Recent content by cup243

I think the idea that emotions are one of the primary causes for losses, is a myth. If it was so true, you could watch an emotional novice trader and make the exact opposite trades to him, and you would get rich.

Well you would need massive consistent and exponential profits to take $100 into any considerable amount. If I could work for a trading firm or something...

Well not me, I'm trading a live account, and no intenton of starting any "fund".

Hi, I have developed a strategy to trade currencies and commodities and at this stage I am consistently breaking even, which I think it's the middle step between consistent loses and consistent profits. In the end of the day the vast majority of traders are consistent losers. The issue is that...

anyone else?

I trade reversals after the price reacting with a trend line, with stops at only -15 pips (I do very high risk reward ratios). However on average, on Friday's close, I should have an overage of around 20 pips, so that's a gap of around 35 pips. Do you think I should close on Friday? How often...

What is a trendline pullback??? I basically get in immediatly when the price touches a trend line (from ANY two tops or bottoms), betting on it bouncing back, with a risk reward ratio of 1:4 (risking one to make four). The thing is, I don't know if I should enter when the price touches the...

Hi, how dangerous is to leave a trade open trough the weekend??? I mean I know there could be a global event that would make the markets gap like crazy on Monday's open, but how likely is this??? What do you do regarding this??? Should I close a trade before the close on Friday, and reenter...

Hi, what is the consensus regarding how to draw trend lines?? should I draw them passing by the extremes or the closing point of the candlesticks??

I usually do 15pip stops and ~60pip targets. When profit rises to around 3 times my risk, I begin stop trailing. I actually don't have fixed target profits, I hold them indefinitely until they retrace a given %.

Do you have an opinion on what the market will do? If you have a position, are you long or short?

Any thoughts on the following possible entry??? Buy limit FTSE100 @ 5727 (should be hit in the next few hours)

Man the best advice that I can give you is, even though you have £30k to trade, for the first 2 months at least, use the smallest stake that you can trade with. A minilot if you can and that's it. It's EXTREMELY likely that you will lose in the beginning, so do it with little money. I say this...

So you mean that it's better to get out when you think there is gonna be a temporary retracement, and get back in when you think it's the end of it? I don't know of a better way to miss the meat of a trend, really.

Explain why. Missing a massive continuation is worse for your balance than losing a trade.