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  • #615,581
  • Mar 26, 2012 11:39am Mar 26, 2012 11:39am
Quoting turmaz
i will give you one that is what so ever in any case never use leverage more then 1:4 and google "position sizing" and learn how to position the size of ur trade regarding ur risk reward
Thx, i am allways in margin call
  • #615,582
  • Mar 26, 2012 11:39am Mar 26, 2012 11:39am
Quoting turmaz
i will give you one that is what so ever in any case never use leverage more then 1:4 and google "position sizing" and learn how to position the size of ur trade regarding ur risk reward
Leverage isn't dependent on a fixed-number it is dependent on your Riskmanagement. Over all you shouldn't risk more then 2% of your Account.
Also you have to get a good Risk-Reward ratio, this is the most important thing. Then you measure how much is the maximum loss you can suffer from your RR in Pips and then you should set your leverage (position size) according to the 2%.

Also there is no fixed "best RR-Ratio". Sometimes my SL ist 20 Pips, sometimes a lot more of course. It is important not to set the Stop Loss according to how much you are ready to loose, you have to set the SL to a position where you can be sure that your descision was wrong. Beacuse of that an optimal entry-point is also really important. The worse the entry-point, the worse the RR-ratio is.
Warning: Greenhorn Don't get greedy and stick to your strategy
  • #615,583
  • Mar 26, 2012 11:40am Mar 26, 2012 11:40am
Quoting kibescorp
You can't "see" what is going to happen by looking at a chart.

Price movement is determined solely by market sentiment, which is rarely driven by technical OR fundamental factors.

At least not what would be considered "logical" by the masses.
Your all comments are so true Kibescorp, glad I read them.
What is your target in eurusd and audusd ?
  • #615,584
  • Mar 26, 2012 11:45am Mar 26, 2012 11:45am
Quoting hlina9
Sorry for my bad english, i have a problem to manage my money, so i would like to ask you if there is some good literature for money managemennt. Thx
I havn't read these but they were recommended on another thread.

Hope they are useful.

http://www.earnforex.com/forex-e-boo...ey-management/
  • #615,585
  • Mar 26, 2012 11:45am Mar 26, 2012 11:45am
Still Short for me
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  • #615,586
  • Mar 26, 2012 11:46am Mar 26, 2012 11:46am
Quoting aarontdang
I shorted @ 1.3331 ... let's see SL 1.335

Small position to play with when i'm bored
I believe it will hit R2 .3354
Too crazy to be serious. Gotta hit it, gotta hit it! lol
  • #615,587
  • Mar 26, 2012 11:47am Mar 26, 2012 11:47am
Quoting gsbotes
http://whumble.com
Check on C-Span , CNN or Euro News
very nice web
More on my Blog...
  • #615,588
  • Mar 26, 2012 11:49am Mar 26, 2012 11:49am
Quoting hlina9
Thx, i am allways in margin call
bad trader


for example if u have 10,000 account never trade more then 4 mini lots
and if 5000 account then not more then 2 mini lots and so on
and in every trade calculate risk and reward never trade less then 1:1 risk reward. 1:2 is good too and write a reason why u entered the trade the technical reason only not related to news or rumors ur trade must enterd and exited on technical grounds
and all these reason must be written on copy hard copy mean on paper not on computer so on every weekend u open ur copy or book and see what is wrong with ur trading and what is not

ur fisrt lesson as a new trader is just stop using leverage 1:1 is good for you until and unless u feel confident with ur trading just straight away quit using leverage by this u will play longer and play another day then another day and u will keep on playing this is the theme of this game just keep on playing!
  • #615,589
  • Mar 26, 2012 11:51am Mar 26, 2012 11:51am
Quoting TraderBoyFF
I don't know any good literature for money management.
Just google it, there are many articles about it
New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,590
  • Mar 26, 2012 11:54am Mar 26, 2012 11:54am
Quoting hlina9
Thx, i am allways in margin call
Also, you have to know yourself and develop your own "style."

No matter what kind of technicals/fundamentals you try to use, if the style you're using doesn't fit your personality, it's going to be very hard for you to follow.

If your "style" fits your personality, then there's a better chance you'll be disciplined enough to follow through with your strategy.
Learn to see what's there, not what you want to see.
  • #615,591
  • Mar 26, 2012 11:54am Mar 26, 2012 11:54am
Quoting TraderBoyFF
But yeah, since you have at least 1 vouch, your forecasts seem a bit more credible

New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,592
  • Mar 26, 2012 11:54am Mar 26, 2012 11:54am
Quoting KillerWhale
Just google it, there are many articles about it
LOL true, that was a response to hlina though. But yeah, i should've said that to him/her.
Learn to see what's there, not what you want to see.
  • #615,593
  • Mar 26, 2012 11:55am Mar 26, 2012 11:55am
Quoting Dave Gareth
Heard from a broker that retail traders were massively short eurusd this morning. I guess Bernanke knew all that.
Lol
  • #615,594
  • Mar 26, 2012 11:56am Mar 26, 2012 11:56am
Quoting mv6
very nice web
thanks , makes things easier
  • #615,595
  • Mar 26, 2012 11:56am Mar 26, 2012 11:56am
Quoting DaChief
Leverage isn't dependent on a fixed-number it is dependent on your Riskmanagement. Over all you shouldn't risk more then 2% of your Account.
Also you have to get a good Risk-Reward ratio, this is the most important thing. Then you measure how much is the maximum loss you can suffer from your RR in Pips and then you should set your leverage (position size) according to the 2%.

Also there is no fixed "best RR-Ratio". Sometimes my SL ist 20 Pips, sometimes a lot more of course. It is important not to set the Stop Loss according to how much you...
to me risk reward i count on is not on 1% or 2% when ever i find opportunity i entered the trade with 1:1 and then on every pull back i enter 1:1 and raising my SL to break even then the stop loss turns in stop profit

have u ppl ever head of "stop profit"

lol$$$$
  • #615,596
  • Mar 26, 2012 11:58am Mar 26, 2012 11:58am
look at A/J it looks like going south.
notice TDI cross and red candle
I am a rookie so what I say is worthless.
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In trading, you have to be defensive and aggressive at the same time
  • #615,597
  • Mar 26, 2012 11:59am Mar 26, 2012 11:59am
Quoting turmaz
to me risk reward i count on is not on 1% or 2% when ever i find opportunity i entered the trade with 1:1 and then on every pull back i enter 1:1 and raising my SL to break even then the stop loss turns in stop profit

have u ppl ever head of "stop profit"

lol$$$$
lol , you think we that .....?
  • #615,598
  • Mar 26, 2012 12:03pm Mar 26, 2012 12:03pm
Bullish pennat tf15 something to watch to see if pattern come to fruition.
  • #615,599
  • Mar 26, 2012 12:07pm Mar 26, 2012 12:07pm
Quoting turmaz
to me risk reward i count on is not on 1% or 2% when ever i find opportunity i entered the trade with 1:1 and then on every pull back i enter 1:1 and raising my SL to break even then the stop loss turns in stop profit

have u ppl ever head of "stop profit"

lol$$$$
I either don't count the Risk-Reward ratio in %, no one does.
I try to not risk more then 2% of my whole account balance, so if I have
100 000$ in my account I won't risk more then 2000$. I also try to get a RR-ratio of 1:3 which is 6000$ with a risk of 2000$ of course it is not that easy to get such a RR

Now it depends on your Strategy what your lot-size (and leverage) will be. The important thing is, if your SL gets hit, you should not loose more 2000$

And of course you should bring your S/L up so you can't loose money. No money is better then loosing money...
Warning: Greenhorn Don't get greedy and stick to your strategy
  • #615,600
  • Mar 26, 2012 12:09pm Mar 26, 2012 12:09pm
Good evening fellow traders,

Here is my results for the day till this moment...

Short @ 1.33143 16.16 lots
TP 32.213

and waiting for a better spot to increase my shorts!

maybe between 1.3330 and 1.3340 or 50...

Cheers,

Saint
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