Rewind Back 15 Years

[padutrader]

It seems to me, you have significant trading skill, but are handicapping yourself by not having a logically consistent trading plan that protects your capital.

true....the solution is obvious
but I do not like the solution...
I have tried putting stop losses for a long time but I kept blowing accounts so trying out something unconventional, seemingly mad.
there is another solution which a lot of traders here have told me and that is to stop trading forex.
but that too is not possible because of capital requirement being high in other markets and because of so much time spent trading forex.
I really appreciate you guys telling me to do the sensible conventional things but been there tried it and did not work

 

[padutrader]

Is this good or bad?

BTW this is the first day I am trying it out....I noticed some thing over the week end....so perhaps need to give it a few trades to know it.

forex has a unique sort of market movement unlike any other market

 

[padutrader]

You are trading a five minute time frame but blew up when a scheduled overnight event did not turn

my position was taken after market re opened after the week end....

I blew the account because I missed a signal...considering that this the first day in trading a new strategy...one that has great prospect, that may be expected

 

[Overnight]

BTW this is the first day I am trying it out....I noticed some thing over the week end....so perhaps need to give it a few trades to know it.

forex has a unique sort of market movement unlike any other market

Pure TA analysts will tell you that is false. Just sayin'.

If a market moves, all patterns should fall in-line. Yes? But we also have to consider the elephant in the room...Trump. He's messing up the flow of all markets, all across the globe. And of course this would bleed into FX first, since currencies will be affected at the most rapid pace.

 

[padutrader]

please consider blowing up an account is a trader emergency,

i do blow many accounts because i trade 100% of my capital in every trade.
mad ?
that is the way i trade

 

[padutrader]

Pure TA analysts will tell you that is false. Just sayin'.

If a market moves, all patterns should fall in-line. Yes? But we also have to consider the elephant in the room...Trump. He's messing up the flow of all markets, all across the globe. And of course this would bleed into FX first, since currencies will be affected at the most rapid pace.

that sounds logical....Trump likes to mess up a lot of things.his business style was that way too.

 

[padutrader]

Pure TA analysts will tell you that is false. Just sayin'.

then all 5 min have this way of movement....which is why very few established traders trade 5 min.
it just seems to break the high and then the low and after doing this a few times takes off in one or the other direction

 

[Overnight]

then all 5 min have this way of movement....which is why very few established traders trade 5 min.
it just seems to break the high and then the low and after doing this a few times takes off in one or the other direction

I would guess that "established traders" do not trade 5 min charts because the resolution is just a bit too tight. But I do not trade time-based charts, so I am only reaching here.

 

[themickey]

my position was taken after market re opened after the week end....

I blew the account because I missed a signal...considering that this the first day in trading a new strategy...one that has great prospect, that may be expected

After +30 years of trading this "trading a new strategy" doesn't compute.
Your problem Padu is you are delusional. From A to Z.
Blunder after blunder spells it out.

 

[padutrader]

because the resolution is just a bit too tight

yes you will not make anything because the moves are too small...especially if you trade 1% of your capital in a trade.
that is why I trade 100% of my capital