Maybe you didn't counter the market correctly and so you resorted to gambling. Taking on excessive risk is another sign of gambling. When careful consideration is given to taking on the correct amount of risk, that would be less gambling and more ...

Trading Without a StopLoss

When you place a bet and wait a while to see if you have won, that's playing casinos. When you actively engage in activities that counter the market, that is influencing the outcome.

Trading Without a StopLoss

Yes, I know of a bob on the internet. But he's in a different field and he hated me. Don't know who knobwood is. Others here believes I am someone else on this forum. You believe I am someone else on a different forum. Why do people believe I need ...

Trading Without a StopLoss

Anything that resembles a casino red/black bet is a gamble. Anything that allows you some influence over the outcome is less than a gamble.

Trading Without a StopLoss

The answer would have been apparent if you bothered to read the posts. But since you are only here to argue, I don't suppose it mattered.

Trading Without a StopLoss

Ok captain obvious. I am not going long and short. I am long and short, although the balance is currently skewed to the short side. I see no immediate need for rebalancing. See ? Hedge, what hedge ?

Trading Without a StopLoss

Who said I changed strategy ? I have a new strategy. The old strategy remains and in use all day today. I don't hope. I know. But you don't know and you see hope. That isn't my problem.

Trading Without a StopLoss

Real businessmen adapt their plan when there's is an advantage. jmn5611 is not me. What you are doing is projecting, that you believe other people are like you and do what you do. Unlike you, I don't have a website to peddle, and so I don't need to ...

Trading Without a StopLoss

Are you a professional we should be seeking ?

EURUSD

No idea. But it will keep dropping until all the longs cough up with a loss. If they are going to move the price, they will have to do it for a reason, and that reason will not be for the sake of charity.

EURUSD

But they might do a pull back so quick that if he blinks he will miss it. Also if he puts in a target stop, the pull back might reach within half a pip before turning around. So pull back or no pull back, he could be going to 1900 anyway, where the ...

EURUSD

Does that mean, before now, forex was more like a professional day job ?

EURUSD

I do and will know where it's going. It's going up, then down, then up, then down, then up ...

EURUSD

If we are to run it like a business, then everything we do should be by design and with specific goals in mind. Leaving it to chance would devolve us back to the stage of being stop touting casino players. I don't see any problems in forex trading ...

Trading Without a StopLoss

Mine isn't a hedge. Mine's a doubled-engined cash generator, with potential hedging as a side benefit. I am using a US broker and I have 2 accounts for the 2 way trade. Margin isn't really a concern because a part of the strategy is used for ...

Trading Without a StopLoss

No worries. If I fail, I am certain I won't, I will make realjumper very happy. There's no harm bringing a little joy to the world. The technique has already paid up in long and in short today.

Trading Without a StopLoss

There are't many secrets in business. When they want cheap inventory, they usually go Just-in-time.

Trading Without a StopLoss

Let me throw you another bone to chew on. My experience yesterday of being made to sit out by the moves in gbp had cause me to re-evaluate my strategy. Because I am an action man and need action 24/7, being forced by the market to sit out isn't ...

Trading Without a StopLoss

They are never out of the market. They need to get rid of the shorts before moving lower. You must understand they are there to make money, and they are not there to make you money. A few more days of this and you will find everyone is long. Not me. ...

EURUSD

If you say so. But it makes no difference to my out-of-that-bracket position.

Trading Without a StopLoss