Thread: 2013... Make or Break time

Small Brief here with a tight SL in 1.3218

TP 1.3170

Risk at $9.00


Decided to Alter it into 10,000 units..


Got stopped out before I reduced my SL into 1.32085 -$3.70

Got into a short this morning at 1.3168


TP 1.2870
SL 1.3244

Well held my shorts this week, out for the week now

Starting Balance $3,030.00

End of week $3,210.66

7% gain

Always thought I had mt4 broker for the trade explorer. I just discovered that is not accurate, so I sent a petition toforexforum.co.zato add my broker.

What I Am looking in for next week.. I don't normally utilize indiors. When I do its the ichimoku, which is by far my favorite.

Levels for sunday I will be seeing

On the up side

1.30918 for resistance. Using a break leading up to 1.30418

1.2996 for assistance. Using a break down leading to 1.29487

Why can you insert even more cash when you have a history of huge drawdowns? Wouldn't it make sense to see stable and consistent gains ?

Good luck Bob,

Just don't be afraid to slow down a bit about the risk aspect of matters. The important thing for you to do now is build consistency throughout the upcoming few months of trading.

If you want to risk with larger size, start looking into legging in for transactions which are working for you. You'll have less winners and much more break evens this way, but the winners that do work out are of a much higher size and profit, plus a string of losers doesn't hurt just as much. It is kinda like pyramiding into a position. I just mention this since you exchange with more timeframes and amounts in your mind so it could fit nicely.

Cheers!

Originally Posted by ;

Good luck Bob,

simply don't be afraid to slow down a little on the risk side of matters. The important thing for you to do now is build consistency through the upcoming few weeks of trading.

If you would like to risk with larger size, look into legging in for trades which are working for you. You'll have less winners and much more break evens this way, however, the winners that do workout are of a higher size and profit, and a series of losers doesn't hurt as much. It's kinda like pyramiding into a position. I only mention this because you...

Hey Jack, thanks!


I actually have been adding to the winners. I fix stop losses along the way to reduce risk and mostly to BE

Originally Posted by ;

why can you add even more money when you've got a history of huge drawdowns? Would not it make sense to see stable and consistent profits ?

This was a few tiny accounts while I was demo trading in the same time. . I have my money management under control now and so far so good. I am sticking strictly to my trading plan and adjusted my risk to 2% maximum.

Your story sounds a lot like mine years back.

Be mindful of your trading program and keep track of all the advice you're getting from other posters. In addition, be conscious of the pressure of posting gains week in/week out on a forum. Make certain it is not affecting your trading.

GL.