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  • #548,141
  • Oct 8, 2011 3:48am Oct 8, 2011 3:48am
Quoting fontu
Sorry hear that man . Loosing again & again & then why deposite again ? practice demo before any real money at risk . Simply try make the strategy in winnings only 10 pips per day & stop for the day. risk only 10 max. for the winning 10, no lust for more than 10, if need 1-3 trade scalping ok but once hit target stop . 10 pips here used as a symbol of low profile , not neccessarily mean it but yet as low target as good practice for the habbit forming.
continue for a month's practice to take it in live account if success 80% of days & at the same...
how are you Dear ??
I'm Ahmad .. from UAE you know me before .. I miss talking with you
  • #548,142
  • Oct 8, 2011 6:32am Oct 8, 2011 6:32am
Quoting clc4x
EUR/USD – Bias (W1): Bearish + Uncertain; Bias (D1): Bearish + Rebound; Bias (Overall): Bearish + Rebound
Its a weekly pinbar at a longterm resistance level. Sunday and monday should be interesting.
WARNING: Don't follow me as I'm just learning
  • #548,143
  • Oct 8, 2011 6:50am Oct 8, 2011 6:50am
Quoting mercy seat
Ahh ... ok ok ...

Warum nicht gleich von Anfang an korrekt ?
Easy my friends,read all my post carefully before reply (Kidding)sometimes am to excited with the trade so type wrong number on the forum
I'm simply trade based on chart pattern,so am looking forward minimum 131 next week,I might be wrong as anything can be happening in forex market,but am trade what am see only and always let my profits run until am see the Daily trend changing

Thanks & Have a nice weekend
If there was easy money lying around,no one would be forcing it into your
  • #548,144
  • Oct 8, 2011 6:50am Oct 8, 2011 6:50am
Quoting fontu
Sorry hear that man . Loosing again & again & then why deposite again ? practice demo before any real money at risk . Simply try make the strategy in winnings only 10 pips per day & stop for the day. risk only 10 max. for the winning 10, no lust for more than 10, if need 1-3 trade scalping ok but once hit target stop . 10 pips here used as a symbol of low profile , not neccessarily mean it but yet as low target as good practice for the habbit forming.
continue for a month's practice to take it in live account if success 80% of days & at the same...
on demo try to use sum of money that's available for your future trade.. dont use 1 millions demo acc but when on live u use 1k.. it's huge different that will not work for ur live acc.. a bit addition to what was fontu suggesting.. and im feeling bad to hear about ur losses.. wish u green pips in future mate..
  • #548,145
  • Oct 8, 2011 7:23am Oct 8, 2011 7:23am
Quoting al5al majd
ok ...i closed all orders .... now I have about 2000 $ I invested about 7000 & several times .. from 2008 ... for now I lose and deposit lose deposit again ... never win ... i try hard to study and read about market .. indicators but still same as me .. no differences .. this time i win 800& in one week ... and i lost 1600 in last two days ... i hate losing the money .. i cannot control myself all i need a strategy to work with and little knowledge from some one here .. i read too much no benefits i see ...
Thank all
I really feel bad after reading your post. I am trading since 2009 and still a noob but I can take profit out of the market. What I am going to tell you, you might not like it because you are senior in terms of experience.

I never followed others and was guided by my mistakes. I did not read much either. Only what was necessary. My technical analysis is not very accurate but price of a pair I analyze meets my expectations. Hence profit comes to my pocket.

Previously I said i do not follow anyone. That means i am not using anyone's strategy either. Honestly at beginning I tried to follow others and tried their strategies as well but it did not satisfy me. I also thought I am suitable for scalping but profits from scalping does not satisfy me. So I tried to develop my own. In the development process few strategies failed. The one before my current method was a good one but failed due to emotional barriers. So i trained myself again. And used my current strategy and i am having a good time for past 6 months. Even if i am having profit, I don't have a proper exit strategy (LoL) but I end up in profit every month.

One strategy contains many things which are not described in this process of showing others and only the creator of that strategy can take full advantage of it. I believe this is where you are getting stuck and suffer losses.

I just want to suggest you that,

1. Take advices from others & use them in your own way. (don't ask them to tell you how to use their advices)
2. Look in to other people's strategies/indicators/analysis but
3. DO NOT FOLLOW THEM

Go on your own & create something which supports your analysis & brings you enough to satisfy yourself.

Finally, I might have said something which some traders might take offensive. I am saying sorry in advance. I was in his position once so I said what I felt.
  • #548,146
  • Oct 8, 2011 7:50am Oct 8, 2011 7:50am
Quoting al5al majd
ok ...i closed all orders .... now I have about 2000 $ I invested about 7000 & several times .. from 2008 ... for now I lose and deposit lose deposit again ... never win ... i try hard to study and read about market .. indicators but still same as me .. no differences .. this time i win 800& in one week ... and i lost 1600 in last two days ... i hate losing the money .. i cannot control myself all i need a strategy to work with and little knowledge from some one here .. i read too much no benefits i see ...
Thank all
I teach you the most simple and fair way..

Find a Reasonable system that give you a winning rates 70%,Dont seek a holy grail or whatever
Try demo account with $100 balance and the rules is you only can risk 1-2% per trade,I give you 12 month to double it which its $200

Treat Trading as your own real business and there are many factors you need to apply,treat your loss as the bills that you need to pay for your business,and treat the winning as the Job you got from your customers,how to get the Job?Simply,You need to work hard,you need to find a good and competitive products price,you need to presentation,maintaince and other In order to survive In the market and compete with other

If you can't do it then simply forget about trading,How can you achieve a Million if you even cant achieve $100 at Trading?

In Business World even you get tons of Job but if you cant managed the MM well then sooner or later you will be killed also,Think carefully about that

Have a nice weekend
If there was easy money lying around,no one would be forcing it into your
  • #548,147
  • Oct 8, 2011 8:01am Oct 8, 2011 8:01am
Quoting rokokdaun
on demo try to use sum of money that's available for your future trade.. dont use 1 millions demo acc but when on live u use 1k.. it's huge different that will not work for ur live acc.. a bit addition to what was fontu suggesting.. and im feeling bad to hear about ur losses.. wish u green pips in future mate..
thanks for ur support i see have ability to be one of forex master .. this what make me still investing ..
  • #548,148
  • Oct 8, 2011 8:02am Oct 8, 2011 8:02am
i like the way FXmindset layout the probs into business .. bravo mate.. it's truly sightful ... uh. IMHO maybe he's trading with non-fixed lot size.. that's why in a week 800 gain, but in 2 days 1600 lost .. it happen to me last time.. and i try not to make the same mistake again.. now with plan in head, min 0.1 .. and max 0.1 .. 1 pip for 1 usd..
  • #548,149
  • Oct 8, 2011 8:04am Oct 8, 2011 8:04am
Quoting FXMindset
I teach you the most simple and fair way..

Find a Reasonable system that give you a winning rates 70%,Dont seek a holy grail or whatever
Try demo account with $100 balance and the rules is you only can risk 1-2% per trade,I give you 12 month to double it which its $200

Treat Trading as your own real business and there are many factors you need to apply,treat your loss as the bills that you need to pay for your business,and treat the winning as the Job you got from your customers,how to get the Job?Simply,You need to work hard,you need to...
so true, so sticky.

thumbs up to the air.
Hero calls followed by margin calls...
  • #548,150
  • Oct 8, 2011 8:05am Oct 8, 2011 8:05am
Quoting KiwiTrada
Way too much information, bro, crop your account details, is no need to post to the world

Advice "use stoploss"
All trades were in profit at some stage, BE = no loss
Obvious emotional trades, dont hedge unless you know exactly what you doing,

I could almost give a blow by blow of what you did, is recipe for disarster
my broker give four digits fraction and other thing they play in spread too much some time EU reaches to 10 pips others some time to 20 pips .. i hate that
  • #548,151
  • Oct 8, 2011 8:19am Oct 8, 2011 8:19am
Quoting al5al majd
ok ...i closed all orders .... now I have about 2000 $ I invested about 7000 & several times .. from 2008 ... for now I lose and deposit lose deposit again ... never win ... i try hard to study and read about market .. indicators but still same as me .. no differences .. this time i win 800& in one week ... and i lost 1600 in last two days ... i hate losing the money .. i cannot control myself all i need a strategy to work with and little knowledge from some one here .. i read too much no benefits i see ...
Thank all
Thanks for sharing your experience, it is useful here because it illustrates what most of us have experienced at some point, but hopefully with demo accounts.

From your screenshot it is perfeclty obvious why you are losing money as Kiwitrada pointed out:
- emotional entries (imply lack of strategy or discipline)
- no stoploss, (implies lack of moneymanagement, position sizing)

Trading is unforgiving, and desaster will strike at your weak point, regardless of your qualities. It does not help if 90% of your trades are profitable if the few losing trades set you back by half of your account size. Find your weak spots and contain the risks (you won't be able to elminiate risks altogether)

It seems you can afford to lose money otherwise you would have taken necessary steps to avoid further loss earlier, such as being profitable on a demo account for a while before putting your money at stake.

All the best, hope you manage to recondition yourself!


For everyone who doesn't know yet babypips/school/ is an excellent online ressource for training
  • #548,152
  • Oct 8, 2011 8:48am Oct 8, 2011 8:48am
Quoting rokokdaun
i like the way FXmindset layout the probs into business .. bravo mate.. it's truly sightful ... uh. IMHO maybe he's trading with non-fixed lot size.. that's why in a week 800 gain, but in 2 days 1600 lost .. it happen to me last time.. and i try not to make the same mistake again.. now with plan in head, min 0.1 .. and max 0.1 .. 1 pip for 1 usd..
Sometimes, you have to make the mistake and feel the pain in order to learn the lesson. For instance, in my early days,I held onto and averaged into losing trades,I got away with it for a while, but the reality that what you are doing is incorrect never really hits home until you feel some pain. That is when you decide, “I will never make that mistake again"
If there was easy money lying around,no one would be forcing it into your
  • #548,153
  • Oct 8, 2011 8:50am Oct 8, 2011 8:50am
Quoting PhAnTi'
so true, so sticky.

thumbs up to the air.
I'm Still learning also bro


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #548,154
  • Oct 8, 2011 9:00am Oct 8, 2011 9:00am
Quoting FXMindset
Sometimes, you have to make the mistake and feel the pain in order to learn the lesson. For instance, in my early days,I held onto and averaged into losing trades,I got away with it for a while, but the reality that what you are doing is incorrect never really hits home until you feel some pain. That is when you decide, “I will never make that mistake again
I suggest you read this twice. First time you mightn't care much and post a reply about thanks. Second time, try to fully comprehend this good friends advice. I have experienced it, the big crash before the big rising. When you fall down off the horse, ride it again a different way, one in which you would fall less than before. Then eventually, you'll be riding the horse without falling anymore.

Good luck to you, and listen to Mindset here. He has some great advice.
Have I got something on my face, SOLDIER?
  • #548,155
  • Oct 8, 2011 9:29am Oct 8, 2011 9:29am
Quoting mpurdy1973
i trade with only 500 dollar and i just shorted 1 full lot; however i had a 30 pip stop; i gain 75 pips today; i know that is a large % risk; however, without a short stop i would be "bankrupted". if you want to have 100-300 pip stops you need to use 2% risk per trade and scale in as it move in your favor; or double up it it slides 100 or 200 pips.

i would open another account with 500 dollar and then trade .01 lots (1k). that way you can have larger stops and not lose everything. if you want to do 10k lots, only scalp and after you...
You have no idea, risk losing 60% of your account on a sudden move, guess that is not bankruptcy, but certainly not my idea of great money management either!

And you are giving out advice, yeah, sure you are qualified to do that
Attached Image (click to enlarge)
Click to Enlarge Name: 60_risk.jpg Size: 78 KB
It takes a lot for me to IGNORE you, but you can try.
  • #548,156
  • Oct 8, 2011 9:33am Oct 8, 2011 9:33am
Quoting al5al majd
how are you Dear ??
I'm Ahmad .. from UAE you know me before .. I miss talking with you
Yeah I remember now . Fine myself & wish all good to you .

I see there are many good suggestions here & people still there to help . Hope it helps .best wishes .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #548,157
  • Oct 8, 2011 9:35am Oct 8, 2011 9:35am
Quoting skerdi-meta
you are in the money in 2 trades which should make about -70,, how come they add up and make -355??? That´s wierd... what broker do you trade with??? Call them up and ask them...
If you right click on the column heading "Profit" you can select either - Profit as pips or Profit as base currency, but the bottom total always remains a the currency amount, usually $$$

I believe he is showing "Profit as pips"
It takes a lot for me to IGNORE you, but you can try.
  • #548,158
  • Oct 8, 2011 9:51am Oct 8, 2011 9:51am
Quoting FXMindset
I'm Still learning also bro


Thanks
Hero calls followed by margin calls...
  • #548,159
  • Oct 8, 2011 9:54am Oct 8, 2011 9:54am
Quoting bumapatria
I suggest you read this twice. First time you mightn't care much and post a reply about thanks. Second time, try to fully comprehend this good friends advice. I have experienced it, the big crash before the big rising. When you fall down off the horse, ride it again a different way, one in which you would fall less than before. Then eventually, you'll be riding the horse without falling anymore.

Good luck to you, and listen to Mindset here. He has some great advice.
I love your avatar mate
If there was easy money lying around,no one would be forcing it into your
  • #548,160
  • Oct 8, 2011 9:57am Oct 8, 2011 9:57am
Quoting 2046
Thanks for sharing your experience, it is useful here because it illustrates what most of us have experienced at some point, but hopefully with demo accounts.

From your screenshot it is perfeclty obvious why you are losing money as Kiwitrada pointed out:
- emotional entries (imply lack of strategy or discipline)
- no stoploss, (implies lack of moneymanagement, position sizing)

Trading is unforgiving, and desaster will strike at your weak point, regardless of your qualities. It does not help if 90% of your trades are profitable if the few losing...

Thank you
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