If scalping.. most ppl know it.

10 pips, 1 trade per week sure 100% winrate but if you have 100USD you gain what lol need 10k in account for this strategy 1 week 1% = 1k.

Any trend following trader here? Wanna ask if you want to let your profit run, which means you don't have tp, so how do you maintain RR at least 1:2?

Many years ago... i used trailing stops... then i realized market don't move in the same speed all the time... not to mention the need for VPS to monitor the trades.

If you are unsure when to close a trade. Look at the higher timeframe. The clue is there.

Yea currently using trail stops too. But not sure bout the at least 1:2 RR. Let say now i got profit double of my risk, then eventually the price starts to fall back and maybe even fall back near to my initial entry since the condition to use trail stop is not there yet.

Maybe to even have 1:2 RR is not really trend following method? Since once you ride the big trend, the reward can be huge

You cannot maintain that because nobody know how long the trend last.

trailing stops is a fixed number, cant be used because daily volatility is different.
too small, will hit easily, too big then cant accumulate pips. every currency pips volatility is different, very pening

mitigate this by multi-lot / see daily/weekly important levels.

This post has been edited by AllnGap: Jan 18 2017, 08:35 AM

Thanks for the feedback!

Mitigate multi lot meaning taking partial profit?

split into 2 lot. TP 1st lot. 2nd lot no trail just let it go.

or u may want to triple lot whack near ur entry when it really pullback to that area because sometimes might retest a few times.
especially if that area never got pullback before.

sometimes it just engulfing fly up, those are the ones that will retest because big banks never got the chance to buy at low or at breakout

Yea currently will tp partially. So i guess is similar with splitting 2 lots right? Provided i want to maintain same risk %.

I asked this scenario to see is there a better way to manage the position for others

there is no way of knowing how it will move, but u may try to TP both lots at the significant short level if it's heading north ( because at that level sure got residue of shorts at that level)
then let it pullback to the bottom (or wait for it to flip north again), then reenter again.
by doing so, you pocket the profit d, but your re-entry have to manage well to avoid jumping in too early.

options
(a) TP both at next level (pocketed 2 x 100pips = 200pips)
(b) TP one at next level, 2nd lot hit BE OR 2nd lot continue to go up (pocketed 100pips + 2nd lot)
© TP both at next level, then reentry during pullback (pocketed 200pips, then enter at 50% of pullback again)

so all these strategies depends on your preference, or on your entry skills to be exact.

AllnGap thanks for your advice bro!

are you trading breakout ?
if u enter right after the breakout, then the probability of a pullback is very high.

lets say the breakout happened during london time, then during US session, they'll push it back to get a better price.
or if the breakout happened during US time, the next day during London session, the pullback will happen.

if so, better TP right after the breakout, then during pullback re-enter again.

so u breakout trader or a pullback wan

Hints on higher timeframe. Whether its supply or demand.

But, if you want to trade simple way. I guess, partial close will be good enough. Let the half lot sail.



This post has been edited by demolationz: Jan 18 2017, 05:45 PM

How do u guys see Euro-USD, GBP-USD and Gold-USD trading tonight? Especially with the Fed's speeches coming in later?

Usually breakout. Yea gonna stick with that method and reenter then.

Yea gonna at least partially close if hit 1:2 first. and see how my results go. Thanks

This post has been edited by hehe86: Jan 18 2017, 08:04 PM

usually for breakout i will TP all. then wait for pullback again.

unless the breakout retest a few times, then can forget about the pullback

yep this is what i use last time for trend trading 1:1 SL:TP and then 1 more just let it go..

Looks like GOLD is heading SOUTH. Anyone taking it?

yes it is.