Kill ego, Grow EQUITY...Grow EQUITY
Scalping Gold using WPR 976 replies
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DislikedBulls and Bears are currently digging it out at the 1525.00 psychological level. I am now a stubborn Bull...till on Monday.Ignored
Disliked{quote} Yeah that turned quick, was sure it was heading to you buy. Im gonna watch for a sell signal between 1596 and 1600Ignored
Disliked{quote} I would like to think that I could have made 800 pips today on this trade, but besides cashing out after 150 pips, I didn't expect it to break 1550. Guess I still have a lot of learning ahead of meIgnored
DislikedHappy weekend folks... Study mode activated. Evaluation of previous week's trades... Projections for the next trading week. This is our business fellas.Ignored
DislikedAs part of what drove my curiosity and observation to finding a trading system that suits my personality, greed level, and aspiration, I came up with a financial goal. My ultimate risk management file. *Granted, everyone is different, so is their trading styles and expectation.* There are people who have been trading for 20-30-40 years with consistent profit (winnings - losses). I shouldn't be any different. Hence, my Risk File projected for two(2) years... {image}Ignored
DislikedAs part of what drove my curiosity and observation to finding a trading system that suits my personality, greed level, and aspiration, I came up with a financial goal. My ultimate risk management file. *Granted, everyone is different, so is their trading styles and expectation.* There are people who have been trading for 20-30-40 years with consistent profit (winnings - losses). I shouldn't be any different. Hence, my Risk File projected for two(2) years ... {image}Ignored
Disliked{quote} I see you are only working on 10 trades a month, that leaves roughly 12 days of orders not being filled, which is fine, but your chart doesn't seem to allow for losses. I think for this to work properly you need to work on a realistic w/l ratio, and a set risk to reward strategy. Just my 2 centsIgnored
Disliked{quote} Yes, the idea is to stay with my trading system for the 20 trading days a month following the signals it gives me. The goal is actually to double my trading account balance every month. Of course one wouldn't know which trade will be a winner or a loser, so I project based on my expectations which is on the average. But, the real risk management there is to divide my trading account balance every month and use the figure as my lot size through out that month. My trading system will determine for each trade which will be 1R=1R, or 1R=2R,...Ignored
Disliked{quote} I am fan of Leonardo Biggolo Pissano a.k.a Fibonacci. I coined this out of his famous Rabbit Problem.Ignored
Disliked{quote} Yes, the idea is to stay with my trading system for the 20 trading days a month following the signals it gives me. The goal is actually to double my trading account balance every month. Of course one wouldn't know which trade will be a winner or a loser, so I project based on my expectations which is on the average. But, the real risk management there is to divide my trading account balance every month by 20,000 and use the figure as my lot size through out that month. My trading system will determine for each trade which will be 1R=1R,...Ignored