Trading naked (โดย beaker)
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Trading naked การสนทนา
Jan 13, 2010 at 09:24
เป็นสมาชิกตั้งแต่ Jan 13, 2010
1 โพสต์
my trading system:
I will use the weekly and the daily time frame
Draw trendlines:
Downtrend: if the line goes from the top left corner of the screen to the right low corner
Up trend : If the line goes from down left corner of the screen to the up right corner
Weekly trendline is stronger than the daily trendline
Use daily chart for entries
I do not use any indicators and order entries are mainly after NY close or around London opening.
I trade 2 setups:
Setup 1:
Inside, outside or PIN bars: entry is 2 pips + spread above high or below low. stoploss is 100 pips or 2 pips + spread above swing high/below swing low if less
Setup 2:
At or near support/resistance near a weekly trendline AND/OR a weekly or monthly fibonaccilevel
Risc/reward:
Maximum risc is 100 pips
Reward must be at least the risc, preferably 2x the risc
Targets:
Use fibonacci or horizontal support/resistance as targets.
Trailing stop:
When the trade is +70 pips add a trailingstop of 50 pips and let the trade play itself out.
If initial stop is hit:
Use anti-hedging strategy: if stopped out, the price must travel more than 50 pips further than the stop-out-price. If so, place a stop-order at the original stoploss. Swing high/low is the new stoploss. If stopped out again, then the stop is final. Apply the anti-hedging only once.
I will use the weekly and the daily time frame
Draw trendlines:
Downtrend: if the line goes from the top left corner of the screen to the right low corner
Up trend : If the line goes from down left corner of the screen to the up right corner
Weekly trendline is stronger than the daily trendline
Use daily chart for entries
I do not use any indicators and order entries are mainly after NY close or around London opening.
I trade 2 setups:
Setup 1:
Inside, outside or PIN bars: entry is 2 pips + spread above high or below low. stoploss is 100 pips or 2 pips + spread above swing high/below swing low if less
Setup 2:
At or near support/resistance near a weekly trendline AND/OR a weekly or monthly fibonaccilevel
Risc/reward:
Maximum risc is 100 pips
Reward must be at least the risc, preferably 2x the risc
Targets:
Use fibonacci or horizontal support/resistance as targets.
Trailing stop:
When the trade is +70 pips add a trailingstop of 50 pips and let the trade play itself out.
If initial stop is hit:
Use anti-hedging strategy: if stopped out, the price must travel more than 50 pips further than the stop-out-price. If so, place a stop-order at the original stoploss. Swing high/low is the new stoploss. If stopped out again, then the stop is final. Apply the anti-hedging only once.
Leave your brains at the door
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