How I Turned a Losing Trade to a Winning Trade.

[rathod]

so what is the option if TPs are not touched by the trend , and here you make two TP..?
maybe with using small lots size, this way is safe but not for the higher one or scalping...
well my friend, i follow your thread to find the understanding about your strategies and i want to try it at demo account
thank you very much

[saiket]

Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade.



Forex trading pair: GOLD = XAU USD
This is an interesting trade on the forex pair XAU USD.
In the chart above, we see a series of forex price action inside bars. (Highlighted in the blue box)
Meaning bars that are smaller than the previous bars.
When a series of inside bars like the above happen.
It means that price is having an indecision of where to go.
It�s like it is gathering momentum, for a burst out of either side.
Which could either be up or down.
So what happened in this scenario is that we placed 2 pending orders. A buy and a sell.
These 2 orders are marked by the gold line (entry) and the red line (stoploss).
So the buy order triggered. (Gold line -Entry) and we got in on a buy trade.
With that, i took away the pending order for the sell trade and made it a stoploss for the buy order.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

When i trade, i would usually have 2 take profit targets.
So that when take profit 1 is hit. Which is marked by the purple line. I would have taken my first profit off and shifted my stoploss for position 2 to break even.
By doing so, i am also on the �SAFE� side. As price may hit Take profit 1 and reverse back down.
And as i have taken profit a TP1, my 2nd position�s stoploss is shifted to breakeven.
So i am in a FREE trade.
So whether or not it may hit TP2. I have already gotten profits.
In this scenario, i have taken profit at TP1 and my 2nd position has hit my stoploss for breakeven.
So i�m out for this trade.
From this scenario you can see that i am not always perfect.
No one is.
By trading on the above method, we are sure that our account size will grow consistently.
Forex Trading Strategies � How I Turned a Losing Trade to a Winning Trade

Lets look at what happen next.



Price went right down after which.
So if i hadn�t had a TP 1 and TP2 method.
I would have kept my stop loss at the red line.
And made a loss on this trade.
BUT By doing playing the above method.
Instead i have gotten profits..
I hope you gain something from this post. Let me know if you did.

Ezekiel Chew
Asia #1 Forex Mentor

Your method is looking good. I will try it in my demo account inside my own system. If I got if profitable than my own style, I may try it in my real account.

[nazia]

in forex trading if do a bad trading which is going to loss then we should be leave the trading and wait until the market moving back and our bad trade will go towards profit. But we should be use a little amount from our capital to any trade.

[smamanbd]

To turn a losing trade to a Winning Trade,fast of all we should be aware of our fault.
And also be serious about it.

[md satu]

i think we can not just use this think ........to be able to trade the Forex market is understood to be basic & a good trading system the founds

[yogesh]

In order to turn a losing trade into winning one the first requirement is we must have enough margin free so that we dont get a margin call and then we may wait to get into profit, also we may do little trading to bring the break even point nearer.

[naijafx]

In the past, i have turned losing trades to profitable trades, what i did was to ignore that trade and continued with my other trading till there was a break even

[nilanchal777]

yes bhai aapne theel he kha humesha stop lose lga kar he trader karna chaiye taki hume lose ho but kam ho,is liye meri aap sab se request hai agar aap me lose khane ki himat hai to fir aap stop lose na lagao aur agar aapme himat nahi hai ki aap lose jada nahi dekh sakte to plz trader karte time he stop lose lga dena he sachi baat hai.so take care.

[sitiz]

we should have a strong capital to withstand a lot of OP and floating minus. While we have floating minus, do not do exit, but by opening a new OP, which is similar to the first OP. And so on. I believe, in the end we will profit.

I think not guarantee the security of the capital, because the movement in the forex market is very dynamic and highly uncertain, let the order of floating minus a lot of us are not able to sleep well and was always anxious and threatened MC, if the use of capital is too large and very small orders this is also not balanced between the income that we spend with a capital

[ayusri]

each of trading, which opened to make stoplos as capital constraints that must be done without stop los capital can be wiped out and could destroy all our trading positions, without stoplos trading impossible we can do well as capital management should also be applied during the trading takes place, there is no trading without capital management capital should therefore really well laid out at the start of trading itself, the rational use of leverage that we can take a lot of trading positions in accordance with reasonable margins and our capital, do not open a position with the hope to be able to rapidly no capital controls.