Sell Uj 103.59 SL 10380
Sell Uschf 8892 SL 8923

jsheng:


Info first, you be old mate here oooh.... Can you still remember optimisticgondi, natruetalk, and those great guyz back then.... When we bomb binary option thread... It's been a long time.. More than 8yrs now... It's nice hearing from you

You forgot to mention Odiaero the virtual billionaire! Hahahaha then meshpip and the likes

jsheng:


Info first, you be old mate here oooh.... Can you still remember optimisticgondi, natruetalk, and those great guyz back then.... When we bomb binary option thread... It's been a long time.. More than 8yrs now... It's nice hearing from you

Same here bro. Good to see you here again.

jsheng:


Lets buy this pair again, usdjpy @103.640

But from what have observed in your trading, your risk reward ratio is very poor.
Your stop loss is more than your take profit and that is disaster bro

emmaodet:


But from what have observed in your trading, your risk reward ratio is very poor.
Your stop loss is more than your take profit and that is disaster bro

Risk to reward on its own tells little or nothing.

Until you check what his win rate is, you cannot make conclusions based on the risk to reward alone.

meshpips:


Risk to reward on its own tells little or nothing.

Until you check what his win rate is, you cannot make conclusions based on the risk to reward alone.

ok ooo but for every 2 or 3 he wins, 1 loss will wipe the profits off.

if he wins 5-0, it will only take a 5-2 for him to come back to zero

emmaodet:


ok ooo but for every 2 or 3 he wins, 1 loss will wipe the profits off.

if he wins 5-0, it will only take a 5-2 for him to come back to zero

If it's not working for him, he won't be using it.

Let him be

meshpips:


Risk to reward on its own tells little or nothing.

Until you check what his win rate is, you cannot make conclusions based on the risk to reward alone.

I thought you are an experienced trader until I saw this. Who does that If you like have the best win rate in the world and you have a poor RR, it will always end in tears.
Having a good rr, only requires you to have 40% win rate and you will be fine.

wiconse:


I thought you are an experienced trader until I saw this. Who does that If you like have the best win rate in the world and you have a poor RR, it will always end in tears.
Having a good rr, only requires you to have 40% win rate and you will be fine.

Most traders don't do risk to reward they simply accept what the market gives with proper risk management.

Do not force people to do what you have read to be the norm. All whatever you might have read are guidelines.
RR or no RR. You will still be fine.
Ever since I started trading since 2007, i am not a believer of stop loss. Today, i still do not believe in it and I have no regret. My mentor do not use it either and he is doing great. Infact he has the best standing trading signal since 2015. Trading an account without using stop loss since 2015. He has another account from 2017 without stop loss. I am not saying you should not use stop loss and infact i will recommend you do but if you see someone not using it, crucify them not provided they know what they are doing.

Risk Management is more than use of stop loss. I have repeatedly said it, stop loss will not protect your trading account if there is a crazy move in the market.
Despite the use of stop loss, dont people still experience margin call?
Proper position sizing is better than stop loss but when you combine position sizing with use of stop loss, its even better.

ProsperoTrading:



If it's not working for him, he won't be using it.

Let him be

Ok sir

I wanted to talk about how a trader has to identify the key skills necessary for trading and work on them. But chipping in a little about stop loss, it is usually best to use them. If you do not use stop losses, then you are pretty sure nothing can go wrong technically and the market is not going to experience a stupid volatility.

The truth is when you trade with proper sentimental analysis and fresh momentum in your favour, you may be tempted to not use stop losses. That's why we can use very very tight stop loses. But then a system can never be 100% so you must have the skill to eliminate trades that are probably not going to work which could also be a very tight range compared to people using very big stop losses and hoping.

The only downside I see not using stop loss is that it becomes difficult to properly calculate your RRR as well as your position size if you are trading a fixed percentage of account. But then, you can do all that in your head and then make sure you do not fail to pull the trigger in the area you used because the losses can really get ugly. Imagine building a trade with a very tight stop area and thus allowing you to trade bigger lot size but in the end you compromise on that because you now want to hope.

All in all, I know people who don't use stop loss because they expect the price to first go massively against them compared to the proper reason of price exploding in their direction. There is always a price that says you were wrong and using stop loss is simply the best way to trade.

As a trader, you want to take risk when getting paid but take no risk when paying out. Trading without stop loss is simply a very bad practice to trading. You trade with stop loss and without take profits . Adding more trades as a trend progresses is also a very good practice. But you must limit your downside by a using stop loss, moving stops to breakeven and even gradually locking in on profits.

orogo:
I wanted to talk about how a trader has to identify the key skills necessary for trading and work on them..... y the best way to trade.

I agree with you boss mi. Its recommended and I recommend it too especially for someone with small trading capital who can not really practice proper position sizing. I am only saying not using it does not mean failure in the business. It all depends on ones approach. Putting stop loss is just a kind of auto trading. Hey computer help me to close my trade if its around this prize. If you have the right psychology, you can as well close it yourself.

infofirst:


I agree with you boss mi. Its recommended and I recommend it too especially for someone with small trading capital who can not really practice proper position sizing. I am only saying not using it does not mean failure in the business. It all depends on ones approach. Putting stop loss is just a kind of auto trading. Hey computer help me to close my trade if its around this prize. If you have the right psychology, you can as well close it yourself.

Ok, you're spot on. I simply think its best to put on a hard stop loss even if you may not take the full hit.

Now one may know the direction price is moving to but depending on where his stop should be and where he expects the price to move to, he may not take the trade.

Not using stops is tempting if you do not know how to hide stops properly and if there is enough opposition power in the market to create whipsaws. These are also skill areas a trader needs to work on.

Some may not know this but a simple trick to improve your RRR is to take the same trade on a smaller time frame. A 1:1 trade on the 1hr chart may become a 1: 6 trade on the 5 minute chart. No extra work done, no change in win rate.

meshpips:


Risk to reward on its own tells little or nothing.

Until you check what his win rate is, you cannot make conclusions based on the risk to reward alone.

Lol..
I don’t care what is win rate is.
One lost trade will clear all his accumulated profits and even have a big negative effect on his balance.


You can’t be risking 5 to get 1.. no profitable trader ever does that!!

His risk management is disastrous!!!

And Bro...
Actually, Risk To Reward Tells EVERYTHING!

harizonal123:

Most traders don't do risk to reward they simply accept what the market gives with proper risk management.

Define risk management bro??
Lol...
What is risk management with a very poor R:R??
Lol.

No profitable trader... I repeat, No Profitable Trader Take Trades That Have Lesser Reward To Risk Ratio.!!

They rather ignore the trade and wait for a better setup or entry.

orogo:
I wanted to talk about how a trader has to identify the key skills necessary for trading and work on them. But chipping in a little about stop loss, it is usually best to use them. If you do not use stop losses, then you are pretty sure nothing can go wrong technically and the market is not going to experience a stupid volatility.

The truth is when you trade with proper sentimental analysis and fresh momentum in your favour, you may be tempted to not use stop losses. That's why we can use very very tight stop loses. But then a system can never be 100% so you must have the skill to eliminate trades that are probably not going to work which could also be a very tight range compared to people using very big stop losses and hoping.

The only downside I see not using stop loss is that it becomes difficult to properly calculate your RRR as well as your position size if you are trading a fixed percentage of account. But then, you can do all that in your head and then make sure you do not fail to pull the trigger in the area you used because the losses can really get ugly. Imagine building a trade with a very tight stop area and thus allowing you to trade bigger lot size but in the end you compromise on that because you now want to hope.

All in all, I know people who don't use stop loss because they expect the price to first go massively against them compared to the proper reason of price exploding in their direction. There is always a price that says you were wrong and using stop loss is simply the best way to trade.

I get your point bro.
But alot of people use stoploss wrongly.
They just use it to fulfill all righteousness.
Some place extremely tight stop loss which gets triggered all the time.
I personally, i place my stoploss in an area where i know that if price gets to that point, it invalidates the market structure and my analysis.
And the truth is, They aren’t unnecessarily wide stoploss.
I just place then in a constructive area that price have to really work before hitting my stoploss.

Either below or above swing highs or lows.
Or
Stack level support or resistance.

Areas i know before price gets to, opposing pressure will come.

I’m not against those not using stoploss, there’s no sure way to trade. As long as it’s working for you.

But I personally will never trade without a stoploss.
Especially in times of uncertainty like this where any news affects price massively.

I know a few people will come with unnecessary questions now to tackle me.

I didn’t start trading yesterday.

And this is the first time I’ll ever hear traders who claim to be profitable say ‘Risk To Reward Is Not Everything’

I’m seriously laughing here.
I’ve never heard such in my entire life of trading.

RISK TO REWARD IS EVERYTHING.

Even 1:1 risk to reward isn’t entirely advisable.

You dont need to have the best strategy.
There’s no holy grail strategy.

The only way you can beat the market is to cut your ‘losses fast and let your winners run’

Let one of your winning trades cover about 2 or 3 of your lost trade.

And the only way to achieve this is to have higher Reward than Risk for every trade.

I’ve seen a 30% - 40% win rate strategy still come out profitable in the long run.

And 70% win rate strategy accumulate losses

Trend following strategy has a 40% win rate, yet traders make alot of money from it.

Why?
Because one winning trade can give you 1:7 risk to reward.

The best way to let your winners run is to trail it.

Example is an image below.

Don’t let anyone deceive you in this market.
Please beginner traders, please don’t learn with the mindset that Risk To Reward doesn’t matter.
Please i beg you.
It’s a lie.

RISK TO REWARD IS EVERYTHING !!
RISK MANAGEMENT IS EVERYTHING !!
PROPER POSITION SIZING IS EVERYTHING !!

Never ever ever place trades where your stop loss is larger than your profit target!
NEVER!

orogo:
As a trader, you want to take risk when getting paid but take no risk when paying out. Trading without stop loss is simply a very bad practice to trading. You trade with stop loss and without take profits . Adding more trades as a trend progresses is also a very good practice. But you must limit your downside by a using stop loss, moving stops to breakeven and even gradually locking in on profits.

GOD Bless You!

Here Is the CADJPY Trade I’m Currently On.

beezyblaze:
Here Is the CADJPY Trade I’m Currently On.

Windows + print screen button to take screen shot next time.

Karleb:


Windows + print screen button to take screen shot next time.

Thanchu sir.

Current Running Trades.

Yes Forex Is Difficult But Forex Isn’t Entirely Difficult,
It’s We The Retail Traders That Make It Difficult,

Through :

Greed
And
Ignorance!

Forex Will Not Make You Rich Overnight, You Can’t Turn 50USD To 5000USD Don’t Let Anyone Deceive You.

You Also Can’t Learn Forex For 2 Months And Expect To Be Profitable.

You Need To Study, Learn And Unlearn. Work, Backtest And Forward Test!! Everything!!
Before You Can Find What Strategy Best Suits Your Schedule And Personality!!

Please don’t rush the process wonderful traders.
It takes time, but trust me it’s worth it.

The market is large enough for everyone to have their own piece of cake.

More pips to every experienced trader in here and more knowledge to every beginner trader.
Amen.

We are all one.

The hustle is against poverty and nigeria’s worsening economy.

GOD Bless Us All.

Karleb:


Windows + print screen button to take screen shot next time.

Alright,
Thanks Boss

@beezyblaze and @winconse,

talk is cheap.

Post what you have done so far this week.

Maybe by then we will know who needs to learn from who.

See below for gold and cable trades. Do the pip count. If you need more trades taken this week let me know.

I will be waiting to see what you have done this week.

meshpips:
@beezyblaze and @winconse,

talk is cheap.

Post what you have done so far this week.

Maybe by then we will know who needs to learn from who.

See below for gold and cable trades. Do the pip count. If you need more trades taken this week let me know.

I will be waiting to see what you have done this week.

Lol...
I won’t argue to someone who thinks risk to reward means nothing in forex ...someone that thinks risking 50pips to get 10pips is professional..
that would be me being stupid.
No one dragging fx guru with you bro
Keep your 5: -1 risk to reward title to yourself ok??

By the way?

There’s no need typing your pips on the chart.

You can upload a screenshot of your history and current running trades lets see!
Like i did

I want to learn from you boss
edakun
Please teach me forex

Watyn pain me pass na say you even add pips to your username.

Lmao