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- nanningbob replied Mar 31, 2015
That was a good short summary. Appreciate it.
Trading Without a StopLoss
- nanningbob replied Dec 26, 2014
if you use multiple positions instead of the one in one out philosophy of trading you won't have this problem. A 30 pip stop loss is 1/3 of a penny. Try trading stocks or any other market instrument with a 1/3 penny loss and you get laughed out of ...
Forex Stop Hunting - What is it?
- nanningbob replied Nov 10, 2014
From hard experience that is the best way to trade. Gives you room to bail or add depending on how you read the market. No account killers when you finally close out a losing trade and multiply the winning move. I really cant see anyway better to ...
Trading Without a StopLoss
- nanningbob replied Nov 5, 2014
You dont have to go microscopic you just dont play your full position out of the box. Lets say you like to play 1.00 lot sizes. You dont have to enter the trade at a 1.00 lot but go in with quarters. You can add to a winning trade by .25 a position ...
Trading Without a StopLoss
- nanningbob replied Nov 4, 2014
Because its not a failed trade. Forex is the only investment industry I know that has a large following who believe there is something wrong with multiple positions. It is done in other investments and businesses all the time but you run into this ...
Trading Without a StopLoss
- nanningbob replied Nov 4, 2014
The problem with trading two accounts is being able to transfer back and forth when needed. It only takes one time for a transfer delay and you could be in trouble. I find trading multiple accounts and multiple screens, I miss things or get in too ...
Trading Without a StopLoss
- nanningbob replied Nov 4, 2014
I believe it was made to close out the FOREX retail trade on the small level. You can hedge and multi-level trade with the big banks. They are not covered by FIFO, for example Citi-Bank. But you need a minimum of 10K or more with these guys. Now ...
Trading Without a StopLoss
- nanningbob replied Nov 4, 2014
Imagine Congress passing a law that tells investors they have to buy and sell investments in the same order you purchase them. So if a real estate guru buys property in 2002 2005 2007 20011 2014. He cant sell the properties in 2007 and 2011 until he ...
Trading Without a StopLoss
- nanningbob replied Nov 1, 2014
Sound money management can make a poor trading system work and lousy money management can make a good trading system lousy. I didnt become profitable until I got this MM thing down pat. Too many traders are looking for the perfect trading system ...
Trading Without a StopLoss
- nanningbob replied Nov 1, 2014
CSS is the greatest trading tool I have ever used. Here are my comments for this week. Because of the huge JPY move it kind of distorted the whole thing. Made everyone else go up while the JPY went down big time. This probably will carry for the ...
Trading Without a StopLoss
- nanningbob replied Nov 1, 2014
Good point. One thing that is hard to grasp in multiple position trading is even though some trades seem to be deep in the red, we are still pocketing profitable trades. I have found that the constant banking of profitable trades eventually ...
Trading Without a StopLoss
- nanningbob replied Oct 30, 2014
Great post, great explanation. Why give money away? People simply dont comprehend that multiple positions is the best way to trade. Look at the COT reports. The numbers are almost always between 40-60 % going one way or the other. You think those ...
Trading Without a StopLoss
- nanningbob replied Oct 29, 2014
This chart gives you the relative strength of each currency. When one is going up and another is going down you buy the currency going up. If they are above/below the 20/-20 lines you have a trend going and ride the wave. You can see the ...
Trading Without a StopLoss
- nanningbob replied Oct 29, 2014
Sheesh didnt we talk about trading and going for 5-15% a month. The fact that that this trader was up 160% shows that this trader has no concept of lot size to account size. If you have a 10,000 account and trade 1 dollar lots you would have to lose ...
Trading Without a StopLoss
- nanningbob replied Oct 29, 2014
I dont trade correlated pairs, I trade strength of currency. So if one currency is running strong I trade it against currencies the are weak. When I get a matchup like that I can multiply my trades. I also watch the xxx.000 llines and play those ...
Trading Without a StopLoss
- nanningbob replied Oct 24, 2014
Go to this thread and read. These are guys/gals have traded with millions of dollars and have traded for banks and other financial institutions. You wont find your foolishness there. url
I am a loser in Forex trading, are you?
- nanningbob replied Oct 24, 2014
If your trading style can make you 250% in one month you can lose 250% ooooooops cant lose that much but you can lose 100%. I trade with 10's of thousands of dollars in an account and you dont trade that kind of money with that kind of risk.
I am a loser in Forex trading, are you?
- nanningbob replied Oct 24, 2014
Now you can look to buy the USD/JPY at these areas and take the ride.
I am a loser in Forex trading, are you?
- nanningbob replied Oct 24, 2014
Knowing basic fundamentals and you would not take such a position. The JPY govt. and bank are on a long term depreciation of the YEN that means short term retracements but long term JPY is going down and will continue to go down long term. Trading ...
I am a loser in Forex trading, are you?