As a 30pip SL trader, was 12SL area before, yep 1/10th lot size which I can't do without a micro micro account. Switching same method as I'm trying at the moment on M5, slowing it down to M30 looks like it would support this.

Do you believe tight stop-losses cause losses in the long run?

Dunno, the amount of times I've been SL'd at the bottom which them would of ran for very good pips, it's tempting to run without. Ofcourse a lot of SL's saved me from 200pip moves against me, so you'd have to trade at a lot size where 200-300pips is ...

Do you believe tight stop-losses cause losses in the long run?

If you can trade without a SL and be objective enough to go, market is going up, I'm short, change sides and see what happens if your in a profit or loss at the time, most of us haven't, so our losses grow and grow till margin call, but if you can ...

Do you believe tight stop-losses cause losses in the long run?

It's a tough 1, I'm getting better results since moving from 10 to 30, but times where 10 looks better but then spikes take them out. current theory is bigger SL even when wrong gives me a 40% chance of getting to profit, so it's kindaworth the ...

Do you believe tight stop-losses cause losses in the long run?

Totally wrong,billions of orders could go through and if there happy both sides with the bid and ask price won't move at all. Obviously an order went through to print the spike. Its about percieved value not about volume.

FXCM Discussion

Errrrrmm,, it's the lack of volume which creates the spikes, volume doesn't move the markets if no 1 is willing to bid the price can fall 200pips in seconds without a single order going through as we go into the summer doldrums we get less volume ...

FXCM Discussion

LOL tough old game, adding myself here, good to see someone actually working hard for it, keep it up!!

(binned per thread starter's request) The big... IF

blondes so not much use for me there, likely to hot as well the +3 sounds ideal though.

Best place in the world to trade from?

Still too damn hot to care dude, checked my MA method, worked well last 2 weeks, benched a few pairs it's not ideal on and reduce my time as limited, shall be trying to trade this week. Role on the winter, I've got heaters but sadly no air con!!

Do you believe moving average systems work?

Always the way, the hope it'll be the next thing since sliced bread, then realise it'll need hard work and patience and go looking for the next sliced bread.

Do you believe moving average systems work?

Can't win them all, no point trying, you'll just end up never trading. GU 30mins back setup for a perfect long entry I see, missed it +80 pips area.

Why are most of the traders here failures?

no fixed TP second position at -15 SL of 15, some run 15 pips some run 90, some go straight to SL. Method is kinda explained in my old M15 journal, from back when I had a M15 reversal Bodge.

Why are most of the traders here failures?

Need more time trading, lost a AU trade a while ago, trend was up, trend changed, but risk 30 to make 45 and works 75% area so it's all good!!

Why are most of the traders here failures?

R:R 1:1.5 area, approx 75%win rate, atleast thats the expected method performance only 1 week of live trading, looks like it should be close

Why are most of the traders here failures?

Slowed it down to M5 these days, proper intraday trading has a much higher pay out potential as increased frequency of trades, I kinda need that to turn nothing into a LOT!! If I had the time to trade that is, motivation is at a all time low ...

Why are most of the traders here failures?

If only it was that easy, I wouldnt be getting up and going to work

Why are most of the traders here failures?

Motivation is my main issue, i can never trade a demo account small live account, so damn hot here no trades so far this for over a week, did take the Nexus to client to trade but failed miserably. Role on, cooler, less work, more cash in account!

Why are most of the traders here failures?

It's an interesting challenge though isn't it, that's what keep me going, being able to live off it helps to mind!!

Why are most of the traders here failures?

There is no answer sadly, you can find the same near enough exact chart and different outcome, odds are slightly in favour of new low causing another down move, but it's news fed so ??

Do you believe moving average systems work?

12:30am GMT taking a EJ trade as it seems to have support, 13:00am JPY opens and EJ gaps down 50 pips and wipes my account. Boredom is the account killer.

Why are most of the traders here failures?