Attachments: Gold

Gold

Post #43,821
Quote
Sep 20, 12:48pm (20 min ago) Sep 20, 12:48pm (20 min ago)

profits7
Joined Feb 2022 | Status: RedCross_Crusader | 2,217 Posts

Quoting profits7

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{quote} ______________ I'll share it ALL , then ur tradin Chart will look like this = when you SHARE ,YOU will Rewarded 4sure {image} {image}

Ignored

__________ TP2 @2651 still 2Day

Don’t focus on making $$$, focus on protecting what you have.

Post #43,822
Quote
Sep 20, 12:51pm (17 min ago) Sep 20, 12:51pm (17 min ago)

mades
| Joined Jul 2007 | Status: Member | 1,280 Posts | Online Now

I would like to know what 5% of this weeks profit means. How much is it in R? If you do 5R a week, 5% would be 0.25R meaning it would be 25% of normal position. That sounds reasonable to me, but doing 5R weekly is quite a feat. If you do 2R, it drops to only 10% of normal position.

Or do you offset it with tighter SL so you dont need to drop your standard position size too much?

Post #43,823
Quote
Sep 20, 12:59pm (10 min ago) Sep 20, 12:59pm (10 min ago)

pedro319
Joined Jul 2013 | Status: Lost in trading? Pm me | 6,851 Posts

Quoting mades

Disliked

I would like to know what 5% of this weeks profit means. How much is it in R? If you do 5R a week, 5% would be 0.25R meaning it would be 25% of normal position. That sounds reasonable to me, but doing 5R weekly is quite a feat. If you do 2R, it drops to only 10% of normal position. Or do you offset it with tighter SL so you dont need to drop your standard position size too much?

Ignored

5% of weekly profits means if I lose I get to keep 95% of the profits.
Calculate distance to your levels and divide that by risk (using position size calculator) you get position size.
Split you normal position in 3 and there you go.
Not very complicated.
(I use split position for my entries when I don't know exactly where we are going but fairly confident about potential bounce).

Fibonacci will make you rich

Post #43,824
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Sep 20, 1:03pm (5 min ago) Sep 20, 1:03pm (5 min ago)

Robin.
| New Member | Status: Member | 20 Posts | Online Now

so long story short..I've lost last 2 weeks around 8k USD based on my prediction to FED (25 and will collapse from 2531, instead of 50points and no correction, there were many posts it will collapse even after 50 because it means disaster message to market as recession...it didn't)..wanted to recover by reading stories like will come back to 2500 will drop to 2300..not pointing at anybody it was my decision to keep short for too long. done my own analyses but my fault to stick to this place too much...

lesson learned..will I recover don't know.

at the end who remembers about falling angels

Post #43,825
Quote
Sep 20, 1:04pm (5 min ago) Sep 20, 1:04pm (5 min ago)

profits7
Joined Feb 2022 | Status: RedCross_Crusader | 2,217 Posts

Quoting profits7

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{quote} __________ TP2 @2651 still 2Day

Ignored

________ posted 9 days AGO = da RunAway train

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Don’t focus on making $$$, focus on protecting what you have.

Post #43,826
Quote
Sep 20, 1:04pm (5 min ago) Sep 20, 1:04pm (5 min ago)

Fardeen1209
Joined Jul 2021 | Status: Rookie | 3,360 Posts

Sellers got annihilated.
GL with that.
Told ya, probability to win majority of the time lies with price structure, not candlestick.
Candlestick is a 2nd tier trading tool.
Price structure is the first tier.
Nothing beat price structure. Not even wave analysis.

It is the price structure that build the wave and keep it going. While the wave analysis is just a probability what next is to be expected using from where we came from to where we are.
If price structure confirms what is expected, the price structure starts building upon itself in favour of the wave.

Riskin' ticks for points!

Post #43,827
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Sep 20, 1:07pm (1 min ago) Sep 20, 1:07pm (1 min ago)

mades
| Joined Jul 2007 | Status: Member | 1,280 Posts | Online Now

That sounds to me like a very very small position even with larger account. If I do $5k of profit, 5% is $250 meaning, if the stop loss is lets say $10 (100 pips), the initial position size will be 0.25 lot. Divide by 3 means 0.08 lot ($8 per 1$ move). If you do 5k a week, then your account is probably way above 100k. Very few traders here have this account size.