You're a twat. I have also wasted time in the monkey cage. Have fun.Originally Posted by ;
You're a twat. I have also wasted time in the monkey cage. Have fun.Originally Posted by ;
Little things bother little heads....Friend my mother tongue is Afrikaans.In my nation most individuals are bilingual and in many cases they could speak a third language. How about you? Can speak over one to display several ways. I was not talking to you nor didn't say anything to you.You opted to become involved with something which has nothing to do with you personally. Remind yourself about that until you make comments on something which has nothing to do with you.Peace!COriginally Posted by ;
Thank you for calling me a Twat. In case it makes you feel good about yourself then be it.Also do not forget how you got involved in this. Shall i remind you? I wasn't speaking about you and did I speak to you. You came in from both sides and begin dishing blows out. Is that how you do things in your nation feel that you're currently backing out from your challenge. If that is the case, no problem. My commerce explorer won't be removed and I will not lose 50 percent of my account .Here is exactly what I wish for you.... Peace, achievement and prosperity.Originally Posted by ;
you're proficient at insulting people in English, and possess a good grasp of profanity, dependent on your FF articles. And, like you talking about manners someone is a joke. Peace back in you!Originally Posted by ;
Hi Nomadic123,
In answer to your query, yes scaling into and from a position is perfectly legitimate....BUT of more validity is ensuring that your bet size is related to BOTH your available Trading Capital AND prevailing Volatility in whatever tool you are able in. You put on, then you can't correctly figure out the bet size depending on prevailing Volatility and your Capital if you do not have a stop/loss point associated with each and every entrance trade. I didn't read the thread that you alluded to but I believe that you said he didn't mention stop/loss points in his MM system. ANY recommendation on MM that doesn't integrate stop/loss points isn't in fact and IS WORTHLESS any kind of MM system in any way.
As a very simple example of a very workable MM guideline:
Suppose you have $10,000 Trading Capital and your egy indior rule states buy Eur/$ (for whatever reason). Your 1st question is how much should I buy? However, where is an proper stop/loss stage for such an entrance? To answer this question you need to check at prevailing Volatility of Eur/$. Let's say daily volatility is 5%. To maintain this very simple let's presume that a 5% price move (up or down) at Eur/$ today could easily be anticipated as a hi/lo range. So to avoid your long position being ceased you want to be conservative and place your stop/loss at -5% in price move terms from where you have just bought it. [If your buy signal was correct and you haven't bought the surface of the mkt for the day, you have given yourself a stop/loss stage with a prospect of not being triggered.]
Next question is how much do you really want to risk of your Trading Money? Be conservative and say 1.
So last question is my bet size? You take the gap in price between your entrance and stop/loss price and figure out the number of contracts you are able to afford to buy such that if your stop is hit, you'll lose 1 percent of your Trading Money.
My point concerning the scaling is that you would need to do these bet size calculations for every single trade, whether you regard yourself scaling into or not. EVERY TRADE HAS ITS OWN STOP/LOSS stage and you calculate bet size the same way.
Once you've understood this simple systematic MM method, you might want to investigate how your egy behaves once you place your stop/loss at say 1/2 Present Volatility (and double your bet size accordingly.)
Good fortune. When referring to MM, ps you need to eradie out of your lexicon phrases like Time better spent elsewhere. Get yourself a very very very thorough comprehension of Volatility and spend 90% of your time on your MM rules. Trading entrance signals are the simple bit. Fantastic MM and with the discipline to adhere to them EVERY TIME ought to be exactly what concerns 90% of your trading period. I assure you that in the event that you do that you'll be giving yourself the best chance of having money left to trade time.