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- 108 Results (1 Threads, 107 Replies)
- kingsurfer replied Dec 24, 2012
There are so many ways to trade profitably. Besides an automatic stoploss of a trade, there are other ways of managing an ongoing trade. To ensure a trade is well managed, an analysis of the current condition is done and appropriate action taken. An ...
Real Fx traders do not use stoploss
- kingsurfer replied Dec 23, 2012
Why do I have this feeling that you are advocating we buy at the top of the price range and sell at the bottom? And you are also saying we should keep buying at higher highs. You are scaring me. When this trend reverses we bought at the worst price ...
Here is what you should know: The Consensus!
- kingsurfer replied Dec 23, 2012
How about take the profit quickly and continue the fight on the loss. Imagine you are in a boxing match with an opponent of equal strength. Every time your opponent scores a point in the fight, the round is ended and awarded to him. However, if you ...
How to rescue a losing position?
- kingsurfer replied Dec 20, 2012
Words of Wisdom, simple but loaded. King.
How can I be sure that my SL is in the right place?
- kingsurfer replied Dec 20, 2012
` Whereas I do not use stoploss orders, I must warn that trading without stop loss is very dangerous if you do not know what you are doing. Pls use stop loss if you are new to forex or are not fully convinced you understand forex- your account will ...
How can I be sure that my SL is in the right place?
- kingsurfer replied Dec 20, 2012
Kanzler, do u continue to analyse your trade after you have entered it? If you do, why? Obviously you do, for in ur comment above you noticed the trade was wrong before it hit your stop loss. That's why you considered completely exiting at that ...
How to rescue a losing position?
- kingsurfer replied Dec 19, 2012
Exactly. The problem is in finding a strategy that consistently harnesses this flunctuation to your advantage. Not easy.
Do you believe in forex?
- kingsurfer replied Dec 19, 2012
I am discussing a trade I have already decided is a loss. For profits I take them at their first attempt. I don't joke with the profit!
How to rescue a losing position?
- kingsurfer replied Dec 19, 2012
This is one method. Do you have a problem with it? Will you still have a problem with it if a trader is making above average returns with it? ie is your problem with it not subject to reason? At price A you may fell comfortable having 3 lots in the ...
How to rescue a losing position?
- kingsurfer replied Dec 19, 2012
A simple attempt (as a trading strategy I had used in the past) at rescuing a losing poition goes as follows: At some point in a losing trade I decide to exit this trade in loss before it hits the location of a hard stop. I wait until it ...
How to rescue a losing position?
- kingsurfer replied Dec 19, 2012
Rescuing a losing trade at random will speel doom for a trader sooner than latter. However a well informed decision to attempt to rescue a trade or not may depend on a trader's strategy. Some strategies have planned trade sequences that depend on ...
How to rescue a losing position?
- kingsurfer replied Dec 17, 2012
Hello John. Thank you for your post and apologies for the delay in reply. I had a major life issue to sort out and forex was interfering in no small way. I had to suspend forum activities and even trading while it lasted. Sorted out now. Extended ...
Extended Martingale
- kingsurfer replied Dec 17, 2012
Sorry Sir, not quite. A person with an 85% win rate has a possibility of 15% loss on his first trade. For 2 consecutive losses he has a chance of 2.25 times in 100 consecutive trades. For 3 consecutive losses he has a chance of about 3 times in a ...
Martingale... How to make it WORK for YOU!
- kingsurfer replied Sep 17, 2011
Profit factor is the ratio of your winnings (in real money) to your losses over a period of time. Now that I have shown you the calculation, when I'm I getting my million $$$$ ? When you ask for detailed summary of your account it produces amongst ...
How would you lot manage in this situation?
- kingsurfer replied Sep 17, 2011
I don't know how you trade but I believe you do not enter the market completely randomly. If you use any kind of filter, by implication you have just admitted that you believe some set-ups are better than others. Mfurlend only tried to quantify his ...
How would you lot manage in this situation?
- kingsurfer replied Sep 17, 2011
The smart move is to use 1.2 lots for trades similar to trade 1 and 2.0 lots for trades similar to trade 2 A smarter move is to allocate 1.0 lots for trades similar to trade 1 and 5.0 lots for trades similar to trade 2 But the smartest move is to ...
How would you lot manage in this situation?
- kingsurfer replied Sep 6, 2011
I think you are getting things mixed up. You were following the trend, and you assumed it will last forever? Have you ever heard that the further a trend goes, the weaker it becomes? If you were a no SL trader you should be countering the trend! and ...
zero number game zeroing me out!
- kingsurfer replied Sep 6, 2011
You are assuming she never makes any withdrawals. She does not seem to me to be all that stupid. If shes's made 700% she can withdraw 300% for personal use, start two other accounts with 100% each, while continuing the original account with 200%. ...
Dukascopy Trader of the Month 100% risk?
- kingsurfer replied Sep 4, 2011
The OP has an idea of what it takes to become profitable but is he ready for the truth? What if you are told that you need to throw out nearly all you have been taught as safe trading practices in order to become profitable, will you even listen? ...
if 99% fail why not reverse what we trade
- kingsurfer replied Sep 2, 2011
Redlion, I always knew hanging around you is a goldmine. Just a matter of time and you will spill it all.
zero number game zeroing me out!King.