You have to remember that the MA is giving you a graphical representation of where price has been in the past. Plot absolutely ANY moving average value on a chart, and the price will appear to bounce off it an uncanny number of times. But the MA is ...

Does Moving average actually act as moving S/R ??

Some excellent comments you've made in your opening post, but I have to disagree with your take on the importance of psychology.....unless I am completely misunderstanding exactly what you meant by it. From what I have seen, a persons psychology is ...

Some lessons from the real world

Price doesn't bounce of the SMA or any other kind of MA. The moving averages "bounce" off price. The MA are lagging indicators. They tell you what price has already done in the past. The MA is just the same as if you drew a line on a historic chart ...

Price bouncing off of sma

Hi fxeturn, actually I have come to the conclusion that all the indicators and patterns are pretty useless in terms of giving a high percentage indication that price will continue one way or another. From what I have seen personally, nothing gives ...

What's Sure And What's Not?

@ flyer415 Thank you so much! That is absolutely perfect for me and much better than I imagined....really perfect. Appreciate it.

How many losses can I sustain?

Thanks for the wonderful advice. You must be an expert. I'm so pleased to get personal opinions and gems of trading wisdom on this thread......despite the fact that I never asked for any advice or opinions. It really is heart warming to see experts ...

How many losses can I sustain?

I seem to have completely missed the target with the point of this thread. What I was after was a tool or calculator to help me assess the draw down with varying risk levels. Thanks for those who helped with the spread sheet thingymajig.

How many losses can I sustain?

Now that's funny! Surely his comment was carefully planned sarcasm? There's no possible way that was for real..........surely?

What Right Do You Have To Trade Forex?

effing brilliant!!!! Where did you get that from? I want one. Perhaps a little mean seeing as how forexbeginner was just asking for some help and advice (this is a forex forum after all).....but still a brilliant gizmo to have, and I still want one.

FOREX Schooling

It's nothing spectacular. I have two trading accounts. One for sensible business and the other for experimenting with different high risk strategies. On my sensible business account (my big one that I make my sustainable living from) I never risk ...

How many losses can I sustain?

Lol, there's always one! OK, forget the getting to zero part. Can anyone help with the tool/calculator regarding the general issue? Thanks

How many losses can I sustain?

You can find historic data here: url But I have no idea how to attach it to MT4 sorry.

historic data MT4

I personally have no daily targets at all, and my advice to you would be to scrap the idea of daily targets and take a longer term approach. Firstly I think daily targets are unrealistic (no matter how small) and also dangerous. What happens if you ...

What Is A Reasonable Daily Target?

Yes sorry. I should have made clear that when I am talking about these numbers, I mean the risk should be significant to YOU. If $100 represents a substantial amount which would hurt you, then that is a large amount and big risk. Didn't mean to ...

Risk your life savings

Darkstar, thank you for posting on here. I've read many of your posts and greatly respect what I've seen of you, so thank you for taking the time to add your opinion here. I realise I may not be right in my opinion on this. That's why I wanted to ...

Risk your life savings

I completely agree that "scared" money is unlikely to make money. A person would be a fool to risk everything and be totally reliant on making a forex profit in their first month in order to pay the bills. But just because you risk a large amount, ...

Risk your life savings

But isn't that assuming that they are going to blow the lot anyway, so it's best to only blow a small amount rather than a large amount? And for me, that's where the problem lies. They are coming in to this with the underlying belief that they are ...

Risk your life savings