uncommon? 51 trades I never lost - Page 3
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Thread: uncommon? 51 trades I never lost

  1. #21
    Quote Originally Posted by ;
    My very first experience with Currency Market trading for a couple days was to pull 89 trades in a row without a loss on a demonion accounts. I traded without stops and trades were gbp. I put goals of 5 pips and went beyond that target but got a few trades using 10 or 15 pips.

    FT
    I am doing exactly the exact same thing, have experienced about 90-95 positive trades with no reduction, together with wins from $2.84 to $680, normally 10-20. Its a demo accounts. In my view, with 20-30 percent of you and low leverage account strength will save u from almostly any trading astrophe. Truly, what chances are without giving me my 5 pips, that euro will go?

  2. #22
    Quote Originally Posted by ;
    I am doing the same thing, have experienced roughly 90-95 positive trades with no reduction, together with earnings from $2.84 to $680, generally 10-20. Its a demo accounts. In my view, with 20-30 % of you and very low leverage account strength will save from almostly any trading astrophe. Truly, what opportunities are without giving me my 5 pips, that euro will proceed?
    My view, very low opportunities, but with extreme and enormous one time effect. Having chances does not mean that it will not occur, it means that it is having a very low probability of occurring, however the unpredictable can occur. Shocking everybody is kept all the time by the market. With such a egy, you need just 1 unpredictable event to occur to get you out of this game, or at least destroy weeks or months of continous success and profits.

    Please have a look at the October 19, 1987 stock market crash, and you may understand how years of great profits could be wiped in just a few hours, since the unpredictable has finally happened.

    I really don't intend to be destructive, but that's just what I believe.

    Thanks,

    Nader

  3. #23
    Quote Originally Posted by ;
    Having low likelihood doesn't indie that it will not happen, it just means that it's having a very low probability of happening, however the unpredictable can occur.
    Nader
    Salam!
    That's a very accurate, but don't forget that you carry risk being killed in an auto accident whenever u go to buy groceries. If you'll board the plane, you carry an opportunity not making it back in 1 piece. Its all about risk. Finally the life itself will not be interesting without it.

  4. #24
    Quote Originally Posted by ;
    Salam!
    That is a very accurate, but don't forget that you take risk being killed in an auto accident whenever u go to purchase groceries. A chance not creating it back is carried by you if you will board the plane. Its all about danger. Finally the life itself won't be interesting without it.
    Salam

    I totally agree, we can't predict the future, but you are referring to a totally different case in here.

    In trading, why should I position myself to only bear or resist only 1 inconsistent (Low Chance) occasion??? I assume that most of us must stand in the face of as unpredictable events because we can, so that we can live in our trading....It's a survivall game, not a one shot death game!!!

    Thanks,

    Nader

  5. #25
    Does your small city have a public library? USE IT for loans which are FREE. You might be able to purchase books on the internet. Unsure about delivery though as far as the library belongs.

    If you read a must have then buy it.

    The Forex Made Easy book was fairly good. One of the best as far as creating a transition to get the learner from Theory to Practice. But then, as was said above. . ... render Forex Made Easy alone. Sell it back the next time you are in Boise.

  6. #26
    Quote Originally Posted by ;
    You own a system, if you realize it or not. I am sure there's at least or should be. Sounds like you are trading fundamentals instead of technicals. I'd love to learn more about the way you do your study if you are eager to share.

    Thanks

    Dial
    No Issue, I am willing to share as I like to learn from others.

    First, I am a part-time dealer, who has a regular 9-5 job. In my own office, I have no access to my trading system (my boss applies a wise system adminior !!) . I can access my platform and assess my trading scenario in the evening and daytime hours. Like I have a family to attend too, I am a tiny bit limited in the amount of hours I can spend behind my PC. So, the key-word here is time. Trading choices must be taken by me . Therefore, every time I log in, I need to receive a quick though complete summary of the industry situation.

    Much like more participants in this particular thread, I stumbled upon Forex coincidentally, surfing across the net. I too read the book of James Dick - Forex made Easy, which I enjoyed quite well. At this moment, I am reading Steve Nison's Japanese Candlesticks Charting Strategies, which I find very enlightening.
    Initially, I tried some demos, got bankrupt more than once, untill I had the impression that I might succeed in this.

    Afterward I made the huge leap to trading with real money, in May this year. I started using Euro 10.000.

    I restrict myself to EUR/USD, I must concentrate on a single pair.
    I begin with analyzing the charts in my personal trading platform Virtual Trader. I look at pivot points, Bollinger bands, RSI and other technical evaluation tools. I am also fond of that the Alligator Indiors of Willi, to have a quick impression of the trends (in many time-frames).
    Afterward, I visit sites like FXstreet, where one can discover links to a lot of sites, where one could read the (not consistently) expert opinions of (more or less) professional traders. I am not searching for only-$300-per-month-guaranteed-money-back information from self-established experts for future trades. I search the non-commercial explanations of movements that are previous. I particularly like the daily reports of banks (I can suggest the commentaries of Saxo Bank, very good), who simply give both bullish and bearish views. Reading 5 to 10 commentaries has always given me a foundation to create my own view.
    All of the information I get forms the foundation for my trading choices.

    I place EntrySell or EntryBuy only below support or above resistance, or I plunge in the middle of moves using a so-called hedge: my trading platform enables me to simultaneously open purchase and Sell trades, without one affecting the other. Then I can profit from swing motions of the market.

    My gain targets are always at least 75 pips. As I don't sit behind my computer daily, I don't want to be thrown out of this game before the serious moves begin. So no small profit margins for me. Sometimes, in the end of the afternoon, that is hard if you see what you might have won, but patience is a fantastic thing. The industry always will move in my direction daily. At least, that's what it has done till today...

    My stop losses are always very far away. This may be insecure - I understand what others think of the - but this allowed me to restrict my variety of losses. OK, even if there are losses, they're generally a number of thousands of Euros. However, the profit could be enormous too: only past June, I made nearly Euro 10.000, only in one month.

    So, I would describe my system as a mix of both technicals and fundamentals. It's not automated, and yes, it does demand emotion and fear. I have had my set-backs, I have had moments I wished I'd refrained from trading, but the majority of the time it works for me.

    Forex made Easy -- yes, certainly!

    P.S. I like this forum, people are so polite around here!

  7. #27
    Quote Originally Posted by ;
    No issue, I am ready to share as I like to learn from other people.

    First, I am a part-time dealer, who has a regular 9-5 job. In my office, I don't have any access to my trading system (my boss applies a smart system adminior !!) . So, I am only able to get my platform and evaluate my trading situation in the daytime and evening hours. Like I have a family to attend to too, I am a tiny bit restricted in the number of hours that I will spend behind my computer. So, the key-word here's time, part-time. Trading choices must be taken by me . Therefore, every time I log in, I want to get a fast though complete overview of the industry situation.

    Just like more participants in this particular thread, I stumbled upon Forex coincidentally, browsing over the net. I too read the book of James Dick - Forex made Easy, which I liked. At this moment, I am reading Steve Nison's Japanese Candlesticks Charting Techniques, which I find quite enlightening.
    Initially, I attempted some demos, obtained bankrupt more than once, untill I had the impression that I'd succeed in this.

    Then I made the huge leap to trading with real money, in May this year. I began with Euro 10.000.

    I restrict myself to EUR/USD, I must concentrate on a single set.
    I always begin with assessing the charts in my personal trading platform Virtual Trader. I look at pivot points, Bollinger bands, RSI and other technical analysis tools. I am also fond of that the Alligator Indiors of Willi, to get a fast impression of the trends (in several time-frames).
    Then, I always visit websites like FXstreet, in which you can find links to a lot of websites, where you can read the (not consistently) expert opinions of (less or more) professional traders. I am not looking for only-$300-per-month-guaranteed-money-back information from self-established experts for future trades. I just seek the independent, non-commercial explanations of movements that are past. I especially enjoy the daily reports of banks (I will recommend the commentaries of Saxo Bank(very great), who only give both bullish and bearish views. Reading 5 to ten commentaries has ever given me a fairly good basis to create my own opinion on the marketplace.
    All the information that I get forms the basis for my trading choices.

    I put EntrySell or EntryBuy only below support or over resistance, or I plunge in the middle of moves with a so-called hedge: my trading platform allows me to simultaneously open purchase and market trades, without one affecting the other. I can profit from swing movements of the marketplace.

    My profit targets are always at least 75 pips. As I don't sit behind my computer daily, I do not wish to get thrown from the match before the severe moves begin. So no little profit margins for me. Sometimes, in the end of the day, that is difficult if you see what you could have won, but patience is a good thing. The industry always will proceed in my direction daily. At least, that's exactly what it's done till today...

    My stop losses are always quite far away. This may be risky - I know what others think of the - but this enabled me to restrict my variety of losses. OK, if there are deficits, they are usually several tens of thousands of Euros. However, the profit can be huge too: only last June, I left nearly Euro 10.000, only in one month.

    So, I would describe my system as a mixture of both technicals and fundamentals. It is not automated, and it will demand fear and emotion. I've had my set-backs, I've had moments I wished I had refrained from trading, but most of the time, it is good for me.

    Forex made Easy -- yes, surely!

    P.S. I enjoy this forum, people are so polite around here!
    Thank you Aroon for sharing all that. There is nothing wrong with big stops as long as you are using good money management and appropriate position sizing to your trades. It's the best way to safeguard yourself from devastating moves in the marketplace.

    Again, thank you very much for sharing.

    Dial

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