There is no right or wrong way to trade the markets, whatever works for you is all that matters. For the way I trade, well positioned stops are essential as I scalp mostly. Again, that is what works for me.

Trading Without a StopLoss

Then again, I've just had another look, going off the 4hour charts I could take a position at 1.6398 with a 30 pip stop...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I generally make the same positions on my two accounts, I just set up orders and leave it to let the market do her thing I'm going to short GU at 1.64 next week, but with the stop loss required, I won't be taking that position on my high ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I made most of the gains not last week, but the week before (18th-22nd), I took a pretty heavy loss percentage wise on this account but bounced back the next day, see the dip in the chart the psychological level of 500% has my name all over ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

My growth chart is looking a lot like a chart with support and resistance, I am at resistance now and next week I should break through Currently +415.14%, up to £316 from £61.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Most definitely, my general rule is 2 strikes then out.

Spider's Den

Part 2; video

What kind of music you hear while you trade?

1, Wrong mental approach and lack of patience. 2, Low confidence in their analysis. Which gets even lower when they take a loss. Then they get angry and take a rash position, making a bigger loss, repeat. 3, They view the charts the wrong way. 4, No ...

5 Reasons Why Traders Lose

Currently got this on; video

What kind of music you hear while you trade?

I'd like it to drop to 62885 where I've got a buy order waiting Yesterdays bullish daily candle opening price lines up just nice.

Why Simple is better in trading and Complex is not

Current price action on eurjpy, the 138.75 area could provide a good opportunity to get back in long if the market drops from its current level, for atleast a 1:1 position.

EurAnalysis

I wonder, if you had made a loss instead of a profit, would they have been so eager to start an 'investigation' and come up with an excuse? OF COURSE NOT

Can't get funds from my broker

Looks good, that pair looks to have just broken out of of a bullish flag pattern Hows your AUDUSD long coming along?

Why Simple is better in trading and Complex is not