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High Reward to Risk Trading

  • #241
  • May 18, 2016 6:39am May 18, 2016 6:39am
Quoting GPips
Took a couple stops earlier this morning...this ones looking a bit better {image}
You're the Kiwi Master.
No guts, no glory
  • #242
  • May 18, 2016 6:42am May 18, 2016 6:42am
Hi Khalil, notice you trading GJ...Can I ask what BB power speed you use for GJ?

Say hello to the wife for me
  • #243
  • May 18, 2016 6:44am May 18, 2016 6:44am
Quoting GPips
Took a couple stops earlier this morning...this ones looking a bit better {image}
Took the same entry.

Here is my reason why I took it.

Attached Image (click to enlarge)
Click to Enlarge Name: 05.18.2016-14.40.png Size: 76 KB


1. Price drops fast.
2.4h Demand from the left
3. Decision point to go higher and then break the origin of the move down 1.
4.The origin of the down move is broken (1), price may want to go higher.
5.Comes back to the decision point where the pros decided to take the price higher which means they left unfilled order there to fill later.
6.Will watch here, a struggle to break this zone means price may severe down.A break of the zone ,price may go higher.Only PA & time will tell.
  • #244
  • May 18, 2016 6:55am May 18, 2016 6:55am
Clear imbalance of power on GU.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1_13.png Size: 47 KB
No guts, no glory
  • #245
  • May 18, 2016 6:56am May 18, 2016 6:56am
Quoting gwindy
Hi Khalil, notice you trading GJ...Can I ask what BB power speed you use for GJ? Say hello to the wife for me
35 points/second.
No guts, no glory
  • #246
  • May 18, 2016 6:59am May 18, 2016 6:59am
Sell orders clreared for gbp/usd.

The 2 remaining barriers are the white rectangles
Attached Image (click to enlarge)
Click to Enlarge Name: XQpjHHv.png Size: 61 KB
  • #247
  • May 18, 2016 7:01am May 18, 2016 7:01am
Quoting timos
Sell orders clreared for gbp/usd. The 2 remaining barriers are the white rectangles {image}
Nice Ride timos.
No guts, no glory
  • #248
  • May 18, 2016 7:06am May 18, 2016 7:06am
book marked
  • #249
  • May 18, 2016 7:16am May 18, 2016 7:16am
Since I am heavy short for the USD
I closed the gbp/usd for 150 pips and 15% gain
Attached Image (click to enlarge)
Click to Enlarge Name: 05.18.2016-15.12.png Size: 41 KB


If USD bears continue,I will gain from the other positions.
  • #250
  • May 18, 2016 7:24am May 18, 2016 7:24am
Quoting timos
Since I am heavy short for the USD I closed the gbp/usd for 150 pips and 15% gain {image} If USD bears continue,I will gain from the other positions.
Yeh, I think its about time.
No guts, no glory
  • #251
  • May 18, 2016 7:25am May 18, 2016 7:25am
Quoting abokwaik
Clear imbalance of power on GU. {image}
whats the driver?
GBP or USD and what can you say about this?
  • #252
  • May 18, 2016 7:29am May 18, 2016 7:29am
Gold Long, and UJ short didn't live long.
An I was beaten hard on Pound.
Not a good day for me.
But that's trading, you win some, you lose some.
Just make sure you win more than you lose.
No guts, no glory
  • #253
  • May 18, 2016 7:32am May 18, 2016 7:32am
Quoting 21vs7
{quote} whats the driver? GBP or USD and what can you say about this?
I think Pound was the driver.
Good micro news --> retail traders buy in ---> market get them out ---> smart money rally.
No guts, no glory
  • #254
  • May 18, 2016 7:36am May 18, 2016 7:36am
Quoting abokwaik
{quote} I think Pound was the driver. Good micro news --> retail traders buy in ---> market get them out ---> smart money rally.
yes agreed...and probably another leg coming into end of laaandan..so keeping longs on gbpxxx. short are very dangerous imo

pound showed strenght yesterday already. just no follow up at that point...consolidation thru americas and assia yesterday into td landan attack
if they are fully loaded we will have continuance. probably best pick GBPCAD imo
  • #255
  • May 19, 2016 9:20am May 19, 2016 9:20am
It's been a tough war with Pound on (GU & GJ fronts).
I managed to minimize the losses.
I have two survived soldiers still fighting, lets see how much more they can reach.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 39 KB
No guts, no glory
  • #256
  • May 19, 2016 12:51pm May 19, 2016 12:51pm
Do the trade that makes you puke!
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #257
  • May 19, 2016 1:02pm May 19, 2016 1:02pm
Quoting abokwaik
It's been a tough war with Pound on (GU & GJ fronts). I managed to minimize the losses. I have two survived soldiers still fighting, lets see how much more they can reach. {image}

good work .... go on ...
Position sizing, risk & phycology management are real definition of trading
  • #258
  • May 20, 2016 4:35pm May 20, 2016 4:35pm
Quoting abokwaik
It's been a tough war with Pound on (GU & GJ fronts). I managed to minimize the losses. I have two survived soldiers still fighting, lets see how much more they can reach. {image}
Awesome

Sell limit on supply ?
  • #259
  • May 21, 2016 4:34am May 21, 2016 4:34am
On the second week, I hardly managed to recover first week losses.
It seems that we are not going anywhere, right ?

Is it me, is it the system, is it the market ?

To cut the story short: for next week I am going to manage one account manually, and a second account via a robot.
So it will be me vs robot.

Let see how next week will end.
No guts, no glory
  • #260
  • May 21, 2016 4:52am May 21, 2016 4:52am
Quoting abokwaik
Tip : Enter in the place of your planned stop. Live example, just now. (on Gold). {image} Proof of concept. (within 3 hours) This is exactly what I am talking about. It happens most of the time. This one reached 5:1 RR so far. {image} After 6 hours, reached > 10:1 RR. {image}
It happens all the time. Another one on Gold yesterday.
Unfortunately I didn't use my own tip :nerd:.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 48 KB


For people using systems with predefined SL, try it out.
When your system give a buy signal with a predefined stop, don' take the signal, and open a pending buy limit at the stop level given by the system with a SL much less that the original stop (e.g. one third), and a first TP at the entry level give by the system.

I might do it test it my self on few of my systems.
No guts, no glory
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