"Just Oil"

i am always risking 1% on each trade.

closed g/j and e/j for loss before stop loss cause signal was trend might be reversed down. e/u still signal is up, so am leaving it running.

I am still looking for good new entries on few pairs. For all purposes I wonder how eur can go up, but cannot question the market. Finished taking profits on Gbp/Aud and NZD/USD now I will let the left positions run until I either get signal in opposite direction or my trailing stop gets hit.
After I start trading live in a couple of weeks I will still leave trades opened on demo run to the end.

if trade hit SL what % you will loose+(costs), you risk that %.

   Chikot posted:
   i am always risking 1% on each trade.

   stevewalker posted:
   if trade hit SL what % you will loose+(costs), you risk that %.

   Chikot posted:
   i am always risking 1% on each trade.

Steve, I did not get the question? I will lose 1% per each losing trade. with Oanda I can set pip size any way to risk only 1% with any stop size. But I prefer to keep stop at no more than 150 pips. preferably up to 120 of course to have it behind some swing.

My task is to lock 2:1 R:R by taking profits and moving stop and leave 30-40% of total previous position run as far as it can.

in general, when your trade hit SL, what % you loose from your equity?

   Chikot posted:
   

   stevewalker posted:
   if trade hit SL what % you will loose+(costs), you risk that %.

   Chikot posted:
   i am always risking 1% on each trade.

Steve, I did not get the question? I will lose 1% per each losing trade. with Oanda I can set pip size any way to risk only 1% with any stop size. But I prefer to keep stop at no more than 150 pips. preferably up to 120 of course to have it behind some swing.

ok, I see now that full size G/U trade is -91 pips against me with full stop 120 pips equal $1000. -91 pips shows -0.58%

   stevewalker posted:
   in general, when your trade hit SL, what % you loose from your equity?

   Chikot posted:
   

   stevewalker posted:
   if trade hit SL what % you will loose+(costs), you risk that %.

   Chikot posted:
   i am always risking 1% on each trade.

Steve, I did not get the question? I will lose 1% per each losing trade. with Oanda I can set pip size any way to risk only 1% with any stop size. But I prefer to keep stop at no more than 150 pips. preferably up to 120 of course to have it behind some swing.

this is how it looked in the morning and then now:

so you risk

%0.80 of your equıity in the case of a full stop. thats your risk.

   Chikot posted:
   ok, I see now that full size G/U trade is -91 pips against me with full stop 120 pips equal $1000. -91 pips shows -0.58%

You see Steve, the risk is not big at all. Trade management is a key when trade goes well.

sure
thats good.
no offense

   Chikot posted:
   You see Steve, the risk is not big at all. Trade management is a key when trade goes well.

a Q for you.

I have difficulties where to stop trading daily.

what is you formula for that?

I would consider after making a winning trade to go fishing. if first trade is a winner what else you need ? or have some goal, or when you start feeling that you are afraid to lose next trade and give back money stop trading.

Some very nice trading CHikot, I like your profitable account, very good MM, what do you think about mine?

grtz

mino

Hi Mino, I think results are good. You only need to cut some losses faster cause they hurt your performance. You can see your average loss bigger than average win and I noticed some oversized losses -600 + pips and like this. otherwise very good.
I am still working on my trade management and entries.

you are wright. if the first is winner I can stop. I always work on mass productıon. daily 1 trade seems to me like retail sale.
I think I should prepare myself to retail.

thanks.

   Chikot posted:
   I would consider after making a winning trade to go fishing. if first trade is a winner what else you need ? or have some goal, or when you start feeling that you are afraid to lose next trade and give back money stop trading.

I think you are action junky 😉
It would be more beneficial for your trading to move to higher time frame or try stocks for day trading. why? cause stocks if traded on Nasdaq/ NYSE is still traded during exchanges open hours which is 9:30 a.m. EST to 4:00 p.m. EST. Hence you do not have to stay around PC the whole day.
I came to decision and it is final that i am not day trading FX markets. I am working on longer term daily charts and this it is.
Trades run but I am not there most of the time. I do check but I am not glued to the screen.
I still think how to manage trades, when to move stops or not to move stops. I think there is no backtesting solution to this one. You see got stopped on a couple of trades, but hopefully another 2 will keep running. I think there is still potential in them, but will see. E/J was giving long signal but I could not make myself to buy Euro despite what charts were saying. Situation is really ugly over there, everything can end with big ugly red candle or even gap down on weekend. I am late to few more pairs. Looking to get some more runners.

On the other hand, I am planning to start working on my stock day trading. Cause it makes sense. Money wise it makes sense to deposit and trade $10 000 with stocks and not with FX. I have withdrawn funds from FXPrimus. taking my PC for upgrade next week, adding second monitor, some memory, clean up and video chip. will sign for Real Tick demo and start working on my method. i actually got an idea how to trade stocks and last summer I started practicing. results were encouraging.
However I did not have the complete set up that comes with Real Tick, Sterling does not have it. Stocks I am planning to put the money when we have it and when I see that my trading goes real well on demo and covers fees plus net profit.
After I see things work, I will post my demo trading results here too and hopefully then live results after I got results on demo and money to go live in stocks.

where do you open demo for stokcs?