Palabara, tough question, I'm generally pretty good at picking the entrys ( having a bad time recently, over tired LOL ) Over the last 131 trades, I've got 59% winning Trades ( got some stupid trades in there to be fair, still learning as is ...

How far is your Stop loss

FXoppurtunist, ohhhh yeah being paying for it the last 2 or 3 weeks, 1/2'd the account due to slip back into old ways sadly I'd quadrupled it in the 2 or 3 weeks weeks before this. Back to $1 per point here, until I get it sorted Strangely, ...

How far is your Stop loss

Toying with the idea, at leaving it at the default which for FXCM and GBP is 10pips ( also the Min ) To be honest, I don't see me being stopped out more, as I rarely see a -10pips that doesn't stop me out at 15 - 17 anyways. But I'm also paying $10 ...

How far is your Stop loss

I'm very much a day trader, and my account is very small, so I aim to be a sniper pretty much on my entrys, ie I jump in on the existing Short Term Direction, using a set of SMA based rules, so I run a 15-17pip stop ( 5 of this is generally the ...

How far is your Stop loss

Around the 28area, feel I be close, could have to retake the last section a few times though Good List, can certainly agree with it. The question is, what will come first consistent profits, or a nervous break down / going postal ?? Find out ...

38 Steps to being a Trader

Trading is hard very hard, try not to beat yourself up over the losses, they happen, sometimes due to bad / stupid trades sometimes because the market direction changes unexpectly. Today is, 4 good trades, 2 bad luck trades, 1 Stupid trade I let get ...

Tears And Laughter In Forex Trading

My stop is there, purely as worse case 17 - 20pips normally ( ie PC crashes, power goes down ) most of the time I exit before getting stopped, if only a point or 3 saved, it still helps. I rarely place a limit order, except for if I leave a trade ...

Money Mangement, Do you take it serious?

You could class them as different trades entirely and therefore risk being leveraged higher on the grounds that you won't hopefully get slapped on all 3. I do this with GBPUSD and EURUSD, although there linked I feel safer splitting my $$$'s over 2 ...

More lots through hedging

Although it's important, the trade is the main important part. I've got a simple system, where I trade at a level when 200pips can go against me, unless ofcourse I'm on 1 Lot, then I has to try to turn it around, keeps me in the game and easy to ...

Money Mangement, Do you take it serious?

Well to me, Demo trading isn't real enough, take away the fear and greed elements and well the Demo account just sky rockets, go back to real $$$'s and well the exact opposite, so I've been learning ( nearly 2 years ) on and off when I can afford ...

Lost...?

I came up with my own system recently. I basically trade at a Lots Size that means I can take 200pips+ against me, before being margined outta the game, ofcourse if my account takes a bad hit then my Lots keep getting reduced until I get back on my ...

Risk Reward Ratio and Account Risk

alpignolo Question, where you taking advantage of the FXCM Delay at news time ?? on the News ?? Cause I'm making a killing there, bet they'll put me to Manual to some day soon Seems to confirm FXCM make money from us losing, so not good long term ...

Getting Around your broker

No use at news times Miss Forex, but .... If say there is a 4pip spead on GBP, with a real ECN the bid and ask are actually someones orders, so Bid 1.9000 Ask 1.9004, so if you place a order to buy at 1.9002 say the Ask will drop to 1.9002 and if ...

Getting Around your broker

Got to ask anyone know ?? FXCM they make there money from the 5pip GBPUSD Spread, do they really or do they make money from me losing money ?? If I start making ALOT will they cancel my account ?? Any experience ?? Starting to make money slowly ( ...

Broker Complaints …Get over it!

I use and Like FXCM if they improved there withdrawls system, so log on, click a few buttons, £500, and next day it's in my account it'd be perfect ( not that i'm at the taking level yet ), Faxing a stupid form to them, and waiting for a cheque ...

Which SR is important?

Doesn't matter too much on which is best, unless you find 1 that rarely works for you, then delete it. Don't, jump in on a S/R point, be patient and wait for a reversal preferably, or atleast a good sign that there is actual S/R there, and it's not ...

Which SR is important?

I had a spike on my FXCM account went from +2pips to +43 pips ( ish it was too quick ), I tried to hit close in time, but failed, then went straight back 1second more and free $$$'s.

GBP/USD Spike

The Trick is to find a slow updating broker and a Fast Chart FXCM.CO.UK Mini, is Slow compared to InterbankFX.com Meta V3 chart software , 2-3seconds is the norm which is enough to get in safely after the moves started at the start price, had a ...

News Trading Broker

Well atleast i'm not the only 1 having a bad day, sadly. Small profits and loads of them, with more lots sadly leads to 1 big loser wiping it all out, got to go for the bigger stuff and keep your losses small.. I'll see if there is a news move, as i ...

A Losing Week

Yep sadly, back to normal today, gave back all of the profits made bewteen this time last week ( Friday am really ) and this am Started off well +$60 up, news came out, went short took a few $$$'s on the GBP, thought should take a longer view, ...

A Losing Week