Hi Guys, how long you hold position ? (in Profit or Loss)
Mar 24, 2013 at 21:41
Hi Guys, how long you hold position ? (in Profit or Loss)
Helllo other fellow trader, just want to know how you guys manage open position, how long you would hold for that, in minus position or profit position? and why ?
Thanks in advance
Helllo other fellow trader, just want to know how you guys manage open position, how long you would hold for that, in minus position or profit position? and why ?
Thanks in advance
No Risk - No Gain
Mar 25, 2013 at 05:36
(editado Mar 25, 2013 at 05:49)
This all depends on your tolerance for risk and the size of your potions. If you trade small your ability to hold trades is magnified, if your size is to large you will be pushed out of your position sooner than later.
Having said that, I use the VIX to determine my reasonable expectation for a daily move. VIX under 19 I look for .5% moves. VIX over 19 I look for a 1% move.
VIX presently is trading at 13.57 this tells me to look for a .5% daily move.
EUR opened at 1.3018 so .5% (65 pips) move would be 1.3083 on the high side and 1.2953 on the low side. This to me is a reasonable expectation of a daily move based on volatility.
Having said that, I use the VIX to determine my reasonable expectation for a daily move. VIX under 19 I look for .5% moves. VIX over 19 I look for a 1% move.
VIX presently is trading at 13.57 this tells me to look for a .5% daily move.
EUR opened at 1.3018 so .5% (65 pips) move would be 1.3083 on the high side and 1.2953 on the low side. This to me is a reasonable expectation of a daily move based on volatility.
I just trade.
forex_trader_119157
Miembro desde Mar 28, 2013
posts 14
Mar 31, 2013 at 06:13
Hi
Each position must be calculated
If you trade in a day
Or dealer a long move
What do you expect of the position
How much risk you are willing to take
In short
Should study the market well
Learn strategies
And trading tactics
Difficult to explain in a nutshell
Each position must be calculated
If you trade in a day
Or dealer a long move
What do you expect of the position
How much risk you are willing to take
In short
Should study the market well
Learn strategies
And trading tactics
Difficult to explain in a nutshell
forex_trader_119157
Miembro desde Mar 28, 2013
posts 14
Mar 31, 2013 at 08:14
Good luck
Miembro desde Apr 02, 2013
posts 1
Apr 21, 2013 at 17:02
Hi guys and gals presently I am holding open positions on the eurusd with a loss of 25 pips as I am short I still believe my trade will go into profit even though this pair trading on a 3 week high I would be interested to know your thoughts for next week
Ifs its going to be its up to me
forex_trader_122221
Miembro desde Apr 14, 2013
posts 3
May 04, 2013 at 19:20
Hey great advise above, ATR is the key, work out your position size based upon SL levels required. I myself hold positions far to long until they become profit, hedging and waiting for the market swing sometimes 200+ pips.
With small accounts the main aim to preserve our profits when they come, having price action come into profit & then retrace only to stress our margin levels always makes me feel ill. So I like to 'Make hey whilst the sun shines' & collect my profits early.
The most important factor of any trade I believe is entry, great entry's reduce stress levels & increase enjoyment 10 fold :)
Donchian Channels, Aroons even Fractals can really help find that entry your looking for and reduce risk dramatically when opening positions.
With small accounts the main aim to preserve our profits when they come, having price action come into profit & then retrace only to stress our margin levels always makes me feel ill. So I like to 'Make hey whilst the sun shines' & collect my profits early.
The most important factor of any trade I believe is entry, great entry's reduce stress levels & increase enjoyment 10 fold :)
Donchian Channels, Aroons even Fractals can really help find that entry your looking for and reduce risk dramatically when opening positions.
May 24, 2013 at 14:28
SL and TP determines. Usually between 10 min and few hours till max 24hour. But thats because we hit.
I never have worked with a strategy which was time depending. Like if the.. is not hit after .. then ...
Would love to see an example though
I never have worked with a strategy which was time depending. Like if the.. is not hit after .. then ...
Would love to see an example though
forex_trader_100532
Miembro desde Nov 24, 2012
posts 38
May 31, 2013 at 17:10
As long as my TP n SL need to... hehe...
Miembro desde Oct 20, 2012
posts 16
Jun 01, 2013 at 19:08
Hi,
I think that the real question you should be asking yourself is : What time frame to trade and where to place stop loss and set targets. Without answers to these questions you will not close loosing trades and you will be closing profitable trade very early.
I think that as long as a trade did not touch its stop loss or take profit levels then it should stay opened. Remember, trading big time frames require keeping a trade opened from several hours to several days .
As you are a beginner, i advice you never to risk more then 1% on the overall positions you have in the market.
Good luck and safe trade.
I think that the real question you should be asking yourself is : What time frame to trade and where to place stop loss and set targets. Without answers to these questions you will not close loosing trades and you will be closing profitable trade very early.
I think that as long as a trade did not touch its stop loss or take profit levels then it should stay opened. Remember, trading big time frames require keeping a trade opened from several hours to several days .
As you are a beginner, i advice you never to risk more then 1% on the overall positions you have in the market.
Good luck and safe trade.
Miembro desde Jun 03, 2010
posts 696
Jul 11, 2013 at 14:21
My EA Robots hold position from around 30 minutes to max around 6h. But it is enough to make +800 pips in week.
PAMM MANAGER // Professional Fund Manager
forex_trader_50505
Miembro desde Oct 16, 2011
posts 85
Jul 11, 2013 at 21:27
As far as my TP and SL
Aug 21, 2013 at 11:01
George_W posted:
It is all on you: if you are scalper, long-term trader or intraday trader. As for me, I never let the trade to stay over the night. If it didn’t reach SL and TP I close it anyway with the NW closing.
As for me, it doesn't matter to close the positions before going to bed. If have your SL and TP then what is wrong with keeping your trades open?
Miembro desde Nov 21, 2011
posts 1718
Sep 05, 2013 at 15:28
It doesn't really matters.
it only depends on what type of trading style you use:
My style is like that:
Swing --> no sl, duration: months
Day trading --> SL & TP, duration: less than a day
Scalping --> SL:10, TP:19, duration: few sec to 30 min.
it only depends on what type of trading style you use:
My style is like that:
Swing --> no sl, duration: months
Day trading --> SL & TP, duration: less than a day
Scalping --> SL:10, TP:19, duration: few sec to 30 min.
