1:1 Risk:reward gives me a 90% win rate but...

generally the market tops out in a process....one such process i have shown in your chart
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metatrader54 said:
I having a feeling that I have to think more of a market structure approach
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it does not have to be very complicated structure but it can be basic...
.i do not want o put any more charts here

as you can see there are snipers waiting to shoot at any thing that moves.

pm me if you like

and i will show you some basic stuff

otherwise all the best in your wonderful journey ahead
 
metatrader54 said:
Currently my take profits vs stop loss are approximately 1:1, it is set according to market structure which happens to often be approximately 1:1. I get a pretty decent win rate with this (easily over 80%), however whenever I try to optimize it or "let winners run" it turns to shit, I probably get way less than 50% win rate with this.
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I trade Forex as well, so understand I am not an options trader or whatnot commenting on your post from a general perspective. That said, from my experience, what you wrote is par for the course when it comes to Forex. This is simply the way price behaves when it comes to exchange rates.

If you are going to let your profits run, you are going to need a definitive way of recognizing when a run is in progress and when it is over. Just as an example, I might opt to remain long for the duration as long as the rate maintains a position above the black moving average pictured below, and stick with short positions so long as the rate stays below it.

example.png


It was only last month that I introduced what you mentioned—adjusting my system for higher RR ratios. The way I am going about it is to use daily charts to reveal price range from a broader perspective, and then using lower timeframes to time my entries. For instance, I’m currently waiting to buy USDCAD for potential profits of several hundred pips, but so far, the pair has demonstrated it is not yet ready to turn north.

USDCADDaily.png


I find that with currency pairs, I have to give myself at least 30 to 40 pips leeway if I do not wish to be stopped out by the market makers and their shenanigans. But outside of the New York session and perhaps the first couple of hours of the London session, rates often oscillate up and down a mere ten pips or so. Consequently, using take profit vs stop loss of approximately 1:1 had been the norm for me ever since 2015. And as I mentioned before, if you go for more than that without a valid means of determining when to abandon your plan...it’s like you said...your win rate will very likely turn to manure.
 
Magic said:
If you actually want to build some capital up you need to learn what things the market actually compensates and build strategy around that.
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Hi Magic,
Are you talking about something other than PA or are you referring to DOM/Level 2?
 
expiated said:
I trade Forex as well, so understand I am not an options trader or whatnot commenting on your post from a general perspective. That said, from my experience, what you wrote is par for the course when it comes to Forex. This is simply the way price behaves when it comes to exchange rates.

If you are going to let your profits run, you are going to need a definitive way of recognizing when a run is in progress and when it is over. Just as an example, I might opt to remain long for the duration as long as the rate maintains a position above the black moving average pictured below, and stick with short positions so long as the rate stays below it.

View attachment 205234

It was only last month that I introduced what you mentioned—adjusting my system for higher RR ratios. The way I am going about it is to use daily charts to reveal price range from a broader perspective, and then using lower timeframes to time my entries. For instance, I’m currently waiting to buy USDCAD for potential profits of several hundred pips, but so far, the pair has demonstrated it is not yet ready to turn north.

View attachment 205235

I find that with currency pairs, I have to give myself at least 30 to 40 pips leeway if I do not wish to be stopped out by the market makers and their shenanigans. But outside of the New York session and perhaps the first couple of hours of the London session, rates often oscillate up and down a mere ten pips or so. Consequently, using take profit vs stop loss of approximately 1:1 had been the norm for me ever since 2015. And as I mentioned before, if you go for more than that without a valid means of determining when to abandon your plan...it’s like you said...your win rate will very likely turn to manure.
More...

you have given away some very valuable inside info about forex....:D
 
expiated said:
I trade Forex as well, so understand I am not an options trader or whatnot commenting on your post from a general perspective. That said, from my experience, what you wrote is par for the course when it comes to Forex. This is simply the way price behaves when it comes to exchange rates.

If you are going to let your profits run, you are going to need a definitive way of recognizing when a run is in progress and when it is over. Just as an example, I might opt to remain long for the duration as long as the rate maintains a position above the black moving average pictured below, and stick with short positions so long as the rate stays below it.

View attachment 205234

It was only last month that I introduced what you mentioned—adjusting my system for higher RR ratios. The way I am going about it is to use daily charts to reveal price range from a broader perspective, and then using lower timeframes to time my entries. For instance, I’m currently waiting to buy USDCAD for potential profits of several hundred pips, but so far, the pair has demonstrated it is not yet ready to turn north.

View attachment 205235

I find that with currency pairs, I have to give myself at least 30 to 40 pips leeway if I do not wish to be stopped out by the market makers and their shenanigans. But outside of the New York session and perhaps the first couple of hours of the London session, rates often oscillate up and down a mere ten pips or so. Consequently, using take profit vs stop loss of approximately 1:1 had been the norm for me ever since 2015. And as I mentioned before, if you go for more than that without a valid means of determining when to abandon your plan...it’s like you said...your win rate will very likely turn to manure.
More...

once forex is understood it is the easiest money and pretty fast too especially,if you can use leverage sensibly, or like i do ,rashly.
sorry this is off topic
 
padutrader said:
it does not have to be very complicated structure but it can be basic...
.i do not want o put any more charts here

as you can see there are snipers waiting to shoot at any thing that moves.

pm me if you like

and i will show you some basic stuff

otherwise all the best in your wonderful journey ahead
More...

Sorry, but your going to train a guy with a claimed 90% win rate ??? your going to train him to only win 20% of the time ???

Funniest post EVER!!!

Snipers only get 1 shot, before the enemy knows they are there, then it's time to crawl into a hole to try to survive the artillery and mortar fire they'll call in on your location, because disappearing, so you wait for a high value target.
 
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