Create a strategy and test it, see what works and you'll find your exit point. Stops are to protect your account and also to keep your from potential gains, placement of them are far more important than entry as they will define your trade as winner ...

stop loss

System is what i started with, entry on signal and exit on opposite signal... this left me with b/e trades most of the time. My system has now turned to method/stretegy which enables me to hold profitable ones longer thus minimizing risk. As ...

METHOD vs SYSTEM and the destructive EA

Most still insist on buying at the top. Very tragic!

EURUSD

Give up sleep for trading. Never again.

What was your biggest Forex mistake ?

Watch possible break on 1h trendline as more bears sit on price.

EURUSD

You can go 4H and Dialy with micro. For mini you can go with 5min and 15min chart. What I use to do when my account was minimal i would enter from 1H bar signal from my system and then only enter when a pull back occured... this actually minimized ...

Low account size, what timeframe is suitable?

You have a point, but there is simply too many of them!

New NFA Regulation!

Discipline will only benefit you if you have an edge, discipline alone will only delay your failure.

The Miracle of Discipline, by Rob Booker

If you have to trade this way you might want to reduce it to 2 days out the week. Lack of sleep will eventually lead to bad decisions.

Sleeping and Trading

Most still insist to buy at the top and sell at the bottom. Market logic?

EURUSD

Quite the challenge to understand that one, rather stick to Merlin's Amazin strat!

Charts on Drugs or works of Art?

Scalper, swing trader, or position trader it don't matter you must find a way to let the few good ones run and ride the waves, just like surfing. Now that's profitable! Answer this one: which ones are the profitable ones? When should I exit? That ...

What is your most profitable trading method?

Pairs traded will be only eur/usd, usd/cad, and e/J. Still not sure if i will keep this thread open yet as it will only take more of my time to keep updating now that I see it. It's like prooving something for no purpose.

Live 4H Trades 2010

As traders we must learn to manage risk. In this story the thief like most newer traders went for the big bucks on sight but probably lost it all as he couldn't keep emotions in check. He could have walked away without the diamond as there is always ...

A story about a burglar and forex

Even if that was the case, most traders will still find a way to loose money. You can still be profitable with patters that only work 20-30% of the time... As Mr. Soros has said before "It doesn't matter how often you are right or wrong - it only ...

Why a chart pattern fails?

Very key in trading. Adjust your system to current market volatility for better results in setting stops and defining risk.

% Wins v Risk Reward?

Thanks, I couldn't explain my first loss in months with this system I will fix my time right away!

AMAZING Strategy!!!

As you can see, the market can be traded in many different ways. What may seem to work for us may not be profitable for the next trader... there is no right or wrong answer.

Moving stops to BE

You sure are limiting your trade potential at any given point when you decide to close the trade... that's something we can't really control. That's why it really depends on how you like to trade. The main reason i choose the timed exits is because ...

Moving stops to BE