Well, coming from my experience, when I removed my stop losses, I was able to meet my targets more often. There were many times in the market on which the price would have a sudden spike up (or down) that would cause my stop losses to be triggered, ...

Trading without stop-losses

I think DDs are only recorded once trades are closed. For improvement, FF should also include the stat called Maximum Adverse Excursion (MAE).

Trading without stop-losses

Interestingly, when I stopped using stop losses, that's when I became totally profitable. Not only that, I've dismissed the idea of risk-reward ratio. And so far, it made me recover all my losses and come back to winning form.

Trading without stop-losses

Suppose BoJ intervenes at 105, how will the price jump up?

USD/JPY Discussion

Well I just hope the weekend gap won't hurt further come Monday's opener.

USD/JPY Discussion

Is a trip back to 107 a realistic shot before the weekend? I opened a short at 107.9 yesterday. Hurting me now.

USD/JPY Discussion

In my first months, I relied mainly on M1, M5, and M15 charts. Then I read a good advice of trading the daily charts (or even the week charts) to reduce stress. When I applied this, I became more profitable. I adjusted my SL from just 10pips to 100 ...

What chart do you use? (M1, M5, M15) Does it make a difference?

This. When I was new to trading, I never paid attention on the idea that it is a psychological war. When you actually clear your mind, unlearn what you have learned like a Jedi, and understand and accept the risk involves such that an opened trade ...

What helped you the most to be profitable?

The concepts that helped change my trading are the following and they are SO simple: 1. Trade the 4H or 1D charts and NOT those in minutes. 2. Have a defined TP and SL such that TP>SL and don’t adjust it no matter what. 3. Lot size should be such ...

What helped you the most to be profitable?

I was about 2 months into trading when I deposited a thousand dollars. Then I lost the money in about 3 weeks. Really hurt me. So I took a break from trading, about 11 months and then went back to it. Since then, I’ve been quite on a roll. Not a ...

Did you take time off from trading?

Hey Andrey, I'll consider that the next time I withdraw and get back on this thread, Thank you!

XM

Hey, I hope some people could help me here. Cant open a topic so I’m posting mine here. Im new to forex. My broker is XM and I’m trading from the Philippines. I already got my initial deposit withdrawn back to my credit card, which is good, got zero ...

XM

Before opening a trade, I have already set a target price and a stop loss. I will then set two identical trades, both having the same volume, opening price and stop loss, but one has a take profit while the other has not. Once the TP target is ...

approaches to locking in Profit

I believe in the philosophy that trading shouldnt cost us excessive mental and emotional energy that it dwells in our lives every single hour of our day. The money should be the one working for the trader and not the other way around. If trading ...

what do you do while waiting for a good trade ?

My biggest mistake is not putting stop losses. Even with pending orders, i usually overlook this. Learning now.

Crazy/Stupid mistakes you committed during trading

I have bought some for the pair of USDCHF recently. Got some profit but i wont recommend it though. Very risky so im keeping my volume sizes low.

The CHF tsunami - 15 January 2015

I only check the market once a day for 5 minutes, searching for a profitable trade. If no trade is found, I would go with my usual. Enjoy time with friends, play basketball, watch TV series and movies and read articles on the net about sports, news, ...

what do you do while waiting for a good trade ?

I average 8 trades per week but only one runs for the entire week or 2. The rest lasts for just 1 day which are mainly from retracements and corrections of the main trade that I have for the week.

How often do u trade?