well demand is really low and its been marubozu red candles since, lots of bearish momentum, so i dont see a reason why not to sell till demand.
forget my other post that is when you are really late
eh... judging from your lotsize (0.3) 69 is 23 pips for the day... well not bad anyway... somedays i would pray for 23 pips
everything adds up my friend... and yet... from my point of view what happened to you might be considered "good" considering that once, with a single trade on the news, i flushed away a complete week gain in about 30 second... with a huge gap between my entry and SL...
If all in all it paied for u, then go on with it, but to me it didn't work out.. i prefer to fully control my trades
Actually I did, but... I enter short at the morning at 1,5783 and exit at 1,5718 but... I trade news as well , so I have program which automaticly enter trade if there is deviation on the news... so I went with 0,5 lot... so all earn was gone... no just grab 10 pips from scalp... so total for today is $69 which is ridiculous
everyone has preferences they say right? as long as i am safe, i am safe. Black swan effect and gaps are where we DIE as fx traders, if we do not have an inside info or info at all.
im still in tthe search of being safe or at least risk from a black swan. aka use the lot allotted to your account size. if i have $1000, i would obviously use 0.01. $2000 meas 0.02 and so on.
i deleted my post and made it right...
uuh... its in... white?
i do not use stop loss. i have figured out how it hinders me, and slows me down. i have learnt great info from a great mentor and friend redlion about them.
I could lose 100 pips (god forbid) and only suffer a 0.05% loss to current equity. I know its much controversy, but here is what i believe
if things start going against you and you can really feel it, time to carefully rescue your losing trade.
lets not argue and make this thread bad by arguing about stop losses.
i think the only way someone can use no stop loss is if mm is used and u trade using swings points in mind..however if u trade wanting a big return u have to use stop loss otherwise it will lead to account blow
this is what i have found anyways..also found that using a stop and trading is not the same having no stop mentally is very different and psychology can be impared big time
demand on the weekly high doiji ladies..lets see what the mofo gonna do now
hmm... its not that i dont want my stop loss hit.. but emm...
wanting is one of those scorpions you DO NOT want to carry on your bank, because market doesnt care for what you want, it wants what it wants. so its not buying or selling, its being on the right side of market's wants. well you have a big point mr. navin
i have set my stop loss at a level in which breached would mean a change in tides. it is wide, and also i do not believe in risk reward ratios. if i win i win if i lose i lose. therefore it is 1:1. right or wrong. many...
trading has no rules..but we need rules to protect ourselves..one day god forbid, u might enter a trade and find yourself in a drawdown and its so big u cant cut it..and u leave it cause u hope it will comeback
humans depend on hope in time of crisis, so the behaviour is normal..market has no feeling so this is something which is there to prevent u from auto destruction.
from a maths point of view using Risk Reward can make trading easier..very few can make good decisions 90% of the time..most are in a region where there right mostly 45% of the...
i saw on your signature what happened. looks liek an awesome rescue. was it in net profit though? i think that enough is enough minimization of risk. i mean without an amount of risk there is no reward. unless ure some mystical dude who can trade with only max drawdown from spread... that is nuts lol corn haha... yeah true. humanity is the flaw in trading. we make it so difficult. not forex
i forget it might take more than 16 month for the mofo to move lack of time..and effort..i had a bright idea of trading of a 16 month chart..big mistake
16 month chart...
cool...
i think thats harder than trading the tick haha
(get it!! the tune) piece of cake
If I were you I'd look at the bigger picture here
