Trading Made Simple the right way, and other trading lessons - Page 3
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Thread: Trading Made Simple the right way, and other trading lessons

  1. #21
    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.

  2. #22
    simply opened this transaction today. Hope it works out I typically seem to grab 45 pips a trade

  3. #23
    Nowadays anyone keen to share some cash mangement tips or egies?

  4. #24
    Quote Originally Posted by ;
    just opened this trade today. Hope it works out I generally seem to grab 45 pips a trade picture
    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.
    If I were you,I would switch to lower TP and play 1H as well as 30 min TF.

  5. #25
    Quote Originally Posted by ;
    It would be great to keep this thread alive and keep Big E heritage and hopefully it won't turned into a wreck like original thread. Thumb up and subscribing.
    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.

    Quote Originally Posted by ;
    just opened this trade now. Hope it works out I usually seem to ch 45 pips a trade picture
    Do not search for a fixed number of pips. Instead look to take what the market gives you.

    Quote Originally Posted by ;
    Now anyone eager to share some cash mangement hints or egies?
    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.

  6. #26
    Quote Originally Posted by ;
    quote I'm nor sure about that trade.Look on your left,assess PA,assess increased TF (you going against) and now is US bank holiday,so you may anticipate low volume. If I had been you,I'd switch to lower TP and play 1H or even 30 min TF.
    This is really an instructive post.

    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.

  7. #27
    Quote Originally Posted by ;
    quote I'm nor sure about that trade.Look on your left,assess PA,assess increased TF (you going against) and today is US bank holiday,which means that you may anticipate low volume. If I had been you,I would switch to reduce TP and play 1H or even 30 min TF.
    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!

  8. #28
    Quote Originally Posted by ;
    quote Don't worry about that. If the charts posted do not belong to Big E and his philosophy I shall ban them immediately. No warnings. taught me the way to conduct a correct thread. quote Don't search for a determined amount of pips. Instead look to choose what the market provides you. quote Sure. Take the maximum quantity of money that you are inclined to lose, and divide it by the amount of entries you are prepared to take.
    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)
    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.

  9. #29
    Another trade I have just put before bed, all of the best everyone.

  10. #30
    Quote Originally Posted by ;
    quote JMN the reason I go for the fixed pips is since I cant monitor my trades and pull out when required because of it being during sleeping time. (Sydney Australia) So sometimes I do cut myself short but im usually pretty happy with only getting the direction correct lol. Also another thing is that I use very massive stops to provide the trades a bit of breathing space, and they do often get hit consequently giving me a sh!t R, thats why I asked for strong plan for cash management. I love that analogy iron wrought iron, you gotta have skin in the game and...
    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.

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