Dove_Services

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Education

Cashback

Joined May 17, 2013

Posts 33

Connections 0

Experience More than 5 years

Location Australia

Bio

Over 15 years experience in trading equities, indices, commodities futures and FX.

Holds a diploma in Technical Analysis from the Australian Technical Analyst Association (ATAA).

Trading style

Predominantly using price action, EW and Median Lines to make trading decisions on entry, protective stops and exit price targets.

Adopts a conservative trading policy to minimise drawdown and risk to equity.

Chart

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Systems by Dove_Services

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Recent Posts

There is no way you can average hundreds of pips per month

Really? Do you have a myfxbook link to substantiate the claim?

1851

Jan 27, 2018 at 02:10

Low leverage is dangerous, why?

The idea that lower leverage increases risk is intuitively wrong and defies basic financial logic. I am amazed by the conflation in logic used to make such an argument. Leverage is simply a form of financing mechanism. Leverage vs no leverage is just financing structure between the use of debt vs no...

4767

Dec 09, 2016 at 21:50

Solid Growth

Even if you go for a full re-set, you are still way ahead in terms of equity growth. You obviously are doing many things right except in letting your losses run. I think long term you need to address your discipline in taking losses if you intend to have continuity in this business. What can you do ...

581

Dec 08, 2016 at 07:53

Redemption

I think intuitively you know where your main trading issues are that you need to work on i.e. protective stop and re-entry strategy. I believe if you adopt a two part position sizing strategy it would alleviate (partially) stop out issues because of stops being too tight. The benefit of taking some ...

1195

Dec 08, 2016 at 06:56

Solid Growth

You seem to have a problem taking losses. Your history of 499 closed trades show a 489/10 mix in terms of win/loss. Your 18 open trades are all in a loosing positon. You have more open trades in a loosing position than your entire trading history. I don't know what your risk management strategy ...

581

Dec 07, 2016 at 23:04

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.01216	GBPUSD	1.2166	AUDUSD	0.6188
USDJPY	156.255	USDCAD	1.4474	USDCHF	0.9145