Thread: Interactive Trading Setups Disscussion

Originally Posted by abdelaziz46

Hi all,
I wanna have if possible some opinions regarding where you put your SL for a Cypher pattern???
Regards

abdelaziz, I have learnt to place stop X+spread+ x pips.
This is what I am currently trying to reduce.
There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
Here is the link:
Forex Trading Workshop
It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
Have a nice weekend!

Originally Posted by lobogabor

abdelaziz, I have learnt to place stop X+spread+ x pips.
This is what I am currently trying to reduce.
There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
Here is the link:
Forex Trading Workshop
It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
Have a nice weekend!

Thanks a lot Lobogabor,

Yes I'm register in this worshop end september it will be amazing. I'm currently following these guys for a while now and it seems that they place the SL on the fibo 113 of XA. Which is safe I think but the probleme with this technique is the R:R which becomes really low...

Thanks for your answer

Regards

Originally Posted by lobogabor

abdelaziz, I have learnt to place stop X+spread+ x pips.
This is what I am currently trying to reduce.
There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
Here is the link:
Forex Trading Workshop
It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
Have a nice weekend!

Have a nice weekend tooo

Originally Posted by abdelaziz46

Thanks a lot Lobogabor,

the R:R which becomes really low...
Regards

Again, I just can quote: R/R for TP1 must be minimum 1:1, preferably better. If not, do not take the trade.
As I calculated, even for 1:1 at 38,2 TP1 it does not give me a warm feeling, since TP1 is half the profit at TP1 (compared to a SL) with BE on the other half. So take your calculator and check how many TP2 needed to be profitable.

Originally Posted by lobogabor

Again, I just can quote: R/R for TP1 must be minimum 1:1, preferably better. If not, do not take the trade.
As I calculated, even for 1:1 at 38,2 TP1 it does not give me a warm feeling, since TP1 is half the profit at TP1 (compared to a SL) with BE on the other half. So take your calculator and check how many TP2 needed to be profitable.

I absolutly agree... I never take a trade with a lower R:R than 1:1. I was taking a minimum of 1:2 but I was too many times stopped by the Sl.... so I prefer lowering my R:R and win more trades... Will see.....

Thanks for your help

Regards

Originally Posted by abdelaziz46

I absolutly agree... I never take a trade with a lower R:R than 1:1. I was taking a minimum of 1:2 but I was too many times stopped by the Sl.... so I prefer lowering my R:R and win more trades... Will see.....

Thanks for your help

Regards

With my harmonic patterns my R:R is usually around 10:1 and more. It's easy if you look for pattern on M15 - H4 and you enter from M1-M5. The difficult part is to keep position till TP is reached. Psyche as always. Difficult part.

Originally Posted by lobogabor

abdelaziz, I have learnt to place stop X+spread+ x pips.
This is what I am currently trying to reduce.
There will be a 1 week free traing coming up at end of Sep, from the guys who train harmonics very convincingly. If you have never spent time on their training, I do strongly suggest you not to miss it this time!
Here is the link:
Forex Trading Workshop
It will be 2 hrs every day starting around 14.00 CET, but you will get details as soon as you register I guess.
I also found sometimes their cypher training video on one of the blogs, but for obvious reasons that has diseppeared very soon after .
Have a nice weekend!

thanks for sharing this, the trailer looks cool!

Originally Posted by kor4x

thanks for sharing this, the trailer looks cool!

kor I have not even watched it until you told me, but agree, looks cool.
They provide a better training than the trailer, I hope their video production effort to get to Hollywood, will not decrease their focus from training quality though
Have you ever participated in their free stuff?
Jason Stapleton was always against EAs and harmonic indis, nowadays interestingly both are coming into their business somehow + the video production