Your choice to trade how you want to. You could pull off a nice trade here and there, after which decrease leverage and be okay. However, over-leveraging is very much like gambling. How many people win the lottery? Most people lose...

1 year profitable trading goal

Okay. The thing is too... I also totally disagree with this way of trading, and think it is a very bad idea. I have also traded this way. After a few blown accounts, it just fosters a gambling mentality. Since it is easy to say to yourself, I don't ...

1 year profitable trading goal

Okay, then. So the context of the conversation was what leverage we are using. If you never load your account, and just use the balance as the SL, or always just use max leverage, why even post about this? Who knows what risk parameters you are ...

1 year profitable trading goal

My comment was not to say whether it is okay or not.

1 year profitable trading goal

If you enter a trade using the max 1:1000 leverage, you will blow your account if price moves 10 pips against you. Even if you only use a few pips SL, it doesn't give room for any losses before bye, bye account... Edit: not to mention, you'll be ...

1 year profitable trading goal

yea, I'm hoping for a bullish weekly close tomorrow. If so, I think at least 1.04-1.05ish target. I like your 1.06 better, if it can get there

1 year profitable trading goal

Sensible post. Not sure if there is much here to "disagree" with, an accurate description of current situation. The only thing I might add, is the USD "strength" is not really much to base anything on, mid-to-long-term, imo. Since, as you mention, ...

1 year profitable trading goal

welcome! added you to the list: url

1 year profitable trading goal

maybe the USD rally will carry it up? who knows? But if so, then I'm happy, since it also means my UJ trade is also probably going up hope your trade works out

1 year profitable trading goal

Whatever works. I used to think I was an intra-day trader/scalper and that's all I'd need to do. But a professional trader with 20 years experience asked me, why would I limit myself to only making money by short term intra-day trades? Why not make ...

1 year profitable trading goal

I have greatly decreased my leverage to average about 2:1. This is why I am green in pips, but not quite yet overcome draw-down. But getting close... Regarding hedging, I just look for setups. The hedging occurs automatically. For example, if gold ...

1 year profitable trading goal

I just like the reliability of the weekly/monthly. It is much more likely for trades to work out, just takes longer sometimes. And I could just as easily point out my gold/silver winners this week, I remember visiting the gold thread, and many were ...

1 year profitable trading goal

yea, anything is possible. But I don't over-think things. I look at trend on weekly/monthly. I look at HHs, and HLs. But with gold/silver, I also look at fundamentals a little more, that overall market fear. I don't see that going away any time ...

1 year profitable trading goal

Hi Fisher, thanks for the input. For me, gold is an investment/hedge. If it start falling hard, I will hedge with USD. However, I don't see any threat at all to uptrend longer-term. For gold/silver in terms of direction, imo the daily chart is not ...

1 year profitable trading goal

Here's the list of participants as of today. I didn't remove some who have discontinued their TEs, to give them a chance to see if they want to continue... url And btw, I don't always get to all the posts, so if you've requested entry, or expect a ...

1 year profitable trading goal

Difficult question. Depends on what time frame you are looking at. As far as intra-day, if you have small targets, you could pick just about anything with tight spread. Even Ucad, if you are only going for 5-20 pips. For me, I focus on higher time ...

1 year profitable trading goal

Hi Teton, It might not be that you are horrible at picking trend, but rather sometimes there is no trend, or price is in a range on higher time frame, which means lower time frame trend will change quite frequently. For example UCad is in a range on ...

1 year profitable trading goal

Well, totally up to you, and what you are comfortable with. I don't really think it matters for longer term trading, above 1 hour charts. But for intra-day, you probably want the pairs with tighter spreads.... Edit: for me, I have about 8 ...

1 year profitable trading goal

Hmm... something I hadn't noticed before. It looks like a perfect bounce off the bottom channel, which is a good sign for bullish view...

1 year profitable trading goal