Perfect, I understand now. I'll trace your trades.

Hedging/averaging trades without prediction

Hey, I skimmed the thread and the idea I get is: 1) open both long and short with TP 2) when one side hits TP, open same side again with TP I guess I'm missing something. How do you profit? Because the other side keeps losing. Pat Chiko posted some ...

Hedging/averaging trades without prediction

For your entries, first two were on the same hour, and went for 1 RR, third entry was on the next hour, it was a loss. Also note the extreme warning: price is below yesterday's low, so it is reasonable to expect some bottoming action. Maybe wait for ...

Highest Open / Lowest Open Trade

Thank you TooSlow, this is an amazing eye opener of a thread. I'll be moving on to making this my own. Here's XU trade

Highest Open / Lowest Open Trade

The went enough to make money, according to the rules.

Highest Open / Lowest Open Trade

No, that was another first break, next hour.

Highest Open / Lowest Open Trade

It was the first break of LO on the hour. I enter below to account for commission. Spread is 0 but commission is 0.7 pip. As you know we should buy at ask on the line.

Highest Open / Lowest Open Trade

Tenth trade

Highest Open / Lowest Open Trade

This chicken has fried. I'll shut up for now.

Rocket Money Management with Training Wheels

Pip Rich and Money Poor, Why? It's very important to put in a lot of trades to get meaningful statistics. I looked at my trade explorer, estimated my RR, got my winrate, and that gave my optimum risk%. There's a problem, though. In dollar terms my ...

Rocket Money Management with Training Wheels

Ninth trade

Highest Open / Lowest Open Trade

Couldn't resist. Look at this perfect shape.

Cup and handle system

Eighth trade

Highest Open / Lowest Open Trade

Seventh trade

Highest Open / Lowest Open Trade

I wasn't sarcastic. I'll be watching you.

Highest Open / Lowest Open Trade

I think you are the genius, stumbling on this thread while not being sure on the difference between limit and stop orders. Do the challenge. Learn the difference.

Highest Open / Lowest Open Trade

I took that trade because I was impatient. Previous LO was exited several times, so I anticipated a lower LO, it's more confluence than coincidence. This method is very close to the TRUTH.

Highest Open / Lowest Open Trade

I thought of maybe making a Kelly Criterion matrix in excel, but found some on the net. image Credit: url

Rocket Money Management with Training Wheels

According to my TE, my RR is 1:1.5 ($2:$3), with my winrate of 67% that makes my optimal risk 45%. Great.

Rocket Money Management with Training Wheels

I have good news: risking 50% is not always optimal. It's only optimal if your winrate is 66%. If your winrate is 50% and you go for 1:2 RR, optimal risk is 25%. Winrate 66%, 1:3 RR, optimal risk is 55% Winrate 50%, 1:3 RR, optimal risk is 33% All ...

Rocket Money Management with Training Wheels