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I agree with positive disussions. I will only ever risk 30 pips on any trade. This means if i manage to catch a ride off 200 pips on a trade i now know that if im wrong on the next 6 trades i will break even. So i need to be correct 1 in 6 times to break even. Which means i can be wrong...

OK giles, So do you believe 1200% in a week is worth anything at all? A trip to vegas would be about just as productive. Would you ever make this in a week? or a month on the Fx market?

I have no problem with this, this is how i believe is the way to trade. If you manage to make 50% a month with 1:3 risk reward on every trade then i can accept that.

What use is a strategy that is not sustainable??? The whole point is that unless if not sustainable its gambling. So in effect, he gambled it paid off for him that week. Now what?? continue gambling? or stop and never trade again. My whole point is the statement is useless. It means...

Anyone who was new to this market seeing someone make 1200% in a week is a load of crap. If they believe this or even attempt to follow a road like this they will lose money. I dont care what you say its ridiculous to even try to justify it. You sound like someone who represents a broker for...

I dont believe that anyone can make 50% a month on a consistant basis. By trying to make 50% month you expose yourself to much risk and at some point it will bite you. Do you trade in this way cferret?

No i think its your understanding that seems to be lacking, you seem to misunderstand the concept of LONG TERM. There is no difference, What you seem to misunderstand is that you need a strategy that can be sustained, and as i said then you can levearge this same strategy with your $k...

Shows your understanding then? I think many of you should look at the statistics. how many people and these are proffesionals who manage funds, actually make money over a period of a few years. Its about 70%, now when you take this to a period of 20 years almost every single one of them...

Trading with a $k account and a billion $ account is no difference at all. The reason they would only make 20% is beacuse they are trying to follow a consistant strategy that will work over a long period of time without the least amount of exposure to risk. Now if you decide to make 1200%...

I dont know why both giles and cabletrader are unable to post a reply without insults, Incredibly childish and its rather boring. I simply voice my opinions and my views. If you can not do the same then please do not bother to reply. I am not interested in these petty arguments with immature...

500 to 6k in a week. The idea is to make money with as little risk as possible. 1200% in 1 week is exposing yourself to HUGE risk. No other question about it other then GAMBLING. If you are making 1200% in a week you are destined to fail. Its not even up for discussion its an abolsutley...

You say you look at trading from the money management perspective yet you claim that 10 pips a day is a feasble model. again 3,000 going to 20,000 in 3 months? you also must have all the banks knocking at your door. Some of the worlds best investors manage to make returns of 20% in a...

You say you look at trading from the money management perspective yet you claim that 10 pips a day is a feasble model. again 3,000 going to 20,000 in 3 months? you also must have all the banks knocking at your door. Some of the worlds best investors manage to make returns of 20% in a...

This trading statement is a load of rubbish. 130 or so winning trades without a single loss? balance going from 500 to 6,000 in 1 month??? get real please, that is not sustainable. If you can sustain this kind of trading you would be a billionaire by now, and probably a legend in the...

So, 200-300 pip profits with a 40 pip loss is very good. Im sure you can do very well if you trade like that. my point was that taking 10 pip profits will not work. The trading method you suggest above is how i trade, and is the reason i am aruging that 10 pips will not work.

If you decide on a mandatory stop of 40 pips ad the trade needs 50 ot 60 to move then your ENRTY Is wrong and you should not take the trade. if you allow the market to move away from you, you are chasing it. you "hope" the market will come back and get you that profit. Having read the last...

I would love to see yours giles, i am almost 100% sure that you lose money, and that in the future you will never make a success of the forex market. From reading your posts that is clear. YOU GAMBLE this market and its a simple as that. Good luck to gambling.

You need to stop and read what i say and take some time to try and understand. At the moment i get the feeling you refuse to even read what i say and take it on board. Its not difficult to understand and i am getting very bored trying to make you realize it. "You assume too much Acs...

you have a lot to learn. if you are losing -35 and your aiming to make 10 pips a day YOU HAVE A FLAWED trading model. You really dont get it, you make +45 great you have 10 pips today. But you started the day losing -35?? so now you are telling me you will chase the market attempting to...

In your eyes does aiming for 10 pips mean you will ever close a trade on 10 pips? Now if it does and if at any point you do take trades for 10 pips profit, what are you losing trades ? Well they are more then 10 pips that is for sure, so for every 3,4 or 5 winning trades you wipe them all...