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LinkBack (57) | Thread Tools | Display Modes |
12-16-2006, 10:13 PM
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12-16-2006, 10:17 PM
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12-16-2006, 11:13 PM
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I believe Simba mentioned that he does not use a stop loss.
My dad demo traded for 2 months aggressively without a stop loss. He did quite well, winning more than 70 percent of the trades. He told me that stop losses simply lead to losing. Then he opened a $500 mini account. On the second day of trading his real account, the market suddenly went 200 pips against him and wiped out his account. Luckily it was only $500 and not his retirement fund.
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12-17-2006, 12:52 AM
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Nice story, raj ...
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It remind me again about the importance of stop loss 
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12-17-2006, 02:09 AM
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its not only yur dad raj...it happen to many people throughout the world in this crazy market...people had used risk/reward/money management approach since years & if this is not important, i bet the people wouldn't mention it. But for new trader, it seems that they "know" everything rather than listening to the experience trader. Once this market go opposite to their direction, that's time lesson come & it is a bad lesson. "Wise Man Learn From Other's Mistake" regards.
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12-17-2006, 03:02 AM
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downloading indicators
I'm new to this forum and I really appreciate this system. I am having soooo much trouble finding out how to download the indicators and putting them on the charts. Once I download them, Metaeditor pops up and I have no idea what to do from here. I compile, but they wont show up on my charts. Can anyone help me out and give me step to step analysis? It would be a good help and thanks so much. this is my first time downloading indicators. THANKS
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12-17-2006, 07:46 AM
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Hi folks,
I am fascinated with this thread, good work simba !! I have been following the MTF threads for some time and this is one of the better ones imho. Cant wait to see what the new ones look like. Go simba Go! Re... "Wise Man Learn From Other's Mistake" A wise man will also learn from his own mistakes.
__________________
Good trading to all............... fairwind
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12-17-2006, 10:36 AM
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Hehehe..hohoho...hahahahaaaaaaaaaa
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 HEEEEEEEHEEEEEEEEEEEEEHEEEEEEEEEEEEE...HOHOHo..HAA AAAAAAAHAAAAAAHAAAA..oh you realy made me laugh.Oh my God not again..you try to drag me to this nonsinse now so enough..i'm not answering you any more caz i don't have time to lose like you better trader..oh no here i go again HAHAHAHA..HEEHEEHEE so let's leave simba to continue his thread
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12-17-2006, 11:28 AM
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Sl
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it's your lucky time perhaps .... ==================== Forex Indicators Collection
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12-17-2006, 03:01 PM
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So far so good.
So far so good Simba. Papertrading...will start to post trades next week. Just focus on explaining the system step by step...who want to learn, will, and who doesn't want to learn, won't. Simple. No system is 100%, discipline is key. If you understand that your system will lose sometimes, then there will be no surprise or fear when it does, because you also kow you can make it back.
Good MM will come into play if currently no stop loss is used. Does this chart look right?
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