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- stan255 replied Jun 14, 2015
Price movement definitely isn't 100% predictable. However, we can predict with a certain probability to where the price is going to go next. Example: A double bottom where the 2nd bottom is at a strong point of support. There is > 50% probability ...
- stan255 replied Jun 14, 2015
I don't understand how a majority of traders fail in a live account after being able to successfully and consistently 2x, 3x or even 10x a demo account. I don't get it. Unless those traders are :- 1. Overleveraged and got lucky or 2. They trade ...
- stan255 replied Jun 10, 2015
1st chart is AUDJPY 15m tf yesterday. 2nd chart is GBPUSD 15m tf yesterday as well. The pips difference between my tp and the bar low was 8.3 pips. Its kinda hard imagining the spread widening out to that much for such a low volatility candle. On ...
- stan255 replied Jun 9, 2015
Taking 50% partial profits and letting the other 50% run while moving stops to breakeven is nice. How would you manage your other 50% runner? How would you determine if a trend is broken? A trend can be broken to 1 trader but can be a pullback entry ...
- stan255 replied Jun 9, 2015
Do you risk the same % for all time frame or do you give more weight to the higher tfs?
- stan255 replied Jun 5, 2015
I 100% agree on these, hanover. Here's my take on them. I don't understand how traders give a majority of their success because of MM. If their trading plan is bad, no MM technique is going to save your ass in the long run. MM is a multiplier to how ...
- stan255 replied Jun 3, 2015
I agree that its not as simple as "Bullish MA cross = Go long. Bearish MA cross = Go short." I'm considering putting some "weight" into my decision process when a MA cross appears but how much "weight" I'm still testing (hence this thread ). So ...
- stan255 replied Jun 3, 2015
From what I know, it's a signal many traders use that signifies a change in trend. Do you find this question weird and why? So my question is, if you're short and your Ma has been bearish and a bullish crossover appears. Would you reconsider your ...
- stan255 replied Jun 2, 2015
That's true but if your position size is too big for your account, your stop loss will be too small and it will tend to get hit quite often which will slowly blow up your account.
- stan255 replied Jun 1, 2015
So basically its the oversize that kills not the overleverage? A 1 lot trade in a $100,000 account is the same with a 1:1 leverage vs a 100:1 leverage. Correct me if I'm wrong here.
- stan255 replied Jun 1, 2015
Don't you think it should be "don't trade too big for your account" advice more appropriate? I kept hearing this advice and I kept getting confused on how in the world can leverage blow you up. I think its the position size that blows you up.
- stan255 replied Jun 1, 2015
I agree. Do you trade different directions in different time frames? e.g: short on h1, long on m5
- stan255 replied May 31, 2015
Definitely, I tried 1 of my strategies and it was losing money. I looked back and found that a majority of my positions I could have either:- 1. Close out for a small profit 2. Move stops to breakeven on a certain number of pips. If I were to do ...
- stan255 replied May 31, 2015
I still think the entry is much more important than the exit because if your entry is bad no matter how good your exit is your probability of profit is low. It's like using a bad trading plan with excellent mm, you will still lose money. Just ...
- stan255 replied May 30, 2015
I would define "chasing" when your tops or bottom entry target weren't hit and price reversed and closed multiple bars and half way to hitting your tp in the favour of your direction. An entry in this situation would be chasing imo after multiple ...
- stan255 replied May 30, 2015
I think where we enter our trade is damn important. Entering when price is 20 pips away from our ideal entry vs 40 pips away, our risk is 2x as much. Here's a follow up situation. Our ideal entry at point A wasn't filled and price went 40 pips in ...
- stan255 replied May 29, 2015
Let's keep this discussion to purely on chasing a trade instead of getting filled on your orders. Both of these are totally different topics eventhough both are somewhat correlated with each other.
- stan255 replied May 29, 2015
I'm 60% complete on the babypips school however I didn't remember coming across anything about how our account currency will be converted if we trade cross currencies. Thanks for the answers.
- stan255 replied May 21, 2015
Full time work = full time results. Part time work = part time results. No work = no results. I think 1 of the biggest killers in this industry is the expectation that we can make big bucks, expect the market to give us their money while doing ...
- stan255 replied May 21, 2015
I think the reason I was able to recognize my mistakes was from the books that I read before I started trading. There are 2 types of things that you dont know: things that you know that you dont know & things that you dont know that you dont know. ...