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- newbietofx replied Dec 12, 2017
When I first started. I thought the ratio has to be equal. 10 years later. I found a way to lose 5 to 10 pips to make 50 or 100 pips. Just yesterday I made 50 pips but I didn't close because I wanted to let my winner run. So I always look for 2R to ...
- newbietofx replied Dec 12, 2017
This pair abit confusing. But I notice something...
- newbietofx replied Dec 12, 2017
No. But I'll take it to heart and implement.
- newbietofx replied Dec 12, 2017
I took 10 years. Started in 2006. Paid $5k for a chart patten known as 123 top/bottom. The system requires me to count pips and ignoring fundamentals like news, sessions economy of time. I made 100% return in 2013 and succumbed to greed when I turn ...
- newbietofx replied Dec 12, 2017
When I first started trading. I'm looking forward to 10 pips. Then as my confidence level rises I'm looking for 25pips and then when I crash. I'm just lucky if I get 5 pips. 10 years forward. I now understand the ratio of high return low risk. Buy ...
- newbietofx replied Dec 12, 2017
How do you justify the winning percentage? Volatile currency don't show the obvious until it reverses.
- newbietofx replied Dec 12, 2017
After 2 days I finally make more than the bank in one month. Uob gives me 0.001% per year and 3.33% with conditions. I just made it back in 2 days. But obviously. How long can I hold on to this winnings. Only time can tell. I'm looking for $20 a ...
- newbietofx replied Dec 12, 2017
I have a theory. You can use opposing pair as gauge. Like I ought to measure audnzd to see which is strong and then use eurnzd or EURGBP or gbpnzd to filter. Alot of guess work but it does help.
- Fast moving currency
When it comes to setup. I'm always stuck with slow moving currency pair. I went long on AUDUSD ...
- newbietofx replied Dec 11, 2017
That happens if they don't have a checklist / journal for everything that has gone wrong and right. I don't believe anyone would be dumb enough to hold on to losses more than cutting profits. I for one had reduce the need to cut profits because my ...
- newbietofx replied Dec 6, 2017
Looking to buy.
- newbietofx replied Dec 5, 2017
I learn to lose 50% 5 times and make 100% one time. Almost made 50% but I take profit sequentially.
- newbietofx replied Dec 4, 2017
Thanks for visiting. My next goal is dividend and fundamental analysis on risk adverse and safe havens. Not so much into technical conflict or dynamics.
- newbietofx replied Dec 4, 2017
True. But I'm out. I'm a day trader. So not into holding positions that long unless it's a straight line up. My patience with pullback ain't that great.
- newbietofx replied Dec 4, 2017
OK. Got my answered. So it doesn't give you wholesale pricing level. It only gives alert after the break of support in a double top or the resistance after a double bottom.
- newbietofx replied Dec 4, 2017
Question. Does the alert comes after the formation of a double top or after price has reverse and does a breakout to the opposite direction? Does the alert be use as vps?
- newbietofx replied Dec 4, 2017
I'm supposed to update this but I'm turning to crypto. I'm using IC market with a standard lot of 0.1. After demoing. I found out the base line is actually 20 pips to 40 pips. So I'm down about $4. It's worth trading. Just be bullish.
- newbietofx replied Dec 4, 2017
Daily limit and monthly cut off. Forex is a business of risk and opportunities. Manage your risk and opportunity will come. Over leverage and you are walking on thin ice. It will not only break your confidence and also your dream. Many babies can ...
- newbietofx replied Dec 4, 2017
I've been at trading for 10 years. Done the no stop-loss. Martingale. You name it. But I always look at the trail of successful traders and they use stops. Having said that. A machine is made to do one thing. Tirelessly trade with no fear, no ...
- newbietofx replied Dec 3, 2017
I've tried Martingale. Blew up many times. Hedging via straddle. When one trade close the other trade gets open. Limit orders.