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"Just Oil"
Member Since Jan 14, 2010
2279 posts
Jun 17, 2012 at 23:16
i am always risking 1% on each trade.
Member Since Jan 14, 2010
2279 posts
Jun 18, 2012 at 13:38
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.
Member Since Jan 14, 2010
2279 posts
Jun 21, 2012 at 00:22
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.
After I start trading live in a couple of weeks I will still leave trades opened on demo run to the end.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 21, 2012 at 21:22
(edited Jun 21, 2012 at 21:22)
if trade hit SL what % you will loose+(costs), you risk that %.
Chikot posted:
i am always risking 1% on each trade.
Member Since Jan 14, 2010
2279 posts
Jun 21, 2012 at 22:21
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.
Member Since Jan 14, 2010
2279 posts
Jun 21, 2012 at 22:26
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.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 21, 2012 at 23:08
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.
Member Since Jan 14, 2010
2279 posts
Jun 22, 2012 at 00:04
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%
Member Since Jan 14, 2010
2279 posts
Jun 22, 2012 at 00:24
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:
Attachments:
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 22, 2012 at 08:40
so you risk
%0.80 of your equıity in the case of a full stop. thats your 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%
Member Since Jan 14, 2010
2279 posts
Jun 22, 2012 at 15:17
You see Steve, the risk is not big at all. Trade management is a key when trade goes well.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 22, 2012 at 15:39
sure
thats good.
no offense
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.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 22, 2012 at 15:44
a Q for you.
I have difficulties where to stop trading daily.
what is you formula for that?
I have difficulties where to stop trading daily.
what is you formula for that?
Member Since Jan 14, 2010
2279 posts
Jun 22, 2012 at 22:48
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.
Member Since Jan 14, 2010
2279 posts
Jun 23, 2012 at 07:47
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.
I am still working on my trade management and entries.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 23, 2012 at 09:25
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.
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.
Member Since Jan 14, 2010
2279 posts
Jun 23, 2012 at 09:44
(edited Jun 23, 2012 at 09:45)
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.
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.
forex_trader_79941
Member Since Jun 06, 2012
1434 posts
Jun 23, 2012 at 09:52
where do you open demo for stokcs?
Member Since Jan 14, 2010
2279 posts
Jun 23, 2012 at 09:59
(edited Jun 23, 2012 at 10:01)
Google stock brokers that have Sterling and real Tick demos. There is a lot of the on line. there is also traders' pools where trader can start with just $2000-3000 deposit and they provide leverage but i would not go with this. too little. When trading with those pools fees are lower than if you open account with broker directly. $10K is a minimum to cover expenses and everything and keep risk low. anyway, first they must be good results on demo before going live cause there is ECN, routing and other fees related to stock trading. Usually it is $1 and some cents for opening and closing 100 shares trade.
Only serious brokers and platforms should be considered that have Level II and volumes. FX like stocks trading in smaller than 100 shares increments like on FX Primus now are not for day traders.
I simply see that FX is overtaking your life cause it is 24/7 thing. stocks are only few hours a day...
Only serious brokers and platforms should be considered that have Level II and volumes. FX like stocks trading in smaller than 100 shares increments like on FX Primus now are not for day traders.
I simply see that FX is overtaking your life cause it is 24/7 thing. stocks are only few hours a day...
