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trading Dash Fibo V1- Forex Without Tears

  • #3,041
  • Mar 26, 2018 9:11am Mar 26, 2018 9:11am
Quoting comeback2000
{quote} I have no experience on trading higher lot size since the DD will be very high last time i did in JPY i lost the deposit of ~200$ . Do you have experience on trading higher lot size in real account for basket trading.
I think our concern should be, are we making the pips, if we are not, than it means even if you have 500 and i have 2000 we are still going to lose.

Our strategy should therefore be our major concern

Entry and Exit timeframe

Most importantly timeframe I think so, what time frame should we get ourselves in or enter a position
  • #3,042
  • Mar 26, 2018 9:15am Mar 26, 2018 9:15am
To be successful. What should be the average daily profit. ? %1 - %2 (capital ) or More ?
What is standard?
  • #3,043
  • Mar 26, 2018 9:41am Mar 26, 2018 9:41am
Quoting Zk2017
{quote} I think our concern should be, are we making the pips, if we are not, than it means even if you have 500 and i have 2000 we are still going to lose. Our strategy should therefore be our major concern Entry and Exit timeframe Most importantly timeframe I think so, what time frame should we get ourselves in or enter a position
strategy is just 30% of trading, the most important to focus on is the mindset and money management. we could have exact say signals but both of us might not be profitable.... there is a random distribution of wins and losses in an EDGE...An edge is the probability of x happening more than y....if you have a strategy that wins 6 ut of 10 trades with R:R of 2:1, we have no idea which of the setups will be the winner and which will be the loser, so we just keep taking the trades even when in a losing streak....it takes someone with the right mindset to keep taking the trades even after 4 straight loses....

time frames to trade also depends on the type of trader you are with the right mindset....are you a swing trader, a short income trade or a position trade....you have to understand which you are before determining what timeframe you want to trade
cut your losses short and let your profit run
  • #3,044
  • Mar 26, 2018 11:25am Mar 26, 2018 11:25am
Quoting bleeze
{quote} strategy is just 30% of trading, the most important to focus on is the mindset and money management. we could have exact say signals but both of us might not be profitable.... there is a random distribution of wins and losses in an EDGE...An edge is the probability of x happening more than y....if you have a strategy that wins 6 ut of 10 trades with R:R of 2:1, we have no idea which of the setups will be the winner and which will be the loser, so we just keep taking the trades even when in a losing streak....it takes someone with the right...
Thank you very much for coming in Bleeze and MJ

Now one thing that I have noticed, especially for us the newbies, we sometimes take on a longer time frame, like the 4h and we forget that during the 4h, a lot can happen, the market can move back and forth in an hour 30m and 15m as well as 5m.

Is our SL wide enough to sustain the back and forth of longer time frame.

A lot of people always ask what your SL, referring to Bleeze MJ Wallaa and Opemipo,why?
simply because we(newbies) get clipped out quickly not because we fail to pickup direction of the market
  • #3,045
  • Edited Mar 28, 2018 3:06pm Mar 26, 2018 11:58am | Edited Mar 28, 2018 3:06pm
Quoting Opemipo
{quote} We are almost there...{image}{image} LAGOS FREE FOREX SEMINAR: 4 DAYS TO GO... REGISTER NOW THROUGH POST 3,2023. Olufemi
Finally we are there...
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We gained 333.60 pips for 82.01%...
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Lagos Free Seminar is knocking at the door.
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If you have shown your interest please send a blank mail within 24 hours from now to

know how to get to the venue of the seminar to:

{ email address deleted by staff }
SUBJECT: LAGOS FREE SEMINAR VENUE

Please, follow this instruction strictly, otherwise, you will get no response.

Thanks.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #3,046
  • Mar 26, 2018 2:16pm Mar 26, 2018 2:16pm
Quoting Zk2017
{quote} Thank you very much for coming in Bleeze and MJ Now one thing that I have noticed, especially for us the newbies, we sometimes take on a longer time frame, like the 4h and we forget that during the 4h, a lot can happen, the market can move back and forth in an hour 30m and 15m as well as 5m. Is our SL wide enough to sustain the back and forth of longer time frame. A lot of people always ask what your SL, referring to Bleeze MJ Wallaa and Opemipo,why? simply because we(newbies) get clipped out quickly not because we fail to pickup direction...
bleeze has hit the answer.this is the reason i trade different method with different account.for my my strategy will determine every other things....e.g i lost today in one account and gain in another.
there is a lot to be learnt beyond just having a strategy.i will talk about only how i trade in my mentoring class.
keep sending mail to join at [email protected]
mj
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  • #3,047
  • Mar 26, 2018 2:20pm Mar 26, 2018 2:20pm
we are still expecting the gbpaud to go down .....
  • #3,048
  • Mar 26, 2018 5:34pm Mar 26, 2018 5:34pm
How can I reset my dashboard stat from my previous basket? So I don't have to run the mt4 again?

I changed the magic number but it doesn't help. I want to reset just the highest and lowest pip count.
Anything above the line is an uptrend, below the line is a downtrend.
  • #3,049
  • Mar 27, 2018 12:20am Mar 27, 2018 12:20am
Quoting bleeze
{quote} strategy is just 30% of trading, the most important to focus on is the mindset and money management. we could have exact say signals but both of us might not be profitable.... there is a random distribution of wins and losses in an EDGE...An edge is the probability of x happening more than y....if you have a strategy that wins 6 ut of 10 trades with R:R of 2:1, we have no idea which of the setups will be the winner and which will be the loser, so we just keep taking the trades even when in a losing streak....it takes someone with the right...
This is same has doing martingale trade. So you mean to say for any losing basket trade just go with multiple trade with increasing lot size or edge the trade in another account and wait for the another signal.

Which is best "edge the trade" will have lot of spread loss. Doing martingale trade will need more deposit
  • #3,050
  • Mar 27, 2018 12:44am Mar 27, 2018 12:44am
Quoting comeback2000
{quote} This is same has doing martingale trade. So you mean to say for any losing basket trade just go with multiple trade with increasing lot size or edge the trade in another account and wait for the another signal. Which is best "edge the trade" will have lot of spread loss. Doing martingale trade will need more deposit
oh man....you need to read that again.....now i understand why you keep losing....you wont even read a post correctly
cut your losses short and let your profit run
  • #3,051
  • Mar 27, 2018 12:51am Mar 27, 2018 12:51am
Hello to all,
As the CAD is about 82% is on a resistance,
I do not take this position,
I expect this break up where cancellation so down in UT1H and 30 minutes.
If I'm wrong, I let myself resume.
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Sorry for my English: Google translator
  • #3,052
  • Mar 27, 2018 1:52am Mar 27, 2018 1:52am
Quoting Girelli
Hello to all, As the CAD is about 82% is on a resistance, I do not take this position, I expect this break up where cancellation so down in UT1H and 30 minutes. If I'm wrong, I let myself resume. {image} {image}

Can you explain better this part of your post, "I expect this break up where cancellation so down in UT1H and 30 minutes.
If I'm wrong, I let myself resume." pls?

And also the edge you introduced in combining S/R with currency strength on the DB.


Thanks
  • #3,053
  • Mar 27, 2018 2:10am Mar 27, 2018 2:10am
Quoting bleeze
{quote} oh man....you need to read that again.....now i understand why you keep losing....you wont even read a post correctly
Just i need to know i went for BUY in NZD when the trend going UP. After taking it came down now i was taking one more position to average the profit is this what to try to say.
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  • #3,054
  • Mar 27, 2018 2:53am Mar 27, 2018 2:53am
Quoting osittu
{quote} Can you explain better this part of your post, "I expect this break up where cancellation so down in UT1H and 30 minutes. If I'm wrong, I let myself resume." pls? And also the edge you introduced in combining S/R with currency strength on the DB. Thanks
Sale of CAD but not so UT H1
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Sorry for my English: Google translator
  • #3,055
  • Mar 27, 2018 3:21am Mar 27, 2018 3:21am
JPY BUY -- DEMO ACCOUNT
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JPY BUY --- LIVE ACCOUNT
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  • #3,056
  • Edited 5:12am Mar 27, 2018 4:56am | Edited 5:12am
Anyone went for GBP Sell and USD buy in real account today.

For me in demo it went great
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  • #3,057
  • Mar 27, 2018 5:28am Mar 27, 2018 5:28am
Quoting comeback2000
Anyone went for GBP Sell and USD buy in real account today. For me in demo it went great {image}
You should have taken it LIVE.
  • #3,058
  • Edited 5:57am Mar 27, 2018 5:35am | Edited 5:57am
Quoting jjaykofi
{quote} You should have taken it LIVE.
Yes i will do. Still i will do in demo for another 20 trade on the how many i am going to win i want to see Another GBP Sell and USD Sell
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  • #3,059
  • Mar 27, 2018 6:59am Mar 27, 2018 6:59am
One more quick trade GBP BUY and USD BUY=.03 LOT. This work in demo dont any went on live
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  • #3,060
  • Mar 27, 2018 9:24am Mar 27, 2018 9:24am
Quoting comeback2000
One more quick trade GBP BUY and USD BUY=.03 LOT. This work in demo dont any went on live {image}
Emotion Emotion, if we could sort out our emotion, one of the rules Bleeze mention, was to sort ourselve first, as it is the biggest obstacles.
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