Recent content by FutureMillionaire?

No, I didn't .... but I do now. That helps, thanks.

Obviously, but just call me lazy. That method requires looking at the top, looking at the bottom .. and doing the sum. I just thought that, in this modern day of computers (given that this is a simple calculation that even the most basic pocket calculator could manage) , there'd be something...

As candles expand and contract dependant on the scale used, I wondered if there was an indicator (for MetaTrader4), that gives a numeric value (and perhaps a histogram) for the true size of the candles.

Ah, OK. Thanks

Others have advised that you can't beat the real thing for learning. I'm still reading and soaking up information, but I still want to 'play' in a small way whilst I do so. Each time, honing my methods, until I do have a system ... as you advise.

I'm obviously missing something here. Surely this, £3.3333333 per pip with a 30 pip stop will equate to your £100 maximum loss. Where does the rest of it come in? Isn't it just complicating the issue?

I have spent months reading up on the subject, and watching tutorials. It all sounds great in theory, but suddenly, when doing it for real, it all changes .. as you get caught up with the emotion. I swore I would be cool and calculated, but it doesn't happen like that. For example, I was just...

Yes, thankyou. I'd like to do that, but I can't see where you mean. Can you paste a link to it? Thanks very much

Yes, I can see there have been moves of that magnitude, but how can you possibly know, in advance, that a move is going to be that sustained? You could be going for 150 pips, and find that it turns against you at 149 ... then goes right back where you started. (or beyond...to your stop). I can't...

What timescale are we talking about? How long do you typically stay in a trade?

They seem like big numbers. I wouldn't have thought 150 pip winners come around too often. I've been looking at 10-20, and occasionally more if I ride a break. The problem is, I've been setting the stop at around 30 so, as you can see one loss cancels out 2-3 winners. (I've actually got quite a...

Please do. I'm trying to learn as much as I can.

I've clearly got a lot to learn. It's Soooooo easy to get cocky. I started the day with 4 winners on the trot (small winners). Thought "this is easy money", then had 3 BIG losers!!!! Unfortunately, the losers cancelled out all my gains, so I'm back to square one! The problem I seem to be...

.... It got me ! Made a big loss that time. Maybe, as you said, I should have left it where it was. :(

I look to see what's actually happening. For example, I'm in a trade at this very moment .. and I set a stop loss ....Then I had another look at the chart and noticed that, whilst the general movement is in the direction I'm trading, it had touched my stop loss level earlier .... so I just...