I have not gave this much thought. But from experience, I will move my SL to +1 break even after a huge move in my favour. I trade on 4h charts so my take profit range is usually anywherer from 80-200 pips. Most of the time, after it moves about 50% ...

Moving Stop to B/E (Break Even) Discussion

I predict a move to 1.2590 before meeting with resistance.

EURUSD

flame war!! gogogo. keep me entertained lol

EURUSD

I know how it was made. Max leverage. Max risk. You only have to be right a few times to quadraple your account a few times over. You also could lose a a few quardraples in a short time. But srsly speaking. The psychology of real money and fake ...

turning 10K to 4M in a week!!

im short 1.21 sl 1.2174 tp depends... but prolly ~ 1.195 lets see what happens.

EURUSD

Of all the people here, i think the most immature acting is karthik. 1)A simple challenge was thrown out. 2)He did not reply satisfactorily. 3)People discredit him. 4)He felt offended. Those who believes in him tried to salvage the thread by gave ...

Travails of a Money/Fund Manager

I disagree, there is no reason why there should have been any discrepancies with the stories. Why does he say 9 years of experience when his early posts seems to suggest that he only has about 4 years experience? If you are a manager after 4 years ...

Travails of a Money/Fund Manager

I provide good paid signals. Would you like to buy?

EURUSD

Glad to see that people are losing and making lots of money. I'm short. Enjoy the ride down. Btw... do you guys have like 100k accounts or somethin? Losing 1k a day... that is some mighty serious number to lose in a day...

EURUSD

You are pretty right. Which is why I stopped adding to losing trades. Btw, I wonder what happened to this guy? url He is definately averaging down/martingale/adding to losers. If he kept on with his trade, I can definitely see a huge -VE on his ...

why is everyone so afraid to average down?

So you are saying that in the event that you are right, it is ok even if your risk vs reward ratio is bad? What I understand is: 1)It is ok to sabotage the 1:1 min risk reward ratio rule 2)It is ok to have -ve expectancy. Is this what you are trying ...

why is everyone so afraid to average down?

Those of you who defend the averaging down method seem to ignore my main concern and argument. You all defend the risk reward debate by saying that if price moves down, your RR ratio becomes amazing. That... I do not dispute. The question is what ...

why is everyone so afraid to average down?

Right... and my argument was that if price didn't move down at all. Instead, after you entered your trade, it goes your way. You do not get a chance to add on. And as i said, in the first place, you are expecting to be wrong. But your RR is messed ...

why is everyone so afraid to average down?

Ok, I see a lot of discussion has happened since I last posted. Let me attempt to answer this with some logic and experience (or lack of it if you want to call it that way) The main argument here that some of you who average down (or add on to ...

why is everyone so afraid to average down?

All I can say is the 4hour trend is up. It tried to break out today but was rejected. However that does not mean it will go down. In fact i have a lot of reasons to believe it wants to go up. -RSI bullish divergence. -Higher high -Significantly high ...

EURUSD

Check the price action. If it wanted to go down, It would have to make a newer low. This is definitely not the case. In fact, it made a new high. These are signs that it wants to go bull. If you asked this question yesterday i would not dare to ...

EURUSD

or you can go with the intervention. join the dark side lol. It has already broken past resistance and is staying on top of that line. Unless it breaks this line, I'm inclined to go long. Just riding the wave. Don't fight it. Don't question why. ...

EURUSD

lets assume something. Based on my understanding of your principles. You all have a predetermined stop. Example we will say 3% of the total account. That means if you were to close out all open positions due to stop out, you lose a total 3 % of your ...

why is everyone so afraid to average down?

Assuming you have adequate cap: 2)If you were good in the first place, you wond't need to average down. 3)Can you enlighten me what that math is like? I'm rather skeptical. Its not like you gain more stocks by averaging down in spot forex....

why is everyone so afraid to average down?

In the first place, when you are -170 pips, what makes you think price will miraculously bounce back to your original take profit levels? At that point in time, what is more likely to happen is your SL getting hit. Just because it is near a support ...

why is everyone so afraid to average down?