-

[withnail]

Also nice setup to get in later on in day (I wasn't around),

[withnail]

Nice article on Risk to Reward,
http://www.learntotradethemarket.com/fo ... rex-trader
http://www.learntotradethemarket.com/fo ... isk-reward


Cheers Withnail.

[withnail]

Removing a few things that proved not to be useful,
Withnail

[withnail]

http://lessons.tradingacademy.com/artic ... your-risk/




***Edit added later forgot to put the dollar index chart in

Cheers,
Withnail

[bettlebox]

Pure poerty in motion.

http://lessons.tradingacademy.com/article/try-this-to-lower-your-risk/




Cheers,
Withnail

[withnail]

Thanks BB.
3R trades GU.



Cheers,
Withnail

[withnail]

I try to balance the elements of this formula in my trading. Also I started to use it to assess my trading rather than on $$ that gives me issues.
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
Also an interesting way to assess trades.
http://backtestingblog.com/wp-content/u ... ample1.png
And use this style of MM to protect MY money and give the positive benefit of exponential maths.

Be aware of this :-
http://i1212.photobucket.com/albums/cc4 ... oup-cr.gif



Probability of Win -- Small level inside a HTF level, time of day etc.
Average Win -- 3:1 as usual min and 2 trade opened to try to maximise R:R as short of the weekly high.
Probability of Loss -- Now 0 as trade was managed to win:win situation.
Average Loss -- Tight Stop use small level to get in on htf level

Example -- Increase average win

Cheers,
Withnail

[withnail]

I got stopped out of the short on Tue before my target (CZ1). Flipped long yesterday.

I think it's time to call it a day posting trades it is probably getting boring for everyone. This log has certainly helped get to where I wanted and I really enjoyed posting it. I hope it has been some use to others too. I wish everyone good luck with their trading.
Some things that have helped me:-
Finally realising there are more things to being a good trader other than entries - I took some convincing
Reading trading in the zone and working on my brain (thanks PGW & G).
Understanding the 2 functions of money management and applying it consistently.
Apart from all the great info and threads here I also recommend.
Sam Seiden fxstreet videos and his online trading achademy articles,
Withnail.

[dojirock]

Withnail,

Its been nice reading your thread....the charts were real helpful.

Good luck, Keep pippin!

dojirock

[Braathen]

I got stopped out of the short on Tue before my target (CZ1). Flipped long yesterday.

I think it's time to call it a day posting trades it is probably getting boring for everyone. This log has certainly helped get to where I wanted and I really enjoyed posting it. I hope it has been some use to others too. I wish everyone good luck with their trading.
Some things that have helped me:-
Finally realising there are more things to being a good trader other than entries - I took some convincing
Reading trading in the zone and working on my brain (thanks PGW & G).
Understanding the 2 functions of money management and applying it consistently.
Apart from all the great info and threads here I also recommend.
Sam Seiden fxstreet videos and his online trading achademy articles.
Michael Huddleston - Inner Circle Trader.
Cheers,
Withnail.

If you want to make it more exciting you could post a few live trades
as you make them I havnt looked all the way through your thread
to see if you already have, just a thought

Happy pippen!