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  • #1,098,361
  • Mar 22, 2017 9:05am Mar 22, 2017 9:05am
Hi Eur/USD thread posters

with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread.

Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking?

Thanks for your insights and thoughts.
  • #1,098,362
  • Mar 22, 2017 9:08am Mar 22, 2017 9:08am
Existing home sales came in 11 Million under expectations. Down 21 Million from previous. Surely this will create some sell-off in the United States Dollar? Speculators expecting a trend or whatever.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,098,363
  • Mar 22, 2017 9:10am Mar 22, 2017 9:10am
Quoting B00bies
.. the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
No. You can be fine with 2:1 if you are correct 75%+ of the time.
  • #1,098,364
  • Mar 22, 2017 9:10am Mar 22, 2017 9:10am
Quoting TudorIoan
{quote} What BE? You're really some successful piece of work! Really, ...bow you, ...MAN!
I havent made a penny today , GOLD long will probably get stopped at b/e .......
  • #1,098,365
  • Mar 22, 2017 9:10am Mar 22, 2017 9:10am
Quoting B00bies
Hi Eur/USD thread posters with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread. Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
i know that TraderDale uses less than 1:1 RR and he is the most profitable/consistent trader who has a posted system and thread on here... that i've seen anyway
  • #1,098,366
  • Mar 22, 2017 9:10am Mar 22, 2017 9:10am
Quoting B00bies
Hi Eur/USD thread posters with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread. Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
Yes HUGE mistake. 1:2 at min. 1:3 great. 1:4 Awesome. 1:5 LOL
  • #1,098,367
  • Mar 22, 2017 9:11am Mar 22, 2017 9:11am
Quoting B00bies
Hi Eur/USD thread posters with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread. Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
Everything depends on your success rate. If your RR is 1:1 and you profit 75% of the time you will be profitable.
  • #1,098,368
  • Mar 22, 2017 9:11am Mar 22, 2017 9:11am
Shortd at 1.08055 stop loss 1.08085 maybe extreme stop loss 1.08200
For the jinns time is not like a river but like an ocean!
  • #1,098,369
  • Mar 22, 2017 9:12am Mar 22, 2017 9:12am
Quoting Don96
{quote} i know that TraderDale uses less than 1:1 RR and he is the most profitable/consistent trader who has a posted system and thread on here... that i've seen anyway
Yes, who has posted their system, but not common.
  • #1,098,370
  • Mar 22, 2017 9:13am Mar 22, 2017 9:13am
Quoting B00bies
Hi Eur/USD thread posters with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread. Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
If it trends use 1:2, if it's ranging use 1:1 or 1:2 at the edges. Less than 1:1 will negate your success rate.
  • #1,098,371
  • Mar 22, 2017 9:13am Mar 22, 2017 9:13am
Looks like it want to retest London high at 1.0818.
no trade for now !!!
  • #1,098,372
  • Mar 22, 2017 9:15am Mar 22, 2017 9:15am
thanks all of you for your quick responses.

Happy trading to all of you
  • #1,098,373
  • Mar 22, 2017 9:16am Mar 22, 2017 9:16am
Quoting CannonScout
{quote} You reckon existing home sales will have a significant impact? A
You really suck\ you know, you arrogant bitch !
Member
  • #1,098,374
  • Mar 22, 2017 9:21am Mar 22, 2017 9:21am
Quoting sakisf
{quote} Not all is 50-50. Long at 1st red, short at 2nd-3rd red is perhaps 20-30% after momentum, still people (incl. me) take it. Blue ones are 50-50, taken inside a range. Now for better than 50.01% you need to use whatever trading plan / indis you got {image}
Won't argue, mate. Sophisticated stuff you got there. Really hope it works for you. And really hope you're better than ....your broker

Quoting yanitsa
{quote} I havent made a penny today , GOLD long will probably get stopped at b/e .......
Tell me about it ... I have closed minus on peanuts today
Member
  • #1,098,375
  • Mar 22, 2017 9:26am Mar 22, 2017 9:26am
Last attempt, seriously fed up.

Short EUR @1.0814
Stop @1.0860
TP @1.0744

Long UJ @110.83
Stop @110.40
TP @112.10
  • #1,098,376
  • Mar 22, 2017 9:26am Mar 22, 2017 9:26am
Quoting Angelina
Looks like it want to retest London high at 1.0818. no trade for now !!!
It will not retest it will blow up! If it goes above 1.08200
For the jinns time is not like a river but like an ocean!
  • #1,098,377
  • Mar 22, 2017 9:28am Mar 22, 2017 9:28am
Quoting B00bies
Hi Eur/USD thread posters with the risk of me embarassing myself big time here. Stil a question i want to shoot out in to the most frequented thread. Everyone seems to swear that the right way of trading has to be a 1;2 Risk to Reward or higher but is this a must for constant and long term profits in the markets? When lets say I have a 75% chance of getting it right and my RR is smaller then 1;1 I am still profitable in the long run? Or am I having a huge mistake in my thinking? Thanks for your insights and thoughts.
Why not split up your trade in 1 TP with Risk/Reward > 1/2 and let the other trade run with moving your S/L every time it made a new low or high.
What's that smell? ---- I smell money!
  • #1,098,378
  • Mar 22, 2017 9:30am Mar 22, 2017 9:30am
Quoting TudorIoan
{quote} Won't argue, mate. Sophisticated stuff you got there. Really hope it work for you. And really hope you're better than ....your broker {quote} Tell me about it ... I close minus on peanuts today
No, actually I wasn't talking about my plan/indis. They might be good or not - still testing everything. My point was about the 50/50 based on price as single indicator, if you watch the chart enough you will see that the only 50/50 chances you got are when price is in a small range. We humans are contrarians so when it goes one direction, we take the other side, that is less than 50/50. When you got a solid plan and find your ways around indis, you can get more than 50.

Quoting Connors
Long UJ @110.83 Stop @110.40 TP @112.10
I was thinking longs lower for 111.35-60 again.
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  • #1,098,379
  • Mar 22, 2017 9:31am Mar 22, 2017 9:31am
Quoting Connors
Last attempt, seriously fed up. Short EUR @1.0814 Stop @1.0860 TP @1.0744 Long UJ @110.83 Stop @110.40 TP @112.10
High up enough for a honest sell! Pretty good damn work! Hope this euro bitch will go somewhere after all... hmmm!
...although, some friendly Robber Bank guy promised me we'll see 1.0828 today ...hmmm, never trust them
Member
  • #1,098,380
  • Mar 22, 2017 9:32am Mar 22, 2017 9:32am
OMG, what happened to JPY
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Yaruki