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- 10 Results (9 Replies, 1 Comments)
- clarke1386 replied Jun 28, 2020
This is not a very meaningful post, I'm afraid. The point it seeks to make is that there is a difference between theory and practice. However, anyone with sufficient practice knows that a win/loss ratio greatly in excess of 50% (for non ...
Consistency
- clarke1386 replied Jun 28, 2020
I would offer a different view to many here. For many new traders "consistency" means winning a high percentage of trades - say 70%, 80%. This is unrealistic, if trading sensibly. For example it is easy to achieve 90% win rate on trades if you leave ...
Consistency
- clarke1386 commented Jun 22, 2020
Here you go image Image I hope makes it clear. Basically: The hanging man candlestick looks exactly like a hammer. The only difference is that it is seen after an uptrend rather than a downtrend. Again, in combination with other signals, this may ...
What is a Hanging Man Candlestick?
- clarke1386 replied Jun 25, 2019
I think there is some good stuff in here regarding risk management discipline and trend-following, which has been shown to work over many asset classes and years, but I cannot agree that it is "not very hard". url Professional and highly resourced ...
Trading Forex is Hard
- clarke1386 replied Jun 24, 2019
Entirely reasonable argument.
Other peoples trading systems won't work for you
- clarke1386 replied Jun 24, 2019
Exactly right. Determine the exit points (both SL and TP) before you put on the position. Stick with them. Aim for a 1:3 ratio between SL and TP i.e. if you risk 10 pips on a SL then you should set your TP 30 pips away. One of the best things you ...
How can I stop myself from closing trades early?
- clarke1386 replied Jun 24, 2019
Trading (execution) costs account for a lot of the reason retail traders lose money. If they are right 50% of the time they'll still lose money by paying spread. However, it turns out the retail traders (on average) lose more than just the spread. ...
Are trading costs the main reason of losses in trading?
- clarke1386 replied Jun 24, 2019
I find it amazing that 30% of people don't use stops. One of the very few benefits of being a retail trader is that (thanks, ESMA!) you get guaranteed stops, which allow for proper risk management. The valid concern with stop losses is that ...
How wide is your average Stop Loss?
- Posts by Member Search: 'clarke1386'