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EUR/USD
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 00:22
(edited Aug 06, 2012 at 00:23)
the important point is it breaked 1.2375 up.
now we have 1.2525 to touch in couple of days.
now we have 1.2525 to touch in couple of days.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 00:24
here it is
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 00:29
buylimit @1.2585 in the case of I fall asleep.
Member Since Jan 14, 2010
541 posts
Aug 06, 2012 at 07:57
leo52 posted:
euro is corrected down....
Yes, it looks like it's preparing itself for another low. We'll see if we'll get higher highs which will make room for a trend reversal (short term at least).
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:22
on e/u we already got both higher low and higher high on daily
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:28
triggered when at sleep.
MFE 5
MAE -41
actual
P/L -18
MFE 5
MAE -41
actual
P/L -18
stevewalker posted:
buylimit @1.2585 in the case of I fall asleep.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:29
statisticly Monday is not a profitable day for trading.
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:29
Steve, what is MFE and what is MAE?
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:31
hmmmmm
MFB has new thumbnails feature. no need to insert anymore
MFB has new thumbnails feature. no need to insert anymore
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:34
MFE : Maximum Favorable Excursion
MAE : Maximum Adverse Excursion
MAE : Maximum Adverse Excursion
Chikot posted:
Steve, what is MFE and what is MAE?
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:34
more translation, LOL😁
what does it mean???
what does it mean???
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:37
MFE : Maximum Favorable Excursion is what was the maximum profit that the trade had before the trade closed, Not the profit, the Maximum reached profit when trade was open.
MAE : Maximum Adverse Excursion is what was the maximum loss that the trade had before the trade closed, Not the loss, the Maximum reached loss when trade was open.
MAE : Maximum Adverse Excursion is what was the maximum loss that the trade had before the trade closed, Not the loss, the Maximum reached loss when trade was open.
Chikot posted:
more translation, LOL😁
what does it mean???
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:38
when you collect your MFE MAE data for each trade then you can analyze and have better TP and SL levels according to your trading style + market condition and so on ......
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:39
you mean unrealized profit and loss before trade was closed?
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:42
(edited Aug 06, 2012 at 09:43)
I mean Max unrealized profit and Max unrealized loss before trade was closed
you can also extend the time and get value even after close your trade. for future analyses.
eg.
I record my MFE even after closing the trade. so this gives me how far my trade reach in my direction.
later you can analayze and see if you exit early
same for SL
you can also extend the time and get value even after close your trade. for future analyses.
eg.
I record my MFE even after closing the trade. so this gives me how far my trade reach in my direction.
later you can analayze and see if you exit early
same for SL
Chikot posted:
you mean unrealized profit and loss before trade was closed?
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:47
I remember trading pivot points strategy, i recorded every day how far trade went against me and in my favor too. it was similar for some time an dthen statistics changed drastically and I stop both trading that strategy and recording. it is not easy to keep record of PP based startegy as pivot points change every day.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Aug 06, 2012 at 09:51
here is an exmp.
if MAE is empty then it went too far then my risk apeetite. so leave it blank.
if MAE is empty then it went too far then my risk apeetite. so leave it blank.
Member Since Jan 14, 2010
2279 posts
Aug 06, 2012 at 09:55
looks good :)
