No, this is just how you interpret it . I dont use a stoploss but you gotta keep your eyes open while trading .
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DislikedI will start posting my trades here in this thread. Although it might go against the conventional wisdom, i do not use any stoplosses as i do believe that this trading style saves me a lot of headaches. That does not mean that i donī t get out of a trade when i feel that i boarded the wrong train but i dont want to get off the train just because someone else doesnt want to have me on board and throws a stink bomb next to my seat. Anyway, here is the first trade. Comments, questions and market discussions are very welcome.
I BOUGHT USD/JPY at 107.15 (5:53 am GMT)
P.S.
All trades will be posted immediately after i placed them
Targets for all trades will be determined as the trade progresses
Buy prices are ask prices, Sell prices are bid prices
Time is always GMT
Quotes are from Interbank FXIgnored
DislikedOnlinefx:
I am new to forex (about 15 months). I never use stop
losses. I chose instead to minimize loss by using low/small
leverage; and it does work well if one has developed his/her
own trading system and sticks to it consistently.
I shall be reading your thread.
..Ignored
DislikedFirst my friend , i dont need any advice but thanks anyway. Second, thatīs just me trading, i just post my trades here and nothing else, noone needs to trade that way. And third, i have been warned for many years by so called experts and guess what.. i am still here . When i have evidence that the trend changes you can count on it that iīll be out. And if you can read a chart you know what the picture in AUDUSD is . Cheers.Ignored
DislikedListen buddy. You asked for comments and i gave you mine, from a professional traders standpoint. Go into any FX firm and tell them you trade without stops. You will be laughed out of the office. I see you don't listen, therefore you will be just another stat, that i guarantee.Ignored