DislikedBut I still think you can make it work if you want it badly enough. Didn't Ryan live dirt cheap for a while until he started to hit good returns?
DislikedWell mate I was looking at it from a weekly perspective ...so anything lower then that is a different video game lol...I take trades in the same pair in different directions with different stops and targets but they each have their set mind and risk to reward...and from the 1 hour chart if 8000 pops I will indeed wait for the retest to go long...but if price action holds at 8000 again with clear price action I will short it instead and ride it down to hit more sell stop below the 7900 hundred area and then see if we are simply getting stops to then...Ignored
DislikedHi, the bar you marked was not with the trend, I wouldn't take that, that's a CT trade, the ones you do on here. This proves my point about risk. Hope that helps.Ignored
The amount risked and the profit target do not tell the whole story.
The extra figure that helps add everything together is the win rate.
When win rate and RR are combined you get a true picture of your trading. If James16's win rate is around 95% (and it is) he doesn't have to worry about RR.
Now if your win rate is 50% then your RR has to be 1:1 to break even.
It comes back to comfort zone. And this is where the large account makes a difference. Let me try and explain with a couple of scenarios:
Let's say I have two ways...Ignored
DislikedWe are all in trading for different reasons and sometimes I forget that. My reasons will probably change too as I become more profitable.
But I still think you can make it work if you want it badly enough. Didn't Ryan live dirt cheap for a while until he started to hit good returns? Thought I read that somewhere...
The Think I Like To Ask You Or Anyone Else Is That Why Is There Sometimes A Huge Difference Between Different Brokers ? I Know The Reason, But Is This Normal ? Because You May See A Pattern Or A PA That Many People Don't See It. It's More Common On Cross Currencies. So We Should Deal With It Or Is There A Solution ? I Should Add That I Analyze With 4 Different Meta Brokers, And I Use Another Broker For My Live Trade. So 5 Brokers ... That May Filter Some False Moves By Some Brokers. Any Idea ?
DislikedYou're quite right in your entire post Josh but on this one point, there's now a hitch in the gitty up (for us)...LOL
My wife and I were seriously considering selling our modest house and downgrading to something smaller and less expensive. Like a very small box as the one we have now isn't that big...LOL Unlike so many others, we didn't buy a house beyond our means or at some ridiculously bloated price. So even in this market we could probably come out a little ahead by selling it.
However, with this CRAP & trade bill, one of the 280 last...Ignored
DislikedDidn't Ryan live dirt cheap for a while until he started to hit good returns?
Disliked... democracy ??? ... This is dictatorship thread !!! ... go search an Iran thread if you want democracy !!!!!
(can't remember this film where I heard it )Ignored
Disliked(Again, the following post was sparked by Josh, but not directed at him. He knows all this, it just got me thinking... )
Ryan lived in his car for a little while I think.
I am pretty sure he didn't have a wife and kids in there with him though.
It's great to dream big. Even if you have a small account yo van make magic with steady monthly returns, small additions to your account and above all else compounding.
For example, if you start with a $5000 dollar account, and can add $100 a month to it. And if you're making 4% a month and...Ignored
DislikedI'm From Iran, You Bet Here Is Absolout Democracy !! 2 Of My Friends Killed By The Goverment, And 7 Was Captured (I Don't Know Where Are 2 Of Them, There Is No News About Them) And The 3 Of The Others That I Heard About Them Are Hit To Death And They Are In Jail. And I Know Many That Been Hit In Those Days In Streets, Just Calling For Democracy ... Nice Goverment, Ha ?!) But We Have Nice People That Keeps Us Alive In Here
It sounds as if you are burdening yourself with over analysis...of course this is coming from someone who prefers simplicity! That is my bias; but really the difference in candle patterns is normal and inevitable.. try to focus on the patterns shown and not on comparing them with your own. They will show up on your particular chart sooner or later. I would be more interested in how people deal with their particular situation than trying to match what they did. It seems that some of more popular MT4 platforms... FXPro(gmt+3) and...Ignored