some trading software has automated if target X is hit then activate trailing stop at whatever pips below target, which is what u maybe looking for .but Note Entering automated trailing stops at wrong time can result in a profit or a loss. What I ...

james16 Chart Thread

I'm by no means a seasoned trader, I've read on this thread over and over again "never let a profit turn into a loss" I thinks its one of james rules, but if its obvious, then do it! Lower your targets. If you keep just missing then you will get ...

james16 Chart Thread

how not to trade — I think knowing how not to trade is just as important.I stopped out on first, I managed to break even on second in the NZDUSD but looking back one can see my entry points marked with X were totally wrong. A pin formed on the ...

james16 Chart Thread

GBP/USD on fire — Anyone following GBPUSD? It broke the 9 month high and psychological levels of 1.6200 possibly heading for the 1.6700's its high around this same time last year.

james16 Chart Thread

thanks i think i got it, i was trying to buy in when the price was already at its highs setting up my self for a loss..good thing i set small profit goals until i get the hang of this. For some reason I keep making that error of buying high and ...

james16 Chart Thread

I was watching the USDJPY its on 80.86 and a double low higher close formed on the daily yesterday, and 8 hour i entered today and gained 30 pips and I took pofits and exited now its retraced the gains. How long does anyone think it will gain more ...

james16 Chart Thread

I too could ask myself that question all day long. Its may be best to just ask him that directly. If you think babypips or any other forex teaching forum has helped you become a better trader, then why be here? I don't have a clue who James is, ...

james16 Chart Thread

I agree it makes sence what u say its just way too much to process..I guess my question is more like asking why the sky is blue or why the earth is round..who knows...I'll just stick with what works. Many thanks to you guys here...i took quite a few ...

james16 Chart Thread

trading news releases — This is an off topic but just a quick question for experience traders. I am new to trading, but I've been following the james16 thread for years. I've been observing news trading lately, however I do not trade on news ...

james16 Chart Thread

blah blah blah blah blah! bloody pip MUTT! my nonsense works!!! it has everything to do what margin calls. i dont give a shit what u think! my live account is up 28% and I've never had a loosing trade, say what u will ROOKIE! Post hidden because ...

Lot size and margin call

huh??? You could find stuff fundamentally wrong with every post pipmutt, but thats your opinion.This is America, I'm free to have my own opinions. Your way is not the only way pipmutt, we are all here to learn, without stuffing a sock down someone ...

Lot size and margin call

Risking too much is was probably just one part of the problem people have. The other is using those crazy high leverages. 100:1 and 250:1 are double edge swords, if your broker does not offer lower leverages for starters, I'd find someone else. Mine ...

What helped you the most to be profitable?

The biggest thing for me was changing my forex broker after blowing my account because they only had set lots minimum of 10000units...an easy way to blow a mini account. after that, setting take profits at specified targets on all trades 20 ...

What helped you the most to be profitable?

stay away — I would say if you find you are impatient, stay away from trading for a few weeks or months until you can think with a clear business mindset. Impatience and emotional trading would just suck your account dry.You would keep trying ...

how do you improve patience

I'd be wary of brokers which offer high leverage,and fixed 10000 units those are normally a double edge sword resulting in margin calls on mini accounts, been there, done that. I switched to Oanda. Their max leverage is 50:1. I on practice account ...

Lot size and margin call