Daily EUR/USD trades

Quote from illiquid:

Why are you trading bigger?

One thing is certain: no strategy can be called profitable if it requires increasing size upon losses. If that's what it takes to get you into the green, throw it out immediately.
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you could be mistaken, btw I am not doing size, this is via spreadbet firm where I can have a very small minimum per pip, this is just a test.
 
I've no reason to lie to you -- I've been there more times than you can imagine. Just trying to save you the headache. Does it make sense that one should trade bigger just because his last few trades were losers? If anything it should be the other way around.

This is the reason why futures trading is so hard, alot of things look like they are profitable to do but in actuality are just time bombs waiting to go off. Good luck for today, you will find out for yourself eventually.
 
Quote from illiquid:

I've no reason to lie to you -- I've been there more times than you can imagine. Just trying to save you the headache. Does it make sense that one should trade bigger just because his last few trades were losers? If anything it should be the other way around.

This is the reason why futures trading is so hard, alot of things look like they are profitable to do but in actuality are just time bombs waiting to go off. Good luck for today, you will find out for yourself eventually.
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I am not saying you are lying at all, I wouldn't say a thing like that to you, but there might be things that no matter how experienced - we do not know.


good + at the mo on increased size
 
Quote from Buy1Sell2:

As long as losses are kept very small and the eventual winner is large, then it is fine.
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Given that the "eventual winner" being large requires larger position sizing, he's going to find the first part of your sentence rather difficult.

romik, trust me on this, flipping positions and increasing size is a quick way to find out "intraday trading isn't for you" aka blow out.

At least pick a max figure where you shut down for the day.
 
Quote from romik:

I am not saying you are lying at all, I wouldn't say a thing like that to you, but there might be things that no matter how experienced - we do not know.


good + at the mo on increased size
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You might as well wait for tomorrow and NFP's, with the higher volatility it's much easier to "make up" for losses.

I'm glad it worked out for you this time.
 
Quote from illiquid:

Given that the "eventual winner" being large requires larger position sizing, he's going to find the first part of your sentence rather difficult.

romik, trust me on this, flipping positions and increasing size is a quick way to find out "intraday trading isn't for you" aka blow out.

At least pick a max figure where you shut down for the day.
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Look I am testing it @ $1 per pip and adding $1 after a loss, that's peanuts to me, thanks for your concern :)

You were right about one thins though - I shouldn't have been having breakfast, as I have missed big time on not flipping from the start.
 
Quote from romik:

Look I am testing it @ $1 per pip and adding $1 after a loss, that's peanuts to me, thanks for your concern :)

You were right about one thins though - I shouldn't have been having breakfast, as I have missed big time on not flipping from the start.
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You misunderstand me, it doesn't matter how much you're risking, it's just a bad habit. Anything will work if you trade it small enough, and have the funds to keep pushing while it's down.

The best way to win at roulette is to either gamble your entire wad on red or black in one shot, or bet as small as you can, in order to stay in the game as long as you can. But coming out a winner doesn't change the fact that it's still a negative expectancy game.

I prefer you'd eat your breakfast rather than "flip" your way to profits, find another way :) I'll shut up now.
 
A bad habit is letting a loss run past parameters and then adding to it. Taking small losses and adding on the next signal is a totally different animal and is very very acceptable.
 
OK, no more flipping for today, serious stuff now :) as I said I've missed the morning action, would have been a better result.

There is an incomplete BLD on 30 min chart, I will enter first Long 50% when bar closes above 20ma.
 
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