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  1. Just get forex tester and do the simulations. ...

    Just get forex tester and do the simulations. Its the ideal tester on the market I know of. I use it to simulate how rich I can become in 3 years. Took me a painstaking 3 weeks to complete running...
  2. 90
    110,495

    93925 I didn't get a chance to read the whole...

    93925 I didn't get a chance to read the whole thread but if I am not mistaken the initial trade is started using the 7.55-8.00 candle, in precisely the same direction.
    I trust this helps.
  3. I can't imagine trading without loss , but a few...

    I can't imagine trading without loss , but a few people do it and do it successfully. At the end a strategy that is appropriate for you is all that matters, regardless of what that strategy is.
  4. I can't imagine not having a stop loss, but at...

    I can't imagine not having a stop loss, but at the same time I greatly admire people who do not and are powerful anyway.
  5. I concur - learn how to use a stop loss nicely...

    I concur - learn how to use a stop loss nicely and apply it, that is one's best choice. I would not advise going away to that sort of trading, although it is likely to trade without it.
  6. The few times I've attempted to hedge it has ever...

    The few times I've attempted to hedge it has ever ended up in disaster for me, so I avoid it now completely.
  7. I can't bring myself not to to use stop loss. ...

    I can't bring myself not to to use stop loss. I'm far too anxious about random spikes - that they occur - and about losing my net connection, which also occurs sometimes.
  8. Aren't you worried about losing your Web or...

    Aren't you worried about losing your Web or trading platform host link? Those are my most important reasons.
  9. How do you prefer to set your stop loss? Which...

    How do you prefer to set your stop loss? Which factors do you take into account if you do this?
  10. If you could be seeing your charts daily while...

    If you could be seeing your charts daily while you trade would you avoid using stop loss? Wouldn't you worry about reduction of Internet or server connection?
  11. I agree, it's a really poor choice to do this. ...

    I agree, it's a really poor choice to do this. It's important to stick to one's plans.
  12. Question - do some of you have the urge to move...

    Question - do some of you have the urge to move your stop loss when you see the price approaching it?
  13. Aren't you worried about random spikes that could...

    Aren't you worried about random spikes that could happen too quickly for you to shut your positions?
  14. That's the 1 issue when using SL -- it's...

    That's the 1 issue when using SL -- it's difficult to place it properly so that would not occur.
  15. The dilemma is that if you don't understand how...

    The dilemma is that if you don't understand how to place a stop loss correctly you're doing something similar anyway.
  16. I stress on this -- if it is used, stop reduction...

    I stress on this -- if it is used, stop reduction is a necessary and useful also. If you do not use it correctly you're going to wind up losing as much cash as you would with no stop loss.
  17. To be truthful I am less concerned about large...

    To be truthful I am less concerned about large movements - which is, apart from the volatility encompassing news events - than I am about losing my net connection. It can occur once and cause...
  18. On the other hand a poorly put stop loss may make...

    On the other hand a poorly put stop loss may make it even riskier. This is a bit of a double-edged knife.
  19. I concur completely. Always be ready for the...

    I concur completely. Always be ready for the worst while hoping for the best.
  20. Even a little trade size may hurt if there's an...

    Even a little trade size may hurt if there's an unexpected effect news event which is responsible for a big spike. You can be protected by A stop loss from that, if it's well positioned.
  21. Trading with positioned stop losses may also...

    Trading with positioned stop losses may also burst your account. You has to understand how to use it properly if they would like it to be a useful tool in controlling their transactions, although...
  22. I can only talk for myself, but that random spike...

    I can only talk for myself, but that random spike or flash accident which happened lately on the GBP pars made me more careful about trading without a stop loss.
  23. The problem must understand which support and...

    The problem must understand which support and resistance levels are the largest reason for concern.
  24. It is not a significant problem in the sense that...

    It is not a significant problem in the sense that it doesn't occur very often, but when it does occur it's quite unpleasant.
  25. True. Until the wi-fi gets pumped out by the...

    True. Until the wi-fi gets pumped out by the power outage too. It happened to me after, I still cringe when I remember.
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