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Stop Clowning and Start Getting Results

  • #101
  • Apr 7, 2015 6:43am Apr 7, 2015 6:43am
Trading without a stop loss is breaking one of the most fundamental trading rules there is. You need to manage your risk by using a stop loss on every trade. Not having a stop loss will keep you in a trade until you close it out for a major loss. You may even get a big winning trade on occasion but eventually the one big move against you will do you in in my humble opinion. Trading is not about winning that 1 big trade it is about repeatedly making small profits over time and increasing your account while protecting your trading capital.
  • #102
  • Apr 7, 2015 7:14am Apr 7, 2015 7:14am
Quoting Giganntor
Trading without a stop loss is breaking one of the most fundamental trading rules there is. You need to manage your risk by using a stop loss on every trade. Not having a stop loss will keep you in a trade until you close it out for a major loss. You may even get a big winning trade on occasion but eventually the one big move against you will do you in in my humble opinion. Trading is not about winning that 1 big trade it is about repeatedly making small profits over time and increasing your account while protecting your trading capital.
I see you just joined FF. Thanks for the observation. That is quite a post for your second one!!! Have you returned from an earlier adventure? No worries. Welcome to my thread.

Prescriptive trading is doomed to failure. I am not as green as you may suggest.

I avoid using stoploss because I am perfectly able to apply sound risk management.

Good Luck.
None the wiser!
  • #103
  • Apr 8, 2015 2:31am Apr 8, 2015 2:31am
#39 B AUDUSD @ .7638
Attached Image (click to enlarge)
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None the wiser!
  • #104
  • Apr 8, 2015 2:47am Apr 8, 2015 2:47am
Quoting FxClown
#38 B EURUSD 1.0854 Possible ABC is over on 4H and upward trend resumes!!!!! {image}
SL moved BE+3
None the wiser!
  • #105
  • Apr 8, 2015 3:19am Apr 8, 2015 3:19am
Quoting Giganntor
Trading without a stop loss is breaking one of the most fundamental trading rules there is. You need to manage your risk by using a stop loss on every trade. Not having a stop loss will keep you in a trade until you close it out for a major loss. You may even get a big winning trade on occasion but eventually the one big move against you will do you in in my humble opinion. Trading is not about winning that 1 big trade it is about repeatedly making small profits over time and increasing your account while protecting your trading capital.
with regard to S/L just your opnion
  • #106
  • Apr 8, 2015 4:34am Apr 8, 2015 4:34am
#38 SL hit +3
#39 Closed .7713 +75
None the wiser!
  • #107
  • Apr 8, 2015 6:30am Apr 8, 2015 6:30am
I didnt say you were green I merely stated that trading without a stop loss is not generally considered a sound risk management idea...
  • #108
  • Jun 25, 2015 1:38pm Jun 25, 2015 1:38pm
With Greek/EU shenanigans, this is a short term trade.

S DAX30 @ 11450
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None the wiser!
  • #109
  • Jun 25, 2015 1:42pm Jun 25, 2015 1:42pm
AUDUSD possible shortterm uptrend.
B @ 0.7746
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Click to Enlarge Name: Image1.png Size: 28 KB
None the wiser!
  • #110
  • Jun 25, 2015 2:04pm Jun 25, 2015 2:04pm
Post #108 Closed for +20
None the wiser!
  • #111
  • Jun 25, 2015 3:23pm Jun 25, 2015 3:23pm
Quoting FxClown
Post #108 Closed for +20
This is a valid long. Good for 200+ pips with the right entry and target.
  • #112
  • Jun 25, 2015 3:26pm Jun 25, 2015 3:26pm
Quoting FxClown
AUDUSD possible shortterm uptrend. B @ 0.7746 {image}
Good long setup 200+ pips with right entry and stop loss.
  • #113
  • Jul 1, 2015 2:37am Jul 1, 2015 2:37am
#112 closed yesterday -35. Lost patience with this trade as there were opportunities elsewhere.
None the wiser!
  • #114
  • Jul 1, 2015 2:38am Jul 1, 2015 2:38am
Sorry for neglecting this thread but I don't get much time to post. I will try!
None the wiser!
  • #115
  • Aug 7, 2015 11:51am Aug 7, 2015 11:51am
#115 GBPAUD S @ 2.1217 - Possible trend reversal on Aussie. I have moved stoploss to a few pips.
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None the wiser!
  • #116
  • Aug 9, 2015 3:34pm Aug 9, 2015 3:34pm
Quoting FxClown
#115 GBPAUD S @ 2.1217 - Possible trend reversal on Aussie. I have moved stoploss to a few pips. {image}
Looks promising
  • #117
  • Aug 11, 2015 4:32am Aug 11, 2015 4:32am
#115 SL was moved to +ve few pips which was taken out last night by Yuan devaluation spike.
None the wiser!
  • #118
  • Sep 17, 2015 4:21am Sep 17, 2015 4:21am
Tempted by the pin bar and action to the left. S EURJPY 136.97
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None the wiser!
  • #119
  • Sep 17, 2015 6:12am Sep 17, 2015 6:12am
B GBPAUD 2.1646 Target 2.19
Before todays FOMC decision, I will place a SL.
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None the wiser!
  • #120
  • Sep 17, 2015 10:12am Sep 17, 2015 10:12am
Quoting FxClown
B GBPAUD 2.1646 Target 2.19 Before todays FOMC decision, I will place a SL. {image}
A bird in the hand was worth it. Closed for +84
None the wiser!
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