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High Reward to Risk Trading

  • #101
  • May 9, 2016 9:45am May 9, 2016 9:45am
Quoting Reamasesa
{quote} Maybe try ATR? I, myself, am using 25 pips for BE with a LOCK of 2 pips on my Renko charts, JTS is set to 36 pips and this combination is working quite well in a variety of trade situations.
Sounds good, I might give it a try. Thanks.
No guts, no glory
  • #102
  • May 9, 2016 10:13am May 9, 2016 10:13am
Hi Abokwaik

I think the reason its a little quiet in here is because of the forum you have chosen.

I'm now subscribed


Cheers

Eamonn.
  • #103
  • May 9, 2016 1:54pm May 9, 2016 1:54pm
Trade against trend...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -301
  • #104
  • May 9, 2016 2:48pm May 9, 2016 2:48pm
Quoting troya7634
hi abok. First, sorry for my bad English and if this post should not be posted in this thread. I have study all your posts... and would like to know what do you think about this strategy i want to start this week: - entry with road_runner_03 signals - close according to LVC I am not able to establish a correct relationship between the TF of both systems. I greatly appreciate you help me with this doubt and how you could to set this. I am convinced that good results could be achieved by joining your two magic ideas. Thanks a lot
Hello again,

also, I found that the n4s_05 opens trades near of the end of low tf trend, so I do not know if it 's because my setup is not correct or that I should not use it for opening operations with a system so.
uffff I hope you can contribute something . thank you
Learning
  • #105
  • May 9, 2016 3:23pm May 9, 2016 3:23pm
Quoting mohsinali
Trade against trend...
Which trend ?
No guts, no glory
  • #106
  • May 9, 2016 3:25pm May 9, 2016 3:25pm
Quoting troya7634
{quote} Hello again, also, I found that the n4s_05 opens trades near of the end of low tf trend, so I do not know if it 's because my setup is not correct or that I should not use it for opening operations with a system so. uffff I hope you can contribute something . thank you
I don't know how I missed your first post. I will elaborate on this tomorrow as I am outside now.
No guts, no glory
  • #107
  • May 9, 2016 6:01pm May 9, 2016 6:01pm
Quoting abokwaik
{quote} I don't know how I missed your first post. I will elaborate on this tomorrow as I am outside now.
No problem at all.
This is my setup:

Attached Image (click to enlarge)
Click to Enlarge Name: SETUP.JPG Size: 169 KB


...and this is my working chart, where I write three questions in red colour.....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroH1.png Size: 49 KB


I apologize if I 'm saying something stupid with these doubts.

Thanks again
Learning
  • #108
  • May 10, 2016 1:55am May 10, 2016 1:55am
USDJPY H4 i go long;
TARGET 117.000

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4.png Size: 88 KB
  • #109
  • May 10, 2016 1:56am May 10, 2016 1:56am
Quoting troya7634
{quote} No problem at all. This is my setup: {image} ...and this is my working chart, where I write three questions in red colour..... {image} I apologize if I 'm saying something stupid with these doubts. Thanks again
Hi troya,

My answers on your chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmicroH1-ans.PNG Size: 89 KB
No guts, no glory
  • #110
  • May 10, 2016 2:00am May 10, 2016 2:00am
Quoting Kubiasty
USDJPY H4 i go long; TARGET 117.000 {image}
If your stop at the bottom, that would be 2:1 RR, and I believe you'll play it weekly not intraday.
Good Luck.
No guts, no glory
  • #111
  • May 10, 2016 2:23am May 10, 2016 2:23am
Yesterday losses on Gold were around -6%. Would have been at least +3% if I took partial profit and move to BE, as most of the trades reached 1:1 RR, and some reached 3:1 RR. But I stick to the rules to see how it goes on the long run.

My plan for the week as in post 23 was to short gold below 1307. After NFP on Friday Gold closed Bullish for the day (unlike EU and GU after NFP), I thought gold will rally on Monday, and that where I was planning to go short. It did not, and it left the weekly gap open.

Upon approaching Friday open price yesterday, I though it would be a good place to target the weekly gap.
Anyway losses are accepted as part of this business, the key is to keep them at minimum.
No guts, no glory
  • #112
  • May 10, 2016 2:25am May 10, 2016 2:25am
Quoting abokwaik
Yesterday losses on Gold were around -6%. Would have been at least +3% if I took partial profit and move to BE, as most of the trades reached 1:1 RR, and some reached 3:1 RR. But I stick to the rules to see how it goes on the long run. My plan for the week as in post 23 was to short gold below 1307. After NFP on Friday Gold closed Bullish for the day (unlike EU and GU after NFP), I thought gold will rally on Monday, and that where I was planning to go short. It did not,...
When the going gets tough , the tough get going
  • #113
  • Edited 7:52am May 10, 2016 2:26am | Edited 7:52am
For intraday i go short EURUSD H1:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 55 KB


now:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5.png Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.png Size: 74 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD3.png Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD4.png Size: 40 KB
  • #114
  • May 10, 2016 2:51am May 10, 2016 2:51am
If someone is interested in DAX:

Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 61 KB
  • #115
  • May 10, 2016 5:38am May 10, 2016 5:38am
I have changed the starting date of the Trade Explorer to beginning of this week, hiding previous history, so we can better evaluate the performance of this trading style.
No guts, no glory
  • #116
  • May 10, 2016 8:16am May 10, 2016 8:16am
abokwaik u didnt trade today?
  • #117
  • May 10, 2016 8:19am May 10, 2016 8:19am
GOLD - buy limit 1258
Come on !!!
Learning
  • #118
  • Edited 9:28am May 10, 2016 9:02am | Edited 9:28am
Quoting Kubiasty
abokwaik u didnt trade today?
I did. Check Trade Explorer at top of the thread.
Couldn't catch a runner on Gold yet.
Bull & Bear are almost in balance around the daily open price.
It might break out hard, either make me a good return, or blow up in my face.
Most probably blow up in my face.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1_02.png Size: 44 KB



EDIT: Well, it did blew up in my face.
No guts, no glory
  • #119
  • May 10, 2016 9:15am May 10, 2016 9:15am
3rd position just added to NU long
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-10_101231 nu.png Size: 66 KB
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #120
  • Edited 9:50am May 10, 2016 9:25am | Edited 9:50am
Short on GOLD:

Attached Image (click to enlarge)
Click to Enlarge Name: short gold.png Size: 40 KB


EDIT: Closed at be +0.
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