loss eur/aud

I wanted to show a recent loss that i had. Remember smart money management, and you can brush trades like this off no sweat. My experience is No matter how many pips away your stop loss is make it the same comfortable risk amount each time and base it off risk/reward. this way if you trade 10 trades you can loose over half of them and still make money!

Comment by Gill on June 9, 2012 at 6:09pm

Flip just about......That's the thing about Kumo break: the possibility of that retrace - when it feels like it - I'm trying to figure out how the future cloud can tell us this... but it doesn't always and then you miss an entry... nothing is perfect is it

Gill

Comment by 2ndSkiesForex on June 9, 2012 at 6:58pm

Hello Trae,

I actually have a library of videos I did over 3years on the Ichimoku Cloud, particularly trading Kumo breaks (scroll down) which you are welcome to peruse.  Hopefully you will find them helpful in trading Kumo breaks.

There were a couple of clues on how to have a different stop loss placement, a second entry, along with what were possible clues this was going to pull back into the zone of your stop.

Hope this helps.

Kind Regards,
Chris Capre
2ndSkiesForex.com


Comment by Trae on June 9, 2012 at 10:56pm
I wasnt around when my stop was hit and my experience with break even stops or trailing stops there often hit so I end up with no money in my account. that to me is not sucsess. I have a low stress trading plan were I hit a good risk reward and I currently have 7 out of 10 winners on a risk of 1 and reward of 2 comes out in the end.
Comment by Trae on June 9, 2012 at 10:56pm
Or greater reward
Comment by Trae on June 9, 2012 at 11:27pm
Well I am a big fan in your style Lisa its a good plan and very accurate 80 percent of the time which is huge I plan to try and learn more from you im began using it really soon
Comment by Gill on June 10, 2012 at 2:51am

QUOTE ''

I was the queen of break-even thinking break-evens went in the win column ...

but I’m learning to not fear the market and I can make a loss back if I’m any good Ƹ̵̡Ӝ̵̨̄Ʒ''

So Lisa do you mean leave the stop loss, let it run to it, if it hits let it hit/

Don't try to stop it and break even? Is that what you mean?

Comment by Gill on June 10, 2012 at 3:26am

ok - yes i have been doing what Trae said - think of the amount you would lose and be comfortable with that - be as if you can say '' ah well  - onto the next'' not ''ah no flip, oh no i have to get that back.... aaaah'' ... ok yes i get you now, when you place the stop you place it in that position for a reason - to give room - so let it use the room you gave it or else deal with the consequences

Comment by talisman on June 10, 2012 at 3:31am

good demonstration.  as you say the key is to trade correctly.  showing your losses takes confidence because theres always people who will explain why something was an obvious no play ( with the benifit of hindsight) . in reality we never know which ones will work and which ones won t, we just need to know we have a winning method in the long run.  you are interesting to follow. truly overt traders are a rarity.

Comment by Trae on June 10, 2012 at 4:24am

Yes Gill if you are comfortable waging $100.00 per trade you can wage that no matter the amount of pips. if its 20 pips just divide the amount in this case $100.00 to the amount of pips 20  which. this would = 5 so we no we need to trade .5 lot if its a 100 pip stop this would = 1 so a buck a pip or .10 this way if you trade to risk your $100.00 to reward yourself with at least $200.00 or 1to 2 r/r you can actually loose 2out of 3 times and not loose a dime if you trade 10 times and loose 6 trades you still have made $100.00 bucks profit. forgive me if I have explained something you already know I do not want to insult anyone, but using this has changed my hole outlook on trading especially with longer term trades.   

Comment by Trae on June 10, 2012 at 4:25am

thank you Talisman for you comment 

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