As much as it would have been great to be able to spell and have great English grammer its not much less satisfieng to know that you have gott the message and you are on my ignor list. So Life is great
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DislikedTo anyone trading this beautiful pair right now, if price breaks 141 and keeps going strong, then it's safe to go long and hold to at least a few hundred pips profit. It it goes south past 140.00, then it's safe to short to TP about 100 pips only. Just my opinion, take it with a grain of salt.Ignored
Disliked{quote} I'm thinking of adding another pair to my list - would you say GJ is the pair to go? Keep going strong! show the community that you can go from rags to riches! hahaIgnored
Disliked{quote} I'd say GJ is the ONLY pair to go. If you trade, it will keep you very busy already. Try to master 1 pair only instead of multiples, that's the way I see it.Ignored
DislikedTo anyone trading this beautiful pair right now, if price breaks 141 and keeps going strong, then it's safe to go long and hold to at least a few hundred pips profit. It it goes south past 140.00, then it's safe to short to TP about 100 pips only. Just my opinion, take it with a grain of salt.Ignored
Disliked{quote} Hate to say I Told you so...But....... I Told You So! Example: My Equity was Way High Beginning of the week then everything reversed, had to close my trades on a loss an keep moving, currently down 9% for the week, this is what i call "Stress Free Trading", im still able to make good returns but i always have my parachute on.....Im able to make better returns than u with less Risk, plus I am Flat at the end of the day in most cases, which removes alot of stress.Ignored
Disliked{quote} Apart from the psychological benefit of not constantly seeing negative there are also other benefits to closing losses (financially) rather than holding onto losses. Net Swap:-$117.66 Part of this is being incurred because you have at this very moment 1 lot open for long and 0.25 lots open for short, matching 0.25 long and 0.25 short will incur a negative swap from the difference in the broker (for my broker this would be about $1.1 a day).Ignored
Disliked{quote} Well... I try to do my best to not get into situations like this, but sometimes it's inevitable. Again, I've said this before I guess. The reason I haven't closed those losers, is because I have some evidence (based on technical analysis) that I'll be able to close them for profit. Otherwise I'd have taken the losses. Just look at my history, there're closed losses every once in awhile. So yes, I can take losses no problem. Now it doesn't matter how ugly and bad that negative red number looks on the screen, they're gonna stay open if I believe...Ignored
Disliked{quote} If you can handle the psychological aspect than that's fine for you. But you still haven't addressed the avoidable losses I mentioned above: "Part of this is being incurred because you have at this very moment 1 lot open for long and 0.25 lots open for short, matching 0.25 long and 0.25 short will incur a negative swap from the difference in the broker (for my broker this would be about $1.1 a day)." If you want to make your account pretty with a straight line then go ahead, but if you are in this game for making money than you shouldn't...Ignored
Disliked{quote} I settled first on wanting to make 1 million dollars in 1 year. Then I asked myself, how much would I have to make weekly starting with that balance in order to pull that off. Then a compounding calculator shows that the closest number is 15%. Then I asked myself again, realistically do I think it's possible to pull off 15% weekly consistently. And the answer I came up with was yes. So that's why I'm trying.Ignored
Disliked{quote} Hi Raph, Do you also work backwards and see how many pips you need to make in each week/month to be on schedule?Ignored
Disliked{quote} If you can handle the psychological aspect than that's fine for you. But you still haven't addressed the avoidable losses I mentioned above: "Part of this is being incurred because you have at this very moment 1 lot open for long and 0.25 lots open for short, matching 0.25 long and 0.25 short will incur a negative swap from the difference in the broker (for my broker this would be about $1.1 a day)." If you want to make your account pretty with a straight line then go ahead, but if you are in this game for making money than you shouldn't...Ignored
DislikedRaphaelfx what currency is your account in. I opened buy position GBPJPY and my swap is paying me. USD account.Ignored
DislikedTo anyone trading this beautiful pair right now, if price breaks 141 and keeps going strong, then it's safe to go long and hold to at least a few hundred pips profit. It it goes south past 140.00, then it's safe to short to TP about 100 pips only. Just my opinion, take it with a grain of salt.Ignored
Disliked{quote} I have to hedge though. Hedge is life. It can save lives. If swap is the price that I have to pay in order to use it, so be it. The only way hedging is bad, is.. well.... when not done properly, or if things didn't actually work out as expected, then it can be disastrous, like trading without hedging can be disastrous as well. But if you have an edge and a very good strategy, then I'd say that hedging is highly beneficial even with swaps and everything.Ignored