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- forexmum replied Nov 6, 2011
You are not alone..............
- forexmum replied Oct 31, 2011
I don't think there's a single right answer for that. It depends what you plan to take out of the trade. Perhaps the answer is 'both' depending on which gives you the most pips in the shortest time?
- forexmum replied Oct 30, 2011
M.A.C.Doug, do your stoploss often be hit by the fake out or the volatility of the market ? I'm curious to know this as well. M.A.C.Doug, why dont you set the takeprofit target at the next resistance (assuming buy position) ? because using breakout ...
- forexmum replied Oct 24, 2011
Very nice to meet you Favorite. Good job on getting things looking up. What did you do differently?
- forexmum replied Oct 23, 2011
Thanks Geoff
- forexmum replied Oct 23, 2011
Thank you Favorite, this is all good stuff. Try to look at this spreadsheet as Earnings Potential, NOT a P&L. By earnings I mean revenue. But you are perfectly correct in what you say. This spreadsheet is only half the real equation, and you are ...
- forexmum replied Oct 23, 2011
No offence taken Favorite.. You were too polite to be offensive. But I do believe you have also missed the point about understanding what is even remotely possible and about measuring your performance against it. We shall just have to agree to ...
- forexmum replied Oct 23, 2011
Oh nice, thank you! I don't get stopped out much, mostly because I use small lot sizes and large stop losses, which are calculated based on the type of trade and the risk of the trade. I use a combination of fibonacci, news/fundamentals, harmonics ...
- forexmum replied Oct 23, 2011
Thanks funwithbux I have read your past posts and wish there were more here like you. Each of our journeys is unique, but there are some constants common to us all. I am an executive coach by profession, and I have observed several types of people: ...
- forexmum replied Oct 21, 2011
True. But you do need to set yourself some realistic expectations and plan your journey accordingly. I don't think I explained myself well enough. Too many noobs think they can go professional in x months but you and I both know that is really ...
- forexmum replied Oct 21, 2011
I see from your comment I didn't explain its purpose very well. It is good business practice to set financial targets and goals. Successful businesses break that down to daily metrics for example number of cold calls, number of new clients, number ...
- forexmum replied Oct 21, 2011
Yes it is possible — I've been trading for around four years now, and have blown my account 4 times in the process. This was a valuable learning experience, and I only wish that I had listened to my own advice at the time. Four years later, I ...
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