Why don't you just monitor your trade till Breakeven, take off half your position and trail the rest ? That way you have won on half & B/E and maybe some profit on the rest. Then go away, do something else.

help me to get detached from trade

I have 3 books by Steve Nison, Japanese candlesticks Charting Techniques, Beyond Candlesticks and The Candlestick Course. The last book he gave out free at his Seminar with a book of his slides that he used on the day and I got it signed by him at ...

Q on CandleSticks and Nisson.

There are brokers who do web based MT4 platforms, search for them.

Flash trading website

Heres a site that has an incredible amount of economic info, I must have picked it up on another thread somewhere.. url I think you will like it.

Free info on economic indicators

Fundamental Analysis is the analysis of Fear & Greed in the markets. Technical analysis is the tools to measure and quantify that. Technical analysis is similar to weather forecasting, because of historical such & such condition it is likely to snow ...

Forex economics-my conclusion

I also think you are under capitalised, your trading capital may be too small to start with and what it is, killing your account may be Leverage. You may also be very unrealistic with your trading profit expectations on the small trading capital and ...

Fear of loosing

Markets are all fundamentally inter-correlated. Driven by market sentiment, when the Risk appetite is high ( people feeling confident in the market ) people invest in equities, stock market goes up, Oil , GBP & CHF go up , USD & JPY fall. People ...

Forex economics-my conclusion

What Nison also stresses on is not making improbable entries, using Candlestick patterns ie. Buying into resistance and selling into support. What you could do for exits, is tightening your stoploss when the market is "exhausted" in a trend, dojis, ...

Q on CandleSticks and Nisson.

1. You don't need to know every single candlestick pattern, just the main ones will do you. The descriptions will be the same. 2. Forex candlesticks he has more "relaxed" rules for patterns. Especially reversal patterns. He uses them to define ...

Q on CandleSticks and Nisson.

From what I gather, you place a trade & you are in profit initially, then price retraces back to your open price and you panic as you see profit vanishing. Maybe you are either trading with a lot size larger than your account can handle and/or with ...

Fear of loosing

Personally I would not add to my position once in the trade, I would rather be taking profit off in stages. What if in Trade 1, the price rebounded back upwards ? You don't know if the second profit target will be met. At least the first portion was ...

Trade Management

I don't trade daily or weekly timeframes, but here goes... The rules are the same for any TF. First you measure the stoploss distance to your entry and look at your possible targets, previous support, resistances etc. Now if your account size and ...

Trade Management

Surely this point is going to be different for every trader. You should have tested your trading system and seen at what levels of profit that you may move you stoploss to break-even. This will depend on which instrument, timeframe, your risk ...

Trade Management

THis thread discusses just that url

Risk Appetite

From what I understand by the title of the thread is that you want to know the range high to low of each candle ? I have this indicator ( I can't remember where I got it from ) that does just that. Just place your cursor at the line of the indicator ...

MT4 Candle Size (Low-High)

You want to be trading the action at the start of the market open, but be careful of news, usually around 8.30 am EST. Just make sure you understand what timeframe your MT4 platform is in relation to your own time. Best is to draw a vertical line at ...

I cannot figure out timezones. Help!

Are you looking for a Fib expansion tool, as per your description ? You will have to add this to your toolbar, by doing the following :

Alternate Price Projections with the Metatrader fibo tool

It shows the time frame on which the Ma's are in that order. Green Circles for uptrend & Red Circles for downtrend. Im sure he is still around.

MTF EMAs Multi Meter

I think this is Hector trading system, looks similar

MTF EMAs Multi Meter

Just to simplify things : 1 US Dollar = 90.00 Japanese Yen ( USDJPY ) The base currency ( first one quoted think of as what One unit will Buy). So if the dollar rises in value or Yen falls, you get more Yen ie. 91.00

a very noob question so confused