Quote:
Originally Posted by simonsmart
what is market goes up 1000 to 2000 pips in financial crisis? look at the history
from 1995 how many time it happen.100 to 200 stoploss is nice. but what is your risk to make 100% in a day? if lose few trade will be -100%.I don understand your money management. if you use 10% each trade for 5 to 10 trades... all hit stoploss your account balance is blow.we do know want to know blowing strategy
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The key is I understand my money managment and thats why since the age of 17 to now 45 I have invested it on my own. I have never blown up an account in forex, stocks, bonds or commodities and its always real money, not demo. The reason for this is real money makes you trade only when you know where the price action is going.
I never risk more than 2% of my account on any trade thus when I say I make 100% on a trade I mean it to be 100% on the 2% risked. If thats not how everyone in here trades then quit now. So if you are crazy enough to risk 10% of your account on one trade you got big, big balls!
I do not only use ABHA to take a trade I draw Fibonacci and use pivots along with Semafor and corellation. Read all my posts. If I were using a stop loss I would add COG at the 125 Bar setting and set my stop 20 pips below or above the Yellow line. On all trades so far I let the price retrace beyond the extreme Green or Magenta line before setting up a Limit order. If it repaints I repaint my limit with it ( That should shut up the repainting people ).
Imagine We get a good indicator and from most of the posts instead of trying to learn to use the indicator all most of you seem to do is just try to bash it! I have been in many forums and if I do not like a indi I just don't use it, I don't bash and whine about it. We have become a nation of whiners instead of winners, what example is that for our Kids.
Gody6000 I thank you for this great indicator and do not let the null, nay sayers get you down or prevent you from posting.
Mike
