The hard road to consistency

[calmeurotrader]

stop hit

 

[calmeurotrader]

Quote from oldtime:

actually, I owe you an apology.....

Well, you probably didn't feel comfortable with the method. I am trying to develop something I can trade without any doubt.
Anyway I have one setup with 6 pips risk and flexible target of 50-150 pips which doesn't happen very often...This is almost your 1:infinity trade

 

[oldtime]

do you enter your stop with the broker, or do you just take it when it the price gets hit?

 

[calmeurotrader]

Quote from oldtime:

do you enter your stop with the broker, or do you just take it when it the price gets hit?

I use OCO orders placed with the broker most of the time

 

[oldtime]

Quote from calmeurotrader:

I use OCO orders placed with the broker most of the time

I trade with interactive who most consider to be pretty reputable. Back when I was trading with stops, many times it got to within half a pip and I still didn't get hit.

But there was one time during the afternoon when I had a stop in to enter on some USD/CHF and apparently I was the only bid. The market hadn't done anything all day long. The chart was quite comical. Nothing, and then a big spike up to hit my stop.

 

[calmeurotrader]

today P/L: -84$

 

[calmeurotrader]

SELL 169K 65 STOP 74 LMT 26

 

[oldtime]

Quote from calmeurotrader:

SELL 169K 65 STOP 74 LMT 26

That was a good one. I should just be doing what you're doing. You're making out better than me right now. I'm actually long, but I'm rooting for 26, because I want to see you hit one.

 

[oldtime]

all right man very nice

I probably would have bailed the first time it bounced off 27 and gotten filled at 30

 

[calmeurotrader]

Quote from oldtime:

That was a good one. I should just be doing what you're doing. You're making out better than me right now. I'm actually long, but I'm rooting for 26, because I want to see you hit one.

Thanks, target hit at 10:10 GMT