Invest in alarm clocks
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DislikedDon't blame yourself for todays losses, remember today was a bank holiday for the brits and the yanks so there was a lot less volume/liquidity and volatility so systems often don't work as well on bank holidays.
Just a bit of food for thought.Ignored
DislikedHi Tony !
First of all I like your pure style of trading
I'm in a situation to build up my account to a such a level that
I can buy the ticket to a pro broker.
I'm coming from a low level and what I have learned during that time
is not to give up and have a real dream..
Focussing, discipline and good money management are the main tools
you have to use.
Tony I have the following questions :
1. What leverage are you using (amount per pip) ?
2. What about entering a trade on the 5 sec chart when price rises above...Ignored
DislikedHi Tony and thanks for sharing your method, I realy like the style of cutting those losses into 0 or small pip counts.
I do have some questions, I noticed in your other thread you mentioned that the hit rate was around 85 to 90% and was wondering why you would want to change your style.
I have not completed reading this thread yet but have seen you quoting the same sort of results again.
I just have this old saying in the back of my head, if it isn't broken don't fix.
Thanks again and will be watching the 5 sec chart with great interest.Ignored
DislikedHi Tony,
Thanks for your interesting thread. I so something similar on the 10M chart to what you are doing on the 5sec chart. I watch the "L" form and trade the part that turns the "L" into an "N", and always with a defined trend. Thanks for your work/effort to share this information and I hope you make enough money to afford a small island and retire early.
GEfxIgnored
DislikedThanks for the motivation. I'm definitely trying hard. Next month I'll be depositing a huge amount to trade with since my medium trading account has been growing. On Friday I went to my local National Bank and the guy next to me deposited 2 MILLION in front of my face. No kidding. I spent a minute to talk with him, he was very discreet. Right now, the only way to come up with something similar is forex, I see no other choice. If anyone want an inspiration here is what the dude said to me: "It's only by working hard that you will succeed".Ignored
DislikedGood stuff Tony... only by couragous real-money trading will your account grow. This is what seperates the wannabees with the doers.
I am intrigued though... taking a 2/3 pip loss versus a 20/40 pip win. Based on your trading history, could you give us a rough idea of how many winning-versus-losing trades you have on record. I guess they call it your win/loss ratio.
If, for example you did 100 trades. 70 of them lost 3 pips (-210) and 30 won 10 pips (+300) you would have a net pip gain of +90 pips. Not bad in any book.
At any rate, some idea...Ignored