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60minuteman replied Jun 2, 2012Sure, relying on price action alone is not the best strategy, location is important too... still 50% with no filters is pretty amazing...
Buy sell line trading
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60minuteman replied Jun 2, 2012If you see this sort of sideways price action, draw a box around it and dont trade the instrument until it breaks out and trends... Common sense really
Buy sell line trading
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60minuteman replied Jun 2, 2012Just repeating the same message over and over... Eu h1 last week...
Buy sell line trading
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60minuteman replied Jun 2, 2012EG H1 just to give a balanced view a less trendy pair 4 wins 1 loss maximum gain risking 1% 15% STUDY THESE CHARTS... THE BEST ENTRIES COME AT THE PEAKS OF RETRACES... AVOID THE SIDEWAYS CONSOLIDATION AREAS
Buy sell line trading
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60minuteman replied Jun 2, 2012AJ H1 chart from last week... We are in a strong trend so great results to be had 7/7 win/loss 33% maximum gain risking 1%
Buy sell line trading
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60minuteman replied Jun 2, 2012AU H1 yesterday morning.. here is an example of trades the system will give you, especially if you wait and select the pairs that are trending... You can find these all over your charts as far as you want to go back.... markets have and will always ...
Buy sell line trading
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60minuteman replied Jun 2, 2012You can be conservative or agressive with your money management... do you need high win rate for smaller profits, or can you accept a lower win rate and hold for bigger wins. I adopt both at different times depending on various market factors. This ...
Buy sell line trading
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60minuteman replied Jun 1, 2012I have got to disagree with that... but i guess it depends on your trading style as you say... But this month it wasn't hard to pick direction was it? it wasn't hard to determine we were in a trend was it? all of the tried and tested formula's / ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012In one of the trading groups where I am a member we all trade the same strategy,and although we are all very good at picking entries/direction now, the real defining factor between who is profitable and who is not are the exits... So based on my own ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012OANDA’s market data tells a very different story. Retail forex traders are actually much better at trading than people think. For example, in reviewing all retail trades executed during the year 2010, 55% of these trades were closed profitably. ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012thats another type of capital preservation... i believe the op is making the assumption that we are taking trades.. i.e entries and exits... and again if you look at the data, the largest part of capital preservation is clearly ensuring your ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012not hitting sl too often? how is that relevent...? what if your R value is 10? and you risk 1% a trade? you can hit your stop loads of times and still make profit... this guy is far more qualified to explain it than me (and most on this forum too) ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012and moreover... if capital preservation is so important... is that not using the correct exit? So yes, exits are more important.... but theyre not the only important thing.. The risk model is the important thing.
Exit is more important than the entry
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60minuteman replied Jun 1, 2012wrong... you've made the same mistake children do when sitting exams... you didn't read the question.
Exit is more important than the entry
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60minuteman replied Jun 1, 2012agree exits are more important... mainly because psychologically humans find holding their winners for targets harder than actually entering the trade... Just ask a learner what they find hardest to do.. they all close early, it's just how we are ...
Exit is more important than the entry
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60minuteman replied Jun 1, 2012wow great stuff... did you move stops at 1/1 or did the data allow for that?
Buy sell line trading
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60minuteman replied Jun 1, 2012To really simplify it, i'm just looking for 3 things on my chart..
Buy sell line trading
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60minuteman replied Jun 1, 2012im enjoying this conversation on the risk model..... because it really is one, if not the most important part of trading if you are in it for the long run... Here's a quote from Chris Capre, a price action trader I respect greatly.. and he collects ...
Buy sell line trading