Gertje wrote:Hi Bob,
I'm focussing on the H4/ D1 TF's using your system, and wonder what settings on the jumps you use on the trending trades. I try to "concentrade" on the crossing of the WP from your pivot-book [very interesting read!].
Like today, I got EURJPY cross the WP from below, entered a buy, and got to 190 pips profit at some point. The array of trademanagement EA's [ I have BBBE and 10+1 jump using the same magic#, mistake] raise the SL to ~120 pips profit and there the trade was stopped out, only to take off again. I banked some serious profit on this trade.
This kind of trades I would like to stay in longer, but using the 10+1 seems to be able to give away to much after reversal.
What do you suggest?
Hmm based on 10.3 beta till now, as expected, the best trades come from those where 10.2a and 10.3 are in sync, I only trade those exclusively because I.m terribly bad at making the right entrances. What I do is play with 1/2 of my typical lot size and enter a lot usually after DO.
If it works well, I add in another 1/2 about 100pips from entry.
If it doesn't I will add in another 1/2 trade at DP and then sit it out.
For all the trades, I apply BE at 10pips, lock in 2 pips. Thereafter 15pips JS. Closure is typically manual when I feel I've earned enough say 300-400pips, depending where I.m in thr TMA slope
Hard SL is at 50pips, TP at 100 pips
Reason for this is because as I.m basically doing a 10.2 trade I will have to let it sit and simmer, which may take a while.
Also I find that BE at 10pips, which if triggers SL At 20 pips means the trade setup is not right, then I go and find other currencies to trade.
Just my 2c
As for the eurjpy trade, it depends on your risk appetite, on hindsight things could always have been better, but at that point, it dropped 40pips. Meaning your trade would have went quite far -ve and would have hit the -18 SL before making its merry way up 100pips
