yes the stop losses are real. It helps me create a large enough space to execute counter-attack orders (Bull Counter Attacks or Bears Counter Attacks) which in-turn changes and finalize a negative open order into a positive closed trades. Possibly, we will encounter these counter attacks before the end of this month.
The stop losses also serves as capital insurance should any unexpected happen. 50% of what we read in books helps you win and the other 50% helps you lose!
PS. With the proprietary strategy, there's nothing like stop loss hunting complained by most traders who use 'bucket shop' brokers.
forexma posted: Stephanus, I understand your concerns and I support the critics against scammers but I don't agree with you in this case. A person could have 5 accounts running 5 different strategies. If 4 of those accounts are in loss and the 5-th is a long term winner that doesn't make that person not credible. That's why there are different strategies and different accounts. I think a person with myfxbook verified account, reputable broker as dbFX, CitiFX, FXCM, FxPro or else and quite large live account(a sign that the person trusts his strategy) cannot be called scammer. As you may see this ain't some 100$ account but it was rather a 40-50k account. Scammers don't conduct experiments on 50k live account.
I quite agree with you.
One other thing i have noticed is that many traders fail to improve their skills because they always look out for loop holes in other traders result waiting for just one mistake just to discredit your abilities rather than try to bring out the positive aspect of your trades and harness it for a better result.
1stECN posted: Buy audcad at 0.9668 sl: 0.9063 tp: 0.9693 Buy audusd at 0.9448 sl: 0.8846 tp: 0.9476 Buy cadjpy at 84.56 sl: 77.77 tp: 84.07
for those who executed the above trades, notice the pair 'audcad' hit its targer before market closing. Now we will continue with audusd and cadjpy which just actvated our bull counter attack mode. Here's what we will do to turn the remaining 2 trades into a positive one with larger profits. We will re-enter the market by 12am Monday and increase target to 0.9500 for audusd and 84.50 for cadjpy.
Summary to re-enter the market by 12am Est Monday:
Buy audusd at 0.9448 sl: 0.8846 tp: 0.9500 Buy cadjpy at 84.56 sl: 77.77 tp: 84.50
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