Thanks guys for all your comments & help I really appreciate that, this year I have come a long way trading, since finding this site, & thank all of you that contribute. its sad to see other sites, where TRO is posting his stuff & others are slandering him. I don't know where he gets the time to post everywhere?? I have a hard time keeping up with this site let alone others...
Yeah no squiggly lines on charts posted MO, & keeping it clean & simple, also looking at monthly & weekly more then I have been in the past.
Traderzone, to answer your question yes I do have stops on there but I turned them off, I don't want people to see my target levels & think oh hes going long to here so will I too, the market can change anytime especially if i'm going for a few hundred pips at a time, if price starts doing something i'm not happy about I could change my target level or get out, but not post it & if others follow first target they could get burnt & I would not want that. I do put where I think price is going but that is my opinion & others need to have theirs & take their own profit.. I'm no pro yet, I just don't want to post stuff that may influence other traders into a loss.. hope you understand...
It is a demo account shown, but I trade live as well simultaneously, tho not as high a $pip value, soon tho.
I always have stops, let me tell you a story of a good friend of mine, who I never met until we did a trading course together & he was 18 at the time. he could pick the market good.
anyway he opens up a live account after a month or so practicing with $20,000 AUD about $14,000US at the time. he found with he's live account he was getting stopped out a few times & then market would go off in his direction, sound familiar? so he started trading without stops & he made nearly $2500 in a week, then one nite whilst in a trade, & he was lying on his couch while the trade was running the US non farm payroll came out, now no one had told him about this fundy & how fast it can move the market, he was in a profit, but things happen very fast, price went against him by about 90+ or so pips & he had 10 regular lots on way over leveraged, so that's $9000 US down in less then a few minutes, you can imagine what he felt right now, pain lots of it..anyway he had enough composure to wait for a retrace & got out at -70 pips yep $7000 US he loss half his account in a few minutes...it was devastating for him. he just about quit. but over time slowly got back into it & managed to recover his losses after a few years.....
So don't trade without stops.....
ps... I am still long, need to open up a live account where I can still hedge to get some good red rat setups...