Short NZDCAD @ .8880, s/l .8910 20:1 leverage. Will update when I add.
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 5,273 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
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Disliked{quote} Was this an Alien system trade? If so, did you take it off the higher time frames? Do you have a target area?Ignored
Disliked{quote} 90% of my trades are based on alien system. This was a 1HR DS. I have added at .8840, so now 40:1 leverage avg. price .8860, stops at be. Risk free trade shooting for .8760. As is, will result in 40% but will probably add one more time. Free trade for 40%, can't ask for much more.Ignored
Disliked{quote} 90% of my trades are based on alien system. This was a 1HR DS. I have added at .8840, so now 40:1 leverage avg. price .8860, stops at be. Risk free trade shooting for .8760. As is, will result in 40% but will probably add one more time. Free trade for 40%, can't ask for much more.Ignored
DislikedI am new in Forex and also in this forum. Could you please post an example of your trading setup and explain in the chart how you enter and re-enter the trade?Ignored
Dislikedtight stop loss can be the answer .choosing high safe turning points after the move have been well established have a nice day allIgnored
Disliked{quote} Stops at BE in this case means having your minimum net P/L on all positions at zero. For example, if you open a long at 1.10 and then open another at 1.20 (with the same lot size), placing your stops at 1.15 gives you a risk-free trade.Ignored
Disliked{quote} thank you sir i use this three steps 1-high possibility turning point 2-established move i reached some numbers like more then 5 pips enter target 12 pips then 20 then 50 i got the numbers from a long study of numbers 3-tight stop loss some times i use it manually i interfere manually there is another away for high net worth accounts i used once and i succeed in making 18000$ in less than a minute it is buying high lots in an established direction but it is so risky i reached about 60 lots in just couple of seconds and i took few pips...Ignored
Disliked{quote} I appreciate your time in answering back but it does appear OP uses a different technique. 60 lots even on a smal pip change would be pretty big! thats some high stakes trading you are doing there. Take care.Ignored
Disliked{quote} Stops at BE in this case means having your minimum net P/L on all positions at zero. For example, if you open a long at 1.10 and then open another at 1.20 (with the same lot size), placing your stops at 1.15 gives you a risk-free trade.Ignored
Disliked{quote} This is what i suspected was going on. However, i'm not so sure this can work consistently, surely? i mean moving your average SL to BE would mean potentially giving up your gains (READ: losing your gain on your first trade) if the trade were to turn and hit that "BE". You've effectively "lost" a trade now in this scenario.Ignored
Disliked{quote} This is exactly correct. I trade a normal account as well as this one. Yes, a high percentage of trades get stopped out at be. However, when you have a strong trend and make 60, 100, 150% on a trade, it still grows much faster than my normal account. My largest gain on a trade was 640% on a gbpaud short. This method works best with pairs with large ADR- EURAUD, GBPAUD, EURJPY, GBPJPY, EURCAD, GBPCAD, etc.... It's not for EURGBPIgnored