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- TheRealThing replied Sep 7, 2010
Thanks Intu for providing the impetutus for researching my trading records of the "1 pip" experiment. You are right about my purpose for the trial in every way. I was trying to show traders a way to condition the mind via a cheap experiment. If a ...
- TheRealThing replied Sep 1, 2008
No trading is without risk except riskless trading. — BBPI_fxtrader You are absolutely right. There is no such thing as trading without risk, except demo trading. But perhaps demo trading even has risk because it subverts the learning process. ...
- TheRealThing replied Aug 30, 2008
Money Management is one of the key factors in securing success! — Too many people throw out the quick answer of "Money Management" when asked what separates winners from losers. There is much truth in that knee-jerk reaction. to a degree.... ...
- TheRealThing replied Jul 14, 2008
An important note---- — Since some of the cat is already out of the bag, I thought some perspective might be useful to DIBS hunters. The secret is in long tails. No pun intended. The important note to mention here is-- zinc6, in his kind, ...
- TheRealThing replied May 5, 2008
This is actually one of the more interesting threads on FF- — The same problems you have with making any money by trading can be distilled to the simple question of "how to absolutely be sure of making just 1 pip." Ask the right questions, ...
- TheRealThing replied Jan 2, 2008
I am going to repeat the first paragraph of my earlier post-- Can this forum handle some Truth...? "I've been trading for a living for many years. Using robust methods that have worked for decades, and I trust will continue for more decades. I've ...
- TheRealThing replied Nov 30, 2007
Chris-- You can operate from the previous weekly close or the open of Monday (whenever you believe that is). Both have proven effective. It is a provable fact that working from the weekly open is better. What is great about methods of this type is ...
- TheRealThing replied Nov 29, 2007
I am waiting until Monday morning to place my trades for next week. I never take more than 2 trades a week with this method. Taking more trades unnecessarily increases risk without appreciably increasing potential reward. TheRealThing
- TheRealThing replied Nov 23, 2007
Yes. You have to choose how many times you will allow yourself to re-enter after being stopped out. Your overall best risk/reward is if you take one trade per week. But you might miss a big trade if you don't re-enter. Next best is 2, then 3,.... ...
- TheRealThing replied Oct 10, 2007
Going after an elephant requires an elephant gun.... — Trading involves tradeoffs. Very good idea to use a larger "hit number" than 30 pips. With only 30 pip separations, you would be mostly trading "noise". I've mentioned in posts before that ...
- TheRealThing replied Oct 1, 2007
Absolute truth! — I couldn't have worded those thoughts any better. The fewer attempts you allow yourself each week, the higher your overall edge per trade. Yes, you will miss some big moves if you only take the first trade, get stopped out ...
- TheRealThing replied Sep 18, 2007
Nice to see a few new entries concerning this weekly method-- — It is always frustrating to have a loss trade right off the bat. But trading is a lot like poker in that the ones who can deal with the variation best tend to be at the winning ...
- TheRealThing replied Aug 16, 2007
I also took the short trade this week in GBP/USD, selling it in the 2.0185 area. As I write this, the trade is up 367 pips. Most individuals who have only watched, and/or traded the Forex for a couple of years have a difficult time sitting with a ...
- TheRealThing replied Jul 26, 2007
The Weekly "Scalping" system exposed!!!! — I thought I would include a few comments about the weekly scalping method, as the last few weeks have been spectacularly profitable. I find it almost amazing that people in this forum are ...
- TheRealThing replied Jun 24, 2007
Money management cues — To know what money management method to use on your chosen method, you must first know the expectation of your method. My version of the weekly system has an edge (expectation) of approximately 8 - 9 %. (For every $1000 ...
- TheRealThing replied Jun 22, 2007
Decent week! — Well, it ended up making a little more. Ended up with 171 pips in GBP/USD, and 280 pips in GBP/JPY, my favorite because of the extra money from the swap. With very little initial risk. Helps make up for some of the less ...
- TheRealThing replied Jun 20, 2007
I like your answer---- — I agree with your assessment completely. If you have tested the trading method, know you have tested it correctly; are using money management that is proper for even larger than expected drawdowns-- you need to keep ...
- TheRealThing replied Jun 12, 2007
Trading is about opportunity-- management is about maximizing the existing opportunit — I perceive this very differently than you. I see Leonardo's Trading Test as perfectly applicable to trading. Trading is about dealing with existing ...
- TheRealThing replied Jun 12, 2007
Added Value- Yes! — I absolutely agree with you. Life is a trade. Whatever situation you are in..., it is how you deal with the situation is what propels you to greater or lower success levels. TheRealThing
- TheRealThing replied Jun 11, 2007
Leonardo's Simple Trader Test--Money Management, Utility Theory — Many traders confuse trading method money management systems for their own personal utilities. Utility Theory and Prospect Theory are closely allied, in that they allow one to ...