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| The Captains Chest - Naked Trading & Other Stuff https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1572 |
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| Author: | Wavegarrick [ Mon Mar 19, 2018 5:02 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Well you have not answered my question, however all due respect to you  . Surely you have stoplosses, it has to be, because you would have been in the same situation as me. In hindsight guys it is not all about the good but also about reality. It is good to know when to get into a trade. The stark reality lies when to get out. Maybe Dawidforex has the recipe? Kindly ellaborate if you wish.Cheers Leon |
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| Author: | rewand [ Mon Mar 19, 2018 5:57 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Why are you looking at fancy arrows? They have no influence on pa. If you know when to get in, then you are supposed to know when to get out. Same thing. There is no reality only price moving with its intent and direction. The recipe is included in the thread, just read and study. |
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| Author: | Wavegarrick [ Mon Mar 19, 2018 6:10 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
No Idea what you are talking about Rewand. It has no relevance to this discussion 
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| Author: | husale [ Mon Mar 19, 2018 6:10 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
That's the point. Everyone is looking for entry but does not know where to get out! Nobody shows where the distribution can wash |
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| Author: | dydynamic [ Mon Mar 19, 2018 6:34 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
The truth about forex is that if you are not undercapitalized(you have at least 10,000usd), you can easily do what Dawidforex is doing, the problem is that most traders are undercapitalized(less than 1000usd) and so when the market goes against us in the short term, we feel very uncomfortable, even if you know how to count levels, pushes and pa, sometimes the market misbehaves... |
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| Author: | Wavegarrick [ Mon Mar 19, 2018 6:56 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Hi Dy, I agree every bit. I do respect Dawidforex and on the contrary he has a mechanism to get ot of losing trades quickly, at least so I hope, which makes it good for small accounts. However lets not be under any illusion here, with little communication from him makes it dangerous for followers, especially noobs. Cheers Leon |
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| Author: | rewand [ Mon Mar 19, 2018 7:01 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
It does have relevance, the problem is not understanding the scope of the thread, be it level count or other elements of fox hunting. Same with the question of where to quit. It has been covered in the thread very well. Why would anyone repeat the same thing? It is not true that no one tells it. The problem is that people do not understand even when it is told. |
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| Author: | dydynamic [ Mon Mar 19, 2018 7:42 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Retail traders need to find a way of knowing what the big boys know...... The big boys have so much cash to trade because they work together and trade together and use us the retail traders as bait.....If all retail traders work together, I am sure we can hold our ground.....No big boy likes loosing, cos if they do not mind loosing why stop hunting.... :youknow: |
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| Author: | ericjschroeder [ Mon Mar 19, 2018 11:54 pm ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
I am far from an expert but since I cannot watch the markets as much as I want, I am testing my own MM along with learning entries, etc. I read somewhere about a trader that hated having the market go against him so he would immediately exit the trade if it did but then get back in again, and again if necessary. I am using my own EA and I set a SL usually above/below a recent pinbar, and if price goes 25% against, the EA exits the trade and then sets a pending to get back in if price turns back around again. That way price has to swing back and forth 4 times to achieve a 1% loss, my current risk level. I am also using a 10 bar ATR stop on the H1 TF which seems to let most decent runs go as long as possible. So if I lose .25, .5, .75 or 1% and price eventually goes my way, it is covered, and if price completely reverses, I only lose 0.25% instead of a full loss. Still testing. |
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| Author: | Wavegarrick [ Tue Mar 20, 2018 4:20 am ] |
| Post subject: | The Captains Chest - Naked Trading & Other Stuff |
Thanks Guys for your valuable input Cheers Leon |
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