Forex Risk Ratios - Should You Use Them?

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

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@GG-tf9gy
@GG-tf9gy 4 жыл бұрын
A good trend following system will allow you to profit on the trends while at the same time somehow mitigating losses on whipsaws. By using that rule of scaling out you are protecting your bottom line while at the same time allowing yourself to profit on trends. I really appreciate this information. Thank you.
@magiczeroone
@magiczeroone 6 жыл бұрын
As a brandnew beginner in FOREX I never understood the other "Gurus" praying that it is so important to stop your win! Everybody is teaching those ratio-things… Stop-Loss is ok, but cutting my potential win never sounded logical to me. Using those 2:1 or 3:1 ratios is preventing everybody from really playing the game and win. I can see now that this is really b*sh*. Stop-Loss and Scaling out is great! Thanks, VP, for the truth about this.
@ukdrillmusic7734
@ukdrillmusic7734 3 жыл бұрын
No one makes it in forex as retail traders
@nicklas8112
@nicklas8112 4 жыл бұрын
I feel like you might be the "Richard Dennis" of this century VP, and we are your turtles. If you read this comment, thank you for teaching all this valuable stuff, it is really life-changing, you are a good person.
@earthwalker4538
@earthwalker4538 6 жыл бұрын
May God bless you, and I know already has. I can't thank you enough for your amazing direction and actionable motivation. Anything I can do to help you back then let me know. Keep up the great work VP I am daily acting out these lessons and very thankful!
@Duospace
@Duospace 6 жыл бұрын
Agreed!
@hesit7591
@hesit7591 4 жыл бұрын
@@Duospace you having good results trading with an algo?
@willlister1854
@willlister1854 4 жыл бұрын
I’ve cancelled my Netflix subscription due to these videos lol
@AtRest2k
@AtRest2k 4 жыл бұрын
We're you able to get the aroon indicator?
@georgebryandiaz7061
@georgebryandiaz7061 3 жыл бұрын
how has your trading been since ?
@RixiRooTM
@RixiRooTM 4 жыл бұрын
Yup. Going over your videos... over and over... relentlessly. Every time I come back, after watching or reading something else of yours, I pick up something that I missed before! You are changing my life, and my mind!
@Kal1Don
@Kal1Don 4 жыл бұрын
When I first found out about Forex I wanted to learn about it but I couldn't afford the classes. Your videos made me learn a lot and I dont think i'll nothing in those classes compare to what you've taught me.. my Win rate is getting pretty good and with my stop loss on point. I am becoming profitable. You doing this for free should be illegal lol Thanks bro
@dangeloaugustok
@dangeloaugustok 5 жыл бұрын
I am grateful for learning english out of games & articles, just so i can listen to contents like this one.
@edgarspaulovskis6561
@edgarspaulovskis6561 5 жыл бұрын
Discovered this Chanel a week ago, since then all my free time has gone in watching it and i don't have a lot of it. @ this point i feel like a water filter letting all the great tips thru and filtering the shit out. Have learned a lot more in this week than slowly figuring it out by myself for the last year. Thanks VP! Your a legend.
@zacchaeusisrael3466
@zacchaeusisrael3466 6 жыл бұрын
You’re the best in the business bro
@Red123Road
@Red123Road 5 жыл бұрын
thanx for your time! the least I can do, is to like and comment on your videos! I have been trading for 15 years and from I start to follow you, I have increased in my wins with over 40%. So THANX!!!
@Calraq
@Calraq 5 жыл бұрын
Hey VP, wanted to start this comment by saying I am a huge fan of your channel and have learned so much from your videos. I rarely ever comment but I have watched all of your videos and still get excited when new ones come out. I wanted to write this comment to tell you about an indicator I have had a lot of success with that you have mentioned in one of your videos talking about trends. The indicator is Super Trend, you used it as an example of a chart indicator, thanks to you I tested the indicator and found that on settings 10,1 the indicator has a lot of success. It does have some false entries but paired with the other pieces of the algorithm it works great. I am currently using it as my primary confirmation indicator. I just wanted to thank you and share one of my great findings with you, hopefully you can add it to your toolbox.
@AbrahamLeanin
@AbrahamLeanin 3 жыл бұрын
This is now my favorite forex channel on youtube.
@dragonitivic
@dragonitivic 4 жыл бұрын
i think this is the most important video youve ever made. This is pure gold. This is what separate a breakeven trader from a 1%er. You are unique. Thank you
@yaseenkhaliq
@yaseenkhaliq 3 жыл бұрын
I LOVE THIS MENTALITY !!!!!!! i nearly paid for a course!!!! amazing 2.5 years on !!!!! GOLD
@hakeem4793
@hakeem4793 4 жыл бұрын
Nnfx and (l)earn instead of Netflix and chill for me 🙋‍♂️ using my time right this lockdown
@hunnypuff9620
@hunnypuff9620 5 жыл бұрын
WOW JUST WATCHING THIS VIDEO AND LEARNING ABOUT WHAT YOU SAY ABOUT BREAKING MY TRADE INTO 2 IS EXACTLY HOW I TRADE AND BOTH OF THEM WIN ALOT OF THE TIME. I KNEW I HAD A POWERFUL SETUP I CREATED I JUST DIDNT HAVE CONFIRMATION UNTIL I LEARNT ABOUT SENTIMENT. I CAN NOW USE MY TRADE SET UP TO PLACE ACCURATE DISCAPLINED TRADES ALL THANKS TO YOU. I SO UNDERSTAND THE WAY YOU EXPLAIN THINGS ITS SO SIMPLE BUT FOR YEARS I STRUGGLED DOING THE THINGS I SHOULD NOT HAVE. I NOW ONLY USE A HIGHER THAN USUAL MOVING AVERAGE CROSS ON A SUPRISING LOWER TIMEFRAME AND ALONG WITH DAILYFX I CAN NOW PINPOINT MY TRADES. I WILL DEFINITELY GIVE CREDIT TO NO NONSENSE FOREX WHEN I SHARE WHAT I HAVE LEARNT. ABOUT BLOODY TIME IS ALL I CAN SAY LOL. I HAVE WANTED THIS FOR LIKE ALOT OF FAILING TRADERS THAT NEVER GIVE UP YEEEEEEAAAAAAARRRRRRSSSSS LOL
@BuckI2Bdad
@BuckI2Bdad 6 жыл бұрын
VP, I am a new sub to your channel and want to say thank you. I have been trading on and off for 2 years with both live and practice accounts with some small successes and have been to some free introductory classes that have helped a little. However, just by watching 5 of your videos you have cleared up a bunch of the bad habits I have picked up on my own and the ones I was taught. I will start trading live again after go through the rest of your channel. Thanks!
@theforexcodes8133
@theforexcodes8133 6 жыл бұрын
Excellent. Its about eliminating the bad habits first.😉
@benedictisaiaschan2630
@benedictisaiaschan2630 6 жыл бұрын
Every videos you make is so logical and practical! I couldn't wait learning every single thing you are about to share on this amazing channel. You are truly an extra-ordinary Mentor! God bless you more Sir VP!
@Ernaldaes
@Ernaldaes 6 жыл бұрын
Going over your videos again and again, drilling the principles in like life itself depends on it ;-)! I salute you sir, even in the far Belgium your student base is growing.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
More Belgians is never a bad thing!
@fishertheadore6095
@fishertheadore6095 3 жыл бұрын
@@NoNonsenseForex, Jean Cluade Van Damme would approve of this Message.
@vocalist1
@vocalist1 3 жыл бұрын
Just going through your videos from the beginning and I've got to this point. I've been trading for 25 years, I've won and lost but never was consistent. It's testimony to my love of charts and my burning desire to never give up. I've read Michael Covel's trend following book over and over again but never had a hard and fast rule based trend following system. For me, this video in itself is worth it's weight in gold and is a real game changer as far as I'm concerned. You should be right up there with the turtle traders, Bill Dunn and Ed Seykota and your value is more important because you are a teacher and a guru. Thank you for doing something that no one else is doing. Ash
@ExpatTraderFX
@ExpatTraderFX Жыл бұрын
Sometimes you need to know when to give up, if your going on 25 years and still haven't made decent profits than it's possible its not for you and don't waste another 20 years
@dee23gaming
@dee23gaming 6 ай бұрын
25 years?? 💀⚰️ I'm finding profitability and consistency after 1 year and 4 months. So you've been unsuccessful at trading for longer than I've been alive.
@johnathangrey3463
@johnathangrey3463 5 жыл бұрын
ME: yes? You: NOOO!!!!
@bitminer9068
@bitminer9068 6 жыл бұрын
Ok VP i m new made some mistakes. But now i m watching every video again second time. Made 8 trades in 2 days and are still running at the moment and 6 off them are profit already... man thank you! Best regards
@erich-heinbotha2488
@erich-heinbotha2488 5 жыл бұрын
This is the type of stuff you don't find anywhere else or when you do they give a brief explanation. Recommended your channel to all of my fx friends
@themixchannel1816
@themixchannel1816 5 жыл бұрын
The most realistic Forex guy on KZbin..:) lol
@OlegBin-e2c
@OlegBin-e2c 9 ай бұрын
VP I see your point regarding using Ratio in the trading. I also see that lots of traders misunderstood of how and what for Ratios should be used. Actually, Ratios is a confirmation indicator and the rule tells: "Do not trade if you have at least 2:1 or better P/L ratio." It does not say take/cap your profit at x2 times of SL.
@mohammedalsenan2433
@mohammedalsenan2433 3 жыл бұрын
VP you are the best ... If I knew this when I started trading my trades would be totally different.... I am still watching and consuming all the content and applying them and I can not imagen the improvement I am in so far .... Thank you thank you million thank you
@cdowis
@cdowis 5 жыл бұрын
I want to say that this video and the scaling out video have turned my trading around to consistent profit. Amazing!
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
YES! This playlist alone can change things completely. Glad it helped.
@Ricardo-ep4mr
@Ricardo-ep4mr 5 жыл бұрын
Have any life coaching videos? 😂 The shit you say always makes so much sense. Thanks VP you're a legend man. 😎
@incatraderfx
@incatraderfx 6 жыл бұрын
Best advice from this video, “ never cap your profit”. The way I take it, “ SL in profit, let the compound effect take over”
@theforexcodes8133
@theforexcodes8133 6 жыл бұрын
Sounds reasonable...
@focus45554
@focus45554 4 жыл бұрын
The problem with risk to reward ratio mainly is it forces you to put a stop loss at certain places and guess what, the bankers know the most common risk to reward ratios meaning they know where the stop losses are and they will drive that sucker right towards them all day long.
@danstone3673
@danstone3673 5 жыл бұрын
I read most of the comments before I thought I'd throw in my $.02. I'll admit, I didn't think a video on ratios would elicit such a degree of polarization with regard to some of the opinions scribed herein. There were some who seemed genuinely offended that the very notion of questioning the "ALMIGHTY 2:1 RISK TO GODDAM REWARD RATIO" was sacrilegious and those who oppose it should be banished. I wonder if the point was missed...I apologize for this tome, but it's doesn't cost anything to try and help those who might need a little nudge in the right direction. 1) Trading any ratio is an all or nothing venture. It's basically binary - it either comes to fruition, or it stops out. Amen, period, and end of story. Most retail traders do not place multiple trades from the same price. It's not what we were taught, nor was it ever advocated by those who "teach". If you do, then you my friend, are an anomaly and Godspeed in your trading. 2) I have in fact, heard those discuss scaling out to some degree but many do not actually possess the discipline to take a preset portion of their trade off. That's greed a-knock'in - one of the two demons that will stymie your best efforts. Hence - place two (2) trades. Easier to take one off, mentally and emotionally. 3) If you trade an algorithm with a decent exit indicator, more often than not, it will signal you to exit a trade before you hit your stop. It's not personal. The market is not screwing with you. Take the trade off and look for the next one. Business as usual... 4) Why, why, why would you want to stop a trade in profit with a fixed (and arbitrary) point of profit? Lookit - I'm not trying to piss anybody off but seriously - think about it. "Hmmmm...the trend is strong with this pair, but I'm at my rinky dinky R/R ratio (which was probably based on a small stop from a support/resistance/trend/fib/pivot/imaginary line) so I'd better take my rinky dinky profit. After all, nobody went broke taking money off the table, right??" Hells bells...I'd rather be smart about it and *A* Use an exit indicator to get out. *B* Initiate a trailing stop at some point after moving your stop initially to break even with a number that works well for you (I've played around with some real killer indicators that calculate a trailing stop based on ATR. Fucking awesome runs, in my humble opinion). *C* Watch volume for signs that the trend may be entering a consolidation phase or a counter trend reversal and tighten your stop in case price decides to back over itself. Protect yourself, and your position. If you are from the R/R ratio camp and it works for you - carry on as usual but I'd imagine you're intelligent enough (since you're here listening to these podcasts) to admit that this concept has exceptional merit. Try it on a trade (demo account please) and see how it does. Peace, out.
@JLH1956
@JLH1956 5 жыл бұрын
Taking God's name in vain just made me stop listening to you altogether. To many your profanity toward the God that created you is offensive. Stop it!
@bottle1211
@bottle1211 4 жыл бұрын
@@JLH1956 You missed out on some good information.
@yasiral_asady7623
@yasiral_asady7623 4 жыл бұрын
It's probably the first time i comment on youtube but men you made do it i've been watching your videos for 3 Days from the first video and writing notes and Never skip one video and all i can say that you're a LEGEND thank you and i really appreciate your work ❤
@MegaMoneylord
@MegaMoneylord 5 жыл бұрын
You are helping multitudes with your frankness and no nonsense approach to your presentations. Thanks bro.
@nixtermmh6922
@nixtermmh6922 4 жыл бұрын
i risk between 25 and 40 pips (calculated with a piece of my algo) with a 100 pip TP so i guess thats 4:1/2.5:1 . when the trades hit 50 pips i move SL to entry and let it run. actually works phenomenally well in conjunction to trend
@realwillbaker
@realwillbaker Жыл бұрын
If you realize you won those trades when the AROON hit 100% not when it first cross over you are not using it right plus change the settings to 3 or 7 for faster entry
@moonbladedance
@moonbladedance 5 жыл бұрын
forex are not quick journey... its long run journey. So, Risk and Reward ratio will help you. That was true.
@StevenByrne1987
@StevenByrne1987 4 жыл бұрын
I am disappointed i did not find you sooner! I recently found you on the Apples Podcasts earlier this week, currently on episode 19 and I am now going through youtube to. Listening to the podcasts when travelling, cooking etc. Watching the videos in the afternoon. Thank you for sharing VP, you are very good at explaining things. Thank you :D
@cazkeymekam6427
@cazkeymekam6427 5 жыл бұрын
Once again man thank you. This should seriously be one of if not your top video. This with proper risk management seems like a sure thing just by itself.....not that I'm about to just flip a coin but still this is powerful stuff.
@skanskar
@skanskar 5 жыл бұрын
I backtested the aroon and was giving me 50-60% win ratio. I produced a bar chart and my losses were small but the wins were big
@nominalkeys7656
@nominalkeys7656 3 жыл бұрын
Can i know how you got the aroon indicator?
@nostromotrades
@nostromotrades 5 жыл бұрын
hey VP! you should consider making a Telegram or some kind of community chat where the community could talk to each other. I think it will thin the number of basic, and repetitive questions for newcomers. It's great for people discussing ideas and helping each other especially newbies.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
There are a few out there, I just don't know the links
@Mike-Downs
@Mike-Downs 5 жыл бұрын
This video has solidified something that I've thought for a very long time, and have been kicked off of webinars , and out of "Trading groups" for. That ratios make no sense, and the majority of people that use them are hope traders. Wanna revenge trade? Use ratios.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Welcome home.
@Mike-Downs
@Mike-Downs 5 жыл бұрын
@@NoNonsenseForex Thanks, words can't articulate how good it is to be here, and on this journey.
@jacharakis
@jacharakis 4 жыл бұрын
Thank you. Ratios using most of the dirty dozen tools have battered my trades and my trading psychology way too much. Not any more. Thank you, Patrick.
@starshipdoorgunner255
@starshipdoorgunner255 3 жыл бұрын
I have never taken so many notes for YT videos. Thanks for the awesome content.
@smayer97
@smayer97 5 жыл бұрын
One thing not talked about is using ratios as a filter... that is to use it to filter out trades that have little chance of achieving the RR Ratio.
@gotomortimer
@gotomortimer 6 жыл бұрын
Thanks for all the info given to us...how psychologically are you prepared to see a pullback to breakeven or even a loss after being 100+ pips in profit.. ?? maybe SL is moved to breakeven and it's not a loss.....but... what about the time invested in that trade?.. maybe 2 weeks if we trade the daily chart? Is it wise to return profit to the market?? Man How do you deal with that??
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Gotta think long term. Emotions have no place.
@chaoqana8553
@chaoqana8553 4 жыл бұрын
Glad I sticked with the nugget. Just started trading again after blowing my first account. Thannks VP!
@shlabedeshlub3334
@shlabedeshlub3334 4 жыл бұрын
How did it go so far?
@resvelpagara5760
@resvelpagara5760 4 жыл бұрын
I have a lot to catch up ... I learned things and applying it in my trade.
@synetic707x
@synetic707x 5 жыл бұрын
so remove take profit, change stop loss to trailing at break even
@KriMi68
@KriMi68 6 жыл бұрын
your way of telling all this things is so refreshing. :) So bad, that I found this channel so late. But I already took the lessions on your site and made a new setup with your advises BESIDE my trading. Just for curiosity.... I will inform you about my experience.
@Jazzy1247
@Jazzy1247 5 жыл бұрын
Michael Krischek This feedback was 6 months ago I need to know the results if you don't mind.
@sevyusevs2008
@sevyusevs2008 3 жыл бұрын
taking profit and moving sl to break even is like, entering the lotterty with profit, thank u vp
@mohammadzakirhossain2384
@mohammadzakirhossain2384 5 жыл бұрын
Dear, thanks for ur different approach of analysis which synchronize my mind. All the indicators are lagging for analysis and want to be avoided. I am new but watched all ur podcasts, sometimes complicated, inspiring, eye opening and sometimes very indirect . Could you be specific about leading indicators(if any).
@TerranZerg
@TerranZerg 5 жыл бұрын
This is the best channel about Forex!!
@melcoool
@melcoool 5 жыл бұрын
hi VP, thanks a billion for your generosity.... i found you before i paid for a professional course, and man i can tell you the great differences of your trading style (algo) with the rest that i've learned.... Can't thank you enough like others do..... now i have found my confirmation indi and baseline, still testing and searching for the right volume and exit indi.... working hard hehe....
@bottle1211
@bottle1211 4 жыл бұрын
I was doing 1.25 to 1 in my back testing. And after testing my strategy thousands of times, one thing I noticed is how much of the actual trend I was missing each time. So I knew there had to be a better way. I was profitable. However I knew I was leaving so much on the table. Still waiting for the video in series ( hopefully) when in the day do I start trading. I'm sure its there somewhere.
@mighty_wolf
@mighty_wolf 4 жыл бұрын
Holy shit this video right here is going to change my LIFE! Thank you infinitely VP!
@Shah2370
@Shah2370 5 жыл бұрын
VP you are a genius! Man love your videos and honestly I cannot thank you enough for all your advise, videos and podcast. I am fresh new to this but am I glad I have found your channel. Things are so confusing out there but you make it sound so easy. God bless, I will never forgot you for the great work you are doing. All the best.
@loucaviotto4193
@loucaviotto4193 6 жыл бұрын
Great video however trying to catch the 600 pips as retail traders is almost impossible. So much shit can happen within those 600 pips. Most retail traders should stick to small gains because of the volatility of the forex market.
@incatraderfx
@incatraderfx 6 жыл бұрын
John Reese , with all respect it maybe be impossible for your mind but not in real life.
@loucaviotto4193
@loucaviotto4193 6 жыл бұрын
@@incatraderfx In real life, most retail traders dont have an account big enough to handle 600 pips brother!!
@theforexcodes8133
@theforexcodes8133 6 жыл бұрын
John I'm a day trader so I get my 600 pips but over a period of time in smaller gains.😉
@rational12345
@rational12345 5 жыл бұрын
I have been watching and reading everything from VP my trading is going from poor trader to getting better trader , I am now a day trader and since I have done this from VP advice I only trade at 940pm till 10pm and consistently make 600-800 pips daily
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
Darran Evans haha. 600-800 pips a day? That makes you the best trader that ever lived. Congrats
@thedougclose
@thedougclose 5 жыл бұрын
Here's my free tip to everyone - reverse engineer your trading algorithm. Take a sample trade like the D1 EURUSD shown in this video - than add/subtract/tweak your indicators until YOUR indicators get you into and out of a trade just like that, without getting into all that noise crap.
@Dimrain13
@Dimrain13 5 жыл бұрын
Interesting, my main question after watching this is... Why scale out when you can set a trailing stop loss? Seems like that would allow a good way to exit without worrying about losing profits. Maybe I'm thinking of it incorrectly.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Trailing stops don't come into play until your up a lot more. Secure wins where you can, then worry about those later.
@scorpionbubai
@scorpionbubai Жыл бұрын
Your videoes are like a piece of gem.
@klackers
@klackers 6 жыл бұрын
Let's just say I will be sticking around for more gems like this. You rock, VP.
@TysonGunterPLY
@TysonGunterPLY 5 жыл бұрын
I am enjoying your videos VP. Thanks for making them. I have a question. In the pairs the big banks don't mess with, wouldn't support and resistance be valid? There isn't a big player manipulating the market?
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
No. Those pairs are just derivatives of those currencies against the USD. S&R is useless pretty much everywhere. Did a video on it.
@MartinSage
@MartinSage 5 жыл бұрын
So persist with your system on a Demo until you refine your sustem to a consistant and realistiic profit maker over the long run
@pintail120
@pintail120 6 жыл бұрын
Aiming for the big runs of pips, this is the core of the Turtle traders system, they made there money by catching a trade that happened only once in a while but went off the chart.
@willhernandez6753
@willhernandez6753 5 жыл бұрын
Thank you, man I want to leave a comment on every video and once im through my last one youll see all the changes ive made progressively through each video.
@moonlightandsunshine6875
@moonlightandsunshine6875 Жыл бұрын
I realised how much i am part of the 99%. Its really nevre whecking how lucky i had been. Lets start growing account
@Tripl3333
@Tripl3333 5 жыл бұрын
The Aaroon...seems to work kind of nicely,better then my algo up til now.........lol lol.
@SBTrading-c7v
@SBTrading-c7v 4 жыл бұрын
I feel like the aroon is apart of your algorithm. Ima keep it in mind. Beautiful video!
@dazza4k303
@dazza4k303 3 жыл бұрын
It’s in mine
@EItinerant
@EItinerant 3 жыл бұрын
How is the Aroon going? VP says "I don't even recommend this one; it's just a basic indicator." So I'm not clear how he feels about it.
@itsdavida5708
@itsdavida5708 3 жыл бұрын
Going through all these playlists and videos making sure to leave a like! Thank you Vp - I will make it!
@Tepalus
@Tepalus 3 жыл бұрын
That's why you backtest with a RR of 1:1 and try to have at least a WR of 67%-68%. This way you have a longterm profit of 68%*0.5 - 32%*1.0 = 2% (100 trades). This is just for fees and spread. The real gains then come from trending markets where you scale out.
@mariosalvador6340
@mariosalvador6340 4 жыл бұрын
I was waiting for some golden nuggets while on my grind on all of your video. I will become one of your REAAAL killers :D
@ArtonAlbn
@ArtonAlbn 6 жыл бұрын
"Dumb dumb jabroni traders" Lmaooo!!
@anon8730
@anon8730 4 жыл бұрын
one reason to cap up side is when you do not have the time to watch your charts all the time and do not have the time to set your stop loss at breakeven.
@edidiessang2148
@edidiessang2148 5 жыл бұрын
God bless you bro. That is all I can say. I'm always so impressed.
@pintail120
@pintail120 4 жыл бұрын
This is based on the Turtle trading system, they would only hit the jackpot one out of ten, when they did hit, they would have massive runs, this is why its imperative not to miss a trade oportunity.
@JenniferMelody-
@JenniferMelody- 2 ай бұрын
I really do have a question. For someone with less than $5,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
@NoNonsenseForex
@NoNonsenseForex 2 ай бұрын
Save your money and demo trade all that
@curtleykedukwakwa5076
@curtleykedukwakwa5076 Жыл бұрын
Came back here again.. still putting my system together
@Blaiserboy
@Blaiserboy 5 жыл бұрын
First trade entered with very preliminary VP approach (no testing dome) and it went profitable within a couple minutes! Confirmation that this approach definitely has ,merit even for folks used to the conventional methods!!
@strangelove5950
@strangelove5950 5 жыл бұрын
Now I can understand the difference between real Traders with 15 to 20 years experience and the junk traders. They speak for to get earn money from educational courses but in real they are looser traders. Love from Pakistan
@thesunris
@thesunris Жыл бұрын
I've been doing 1.5 ATR Stoploss, 1ATR half profit, let the other half run. I stop if it crosses below baseline. HOWEVER. Sometimes a F YOU candle just comes down to my stop loss making me lose a ful 1%, which is a big big loss compared to the half-wins I get. Any solutions?
@VilkasDe
@VilkasDe 6 жыл бұрын
Loving all the videos so far! Already recommended this channel to my FX trader friends :D
@pauliusjarasunas1757
@pauliusjarasunas1757 2 жыл бұрын
Love this channel ❤ this is my no 1 preference to watch. Can not thank you enough!
@bradleyt
@bradleyt 6 жыл бұрын
Update: New NoNonSense Strategy was something to get used to but 100's of PIPs of profit in a practice account. Well, you just can't argue. 😀
@bradleyt
@bradleyt 6 жыл бұрын
Blown away!!! In a good way!
@zboyd900
@zboyd900 4 жыл бұрын
OH MY GOODNESS 🤣🤣 this video almost took me out... I was trying to cook and doing just fine until you mentioned the one piece of broccoli eaters 🤣🤣🤣🤣🤣 this was hilarious but yet it makes so much sense! 👍🏼👍🏼👍🏼👏🏼👏🏼👏🏼👏🏼
@Carma.Repair
@Carma.Repair 4 жыл бұрын
Amazing I can't wait to try what I have learned from you so far and look forward to seeing what else you have in store 👍❤
@matino717
@matino717 3 жыл бұрын
Your video about crypto point to your management playlist as well but how the HECK can we follow it if there is no calculable pip value for BTC...? Got wrecked last year and really would like to get back in the game without the same mistake... heeeelp..... x)
@guillaumelanglois4511
@guillaumelanglois4511 5 жыл бұрын
At some point I'm wondering if VP's method will become so popular that Big Banks will develop counter measures.
@Chip_loves_zip
@Chip_loves_zip 5 жыл бұрын
As he encourages us to make our own trading system, it wil be very difficult for the big banks. He does not give the system itself; only the structure.
@tullochgorum6323
@tullochgorum6323 6 жыл бұрын
Hmm - your views are always stimulating, but here I can't agree. The fixed ratio TP you criticise is naive and a bit of a straw man. Properly applied, a fixed RR can work well - and perhaps better than more complex management schemes. Like you, we trade trends, not reversals. With our backtesting, we explore all the money management ideas we can dream up, and take the average RR ratio of the best. Then we compare that equity curve with a simple fixed TP at this average ratio. So far, we haven't found a situation were the complex money management outperformed the average fixed ratio approach in terms of profitability or variance. Not to say that it isn't there, but we haven't found it. Yes, you miss the occasional big trend, But in compensation, you catch more of the much more common smaller trends. You can't catch big trends without giving the trade a lot of room to move, which pretty much wipes out your profit on the small trends - profits you can catch with a fixed ratio TP. And with a re-entry strategy, you often catch as much or more of the big moves in any case. We've seen this result duplicated by other algo-oriented backtesters. Some of these people are very serious traders with mathematical backgrounds who have done extensive studies of different approaches to trails and scaling. So far we have never found a serious trader offering hard figures that show a complex management strategy outperforming a properly calibrated fixed TP. And where trading is concerned, we are always drawn to the simplest viable solution. And as active traders, we have FAR larger sample sizes than you could ever achieve using day-bars, so we have reasonable confidence in our results. My aim in writing this is to urge your viewers to keep an open mind and test for themselves rather than taking your assertions on trust.
@theforexcodes8133
@theforexcodes8133 6 жыл бұрын
Keep an open mind for sure.😉
@Year9FX
@Year9FX 5 жыл бұрын
VP is a generous hearted man and a great pro trader; But you are right. There is a lot of ways to trade not only the way of VP's. Sounds like "my way or no way" type of teaching.
@jonathanpearson2984
@jonathanpearson2984 3 жыл бұрын
Thanks VP. Great video and even better ....the lessons within!
@rotrades
@rotrades 2 жыл бұрын
My question is, if you’ve built a system that has a 70% win rate on 1:1rr, why wouldn’t you be happy with taking off the full trade there? Because your profitability over the long run is guaranteed isn’t it? I’m just trying to learn more. Love your content man
@30dayschallenge43
@30dayschallenge43 2 жыл бұрын
With 1:1 , it's kinda the same thing of you do the risk/scaleout template he offers
@Larmure2010
@Larmure2010 2 жыл бұрын
If there is a 70% winrate strategy with this R/R on a small TF, just try making 1R per day and on the long run it will be amazing. The only thing I would be scaried of is the spreads and fees
@dee23gaming
@dee23gaming 6 ай бұрын
​@@30dayschallenge43 What VP doesn't tell you is that scaling out actually turns your 1:1 into a negative R:R ratio. If you close half your trade, you don't ACTUALLY book half the profit, you book a quarter. So noooo, scaling out is a bad idea.
@VinnieRodriguez1188
@VinnieRodriguez1188 5 жыл бұрын
This is yet another powerful video from VP! He exposed the flaws in the forex gurus and average traders who get minimal profits while banks get the most gain on their lack of knowledge. He showed us the true way to maximize on riding risk and I can never look at the markets the same again
@Canoneosmiami
@Canoneosmiami 5 жыл бұрын
You should number this videos in a sequence it should be watched and be able to see that number throughout the video in a corner ..
@somtonnamani5422
@somtonnamani5422 4 жыл бұрын
I just feel terrible that I did not know of this channel earlier
@petereastman2663
@petereastman2663 5 жыл бұрын
Many people talk about profit ratios. My conclusion is, the market does not care. The market will do what the market wants to do. I want a profit!
@Duospace
@Duospace 6 жыл бұрын
I feel like everyone should binge watch all your videos and read the blog quarterly/monthly.
@matthewyuki5321
@matthewyuki5321 3 жыл бұрын
Love you bro, putting in the work🙏
@wesentz2112
@wesentz2112 4 жыл бұрын
Fuck yeah!!! I'm looking at this from a new perspective. Thank you for being so thorough.
@lodersracing
@lodersracing 4 жыл бұрын
What is the difference between Scaling Out and Scaling In ? Thanks
@justgjt
@justgjt 5 жыл бұрын
3.48am and another nugget found. simply . . . G O L D !
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