Bank Currency Strength

Quoting neilgroom

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{quote} My advice on money management is in his thread somewhere.. Never risk more then 2% on any one trade and don't open to many trades with the same currency.. Bad news, war, earthquakes etc etc can impact that currency. I use a real account and risk up to 8 lots a time but when I do that I have ONE TRADE only. One that I have absolute faith in..

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Quoting bojack34

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I like how Davit enters his trades........he uses the "Stacking" method. (I believe Jesse Livermore used this as well)........ Figure out your Risk% and then break that down into about 4 or 5 different entries.......this will allow you to gradually enter into a trade. If price goes against your "direction" right away your only in for 20%-25% of your "total" risk%. Once you see the trade start to go in your intended direction you can then start to add (stack) the rest of your entries.

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Quoting neilgroom

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{quote} Nice idea.. Another thing is not many people know you can close half your position for example. At the minute I have 5 lots on the USD/JPY.. If It starts falling I can just close 2.5 lots for example to make sure I stay in profit and keep 2.5 etc, etc. hoping it will rise again. A large pullback. Remember if banks are buying and it drops after a sharp rise.. It's just a pullback so they can get a bargain price and then make sure the price rises again. Devious but very clever these bankers..

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Quoting bojack34

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{quote} I don't believe you can close partial position using MT4 if not on your cell phone. I could be mistaken though. I've been wrong before, just ask my wife.

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Quoting neilgroom

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{quote} lmao all wife's are like that. Mine thinks I'm stupid.. I just act it so she doesn't get my doing things when I'm trading. Never traded with a cell. I like a big screen ;-)

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Quoting bojack34

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{quote} how do you close partial position on your MT4 on your desktop? I didn't think it could be done. I tried to look into it before but couldn't do it.

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Quoting neilgroom

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I just change the volume to 2.5 for example and hit close. I click on edit order and then make sure I click on market execution and close how many lots I want. {image}

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Quoting bojack34

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{quote} I tried that before and it won't let me click on the volume field. I thought that is where I closed partial profits. Mabye i'm doing something wrong with the Market Execution field. I will try again next time im in a live trade. ATM im not in anything. Thanks Neil!

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Quoting neilgroom

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Glad you got it... Took me ages to figure it out when I started using MT4. I changed my buy order of 5 lots to close 2.5 lots. {image}

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Quoting Danku

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Hi All, Anyone know whether https://www.myfxbook.com/community/outlook has past history. Interested in backtesting .. Thanks

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Quoting MrGreen95

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Do you know other reliable sites with same function "Community Outlook" like Myfxbook? just for compare the data and for have a larger view

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Quoting neilgroom

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{quote} This is the best one. Nothing compares really. I was looking at a few last night. Usually mt4 brokers have them on their websites. I have lost the links though. I'll post it if I find it.. Myfxbook is the best though

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Quoting neilgroom

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Ok i've been doing a bit of detective work on the thread starter and bankersfx. If you have a subscription I'd love to know more but be careful as I reckon it's a scam... They scammed you here by giving it a good name. Main points are in bold Thread started by JayRai Trading From: • Amsterdam, Netherlands • Joined Forex Factory: • Feb 2017 • DOMAIN INFORMATION for bankersfx.com • Domain: • bankersfx.com • Registrar: • RealTime Register BV • Registration Date: • 2017-02-16 • REGISTRANT CONTACT • Name: • R Bashir • Organization: • Versio BV • Street:...

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