Moneyyy:


Greed is when you risk more than necessary, and for me I'd say when you risk more than 2% of your equity. It's not necessarily about the number of pips you risk.
And yes when I lose I walk away with a smile, I don't try to chase it like a newbie. And yes such discipline comes with years of experience. It's not about whether you lose or win today or this week, it's about being profitable in the long run so losing money today or even for several weeks means nothing to seasoned traders. Like I always say, it's a marathon and not a sprint and the earlier you approach trading with that mentality the better.

aybynature:


Good morning, I trade off the 1 hour chart and I have this strategy that has been working for the one week I tested it...my question is...is it podsible to make between 50-100 pips a day, trading off 1hour all through the trading year or its just seasonal? Do you have an effective strategy to trade 1hour, if yes...would love to know...thank you!

Fartist:

you won wound yourself bro? what are you looking for in the 1HourTF?

this is how i think you should approach the market this year. 4H (this the bomb! you can set and forget with this TF), Daily and weekly for direction,forecast, signal and alert.
15MINs and the 1Hour you were talking about for entry only! after confirmation and combining with other Tech indies such S/R and trendlines. what more can you ask for if not a harvest of pips! i have seen others achieve 1000% roi time and time again, i have only done 500% (the highest) myself. this thing ain't a myth.

docus:


well said bro

Kirinwa:
GbpNzd sellstop @ 2.2100
Stop loss @ 2.2200
Target @ 2.1500

GbpAud sellstop @ 2.0800
Stoploss @ 2.0900
Target @ 2.0100

EurAud sellstop @ 1.5500
Sellstop @ 1.5600
Target @ 1.4800

EurNzd sellstop @ 1.6500
Stoploss @ 1.6600
Target @ 1.5800

NB: Trade responsibly.

Kirinwa:


Okay.

Fartist:

Feshizzy:


I do wish to join your whatsapp group.

Kirinwa:


Kindly follow instructions on my signature

Moneyyy:


[b]Greed is when you risk more than necessary, and for me I'd say when you risk more than 2% of your equity. [/b]It's not necessarily about the number of pips you risk.
And yes when I lose I walk away with a smile, I don't try to chase it like a newbie. And yes such discipline comes with years of experience. It's not about whether you lose or win today or this week, it's about being profitable in the long run so losing money today or even for several weeks means nothing to seasoned traders. Like I always say, it's a marathon and not a sprint and the earlier you approach trading with that mentality the better.

EmmanuelD1st:

I wouldn't say risking more than 2% equity is greed. I would say risking x% of equity depends on the profitability of your trading system...for example; Risking 2% of equity on a 20% profitable system with a RRR of 1:2 is suicidal, in fact you'll surely fail even if u risk 0.00001% of equity on that type of system (I would't advise you to stick with such system). Why on earth will I risk 1% on a 80% profitable system, just why? When I know I can comfortably be risking 5% on a trade with little draw down. So sir, risking a particular % on a trade should depend on your trading system (my opinion).

jamace:
EUR/USD
BUY @ 1.08660
TP @ 1.10000
SL@ 1.07660
Leggo!!

Moneyyy:


No one, I repeat, no one and no system can claim to be able to accurately always predict the long term or midterm move of the market; anyone who makes such a claim is nothing but fraud. What we all do is speculate at best. Have you heard of the term inefficiency of the market? By the way, are you a full time professional trader? If not then we are not operating on the same level which means telling me 20pips is paltry means you have no idea what you are talking about. You think it's about coming here to claim you made 600pips after the market has already moved?

EmmanuelD1st:

I wouldn't say risking more than 2% equity is greed. I would say risking x% of equity depends on the profitability of your trading system...for example; Risking 2% of equity on a 20% profitable system with a RRR of 1:2 is suicidal, in fact you'll surely fail even if u risk 0.00001% of equity on that type of system (I would't advise you to stick with such system). Why on earth will I risk 1% on a 80% profitable system, just why? When I know I can comfortably be risking 5% on a trade with little draw down. So sir, risking a particular % on a trade should depend on your trading system (my opinion).

aybynature:


Good morning, I trade off the 1 hour chart and I have this strategy that has been working for the one week I tested it...my question is...is it podsible to make between 50-100 pips a day, trading off 1hour all through the trading year or its just seasonal? Do you have an effective strategy to trade 1hour, if yes...would love to know...thank you!

Moneyyy:


You made a very good point, only problem is that the premise of the argument is faulty. A 20% profitable system is no system at all because with such a system you will be out of business in not too distant future. Before we call a trading system a system to adopt, it must have been tested and found to be anything over 50% profitable system. Anything below that can not be considered a trading system at all.

And the percentage you risk has a lot to do with your personality. A risk averse trader will always risk very little but a trader with a high risk appetite will be comfortable risking more. All I will say regarding this is there is a reason why seasoned traders and institutional traders will always advise to keep your risk below 2%.

EmmanuelD1st:

I know a successful trader with a 30% win rate... The professional trader would advise below 2% (this advice is mostly for newbies or wannabe traders) because blowing up your equity would be difficult, that way the new trader will try out systems that could work, control emotions, instill patience, discipline etc in trading [it will take close to a hundred trade without a win (which is practically impossible)to blow up an account on a 2% risk]. About 20% profitable system not being a system; Sir, I have a system which is 20% profitable, it has a RRR of 1:6, risk/trade 1%. Sir, I presume you are an experienced trader, do the math, it's a profitable system.

EmmanuelD1st:

I know a successful trader with a 30% win rate... The professional trader would advise below 2% (this advice is mostly for newbies or wannabe traders) because blowing up your equity would be difficult, that way the new trader will try out systems that could work, control emotions, instill patience, discipline etc in trading [it will take close to a hundred trade without a win (which is practically impossible)to blow up an account on a 2% risk]. About 20% profitable system not being a system; Sir, I have a system which is 20% profitable, it has a RRR of 1:6, risk/trade 1%. Sir, I presume you are an experienced trader, do the math, it's a profitable system.

EmmanuelD1st:
NZDCAD -
sell limit 0.93184
SL 0.94007
TP 0.91337

EURAUD -
buy limit 1.54209
SL 1.52082
TP 1.59490

HAPPY WEEKEND!!!

jorel1:

That was what I always do during my early days of trading , but these days I control my risk myself , I dont need some so called self acclaimed professional trader who probably only teaches on youtube and yet doesnt trade at all to advice me what or what not to risk
The idea is that once you get to a stage in trading of knowing what you r doing ,then you are in control

currentprice:
who is getting ready to BUY GBP.AUD with my at 1pm

adeyinkabasir:


not a buy yet for me....may get to 2.06xx before resuming buy or otherwise it's still a SELL