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- incomeideas replied Jul 20, 2015
Hi FTI, Hope you are well and enjoying living ! After reading your thread, I reviewed my trading psychology and methods. I stopped trading for sometime and moved to higher timeframe.; and started to "see" the market. It opened my perspectives about ...
- incomeideas replied Feb 11, 2015
Hi Hanover, Would like to find out more on how you trade writing covered options but could not PM you. Able to PM me ? Thanks in advance.
- incomeideas replied Jan 13, 2014
When I tried this MO on my demo 5 min EU, my adrenaline shot up 1000% and sweating. But once you internalised it and dance with the market, great gratification ! Thank you FTI for revealing this method, may God's peace and grace keep you safe and ...
- incomeideas replied Oct 10, 2013
Hi CodeMeister, The EA is working fine, code wise. I'm wondering is there any MQL4 internal program code restrict that ? If someone's EA managed to open simultaneous multiple trades from different pairs accordingly, then, at least I know it is not ...
- incomeideas replied Oct 10, 2013
Hi RaptorUK, It is on MT4 build 509. And there is no error in the log/journal, that's why it beats me what could have failed.
- incomeideas replied Apr 12, 2013
I agree. Do what you need to do to expand your account. There will always be Yes and No for different reasons and rationales from others. Thanks for sharing your hedging strategy. You devise your own system and strategy, thus, you are the BEST ...
- incomeideas replied Mar 6, 2013
Yup, it is 57.6% and EUR/USD is quite inversely related.
- incomeideas replied Mar 6, 2013
So you are trading USD ? For me, to trade EURUSD, I'll look for EUR cross pairs e.g. EURJPY, EURAUD, EURCAD, EURGBP, EURNZD to find where EUR is heading (direction as dictated by the majority). Then I'll check USD index for USD direction. IF EUR is ...
- incomeideas replied Mar 6, 2013
Thanks for the link Forexia.
- incomeideas replied Mar 5, 2013
Thanks for your replies, Cindyxxx, diceman555. Need some time to digest the info.
- incomeideas replied Dec 17, 2012
So, it is evidently correct to say that there are rescue methods. The question lays whether to use or not to use them. Using them would require resources = time + guts + capital + skill + plan, the outcome will depend on trader's capabilities to ...
- incomeideas replied Dec 15, 2012
Really appreciate all your responses guys, much thanks. To prevent this thread turn into a debate whether to use stop loss/hedging, lets focus on the quest for the rescue method. I have setup a poll to get a feel of how many traders are ...
- incomeideas replied Dec 15, 2012
It will be my new business plan, my old plan still running now.
- incomeideas replied Dec 15, 2012
Appreciate your sharing Cougar73, Auxesis. I know FTI is a much respected pro who really know his stuff.
- incomeideas replied Dec 15, 2012
This person as I mentioned earlier did suffer some losses, so there were trades beyond rescue. But I'm just amaze how he/she incur such low loss %.
- incomeideas replied Dec 15, 2012
Thanks all for your replies. Some may think that I'm stubborn and not willing to cut loss and move on. I have been doing that during my 6 years of tradings dutifully. But not until early this year, I coincidently bumped onto a thread of some forum ...
- incomeideas replied Dec 15, 2012
The loss management/damage control portion of the plan has yet to establish, thus the purpose for this thread.
- incomeideas replied Dec 15, 2012
Thanks for sharing attila. I presume you are scalping in low TF ? I guess price momentum thrust will be needed in order to attain high win rate with SL 3-5. How do you exit the trades ?
- incomeideas replied Dec 15, 2012
Thanks all for your responses. Just to share, I do have a 200 pips "protection stop" in place to protect my account in the event of sudden spike induced by CBs. By rescuing a losing position I meant to : - BE ,or - be in the new direction (trend ...
- incomeideas replied Dec 14, 2012
Thanks for the article WideEyed.