DislikedHi N2fx
Thanks for visiting
Unfortunately I dont have much time for trading due to work commitments. I took some long term shorts on AUD I was hoping would keep my account growing without the need for constant monitoring but that has turned out to be a huge and costly mistake. I think the short position is still valid but it could easily be 6 months and 500 pips too early. I am going to have to cover and start again with half my account gone
Sorry to disappoint everyone who was watching and supporting me. Im taking a break for a while and reassess...Ignored
Sorry to see the impressive equity curve taking such a hit.
Imho, this is nothing to do with patterns, candlestick reading, News events or other chart related phenomena, but about Risk Management, and calculating your predefined allowable loss per trade.
In theory, how much in Aussie dollars (or %age of account which is nearly the same thing) are you risking per trade? Can you write down a precise numerical figure?