profitable trades closed for today.
More shorts still on.
Bye for today guys.
More shorts still on.
Bye for today guys.
Intraday only.
1
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedprofitable trades closed for today. More shorts still on. Bye for today guys. {image}Ignored
Disliked{quote} That is like saying you can pick up a book in a foreign language and by concentrating your mind you can read it. Seeing a chart and being able to comprehend what it is telling you are entirely two different things. What triggers entries, hedges and exits must be based upon what the chart is saying not what the trader thinks. These triggers are based upon high probabilities inasmuch as the outcome is usual but not always definite hence we have stops as safeguards. The questions traders should be asking are what constitutes triggers and this...Ignored
Disliked{quote} You are Absolutely right, but controlling your emotions and discipline can serve the cause. Traders must not risk more than 5% of the equity on each trade than probability of never loosing will definitely increase.Ignored
Disliked{quote} I don't really subscribe to this notion of % risk. What is special about 5%? What is the other 95% in the account for? It may as well be in the bank collecting the massive interests the bank pays. If I have to risk $100 to make a potential $1,000 then I will do it irrespective of the $100 being any % of the account. If my trade is wrong I am stopped out very quickly and await the next opportunity I spot. This is the crux of the matter. If the trade is wrong people hold on in a vain hope of it coming good, often it does but in cases like...Ignored
Disliked{quote} You are Absolutely right, but controlling your emotions and discipline can serve the cause. Traders must not risk more than 5% of the equity on each trade than probability of never loosing will definitely increase.Ignored
Disliked{quote} I believe most standard rules just set you up to die a death by a 1000 cuts. I read a study where risking 7% increases a traders profits by double over a year. Personally as I am a scalper that only aims for 5-15 pips per trade and have a high win rate, I just trade big out of a small account. This way profits are realised quickly with only a moderate risk on the table. So I would risk 20% per trade keeping some margin for a few hedges. Then I with drawn profits regularly. If I traded any other time frame than M1, I would probably lower...Ignored
Disliked{quote} The whole thing is quite complexed to explain because it does reflex what each of us see in the market and what we practice to profit. If we were all right all the time then we wouldn't have a market would we? A guru would own the lot, or a bank or the so call big boys...But that isn't, and never will be the case. We develop our own system and then apply the math to realise the result we desire. For me I am not sure what a scalper is. For me all trades start as scalps and develop into trades. That is to say I can get multiple trades on to...Ignored
Disliked{quote} The whole thing is quite complexed to explain because it does reflex what each of us see in the market and what we practice to profit. If we were all right all the time then we wouldn't have a market would we? A guru would own the lot, or a bank or the so call big boys...But that isn't, and never will be the case. We develop our own system and then apply the math to realise the result we desire. For me I am not sure what a scalper is. For me all trades start as scalps and develop into trades. That is to say I can get multiple trades on to...Ignored
Disliked{quote} That is like saying you can pick up a book in a foreign language and by concentrating your mind you can read it. Seeing a chart and being able to comprehend what it is telling you are entirely two different things. What triggers entries, hedges and exits must be based upon what the chart is saying not what the trader thinks. These triggers are based upon high probabilities inasmuch as the outcome is usual but not always definite hence we have stops as safeguards. The questions traders should be asking are what constitutes triggers and this...Ignored