Flushing 20 000 in to toilet?
Doesnt who have double edge? Because when someone eliminate money on his trade for you, it could also mean the same for you... a toilet
...
Flushing 20 000 in to toilet?
Doesnt who have double edge? Because when someone eliminate money on his trade for you, it could also mean the same for you... a toilet
...
Your absolutely right. Thanks for reminding me. Additionally its much more difficult to retrieve money following its been flushed so I believe I will stick with my first metaphor of financing. Thanks for the laugh SyafiOriginally Posted by ;
. . Cash lost is just a part of the trading...
enables make profit.... . I wish you good success
M A C Doug,
so that you also going for breakouts?
I do that as I'm not skilled enough to forecast prices so I attempt to trade fractures on 1hr charts.
So that you use stochastics to help support breakouts?
Thankyou for postingOriginally Posted by ;
Its like the break confirming the stochs since the stoch works after which the break occurs. You will discover on the previous chart that price hadn't really broken out as price was below the prior swing high. I used the predictive power of MTF stochastics but waited to get a line break to ensure that the downtrend has been finished.
A rest from the prior swing high would also have worked but the stop loss is a lot greater since you still need the stop beneath the swing low to provide the trade a opportunity.
A simple line break, not even a tom demark trendline, is enough of a break to ensure a very good win/loss ratio on your transactions supplied your not too greedy and happy with a 1:1 risk reward. Many of my transactions have a risk reward ratio of less than that I get quite excited when a payoff greater than 1x the risk is offered as was the situation with that commerce. That's the main trade commerce I search for but that isn't all that I do.
I am an opportunistic trader and try to trade any opportunity I am ready to recognize as a high probaility. I say try because sometimes I falter because of fear that's precisely what happened tonight and that one got away This is a what I considered to be a extremely large probability Long commerce but with a greater risk to reward ratio.
This is the information which was offered for me
1 Expected trading range for GBP today is between the M1 support as well as the M3 resistance pivot levels
2. Price evaluations M1 the anticipated low for the afternoon
3. The low is rejected along with a hammer kinds on the hourly chart to show that a change is likely.
4. Input on open of the next candle, don't fear or hesitate!
5. Stop placed beneath the M1 support pivot risking 47 pips (a tighter stop beneath the S2 pivot would have been acceptable)
6. Target placed conservatively 5 pips under the fundamental pivot to get a 30 pip reward.
Price cannot be predicted. That is not anything more than an edued guess which in my experience has a greater likelihood of success than failure. Price can and will go wherever it needs to
The risk is 1.5 times my reward a big no-no according to all the trading guides but that can be cable on Foreign Exchange. If you chase 3 occasions your risk as recommended you will lose to a lot of occasions to become prosperous, period. I prefer to win the commerce. I was really going to pretend I really took this transaction but I adjusted myself and told the truth to allow you to see that I make mistakes and have to always deal with both greed and fear (and self ). This is more useful than lying to allow me to look better. I'd have scrapped the entire post but it took to long to do so I fessed up instead.I promise to always be truthfull
The truth shall set u free! - Heres a trade I required for a little later in the semester and was rewarded 20 pips for my efforts
price fails to make a new high despite a convincing hammer earlier in the session. The hot stoch indior signals a second time to brief cable after its collapse to crack and hold above the central pivot. Not frequently the market provides you a second opportunity at the same levels. This trade had fundamental support after a shocker house price survey amount. Entered at 2.0388 and closed out 3 pips above the S1 support for another 20 pips
Great to see your name up in lights Doug, and good to see you are making your money back.
Thank you for reading my thread and the kind words of encouragement. My account is currently at $1403 following this previous trade today so I've doubled my money. I risked 25 pips to receive 25 pips on this particular commerce. Each pip was worth 1.30 to me I was risking 2.4% of my entire equity. My risk, as called, is now in the zone of suitable risk management trading 1 miniature lotOriginally Posted by ;
I got a long signal on the 15 minutes, only a few hours after my short commerce, in my prefered direction this time, since the retail sales amount was released. The amount was fairly good but traders sold dollars anyway and handed me 25 pips! - Thanks to boxingislife sexy stoch indior and self belief Attached Thumbnails
The entire thing it so find a egy which suits you and obviously you're following exactly the identical route as I did when I examine Boxingislife egy.
That is why I spent so much time on his own thread and made a pdf for it...
Extended life into the sexystochs