i think, it depends on the approach...if you have a low win% in combination with a high risk reward ratio, stops are vital to keep up an high avg RR ratio...if you have a high win% combined with a risk reward of 2:1 or 3:1, stops are not so vital

No Stop Losses!!!

regarding fear and all that...as dr. whipple has pointed out already, fear come from the unknown...the prob with trading is, that for every SINGLE trade, the outcome is and will ever be unknown...theres just no way to replace that, uncertainty is ...

so wht ,can it just happen to me ?!!

url — alan farley call this "trend relativity error"....its the fact, that the same market can be on opposing trends on different timeframes...there are 2 ways to deal with this 1. treat each timeframe as a separate market that is, you ...

Chart Intervals

switch, a last hint...if you cant wait to go live and make money...limit you live account to 500usd, not more !!!!!!!!!!!!!!! cause, even if you will make a lot of winning trades right from the start, there will inevitably be a point, when thing get ...

Help drowning in a sea of Indicators and systems

url — in this brief article by buffy you may find some answers to your q...its best to read it OVER AND OVER AND OVER again and think it over by yourself and really absorb it...it covers the base of what is called "multiple timeframe ...

Ask..Entry,StopLoss, TargetProfit and Trend

i dont know, if this fits into the topic, but i think there a general problem with what you can call "trading models"... model 1 goes like "plan your trade and trade you plan" and model 2 goes like "trade what you see, not what you think" theres ...

My experiment hurts my opinion of tunnel/swing methods

url — the link above is a nice tutorial by linda raschke which goes right into this...basic stuff for newcomers

Pure Price Action: Predicting the Current Move

yeah, you are right...the whole "you need 3 years" crap is nothing but marketing... theres really only one thing you need and that is perseverance...but you need tons of it..

Patience, Hardwork, Money Management,blah,blah,blah. I'm sick of these cliche's now :

yes, thanks folks...PPI is coming soon...my brain is kind of running dry..will take a little nap now... )

Theory about USD and Commodities

ok, but how does this translate into price action ? all i can see is audusd might be breaking 07600 (i have a lmt sell order at 07600) and usdcad 1h is still in an uptrend, trying to make new highs (i have an lmt buy order at 80)...so, im betting on ...

Theory about USD and Commodities

i dont think, is a good idea to think of this journey in terms of loss/gain...in the first 2-3 years, you should focus on learning to read price action, what kind of trading style best fits your personality, practicing and making "good" trades and ...

pls share your journey

i think, CAD will probably show a bit weakness next week, so, im looking to go long on usdcad and eurcad and short on cadyen....usd could gain against aud...so, rather then shorting eurusd im looking to short audusd or nzdusd...just my eyes.. ...

Opinions of USD.

J.L., ever heard the term "risk of ruin" ?

EURUSD

mr whipple, your example is just textbook, cause selling on mom div is a SCALP ONLY !! means small objective and tight stops....while buying into new highs can have a bigger objective and a wider stop...just my eyes.

Cable, MACD + RSI Divergence Wassssssup?

traderandreas, just a thought...maybe considering a "context" filter for taking only those momentum divergence that are going with the higher timframe trend....e.g., say a market is on a downtrend on the dailys...made a new low...and had 3 ...

Trading Divergence

really dont know...i guess, if they can, they will run it up to 13000...this number is a magnet

EURUSD

i think, one can team up on the analysis section or preparation...but team up on the trade section ? difficult...imo any calls on chats had to be in a "lmt sell/buy oder" format, lets say at least 5min ahead of (expected) entry ive been thinking of ...

Team Trading

heres an quote from the linda raschke site (the faq) --------------------------------------- How long does it take to learn to trade successfully? In our experience, the average length of time it takes for a person to be able to trade with the ...

Patience, Hardwork, Money Management,blah,blah,blah. I'm sick of these cliche's now :

i love hard stops...really...best thing ever...you do your best analysis,you are selective, you are patient to pick the best low risk spots you can get...ok, BUT, the moment, the trade is on, you are exposed, you just have to see, if the market ...

No Stop Losses!!!

golden girl, on the linda raschke site, theres a nice comcast tutorial about swingtrading, it covers the basics of price action...also buffys article on price action

Could Someone Give Me a Hand Please :-)