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  • #21
  • May 24, 2017 7:02am May 24, 2017 7:02am
Quoting Kanzler
{quote} Leverage is a scapegoat and a favorite boogeyman among rookies. You calculate your position size by first defining how much money you want to risk...often in percentages. Then, you divide your risk by how many pips your risk area is between entry and stop loss. Then, you choose an appropriate lot size to match your predefined risk. The leverage your broker offers is really inconsequential, except that with lower leverage you are forced to deposit more of your money to their account. In the meanwhile, your money is not gaining interest, it...
You trade M1 too right? What strategy do you recommend when using M1 TF?
This is not investment/trading advise. Will not hold accountable for loss
  • #22
  • May 24, 2017 7:57am May 24, 2017 7:57am
Quoting yousername
{quote} You trade M1 too right? What strategy do you recommend when using M1 TF?
I try to not watch it. Have been patiently been waiting for D1, H4, H1 setups and only look down as far as the M15 for verification of what I think is happening. I love the M1, but the spread is just brutal. Ends up being 50% of my risk area sometimes.
  • #23
  • May 24, 2017 9:51am May 24, 2017 9:51am
I prefer to scale into trades. Others may call it adding to losers when you are scaling into a negative position (averaging in). I call it building my position.

I also scale in when position is positive (averaging in) . When I am building a swing trade or a long term hold, I scale in and out sometimes for weeks before I close out entire line.

But I never scale into a scalp trade which is what 1 minute charts are. I play small in scalping, lot's of little winners and losers - 5 to 10 pips. I looked at your trade, you were over leveraged. We've all done that in the past, goal is to not keep making the same mistakes
Ecclesiastes 1:9
  • #24
  • May 24, 2017 3:45pm May 24, 2017 3:45pm
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}
have backtested many codes and experienced this happened many times during back test , take stop or margin then reverse or miss take profit with some pips
believe it or not its random
WaBaS Where are Buyers and Sellers
  • #25
  • Jun 10, 2017 12:11am Jun 10, 2017 12:11am
I have personally found it impossible to profit on a 1M chart. From looking at your screenshot, you were in an uptrend, and only crossed your lowest value moving average. Right? So, is that a real signal? If so, then your stop, and next entry, would have been when it crossed again going back up. Right? Check your rules, and consider moving to a higher time frame with more stability.
You cannot be extraordinary by being normal
  • #26
  • Last Post: Edited 12:47am Jun 10, 2017 12:31am | Edited 12:47am
Quoting alawy103
Hi All I just want to share what happen for my account yesterday and it look like someone monitor the margin for the accounts and this only reason keeping me thinking to leave the forex market. the price reach the point that hit my margin and retrace after . Thanks {image}
this has happened to me many times when averaging down over the years... Do you feel like you've been played? Right on the turn point where I have my stop loss under they close all your positions ... to be fair they didn't break any rules once your account is under a certain margin level they have the right to close you out at will. Plus they usuall;y know where it's going ahead of time, so they play you.. I understand your frustration, they are bastards it's true. But this is a game and there are rules...

Once you get yourself into that situation you have lost even if it works out, of course you should have cut long ago but it's too late.

Imagine the scenario where you just survived and went on to make a profit... You'll just do it again one day with more money and lose even more, so take it as a lesson. We're trained in pain in this.

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