EURUSD Cultural Center

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yeah, that's the way I look at it. Just watch what everybody else does and do the opposite. Since most of them are losers.

The only problem is, when it comes to making money, you need a lot of friends.

You don't have to like them for life.

Just the duration of the trade.
 
Quote from Daring:

Averaging down is fine, the risk/reward I seriously dislike.
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when we were scalping, the risk to reward was like 10 to 1 and most of us didn't even honor the 10. If one got away from us, we would just put another one on.

They didn't really call it averaging down back then.

Talk about a sleepless night.

For a one lot trader whose job it was to make $12.50 per trade to bring home three contracts, you might as well just brought home three girls from the office.

There was no sleeping. You just stared up at the ceiling all night long and thought, "Now what the hell am I going to do?"
 
Quote from oldtime:

when we were scalping, the risk to reward was like 10 to 1 and most of us didn't even honor the 10. If one got away from us, we would just put another one on.

They didn't really call it averaging down back then.

Talk about a sleepless night.

For a one lot trader whose job it was to make $12.50 per trade to bring home three contracts, you might as well just brought home three girls from the office.

There was no sleeping. You just stared up at the ceiling all night long and thought, "Now what the hell am I going to do?"
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Man, that's some depressing stuff, how did you overcome it?
 
Quote from Daring:

Man, that's some depressing stuff, how did you overcome it?
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I finally had a mental breakdown and put it all on one trade, and won
 
Quote from Daring:

Man, much respect, man of great balls.
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??? you sure about that? All I did was go crazy and bet it all, knowing I could completely be wiped out. Although I must admit, I had been waiting for that trade a long, long time, and had deep conviction I was right. Everything had been setting up for it, a day at a time. After that, I never wanted to traded ES again. And never did, other than briefly fooling around with the ES vs YM spread.

Sometimes I'd like to go back to that sitting flat waiting for the set up.

Forex is all very new to me and so far has been very good to me being in all the time, never flat.

But I don't know if I just got in at a very good time, or this is the way it is all the time.

otherwise, I have a buy stop in around 2800 maybe a little lower to add my last and final purchase of eur.usd. It's a trailing stop, so, if it can't trade higher from here, the buy goes lower.

I learned my lesson. I'm a big advocate of averaging down slowly to improve your average price. But don't put the big one on until it proves it can trade in your direction.
 
Last 30 days

100% mechanical
4:1 Risk/Reward
All in - All out
Increase the size after a loss


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Quote from Instant Karma:

Last 30 days

100% mechanical
4:1 Risk/Reward
All in - All out
Increase the size after a loss
More...

Risking 4 units to earn 1, and martingaling?
 
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