Forex Trading 2018- TA/FA- Setups and discussion, page-67

First 67 Last

Share
Profile

Follow
sydshare

2,025 Posts.

04/01/18

07:14

Post #: 30027062
Share

Originally posted by specgoldbug ↑

Ok forexers in all fairness for me its been an up and down week good wins good losses....a cancel itself out kinda week

Like Syd said, forex is not about win/loss ratio, but a big win will pave the way every time....and forex offers whoppers, bags on capital invested within hours, 10,20 30 bags in days, just finding the opportunity/leverage/stop is the hard part....

Got a bit do do next few days so I just made my last trade for the week GBPAUD Long (having another crack).... only $250 margin but big and tight and I will let it run if it goes (which based on my tight stop is low%)......it's at $20 a pip

PS ...I almost got stopped while posting this...lol.....and been watching intently for reversal before posting but I am still alive....(ps wouldnt have posted if I got stopped and it was within a whisker haha but stoppage is still a big reality)....will probably get stopped the moment I click posted

IF...and its a BIG IF...it does run from here and I dont get stopped, and Im using very wide timezones right up to here to time it, I will post the close out result in due course

View attachment 904070

Expand

You bought the ding dong high.! Would have made 80 ticks selling it.
The pound is too much of a political punt if Teresa May or Juncker even farts cable goes ballistic.

Think you should take a leaf out of Ricky's book and trade smaller thus allowing safer and wider stops.
As I keep banging on about the best traders I have known are the Hedge Funds in the 1980's/90's. They wouldn't give a shite about a 30 pip move in fact that was what I used to quote them , a 30 pip spread when they did size say $100 mln. Then they would go quiet for weeks on end.
Many of them worked on 30% of trades were huge profits and 70% were stop losses.

Again each to their own.
Upvote

Reply