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Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies
Forex Training: What to Look for in a Forex Training Program 1 reply
The Journal Of A Macro Fundamental & Technical Analysis Junkie 26 replies
Trade Anatomy - ramblings of an old-timer 147 replies
DislikedHey SP,
Well done on the couple of trades and thanks for the chart uploads. Yesterday's end of day chart was especially useful.
Just out of curiosity, why didn't you break up your trades into 2 half positions? Setting a larger or no TP for the second position? You have done it on a couple of previous trades. Would you only do it when you are able to manage it?
Generally, what is your thoughts on splitting positions. Do you think there is a benefit in the long run? My thinking is that some times you'll get a runner which will be great, but...Ignored
DislikedHey SP,
Got one here for you - How can a trader know that the market is going to move so much today ? I see my ADX & the trend shoes strength but hardly the market moves strongly as expected. Its like the liquidity is not there in the fx market. Anyways a trader can know this ?
Good discussion..keep it up
Cheers
MubinIgnored
DislikedHey SP,
Got one here for you - How can a trader know that the market is going to move so much today ? I see my ADX & the trend shoes strength but hardly the market moves strongly as expected. Its like the liquidity is not there in the fx market. Anyways a trader can know this ?
Good discussion..keep it up
Cheers
MubinIgnored
DislikedI read some research a few years ago that proved that its better expetancy to hold the entire trade to exit. I wish I could remember the author I would link it. I think the only traders who benefit from splitting exits are the ones who are long term trend followers who rely on large profit tails. Remember I rarely hold a trade through rollover so I think its better for me to take my exits in full. I am trying though to hold the trades longer so I don't have to work as hard. I could have made 10% today on EU but I also need to sleep. Its a tough...Ignored
DislikedDear SP,
Thank you for this interesting and educational thread. Greetings to the subscribers and posters.
I want to reiterate some of the important things mentioned here by SP and others. Perhaps I may BRIEFLY elaborate on some items in order to help.
A Disclaimer: I've been in the markets since the late 1990s. I've been a member of FF for many years but I do occasionally change my member name. It helps me stay one step ahead of the Law. Two particular posts I did in the past were removed by the FF moderator. I never use profanity,...Ignored
DislikedDear SP,
Thank you for this interesting and educational thread. Greetings to the subscribers and posters.
I want to reiterate some of the important things mentioned here by SP and others. Perhaps I may BRIEFLY elaborate on some items in order to help.
A Disclaimer: I've been in the markets since the late 1990s. I've been a member of FF for many years but I do occasionally change my member name. It helps me stay one step ahead of the Law. Two particular posts I did in the past were removed by the FF moderator. I never use profanity,...Ignored
DislikedJust stumbled on your thread for the first time Seneca. You do a fantastic job of quantifying and wordsmithing some extremely important lessons of forex trading. It's great to see someone who has a very similar style to my own. I've become consistently profitable in the past few months and have been sharing my experience here on forex factory.
http://www.forexfactory.com/showthread.php?t=402660
I'm glad to see someone else demonstrating a thorough understanding of...Ignored
DislikedSemper Fi (I was army SOF but worked with marines and liked it every time)
It takes guts to post live trades. Good luck with your quest. If I can help in any way just ask.Ignored
DislikedLeverage:
...
If you are a beginner you should be trading with small leverage. If you are experienced and trying to get to the level of making a living you should trade with even smaller leverage. NEVER risk your account.Ignored
DislikedI most often find these discussions on leverage confusing, they tend to be overly complicated. I claim that this is really simple mathematics and in the end only comes down to proper money management.
Assume I am using a money management system, risking e.g. 2% per trade. Seeing a trade possible develop I determine a stoploss (measured in pips), now this stoploss (together with margin requirements) tells me how much money I need to hold in my account to be able to take the trade. So if this tells me I need $10,000 in the account, then leverage/margin...Ignored