My two cents,
Having stops at 4 pips is crazy. Just crazy. You have to give trades time to play out. How can you expect to win if you have such tight stops?
I’m Telling you man and this again is my two cents. You will never be successful if you expect a trade to be in profit 10-20 seconds after you enter.
Well actually, it depends on the system and timeframe… On the 4 hour, highly unlikely…
But on the 1-5 minute? It is workable.
Reverse it.Have 4 pip TP and SL something larger like 300.You will have atleast 10 consecutive wins, atleast.So if you’d risk everything on those 10 trades, theoretically you could get 1m dollar before a losing trade would wipe it all away :D.I’ve simulated a similar situation many times, but i`m too coward to risk any money on such high risk gambling, and anyway i have some working systems too, so no need for gamble in forex.
Yes man but you are doing all wrong. You keep working on your system but you are losing everything because you get a margin call after another margin call (or huge losses that is almost the same).
You need to work on your psychology. You don’t have to move the SL, never. Accept a small loss. I have a similar problem so I understand you. But you don’t need to go back and improve your system. Your system is fine. Your psychology is not. You need to ask yourself why you move your SL and why you don’t accept a loss. You need to understand which situation and state of mind bring you to get big losses. And you need to learn to avoid it. That is it!
My 2 pipettes 
Absolutely, Im getting it together,
Hey Traders,
Hope everyone had a good week, Im clockin out for this session…
Got back 15%,
Here is my current chart set-up and working to get better with it…
1H chart with 4H supports in blue, with Fibs
5M chart for entry,
That looks quite elaborate. Do you code indicators for yourself?
Hey Kevin,
No, I found these online…
the colored heat map was from, Heat Map MultiColor - MQL4 Code Base
Then the one in the window, trendscalpinc, Trendscalpindic - MQL4 Code Base
2 stoches, Fibs, thats it
The [B]4-hour, 1-hour and 5-minute[/B] is a really good multi-time-frame combination!
Your set-up is starting to look somewhat similar to my beloved 3-ducks.
[B]4-hour[/B] for the big picture, [B]1-hour[/B] for trend and [B]5 minute [/B]for tight entries, nothing wrong with that!
Hey d-pip,
Good stuff, just makes sense to know whats going on, but also keeps me more updated and a nice picture forms of whats going on in the long run…
What I found really beneficial is the 4H supports, or lows before turning upwards, and not so much worrying about high swing points…
It seems regardless if the price is trending up or down, its all about support and not resistance…
*shruggs, might sound odd, but I see it that way…
Keep on pipin Dpip
Hey Kam, Welcome to my thread,
WIth all due respect,
#1, I didnt crash and burn, I lost 49% of my account on 1 stupid mistake, well 2, I added to my loser, which is fixable.
#2, I got back 15% of it,
#3, Its not my entry, Im currently 19-0 on this run, and 53-3 over the entire account from start( 2 same trade, 1 TS Slip)
#4, the Faults, are MY faults
#5, Im definitely under achieving, as my real daily goal should be 25%
I have to fix ME, nothing more…
Have to understand the importance of losing… Its as easy as that.
If i closed that trade, and let it hit my initail stoploss, I would be up 50% overall by now…
Learn the importance of lost time, as much as losing that gripper trade…
And, 10% a month growth is kinda laughable, I made 15% in 3 days…
again, the importance of understanding the value of wasted time…
There is no more clocking out, Im going to be working around the clock now, taking my shots when they are there…
I want 50% a day, hows that for ambitious?
44 days to $100,000,000.00
Lack of ambition leads you no where, an abundance will get you more then none, even at 10% will.
[B]banned*[/B]
[B]reported*[/B]
Actually 15% in 3 days is not that impossible.If you have a rock solid system then you can make as much money as you want with it.The problem is that 99% of the systems dont work, or not always to be very reliable of.I have a few systems some are good and some are not that good, but i`m working on a very decent strategy that i already automatized it.With a few more fixes and i will run it on a demo forward soon to see the results.
And who make 10% in a month? With that laughtable income i`d rather go and sell popcorn at the local cinema for the rest of my life.I mean in my country you get 5% on a normal bank deposit, so why do forex then.BUT if you do forex then you must have a big goal, so keep it up [B]MoneyNVRSleeps[/B]
and dont give up your project, but also be careful with those losses.I know for a fact that forex is more than just 10%/ month, it should be 10%/day ,and i will prove it soon
EDIT: For the question who makes 10%/ month, its easy to answer, banks maybe accept that, because they manage billions of dollars of cash, so then minimize the risk as much as they can and end up with 10%/month, but 10% of a billion is way more than 10% of 100$, so if you are a retail trader and you only have 100-5000$ to invest, then you can risk more since you lose less if you lose and win alot.
It was a joke Dude,
If i didnt want criticism, i wouldnt of even posted, i would just sit in the shadows and read the forum… But i didnt, i came back and updated that i FAILED again…
Yeap, Im a gambler… But i dont like casinos, dont play blackjack, dont play cards, Holdem once in a while, good at it, my former bout with gamblin was Horse racing, and havent watched a race since Sept 26th 2010, the same day I found Forex…
But you know what, I was really good at winning in that too… But Handicappin races is more of a, “Sit back and relax and have fun time”, not a lifestyle, or get rich quicker type venue… Which Im looking for, BWHAHAHA…
For sure Proximus, Realism is whats implanted in peoples heads as average.
YOur a piece of ****ing dog ****, no leave my thread you ****
Hey man, its a great day for me, I dont want to get into this BS,
Lets just see what happens…
It could be worse, I could of went to college for 10 years, HAVE to pay $240,000 in school loans, just to end up working at wallmart…
I said this before, if it take 3 more years to “get Lucky” then so be it…
Im getting better every day that goes by… I just have to nail this last problem down…
I quit smoking almost a year now, that took 15 years to do…
Lets see what happens,
Thanks for your input and drive, and more kindlin to my fire,
Have a Great Weekend
My ego has been exposed since post 1 of this thread, I have no problem with that,
I have anger turrets, the good thing is, it just takes 10 seconds to regain composure…
It looks better without the stars (***), lol
Man, its all stoploss control, can we agree on that much?
Can we agree, that if I learn to Leave it the Fk alone, I will be successful?
Probably not, lol…
Dude, i agree, the fantasy value is high in this thread… But its possible…
With proper trade management, the sky is the limit…
I think big, outside the box… I cant do what everyone else is doing, because everyone else is failing…
Hey, it might be about getting lucky, just like the lotto, you have to be in it, too win it…
But luck isnt “a fall from the sky” element, luck is developed…