see it we make 161 or not
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- #148,661
- Oct 2, 2009 1:35am Oct 2, 2009 1:35am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #148,663
- Oct 2, 2009 1:43am Oct 2, 2009 1:43am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #148,669
- Oct 2, 2009 2:03am Oct 2, 2009 2:03am
- Joined Apr 2009 | Status: Live and learn. | 25,165 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake
- #148,670
- Oct 2, 2009 2:07am Oct 2, 2009 2:07am
- Joined May 2009 | Status: Re-member | 6,497 Posts
how big is the position & how much are you willing risk in case of another downward extension? this NFP could really shake things up.
my opinion, if you are remotely close to break-even, i would close and enter after the announcement, perhaps even next week. no harm in that?
In my opinion no one really knows where this is going... So cutting a trade either in profit or loss (going against your backtesting) is a sure way to failure...
Interesting how people care about the position people are holding... Let me tell you I only risk 3% of my account (by the moment I have 3 methods to trade) so 1% risk on eurusd....
Good morning boyz and girlz
Can anyone tell me a source where I can monitor the results of the referendum in Ireland today? I think it might have a significant effect on this pair.
10x
Can anyone tell me a source where I can monitor the results of the referendum in Ireland today? I think it might have a significant effect on this pair.
10x
Riding the Dragon....
- #148,674
- Oct 2, 2009 2:14am Oct 2, 2009 2:14am
In my opinion no one really knows where this is going... So cutting a trade either in profit or loss (going against your backtesting) is a sure way to failure...
Interesting how people care about the position people are holding... Let me tell you I only risk 3% of my account (by the moment I have 3 methods to trade) so 1% risk on eurusd....
- #148,675
- Oct 2, 2009 2:17am Oct 2, 2009 2:17am
- Joined May 2009 | Status: Re-member | 6,497 Posts
enough said, if your rules say hold then hold. good on you for 3%. guess you were venting some frustration & 'tired(ness)' with the market not going anywhere
I would probably have done what you are saying if I knew how to exit, but I have no idea how to so I just backtest with fixed TP/SL easier that way... gave me a bit more than 20% this week on GBPUSD & EURJPY so working nicely... see set & forget post I have posted...
- #148,677
- Oct 2, 2009 2:21am Oct 2, 2009 2:21am
- | Commercial User | Joined Aug 2008 | 7,691 Posts
enough said, if your rules say hold then hold. good on you for 3%. guess you were venting some frustration & 'tired(ness)' with the market not going anywhere
yes.. proper money management is impt..
http://www.thegeekknows.com/2009/07/...grail-for.html
- #148,678
- Oct 2, 2009 2:34am Oct 2, 2009 2:34am
yes.. proper money management is impt..
i guess it is because charts and indicators are much more exciting and stimulating to look at than crunching numbers...for some.
nice examples in that link
it was not the best idea i think.
- #148,680
- Oct 2, 2009 2:36am Oct 2, 2009 2:36am
- | Commercial User | Joined Aug 2008 | 7,691 Posts
no question. It's interesting how often money management is the last thing to mention in articles/books/courses, almost as an "oh, by the way before we forget, you should try to manage your money..." appendix.
i guess it is because charts and indicators are much more exciting and stimulating to look at than crunching numbers...for some.
nice examples in that link