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  • #12,221
  • Nov 5, 2012 6:23pm Nov 5, 2012 6:23pm
Quoting gnomoneey
doesnt ask you to close say 1 lot of 3....well if no options then you have no choice.
also i forgot the stochastic for h4 has just passed 20%...so if you believe in Infardbl fib thingy the 50% is at 1700 and 62% is at 1705 and 100% is 1724

so it could get close to your break even but the lease you lose 500-1000pips instead of 3500 pips....
Wooooohooooo or Boooooohooooo
  • #12,222
  • Nov 5, 2012 6:26pm Nov 5, 2012 6:26pm
Quoting Daytrader74
why? so tomorrow when I turn it back on , my account is blown??
put more money in...
  • #12,223
  • Nov 5, 2012 6:29pm Nov 5, 2012 6:29pm
Quoting gnomoneey
also i forgot the stochastic for h4 has just passed 20%...so if you believe in Infardbl fib thingy the 50% is at 1700 and 62% is at 1705 and 100% is 1724

so it could get close to your break even but the lease you lose 500-1000pips instead of 3500 pips....
so you really believe it can get to near my break even point??
  • #12,224
  • Nov 5, 2012 6:29pm Nov 5, 2012 6:29pm
Quoting HelloOz
put more money in...
Hmm...so I can lose more??
  • #12,225
  • Nov 5, 2012 6:32pm Nov 5, 2012 6:32pm
Quoting Daytrader74
Hmm...so I can lose more??
hmm.. hedge then?
  • #12,226
  • Nov 5, 2012 6:32pm Nov 5, 2012 6:32pm
Quoting Daytrader74
so you really believe it can get to near my break even point??
i only showing you what my view is not giving you advise as it's not my job.

all i can say is you made an execution for some reason. what was that reason? is it still in play?
Wooooohooooo or Boooooohooooo
  • #12,227
  • Nov 5, 2012 6:35pm Nov 5, 2012 6:35pm
[quote=gnomoneey;6165093]i only showing you what my view is not giving you advise as it's not my job.

all i can say is you made an execution for some reason. what was that reason? is it still in play?[/QUOTE

I thought it was going to go to 1740 - 1750 thats why i bought at 1725
  • #12,228
  • Nov 5, 2012 6:36pm Nov 5, 2012 6:36pm
Quoting HelloOz
hmm.. hedge then?
how?
  • #12,229
  • Nov 5, 2012 6:37pm Nov 5, 2012 6:37pm
[quote=Daytrader74;6165096]
Quoting gnomoneey
i only showing you what my view is not giving you advise as it's not my job.

all i can say is you made an execution for some reason. what was that reason? is it still in play?[/QUOTE

I thought it was going to go to 1740 - 1750 thats why i bought at 1725
so now what is your views
Wooooohooooo or Boooooohooooo
  • #12,230
  • Nov 5, 2012 6:39pm Nov 5, 2012 6:39pm
[quote=gnomoneey;6165101]
Quoting Daytrader74

so now what is your views
I think it may go to 1660 - 1640 if keep dropping
  • #12,231
  • Nov 5, 2012 6:41pm Nov 5, 2012 6:41pm
[quote=Daytrader74;6165104]
Quoting gnomoneey

I think it may go to 1660 - 1640 if keep dropping

so what is your margin value?
Wooooohooooo or Boooooohooooo
  • #12,232
  • Nov 5, 2012 6:45pm Nov 5, 2012 6:45pm
[quote=gnomoneey;6165106]
Quoting Daytrader74


so what is your margin value?
187%
  • #12,233
  • Nov 5, 2012 7:00pm Nov 5, 2012 7:00pm
[quote=Daytrader74;6165117]
Quoting gnomoneey

187%
you have a hs forming....left shoulder and head formed already...need right shoulder to top out but only 1686....

and another one sloping up hs...max top shooulder is 1690
Wooooohooooo or Boooooohooooo
  • #12,234
  • Nov 5, 2012 7:02pm Nov 5, 2012 7:02pm
[quote=gnomoneey;6165135]
Quoting Daytrader74

you have a hs forming....left shoulder and head formed already...need right shoulder to top out but only 1686....

and another one sloping up hs...max top shooulder is 1690
what dose that mean in english please???
  • #12,235
  • Nov 5, 2012 7:04pm Nov 5, 2012 7:04pm
Quoting DaddyBear
If the patterns are PRESET as I thought all the time. Then, whether or not there is a rate cut tonight, the next pattern will follow through.
There are short term chart patterns and long term chart patterns. Patterns change all the time. H/s can easily switch into an inverse h/s pattern^^
  • #12,236
  • Nov 5, 2012 7:40pm Nov 5, 2012 7:40pm
Quoting Daytrader74
why? so tomorrow when I turn it back on , my account is blown??
If your account was not going to blow up, whether or not you turn off the computer would make no difference. If it was, then regardless of whatever we discussed in this forum it will happen.
daddybearforex. com
  • #12,237
  • Nov 5, 2012 7:43pm Nov 5, 2012 7:43pm
Quoting maximmm
There are short term chart patterns and long term chart patterns. Patterns change all the time. H/s can easily switch into an inverse h/s pattern^^
A pattern won't change its format if it has started. It has to complete the form of the pattern before switching to another pattern.
daddybearforex. com
  • #12,238
  • Nov 5, 2012 7:47pm Nov 5, 2012 7:47pm
Quoting DaddyBear
A pattern won't change its format if it has started. It has to complete the form of the pattern before switching to another pattern.
When a ball bounced off from a surface, it wouldn't stop or drop until the curve reached the apex, so does a pattern.
daddybearforex. com
  • #12,239
  • Nov 5, 2012 7:50pm Nov 5, 2012 7:50pm
Quoting Daytrader74
getting close to margin call daddy, holding gold position long from 1725
as recommended before, like trading news like fomc, nfp etc, gold is the first to jump or fall, use buy sell stops away from live rates like 5-10points away at least , so its unlikely u go against the trend, and always trade with stop loss.

unwilling to lose profits accumulation, will end up endangering capital investment,i always use profits accumulation method for example

month 1- 120%
month 2- 145%

on month 3 of trading, u might have a hard stop of 135%, so u can protect the hard work u work for in month 1 and month 2. Also it keeps ur real equity safe, rather than having larger dd in future and getting emotional, or keep getting more live accounts.

while hard stop kicks in, what a trader might want to do is to take a short break then return back to trading after he feels ok with his account history.

 

  1. one can't always expect to nurse a trade and make it a winner everytime


a stop loss topic for sharing to give a different perspectives to trader.

Attached File(s)
File Type: pdf Understanding Stop Loss in Forex Trading with the Doctor.pdf   197 KB | 392 downloads
  • #12,240
  • Nov 5, 2012 7:51pm Nov 5, 2012 7:51pm
Quoting DaddyBear
When a ball bounced off from a surface, it wouldn't stop or drop until the curve reached the apex, so does a pattern.
A pattern has a beginning and an ending. It won't change its PRESET format until the ending is reached. In other words, when the master shows up, the end of a pattern is near.
daddybearforex. com
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