help! I'm a loser :(

Want your profits run? try switching your current time frame to a larger one. Check if the time to exit there has come. You may also add Stochastic with standard settings on a larger frame and look at lines to cross, if they haven't intended to yet, stay in.

I believe there should be two systems: one for entry and another for exit.
A trader can sit tight and let the profits run till he knows he is following a system, that's gonna tell him when to exit. Without such system deciding on exits is very difficult, not to mention chaotic.

Mike

Hi, this site is good.Let's help each other and learn from one another.I think it is important to have a big heart instead of a small heart trying to hide their strategies.Maybe now i am a newbie but someone teach me some strategies.When the time i am good in forex and discover new strategies, i will share with everyone.But hopefully, no bad guys here trying to give fake strategies to hurt other's.Thanks for the good work guys!

hi, i agree that this a great site. I am only do day trading, and normally i am average 30 min in a trade. Sometimes if my signals stay strong, i might close half my trade, and let the other half run. I use 3 indicators to enter,Stochastic,3,8 Ema's, and then the most important a 25 Ema for trend direction. I never trade against the trend. In my early trading days i have really lost many trades, and a lot of money.

To exit my first half, i make use only of two indicators. An aggressive Stochastic, set at 8,2,2 and the default RSI(14).
If Rsi start moving in new direction, and Stochastic cross, i immediately close my first half of my trade. Then i use RSI(21) and default setting on stochatic to exit my other half. Normally stochastic must stay crossed for at least 2 more candles, then i will exit.Mostly for me EUR/USD pair has the least fake signals, and many times, i catch up to 50 pips, even when trading on the 5 min timeframe.My biggest run was early Jan, 140 pips. This trade was for about 7 hours active, but was worth every second.

Well thats it. Take a nap and try. I hope all of your guys will get to the top.

Koos
South-Africa

Hi everyone,
and thanks for a fantastic site. In the past I've paid a lot, and I mean A LOT of money for some of the very same information that I have found here for free. It really is nice to see so many decent, honest people who all share the same goals of achieving financial freedom trading the forex, sharing their ideas with others. Many thanks to you all. I, like many others, have traded and lost over the past months to the point of almost giving up but I've decided to stick at it a while longer and hope one of you can help me. I have a full-time job at the moment and am looking to trade after work with a view to possibly trading for a living if I can make a success of it, so I am wondering if there is a system out there that can produce profits of 10-20 pips on a REGULAR basis, no more, but regular trading after 18.00 GMT. Sounds simple but is it?? Any ideas would be truly appreciated.
Many thanks to you all.
Andy P

Hi Andy,

There isn't much juice left on the market after 18GMT.
But you may still try trading for 4 hours: from 18GMT to 22GMT.
:) I know what's not going to work for you: breakout strategies and majority of scalping strategies, because they need good trends.

There is an interesting comment (the last one) at http://forex-strategies-revealed.com/gbp-jpy-scalping/cpage-6
which I think may be worth trying.

Cheers,
Rich