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- G.p. replied Nov 18, 2012
I don't think you can lose all money in 1 day if you have proper risk management. For example: risk 1% a day. Markets change all the time and rules can be adjusted accordingly, or a more trending market can be chosen instead of a messy one. I don't ...
- G.p. replied Nov 17, 2012
Keep the posts coming.
- G.p. replied Nov 15, 2012
That's nice, however more detail would be great, I too can make a good trade and leave it for 457 days. (Just sayin') lol
- G.p. replied Nov 15, 2012
C'mon guys, there must be someone who makes money month after month and can even prove it! I just want to see some good examples!
- G.p. replied Oct 11, 2012
For a 85% win rate you have to take bigger risks than possible profits. It migh work for a while than a bad beat will blow you up. 100% guaranteed. What do you mean by 2% relative drawdown? Do you plan to make money until the world ends?
- G.p. replied Oct 11, 2012
There are better and worse systems. What is the holy grail anyways???!
- G.p. replied Aug 26, 2012
Yeah, I will work on it next week, thanks for the advice!
- G.p. replied Aug 26, 2012
I enter a positions when it hits resistance or support so anything wider doesn't make sense to me. There is usually another S.R. line not far out but I would rather take it in 2 pieces.
- G.p. replied Aug 26, 2012
Trading stocks in 2009-2010 was dumb-easy but forex is a bit more tricky. You can get a trade right, than a news come out for the pound and everything gets messed up. I also try to avoid other USD pairs other than EUR/USD becouse that's just 1 more ...
- G.p. replied Aug 26, 2012
I like to place and close trades within a few minutes. Sometimes I keep positions overnight aswell. Cash stops? (I don't risk more than 1%)
- G.p. replied Aug 26, 2012
I think I understand price action, I spent a lot of time watching the charts. My problem might be too tight stops (10pips) which causes worse win ratio which doesn't cover my typical 30pip TP targets. I like trading indexes and currencies which has ...
- G.p. replied Aug 26, 2012
All your questions need an explanation as I don't understand a bit. Thanks.
- G.p. replied Aug 22, 2012
Or the market is manipulated. I'm going to trade just the open. I usually win there.
- G.p. replied Aug 22, 2012
I'm such a terrible trader you should probably write a book about me.... I have a win ratio of about 30% and R/R of 1:1. Go figure.... And there is nothing wrong with my risk management I take 1% losses as my main hobby. I try to follow the trend ...
- G.p. replied Aug 8, 2012
I was hoping for some risk-free money (to trade), but I guess there is no such thing even if they promote it like this.
- G.p. replied Aug 8, 2012
Pealse proceed. What is your general TP in pips, what does it depend on, and how you determin the short term direction. Hope it's not a secret.
- G.p. replied Aug 8, 2012
I guess there is one conclusion to all this: if you can find a recurring pattern (tendency, trend) than you can trade it with proper R/R management. Everything else is futile.
- G.p. replied Aug 8, 2012
I know what trend trading is. It simple: buy on backtests and support in an uptrend and the opposite in a downtrend. The problem is: there is no trend now, the market is choppy like hell. I don't see how anyone can make money in this.
- G.p. replied Aug 8, 2012
Funny thing is I have no greed or fear left at all, I have discipline to wait for the trades and apply proper risk control. That's not the issue here. Yesterday I was trading the DAX on 1min. I placed trades with 1:1 R/R so basicly I had 50% either ...
- G.p. replied Aug 8, 2012
I don't think you should to tell me how to win but if you were a winning trader could tell me how exactly you came up with your trading plan. If it's based on "instinct" I'm pretty bad at it. At least when it comes to day-trading. On a daily chart ...