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- Nacho replied May 5, 2012
The way I am trading actually requires lots of patience. But Im still successful and my equity curve keeps going north. I have hedged some positions with success. I see hedging as a pretty sure way to increase/build my equity while holding on a ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 17, 2012
Bluesteele banned. He is not giving any contribution to this thread but just insulting other traders anyway.
No SL No Leverage Strategy - working so far
- Nacho replied Apr 16, 2012
you are right, by doing this way i'm sacrificing some profit actually, but at the same time this limits somehow the risk to remain hanging on a trade for days if something goes wrong, and I can free margin pretty quickly so I can enter new trades
No SL No Leverage Strategy - working so far
- Nacho replied Apr 13, 2012
hi nanningbob, I always enter a trade when I spot an H4 candle closing above/below 5EMA, but since this does not happen very frequently, and I need to open a lot of positions to make some profit, I now also enter using TMS indicator which I find ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 13, 2012
thanks lyondegreat, i am trying to read as much as I can and I will also read that thread which seems interesting. I work full day and I cannot always have access to the forum so thats why I dont post much . Anyway trading my way has been good so ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 9, 2012
Thanks DedMatvey, I would like to know more about your strategy if you dont mind. You said you find buy/sell opportunities based on a set of parameters you defined could you go further into that and into the excel spreadsheet you set up? Another ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 9, 2012
I have spent already quite a lot of time on that thread. I think you are losing the focus here. The main point in this thread is NOT whether using a SL is good or bad, I did not mean to revamp the old battle SL vs no SL. The method I am using and I ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 9, 2012
This really is the essence of my thinking of not using a predefined SL. I couldnt have expressed it any better than you did. Totally agree. Thanks!
No SL No Leverage Strategy - working so far
- Nacho replied Apr 9, 2012
I'm using ALPARI as broker now which allows me to trade micro lots. If I'm able to lock in 5/6% of my margin every month, then it will take me 16/20 months to double my account...which is the slowest step, as I start to trade bigger lots, the time I ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 9, 2012
Hi DedMatvey, I've read your post on the other thread. Actually I am interested in understanding your way of trading and to know abt record high/lows you found. My first answer maybe was a bit incomplete. Could you explain further your way of ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 8, 2012
Hi, Well i'm talking about 15/20 pips per each trade, if they close fast I open new ones, max 5 at once, I lock in on average about 65/90 pips every 1 or 2 days, which is small money now that I trade 0.01, but not bad either!
No SL No Leverage Strategy - working so far
- Nacho replied Apr 8, 2012
Hello DedMatvey! Thanks a lot for your support!I believe in this way of trading and knowing that there are experienced traders that think the same makes me more confident about its success. So I am very willing to hear your suggestions and try to ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 7, 2012
thank you esprit for your words and for the link you provided. I actually trade for small TP only because it is quicker to reach. Trading for 15 pips allows me to close trades sooner and free again my margin so I can open new ones, whereas if I ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 2, 2012
Thank to those who gave meaningful opinions and suggestions instead of just sniping at the method. I am aware that it needs to be adjusted with a sound risk management rule/strategy. I'm interested in reading about different risk management methods ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 1, 2012
thanks Rob216, I will check out that thread!
No SL No Leverage Strategy - working so far
- Nacho replied Apr 1, 2012
I believe entering on a H4 cross of ema is a good entry rule, in fact have reached tp most of the time (not hard since my tp is only 15/20 pips) before going that far against me.
No SL No Leverage Strategy - working so far
- Nacho replied Apr 1, 2012
You are right, I'm basically risking it all for 15 pips and I am conscious of it. The idea I'm believing in is that as long as I trade small and I have probabilities in my favour this will not happen, and before I arrive to lose half my account I ...
No SL No Leverage Strategy - working so far
- Nacho replied Apr 1, 2012
Thank you! I will definetely try the hedging way.
No SL No Leverage Strategy - working so far
- Nacho replied Apr 1, 2012
but to wipe out 100% of my account trading 0.01 lots, assuming 1 pip worth is abt 7 euro cents, means I have to lose more than 14000 pips. I only open no more than 5 trades at the same time. It is very unlikely that this could happen. Anyway, I ...
No SL No Leverage Strategy - working so far