Trade NR5
Capital 10.000$
Risk 5%
Potential Gain - 2130$
Potential Loss - 570$
Buy - 1244.7 ( Trade Active )
TP - 1266.00
SL - 1239.00
These are estimates calculated based on Tools provided by TV.
blog.tradingview.com...n-drawing-tool-4239/
Please choose your own risk/reward ratio and do not necessarily enter 5% just because it is stated here. Do your own due diligence how much you can afford to risk.
During the trade, levels may be adjusted manually such as SL moved to BE or in green zone protecting profit, trade closed manually, new trade added to existing one etc.
If so update will be pushed out.
Trades Completed: 4
Win: 0
Lost: 0
Break Even: 4
Gain: 0$
Capital 10.000$
Risk 5%
Potential Gain - 2130$
Potential Loss - 570$
Buy - 1244.7 ( Trade Active )
TP - 1266.00
SL - 1239.00
These are estimates calculated based on Tools provided by TV.
blog.tradingview.com...n-drawing-tool-4239/
Please choose your own risk/reward ratio and do not necessarily enter 5% just because it is stated here. Do your own due diligence how much you can afford to risk.
During the trade, levels may be adjusted manually such as SL moved to BE or in green zone protecting profit, trade closed manually, new trade added to existing one etc.
If so update will be pushed out.
Trades Completed: 4
Win: 0
Lost: 0
Break Even: 4
Gain: 0$
Trade active
Comment:
If 1248 will be provided by Gold on chart stop will be moved on BE for current trade.
Comment:
Once again, I will borrow the words from a TOP author here, I hope he will not mind:
-A Single or few trades result is not important. What's important is the net return at the end of the month, quarter and year. @Technician / All Rights Reserved.
So having a break even or SL on couple trades means nothing, as the next couple trades can hit TP and change the picture upside down. You can never know.
What will be important is what the result is after whole 30 trades - the general conclusion! But there is a catch, 30 trades don't tell you the performance, because of market conditions! If we make general gain during 30 trades that does not mean we can say that the trader is good. Maybe it was just that the market conditions at the given time frame during the 30 trades time period were good for the strategy that the one is using. We have strategies working in trending markets and not working in sideways markets, and vice versa, and 1000 of other aspects.
So sure enough after 30 trades, we would maybe need to do another 30 to make it better.
Next 30 trades we would make even more transparent and plug a real trading account to it with capital 10 grand and give access to it. This way the one would know that the trade is really taken and being operated by the given rules in TV idea. But first, let's complete the first 30.
And also do remember I do not trade this way for myself. I don't use SL's and I have way different trading style. Like stated before I got inspired by Technician and wanted to do the same to see for myself how it would go as I never had such trading style before. That is the only reason why this is being published the way it is, to serve for me as a record later on.
Also, do remember that initial capital is 10 grand. And trading style is exponential, meaning if we get profit it is being compounded. If this trade hit's TP trading capital for next trade would be 12,130$. If this trade hit's SL capital for next trade would be 9, 430$
Take care and all the best.
-A Single or few trades result is not important. What's important is the net return at the end of the month, quarter and year. @Technician / All Rights Reserved.
So having a break even or SL on couple trades means nothing, as the next couple trades can hit TP and change the picture upside down. You can never know.
What will be important is what the result is after whole 30 trades - the general conclusion! But there is a catch, 30 trades don't tell you the performance, because of market conditions! If we make general gain during 30 trades that does not mean we can say that the trader is good. Maybe it was just that the market conditions at the given time frame during the 30 trades time period were good for the strategy that the one is using. We have strategies working in trending markets and not working in sideways markets, and vice versa, and 1000 of other aspects.
So sure enough after 30 trades, we would maybe need to do another 30 to make it better.
Next 30 trades we would make even more transparent and plug a real trading account to it with capital 10 grand and give access to it. This way the one would know that the trade is really taken and being operated by the given rules in TV idea. But first, let's complete the first 30.
And also do remember I do not trade this way for myself. I don't use SL's and I have way different trading style. Like stated before I got inspired by Technician and wanted to do the same to see for myself how it would go as I never had such trading style before. That is the only reason why this is being published the way it is, to serve for me as a record later on.
Also, do remember that initial capital is 10 grand. And trading style is exponential, meaning if we get profit it is being compounded. If this trade hit's TP trading capital for next trade would be 12,130$. If this trade hit's SL capital for next trade would be 9, 430$
Take care and all the best.
Comment:
Gold Provide 1248 and as stated SL moved to BE.
I am cautious because of 1231 that confuses me as a target, but it comes from a different system. On the other hand, 1266 is the target produced by the proven system for me.
So just to protect the capital and gain 0$ instead of getting minus I am protecting it with BE at certain levels that I call road blockers.
Good Luck.
I am cautious because of 1231 that confuses me as a target, but it comes from a different system. On the other hand, 1266 is the target produced by the proven system for me.
So just to protect the capital and gain 0$ instead of getting minus I am protecting it with BE at certain levels that I call road blockers.
Good Luck.
Comment:
Capital Protected, BE hit.
Gain 0$
25 more trades ahead.
But for now, have a great weekend.
Gain 0$
25 more trades ahead.
But for now, have a great weekend.
