indeed.Gertje wrote:It indeed is. I really need to pinch myself sometimes. If I think of all the money I blew before finding Bob's gem's....nicoacademia wrote:amazing
The moving of the stop loss has been too much as a rule rather than on a particular trade you take a shot at a long run. It is nice to know that some days i can just bring my SL up and let a trade ride. It was never intended to be used on every trade. If you notice I never mention it other than to say never let a winner turn into a loser. Like the pips vs lot size thing it is a tool to use but I dont use them. i stick with my standard five cents to every thousand dollars lot size. I only bring up the SL to BE if I want to take a shot at a big run. Otherwise I pocket my profits I dont risk them for a BE trade. I trade to put pips in the bank not to let my greed train run.pips400 wrote:Hi Everyone, it's been a while since I've been on this thread, have spent the last couple of months learning price action on CJs thread which has been a real eye openner. What I love about Bobs system is it provides a framework and guidance for how to trade what you know and moves with the underlying trend. Reading through the last few dozen pages, it seems like some real success is being made by a number of people and so I congratulate you - well done.
I do have a question though which I hope someone can answer. With the original system when trading multiple position on a currency, the stop loss was moved to mid point between entry levels effectively break even for the open trades - so I'm wondering whether this apsect is still being used by those having success with this system. I notice some are trading multiple entries so just wondering how the stop loss is being managed.
Have a great weekend guys, you've earnt it
Pips400
Gary this is where the CSS comes in, comparing the 4H with Daily CSS and seeing which currencies are running weakest and strongest. This is really coming in handy without need to know the fundamentals. I need to emphasize how these two interact with each other more. For example. CAD and GBP were 1 or 2 all week as strongest currencies on the daily and aud and chf the weakest all week. See pic below.garyfritz wrote:I'm just getting started with 10.4, trading it live (demo) for the last few weeks. I wish I had been trading real money!! I don't know how I'll do when I don't have the AUD and JPY crashing, but I'm pleased with how I've done so far. I can only check trades a few times a day so I've just been running CandleTiger's dashboard and entering pendings on just about every pair that signals with RSI. I'm not pulling in 1000's of pips a day like you guys, but I'm happy! I've got about 1500 pips open profit on trades I entered this week, plus another 1100 on older trades:
I had $400 in losses when I first started 2 weeks ago, and one $70 loss this week, so I'm up a net of about $2100 in 2 weeks. I think I could comfortably do this on a $10k account -- the initial-trade risk was staggered as I entered positions over the 2 week period, mostly this week -- so I'm pretty tickled! Now the question is if I can keep doing this when AUD and JPY aren't making it easy...
