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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
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EURUSD

Quoting asgcorp
not having a fixed stop loss // adding to a loosing trade // averaging in short/long on a way up/down // hedging with opposite orders - all are loosing strategies and will lead to eventual blow up of the account. Mean-reversion strategies will eventually lead to a blow up of the account. Read up on LTCM - they thought they were smart. https://en.wikipedia.org/wiki/Long-T...tal_Management
I have a fixed stop loss; as explained in my previous post
Quoting FXClarity
shorting the Dow / US30...
I also happen to trade stocks and options in US equities. Do you how many top callers went BK this year alone? so are you a top caller then? This keeps running (9 years a decent track record) you are going out of business. Good risk/reward.
Quoting FXClarity
{quote} I have a fixed stop loss; as explained in my previous post
no you don't have a fixed stop loss - i.e. feel free to post your exact entry and stop without %, let's see your entry and fixed stop, is that so hard?
Then we can figure out whether or not you have any risk management (at least 1:2 risk reward).
Quoting asgcorp
{quote} I also happen to trade stocks and options in US equities. Do you how many top callers went BK this year alone? so are you a top caller then? This keeps running (9 years a decent track record) you are going out of business. Good risk/reward.
Nope I am not a top caller - that's a mugs game - I trade a reversion back to untested breakout levels and book profits each year doing so...My drawdown has not exceeded 11% in the past two years and I have not blown my account.

Your trading bias is long - good for you enjoy the ride..mine is to trade a reversion back lower - which will be met and I'm trading accordingly.

I have no 'hate' towards anyone who may be long enjoying profits right now - that's because I am a mature man and am trading my plan - not a kid.
Quoting asgcorp
{quote} no you don't have a fixed stop loss - i.e. feel free to post your exact entry and stop without %, let's see your entry and fixed stop, is that so hard? Then we can figure out whether or not you have any risk management (at least 1:2 risk reward).

If my stop loss is 6% then it is fixed - what part of that isn't clear.

Oh, I really don't need you to 'figure out' anything for me - I have that in hand myself.

Goodbye and Have a Happy New Year.
EU MONTH
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DRAGON-TECHNICAL ANALYSIS!
Quoting asgcorp
not having a fixed stop loss // adding to a loosing trade // averaging in short/long on a way up/down // hedging with opposite orders - all are loosing strategies and will lead to eventual blow up of the account. Mean-reversion strategies will eventually lead to a blow up of the account. Read up on LTCM - they thought they were smart. https://en.wikipedia.org/wiki/Long-T...tal_Management

Fixed stop losses = death by a thousand cuts.
Quoting Mingary
{quote} Fixed stop losses = death by a thousand cuts.
Still LONG... SL at 19.91
Just shorted BP at 1.35 20

FXClarity don't take any offence. Point is that this kind of strategy won't work for most traders in here (day traders here mostly). If this works for you just keep doing whatever makes you happy. Have a nice day!
Quoting MrPresident
1.196 next target followed by 1.20
both targets reached, could go higher towards 1.209 and beyond
Don't Worry Be Happy
just on a side note

mean-reversion strategies tend to work best on sideways markets ie no big strong trends

but suffer a lot in strong trending markets

not criticizing FXClarity here , just saying that if that's good for him , i'm glad for him too , but i personally would not be seeking mean reversions at this stage imho
1.1991 hit...=FLAT.

Short BP

Had EURUSD is max already today ? What do you think ?
Quoting christid
Had EURUSD is max already today ? What do you think ?
i doubt it, it will explode soon once stock markets get into swing at 9:30am
Don't Worry Be Happy
Hi Guys

Just showing you my strategy here. This pair is not stopping anytime soon so hang onto your hat and jump on the bus.
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Trading thin liquidity at the boundary of the charts
Quoting RickM
Hi Guys Just showing you my strategy here. This pair is not stopping anytime soon so hang onto your hat and jump on the bus. {image}
i hope so but i'm ready to jump off the bus today before the new year weekend
Don't Worry Be Happy
Quoting FXClarity
{quote} Different strokes for different folk..I trade a reversion strategy that serves me well and have posted many trades in ForexFactory..where targets are met time after time. (By coincidence this time last year I was selling USD/JPY and people thought me mad..they didn't when the price dropped several hundred pips over in Q1) Trading a reversion strategy demands patience, discipline and clear money management rules. I am happily scaling sell orders into this and my target remains just under 1.16780 (chart below)...This target will be met and...
Hi FX Clarity

I use a similar trading strategy when I am trading with multiple entry's.
To make this work for me, I trade with two separate accounts or you may say a Kedging Account ( Not Hedging ).
I currently have 5 trades opened selling on AUDJPY, my main account is in the red about 950 pips ( that's a lot of margin ).
My Kedging account is Buying with currently around 4 trades in a basket and up around the same amount of pips.

Therefore I have little risk and a lot to gain from this trade. We need to use smart money management between two accounts if wish to survive in this wild forex world. My current Forex account B ( i have 5 MT4 accounts ) is up 100% since beginning of December.

Final note. Nothing I post here or in TMS is nothing but honest, I hate fake traders.
Trading thin liquidity at the boundary of the charts
Quoting MrPresident
{quote} i hope so but i'm ready to jump off the bus today before the new year weekend
Why ?
Trading thin liquidity at the boundary of the charts
Quoting RickM
Hi Guys Just showing you my strategy here. This pair is not stopping anytime soon so hang onto your hat and jump on the bus. {image}
Whats you target.

Don't you think we have seen the top.
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