So where is that simple method I promised in my first post and where is money management? Here they are, but give a 15 to 20 minute smoke break.

All About Money Management

I don't know what market did, but I did these two things: 1. Enter / Exit at appropriate time, except one trade where I put a tp and went to bed. 2. Money Management. The tactic used this time was to have tight sls at key levels.

All About Money Management

How sure you are that my third wife was born in Iraq, raised in Iran, educated in Pakistan, had job training in Russia, worked in Syria and lives in the United States?

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We may see 1.2427 before London opens.

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Partial Shutdown, as always.

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Give me the Post Number, Date and Time of the post and I will dig it out for you.

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What about midnight tonight? Something is gonna happen here in the US too.

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Welcome Bass

All About Money Management

This is new thread and yet to set its tone.You people will take it forward. What a coincidence. Your point about how shorter and longer periods affect money management was touched in preceding reply. You have a very good point. One cannot separate ...

All About Money Management

This is a trap for starters. They see a trader taking 1% risk per trade and blindly follow this rule without checking if that trader trades on Daily or Monthly time frame and takes how many trades in a month. A person taking 5 trades a month with 1% ...

All About Money Management

Currently Eur/Usd is around 1.2450. If it parks 50/60 pips above this level for London Open, a quick short is worth taking a chance. The point is, no risk unless the time is right. Yes, a small trade or a small pending order is alright, but no ...

All About Money Management

This is what I did today. Closed usd/jpy short at noon EST, that is, one hour after London Close and 4 hours after NY open. As mentioned earlier in one of my previous posts here, timing is very important. In the afternoon, opened a small long (lot ...

All About Money Management

alone?

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Five years ago, I experienced 52 consecutive losers. That means there was not a single winner until I got stopped out 52 times. Using your risk tolerance level of 5% risk per trade, I would have been flipping burgers at Mc Donalds until this day.

All About Money Management

Why 5-8% and why not 4-7% or 6-9%?

All About Money Management

I am talking about your own money and not other people's money.

All About Money Management

As I mentioned in the first post, very little technicals and price level predictions have been left for gods to work out, .................they are doing very little up there and need some work.

All About Money Management

Now let me explain the philosophy of this money management method. 1. Not always, but most of the times market makes very predictable moves and goes in the direction of key fundamentals. However, the path it chooses in doing so is very choppy. ...

All About Money Management

Here is our trade at the moment: Don't look at the position size. It is a demo account for testing and I never checked the default lot size before taking the trade.

All About Money Management