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MHD Signals by Joseph

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  • #31
    nice and steady trading, Joseph. Keep up the good work

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    • #32
      Welcome abroad nc! I don't either like grid and martingel.

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      • #33
        Thanks Hansen! I'm trying my best to not over complicate things. I'm taking my trading seriously and will do my best to preserve my capital and respect my risk management.

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        • #34
          Thanks for the green pips nice trades. nc!

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          • #35
            You're welcome nc!

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            • #36
              yeah, I agree - good trading Joseph. Keep up the good work //Hansen

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              • #37
                Thanks Hansen!

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                • #38
                  Today I got some losing trades. The EURUSD and USDJPY showed some tendencies to breakout on a minor timeframe and I tried to capitalize I that but unfortunately these trades ended in a loss. Total loss today capped below 1%. Generally, on these setups I'm willing to risk but only with a sound mathematical risk/reward ratio.

                  I just want to clearify my approach risk and reward :
                  Perfect trades cannot exist. A perfect trade has a high probability of a big reward while risking very little. All trades are a combination of probability and risk/reward. If one side gets good probability, the other side gets good risk/reward. For a trade to take place, there has to be a reason for both the buyer and seller to trade. Therefore, a trade that is perfectly good for one side is perfectly bad for the other. No one would take a perfectly bad trade. This is one where there is a low probability of a profit, and the profit is tiny compared to the risk.

                  Thus, when trading pay attention to probability and control your greed and fear.


                  Last edited by MHDtrader; 05-30-2017, 07:54 PM.

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                  • #39
                    thanks for explaining, Joseph. No worries. I'm pretty confident you'll make up for the loss soon enough

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                    • #40
                      very good trading today - Thanks Joseph!

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                      • #41
                        You're welcome Hansen. Happy pips!!!

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                        • #42
                          Thanks Joseph, appreciated
                          .

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                          • #43
                            You're welcome fabx!

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                            • #44
                              Originally posted by Hansen
                              very good trading today - Thanks Joseph!
                              I agree. Thank you Joseph

                              Sent from my SM-G935F using Tapatalk

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                              • #45
                                thanks Big River!
                                Welcome to my thread! Hope to see you on simple trader.

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