed math in school. Let's see how your math is. You enter a trade at the 50% retrace level for now will skip the 61.8. You make your stop loss at the 75% never mind if you move it or place an order at the stop loss, we'll just to with the 75%. never mind figuring profit...Ignored