Never Lose Again
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- Braathen
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playing it slow
Nice trading es/pip as always.. im playing it slow atm and only traded the EU today.. 2 trades and 2 wins.. 42 pips. Thanks again for all the time u spend posting m8
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
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Re: playing it slow
Braathen wrote:Nice trading es/pip as always.. im playing it slow atm and only traded the EU today.. 2 trades and 2 wins.. 42 pips. Thanks again for all the time u spend posting m8
you have been trading very well
42 pips is more than enough a day
20-30 a day and you are loaded in due time
Bend over and assume the position for another 4 years of hope and change.
Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.
live or not live next week, that iz ze question =]
just start small----- to where it doesn't matter if you win or lose $$$
just get comfortable doing it live
then add size later
trust me, it will save you a vast amount of time over the long run in getting to where you want to be
Bend over and assume the position for another 4 years of hope and change.
- Braathen
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live or not live next week, that iz ze question =]
I have not got alot of experience but from my point of view i learnt alot from 10 cent pips with the whole emotional thing.. the aspect of seeing myself loose real money really got my drive going and made me take alot less trades after loosing like 40 bucks in 10 cent pips i have worked myself up to 30 cent pips atm if all goes well next week i will be moving up my original target of 50 cent a pip.. ie 4% risk with 30 pip hard SL.. anyway.. i pretty much just wanna say i think its worth it (especially with some of the nice trades u have posted) to go for the small amount and feel the money if u will feel free to flame me!!
Best wishes
Edwin
I have not got alot of experience but from my point of view i learnt alot from 10 cent pips with the whole emotional thing.. the aspect of seeing myself loose real money really got my drive going and made me take alot less trades after loosing like 40 bucks in 10 cent pips i have worked myself up to 30 cent pips atm if all goes well next week i will be moving up my original target of 50 cent a pip.. ie 4% risk with 30 pip hard SL.. anyway.. i pretty much just wanna say i think its worth it (especially with some of the nice trades u have posted) to go for the small amount and feel the money if u will feel free to flame me!!
Best wishes
Edwin
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
- pablo101
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Braathen wrote:live or not live next week, that iz ze question =]
I have not got alot of experience but from my point of view i learnt alot from 10 cent pips with the whole emotional thing.. the aspect of seeing myself loose real money really got my drive going and made me take alot less trades after loosing like 40 bucks in 10 cent pips i have worked myself up to 30 cent pips atm if all goes well next week i will be moving up my original target of 50 cent a pip.. ie 4% risk with 30 pip hard SL.. anyway.. i pretty much just wanna say i think its worth it (especially with some of the nice trades u have posted) to go for the small amount and feel the money if u will feel free to flame me!!
Best wishes
Edwin
I learnt to use a smaller stop from ES and dragon, thanks guys!
Last edited by pablo101 on Tue May 04, 2010 7:27 am, edited 1 time in total.
- Braathen
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Hi pablo!
Thanks for your insight and would just like to add my idea of a hard stop is a worst case scenario SL.. i will generally get out when 5 or 15m candle closes against me.. my avg loss is about 6-15 pips.. i picked 30 as my extreme because its made my MM like i want it
400$
risk 4% = 16$
30 SL at .50$ = 15$
I might wanna change this i dont know but atm i guess im focusing more on the market and entries exits compared to MM
and i generally try to aim for 20+ runs atm.. i should have held my EU short yesterday a few more minutes ^^
PS. I dont know if im seeing IT.. but i believe very firmly that soon i will see my own version of IT
Thanks for your insight and would just like to add my idea of a hard stop is a worst case scenario SL.. i will generally get out when 5 or 15m candle closes against me.. my avg loss is about 6-15 pips.. i picked 30 as my extreme because its made my MM like i want it
400$
risk 4% = 16$
30 SL at .50$ = 15$
I might wanna change this i dont know but atm i guess im focusing more on the market and entries exits compared to MM
and i generally try to aim for 20+ runs atm.. i should have held my EU short yesterday a few more minutes ^^
PS. I dont know if im seeing IT.. but i believe very firmly that soon i will see my own version of IT
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
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