Open Trades USD/CHF: bought 0.9338, initial sl 0.9308 (see link in first post) Pending Orders AUD/JPY: buy 77.77, sl 77.47 AUD/JPY: sell 77.97, sl 78.28 EUR/USD: sell 1.2870, sl 1.2920 USD/JPY: sell 79.48, sl 79.78 GBP/JPY: sell 125.48, sl 125.78 ...

Annual Targets: ROI>15%, DD<10%, approx 0.5% risked per trade

Just found out that the open trade would be considered as a 10% drawdown but lots of different ways to calculate drawdown such as month end to month end or 5 day moving average.

Taking Profits and drawdowns

Thanks Hugh. It maks a difference to me if loss of unrealised profit isn't considered in calculating drawdown. I do look for places to lock in profit (and add to positions) but working on whether it is just better to leave stop losses where they ...

Taking Profits and drawdowns

Ok thanks.

Annual Targets: ROI>15%, DD<10%, approx 0.5% risked per trade

Hello and thanks for the input. I need about 17% success rate to breakeven on trades with risk:reward of 1:5. This ignores the spread, commissions and times I move stop loss to breakeven. I am confident my win rate will be at least 22%, so yes a ...

Taking Profits and drawdowns

Those are topics for a different thread. Am interested in how traders manage positions in which they are aiming for risk:reward of at least 1:5 (or1:3). Peter Brandt calls them popcorn trades: Price gets close to target but then returns to entry ...

Taking Profits and drawdowns

Hi, I have a method that gives me risk:reward of at least 1:5 (see my live trade journal). I only risk 0.5% per trade and have annual targets of ROI>15% and DD<10%. I mainly trade daily timeframes and not yet interested in trading anything lower ...

Taking Profits and drawdowns

I now expect my next trade to be a loser. I risk 0.5% per trade and look for risk:reward of 1:5. My trading results improved so much when I realised this. No emotions now when placing trades and when they lose, it doesn't bother me at all. I will ...

How do you survive after negative trades?

Hello Medici, What sort of track record would be needed? I have annual targets of at least 15% ROI with a drawdown no more than 10%. I risk approx 0.5% per trade but it is only a micro account. Thanks.

Consistent winner? why not make a lot of extra money on commission?

Hi, I got in at 80.47, 30 pip sl. Targeting 78.50 or so. I just see it as resistance though and nothing to do with SFP

Fail Better

Been with Dukascopy for a while and very happy with them.

Dukascopy

I only use bar charts and do not use pin bars, inside bars etc.

Anyone here trading Without candlesticks?

Trendlines — Hello, Trendlines on my daily charts will drastically change position when I zoom in! Anyone else having this problem and any ideas how to fix it? Thanks.

Dukascopy