- Posts: 11
- Thank you received: 0
1000+ pts fx trade........
Less
More
13 years 2 months ago #1957
by Mike-in-Paris
Replied by Mike-in-Paris on topic 1000+ pts fx trade........
I do not see that KI has to explain why and how each takes each individual trade.
Everyone will take a trade using his own skills, and decisions - EMA's, Bollinger bands, MACD, fibs etc
the main point of the system is you take a basket of trades at the start of the week and you are looking for the mid term weekly movement (not day trade on the 15mins) and you have a large enough stop loss that each does not trigger dues to a small bit of bad news.
the idea is as well is that it is hands off.
You do not really care if one share is losing as it is the overall result that counts
Everyone will take a trade using his own skills, and decisions - EMA's, Bollinger bands, MACD, fibs etc
the main point of the system is you take a basket of trades at the start of the week and you are looking for the mid term weekly movement (not day trade on the 15mins) and you have a large enough stop loss that each does not trigger dues to a small bit of bad news.
the idea is as well is that it is hands off.
You do not really care if one share is losing as it is the overall result that counts
The following user(s) said Thank You: crossed digits
Please Log in or Create an account to join the conversation.
Less
More
- Posts: 92
- Thank you received: 0
13 years 3 months ago #1924
by Broad-rock
Replied by Broad-rock on topic 1000+ pts fx trade........
I would like more info on this system, but a look at 2 facts that we know about will help;
1. Stop loss was 100 pips/pair x 10 = potential loss of 1000 pips.
2. System returned 1150 pips this week, pretty good i would say,
except the risk / reward is not really that good with-out knowing the how and why of the trades.
also I didn't see any charts to explain why the trades taken in the 1st place, how do we judge a system when we know very little about it..
1. Stop loss was 100 pips/pair x 10 = potential loss of 1000 pips.
2. System returned 1150 pips this week, pretty good i would say,
except the risk / reward is not really that good with-out knowing the how and why of the trades.
also I didn't see any charts to explain why the trades taken in the 1st place, how do we judge a system when we know very little about it..
Please Log in or Create an account to join the conversation.
13 years 3 months ago #1923
by Rossymc
Diver
I thought because of the size of the trade initiated more would have got involved? There are some on here who love to take and not give or even get involved. You are not included in this.
Broadoak
A lodge of interest would be to get involved, ask questions, respond, try to work out the method etc. How many posted a chart in response? How many wanted a second week?
Hope all is well
RMc
Replied by Rossymc on topic 1000+ pts fx trade........
diver993 wrote: Ross I think there's plenty of folk interested but if the guy doesn't want to share there's not a lot of point mate. Like many others, I'm very willing to listen and learn but, you can take a horse to water but you can't make him drink
Maybe he will mellow with passing of time. Or do you want to start a separate list of recommendations
Diver
I thought because of the size of the trade initiated more would have got involved? There are some on here who love to take and not give or even get involved. You are not included in this.
Broadoak
A lodge of interest would be to get involved, ask questions, respond, try to work out the method etc. How many posted a chart in response? How many wanted a second week?
Hope all is well
RMc
Please Log in or Create an account to join the conversation.
13 years 3 months ago #1913
by diver993
Replied by diver993 on topic 1000+ pts fx trade........
Ok, I'll kick things off with a long on EUR/GBP, target 0.84180, being 50fib retrace of the move started July 2011 and finished July 2012. Should take 3 waves. The only problem - it may well take longer than a week
Please Log in or Create an account to join the conversation.
13 years 3 months ago #1912
by diver993
Replied by diver993 on topic 1000+ pts fx trade........
Ross I think there's plenty of folk interested but if the guy doesn't want to share there's not a lot of point mate. Like many others, I'm very willing to listen and learn but, you can take a horse to water but you can't make him drink 
Maybe he will mellow with passing of time. Or do you want to start a separate list of recommendations
Maybe he will mellow with passing of time. Or do you want to start a separate list of recommendations
Please Log in or Create an account to join the conversation.
Less
More
- Posts: 92
- Thank you received: 0
13 years 3 months ago #1910
by Broad-rock
Replied by Broad-rock on topic 1000+ pts fx trade........
What do you mean no interest?
Where do we lodge our interest?
Where do we lodge our interest?
Please Log in or Create an account to join the conversation.
Moderators: remo
Time to create page: 0.084 seconds
