Buy Audusd

[Mongoose]

Buying AUDUSD at 6325
STOP 6299
LIMIT 6420


NOTE: I am not interested in whether this is a winner or looser, it is simply a low risk entry. I am willing to pay the market 26 pips to play a game with a 50/50 chance of winning 95pips.

[CraigBMM]

not interested in whether its a winner or looser .. whoaaaaat? haha .. i think you meant to say something different . lol

[Mongoose]

I would like all my trades to be winners, but I realise that the market cannot be predicted.

What I mean is that, it has a 50% chance of being a winner. It was just a lower risk than reward which is all I look for. I pay my money to spin the wheel. The only thing I can control is how much I am prepared to loose to play the game.

I have listened to HUNDREDS of predictors, and despite my most graceful courtesys, EVERY predictor I meet has always got ultra defensive or agressive regarding his/her methods and nobody can conclusively state that they make money, or that their calls were profitable over a large enough sample AND had an edge over random entry. Perhaps prediction gives the trader something to blame besides themselves, the way the sun shines on uranus was not taken into account for. There was an outlier event that reduced the significance of the event. Whatever. I suggest a good read of Trading In The Zone. Phsychological analysis is to technical analysis as technical analysis is to psychological analysis.

[Mongoose]

Yet you only throw a number at the forum without any regard to stops or limits. This clearly shows me that your understanding of risk is distorted.

Note, I do not charge for my services. I helped make a few people a few bucks last night (as I'm sure they will testify) and I don't need money for doing it. If you go through my trades you will always notice a healthy risk/reward ratio. I also suspect that your understanding of systems is somewhat lacking, but no problems, soon you will start making money in the market through your students fees God help them.

[mojave216]

Craig:

Admire your record and always appreciate your signals. You are also correct in my opinion---we must identify our own stop/loss points.

Mongoose makes a good point about money management---a stubborn problem for me.

Win or otherwise, a little humor goes a long way.

Thanks to all forum participants from whom I continue to learn.

bernie

[Mongoose]

Perhaps the comment was not ment the way it was interpreted.

Let's start fresh again. At the very least this post will be one more step to "Seniority".