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who is guru???!!!
Membro Desde Jan 14, 2010
2299 posts
Sep 14, 2012 at 08:27
Membro Desde Jan 14, 2010
2299 posts
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.
Membro Desde Aug 24, 2012
152 posts
Sep 14, 2012 at 09:40
Membro Desde Aug 24, 2012
152 posts
Chikot posted:
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.
thank you chikot,
if you can prove the approximate support/resistant level of those trades that i am running in loss then i can rethink about my trades. i believe that the trend is nearly to reverse. so have patience and see
Membro Desde Jan 14, 2010
2299 posts
Sep 14, 2012 at 09:53
Membro Desde Jan 14, 2010
2299 posts
😁 Saeed, the proof is in the soup. It smells bad, looks ugly and has terrible taste. what else proof you need? -280-340 pips under the water, do you think those levels are still holding?
the proof is in your account and also you have -41% in unrealized loss hanging and trends are moving against you. if you think you know something that others do not know trust me. we have seen all of this and you are not different from others with bad trading habits. You are taking positions against the trend without any confirmation that trend reversed, use wide stops , move them when wrong and add to losers. You provide excellent example of how not to trade.
the proof is in your account and also you have -41% in unrealized loss hanging and trends are moving against you. if you think you know something that others do not know trust me. we have seen all of this and you are not different from others with bad trading habits. You are taking positions against the trend without any confirmation that trend reversed, use wide stops , move them when wrong and add to losers. You provide excellent example of how not to trade.
saeedrehman posted:Chikot posted:
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.
thank you chikot,
if you can prove the approximate support/resistant level of those trades that i am running in loss then i can rethink about my trades. i believe that the trend is nearly to reverse. so have patience and see
Membro Desde Jan 14, 2010
2299 posts
Sep 14, 2012 at 10:00
Membro Desde Jan 14, 2010
2299 posts
You need to be patient with winners. not losers...being patient in bad relations is a bad habit. Cut losers let profits run.
forex_trader_29148
Membro Desde Feb 11, 2011
1916 posts
Sep 14, 2012 at 13:26
Membro Desde Feb 11, 2011
1916 posts
95% win ,you gotta do what you gotta do😄
Membro Desde Jul 01, 2011
41 posts
Sep 14, 2012 at 16:40
Membro Desde Jul 01, 2011
41 posts
100% win strategies look good in the beginning, but after a while they create so much DD, it will blow your account for sure. Good money management requires that you stick with your stoplosses. Once set, they should not be moved. They are there for your protection! It requires guts to admit that you were wrong. Close the losing trades and learn from it.
Membro Desde Aug 24, 2012
152 posts
Sep 14, 2012 at 18:36
Membro Desde Aug 24, 2012
152 posts
Merrygoround posted:
100% win strategies look good in the beginning, but after a while they create so much DD, it will blow your account for sure. Good money management requires that you stick with your stoplosses. Once set, they should not be moved. They are there for your protection! It requires guts to admit that you were wrong. Close the losing trades and learn from it.
thank you all for your important comment against my trades.
'every action have an opposite reaction'-- i believe this sentence so i should not close my trades with loss. the projected price of eur/usd is shown in the picture.
i don't believe that i can face margin call because of my small lot size for all trades.
Membro Desde Jan 14, 2010
2299 posts
Sep 14, 2012 at 20:10
Membro Desde Jan 14, 2010
2299 posts
Saeed, I wonder, where is your resistance/supports ends? On the Moon surface? 😲
It looks like that levels where you take positions are never broken and you are always right. Have you had any thought that for example gbp/jpy used to be at 200.00 level and now it is only at 127.00.
You also are a bit shy about your trading experience. Considering arrogance with which you ignore what other try to tell you I believe you are 2-3 years at this business but most probably keep doing same thing over and over.
There is certain kind of people who believe that doing same thing might cause different results.
Of course there is always chance for you to get lucky. But chances are very good that you will get Margin call. i am not very good at margin calculation but considering that your account has 50:1 margin and you was at 40+% Dd of your account I think margin call is not very far.
Regarding small position sizes. For the way you trade your position size is huge. I myself open positions 3 or more times smaller per pip than you do.
with $300 you should not even trade on MT4. Even $1000 would be too little for MT4 trading your style or trading multiple pairs at once. The best solution for you is to open account with Oanda. there even with $300 you can have proper money management.
In any case diagnose for you as a trader is not good.
1. Running and adding to losses
2.Bad money management
3. No patience.
4. No self control.
5. Bad strategy.
6. Too stubborn to admit own mistakes and make improvements
7. Believing that praying will help you in this business. It is Shaitan's business, not Allah's. (bringing religion into trading)
Oh my, it is 7 mortal sins of trading and you got them all 😉
It looks like that levels where you take positions are never broken and you are always right. Have you had any thought that for example gbp/jpy used to be at 200.00 level and now it is only at 127.00.
You also are a bit shy about your trading experience. Considering arrogance with which you ignore what other try to tell you I believe you are 2-3 years at this business but most probably keep doing same thing over and over.
There is certain kind of people who believe that doing same thing might cause different results.
Of course there is always chance for you to get lucky. But chances are very good that you will get Margin call. i am not very good at margin calculation but considering that your account has 50:1 margin and you was at 40+% Dd of your account I think margin call is not very far.
Regarding small position sizes. For the way you trade your position size is huge. I myself open positions 3 or more times smaller per pip than you do.
with $300 you should not even trade on MT4. Even $1000 would be too little for MT4 trading your style or trading multiple pairs at once. The best solution for you is to open account with Oanda. there even with $300 you can have proper money management.
In any case diagnose for you as a trader is not good.
1. Running and adding to losses
2.Bad money management
3. No patience.
4. No self control.
5. Bad strategy.
6. Too stubborn to admit own mistakes and make improvements
7. Believing that praying will help you in this business. It is Shaitan's business, not Allah's. (bringing religion into trading)
Oh my, it is 7 mortal sins of trading and you got them all 😉
Membro Desde Jan 14, 2010
2299 posts
Sep 14, 2012 at 20:11
(editado Sep 14, 2012 at 20:12)
Membro Desde Jan 14, 2010
2299 posts
BTW, once resistance is broken it becomes support and visa versa. 100-400 pips under water the level where you took your trades is gone especially considering you took positions against trends.
Membro Desde Aug 24, 2012
152 posts
Nov 11, 2012 at 17:48
(editado Nov 11, 2012 at 17:55)
Membro Desde Aug 24, 2012
152 posts
Chikot posted:
For small account holder solution is Oanda, trade small account like big one with units based position sizing.
sorry chikot,
i am not looking for a spammer of any broker who tries to advertise about his broker.
i am looking for a 'real guru'
Membro Desde Aug 24, 2012
152 posts
Membro Desde Aug 24, 2012
152 posts
Nov 11, 2012 at 18:54
Membro Desde Aug 24, 2012
152 posts
thank you everybody to post valuable comments about my trades.
i am sorry to come back late to all of you.
as i mentioned before that less than 5% of my trades can go to loss.
according to that strategy i completed 101 trades in which 2 was in loss
and 99 was in profit - shown in posted picture.
i am sorry to come back late to all of you.
as i mentioned before that less than 5% of my trades can go to loss.
according to that strategy i completed 101 trades in which 2 was in loss
and 99 was in profit - shown in posted picture.
Membro Desde Aug 24, 2012
152 posts
Membro Desde Jan 14, 2010
2299 posts
Nov 11, 2012 at 20:35
Membro Desde Jan 14, 2010
2299 posts
I am not a spammer. you are.
saeedrehman posted:Chikot posted:
The best solution for you is to open account with Oanda.
sorry chikot,
i am not looking for a spammer of any broker who tries to advertise about his broker.
i am looking for a 'real guru'
Membro Desde Jan 14, 2010
2299 posts
Nov 11, 2012 at 20:37
Membro Desde Jan 14, 2010
2299 posts
All your strategy is a big mistake. Be grateful it did not short towards 1.3500. you would lose all the money.
saeedrehman posted:
i confess that i had some mistakes in my trades.
but that could be coverable according to current market status.
but the big mistake i had made is to close those trades in loss.
shown in posted picture.
Membro Desde Jan 14, 2010
2299 posts
Membro Desde Feb 18, 2010
86 posts
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