Im trying to find a way to see wich is the best place where to place the SL when u trade at support and resistance. I need some help. The question is always if the price comes back and the SL was in the right place?
Right Wrong Right Wrong Right Wrong 13 replies
Price Action - Right To Left Or Left To Right? 4 replies
Can A script place more then 1 pending order 4 replies
Newb at the right place and the right time 1 reply
How can I place MA and Bollinger Bands on the RSI? 2 replies
DislikedIm trying to find a way to see wich is the best place where to place the SL when u trade at support and resistance. I need some help. The question is always if the price comes back and the SL was in the right place?Ignored
Dislikeda stop loss is guaranted to be hit, so just be sure how much you want to lose.
repeat until your account is wiped out.
Not trying to be facetious, any move from A to B is caused by traders losing money. Just remember that.Ignored
DislikedWe're all glad that you've chosen to give up after getting frustrated with your moving average crossover strategy, but it would be nice if you didn't go to every thread just to dump a load of butthurt. It's nothing more than whiny - if trading is impossible, then why are you still here? Misery loves company and trying to recruit?Ignored
Dislikedmoving average crossover strategy -Is that how one becomes a forex millionaire?Ignored
DislikedThe statement was tongue in cheek - but I see you here on this forum and all you ever have is something negative to say, and honestly I can't comprehend why you would want to even stick around if you're so disillusioned with trading. You assume that because you couldn't do it that nobody else can either and that the market is out to get you personally - how else could you justify saying something stupid like "your stops are guaranteed to get hit"? That's absolutely assanine and you know it as well as I do. Are you angry because you tried everything...Ignored
Disliked1) Stop losses guaranteed to be hit. Ok, fine not all the time, only most of the time.
2) any move from A to B is caused by traders losing money ==> that is a fact. (see 1)
The price will move so as to cause the maximum damage to the greatest number of positions. Granted of course that a few (very few) positions will be winners..Ignored
DislikedAny move from A to B is caused by 50% of weighted positions gaining funds and 50% of weighted positions losing funds; whether the nature of those purchases are speculative are up for debate as well. But it's already well know that trading is a zero sum game, negative sum when including spread fees. No surprises there! So it's very easy to point out that with any move half of orders will be winners if it takes a sell to fill a buy and vice versa. Money isn't just disappearing into a black hole.Ignored
DislikedThe big picture:
Money is disappearing from the greatest number of accounts that the price can reach caused by standing orders in the market. Like I said, some operations will be possitive at the time -- but over time, never the same accounts. Therefore, at any given moment you will have some accounts that are super winners due to chance.
Not a zero sum game as the money relentlessly trickles from traders's accounts into the brokerage firms and other costs.
The broker's firm sky scrappers don't build themselves. Millions upon millions moves from...Ignored
DislikedIm trying to find a way to see wich is the best place where to place the SL when u trade at support and resistance. I need some help. The question is always if the price comes back and the SL was in the right place?Ignored
DislikedIm trying to find a way to see wich is the best place where to place the SL when u trade at support and resistance. I need some help. The question is always if the price comes back and the SL was in the right place?Ignored
DislikedThe markets are run by human behavior and always will be, and as long as we don't change the opportunities to profit from that behavior will always exist.Ignored
Dislikedthis advice won't be well received but dont use a stop at all imo. if you are trading S/R and price moves against you, it should be pretty clear what needs to be done. if you absolutely have to use a stop, some statistical mean of PA should be adequate but may make a loss wider than necessary. take more care about where you enter and dont allow some OTC broker to stop you out when (not if) they manipulate the spread in their favor.
except, of course, when they are being run by algos designed to exploit human behavior.Ignored
DislikedWhich was written by a human and still follows human rules. We've had computers for a couple of decades playing a big part of the markets, yet the structure of the market has remained similar to what we saw in the 1920 and 1940s.Ignored