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- jmw replied Jul 14, 2009
Yes. The holy grail is the trader not the system.
- jmw replied Jul 14, 2009
Actually you wouldn't need a separate OCO order. If all the positions were combined into one position, then FIFO would work fine with a stop tied to that one position because the entire order would be taken out when the stop or take profit hit. This ...
- jmw replied Jul 13, 2009
Hi Jason. I am a current FXCM client. I would prefer to see my positions combined into one big position so that stops and limits can still be had on the one order. That way OCO's are no longer needed. It is the idea of keeping the orders separate ...
- jmw replied Jun 14, 2009
There's more to risk than just money. A trader needs to be able to watch price and make a determination if price action is good for his trade. If his risk is too high, he may be apt to bail early on the trade and make a minimum profit just because ...
- jmw replied Jun 12, 2009
I think it depends on a number of factors. 1. How much of your total assets are in your account? If you have 1% of you net worth in an account and you risk 10% of your account on the trade, you may not be risking that much. 2. Is it easy to replace ...
- jmw replied Jun 12, 2009
Learning to see and understand price was a big obstacle for me.
- jmw replied Mar 8, 2009
I recommend Chris Lori. He has a free web site at url . Check him out.
- jmw replied Jan 31, 2009
I personally know a couple of people that make a full time living trading forex. The thing I hear over and over and over again is it's all about psychology.
- jmw replied Jan 20, 2009
Thanks. I tried to look at your vbprogram but it is password protected.
- jmw replied Jan 20, 2009
Thanks for taking the time to post Chris.
- jmw replied Jan 6, 2009
You can check Kiwi's spreadsheet above. What you do is, create a sheet with all the information on it. Then use vlookup on a separate sheet in the same workbook. That worked very well for me and kept me from having to type it out every time. Hope ...
- jmw replied Jan 6, 2009
Thanks Kiwi. That helped me. I just put the data on one sheet, and then used the vlookup command. I appreciate the help.
- jmw replied Jan 6, 2009
Thanks Kiwi. That gives me some ideas. It may even solve my issue in an indirect way but I need to look closer to see if it really does. You've spent some time on that spreadsheet. Thanks again.
- jmw replied Jan 6, 2009
Tried that. Didn't work. But thanks for the suggestion. I checked out the DDE examples online. All of them had the actual value typed out. Is there one that comes with MT4? I'll have to go and look. Thanks
- jmw replied Jan 6, 2009
Thanks. Here's a small spreadsheet. The problem is, I can't get the spreadsheet to calculation the second formula first. In other words, it won't find the value for A1 in MT4|Ask!A1 It seems I have to type out EURUSD instead of pointing to it. If I ...
- jmw replied Dec 21, 2008
Oh yea. Way back then I was chasing news trading. LOL! Someone showed me indicators and I quickly laid them aside. I felt like I was driving 100MPH while looking where I had been. (All that math in school paid off.) Trading the news seemed to be the ...
- jmw replied Dec 21, 2008
Every trade taken is a portrait of the trader that took it.
- jmw replied Dec 21, 2008
Thanks. The psychology of the market and traders is fascinating. I would imagine that much can be learned about human behavior by reading FF forums. As for trading, I am learning a lot about me. That's what's fascinating about all this... the things ...
- jmw replied Dec 21, 2008
Got it. Thanks. I just wondered what it was since you put a hard figure on doubling the account. Everything I have read by anyone that seems to be successful says managing a trade is the holy grail, that and money management. Those are the two ...
- jmw replied Dec 21, 2008
What percentage of your account are you using on each trade? IOW, what is your money management when you practice this way? Thanks