Recent content by Mikeyfx

1.7500 all the way baby!! :)

FIREWALL click link to watch!!! So now we know its all the Brits fault, the no good neo facist nazi loving empire building resource raping war mongering coniving capitalist money grabing all round naughty little monkeys!! rofl :confused: Communists the lot of em rofl :clap:

chilltrader i think you have missed lee's point entirely he was not saying you should not stop trading just because your winning, it makes sense to have time frame for trading whatver that may be so no matter if your winning or losing that is time of day you stop. (we can not trade all day even...

No but i do know one called super duper get rich in 5 minutes on the forex market by MIKEYFX :eek:

Me

hi all. what i tight stop can be defined as is totally dependant on market your trading and indeed the time of day or current conditions of said market and of course your stratergy/style of trading. if your scalping say on eur/gbp then a 5/8 pip stop loss might be ok but if your scalping on dow...

Its to do with confidence, if i have a system that i know works and has returned at least 1:2 over past x amount of weeks/months/years and i have a day where i have 5 straight losses! do i then start to lose confidence? if i know it works then i shouldnt but then we again come back to discipline.

hi, agree with alot thats been said here. but would like to add that while what your saying is true and system not at fault and if it was all run by cpu then no problen but unfortunately humans dont think like pc's, they are irrational and the markets are moved by humans, there lies the problem...

Hi liam, lots of great advice here, i think i understand how you are trading and if i can offer you any advice it would be this. you enter a trade based on your system, you set a stop based on point where would be clear you were wrong about entering in the first place, imo the amount of pips...

Experience cannot be gained without the relevant information of a particular field being known i.e. you cannot trade without the basic knowledge of how the markets work. information that would have to be learned. I am a great believer in having a wealth of knowledge the more the better, if i...

or 104???? or who knows tomorrow 103????? ffs

hey peeps just my 2 cents worth alot has been covered i know. A small stop loss does not mean you are less sure of your trade any more than a big stop loss means you are more sure. imho a stop loss should depend on the setups you use and where point would be on these setups that you are...

"I think that I learned another lesson today. I exited the trade for no reason other than getting the fear of losing the profit that I had made. When looking at the chart now, I exited in the middle of the rally. I have spoken to someone today about trends in the run up to news announcements. He...

hi chris well done on your opening day/s trading so by my calculations you should be about 35/40 pips up? (inc. your trade this morning) not bad at all especially as your first few trades :) i know of a system extremely simalar to yours except with diff take profit targets and money management...

ok thanks very much