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Discuss Fx lounge at the Forex within the Traderji.com; Originally Posted by pannet1 sorry howardroark, i know i am in a viscous circle ... ...


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  #11  
Old 16th May 2017, 07:43 PM
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Default Re: Fx lounge

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Originally Posted by pannet1 View Post
sorry howardroark,

i know i am in a viscous circle ... i.e. small account size traders mostly loose... but cant help it ... almost in my final attempt in winning.
Fair enuf ...
Work on compounding strategy ...
I'm here, if you want to know how to and how much 2 compound ...

regards,
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  #12  
Old 16th May 2017, 08:53 PM
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Default Re: Fx lounge

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Originally Posted by howardroark View Post
I know this and more.
Always try and open a decent account size, say 1,000$ and opt for FCA regulated broker/s.
And if you tell me your entry, exit strategy along with a chart and tell me your trade management plans, I might be able to help you how to squeeze more outta intra day trades.
Regards,
i am very much scared to do scalping with lite4x. the strategy was like this below daily open .. start with a sell order of 0.01 lot. if the trade goes against hedge it with 0.01 buy trade.

if trade goes moves to profit hedge it with a buy order. try to scale in with another sell order below this ... so on and so forth. during news time .. if the price goes back to open line ... square off all the sell orders by moving it to breakeven ... now we are net buyer ... if price again retrace back down .. square off all buy orders on the way ... at breakeven .. try to balance the net open positions in profit.

sorry if i had confused you.
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  #13  
Old 17th May 2017, 08:47 AM
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Default Re: Fx lounge

With this kinda strategy, at the most u wil BE or protect yr acc, nvr b able to make profit ...
1st, u shud nvr scalp
2nd ... Hv 2 different strategies ... 1 for trend trading, 1 for counter trend trades ...
Write down your entry n exit and trade management rules and always stick to them ... market will outlast u, me n generations to come ... do nt be in a hurry ...
Do not try to trade every tick and signals ...
Learn to validate and invalidate the signals ...
Trading is all about "WHAT DO I SEE (Acknowledging a trade-able set up) ... WHAT DOES IT MEAN (Qualifying the trade-able set up) ... WHAT DO I DO (act)?"
Regards,
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The Following 2 Users Say Thank You to howardroark For This Useful Post:
monkeybusiness (17th May 2017), pannet1 (17th May 2017)
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