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Recovery system with a different twist
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=193		 Page 2 of 6
Author:  ROBST3R [ Thu Jan 05, 2012 11:33 am ]
Post subject:  Re: Recovery system with a different twist
DragosDanescu wrote:Rob, may I ask, what kind of signal as trigger you using?
I`m always trading with synergy bars
Author:  DragosDanescu [ Thu Jan 05, 2012 12:42 pm ]
Post subject:  Re: Recovery system with a different twist
Ah, thanks

Synergy APB is the indi?
Author:  ROBST3R [ Thu Jan 05, 2012 2:35 pm ]
Post subject:  Re: Recovery system with a different twist
DragosDanescu wrote:Ah, thanks

Synergy APB is the indi?
Yes it is. Do you have it?
Author:  DragosDanescu [ Thu Jan 05, 2012 2:55 pm ]
Post subject:  Re: Recovery system with a different twist
ROBST3R wrote:
DragosDanescu wrote:Ah, thanks

Synergy APB is the indi?
Yes it is. Do you have it?
I used to have it, but you can post it here, can't find it atm... :lol: Thanks
Author:  ROBST3R [ Thu Jan 05, 2012 4:54 pm ]
Post subject:  Re: Recovery system with a different twist
DragosDanescu wrote:
ROBST3R wrote:
DragosDanescu wrote:Ah, thanks

Synergy APB is the indi?
Yes it is. Do you have it?
I used to have it, but you can post it here, can't find it atm... :lol: Thanks
Author:  Iamshakey [ Fri Jan 06, 2012 10:29 pm ]
Post subject:  Re: Recovery system with a different twist
ROBST3R wrote:
DragosDanescu wrote:Rob, may I ask, what kind of signal as trigger you using?
I`m always trading with synergy bars
I like the Synergy bars as well. I like using them to manually trail stops. Also, they filter out a lot of distracting price action. Much less stressful for some people

I also like to keep the bars on the chart, as well.

Simply go to chart properties, and set the "bar up" and "bar down settings to somthing that will show up under the synergy bars. You will be able to see the bars behind them. This way, you can see the open and close and get a good feel for price action as well.

however, Rob, it looks like on your system, (nice simple one) you might need to see the colored tails, and seeing too much price actions might be BAD for you.

Shake
Author:  Iamshakey [ Fri Jan 06, 2012 10:43 pm ]
Post subject:  Re: Recovery system with a different twist
Hi Shake,

Thnx for your long awnser :lol:

I got 2 losers and after that ik played same base lot and got a winner, after that i played another baselot and got to be, so i went on with another baselot and got another 4 winners all +20pips. So it was a good day! just take a trade what looks good to take and see how it run out!

Today i started baselot and i won 6X baselot +20 pips! So i didn`t get any losses.
I still need a few to see how i will react emotionaly, but it is easier for me to step in a trade to know that i will come back to be eventually!

I trade 2% of my account each trade! 0.02 lots :lol:

Sorry for my bad english.

I really like this aproach

Blessings
Rob[/quote]

Glad it helps, Rob. Stay tuned, I have an additional thought about keeping it stress free with this system I will post later when I have time. :lol:
Author:  alifari [ Sat Jan 07, 2012 2:00 am ]
Post subject:  Re: Recovery system with a different twist
Khalaad wrote:
Iamshakey wrote: All points well taken. :?
Market Wizard Larry Hite made his million respecting risk:
Because we know that we don't know. No matter what information you have, no matter what you are doing, you can be wrong. I have a friend who has amassed a fortune in excess of $100 million. He taught me two basic lessons. First, if you never bet your lifestyle, from a trading standpoint, nothing bad will ever happen to you. Second, if you know what the worst possible outcome is, it gives you tremendous freedom. The truth is that, while you can't quantify reward, you can quantify risk.

Amazing story
Author:  Iamshakey [ Sat Jan 07, 2012 10:36 am ]
Post subject:  Re: Recovery system with a different twist
alifari wrote:
Khalaad wrote:
Iamshakey wrote: All points well taken. :?
Market Wizard Larry Hite made his million respecting risk:
Because we know that we don't know. No matter what information you have, no matter what you are doing, you can be wrong. I have a friend who has amassed a fortune in excess of $100 million. He taught me two basic lessons. First, if you never bet your lifestyle, from a trading standpoint, nothing bad will ever happen to you. Second, if you know what the worst possible outcome is, it gives you tremendous freedom. The truth is that, while you can't quantify reward, you can quantify risk.

Amazing story
Great stuff,alifari.

Shake
Author:  Pellican [ Sat Jan 07, 2012 3:38 pm ]
Post subject:  Re: Recovery system with a different twist
"you can't quantify reward, you can quantify risk"

Great quote. New words to live by.
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