Correct and the amount of spread and commision charges he pays his broker must absolutely LOVE him. Increase the size of his TP from scalps to say 30 or 100pips after all they'll get there eventually by his logic, add in some trader logic to reduce ...

Trading Without a StopLoss

You don't understand the point of a SL I clearly see, which is some what worrying, the banks don't see your order to sell at 5 at a -5, it's just the risk normal people take. GU went from 2.1000 to 1.3500 area pretty damn quickly without looking ...

Trading Without a StopLoss

If you check back, he posted his trades, thousands of them, some active for days and closed for 5pips despite a 20-30pip TP. If he let his TP hit and set at 30 say he'd make a lot more $$$'s, most barely cover his Commision charge sadly. He has a ...

Trading Without a StopLoss

No he's definately doing that, 1000's of trades from the look of it, never holding more than a few pips in cause he's been burnt to many times holding for more. The more profit he holds for then the higher the odds he'll get stuck in trades.

Trading Without a StopLoss

That's is his monthly cut off, if down 50% STOP trading and work out why, could be 100trades which have caused that loss ( some profitable ) Opening line, it's a dream, so not a bait and switch thread!

How I grew $187.91 to $1 Million in 5 years

If you wait long enough, his point is, it'll eventually 99.9% ( he's only after scalp profit ) of the time get to a profit level therefore that's better than taking a loss ever. Taking a random trade then waiting to take profit, what ever, isn't ...

Trading Without a StopLoss

No body plans to buy at 10 and sell at 5 the same as you don't plan for your trades to be 1000pips negative. The issue is, you believe the market to be totally random I to have thought that at times, but it isn't, setups exist where you can reliably ...

Trading Without a StopLoss

I did do the math on going no or very large SL on my method, If I factored in my first 2 losing trades which where bad trades and not really to method, then I'd of been better off with no SL, but if I ignore those then I'm better off with a SL as ...

Trading Without a StopLoss

Sorry, thought I read the standard answer people think to that, my bad!! ( LONG WEEK ! )

Trading Without a StopLoss

Market does not move by orders, it's the lack of orders on 1 side of the other, or an order inbalance. When the market drops 100pips in seconds, it's not become billions of trades have gone through, it's cause there is no one on the bid for 100pips ...

Trading Without a StopLoss

Some times, the SL is hit for no reason and price reverses shortly afterwards, this is the price of playing the game, other times, price price keeps going against me and it stops me from holding onto bigger losses. 75% of my trades profit ish. 20% ...

Trading Without a StopLoss

Most are waiting for the candle to close, then they take a "reading" off OHLC like it means anything at all.

Why Simple is better in trading and Complex is not

Stop orders fill, cause Retail don't understand how to place them. An SL should be at a point where if the market gets there then the odds are it will keep going against you, so if your buying support then a new low would be your SL, BUT they know ...

Trading Without a StopLoss

That's okay then, H4 intraday traders are just moron's. M1 was a tad to much detail, M5 is working well.

Why Simple is better in trading and Complex is not

Or maybe you haven't tried the alternative ??

Why Simple is better in trading and Complex is not

Not strictly true, although the weaker your trading method the better off you'll be with no SL's, SL's are fine, if you know where to place them. No SL = HUGE occasional losses, tight SL = death by a 1000nd cuts, loose SL = moderate losses. But ...

Trading Without a StopLoss

I find 9 pips silly to, sometimes that's all the market gives you but I to take 100+ pips of M5 trades, normally for risking 20-30. But I don't think your method, or you are profitable, your just a newbie who talks a good talk, IMHO!!! And yes, I ...

Why Simple is better in trading and Complex is not

Check my M15 Journal, moved back to M1 then to M5 since that, only the latest posts and 100's of other method's tried and rejected. ignore the first page, not updated that yet. I haven't got time to trade it, someone else might aswell profit from it ...

Why Simple is better in trading and Complex is not

My M5 method, only requires 1 TF, it's simple, it's repeatable and most importantly it works and easy enough to trade of my phone / Nexus 7. Weekly and Monthly charts LOL

Why Simple is better in trading and Complex is not

Counter Retail trader nice ( do the opposite of what retail traders are doing ) TA is definately rubbish, I've done enough math on that to know that as a fact. I don't get GDR's method at all, how he see's it, filters out the 100's of other candles ...

Why Simple is better in trading and Complex is not