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- BeginnerJoe replied Nov 24, 2013
Well if the risk wasn't enormous, you'd be trading 120%
. Obviously you can reduce the impact of the enormous risk by going small.Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Not using SL is not going to help you. They know your entry price. To survive their assaults, you'd need a great deal more. I never said I have the grail, or maybe I did, but half jokingly. If the banks are predictable in what they do, perhaps their ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
I know of no one who would not pick up money if they see it laying on the ground. Ok, maybe there are a few stupid ones who wouldn't. In your experience, are banks known to be stupid ? Most retail gamblers suck because they have been trained to hand ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Well, if you keep the trade open, the pips will evaporate. Given my previous explanation, I think even a high schooler can work out why the pips disappear.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
The example I gave is just a simple one so that all the high schoolers can understand without asking too much questions. Since you are not the only one the bank is dealing with, maybe someone else is giving the bank a better deal. So the bank goes ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
I don't think a 75% win rate system can be improved further. If still unsatisfied, you can give realjumper's technique a try or 2+2's 123 system.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
No stop loss does not mean no risk control. Since you have a 75% win rate system, I suggest you stick to that. The first blood of the week has been drawn. The banks bought high and sold low to me in eur/usd short.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Who said I was ranting. I was trying to tell people why they lose. From the eur thread, I tell people I keep inventory. Like several others, you too consider yourself an expert in predicting how long a draw down lasts. But like them, you have no ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
I count the number of people who are like you.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
You are putting words in my mouth. I said when you can't predict, don't.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
How: long and short Why: for profit Why2: make bank buy high sell low
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Judging by your trade at 10, I would say your predictive capability is as good as 2+2's. In that case I would suggest restraining yourself and avoid further predictions.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
But 99.9% of the people use stops. We have a big SL fan here realjumper who will be happy to give you all the liquidity you need.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
When you bought high at 10, selling at 5 is selling low, and selling at 1 is still selling low. I am shocked you need this to be explained to you. Money is just not safe in your hands. Do you have a guardian you can give you money to for safe ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Stop orders more or less always get filled by the banks as you already know that. This would suggest all your trades are more or less buying higher than you would sell. I would abandon a trade when the prospect of a profit is no longer there.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Where you buy 10 stop 5: High = 10 Low = 5
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
I am not the only one to be able to predict. You too predicted the market behaviour earlier when you said banks fill orders (buy orders, sell, orders, stop orders, etc).
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
You are failing to recognize buying high and selling low is bad for you.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
No, I don't post trades. Occasionally I post the direction I am interested. You are mixing me up with someone else.
Trading Without a StopLoss
- BeginnerJoe replied Nov 24, 2013
Ok, I take your word for it. Who is using this system then ?
Trading Without a StopLoss