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- PlinyYounger replied Jan 21, 2015
This. Forex is 85% money management. Picking proper entries means nothing if you don't know how to use proper position size, R:R, or proper stops.
- PlinyYounger replied Jan 21, 2015
1. Learn proper Money management 2. Learn proper risk management 3. THEN learn Ichimoku
- PlinyYounger replied Jan 21, 2015
Personally, I hate anything beyond 10%-15%. That is mainly because it is telling me either my position sizes are off, or I am utilizing poor money management. Typically, I like to only risk 1.5%-2.5% of my capital per trade, so if I am at a 15% draw ...
- PlinyYounger replied Jan 21, 2015
Sounds like OP would rather blame the market for their failure rather than themselves for not understanding or appreciating what they were getting into. OP can't get around to asking himself where he/she failed and to go back and learn and correct ...
- PlinyYounger replied Jan 21, 2015
Does anyone else use the 18 52 104 settings on Ichimoku? I recently switched over and the results have been nice. You get a lot less trades, but the signals are generally stronger and the trades run for a while. Currently in a CAD/JPY trade that's ...
- PlinyYounger replied Jan 21, 2015
I think it just shows the importance of stops. I am a swing trader and I had two trades hit my stops and lose most of the profit I had gained (still ended up in the black). However, I live to trade another day thanks to risk management and using ...
- PlinyYounger replied Jan 21, 2015
I always, always ALWAYS use a SL. Look what happened to CHF last week- imagine not have a stop on an open trade and wake up to find it moved 4,000 pips against you. Its better to use a stop and risk being stopped out of a good trade than to jump ...
- PlinyYounger replied Jan 21, 2015
I listen to a ton of Phish. So good to get a good jam/groove going and lose myself in the charts.
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