will be short EUR/USD
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About me
- notebooktrader
- Ösiland - Muniche - Zurich - London, Germany
- I'm a professional financial trader, living in Ösiland-Germany-Switzerland-London and working for hedgefunds in Switzerland and Germany. This is a blog about my private trades. More information on the initial posting
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7 Kommentare:
Yes I've been short and was stopped out on 1R trailing.
Sorry, I tried to correct my first post, but somehow I have deleted it.
But now, finally I know this blog software. :))
You write that you have been stopped out on “1 R trailing”, just that I´m sure to understand you correctly, you mean “1 R initial”, don´t you?
Regards
Bernd
Hallo Bernd
Sorry that this $&%%§ is so complicated :(
1R is always the volatility that the trades need. If my trade is going in the right direction I trail the stopp based on this 1R.
Lets say I go long 1 contract at 100 and 1R is 10 my stop is at 90.
if the trade goes to 105 then i rais my trade to 95. Because the space that the trade needs is 10.
Thats my trailing stopp.
EVERYTHING is based on 1R
cheers
No problem, now this software is working fine for me.
So this means sometimes you are using trailing stops and sometimes you are using fixed targets?
How do you decide what you will use in what case?
Regards
Bernd
sorry to be so unclear about my tradingstyle.
I have a stop
I have a target all the time
and i have a trailing.
sample
entry 100
r1 = 10
stopp 90
target 110
if the price go to 105 and then turn around I will be stopped out at 95 because it could'nt reach 110 and the trailing is 10.
The problem is, I do this for years so it's so clear to me but not to everybody else.
Now it is clear to me.
You have both, target and trailing stop.
And you are trailing your 1 R initial stop, after the trade was moving in your direction.
Sorry that I´m understanding so slowly. :)
Regards
Bernd
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