"Holy Grail" exists - accepting where is the first step.
- Joined Aug 2006 | Status: Member | 4,799 Posts
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
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DislikedThey say : Always use Risk - Reward ratio, better 1 :2, best 1:3 Say you want to make 20 pips, then your SL must be at 10 pips or TP 100, SL 50...mmmmhhh I think it's hard to follow,Ignored
Disliked{quote} ............................................ if you go lower than 50 you may want to reconsider either fit enough in this field, otherwise back to where the basic learning. as to maintain good entry need time, and some traders often fall in the long run. this where the risk reward ration takes part, besides fx trading never mean to be having an extremely accurately sharp entry. but it's more how much we've got when profit and how much we loss at losing trade, based on this line come the mighty myth Risk Reward Ratio. just my thought,...Ignored
Disliked{quote} agree with you bro...but it's still hard for me to choose between tight SL or wide TP, example : if I need only 20 pips per trade, than my SL should at -10 pips or even -7 pips, and since I dont have this " good entry time" dont you think I will hit my SL everytime? because I dont need much, only 20 pips thats why I dont use SL, I use mental stoploss (and I hope my mind still in its place when I must hit that SL button) Hey, that out of topic lets go back, I have one : Bulls make money, bears make money, but pigs got slaughteredIgnored
Disliked{quote} btw i;m not yet giving my encouragement words. here's mine, seriously this is mine : "we can never beat the market but we can always win the price" this could be my tagline upon my website project fxindikator, i dare to put this on FF first. back to your ouf off topic problem, i can barely defy and not answer to that. tight SL would result an overtrade, larger SL produce higher lost per trade. both are not suit as profitable manners. and i just try to keep up with tight SL and avoid to overtrade, use price action method it would takes time...Ignored
Disliked"Amateur traders focus on how much they can make. Professional traders focus on how much they can lose." fartistIgnored
DislikedTrading is not about money. Trading is about consistently making the correct decisions. If you make the correct decisions you will make money. If you chase money you will continually make poor decisions.Ignored