Comments on, On Your Mark... Ready... ...GO

Original Post Reads as Follows.
No Intent to Duplicate Posts.

OK. So I'm Starting where you Guys Did. Newb Status... AND I'm a little confused.

Q: I want to make some money; Where do I start?
A: Trade in Dailies Minimum. This is not news but seems to be hard to convey.

Q: I've been able to grow my funds through Trading Dailies; Now What?
A: Split your reserve and move toward catching some "Scalped Dailies." In other words; Improve your Entries & Exits.

Q: How would I do that?
A: Study the PA (Price Action aka movement in recent quotes) {yep, I agree that there is Nothing more current than what is happening right @ this moment in Time BUT} recent PA should show non calculated {ie. visual} S&R.AND, SUSEQUENTLY, you should be able to discerne, at what price YOU are willing to Sell/Buy.
Place your Limit Orders Including Stops & TP & head for the Beach.

Your Trade is In. Right or Wrong.
The ONLY thing left to do is ensure that, IF You Are Wrong, It will Cost You Less than how much you will Earn If You Are Right.

MY 30:8 Rule:
Never Expose More than 30% of the account to Margin.
Never Expose More than 8% OF the 30% to ANY particular vehicle (Or Correlation thereof) {that's 2.4% of account for those that were thinking of doing the Math & I've used it for > 10 Years.}

All Comments pertaining to Blanket Style Trading Rules would be More than Welcome.

as opposed to gbpusd@ 3.0000 Just kiddin'

Hello Bemac,

I always like your posts.

I have heard this from plenty of solid traders before, and I myself have applied it (example) though could I pick your brain for a short moment? During a solid trend, I am speaking of something such as EUR/JPY, GOLD LONG trend, USD/SGD SHORT trend or any other trend that has been raked over the coals for the time being. Would it be a fair statement to say you will not be adversly harmed by weighing the cost of winning and losing the same? Regarding the hit or gain to the account.

Let me provide insight to my thinking (and real account application). After struggling to trade a trend with decent win % and return just 5 or 6 months back (1.5 years trading FX now), I had to analyze why I would "know it was going there", yet still couldn't manage to grab what had been offered. I realized that I was handicapping myself. I was trading USD/SGD with (example) .75% SL and 2.25% TP. Well, if U/S goes up on a whip and I don't manage to get that order back in ... then it falls down without me (highlighted to be questioned below). I began placing trades with equal R:R. When I did this, I realized that I put my analysis (both technical and fundamental) to use as the trend began to take over and the % LONG:SHORT was now key, not my TP:SL.

Well, as it is, this was only put to solid application for a couple months. Thus this is posed as a question rather than a statement. I have largely ceased trading with these figures for nearly 3 weeks, as the trend has all but baffled and confused me. Although, when a clear trend, be it a bear or a bull appears, I do plan to use this same approach. Is it fair to use the price movement ratio to your benefit rather than creating a new ratio of TP:SL?

*BOLD: I highlighted a possible problem to using better R:R. Perhaps it is just my system that is poor? Maybe with a better approach the better R:R would pay off far bigger in the long run?

*Underline: Ultimate reason for my post

Excellent post