It would be wonderful to keep this thread alive and keep Big E legacy and it will not became a wreck just like original thread. Thumb up and up.
It would be wonderful to keep this thread alive and keep Big E legacy and it will not became a wreck just like original thread. Thumb up and up.
simply opened this transaction today. Hope it works out I typically seem to grab 45 pips a trade
I am nor sure about that trade.Look in your left,assess PA,assess increased TF (you heading against) and today is US bank holiday,so that you can anticipate low quantity.Originally Posted by ;
If I were you,I would switch to lower TP and play 1H as well as 30 min TF.
Do not worry about that. In the event the charts posted don't belong to Big E along with his philosophy I shall ban them immediately. No warnings. taught me how to run a correct thread.Originally Posted by ;
Do not search for a fixed number of pips. Instead look to take what the market gives you.Originally Posted by ;
Sure. Take the maximum number of money which you are willing to shed, and divide it by the number of entries you are prepared to take.Originally Posted by ;
This is really an instructive post.Originally Posted by ;
Now to other people here. Iron sharpens Iron. Do not take critiques personally.
To this article, very low quantity means large volatility. If your stops are tight, then they could be dismissed. Stay in a liquid environment where you have better control over leaves. Entries will take care of themselves with this particular method.
Simply-Me thanks for your input partner, I wasnt aware of the bank holiday so that clarifies the slow motion of the market. Gonna be a massive noob here and admit that I dont really refer to the PA due to lack of my comprehension of it lol, if someone would be a complete legend and throw us a link or provide a very simple explination of what it is and how to use it, otherwise its BURN and LEARN lol! Looking forward to studying more for everyone, so post em up!Originally Posted by ;
JMN why I go for the fixed pips is because I cant monitor my trades and pull out when required due to it being during sleeping time. (Sydney Australia)Originally Posted by ;
So sometimes I do cut myself short but im generally pretty pleased with only getting the direction right lol.
Also another thing is that I use very large stops to give the trades a bit of breathing room, and they do often get hit consequently providing me a sh!t R, thats why I asked for solid plan for cash management.
I love that analogy iron sharpens iron, you gotta have skin in the game and sometimes the best lessons are the ones that sting the most.
A tip about stops would be to use the PA to let you know when you're mistaken. By way of example, from the E/U, using a 200 pip stop makes no sensethat you are going to know that you're wrong before that. However , if it works for you that is a fantastic thing.Originally Posted by ;