lijk1 Posted January 14, 2012 Report Share Posted January 14, 2012 It's interesting. Quote Link to comment Share on other sites More sharing options...
fibo2618 Posted January 14, 2012 Report Share Posted January 14, 2012 STOPLOSS OR NO STOPLOSS How about opening a trade with 200% confidence and NO stoploss.....you know where the price is going... dannydon786, The problem is that nobody knows where the price is going. We only think that we know... If you will have a system with 100% guarantee that the price will go in one direction only 10 pips, then you really have the holly grail and you will be the richest man in the world. Because the nature of the market with all those waves, nobody can real be sure what is going to happen. The stop loss is the guard for the failure of our convictions. If we make an order based that the price goes up, and then it goes down, then we have failed in our strategy and we should admit it and not hopping that one day the market will follow us going in our way. Not using stop loss is the same that not admitting our failures when we really are wrong. Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted January 14, 2012 Report Share Posted January 14, 2012 Whatever you guys say......I have been trading without a stop loss for last 5 years...price has never gone against me for a substantial loss...so I am very happy with my profits.... Quote Link to comment Share on other sites More sharing options...
pipper1 Posted January 15, 2012 Report Share Posted January 15, 2012 yes i use a trade manager.........sorry for late reply Hello Niftymover, Please check your PM's Quote Link to comment Share on other sites More sharing options...
hermanhess Posted January 15, 2012 Report Share Posted January 15, 2012 Whatever you guys say......I have been trading without a stop loss for last 5 years...price has never gone against me for a substantial loss...so I am very happy with my profits.... interesting approach ... but you'd have to use very small lots so even if the unexpected happened (and it does happen now and then) you won't go into margin call ..... and if it price goes ur way you'd make a profit but wouldn't this make ur profits small as well? ForexMike 1 Quote Link to comment Share on other sites More sharing options...
Red_Bull Posted January 16, 2012 Report Share Posted January 16, 2012 I too trade with placing Stop Loss but I've stop loss in my mind, & I think NiftyMover looks experienced traders and it is obvious that he must be having an stop loss in his mind, there can be many reasons for not putting stop loss, but if someone trade without stop loss don't think that he/she is non professional traders, because everyone know what he is doing & what loss maximum he can afford. Nifty Mover, already helped this forum a lot of time, & if the guy is trying too help some people around here that must be appreciated instead of criticise all the time, and he is not forcing anyone too follow him or directly place his trade on live account, try it if you find it useful follow it else leave it, but don't put huge pressure on him trading already very stressful thing and putting pressure like this result in more bad trades. Marchello 1 Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 16, 2012 Report Share Posted January 16, 2012 Nifty should have setup the thread without the "holy grail" thingy and "more than 100 pips a day" Something like "Trading without stoploss - it works" He addressed those traders who are struggeling with forex. But trading without SL is in my opinion only for those who excactly know what they are doing. Not meant as critisimn in any way....only my personal opinion Quote Link to comment Share on other sites More sharing options...
ravijj Posted January 17, 2012 Report Share Posted January 17, 2012 Thanks Nifty mover for giving us ur time ,i will be following this thread no matter what others have to say as i am here to learn a thing or two from this great forum ,Thanks Again niftymover 1 Quote Link to comment Share on other sites More sharing options...
Paul_tan30 Posted January 17, 2012 Report Share Posted January 17, 2012 Hi Niftymover, What indicators do you use? Quote Link to comment Share on other sites More sharing options...
niftymover Posted January 20, 2012 Author Report Share Posted January 20, 2012 (edited) Profit to all my friend this is just my 2 weeks trade but as some problem on my pc where hotforex demo running i cant make new trades in this week sorry.... see profit 25% in one week and this is live result all my friend already followed my trade as there was some issue about stoploss but that problem solved.. can download statement from given link :) http://www.multiupload.com/20XG70RV2Q Edited January 20, 2012 by niftymover leeb77 1 Quote Link to comment Share on other sites More sharing options...
Fxheaven Posted January 20, 2012 Report Share Posted January 20, 2012 Congratulatios Niftymover. The $5,000 demo account is now $6,122.24. I am closely following your account. I saw that there are not many trades this week. Please sort out the problem with your pc so that we can see some more trades. Keep up the good work. niftymover 1 Quote Link to comment Share on other sites More sharing options...
Paul_tan30 Posted January 20, 2012 Report Share Posted January 20, 2012 Yeah nice job Niftymover. I am too checking every day. Keep up the good work Paul Quote Link to comment Share on other sites More sharing options...
Paul_tan30 Posted January 20, 2012 Report Share Posted January 20, 2012 Nice job Yeah nice job Niftymover. I am too checking every day. A little worry when I see drawdown during the week. However so far so good. Keep up the good work:D Paul Quote Link to comment Share on other sites More sharing options...
leeb77 Posted January 20, 2012 Report Share Posted January 20, 2012 Can we follow your signals or learn more about the method on a long term basis? Thanks Quote Link to comment Share on other sites More sharing options...
niftymover Posted January 21, 2012 Author Report Share Posted January 21, 2012 kindly follow my trades from next Monday you all will get trades with stop loss Quote Link to comment Share on other sites More sharing options...
chonpz Posted January 21, 2012 Report Share Posted January 21, 2012 what kind of system are u using Nifty? Quote Link to comment Share on other sites More sharing options...
leeb77 Posted January 21, 2012 Report Share Posted January 21, 2012 thanks Nifty that would definitely add more security even if just psychologically Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 23, 2012 Report Share Posted January 23, 2012 Hi Nifty, I'm still struggeling with your entries You sold eurusd at support and audusd at a breakout to the upside of a triangle Chartwise on the daily there isn't much between 1.05 and 1.0750 on audusd Only thing I see here is a change in risk sentiment or disappointing CPI on wednesday to reverse audusd What makes you think that the breakout will fail? Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted January 23, 2012 Report Share Posted January 23, 2012 Hi Nifty I obsevered your trades on Monday(23rd Jan). You opened 4 trades and ALL in the wrong direction. As of now 9.00 clock you are in a drawdown of $477 dollars.... I must admit your trading is sucidal for anyone who is following you. You opened trades in wrong direction and refused to close it when it was going against you. This kind of trading might be OK for demo account but for real account it is a diaster. The trades you opened were very clear trades which should have been opened in the opposite direction. My suggestion to anyone following you....be careful.... Quote Link to comment Share on other sites More sharing options...
leeb77 Posted January 23, 2012 Report Share Posted January 23, 2012 No stops being added to the new trades as Nifty said there would be? Can the system not work with stops? Thanks again for sharing Nifty Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 23, 2012 Report Share Posted January 23, 2012 (edited) No stops being added to the new trades as Nifty said there would be? Can the system not work with stops? Thanks again for sharing Nifty The way he places his entries suggests not to use a stoploss The changes for massive reversals a very high because of the overall uncertainty What we're currently seeing in eurusd looks like a short squeeze and not a change to the better with europe The risk I'm seeing on audusd is 1.0750 area and eurusd around 1.3250 Edit: To make some back I would set a limit sell at 1.3025 and play the NY pullback....but that's just me Edited January 23, 2012 by iwjw Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted January 23, 2012 Report Share Posted January 23, 2012 Hi Leeb...the system cannot use stop loss because Nifty's entry is not clear...he is not certain about his trades Quote Link to comment Share on other sites More sharing options...
iwjw Posted January 23, 2012 Report Share Posted January 23, 2012 ok, both shorts on eurjpy and gbpjpy are making sense to me Still not understanding how you are trading....comparing with your other trades I would have expected a buy on both Quote Link to comment Share on other sites More sharing options...
atilabr Posted January 23, 2012 Report Share Posted January 23, 2012 The week started badly, it is still early to judge Let's wait. Quote Link to comment Share on other sites More sharing options...
leon1 Posted January 24, 2012 Report Share Posted January 24, 2012 It is interesting to see how long it will take for him to blow his account... my bet is within one month. Quote Link to comment Share on other sites More sharing options...
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