fridays is so hard to trade for me . i do all of my mistakes at fridays. last month i caught up at nfp and paid the price . it was friday too so unexpectable
- #625,223
- Apr 13, 2012 8:53am Apr 13, 2012 8:53am
- | Joined Jan 2012 | Status: Member Test | 234 Posts
fridays is so hard to trade for me . i do all of my mistakes at fridays. last month i caught up at nfp and paid the price . it was friday too so unexpectable
But this time damage much smaller
- #625,224
- Apr 13, 2012 8:54am Apr 13, 2012 8:54am
I really want to but i done expect too much because emas and price action are pointing down right now , i am just waiting for a pullback to close my longs. i thought 3150-40 regiond would have stopped the price from falling but caught up in the middle of the news
Patient shall lead you to the best entry point
- #625,227
- Apr 13, 2012 8:56am Apr 13, 2012 8:56am
- | Joined Sep 2009 | Status: Unusual trader | 1,061 Posts
- #625,228
- Apr 13, 2012 8:56am Apr 13, 2012 8:56am
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
- #625,229
- Apr 13, 2012 8:57am Apr 13, 2012 8:57am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Squeezing time...looks like they want to drag it down as much as they can before skyrocketing
- #625,232
- Apr 13, 2012 9:00am Apr 13, 2012 9:00am
am worry 1.28-1.26 before end of Apr or could go worsen than that..will not suprice if a massive movement by early next week providing a possibility of a 'big shock' news....soon
- #625,236
- Apr 13, 2012 9:06am Apr 13, 2012 9:06am
- | Commercial User | Joined Mar 2007 | 2,287 Posts
Yep, thanks, Why don't we see at chart today instead of talking about Wars
It is only my opinion.50%
Check with you guys how do you calculate risk reward ratio? I often see to earn $100, I might need to see -$400 at some point of the positions open. Is that normal?
your risk-reward ratio looks terrible. it depends on how are you going to calculate your risk. generally, a beginner would risk about 2% of their account for a 1:1 to 1:1.2
you seems to have adopted a risk-reward ratio of 1:0.25 where you risked up to -$400 just to see a return of $100. if you are going to risk up to -$400, you should at least expect a return of $400 or more or you wont stay in the market for long before your account get busted. There are many traders here who sustained even with consecutively 20+ losing trade in a row.
