Meanwhile, GJ is still going up and is still set to exit at BE. I'll try another, Long AJ. image So, I'm about 7 pips down at the moment. I lost one EJ long entry, I am set to BE on GJ and I'm just trying a third on AJ long. If AJ long gets a few ...

Multi-Lot Multi-Timeframe Position trading

Well, just as I wanted to use that one for an example, it didn't want to cooperate. It's still going up I'll come back to it later. I'll pick another pair for an example on how to lose. Here is an EJ long trade on the M15: image The goal is to ...

Multi-Lot Multi-Timeframe Position trading

Well, it went up a little bit. It really would have been more interesting had it gone down, but this can happen as well. I'm now up about +9 pips I'll set the stop at BE and I have a free trade. I can do this all day, or until one doesn't retrace ...

Multi-Lot Multi-Timeframe Position trading

I just entered a GJ long for an example. It looks like this right now, just a few pips ahead: image This trade will either go up or down, so call it a 50/50 shot. If it goes up, I'll ride it, but if it goes down, I'll attempt to cut my loss very ...

Multi-Lot Multi-Timeframe Position trading

Let's back up a bit and talk about learning how to lose. After all, my cat could walk across the keyboard and accidentally put on a winning trade. But I bet my cat doesn't know what to do when it turns around into a loser.

Multi-Lot Multi-Timeframe Position trading

Love the burnt orange Longhorn by the way. Let's take a simple example to see if I can understand what you are saying. You enter a long position, it goes 50 pips against you, you enter a short hedge in the same pair. You have now stopped the loss at ...

Trading Without a StopLoss

Ha! I love those TED talks. Very eye opening. Thanks for the link!

Multi-Lot Multi-Timeframe Position trading

Yes, I use MT4. It's the most popular platform I suppose.

Multi-Lot Multi-Timeframe Position trading

Welcome aboard Tashkent. Was reading your Trading Philosophy thread. I agree with most of what is there, though I don't think the markets are 100% random. The research I've seen indicates the markets are 90 to 95% random. Of course, that's enough to ...

Multi-Lot Multi-Timeframe Position trading

Sorry to hear you got wiped out mk5. Typically, that only happens when one violates the stoploss during the course of the trade. Most traders do that several times early on, so don't let it get you down. In time, you can learn to not do that again. ...

Multi-Lot Multi-Timeframe Position trading

The pleasure is mine. I think you have to trade the way that works for you, of course. If everyone traded the same, there would be no market. For me, hedging works well in markets where I can hedge with different instruments. So, if I think oil is ...

Trading Without a StopLoss

I trade with a wide emergency stop loss, but I consider perfect trading to never hit a stop loss, and pretty good trading to only hit one very rarely. Stops always take me out at a low profit point, and that's never where I want to exit. I have had ...

Trading Without a StopLoss

Yes, it's probably just a matter of opinion. I look at gambling as wagering on games of chance where the next event is completely uncorrelated to any previous event. So if the dice just rolled a 2, the next roll is just as likely to be an 11 as a 3. ...

What if someone finds the Holy Grail?

Absolutely, never trade beyond your level of comfort. I agree 100% with that. Just took a lot of profit off myself. Feels good. G

Multi-Lot Multi-Timeframe Position trading

It sounds like they were trading against your position and didn't want to take the loss. File formal complaints with all the regulatory agencies. Get a lawyer that specializes in these things and file suit for recovery of your profits and legal ...

Broker reverses $20K winning trades for alleged latency arbitrage

Pulling another trick out of my bag. Using Heiken Ashi chart to ride a strong UJ trend with a 4-lot long trade. Since it's Friday I'd like to take a nice profit to make my weekly numbers. Very simply, because I'm a simple minded guy, If I only have ...

Multi-Lot Multi-Timeframe Position trading

Excellent strategy Max. Tightening up your trade criteria in tough times will save you tons of pips. In very tough times, I've tightened up mine to the point where I sit for days waiting for a set-up. Patience is a critical component for success in ...

Multi-Lot Multi-Timeframe Position trading

Thanks Tashkent. I try to put a lot of good ideas out there, hoping that something will help someone. Most of the things I discuss have been tested for many years in all sorts of market conditions. Of course, everything wont work for everyone, but ...

Multi-Lot Multi-Timeframe Position trading

You're most welcome AG. I hope things are going well for you there. G

Multi-Lot Multi-Timeframe Position trading

Thanks DanC, hope things are going well for you. G

Multi-Lot Multi-Timeframe Position trading