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riclater211 replied Apr 3, 2018The following is my theory for this month on the pairs I look at. Before you ask, I am not going to analyze every pair in the world. I stick with USD majors because of Margin requirements & Low spread. I live in the USA and cant hedge and we have ...
SAFE - KISS
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riclater211 replied Apr 3, 2018I was thinking the same thing. IMO either JG is trying to troll or just does not really comprehend what is going on. -Ric
SAFE - KISS
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riclater211 replied Apr 2, 2018Inceptionist has the right idea. But in order to do what he suggests, you need some serious education. The fact that your asking what your asking suggests that you may not fully understand the risks involved. Some months you may lose money, some ...
How to invest $100K?
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riclater211 replied Apr 2, 2018What I mean by "study and work hard" is understand what you are doing. Know what the indicators you want to use mean and how they work. Get to know the behaviors of the pairs you intend to trade. Know what each news announcement means and how it may ...
How do you deal with your losses?
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riclater211 replied Apr 2, 2018Just want to add my 2cents and I know its already been posted but the real truth is you do need both. It also depends on the TF you use. The understanding of fundamentals is necessary because any unexpected news can disrupt Technical analysis. On ...
Fundamental Trading Always beats Technical Trading 100%
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riclater211 replied Apr 2, 2018It is just the cost of doing business. Win some, lose some. As long as I did not make a mistake in my trading method there is no fault. Every trader takes a loss. Every trader has to learn that taking a loss is part of business. When I take a loss, ...
How do you deal with your losses?
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riclater211 replied Apr 2, 2018Ralffe has mentioned his win rate several times yes. Not to take anything away from him but a 90% win rate does not mean anything. I can win $1 90 times and lose $10 10 times and I would be unprofitable with a 90% win ratio. Last year I was around ...
SAFE - KISS
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riclater211 replied Apr 2, 2018The OP suggests that your initial trend line not be to steep. "Steep" is subjective but you look at like a hill. You want to start of on a slow roll and then build up momentum as you go along. It will take some practice but I'm sure you will get the ...
SAFE - KISS
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riclater211 replied Apr 2, 2018I have went in and marked up an image on my charts to show how I WOULD have done it. Note I currently have no live trades with this particular style, however because I trade a similar way, it was easy for me to understand. If you have patience and ...
SAFE - KISS
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riclater211 replied Apr 2, 2018The problem I see on this site, as well as many others, is people believe they can find a way to filter out loses. Simply put, you cant. You can not avoid loses. Period. If nobody lost, nobody would win. Forex is a zero sum game. You have to lose ...
SAFE - KISS
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riclater211 replied Apr 2, 2018You may want to re-read and practice some more. Although I have been trading a similar style, almost the same actually except I did not move the TRs at all, and I must say going back it would have saved me from some bad trades. Indicators are all ...
SAFE - KISS
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riclater211 replied Mar 29, 2018On my Windows 10 PC the memory it takes is roughly 120 MB, depending on your system that could be a lot or a little.
OANDA Discussion
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riclater211 replied Mar 29, 2018The best advice/rule I can give is to treat trading as a business. Trading is not a game. Trading itself is easy, controlling yourself is not. Trading Forex, well trading any market really, is a catch 22. We always hear to trade without emotion in ...
Trading Rules