Trading with no stop loss | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Stop Loss is not a financial loss 29 replies

Ea for take profit and stop movement based off risk(stop loss) 13 replies

Stop Loss vs. Hidden Stop Loss 26 replies

Who is best ? stop loss or trailing stop 46 replies

Stop Loss and Trailing Stop 0 replies

Attachments: Trading with no stop loss
Exit Attachments

Trading with no stop loss

  • #181
  • Nov 17, 2020 7:11pm Nov 17, 2020 7:11pm
27 days into the 'US election experiment' and the account has hit a period of HIBERNATION;
I have hibernated high risk accounts before with a grey-stop and waited up to ONE YEAR for it to come back in my favor, so this is not a new thing for me
-sometimes doubling down and sitting for a long term can give the biggest gains

Attached Image (click to enlarge)
Click to Enlarge Name: 31396b7671efc3042e72cb7863c8b0cd.png Size: 62 KB


## plan for xmas break is to run strat tests on live markets to see what might be changing and what might be worth exploiting, then possibly i will not be back at it until mid Jan for some high returns, as March and April are my best performing months
grist for the mill
  • #182
  • Nov 18, 2020 1:57am Nov 18, 2020 1:57am
for some reason AUD crosses are trading well for me this past month, so running a bigger float on them for a month, hopefully it keeps form until xmas


Attached Image (click to enlarge)
Click to Enlarge Name: c1abc2b7c73d4e3b8c9df6a708d4cca2.png Size: 26 KB
grist for the mill
  • #183
  • Nov 22, 2020 7:31pm Nov 22, 2020 7:31pm
Quoting JackJones
for some reason AUD crosses are trading well for me this past month, so running a bigger float on them for a month, hopefully it keeps form until xmas {image}
what is your entry and exit rules? can you share your open positions? want to learn if possible
LUCKY golden trades, LUCKY gold investor trading style
  • #184
  • Nov 22, 2020 9:06pm Nov 22, 2020 9:06pm
Quoting fx4money
{quote} what is your entry and exit rules? can you share your open positions? want to learn if possible
looking for ranging pairs or pairs that have just had a big swing up or down and bet of a period of consolidation and trading the volume magnet (green) zone.

a trend is not my friend.

ideally it would be nice to have a tool that finds a ranging currency across the board, as in it is able ot see CAD pairs are 'stalling' or something like that, but the reality is i just look at pairs and run a bot on every pair to see what is happening - mostly taking a 2-3 month 'snapshot' and hoping it will continue.

Attached Image (click to enlarge)
Click to Enlarge Name: 5810a42c7dff2626bdbdc0d7e16bb3e5.png Size: 119 KB
grist for the mill
  • #185
  • Nov 22, 2020 10:11pm Nov 22, 2020 10:11pm
Quoting JackJones
{quote} looking for ranging pairs or pairs that have just had a big swing up or down and bet of a period of consolidation and trading the volume magnet (green) zone. a trend is not my friend. ideally it would be nice to have a tool that finds a ranging currency across the board, as in it is able ot see CAD pairs are 'stalling' or something like that, but the reality is i just look at pairs and run a bot on every pair to see what is happening - mostly taking a 2-3 month 'snapshot' and hoping it will continue. {image}
i see, i am trading with no sl too, but going for small return target 5% per month
LUCKY golden trades, LUCKY gold investor trading style
  • #186
  • Nov 22, 2020 10:44pm Nov 22, 2020 10:44pm
Quoting fx4money
{quote} i see, i am trading with no sl too, but going for small return target 5% per month
one way i have been thinking to find this kind of scenario is to look at the 'strength metres' that seem to be around, if i get some time i might set a few of them up and see if they can tell me something about pairs that might be ranging 50/50 strength:so any spike out of a standard deviation would be considered a move on thin volume without actually having to read loaded distribution charts
grist for the mill
  • #187
  • Edited 6:09am Nov 26, 2020 5:40am | Edited 6:09am
Quoting JackJones
trend to pull back and looking like it might range for a bit so going to try,,exploit, this. the way i see it i only have about 2 months before it might pop again, including xmas so thats a bugger, thus, double or triple down at extremes 2-3x std should be OK {image}
Attached Image (click to enlarge)
Click to Enlarge Name: ef491b62808bbed0132af022dee53962.png Size: 91 KB
refining the range
Attached Image (click to enlarge)
Click to Enlarge Name: 2ddd18c1978cf98fd0ad7c405d722db2.png Size: 63 KB

aud/sgd going to plan so still buy/sell (ing) the middle - if it breaks then buy/selling the breakout and cover before it decides to swing a direction, hopefully though it has another week or two of this and figure it wants to swing low first
grist for the mill
  • #188
  • Nov 28, 2020 2:47am Nov 28, 2020 2:47am
Sorry, but for me your trading technique looks like a gambling. Here, you will always have 50-50% chance to win. Anyway, have you considered to implement SL at any time in the future, before you blow up your account?
  • #189
  • Nov 28, 2020 4:04am Nov 28, 2020 4:04am
Hi everybody and good morning from tuscany in italy.i have red the tread and dived into the concept develope here and it' s almost right..for my opinion..especially for what concern the retracement it s our friend..i found out in crucial point 's pdf that the market is maded from six dimension (emisphere nord)up/ up and retracement/ and flat (emisphere south) down/down and retracement/and flat.so..after say that we have to find out a recovery strategy for all of this market condition in case we are wrong with our first entry.till now i have discovered just one strategy that satisfy at list two of that but not one that satisfy all somultaniously..and it isin the lateral condition or with weak gamma)open another position in the opposite direction after some pips of the first one with the same size.one of the two position first or later will go in profit and capitalize.than wait for retracement and the profit it will be fro the difference between the position close before and the floated position that still open..but i repeat..this is good just for lateral markets or with not so mutch gamma.in trendy market it s enough just a simple recovery zone with adjustement of the multiplier of the size position...in the and i think that we have to think exactly as an alchemist try to transorm by several recovery entry one condition to a new other condition..this is my opininion..sorry for the long post
  • #190
  • Edited 6:12pm Nov 28, 2020 7:07am | Edited 6:12pm
Quoting dieguito80
d it isin the lateral condition or with weak gamma)open another position in the opposite direction after some pips of the first one with the same size.one of the two position first or later will go in profit and capitalize.than wait for retracement and the profit it will be fro the difference between the position close before and the floated position that still open..but i repeat..this is good just for lateral markets or with not so mutch gamma
yes gamma swings are a price in-balance, yet here i am only trading pairs that are balanced as in the auction price is being facilitated and therefore less likely to take a wild move - allowing us to see if it does, and we need the to double-down on the first swing guess and hold and (eventuallY) get out alive - of course you could play the opposite of this and bet on delta yet they want to call me the gambler? the knife catchers and magic number gurus i dont know
Attached Image
grist for the mill
  • #191
  • Nov 28, 2020 3:56pm Nov 28, 2020 3:56pm
So in the end the crucial point is : if the price goes against our original bet how we recover?which strategy do we use?neutral for lateral condition or we double the size of the trade in aspectetion of a big movement?the answer it s always the same..we don' t know!and than we are again at the beginning point.i guess the answer is as i said before try to be alchemist and transform one condition in another..how?i don t really know yet
  • #192
  • Nov 29, 2020 5:22pm Nov 29, 2020 5:22pm
Quoting JackJones
27 days into the 'US election experiment' and the account has hit a period of HIBERNATION; I have hibernated high risk accounts before with a grey-stop and waited up to ONE YEAR for it to come back in my favor,
only had to wait two and a bit weeks for hibernation to end... mean reversion paid off again , for some reason this site fails to show draw-down

Attached Image (click to enlarge)
Click to Enlarge Name: da5cbfb47356bc065a42202f905a7214.png Size: 54 KB

trade duration kind of shows it..
Attached Image (click to enlarge)
Click to Enlarge Name: 533c03ce3f74940f68619bf61a31afc0.png Size: 22 KB
grist for the mill
  • #193
  • Nov 29, 2020 5:26pm Nov 29, 2020 5:26pm
Quoting dieguito80
we don' t know!and than we are again at the beginning point.i guess the answer is as i said before try to be alchemist and transform one condition in another..how?i don t really know yet
can try look for ranges and trade/scalp the median at low leverage/lots and then wait for it to break out and then trade it how you like.
grist for the mill
  • #194
  • Nov 29, 2020 10:43pm Nov 29, 2020 10:43pm
Quoting Abe16
No-stop-loss = margin call/blown account. Prove me wrong JJ. Show some of your ongoing "no-stop-loss" trades.
One thing is doing crazy trading, another thing is think trade with no SL is the end of the world.

I think SL is overstimated must of the times. If u are in front of the pc or smartphone, if u open positions knowing what u are really doing, if u open positions in a very busy price zone or focus your profit area to a busy price zone, the profit will comes and its like that, period.

Someone above said: "the price move against u forever", well, like i said, if u know why u r open position, if u know a specific pair's price action and if u r noticed of what its happening in the world, " price getting against u forever" is pretty unlikely.

I think SL is for letting the position by itself while u r doing something else.

But i must say: im not agree with the guy who created the post, that's not a good way of doing trading.
  • #195
  • Nov 30, 2020 12:12am Nov 30, 2020 12:12am
For people who don’t use stop loss, how do you manage risk? My trades are incomplete without stop loss. Find it way too risky.
  • #196
  • Edited 7:23am Dec 1, 2020 6:38am | Edited 7:23am
Quoting tannapkin
For people who don’t use stop loss, how do you manage risk? My trades are incomplete without stop loss. Find it way too risky.
needing to understand market-risk, as in buyers V sellers (there are no bulls and bears!)

i have already given you the exhibit :
Attached Image (click to enlarge)
Click to Enlarge Name: 3765b37098e4ca0eaccde0b3040c4afc.png Size: 108 KB


this pair is not prone to sudden mood swings and has decent pull=backs ; it has just seen a long drawn out battle and a deadly end, hit reset and the story begins again ..thus risk ist mitigated, minus a nuke blast or something
grist for the mill
  • #197
  • Dec 2, 2020 12:56pm Dec 2, 2020 12:56pm
Quoting tannapkin
For people who don’t use stop loss, how do you manage risk? My trades are incomplete without stop loss. Find it way too risky.
have you ever heard about diversification ?

this is my way of managing risk !


another way ...in case you use leverage is to withdraw profits regularly. this should be considered "fun trading"...
  • #198
  • Dec 2, 2020 1:23pm Dec 2, 2020 1:23pm
Quoting HeyYou
{quote} have you ever heard about diversification ? this is my way of managing risk ! another way ...in case you use leverage is to withdraw profits regularly. this should be considered "fun trading"...

btw I diversify very little actually. still better than using leverage... that is not managing risk at all because you can blow your account.
  • #199
  • Edited 6:39am Dec 3, 2020 1:18am | Edited 6:39am
Quoting JackJones
it has just seen a long drawn out battle and a deadly end, hit reset and the story begins again ..thus risk ist mitigated, minus a nuke blast or something
this is what i would call risk: audsgd bustin a move here
Attached Image (click to enlarge)
Click to Enlarge Name: f09bc96927633c3a0e6e2778645fc35e.png Size: 26 KB

got away selling the top there but expecting it to shift north, either as a stop buster or as an actual move have to wait and see, so will buy the retest of the lows if i get caught on my new long, if it does drop on me I need to see how low we might be buying to as a worst case(500 pips against) ; ideally the whole long term move might be topping out/rolling over.. might close things down in 2 weeks
grist for the mill
  • #200
  • Dec 4, 2020 5:20am Dec 4, 2020 5:20am
There's a final more basic way to trade without stop losses. That is simply to hold a small reserve balance in your trading account. You then rely on your broker to tell you when your margin limit is approaching – that's assuming they do give you notice, not all do.
0 traders viewing now