- Search Metals Mine
- BeginnerJoe replied Nov 12, 2013
Being kicked out is to do with incorrect sizing. Incorrect sizing is to do with gambling. Gambles are best guarded with stop losses. Also one shouldn't be married to the direction. One should trade the profitable direction regardless of what long or ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 12, 2013
You must be the owner of a bank to know how much it takes for them to move prices.
EURUSD
- BeginnerJoe replied Nov 12, 2013
Because they are also constrained by people who have longs. The price move is designed so that nobody gets out. Maybe after a night of restless sleep perhaps those trap-ees will capitulate.
EURUSD
- BeginnerJoe replied Nov 12, 2013
Not necessarily. I am also short and short biased. a quick 800 pip move will be very nice.
EURUSD
- BeginnerJoe replied Nov 12, 2013
eur/usd will stay below 1.3454. That's where my lowest long is at. They won't be letting me out until they take me for a -800 pip ride first. So that level is a good place to short.
EURUSD
- BeginnerJoe replied Nov 12, 2013
Given you poor predictive capability, your guarantee is not worthy much. In a year I will still be here, because my account balance goes up every day, assuming of course I don't get banned first for making all the noobies cry.
Trading Without a StopLoss
- BeginnerJoe replied Nov 12, 2013
If your guarantee to buy high and sell low, that will hurt. To buy at 10 and stop at 5 is such a guarantee. Tell me. what reason do you have to deliberately tell people you want to buy high and sell low ? Are you not worried they will accept your ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 11, 2013
I don't find the pro's to be any better. I get Reuters news headlines with their supposed pro's calling out trades. Looks to me they are gambling. They tend to sweep their losers under the rug very quickly and never to be seen again. Pro's can often ...
EURUSD
- BeginnerJoe replied Nov 11, 2013
Stop gambling will save you even more money. In fact it will make you money. I regularly sleep upto 8-10 hours with 20+ open trades without stops, and sleep very well. In fact I make money every day, because some of those trades come into money ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 11, 2013
Why should that be hilarious ? I don't use stops, but I have the option to should I consider a particular trade is a quick gamble. But I don't do gambling often. So no use for stops.
Trading Without a StopLoss
- BeginnerJoe replied Nov 10, 2013
The market uses a very simple strategy: buy low sell high. I am not convinced the strategies you have there will defeat the market's strategy. So testing doesn't really do any good. To defeat the market's strategy, it will take significantly more ...
Opinions on how far to backtest
- BeginnerJoe replied Nov 10, 2013
It also depends on how much profit the spike will produce. If weathercheck hands out 50 pips with his stop, perhaps it will be worth a nice spike.
EURUSD
- BeginnerJoe replied Nov 10, 2013
The edge is made. The entry is uncritical. The ultimate trader is one who sculpts his edge in any environment.
Trading Without a StopLoss
- BeginnerJoe replied Nov 10, 2013
Even the best of them makes occasional misjudgement. My analysis is that he underestimated the size of his opponents. He should have held his position and traded the other side until the momentum in that direction is spent. At that point he can ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 10, 2013
I have it out for you because you make a claim and unable to support it. The question remains: how are you able to predict with such certainty a draw down will continue into multi-year ?
Trading Without a StopLoss
- BeginnerJoe replied Nov 10, 2013
Why would they not target him ? If he sets out to sell high and buy back low at stop, the market will have great reasons to target him. The market is there to make profit is it not ?
Trading Without a StopLoss
- BeginnerJoe replied Nov 10, 2013
Like 2+2, you are only able to predict the losing direction. That's a sign of some one who fears losing disproportionately, someone who doesn't win much if at all. It's perfectly OK to not believe in holy grail. If everyone has one that would be a ...
Trading Without a StopLoss
- BeginnerJoe replied Nov 9, 2013
So 2+2 has been teaching you 123 ? But be careful. 2+2 seems better able to predict the losing direction than the winning direction. Long and short with Oanda is perfectly possible with 2 sub accounts.
Trading Without a StopLoss