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  • #1,167,921
  • Apr 29, 2020 2:53pm Apr 29, 2020 2:53pm
Quoting QuantemPips
{quote} Never used stops never will, HOWEVER, IMO this approach requires a well capitalized account that can tolerate deep drawdowns. I see all of these posts with guys / gals trying to run tight stops and hope the market takes off in whatever direction they've chosen. More often than not, just a little volitility stops them out at a loss - even if they were actually right about the market's short term direction. One has to have many "winners" to offset even a few "losers" using this approach I think. Better, again IMO, to trade broad ranges, like...
That's a cute story.
  • #1,167,922
  • Apr 29, 2020 3:49pm Apr 29, 2020 3:49pm
Quoting QuantemPips
{quote} Never used stops never will, HOWEVER, IMO this approach requires a well capitalized account that can tolerate deep drawdowns. I see all of these posts with guys / gals trying to run tight stops and hope the market takes off in whatever direction they've chosen. More often than not, just a little volitility stops them out at a loss - even if they were actually right about the market's short term direction. One has to have many "winners" to offset even a few "losers" using this approach I think. Better, again IMO, to trade broad ranges, like...
I use a more conservative approach. For every 5k, I do 0.07 to 0.1 lots.
Learn from your mistakes and march on.
  • #1,167,923
  • Apr 29, 2020 3:56pm Apr 29, 2020 3:56pm
EUR/USD has reached 1.08784 area and I am looking to sell to 1.07520 area
Master your mind. Master Trading.
  • #1,167,924
  • Apr 29, 2020 4:06pm Apr 29, 2020 4:06pm
I've got to make a couple of posts to show I'm a serious trader, in order to become a member, so I can start my own journal. This is my second post, I hope this will be enough to upgrade my status.
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  • #1,167,925
  • Apr 29, 2020 4:10pm Apr 29, 2020 4:10pm
Quoting princeali115
EUR/USD has reached 1.08784 area and I am looking to sell to 1.07520 area
The Euro is showing signs of strength, and USD is showing weakness. But you are free to do as you please.
Learn from your mistakes and march on.
  • #1,167,926
  • Apr 29, 2020 4:13pm Apr 29, 2020 4:13pm
Quoting here2there
{quote} The Euro is showing signs of strength, and USD is showing weakness. But you are free to do as you please.
Good point thank you ! But my friend losing trades is part of the game
Master your mind. Master Trading.
  • #1,167,927
  • Apr 29, 2020 4:16pm Apr 29, 2020 4:16pm
Quoting princeali115
{quote} Good point thank you ! But my friend losing trades is part of the game
Are you planning to lose?
Learn from your mistakes and march on.
  • #1,167,928
  • Apr 29, 2020 4:16pm Apr 29, 2020 4:16pm
Quoting here2there
{quote} I use a more conservative approach. For every 5k, I do 0.07 to 0.1 lots.

I appreciate you're using a similar approach, but how do you ever get anywhere in real dollars and cents with such small lots?
  • #1,167,929
  • Apr 29, 2020 4:18pm Apr 29, 2020 4:18pm
Quoting QuantemPips
{quote} I appreciate you're using a similar approach, but how do you ever get anywhere in real dollars and cents with such small lots?
With patience.
Learn from your mistakes and march on.
  • #1,167,930
  • Apr 29, 2020 4:25pm Apr 29, 2020 4:25pm
Quoting here2there
{quote} Are you planning to lose?
Hm I do not like the way you speak to me I’m not sure if I said something rude but I will say I am a professional trader and have been trading for years now. Taking losses is part of the game you must understand this. I enter a trade with confidence every-time and I am quite profitable so I am not worried about this trade losses WILL HAPPEN
Master your mind. Master Trading.
  • #1,167,931
  • Apr 29, 2020 4:25pm Apr 29, 2020 4:25pm
Quoting princeali115
{quote} Good point thank you ! But my friend losing trades is part of the game
Look into this. It will help.
Learn from your mistakes and march on.
  • #1,167,932
  • Apr 29, 2020 4:27pm Apr 29, 2020 4:27pm
Quoting princeali115
{quote} Hm I do not like the way you speak to me I’m not sure if I said something rude but I will say I am a professional trader and have been trading for years now. Taking losses is part of the game you must understand this. I enter a trade with confidence every-time and I am quite profitable so I am not worried about this trade losses WILL HAPPEN
I was only joking with you. I'm sorry that you took it the wrong way. I wasn't trying to be rude or mean.
Learn from your mistakes and march on.
  • #1,167,933
  • Apr 29, 2020 4:30pm Apr 29, 2020 4:30pm
Quoting here2there
{quote} I was only joking with you. I'm sorry that you took it the wrong way. I wasn't trying to be rude or mean.
Oh okay sorry! Thank you for you help brother
Master your mind. Master Trading.
  • #1,167,934
  • Apr 29, 2020 4:36pm Apr 29, 2020 4:36pm
Quoting princeali115
{quote} Oh okay sorry! Thank you for you help brother
No problem. I just sent you a message.
Learn from your mistakes and march on.
  • #1,167,935
  • Apr 29, 2020 4:58pm Apr 29, 2020 4:58pm
Quoting seincard
{quote} {image} This is my idea I think we will have both price range

So , waiting for another side !?

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  • #1,167,936
  • Apr 29, 2020 5:00pm Apr 29, 2020 5:00pm
Quoting here2there
{quote} Look into this. It will help.
this is something ive been interested in actually do you use it for trading?
Master your mind. Master Trading.
  • #1,167,937
  • Apr 29, 2020 5:02pm Apr 29, 2020 5:02pm
Looking to hold for now if we do break though i will stop my trades and take a small loss and flip to a buy but this level is important one to break it seems!
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Master your mind. Master Trading.
  • #1,167,938
  • Apr 29, 2020 5:25pm Apr 29, 2020 5:25pm
Looks like it may go up slowly.
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  • #1,167,939
  • Apr 29, 2020 5:44pm Apr 29, 2020 5:44pm
Quoting princeali115
{quote} this is something ive been interested in actually do you use it for trading?
Yes, I have a VWAP indicator I am using that is good for higher time frames. I use it on the 1HR. Unfortunately, it is not available for free. I had to purchase it. Not that I mind paying for it. It's worth it. But forum rules forbid me from telling you where to find it, because it is a commercial product.
Learn from your mistakes and march on.
  • #1,167,940
  • Apr 29, 2020 5:45pm Apr 29, 2020 5:45pm
Quoting Techanalyst
Looks like it may go up slowly. {image}
I agree. My buyer hat is on.
Learn from your mistakes and march on.
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