Eur... there is no correcting to occurr... Greece is screwed, Greece is part of Euro... Spain, Portugal are also along the same line... Euro does not have any good news, they are trying to stablise the Euro.. but until there is confident restored in ...

EURUSD has corrected...

R:R = 1:1 SL 30 - TP 30 First Entry SL - 30 pips - Trade size 0.33 Price moves 10 pips against me Second Entry SL - 20 pips - Trade size 0.5 Price moves another 10 pips against me Third Entry SL - 10 pips - Trade size 1 So now... Take Profit 1 = 30 ...

Multiple Entries and Fixed Stops Based on First Entry

I will always risk 1% per trade, if I get opportunity, I will add another 2% if this moves against me and add this only when it moves against me and not add if I am in profit, once I reach my target, R:R 1:1 or 1:2 or whatever, I will close my trade. ...

Multiple Entries and Fixed Stops Based on First Entry

I am not averaging down... my stop is fixed from the time I enter my first trade (sorry if this is not clear, my fixed stop is different everytime I get my signal... it could be 12 pips, it even cold be 34 pips) and then the rest of the other trades ...

Multiple Entries and Fixed Stops Based on First Entry

Right so here you go Waves... So based on my calulations Equity £1000 3% = £30 R:R = 1:1 SL 30 - TP 30 First Entry SL - 30 pips - Trade size 0.33 Price moves 10 pips against me Second Entry SL - 20 pips - Trade size 0.5 Price moves another 10 pips ...

Multiple Entries and Fixed Stops Based on First Entry

That is correct.

Multiple Entries and Fixed Stops Based on First Entry

Sorry I might be getting this incorrect... 'same spread costs' you mean per trade execution?

Multiple Entries and Fixed Stops Based on First Entry

Thanks... see how we go.

Multiple Entries and Fixed Stops Based on First Entry

3 entries - 3X2=6 on spread (excluding slippage) But overall... I might agree with you as my stop is the same.

Multiple Entries and Fixed Stops Based on First Entry

But how would you enter your trade? I see price whipsawing around the price... how would you base your entry? Is it possible for you to expand on this or provide an example?

Line in the Sand

No not really, this is all about controlling risk... with the tools I have, I have no more idea of where price is going to head. Price may turn where I am, I don't know to be sure. Though I will get in with 1% and I will aim to win 1% in the end of ...

Multiple Entries and Fixed Stops Based on First Entry

Yes I agree... there is this down, you paying spread, say 3 times... but the only thing I have found with this, I find myself not having to have a RR of more than 1:1 (in terms of pips) - I have to work the maths out on this. :-)

Multiple Entries and Fixed Stops Based on First Entry

Can you please expand on this?

Line in the Sand

url Who says humans control the market?

3-7 May: A week to be remembered in Forex

That I agree with... as by looking back at the charts you can see this, so I would not enter until the candle has closed, makes it a bit more easier.

Chutes and Ladders

I know Tony has said there is no repainting... but to confirm... can anyone run this on a simulator and check? As it does look too good to be true or Tony... you have come across... what I think, just looking back at the charts... a great system, ...

Chutes and Ladders

Sisse... you might have missed my question... then I take you are profitable with this method? Regards, Vip

Support and Resistance Trading Simplified

Hi Sisse, Ok great - I didn't see that you were using a MTF approach, I like your trading - keep it up! Are you profitable with this? What is your Profit Factor on this? Thanks, Vip

Support and Resistance Trading Simplified

Hi Sisse, I don't understand this - where is your swing high and low on this, as it does not seem to be marked correctly. Regards, Vip

Support and Resistance Trading Simplified