[quote=pipmutt;5651272]lol, it seems now you're just arguing for the sake of it. Honestly, if you can't understand the basic premise that in order to profit (or lose) you simply need to have a net position either long or short, it's an unavoidable ...

No SL No Leverage Strategy - working so far

Personally, I cut my losses short and let my winners run so I am not really interested in a -2900 pip situation. You will have to expand what you mean by monetary benefit. I think you are referring to a relative concept. I am not that interested in ...

No SL No Leverage Strategy - working so far

Sorry, I only picked up now that you did reply to my second question. As far as I know to close a position you could become flat in the sense of not having any position at all and therefore you are not necessary net long or short.

No SL No Leverage Strategy - working so far

So are you really saying time has absolutely nothing to do with it? Is that why you simply ignore the second part of my question? This seems to be a contradiction. I gave you an example of a hedged position. Context won't change anything according ...

No SL No Leverage Strategy - working so far

I fail to comprehend what value your point has. It states the obvious, which means absolute nothing if context is not considered. I mean is profits / losses not made precisely due to the dynamic nature of fluctuating between these various states? ...

No SL No Leverage Strategy - working so far

Yes, if you take a static view i.e. at one point in time. A dynamic view, a whole different ball game. Point is, we live in a dynamic world, not a static one. Show me the flaw in having locked in 2900 pips profit by being short on EurUsd at 1.59 and ...

No SL No Leverage Strategy - working so far

You will have to consider context to come up with reasons. Does not make sense to hammer on an issue in isolation. Some things that do not make sense in isolation, makes plenty of sense once seen in context. How can one component of a strategy take ...

No SL No Leverage Strategy - working so far

Yes, difficult to understand the logic. So you open your one position with stop loss, you go in drawdown lets say -50 pips for argument sake with 100 pip stop loss. You have less than nothing, because you have a negative position and pay swap in the ...

No SL No Leverage Strategy - working so far

If you had two positions, close one position, how is this less than nothing?

No SL No Leverage Strategy - working so far

It's been explained to you and others numerous times but you still fail to grasp the simple concept that if, with the same currency, you buy something and sell an equal quantity of the same thing then in effect you have.....nothing! [/QUOTE] This ...

No SL No Leverage Strategy - working so far

Problem as I see it, is that one do not have knowledge of what proportion of retail traders use stop losses. From a mathematical or statistical perspective it should be sufficient though to show only one extremely successful trader that do not use ...

No SL No Leverage Strategy - working so far

I suppose one can reason that majority of retail traders use stop losses, but according to some statistics 95% are not profitable. The implication is that those that do not use stop losses has then a higher success rate (even though there are also ...

No SL No Leverage Strategy - working so far

Yes, very probable Graham has 'n sell position open in 1.59 region for EurUsd and a buy position open at 1.20 region. What is wrong with a 3000 to 4000 pips floating profit, especially if you closed several 1000 to 2000 pips positions in between? ...

No SL No Leverage Strategy - working so far

Great idea, I am also game for a Daily charts thread.

Trading Made Simple

Thanks Piprac. I Usually take trades about an hour before the close of the daily candle. Only reason is that my Daily Candle close at midnight local South African time, which is about an hour to late for my liking. My other important criteria is no ...

Trading Made Simple

Love the Daily candles — On the Daily charts I only looking for good TDI angles where the green RSI cross over occurs above 50 for shorts and below 50 for longs. Preferably RSI also pierced blue volatility bands before cross occurs. My stop ...

Trading Made Simple

First trades — Nexas, I have completed my first trading session using your methodology. I like the simple, yet powerful premise it is build on namely the bare minimum of indicators to ensure you trade with the trend. The range bars also seems ...

Nexas's Intraday Range Bar Trading

GbpUsd Long — Moved GbpUsd long to BE

Trading Major Lines

Thanks Cfabian and Nomask. Yes, died at BE but still good feeling though when cost is minimized.

Trading Major Lines

EurChf Short — Weekly close below 1.20 Engulfing bar on 4H at 38.2% retracement level of weekly. Pin bar on 5 min at 38.2% retracement level of 4H. Moved to Break even.

Trading Major Lines