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  #11 (permalink)  
Old 11-03-2009, 11:13 AM
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Join Date: Oct 2009
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Default hi

yes i agree
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  #12 (permalink)  
Old 11-06-2009, 11:02 PM
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Join Date: Jul 2008
Location: Los Angeles, CA
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Quote:
Originally Posted by huntsman View Post
I have just done an experiment in case this scenario is peculiar to the GBP/USD. I selected something quite different and went to the 30 min on EUR/CHF and waited until it deffinitely was headed upwards, placed a Buy, and it instantly showed -5.10. it did eventually go positive, but in a slow market like that if I had a stop loss of 5 I would have been stopped out immediately.
What's your broker's spread on the eur/chf? By definition, when you enter a trade it 'goes against you' in that your broker is charging you a commission to place your trade on an exchange. Your broker credits that commission to your account as soon as your trade is entered, hence you being in the red every time.
As far as your other problems, they can most likely be corrected with the proper use of a stop-loss. Or, if you like the wild swings you experience playing without a safety net, you can just enjoy the ride.
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  #13 (permalink)  
Old 11-06-2009, 11:11 PM
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Quote:
Originally Posted by huntsman View Post
... but in a slow market like that if I had a stop loss of 5 I would have been stopped out immediately.
and this is not the proper use of a stop-loss. more like shooting yourself in the foot.
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  #14 (permalink)  
Old 11-07-2009, 05:43 AM
 

Join Date: Nov 2009
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Thank you for your helpful reply
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  #15 (permalink)  
Old 11-07-2009, 08:20 AM
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Join Date: Mar 2007
Location: Perth, Western Australia
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I have read thro all of the posts.

Now I am a retired school teacher, so I say that your move to do the Babypips school is the best thing you have done so far!!

I also give you a 2nd piece of counsel.

When you are ready to demo trade again, pick a brand new strategy.
(dump the old one).
And this time, pick a strategy that suits your personality and one that you like.
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  #16 (permalink)  
Old 11-07-2009, 09:36 AM
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Join Date: Nov 2009
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Default Do all of the school

All of it



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