Trade with no stop

Hello dear traders, we traders are like poor pretty fish, no matter if you please read it carefully, trader will remain pretty fish but safe.


1. Market is predecided by the market makers, exchange is market maker
2. It is like a chess game, but our opponent is hidden
3. Do not place limit or stop, in this way we have opened our game
4. Play always by market order
5. Have courage to admit mistake, enjoy loss being a new experience
6. Do not become a bank or billionaire. Some banks have sunk, where, in crude oil
7. Loss % of equity is meaning less
8. Being a day trader having equity up to 20,000 $ never never never trade more than one lot. For every additional lot 10,000 $ be added in equity.
9. Carefully chose minimum indicators
10. Do not predetermine profit but take profit at a proper place keeping in view the position of indicators
I prefer to view and take position in 15 minute graph inserting Bollinger of 20 with deviation of 2 along with simple MA of 10 close. It is strongly recommended to use RSI of 5 applying close with the levels 10,20,30,50,70,80 & 90. This pattern is only for currencies, stocks and metals.
Always take trade from upper or lower bollinger sell/buy. I observed market 100% divert after forming divergence which can be well judge through RSI.A careful back testing of any graph only of a month is enough to understand the divergence. It gives more than 80% positive result. 20% negative results are only just due to the wrong reading of divergences. Any one is allowed to have free consultation on 0923344719990 but be precise and to the point. A very interesting example of EURUSD of 2014-04-30 can be observed. Future MT4 graph, first low of 1.3802 posted by selling candle eventually closing at low and then second low1.3800 also closing price posted by subsequent 11th selling candle(consider always closing price). Position of RSI at both prices clearly show divergence. Now trader needs confirmation of divergence which is being confirmed by subsequent selling candle closing at 1.3791 with the low of 1.3786, because RSI is higher than the RSI of price 1.3802.Had RSI been lower than the RSI of price 1.3802 the divergence would have been finished indicating no buy . Now completion of a very next buying candle must be waited to take buying position and market formed buying candle showing OHLC as 1.3790/1.3797/1.3787/1.3792. Then market posted another low of 1.3771 but returned upward forming buying candle. Now it is discussed that if market had dropped in next couples of candles where to take loss. Yes it can happen. If any candle closes below the price of 1.3786 which is low of selling candle closed at 1.3791 no wait to exit. I hope it is enough and good luck to every reader.

when did pakistan legalized forex trading?

how did u transfer 20k out of pakistan, without being caught?

Why so suprised?

Under the State Bank of Pakistan (SBP) regulations, one can transfer 20k US$ between a Pakistani private foreign currency bank account and private bank accounts abroad. Transfers from private to corporate accounts are currently not allowed. Furthermore, there is no limit on transfers in reverse, i.e. sending money to a private account in a Pakistani bank.

When I first stared trading my stops were constantly getting hit only for the market to move in the direction I had originally projected. After this I traded for a while without stops but soon learned the hard way that this can be dangerous too. Now I prefer to place my stops below existing resistance points and will also use trailing stops too for a fast moving market. I'm not sure that a thread entitled "trade with no stop" in a rookie section of a forum is a great idea.

I had a similar issue with my stops getting hit before the market moving in the direction I was hoping.

In Market Wizards (I forget which trader), I learned to put a stop well below (or above) where you think it should stop... for example support. How low? Low enough if that level is hit, you know your trade was wrong... even if it were to turn around after getting stopped out.

You tend to reduce your trade size this way, but psychologically, this is one of the best practices I've ever used that turned my trading around.

I had to read the post a few times before it made sense..and on stops, it makes more sense to trade with one than without a stop.