{quote}+ controlling greed
Riding the tides!
- #6,721
- Apr 10, 2014 11:56am Apr 10, 2014 11:56am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
Riding the tides!
{quote} When you place SL 3-4 $s away, you have to be a super genius with tons of patience to achieve perfect win rate OR better place SL 15 $s away. One can always play light. The more you use leverage the more you look like a gambler in a casino. Wish you all loads of patience and wisdom! Have a nice one you all.
Leverage...? Go big or go home!!!!
Nah but seriously, if you look at the name of my trade explorer, "High Leverage, Low Deposit" - it kinda says it all! It is a technique I am working on, I have faith that I can make it work for me. Although I have been losing money for more than two years, the speed at which I lose money has dropped significantly and I would like to believe that in the not-too-distant future, I will be able to make consistent profits from this beast.I might try playing it light sometime, but I just don't feel like I'm ready for that (lack of) speed. Because I am only depositing £20-£50 at a time, if I was to be trading small positions in relation to my equity, I would make absolutely nothing. There is a chance I would lose less, but it is for certain I wouldn't stand to make the same gains.
I know that you, and others may see the way I do it as gambling, but that's what trading is my friend. The only difference is that with trading, you have more chance of being right than simply placing your chips on 32 Red in the casino, you get the opportunity to make an (at least semi) informed decision based on all the time you put into studying the markets and analysing price movement. At the end of the day though, the market can, and will, behave in a completely unexpected manner and you could lose it all.
Anyways, hopefully I can get it right, I love the idea that one could make a living off of doing this!!!! I want to be there!!! (AND I WILL!!!!
)
- #6,723
- Apr 10, 2014 12:10pm Apr 10, 2014 12:10pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} Anyways, hopefully I can get it right, I love the idea that one could make a living off of doing this!!!! I want to be there!!! (AND I WILL!!!!
- #6,724
- Apr 10, 2014 12:15pm Apr 10, 2014 12:15pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
testing resistace again....
- #6,725
- Apr 10, 2014 12:29pm Apr 10, 2014 12:29pm
{quote} Hey CT, Leverage...? Go big or go home!!!!
Ambition + Losses = Lessons
Lessons + Ambition = Success
Just add time ....
And we have all had losses and lessons!
{quote} I like you, you have ambition. Ambition + Losses = Lessons Lessons + Ambition = Success Just add time .... And we have all had losses and lessons!
Have you ever looked at ForexSaint's profile? This guy makes VERY good money on live accounts starting with very little, that's where I want to be in a few years
Best of luck and please let me know if you see me making some bad calls. I would say I'm very confident with less than 10% of my trades, not very confident with around 50% and fairly confident with the rest, but always appreciate someone else's input.
I think one of the things that could do with improvement on FF is it seems sometimes that when someone starts offering their insight, others react as if that person is trying to be a know-it-all whereas this is the reason we're all here isn't it? To share ideas.
Best of luck to you!
{quote} hopefully back in the game
Still on bearish channel.gonna wait under 1314 - 1311 then rebound again? Any ideas?
Don't know if I would actually open a new long position right now, but I'm definitely leaving mine open for now...
- #6,733
- Apr 10, 2014 12:56pm Apr 10, 2014 12:56pm
{quote} Thanks mate. It's nice to see someone with a trade explorer up, and CRAZY to see someone with a trade explorer in the green!! Have you ever looked at ForexSaint's profile? This guy makes VERY good money on live accounts starting with very little, that's where I want to be in a few years
- #6,734
- Apr 10, 2014 12:59pm Apr 10, 2014 12:59pm
{quote} I prefer another move up. Momentum (as far as I can tell) is up, price has pushed down to resistance at 1613.23 twice and had a decent rejection each time, been pushing on the upper TL of the channel a bit, and most importantly, I WANT MORE MONEY!!!!
Agree.I'm still on cash.Major trend is up.Minor trend is correction ... better wait for reversal on support.maybe 1314? not used to fibo retracement.
- #6,735
- Apr 10, 2014 1:02pm Apr 10, 2014 1:02pm
{quote} Agree.I'm still on cash.Major trend is up.Minor trend is correction ... better wait for reversal on support.maybe 1314? not used to fibo retracement.
- #6,736
- Apr 10, 2014 1:02pm Apr 10, 2014 1:02pm
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} I think one of the things that could do with improvement on FF is it seems sometimes that when someone starts offering their insight, others react as if that person is trying to be a know-it-all whereas this is the reason we're all here isn't it? To share ideas. Best of luck to you!
I'm just saying...You seem like nice guy; was just trying to help
- #6,737
- Apr 10, 2014 1:08pm Apr 10, 2014 1:08pm
{quote} Giev or take a pip or two id say you where on the money but the failure to go lower at 1315 worries me and isnt worth the risk from here as would be a 1:1 trade at best
Yes sir.I'm carefully watching now. Nice for the tips
- #6,738
- Apr 10, 2014 1:09pm Apr 10, 2014 1:09pm
{quote} Precisely...and my suggestion was said in the best regard for you...Your insight is awesome but you have pointed out that you have not made money consistently...hence maybe a change of strategy is due... Looking at someonelse's trade explorer and hoping to emulate a style often never works... I'm just saying...You seem like nice guy; was just trying to help
{quote} Precisely...and my suggestion was said in the best regard for you...Your insight is awesome but you have pointed out that you have not made money consistently...hence maybe a change of strategy is due... Looking at someonelse's trade explorer and hoping to emulate a style often never works... I'm just saying...You seem like nice guy; was just trying to help
