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jiva34 replied Nov 20, 2016By adjusting position size to a percentage of the account balance the account can grow exponentially. And losses are reduced.
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jiva34 replied Nov 20, 2016account size. Here's a link to position calculator. url I use mt4 for analysis but I use Oanda for live trading. I can trade any position size with Oanda FX. Here's their link for a demo account. url So for a micro account with $500 using 100 ...
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jiva34 replied Nov 20, 2016Hi Steve, thanks for stopping by. I was posting on the strategy forum but too much commotion over there. The thick green line is the sma. the bands are green too but lighter lines. that's always the question of the day. when to cut losses and run ...
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jiva34 replied Nov 20, 2016USDCHF for 6 days average 35 pips ...not counting a huge trade that I'm not sure I actually could have executed successfully. Just from the stress... Would have made the average per day for the 6 days 67 pips. All wins (net gain for positions) no ...
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jiva34 replied Nov 20, 2016This is the kind of harrowing situation that can develop. The trade carried over night. It was the Fed speak aftermath. I had to go to the 4th level on Martingale which brought percent at risk 12%. Not where I like to go. But it can be spectacular ...
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jiva34 replied Nov 20, 2016That first signal, pulling inside the bb is stops being taken out. It's only good for maybe 5 pips. Use .05% there just in case it should continue on up quickly. then the loss will be very small If it's good for a few pips. What's wrong with that? ...
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jiva34 replied Nov 20, 2016Same as the day before. A dip down during Sidney. Light trading.. 6 pips... then a complete reversal just before London The median is the general direction but to wait for prices to actually correct to it not practical in most cases. Just heading ...
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jiva34 replied Nov 20, 2016Positions very rarely hold over night. They are completed during that day.
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jiva34 replied Nov 20, 2016Following one pair has it's advantages. Becoming more sensitive to how it is trading. I want to monitor several pairs. But this may become too confusing for me, at least at first. Have to be careful of not spreading my attention too thin.
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jiva34 replied Nov 20, 2016Took a looks at bb400 and bb800 but this bb600 looks the best. Too many signals in 400 and not enough signals on 800. 600 minutes, is 600 bars... is 10 hours moving average on a 1 minute chart.
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jiva34 replied Nov 20, 2016I can hardly wait for the markets to open and take this beauty for a spin...
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jiva34 replied Nov 20, 2016Trading to the mean means a moving target. The mean is the 600sm and it is moving along with the price action. So really this strategy is more like trading towards the mean. Can see from this that yes... prices always meet the mean.. But the that ...
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jiva34 replied Nov 20, 2016Here is exactly what I was thinking about. There is a signal but it is the first cross inside of the 600bb.. It could be abig loser if there is strong move.. It does retrace 5 pips. I close. It take 45 mins... But instead of a strong move it ...
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jiva34 replied Nov 20, 2016Okay.. Just saw something... That first entry more times then not is a loser if I hold it waiting for reversal all the way to mean. But if it is going to be big run it will reverse a little bit, taking out stops most likely. I can enter .05% it but ...
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jiva34 replied Nov 20, 2016US market closed, Sydney market. Thinly traded.. not much volume so the move down most likely wouldn't go anywhere... Again this is the simulator. It too 2 minutes on the simulator.. It would have been an hour in live trading. It's the patience I ...
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jiva34 replied Nov 20, 2016Patience is needed This took 5 minutes on the simulator. If it was live it would have taken 7 hours. Stress .. Discipline.. There were two more crosses below the upper band right after the entry. But they were fairly close and the target...the ...
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jiva34 replied Nov 20, 2016Practicing practicing practicing in the simulator... Wanna be ready for when the markets open. Patience is really needed. Waiting for the entry and then waiting for it play out. Have to have the entry plan and the exit plan. Have a bunch of trades ...
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jiva34 replied Nov 19, 2016Went back 2 weeks in the simulator on GBPUSD. averaging 36 pips/day. If I am monitoring several other pairs this could be significant. Only 1 loss because I entered too early. During Asian markets it is possible to trade a channel using upper and ...
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jiva34 replied Nov 19, 2016Okay here's what can happen... getting in too early... and it could get worse.. I need to really meditate on that sign on the wall "Wait for it!" The move has to have legs and run outside the bb band for a while. It can't just pop up and then ...
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jiva34 replied Nov 19, 2016The reason I like this strategy so much is... If it goes my way... I win If it goes against me... I win... Why bother with any other set up?
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