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EURUSD

  • #97,461
  • May 19, 2009 4:07am May 19, 2009 4:07am
Target 1 touched. I have started classic candle stop trailing from now. at the same time I'm watching chart for the Sell Trigger.

Bearish market will get started soon.
  • #97,462
  • May 19, 2009 4:10am May 19, 2009 4:10am
Quoting forexer83
yes but low risk low reward
10-20 percent in month is not a low reward for me. howmany times you can make your money double in a week???

but I can say you you can have a safe way to get poitns in this market if you do the correct risk. maximum 3 percent.

this is what big traders always say. they even say 1 percent!
  • #97,463
  • May 19, 2009 4:13am May 19, 2009 4:13am
Quoting forexer83
try to use "ONLY" pullback on the moving averages and gann fan!

hey.. do u mean.. if MAs are showing long,

only enter the trade from a pullback ( ie the price just went short ) to wait for the bus long?
  • #97,464
  • May 19, 2009 4:14am May 19, 2009 4:14am
One more important thing, the total amount of your risk in different positions must be under 6 percent of your account.

I have seen several guys who have several positions at the same time for example: eurusd, gbpusd, jpuusd...

if one of them get failed all will get failed. so dont have different position on similar exchanges! when you do this, there is no more risk managment on your account!
  • #97,465
  • May 19, 2009 4:14am May 19, 2009 4:14am
Quoting notch
Why?
1. if you risk only 2% of your account on a position, you can only lose 2% on that position. If you risk more you can lose more. You can't always be right, so there will be times when you will lose. Why not lose a little.
now you would say: yes, but low risk low reward. Partly true. But also keep in mind: low risk - longer lifespan of your trading account.
And why partly true ? Let's say you're in a trade, EURUSD for example. You bought at 1.3495, and you see it going up. You only risked 1% of your account on that trade. Are you feeling confident that the trend you are seeing will continue ? Great, open another position in the same direction when you feel it is ok.

2. Emotions
risking a small percentage of your account on a trade will not make you sweat. risking a large percentage will surely make you sweat. If you risk 20% on any given trade and it backfires and you end up loosing, you lost 20% in one day(assuming you are a day-trader). Losing 20% in one day is....OUCH !
Twitter: @forexpokerpro
  • #97,466
  • May 19, 2009 4:14am May 19, 2009 4:14am
I think FF need to buy a decent firewall.
  • #97,467
  • May 19, 2009 4:17am May 19, 2009 4:17am
Quoting behzadov
10-20 percent in month is not a low reward for me. howmany times you can make your money double in a week???

but I can say you you can have a safe way to get poitns in this market if you do the correct risk. maximum 3 percent.

this is what big traders always say. they even say 1 percent!
I agree most big traders never risk more than 1-2% PER TRADE, but most big traders also have the challenge of trading SIZE.
  • #97,468
  • May 19, 2009 4:18am May 19, 2009 4:18am
Quoting trading801
hey.. do u mean.. if MAs are showing long,

only enter the trade from a pullback ( ie the price just went short ) to wait for the bus long?
exactly...but also using the gann angle,i mean,pullback on the angle and on the MA.
  • #97,469
  • May 19, 2009 4:18am May 19, 2009 4:18am
becarefull! change of market direction is very possible. get ready for sell if you see a suitable trigger
  • #97,470
  • May 19, 2009 4:19am May 19, 2009 4:19am
Quoting notch
I agree most big traders never risk more than 1-2% PER TRADE, but most big traders also have the challenge of trading SIZE.
my real acount is 10,000 and i get near 3000 per month from it in a safe mode. this is enough for me.
  • #97,471
  • May 19, 2009 4:21am May 19, 2009 4:21am
Quoting behzadov
becarefull! change of market direction is very possible. get ready for sell if you see a suitable trigger

wait a minute, i think i might see a trigger.
Attached Image
"i wake up in the morning, and i piss excellence"
  • #97,472
  • May 19, 2009 4:22am May 19, 2009 4:22am
BB,
Again I agree but there are many way to determine position sizing which I'm sure you're aware (from 'optimal F' to calculating position size based on system performance...%winners, drawdowm, win/loss ration, maximum length in market).

Now I don't tend to risk more than 2% of my account but at the same time I recognise that this type of money management may not be the panacea to potential risk of ruin.


Quoting BBPI_fxtrader
1. if you risk only 2% of your account on a position, you can only lose 2% on that position. If you risk more you can lose more. You can't always be right, so there will be times when you will lose. Why not lose a little.
now you would say: yes, but low risk low reward. Partly true. But also keep in mind: low risk - longer lifespan of your trading account.
And why partly true ? Let's say you're in a trade, EURUSD for example. You bought at 1.3495, and you see it going up. You only risked 1% of your account on that trade. Are you feeling confident...
  • #97,473
  • May 19, 2009 4:22am May 19, 2009 4:22am
Quoting behzadov
becarefull! change of market direction is very possible. get ready for sell if you see a suitable trigger
why do you think a change of market direction is very possible ?
Twitter: @forexpokerpro
  • #97,474
  • May 19, 2009 4:24am May 19, 2009 4:24am
Quoting behzadov
10-20 percent in month is not a low reward for me. howmany times you can make your money double in a week???

but I can say you you can have a safe way to get poitns in this market if you do the correct risk. maximum 3 percent.

this is what big traders always say. they even say 1 percent!
The italian champion of trader in forex has done 500% in 40 days...now this performance is incredible ok,but not impossible.
You have reason but my trades are 20-30 pips of tp and i do generally max 3 trades a day...so for example yesterday i've done +30,+30,-10...totally 50 pips with 1 lot,for that i've to load my entry with a big percent of my account,generally 10-15% and sometimes also with 3-4 lots.
When my account will be of 150-200000$ i'll use 10 and 30 lots a time.
  • #97,475
  • May 19, 2009 4:29am May 19, 2009 4:29am
SELL @ .3630
  • #97,476
  • May 19, 2009 4:30am May 19, 2009 4:30am
Quoting behzadov
my real acount is 10,000 and i get near 3000 per month from it in a safe mode. this is enough for me.
may i ask, do u work full time or part time? coz im working and trying to trade also and can only give maybe 6-8hours to my trades. what should be my ROI monthly? ures is 30%, can mine be 20%?

thanks for the help.
Dannies
  • #97,477
  • May 19, 2009 4:32am May 19, 2009 4:32am
Quoting Wlfx
SELL @ .3630
...done
  • #97,478
  • May 19, 2009 4:38am May 19, 2009 4:38am
http://tbn2.google.com/images?q=tbn:...%2520Photo.jpg

....Here's another "Trigger".......http://www.forexfactory.com/images/icons/icon10.gif

mm2
He who hesitates is hesitant....which always leads to bad entries.
  • #97,479
  • May 19, 2009 4:39am May 19, 2009 4:39am
Quoting BBPI_fxtrader
why do you think a change of market direction is very possible ?
We are in terget closter in gpy and eurjpy and in eur on the very important resistance as I mentioned before this morning.
  • #97,480
  • May 19, 2009 4:40am May 19, 2009 4:40am
Quoting forexer83
...done
what is your TP?
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