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fxachilies replied Apr 15, 2009Trade managment example — Hi Guys, Dim and couple of other guys asked me yesterday about trade managment. I just got stoped for negative 16 pips on this particular trade on E/U, this is a example of cutting the loser short and not to worry ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009Thank you so much for this info. It is so nice of you to pay him a visit, please say special hello from myself and rest of us to him, my prayers are with him and wish for speedy recovery. I am not currently in the states otherwise i would have ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009I just canceled my E/U bcz 1. I belive order needs to be hit in certain time frame if its taking to long it might be a weak breakout, 2. pullback is longer than 50% and more importantly it is stalling, 3. I have made 5 trades and are -20 pips maybe ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009I stay out on Major news time and wait for the dust to settle (about 30 min or so)
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009one more — I thought leave you guys today with couple of awsome posts by our master the owner of this great thread. I hope it helps, it has for me. I've been playing around with almost every-single "indicator" (which is a truly generic word by ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009word of wisdom by Feb (post #922) this changed my trading approach — if then Two words you MUST incorporate in your trading. We already know markets are living objects to a certain degree. "If the market reach xxx price/level, then I'll be ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009It is valid and perfectly setup, nice job. hopefully this will be our runner in this session. I have to run some earns I maybe be back for NY session otherwise see you all tomorrow. Good luck and good trading to all.
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009It's been a tough day to make money but the beauty is that on a direction less day such as this (london session up to now) with right trade managment your not losing much money. I have this setp going on right now on E/U, nice solid swing, pullback ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009They are at 50%, I only use them to give me some kind of idea on banking profit, they are not set on stone rule bcz my reall target and the securit on winning in this system is to catch a runner.
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009guess what boy lost another 14 pips down 20 pips for the day so far. But keep coming back at it, its a battle.. lol, I'll take all opportunity given Possible set up on G/U. image
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009Example of trade managment — Price has moved on my favore as u see i moved my stop higher with enough room, now my risk is 3:1 keeping odds in my favore if i get stoped big deal i lose 14 pips there is plenty of other opportunity. one my first ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009Hi Dim, Your right about the inital stop loss goes right above or below pullback. Your RR should be 1:1. about stop trail Feb has explainnded very well in numerous posts but the way i do it when price moves in my favore i just simpley move my stops ...
The System II (Yes with irony)
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fxachilies replied Apr 14, 2009I have this trade going on right now, I hope you guys are in it too. image
The System II (Yes with irony)
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fxachilies replied Apr 13, 2009My managment is what I learned from Feb. I stop trail but i do it manually I am more hands on, I babysit my trade. I do not take trades that is giving me more that 1:1RR to begin with. I never ever try to ravange my loss on the next trade or even ...
The System II (Yes with irony)
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fxachilies replied Apr 13, 2009I would trade that one of the most recent clear swing. I personaly wont trade of that 80 point runner, specially with a slow running pullback. good job anyhow it is working image
The System II (Yes with irony)
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fxachilies replied Apr 13, 2009Pullback is way to long over 60% no trade setups, looks like we are in a chopp monster. Now, looking for a whole new swing setups. image
The System II (Yes with irony)
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fxachilies replied Apr 13, 2009Potential — possible setups on E/U, depending on how the pullback shapes up
The System II (Yes with irony)
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fxachilies replied Apr 13, 2009Runners — Hi guys, I hope everyone made money with this runner, thats what this system is all about, awsome day no fake outs only tp's and one solid runner. You can only join the party if you keep testing the market and not to worry if you ...
The System II (Yes with irony)