What did u do lol ...

letting the eu go up sky high and now i m stuck at the bottom with limited funds in account.... ha ha ha... harakiri already..

back to d drawing board bro...nid better mm

hmm lol u didnt cut loss ...

actually that is my main problem.. i dont know how to stop loss.. i mean how many pips should i go for stop loss.. is 30 too much or 10 is too little coz when i put too low.. when it reverse i kena also...

For simplicity .. you can try aiming for 1:2 ... if your TP is 40 pips ... then SL is 20 pips ...

tq... i will try that. sometimes when your pip value is high it makes me feel i m wasting that value of money for stop loss which actually make me loose even more.. that i noticed..

For starter ... the value of your SL shouldnt be more than 1% of your account ...

E.g

SL = 20 pips
Pip value = 0.01 * account size / 20

This post has been edited by luqmanz: Feb 17 2011, 03:27 PM

noted.. i will practice that

I follow the 1% rule too. Never enter a trade where the risk is more than 1% of capital.

I do not follow the 1% rule.
I have a slightly varying idea of stops.
1. I do not set stop loss in the system. I execute the stop manually.
2. I do not have stops which is 20-30 pips as the way I view the fx market is that 20-30 pips is usually a mere "noise"

That said, perhaps it is because I am a position trader. I take a longer viewpoint with higher holding power, hence I must tolerate movements of sometimes a few hundred pips.

same here

EU just tested today's pivot. Going down again.. Will it hold?? Jeng jeng..

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Added on February 17, 2011, 5:10 pmStrong battle at pivot for the retest..

This post has been edited by sabrateur: Feb 17 2011, 05:10 PM

that is what i do but sometimes the capital does not allow u to hold and i get frustrated...

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Added on February 17, 2011, 5:14 pmagreed i m hoping for it not to hold and just pass thru s1 and so on....

This post has been edited by forexjr: Feb 17 2011, 05:14 PM

Haha you must be holding short on EU..

i m and got stuck when it reverse... cis

Oh man.. the pivot held..

ha ha ha now its going side ways.....

Trading system needs to match with your risk appetite and capital base.

I do not use pivot, but trend wise, you can see for EUR/USD
Weekly - Down
Daily - Sideway with downward bias
H4 - Down
H1 - Down

me too...usually look at balance,equity n available margin...tho i nvr seem to get my entry n exit spot on...cant maximise profit coz afraid of sudden reversal like one time GU gone reversal on me...hmpr2 tarik rambut,haha