What I gave you was a metaphor. My heart doesn't play a part in my trading. It used to when I gambled and sought the adrenaline. Now trading is a thinking game and involves just the mind. My heart barely makes a beat if I see a 100 pips of profit on ...

Trading Without a StopLoss

I am polygamous when it comes to trading. I keep a whole harem at my service. If any particular one is out of favour, I might like her later. Maybe you are one of those serial monogamists ? But probability favours the polygamist. It's probably ...

Trading Without a StopLoss

You are making the same error as 2+2. How do you know it's indefinite ? You can tell the future like 2+2 could ? An account killer is something malignant. Not all bad trades are malignant.

Trading Without a StopLoss

Some dancing took days, other dancing took weeks. The dancing can take as long as it needs. This is the reason for having the capacity. One could dance and trade at the same time. A lot of trading is waiting anyway, so a bit of dancing is no ...

Trading Without a StopLoss

I don't have multi-year trades. I do have multi-month trades. I have the capacity to carry a loss for months or years. I find it to be a good thing because I am not easily bustable. I believe trades can be danced out of trouble.

Trading Without a StopLoss

MT4 time can't be changed except by the broker. But it's too technical for them to know how to do it. So the best thing to do is just to live with it. Maybe the time you are getting is the right one anyway.

EURUSD

I don't have multi-year losses. But others claim I would have if I don't use SL. I do have the capacity to carry a loss for years. Generally I work my trades. If there's no hope, the trade will be discarded or transformed. My trades are not the ...

Trading Without a StopLoss

Actually I do know. It will go against me until it will go for me. But for noobies they could not see the "for me" part. Hence they believe it will run multi-year in the wrong direction, non-stop.

Trading Without a StopLoss

The argument was that 2+2 was saying the market (trades) was unpredictable, except on losing trades. On losing trades those were supposed to be predictable to run for multiple years. Therefore it makes sense to use SL to prevent a multi-year loss. ...

Trading Without a StopLoss

That doesn't sound very scary. I don't use stops, and I eat spikes for breakfast, and I often look for spikes to help me load up. Can't you do better ? How about Obama declares forex all closed down tomorrow ? That would scare me.

EURUSD

You don't always have to predict the future. If you want to catch rain, you don't have to know when it's going to rain, all you have to do is hold out a bucket.

Food for Trading Thought

Nope. Missed pips. Then missed the trades those pips would have freed up. So a whole load of mess. But there were plenty of pips else where. AUD, NZD short pips were a-plenty all day long. But had I had it, GBP would have definitely be the biggest ...

EURUSD

AUD dove in sympathy with GBP. Now they have decoupled. I missed my pay this morning on GBP owing to oversleep. Looks like I will get paid before the day is out.

EURUSD

His gut. But guts are often wrong. I say long aud when the decline halts.

EURUSD

Oh. If he's that new, maybe he was just testing some buttons or something to learn the ropes.

EURUSD

As you are so proud of it, I guess you ? Why did you let me back in ?

EURUSD

The eur/aud down move was made before the interest rate announcement. Maybe you know this already: down moves are usually followed by up moves. Now you know why.

EURUSD

You said you were much better than me. I am happy to accept it. I wasn't lying. Here, let me give you something else to throw a fit on: 100% of trades I closed out yesterday and today were winners and there were large number of them. I generally ...

Trading Without a StopLoss

I'd say UJ is looking for a break out. But just because it's looking doesn't mean it will succeed. No use gambling until after the break out.

EURUSD

Why short when it's going up ? Your stop loss is going to hang you until dead. GBP is going down. Now, that's a place to short.

EURUSD