Redemption (de Fuze )
| Gain : | -99.68% |
| Drawdown | 100.00% |
| Pips: | -4242.5 |
| Transactions | 1889 |
| Gagné: |
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| Perdu: |
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| Type: | Réel |
| Levier: | 1:50 |
| Trading: | Manuel |
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Dec 08 2016 at 06:56
Fuze posted:Dove_Services posted:Fuze posted:
Thank you. I didn't get your input on how I can better the trade....
Your trade set up is aggressive and the price target is premised on some kind of trend change. When a currency pair like the USDCHF had a trend run, there are two possible development, a consolidation and then a resumption of trend or a trend change. Typically to mitigate such risk, I personally would go for a two part position sizing strategy. Essentially you are selling at resistance and that means the risk to your trade is at support. That is a definition of a range bound market. The first part of your trade would be to buy back your short at support. You take some profits when your position may be at risk. Should the trend change materialised, you still have a second part. However if all it turns out is some kind of consolidation you at least have taken some profits off the table for your effort.
Great analysis....you bring up a great point. It's hard for me to identify when my position is at risk. I'm sort of like all or nothing but I slowly changing that to protect profits and reduce risk. A lot of time I find myself moving my stop too tight to protect profits, getting stopped out and price going in the direction I presumed. If you can offer some ideas I'm all ears. Thank you
I think intuitively you know where your main trading issues are that you need to work on i.e. protective stop and re-entry strategy. I believe if you adopt a two part position sizing strategy it would alleviate (partially) stop out issues because of stops being too tight. The benefit of taking some profits off the table allows you to give your remaining stop more room to handle market noise.
I also believe the nature of your trading style i.e. trading at the edges require a re-entry strategy as part of your overall trade plan because when you trade at inflection points you cannot always get it right the first time. Re-entry in my experience is hard to execute as the hurdle is mainly psychological. This requires discipline and that in turn requires you to build such a trade process into your trade plan. A trade is not over until you say it is over and that means an opportunity for a re-entry.
Price reverse on me due to news on USD/CHF loss 55 pips $-315 Broke even on EUR/USD 0 loss, Loss -$184 on EUR/CAD
Short GBP/JPY @ 143.80 target 140.56 stop 144.57
loss 59 pips on GBP/JPY. took the trade before confirmation. Working on my discipline
Dec 09 2016 at 12:50
I took loss of 66 pips :)
yes guys we do take losses.
yes guys we do take losses.
TRADEFX2016 posted:
I took loss of 66 pips :)
yes guys we do take losses.
part of trading. You offer signal services and account management?
Dec 11 2016 at 07:17
Fuze posted:TRADEFX2016 posted:
I took loss of 66 pips :)
yes guys we do take losses.
part of trading. You offer signal services and account management?
at this juncture signals only. :)
what I like about you is that you have put all your history open and you are trying honestly to come back.
keep it up.
Dec 11 2016 at 07:25
Fuze posted:TRADEFX2016 posted:
I took loss of 66 pips :)
yes guys we do take losses.
part of trading. You offer signal services and account management?
happy to find out that you do take losses cause there are plenty of them(a bit too much)
TRADEFX2016 posted:Fuze posted:TRADEFX2016 posted:
I took loss of 66 pips :)
yes guys we do take losses.
part of trading. You offer signal services and account management?
at this juncture signals only. :)
what I like about you is that you have put all your history open and you are trying honestly to come back.
keep it up.
Thank you. I will look at your signal service. I appreciate your transparency also
rob559 posted:Fuze posted:TRADEFX2016 posted:
I took loss of 66 pips :)
yes guys we do take losses.
part of trading. You offer signal services and account management?
happy to find out that you do take losses cause there are plenty of them(a bit too much)
Thank you. I'm working on my number of losses but more importantly my RR because I can loss 4/5 and still be profitable. Thanks for the feedback
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