- Search Forex Factory
- 707 Results (643 Replies , 64 Comments )
- Rap Skallion replied Sep 6, 2014
I think I will skip my weekly report next week. Starting over again and migrating away from IBFX. Stay away from FCXM.
Trading Without a StopLoss
- Rap Skallion replied Sep 6, 2014
The way I trade, using very small lot sizes and lots of trades is just not doable with fxcm. I'm glad they announced their pricing schedules. Sunday soonest, I am closing my account with IBFX and going with Oanda or a foreign based broker willing to ...
FXCM MT4 Good/Bad vs IBFX?
- Rap Skallion replied Sep 5, 2014
The difference between P/L and margin: Notice that there are times when the p/l is dancing around so fast you can scarcely read the numbers. Notice how steady the Margin is even during these times. Now P/L equals the number of trades X average lot ...
Trading Without a StopLoss
- Rap Skallion replied Sep 4, 2014
The more thoroughly you understand these things, no matter which methhod or style you use, the better a trader you will become
Trading Without a StopLoss
- Rap Skallion replied Sep 4, 2014
The key to trading without a stoploss appears to be the margin. If you are a newbe you should really study the relationship between number of trades, P/L size, balance, equity, and margin. Get on top of that and you will find the ideal entry point ...
Trading Without a StopLoss
- Rap Skallion replied Sep 4, 2014
hat I did this week: %change in equity:+238%/annum %change in balance:+54% annum %change in P/L-50(good) Margin Level %: 776.92 no of weeks since last taking a loss:0 no of trades open:11 0 pending 2%loss taken in gbp/usd which has continued ...
Trading Without a StopLoss
- Rap Skallion replied Sep 1, 2014
Playing through the news is a good way to put it. With the small lots, I need large rapid movements to make money. since I have every currency I trade bracketed, most of the surprises news events gives me are pleasant.
Trading Without a StopLoss
- Rap Skallion replied Aug 31, 2014
I agree that trading during the busy, news-driven days is a different animal. teus, wed., and thursdays are the busy days. the US session at opening and around ten o'clock are especially raucous. You have to acquire a touch. But then that touch is ...
Trading Without a StopLoss
- Rap Skallion replied Aug 31, 2014
It's funny because I make a lot of money off the news without a fixed stop loss. If one pair goes against you another goes for ( complementary correlation). the market usually overreacts and comes back so you take your money and run on the pair that ...
Trading Without a StopLoss
- Rap Skallion replied Aug 31, 2014
You assume that because we use no fixed stoploss we are doomed to ride the death trade to our demise. Not true, unless you use insanely large lot sizes as the brokers advise you to. There are many ways to reasonably close down a trade in loss. Get ...
Real Fx traders do not use stoploss
- Rap Skallion replied Aug 30, 2014
let me know what you think bob, Personally I use tiered pending trades taking profit at 20 pips and separated by the spread so that one closes before the other opens for when I am away, and I scalp the trades that are in profit when I see them while ...
Trading Without a StopLoss
- Rap Skallion replied Aug 30, 2014
Thanks Nanningbob for the info.having these on a single sheet of paper can strongly influence choice of trades when the margin gets tight. Maybe even before. Rap. p.s. of the 176 trades in profit I made this month 120 of them were in the high half ...
Trading Without a StopLoss
- Rap Skallion replied Aug 29, 2014
As for me I don't. Too complicated. I take advantage of breakouts, and I have seen staid and stable, low ATR turn wild and wooly in an instant. For instance the relatively staid USDCAD pair, with its plunge the last few days, doubling it's recent ...
Trading Without a StopLoss
- Rap Skallion replied Aug 29, 2014
I close all pending trades every Friday at one pm and anything in profit, not to be renewed. MT-4 plays funny games with pending trades on the weekend. I look to go into Tuesdays as lean and mean as possible. 2d of September, the banks will be back ...
Trading Without a StopLoss
- Rap Skallion replied Aug 28, 2014
What I did this week: %change in equity:+65%/annum %change in balance:+94%/annum
Trading Without a StopLoss%change in P/L(11%) Margin Level %: 599.01 no of weeks since last taking a loss:3 no of trades open:13, 0 pending noted that Wednesday, a normally busy day, was busy ...
- Rap Skallion replied Aug 27, 2014
Insomniacs do have that advantage. I have to get up and pee four, five times a night. Silver lining.Maybe that is why EAs don't appeal to me.
Trading Without a StopLoss
- Rap Skallion replied Aug 26, 2014
I really like Bilstein's method: If yesterday's close is above the monthly open->buy If yesterday's close is below the monthly open->sell Checking it with my own indicators (a set of Moving averages) They have yet to disagree. I thought until now ...
My multi-currency trade journal