Disliked{quote} I wonder how many mice he/she wears out making all those clicks! Poor bugger must be going insane JIgnored
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Disliked{quote} I wonder how many mice he/she wears out making all those clicks! Poor bugger must be going insane JIgnored
Disliked{quote} I was talking to someone yesterday who has averaged down on bad trades on EU to the extent that a margin call is inevitable...they are down something in the region of 4,000 pips!! All this averaging down/martingale etc etc is something that I will never understand in a million years. I bet that person in the link you just read wishes and cry's because he didn't simply take the loss when it was available. Why dig such a huge hole? Just take the loss, learn from it, and move on.....how hard is that?Ignored
Disliked{quote} Adding to losing positions is the same as inverted pyramiding. It is the complete opposite of what to do. Hoping and praying that the market will turn for you is the end of the line. Even if it does turn and the trade turns good, it is only reinforcing poor decision making, which is worse, because the trader will do it again, and again. I really took on board Marcel Links take on the correct way to pyramid trades. Personally Im not at the pyramid level. I try to only take what I know are good set ups and risk the same on every trade, except...Ignored
Disliked{quote} Pyramiding can work well and I do it from time to time. I remember talking to PM1 about this a little back and I promised to talk about it here......but then all this testing got in the way so it will have to wait for another timeIgnored
Disliked{quote} Just very briefly....GU, when it turns (which might be soon, check out the Daily and Weekly charts), is likely to fall 1,000 pips back to the major support. If you were to short that and hold your trade, you might make 1,000 pips. But think of this, when your trade gets to +100, move your SL to +50, and then enter another short. When the first trade gets to +200, move the SL to +100, and move the 2nd trade SL to +50 and enter a third short.....etc etc etc. As the move 'breathes', you may get a trade knocked out at +50 (so what?), and you...Ignored
Disliked{quote} Yeah that move started with the BRN bounce just before Tokyo....but I missed it...lolIgnored
Disliked{quote} Stalling now, and a good place to get shaken out However when this happens and 15/30/H1 stochs are in agreement I try to think of PA as a bow being drawn back to fire an PA arrow at TP...............Ignored
DislikedGoodmorning all, can someone help me to understand why most of the japanese news are "tentatively" announced? Does it depend on their precise culture or anything else?Ignored
Disliked{quote} Because Japanese officials hate 'speculators'....they blame 'speculators' for just about everything, so they seem to think that if they keep their news schedules secret, then no one can 'speculate'...lol. Anyway... Kuroda will have his press conference at 0630GMTIgnored
Disliked{quote} I am amazed how people want to make money trading, without understanding some basic "game theory" principles. Many people use martingale or similar schemes in their trading or in rulette etc. What they do not understand is that in order to make money you need a positive EV strategy (EV=expected value). Casinos are happy to see as many people as possible playing rulette with a "system" or not. Because the game is designed to have a positive EV for the house thus negative for the customer. No reason to analyze it here more. All casino...Ignored