I agree, TooSlow What I have today on money management: 1) Entry no more than 2% of capital 2) Quick transfer to breakeven point 3) Fixation in +5 (price is more likely to pass +5 than +20) As for me, this is very little. I don't have conditions ...

Highest Open / Lowest Open Trade

The trading system makes me put a stop-loss of 20 pips (if there are 20 pips between high/low and maximum/minimum of the price open H1). I will be honest - maybe it is greed and desire to take EVERY trade But I am not ready to lose so much, RR is ...

Highest Open / Lowest Open Trade

Exactly, buddy I'm afraid that 1 bad trade at -20 will override the profit from the previous 2-3 "slices of the pie" +5 Tell me, should I dismiss these thoughts and act on the plan or look for a way to exit with minimal losses?

Highest Open / Lowest Open Trade

5: +5 Another trade with a pip in my pocket. +5 is good for me as I take a small piece of the pie and leave the table But, TooSlow, I'm scared of those 20 pip stops. Hint, should I use the # 0 and 5 rule and skip trades?

Highest Open / Lowest Open Trade

4: +5 Input to “1”, output to “2”

Highest Open / Lowest Open Trade

3: +5

Highest Open / Lowest Open Trade

2: +5 I keep getting pips from the same area of interest.

Highest Open / Lowest Open Trade

I'm taking the Challenge again. Currency pair: USDJPY (Psychologically it is more comfortable to take a small piece of the pie, +5, than +1, so I exit the deal at +5) 1: +5

Highest Open / Lowest Open Trade

My thoughts: 1) If the price crossed the daily open BUT closed above the daily open, then the forces are on the bullish side [Described by Lance Beggs in his books] 2) An inside bar indicates the bulls are slowing down, uncertainty of strength. ...

Highest Open / Lowest Open Trade

TooSlow, I apologize if the question seemed silly, but your answers will help me put the puzzles together. Can you please tell me if I'm doing concept complication with this?

Highest Open / Lowest Open Trade

Thanks for the clarification! Been watching your thread on the forum for a long time, took part in the 10 week trading challenge in May, traded in the plus side. Thanks excessively for sharing the strategy. I continue to study it, rereading the ...

Highest Open / Lowest Open Trade

Hey, TooSlow. Do you use m1-m5 swings to reduce your stop loss? Got the idea after your #post14030706

Highest Open / Lowest Open Trade

Result for 11 trades: 18.3 points Calculation: Spread: 0.7 points, so subtract it from the profit/add it to the loss. 4.3+4.3+4.3+4.3-3.7+4.3+4.3-1.9-3-3.2+4.3 = 18.3 The system that TooSlow has provided is simple and logical. Thanks! TooSlow, if I ...

Highest Open / Lowest Open Trade

Trade#10: -2.5 Trade#11: +5 I set stop loss 1 point above the high and it was because of 1 point that the stop was closed (entry in zone 1). Re-entry (in zone 2) closed in +5

Highest Open / Lowest Open Trade

Trade#8: -1.2 (Stop loss in zone 1) Trade#9: -2.3 (Stop loss in zone 2) Losses are part of the system, it's normal. But tell me, TooSlow, how was it possible to move trade #8 to BE? Or is the focus on the next trades?

Highest Open / Lowest Open Trade

Trade#7: +5 Entry in zone 1, after the bar appears in the zone of interest

Highest Open / Lowest Open Trade

Trade#6: +5

Highest Open / Lowest Open Trade

Trade#5: -3 I placed the order when the price was in zone 1. There was no opportunity to put a stop loss in BE+1, the price did not pass 5 pips Therefore, I got a stop loss in point 2

Highest Open / Lowest Open Trade

Trade#4: +5 Identical deal as in #3. The key is to wait

Highest Open / Lowest Open Trade

Trade#3: +5 M5 bar opened in the zone of interest (red arrow) Set order - enter trade - take profit +5

Highest Open / Lowest Open Trade