"No Stop" Forex Trading?

[filter]

instead of doing tradings without stop, you should focus on fine tuning the entry, such that you see profit almost immediately after you hit the buy button.

if you look at the charts, some entry points are always not re-visited, and the price and the way it moves around these points have some predefined patterns if you stay in the game long enough.

for whatever time frame you choose to trade, there are 3 bars you can target as your profit area.

Quote from increasenow:

here is the deal...I am currently demo trading a system with no stops at all...the success rate is amazing...finding that with adequate capital and a real sense of where it is heading...enter the trade and do not set a stop loss. Because of the success I am experienciing via demo without any type of stop...makes look real hard, real hard at all my losses when trade Forex with real cash $$$.....I've just let them run...and whether take 1,2, hours :30 minutes of 12 hours...Forex prices 'seem to cycle' back or up to levels if you have a right sense of where to enter...bottomline...it seems the bigger issue is having more $$$ in your account and NOT having a stop as a better relaxed approach to trading with a stop...just what I am seeing...different way of thinking...that being 'without stops'...thanks for your insight and comments...

 

[slapshot]

Quote from increasenow:

"No Stop" Forex Trading?...been hearing a lot about this?...anyone do it?...could it be the best way to make money trading Forex? instead of being stopped out...

What are you, on crack? This is the dumbest thing I have seen in a long time. You would be GUARANTEED to blow up. Not "if" but "when".

 

[siki13]

Quote from increasenow:

okay...please explain how you trade without using any stops...please

I must say i never seen in my life anyone so untalented trying
to succeed in this business.
You manage to consistently ask most dumbest
naive questions like you start trading yesterday.
If there is ~10 levels you have to concur to became profitable
i think you`ll never past the first one.
I could be wrong , maybe you are a teenager and your brain is not fully developed yet so i shouldn't be saying all this.

 

[Lethn]

Buy Low Sell High, simple rules that everyone in trading seems to have completely forgotten.

 

[Xspurt]

Quote from siki13:

I must say i never seen in my life anyone so untalented trying
to succeed in this business.
You manage to consistently ask most dumbest
naive questions like you start trading yesterday.
If there is ~10 levels you have to concur to became profitable
i think you`ll never past the first one.
I could be wrong , maybe you are a teenager and your brain is not fully developed yet so i shouldn't be saying all this.

LOL

You never know. Like they say, an expert is someone who has made all the mistakes it's possible to make in a narrow field of application.

20 yrs from now it could all just click into place.

One thing I'd recommend is for Increase to burn out ideas and not just dabble in them. You have to really know how big an idiot you were and not just assume you were an idiot for trying an idea, because when the golden path is stumbled upon it will require more blood, sweat and tears than the dumb ideas stole from you.

Either way you have to pay the price.

 

[increasenow]

yea...keep trying...asking questions because...

Thomas Edison failed 10,000 times before he invented the light bulb!!!

 

[bugscoe]

Stops are for whimps, or was that lunch?

 

[ForexSooth]

trends reverse. with no stops, bad timing once means the end of your trading career.

 

[RockyRacoon]

Quote from increasenow:

"No Stop" Forex Trading?...been hearing a lot about this?...anyone do it?...could it be the best way to make money trading Forex? instead of being stopped out...

1st you must understand that while demo trading can give you a feel for the real thing, it can also be one of the most "devastating to your account tools" that there is if you allow that. This is very simply because there is no substitute for the emotions traders experience when they have their real money on the line vs simulator money.

I typically trade only with "emergency stops" placed well out of the current trading range for the time frame that I happen to be trading at that time in case of a power or internet outage while I am in a trade.

If I am trading for a longer term trade, my stop location is based on my entry. A good entry and I can have a tighter stop, a not so good entry and I will enter with a smaller position and possibly scale into the trade - then place a stop at break even or small profit asap so as to limit or negate any risk and exposure.

 

[MGJ]

Have a look at Wealth-Lab and other places where lots of mechanical trading systems are measured. You'll find an entire category of systems that don't use stops; often they are described as "Market Orders Only" types of systems.

The simplest example is a Channel Breakout Pure Reversal System which trades on the next day's open. Something like:

If(today's high > Highest(High, 50)) then
     Reverse to long on tomorrow's open
 
If(today's low < Lowest(Low,50)) then
     Reverse to short on tomorrow's open

There it is: no stops. Market Orders Only. Simple and obvious.