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  • #969,301
  • Mar 15, 2015 9:20pm Mar 15, 2015 9:20pm
Quoting afhacker
{quote} Follow the trend.
Sure...great plan! New way of asking: a loss of 39 pips would cost you what percent?
  • #969,302
  • Mar 15, 2015 9:23pm Mar 15, 2015 9:23pm
Quoting kenfen69
{quote} Sure...great plan! New way of asking: a loss of 39 pips would cost you what percent?
I limited my risk with SL so I'm ready to lose this much.
Without an edge MM is useless!
  • #969,303
  • Mar 15, 2015 9:27pm Mar 15, 2015 9:27pm
Quoting afhacker
{quote} I limited my risk with SL so I'm ready to lose this much.
This much? This much == __% of account? Sorry...just making conversation...LOVE a comfortable room. :-)
  • #969,304
  • Mar 15, 2015 9:28pm Mar 15, 2015 9:28pm
Quoting kenfen69
{quote} This much? This much == __% of account? Sorry...just making conversation...LOVE a comfortable room. :-)
Yeah this much! how can u guys trade with this much fear?
Without an edge MM is useless!
  • #969,305
  • Mar 15, 2015 9:29pm Mar 15, 2015 9:29pm
Quoting Ck87
{quote} Likely some more upside over coming days, sure, but new lows will follow.
Like, I said I am not trading NU because of the strong USD. Maybe some new lows as you said. But, for others pairs it is fire on for now
  • #969,306
  • Mar 15, 2015 9:32pm Mar 15, 2015 9:32pm
Quoting palinco
{quote} Like, I said I am not trading NU because of the strong USD. Maybe some new lows as you said. But, for others pairs it is fire on for now
Yeah I sold GBP NZD a bit early then at the highs and it came down like 700-800 pips in a day it was absurd.... I'm waiting a little to go long GBP/AUD GBP/NZD , it's tempting for a move, but seems like I should be more patient..
  • #969,307
  • Mar 15, 2015 9:39pm Mar 15, 2015 9:39pm
Quoting afhacker
{quote} Yeah this much! how can u guys trade with this much fear?
Can only answer for myself. THIS much ALWAYS equals a percentage. 39 pips == 2%. 39 pips == 5% KNOW YOUR LOSS before you place the trade!
  • #969,308
  • Mar 15, 2015 9:40pm Mar 15, 2015 9:40pm
Quoting kenfen69
{quote} Can only answer for myself. THIS much ALWAYS equals a percentage. 39 pips == 2%. 39 pips == 5% KNOW YOUR LOSS before you place the trade!
good god they have no idea about money management....

i can easily tell you my risk %

say i enter a trade at 1.05, to short EURUSD at now 3 Lots per trade because my account is at 75k, (rule is 2 lot for every 50k)...
3 lots =30 USD per pip, 1.0550 = 50 pip loss, 30*50=1500 USD
1500USD/75000USD = 2% drawdown.

my max recorded drawdown is 6%, ie 150 pips in this circumstance...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,309
  • Mar 15, 2015 9:41pm Mar 15, 2015 9:41pm
Quoting afhacker
{quote}how can u guys trade with this much fear?
Sorry...meant to say. Know your loss...and there is no fear. Simple.
  • #969,310
  • Mar 15, 2015 9:42pm Mar 15, 2015 9:42pm
tremendous: I turned $20 to $750 Since last Thursday. Cool! See a big turn around for the future.
  • #969,311
  • Mar 15, 2015 9:42pm Mar 15, 2015 9:42pm
Quoting afhacker
{quote} Yeah this much! how can u guys trade with this much fear?
now you have profit in euro trades $ 1900. when your stops are hit for all your euro trades you have only $ 700 left. Why give back so much??????

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #969,312
  • Mar 15, 2015 9:44pm Mar 15, 2015 9:44pm
I'm going to open short at 1.0460, ST at 1.0534, TP 1.0324. Green pips to everybody!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-riston-capital-ltd.png Size: 20 KB
  • #969,313
  • Mar 15, 2015 9:45pm Mar 15, 2015 9:45pm
Quoting fxtyrant
{quote} good god they have no idea about money management....
Yeah...like you did out of the gate? Mind the "tyrant" thing when I'm about, fella. Do yer "thang"...but we've seen you come up as well.
  • #969,314
  • Mar 15, 2015 9:48pm Mar 15, 2015 9:48pm
Quoting kenfen69
{quote} Yeah...like you did out of the gate? Mind the "tyrant" thing when I'm about, fella. Do yer "thang"...but we've seen you come up as well.
Took me ages to learn....

but still doing my thing.
but yea looked more into afhacker's system....
his system is in a trade 95% of the time....
thats a good enough redflag for me that hes overtrading or overly attached to trades that profitable trades could turn into a loss because hes holding and holding and holding...

not exactly my style but its working out for him so far...

PS. F**k i need caffeine....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,315
  • Mar 15, 2015 9:53pm Mar 15, 2015 9:53pm
pivot point tested twice and rejected. theres a possibility eurusd is heading down to Support 1 at 1.0430.
  • #969,316
  • Mar 15, 2015 9:57pm Mar 15, 2015 9:57pm
Quoting fxtyrant
{quote} afhacker's system.... his system is in a trade 95% of the time.... t
Time no matter! If you can't answer within seconds what a 39 pip SL is going to cost you... ... ...ain't NO system at all. Go to Vegas/Monte Carlo...at least a few drinks for free before the gambling runs out. How long before it runs out? THIS long! Hahahahahahaha...I've budgeted THIS much. Oh.... ... ... have you really? :-P
  • #969,317
  • Mar 15, 2015 9:58pm Mar 15, 2015 9:58pm
Quoting fxtyrant
{quote} still doing my thing. but yea looked more into afhacker's system.... his system is in a trade 95% of the time.... thats a good enough redflag for me that hes overtrading or overly attached to trades that profitable trades could turn into a loss because hes holding and holding and holding... not exactly my style but its working out for him so far... PS. F**k i need caffeine....
Everyone has his own system my one is based on SL trailing and I'm not predicting the market with TPs.
I don't have any fixed number of pips or percent for my SLs, my SLs are based on market condition and If I can't afford to lose the required amount of SL I'm not putting my self on that trade.
Without an edge MM is useless!
  • #969,318
  • Mar 15, 2015 10:02pm Mar 15, 2015 10:02pm
Quoting fxtyrant
{quote} F**k i need caffeine....
You wha? Thought you had a caffeine empire by now!?! Surely a young Tyrant owns that, no? :-) Gawd speed, young man!
  • #969,319
  • Mar 15, 2015 10:05pm Mar 15, 2015 10:05pm
Quoting kenfen69
{quote} You wha? Thought you had a caffeine empire by now!?! Surely a young Tyrant owns that, no? :-) Gawd speed, young man!
Lol my body maybe a caffeine empire by now, but i dont own one..... heck i need so slowly wind down my dosage... actually getting worried bout addiction and withdrawal symptoms... lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #969,320
  • Mar 15, 2015 10:07pm Mar 15, 2015 10:07pm
Quoting afhacker
{quote} Everyone has his own system my one is based on SL trailing and I'm not predicting the market with TPs. I don't have any fixed number of pips or percent for my SLs, my SLs are based on market condition and If I can't afford to lose the required amount of SL I'm not putting my self on that trade.
understood, so your profit relies on how well the market keeps trending and trending and trending so your trailing stop loss catches up..... but that would mean at some point you might miss out some profit....
and that you would always miss out a few pips, causing your system's exit accuracy to be pretty low....

what i learned in forex is that you can enter the market at any time you want. the biggest matter is how well you exit, always have a plan of exit.
your seem to have a plan of exit, but it sure isnt the most accurate one.
i just hope for your sake accuracy is not relied by your system to generate profits.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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