Well not only that, but the main point being that you double your risk. You should be thinking, "Oh crap, I can lose twice..."

GBP/CHF

For those of you trading GBP/JPY, why do you trade this pair? It's a 94% correlation. I would suggest only trading those pairs that are not correlated whatsoever in order to reduce your risk.

GBP/CHF

Darn right. I love this pair. It's my primary money maker. Except for this week... *cough*GBPUSD*cough*...

Mouteki Trading

You need to learn why the market reflects a higher spread around news time. Darkstar recently wrote a good article on this.

OANDA Discussion

Sorry to hear. Hope you finish the week well.

Mouteki Trading

I totally understand and agree with your point. My post was merely meant to get him to ask himself that question because the odds are that he's wanting to make money fast. Matter of fact, I'd trade those odds... and probably win. Regardless... ...

1:400 + fixed spread + news trading

Naw, we already took our profits...

Mouteki Trading

Sorry guys, my fault. It's two to the left and right that don't exceed the low of the support. My fault.

Mouteki Trading

Why do you want 400:1? If you want to gamble, go to Las Vegas.

1:400 + fixed spread + news trading

Why do you need an MA to determine trend?

Naked Chart Trading

That's just it. There's no right way. I like to enter, set my stops manually via support and resistance, and that's that...

How to avoid stopp loss...anyone doing that?

You are looking at trading wrong, and if you continue to think this way, you will blow up your account. The stop loss didn't become your enemy. It removed your risk in the market. The market doesn't care about you. When the psychology of the market ...

How to avoid stopp loss...anyone doing that?

Hate is such a powerful word. I don't hate indicators, it's just not my style to have a lot of real estate that I have to look at... Definitely nothing wrong with indicators. It's just another way to trade. Don't be so defensive about it.

Naked Chart Trading

Standard lots here as well. It's been a good week for us trend guys. Maybe I can finally go out and buy that Lotus... oh wait, I can't fit into one... Bleh...

Mouteki Trading

If you're right, this could be a good week.

Mouteki Trading

Please... I beg you, don't get into broker bashing... Please be sure you understand how your broker determines bid and ask charts before you start bringing them down. Out of all of the non-ECN brokers, Oanda can't be beat...

OANDA Discussion

I was just looking at my charts -- I personally have a TP set at 1.8582...disregard my 8528 earlier... My TP is not actually according to Mouteki's system...

Mouteki Trading

Bwahaha... fa' sho...

Naked Chart Trading

If you're goal is to become good at this and make this a business, a stop loss should be your friend... There are instances where stop losses are not needed in a strategy, but those are far and few between and more advanced.

How to avoid stopp loss...anyone doing that?

No no, my friend. The signal is correct. You should be short.

Mouteki Trading