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- 41 Results (40 Replies, 1 Comments)
- BirminghamUK replied Jul 17, 2014
My main problem with martingale is in most cases the objective is to get back to breakeven. There is a guy at my work who was telling me his brilliant strategy where he doubled every time he lost until he recouped his losses. I couldn't help but ask ...
Your Trading Struggles - What is the biggest factor?
- BirminghamUK replied Jul 17, 2014
Wasn't it Richard Dennis in Market Wizards who said you he could place his rules in a newspaper and people still wouldn't follow them because they wouldn't have the confidence to stick to the rules.
Why Would Someone Sell a Highly Profitable System?
- BirminghamUK replied Jul 12, 2014
That's brilliant, you have held that trade for two years. I often struggle to stay with winners when there is a significant pull back.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
- BirminghamUK replied Jul 12, 2014
Revenge trading has to be up there with the other reasons. For example if a trader took a slightly larger than normal position for example risking 5% and was stopped out he/she is the driven by the desire to make up there losses. Unfortunately ...
reasons why traders lose
- BirminghamUK replied Jul 12, 2014
This is the key point. Because many are scalpers it just makes the situation that much harder. If you make 100 pips profit and pay 2 pip spread it is effectively a 2% cost. Whereas if you are in and out for 10 pips at a time paying 2 pips this works ...
take the opposite trade solution
- BirminghamUK replied Jul 10, 2014
The Yen has been ranging really since January, it would be nice to see a break one way or another. Regarding AUDUSD I use daily charts with a long term ma and I wouldn't be looking to buy until 0.93 area.
AUD/USD
- BirminghamUK replied Jul 10, 2014
Look at AUDJPY. Seems to be benefiting from rising Yen and Falling Aud. If it comes down as low as 94.00 I'll put in a buy stop in at 94.50 stop at 93.50 and what to see if I can catch the next up move.
AUD/USD
- BirminghamUK replied Jul 9, 2014
AUD Employment change and CNY trade balance over night this could really take off or just reverse. I am up about 20 pips at moment on 0.7 lots with stop loss at 2 pips above breakeven. With a bit of luck we could see 0.9500.
AUD/USD
- BirminghamUK replied Jul 8, 2014
This is stocks again I'm afraid but I can't help but feel sorry for this guy. video
Real Fx traders do not use stoploss
- BirminghamUK replied Jul 8, 2014
You will have to use MT4 url MT5 only offers gold and silver apart from the normal currency crosses.
Alpari.co.uk Discussion
- BirminghamUK replied Jul 8, 2014
Finally the Euro is falling I had to sit through a bit of draw down yesterday.
EURUSD
- BirminghamUK replied Jul 8, 2014
If you use Google chrome and search 'chome adblocker ' you can enable an app which blocks all banner ads.
EURUSD
- BirminghamUK replied Jul 8, 2014
[quote=victor_ray;7588138] I have never seen any myfxbook account hit 1 million$....profit + balance ... (obvioiusly for good reason because it's too good it take down before the begging continue)./quote] If You had an account of that size it would ...
What IF you have a Holygrail Automated System?
- BirminghamUK replied Jul 7, 2014
6 bounces off 1.36 in the last 6 hours. I'm a bit nervous for my shorts because if it actually breaks 1.36 could see a bit of a break out.
EURUSD
- BirminghamUK replied Jul 7, 2014
video Real traders don't use stops?
Real Fx traders do not use stoploss
- BirminghamUK replied Jul 7, 2014
video A documentary about LTCM Two geniuses that thought they had found the holy grail. In reality they didn't have enough data.
What IF you have a Holygrail Automated System?
- BirminghamUK replied Jul 7, 2014
Right click on your chart and choose properties then go to common an click show ask line. That way you will know what the spread is rather than guessing, or just get a spread indicator there are plenty on the forum.
OANDA Discussion
- BirminghamUK replied Jul 7, 2014
Click on the market watch button at the top. Then move the cursor over the symbols and prices and right click your mouse and choose show all. That should fix it.
Alpari.co.uk Discussion
- BirminghamUK replied Jul 7, 2014
The Autotrade system on myfxbook isn't too bad for someone contemplating selling a profitable system. Traders subscribe to your system and their trades are linked with yours. For this you can pick up 0.5 pips per winning trade per subscriber. ...
Why Would Someone Sell a Highly Profitable System?
- BirminghamUK replied Jul 5, 2014
You must be a about 500 pips down on that trade and the swaps must be piling up. I think you mentioned once you have a short bias. I do also the vast majority of my trades are shorts. Over the last couple of weeks for example instead of being long ...
NZD/USD