Forex is not game, It is business.

[Tanveer333]

Long EU +5 locked I took this earlier and got stopped It had gotten about 6 pips on that trade but I probably had a buy stop triggering it a few above the open and missed the profit. So second shot looked like I was going to stop out on that also as I was down -14 with leverage (not recommended) . But as luck would have it pulled it off

[Asif777]

There has been no shortage of craziness today, as per usual Mizi if you could put a bigger label on your chart it would be easier to see what pair you are in

[Hanif484]

It's a good question, when I say +5 locked it is just a target that I am looking to get to alter the trade. So at +5 on the trade I might move my stop to BE +1, I might take a % profit off, or take the 5 pips as profit. It all depends on price movement or may be on that particular day I am looking for a run on the trade I will move my stop to BE +1, then if it gets to +10 I may put on a 10 trailer, if it moves to big numbers like +40 I often will switch to a 20 trailer

[Tanveer333]

I won't go into analysis now, because I don't have the time. I don't take every trade that shows for one thing, also there are many variations of trade management and profit taking. My target is always to get to +5 (locked) but like them when then run on too... not so easy to catch the ride but sometimes do. Offsets losses. But analyzing this method mechanically with a straight P/L potential I would probably not trade it either. But for me it works the way I apply it and I am changing things as I go, in managing the trade, sometimes for better, sometimes for worse... but certainly learn in the process. And the core principles stay the same without changing settings because there are none to change.
Good Trading to you also

[Asif777]

Thanks Hal for sharing. As You could see on Bone Backtest it works, yes. But I'm not satisfied with the outcome, especially because of the spread/TP ratio. I find it really hard currently to stay in Market for bigger moves than 5 pips (I use something similar). AS I said, 2016 was nice but it drops down to a minimum edge (for me at least on bone trading)

[Hanif484]

With what I have a problem is to handle the bigger SL if the LOW of the current entry candle has too much space to a low after the entry with 5 Pips TP. I have to check if the W/L Ratio gets better if the low of the entry candle is only few pips away from the open. But I suggest that you than get out too often due to the little Space you have (so you have less loss but more often,- so at the end it would be the same as just taking every trade, even with a bigger SL).

[Tanveer333]

Hmmm....I am not a naysayer...I just wanted the people to understand the the W/L Ratio on the bone trading of that system (market edge) currently is very low,- at least on EUR/USD compared to 2016. For example the GBP/USD currently is hard to trade because lots of fake price action is going on so the bone method presented is not sufficient to make a living out of it. May be you give hints how to handle that?

[Asif777]

As I said: The system works by bones, yes. And I'm grateful for TooSlow for showing because he got me Idea to look for lows in market.
But as I also said, for examlpe on EUR/USD 2016 we still had even W/L Ratios over 2,5 on hourly base, now it creeps around 1,2 as I said. That is what I wanted to mention. But yes, you definetly have a market edge. For me it is always a pity that newcomers trades 10 trades and the are frustated like puntid28

[Hanif484]

Thanks for feedback, I'm semi-professional. It would be awesome to let me know your thoughts regarding the flaws. You said, there are other things you watch out for, so not taking every trade. I think that is the major step for most systems: "You have the bones; now put meat on it" (some nice pro said here).

[zonyakhan]

Dear maray khayal say ya soch galat ha k forex forum ak game ni ha balkay maray khayal say ya ak trading ha jis say hum apni life ko easy bana saktay hain or ham apni wishes ko pure kar saktay hain