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"Just Oil"

Chikot
Nov 14 2012 at 06:40
2299 posts
got stopped be on e/j and chf/jpy. gbp/jpy and eur/nzd are also in danger. still they are in trends so if I see good reversal of current contra trend move I will short again. better be careful. e/u I will still hold stop at old place.

Chikot
Nov 14 2012 at 07:44
2299 posts
decided to add a bit to eur/nzd short. may be a bit rash. thinking of how to place stop for both positions. currently set at about 1% risk for both. but may move to first entry which will mean only 0.5% risk. calculation is simple. if trends resumes there might be huge payback for relatively small risk. money does not matter. r;r and percentage of the balance does.

Chikot
Nov 14 2012 at 21:29
2299 posts
So far no continuation and trades after some 100-150 pips runs go into BE stops. Opened few new trades and will probably open another one or two trade after midnight as I see it is pretty close to signal points.
was criticized for being rough with Rahem by saultywater., well, he probably doe snot understand what i am doing. When no trends trend followers do not make money. I started a bit late hence my account mostly reflects market condition at the moment. However I am confident once trends start I will make up.
I will make it clear, I have system which I follow and when market trends it is working fine. Even with this hick up of a trend I managed to mostly trade money back. The most important is to be consistent with application and let profits run when they do.

Chikot
Nov 14 2012 at 21:32
2299 posts
My floating balance is always positive. The only time when price started moving and I was able to trail it was in September. all other months there is simply no continuation on no trades.

SaltyWaters
Nov 14 2012 at 22:22
247 posts
Chiko I've criticized your criticism toward others like you always do. I pointed out your lack of open trades management to illustrate my point and in fact it's a fact. It's not that I don't understand what you doing or I want to understand it , you lack of trade management. It seems you don't have one in place, but that is not my business, regardless.


I don't criticize anybody's method or strategy, either I understand it or not. Everybody has a different way how to do things. It's not up to me to tell them how or what to do. I respect their way and I do understand that in Forex one can make money either going with the trend or going against the trend.

You by other hand are always talking like you are an expert in the field when the numbers show the other way around.


In the end of the day it's not how much you know but how much did you get out of the market.

By the way, positive floating balance is like negative floating balance. It's only 'it' when the trade is closed.




Chikot posted:
So far no continuation and trades after some 100-150 pips runs go into BE stops. Opened few new trades and will probably open another one or two trade after midnight as I see it is pretty close to signal points.
was criticized for being rough with Rahem by saultywater., well, he probably doe snot understand what i am doing. When no trends trend followers do not make money. I started a bit late hence my account mostly reflects market condition at the moment. However I am confident once trends start I will make up.
I will make it clear, I have system which I follow and when market trends it is working fine. Even with this hick up of a trend I managed to mostly trade money back. The most important is to be consistent with application and let profits run when they do.

Chikot
Nov 14 2012 at 22:31
2299 posts
Saltywater, when market starts moving I will get everything I am looking for. saying that negative floating and positive floating is same says you really do not understand what I am doing.. negative floating = blown accounts. especially the way Rahman is doing. In September when I wa son trend. my average winner was 4+ times my average loser. I will keep it that way.

Cheers.

Chikot
Nov 14 2012 at 22:34
2299 posts
I have been thinking for some time and since I have no second live account I decided to do it on my connected demo. I will trade same strategy but on smaller time frame. some 1-4H. It will be interesting how this will work.

SaltyWaters
Nov 14 2012 at 22:48
247 posts
If you are waiting for a 5000 or 10000 pip run, you may be in for a long wait. Besides there's other ways how to get it faster.

Like I said 'in the end of the day what counts is how much you got out of the market' not how much you have in positive floating trades or how close you were from your TP before the market turn against you.
 


Chikot posted:
Saltywater, when market starts moving I will get everything I am looking for. saying that negative floating and positive floating is same says you really do not understand what I am doing.. negative floating = blown accounts. especially the way Rahman is doing. In September when I wa son trend. my average winner was 4+ times my average loser. I will keep it that way.

Cheers.

SaltyWaters
Nov 14 2012 at 22:49
247 posts
Demo doesn't prove anything!

Be brave do it in a Real account with real money.



Chikot posted:
I have been thinking for some time and since I have no second live account I decided to do it on my connected demo. I will trade same strategy but on smaller time frame. some 1-4H. It will be interesting how this will work.

SwingTrader
Nov 14 2012 at 23:00
81 posts
SaltyWaters posted:
By the way, positive floating balance is like negative floating balance. It's only 'it' when the trade is closed.


A positive float can be banked, a negative float will send you broke.

BS abounds in the world of MT4

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