Avoiding Over-Exposure In Forex (Podcast Episode 53)
We’ve covered this a long time ago, but it still ends up being a common question. Episode 53 goes over the many scenarios on …
jobalertshop
June 17, 2024
jobalertshop
June 17, 2024
jobalertshop
June 17, 2024
jobalertshop
June 17, 2024
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50 Comments
@r6854
June 17, 2024 - 3:50 pmI have been forward testing my Nononsense strategy. Adhered strictly to the guidelines set forth by VP. I swear it seemed like trading has become pase. Went from staring at screens all day checking various timeframes, biting my nails in anticipation and being certain that as soon as I was going to go to dinner something was going to happen (FOMA). Now I trade about 15-20 min a day, take a lot less trades, if they are there, they are there, if not maybe tomorrow. have proper risk management (watch the ATR video). He is absolutely right about "we win by not losing" it is truly amazing how it affects your bottom line. More profit, more free time, less panic,.
@raulchaparroUSA
June 17, 2024 - 3:50 pmThis just happened to me yesterday, i was wanting to ask the question but of course i wouldnβt since i hadnβt finish hearing all the material. Also Iβm still on paper trading phase. Thanks man all this stuff really helps.
@tiktokthofs6434
June 17, 2024 - 3:50 pmIs this technique only applicable to just the base currency or both?
@michaeldenzelloo9856
June 17, 2024 - 3:50 pmSo in this case do you only look at the base currency in the pair when calculating risk exposure?
@keithc1
June 17, 2024 - 3:50 pmπͺπΎπͺπΎπͺπΎ
@j.o6885
June 17, 2024 - 3:50 pmTried to like the video midway through it.forgot that I like all these videos before I start watching.you are doing God's work fam
@anythinggoes4763
June 17, 2024 - 3:50 pmmy approach in this scenario will be… only if my technical algorithm are in sync…
eurusd long
eurgbp short
usdgbp long
arbitrage π
@JoshuaHolding
June 17, 2024 - 3:50 pmSorry to ask but, if I have USD/JPY for example. Would that be 2% up for usd and 2% down for JPY?
Many thanks for anyone who replies
@RyanR_27
June 17, 2024 - 3:50 pmWhat if you are past tp 1 at 2% on EUR/USD and therefore have a break even SL in place, so you are at no risk of losing money now, and you then get a signal for EUR/GBP, can you enter that trade since the other Euro pair is at tp 1 so theoretically are you back at 0% risk?
@ericros5784
June 17, 2024 - 3:50 pm3:58 6:28 8:03 now its clear to me on how to trade the 27 pairs… Massive thanks VP!!
@Alkosa
June 17, 2024 - 3:50 pmThis podcast has about 13.5k viewers as of today (26Aug2020), so I think it's a wise route to keep focusing especially on any of VP's material that has less than a 20k of viewers to date!
Those are probably the places were we are going to find the tips, that will help us survive later, when out on the battlefield.
@laurenh978
June 17, 2024 - 3:50 pmI don't feel sorry for those who don't take the time to see all of the videos and podcasts on this channel because they will not find the gems you are giving to those of us who are determined to get out of the rat race.
On the one hand, I want more people to see those videos and get you more exposure.
On the other hand, I want it to stay in the NNFX community… feel me? lol
@manmade1564
June 17, 2024 - 3:50 pmAgain, great podcast VP! Does this same approach apply to trading metals? Because many popular pairs involve USD.
@Lunkyful
June 17, 2024 - 3:50 pmI risk per trade per currency pair even if all are the same base currency. Eur/usd, eur/gbp, eur/chf, eur/cad etc are valued at different rates, so it does not bother be if I go long on both or short on both.
@DJME2FIVE
June 17, 2024 - 3:50 pmMuch respect VP. This is a good reminder to me
@portablefarming5306
June 17, 2024 - 3:50 pmTried to post my comment on discord but I don't have the permission to post comments there or am I going about it the wrong way? My comment though is, PLEASE THROW MORE LIGHT ON HOW TO USE THE ATR FOR STOP LOSS (THE ATR * 1.5 FORMULA), I FIND IT DIFFICULT TO KNOW THE ACTUAL NUMBER TO PICK FROM THE ATR VALUE
@dementeddrewSA
June 17, 2024 - 3:50 pmJust wanted to say thanks again. After watching your video's for 2 weeks, plenty of 3am mornings, finding my indicators and using your methodology I am starting to see a difference. To be honest, I've never liked the daily time frames and it was an adjustment to take everything I have learned and flip it on its head. The first trades I placed using my new system did nothing for over 24 hours which was freaking me out as I was used the excitement of the shorter time frames. Don't know why because I would lose more than win. 48 hours later I'm sitting with several winning trades, one loser and a couple that was down that are starting to pull back in the right direction. The ones that are pulling back probably reacted to some news but I don't follow the news .. anymore π thanks vp.
@poovendrennaidoo1805
June 17, 2024 - 3:50 pm100 % VP realized i have to limit my risk to 2 percent and nit 2.5 percent like iv'e been doing. Thank you mate
@mikescarborough9196
June 17, 2024 - 3:50 pmI really need a blog on why being 2% long and 2% short on the same currency doesn't equal near to 0% risk. I don't hedge, but I thought that was exactly what hedging does. I need to learn why I'm wrong.
@radosavmilosevic5063
June 17, 2024 - 3:50 pmThank you VP……
@kvjqxzz5905
June 17, 2024 - 3:50 pmOK, my brain is hurting less, and I am putting together my system starting with cable, Kijun-sen, ATR, and a fast HMA for trailing stops – it is working quite nicely…I feel rich already…
@nohzainalabidin7069
June 17, 2024 - 3:50 pmthanks Sir. Logical and reasonable argument.
@justgjt
June 17, 2024 - 3:50 pmM M is the grail . .
@therealopmet7059
June 17, 2024 - 3:50 pmSo if I have a trade going long on the eur/aud but its hit my take profit m, the second half is scaling out and my stop is at break even,
I can take another long trade on the euro at 2% risk, because my current risk is zero, right?
@therealopmet7059
June 17, 2024 - 3:50 pmDamn, this stuff just keep getting stronger and stronger π₯°ππβ€β€β€β€
@abdalrahmanayman7069
June 17, 2024 - 3:50 pmGrEeeeedy..
same disease ..we have…
time to over come by our selves OR..leave 4x.
salute bro.
@lucapuzzoli8363
June 17, 2024 - 3:50 pmThank you VP . Top notch as always
@kitchenspiral
June 17, 2024 - 3:50 pmThank you, VP, my online mentor, no matter how good systems I would have developed, it is me who execute therefore psychology always plays big part of trading, which I realized last year and currently working on trader's psychology as well.
@agussumardi9120
June 17, 2024 - 3:50 pmthanks a lot vp, after 5 years in this forex, i can grow up my account with your guide. of course this make me boring because sometime in one day i dont get entry signal, but when the signal coming that is be profit. so many thanks vp, god bless you. see you in top.
@Perfect_Entry_levels
June 17, 2024 - 3:50 pmVP you are The num.1
@hadassaraquel1786
June 17, 2024 - 3:50 pmDo you ever look at price action or market structure?
@motivacioninspiracional
June 17, 2024 - 3:50 pm2% risk 98% thankful!
@pispopd
June 17, 2024 - 3:50 pmHmmm – emotional investment in trades……………..think I've done that before :/
@philiptaylor2567
June 17, 2024 - 3:50 pmBut wouldnβt this strategy support correlation? I remember listening to the first video where you talked about this, and wondering about that. I know you donβt trade correlation. So wouldnβt you view each pair as its own separate entity?
@JustoShowCartoons
June 17, 2024 - 3:50 pmI've stopped trading in my Live account (so hard but I like not losing my money) and started building a system. Invested in a simulation tool (loving it I cant believe how many indi's are trash lol) and I'm working on trying to make 6%+ with 6k in 6 months (i know 666 forex is the devil for some of you lol) so that one day I can join a prop firm and pass the tryouts, take those profits and add it to my personal account and be super successful.
@warren1871
June 17, 2024 - 3:50 pmThanks VP for this reminding Videos π π π
@mohamedakl1846
June 17, 2024 - 3:50 pmKeep going VP , you are really number oneπβ€
@faton7199
June 17, 2024 - 3:50 pmThanks a lot VP, as always your advice and materials are priceless.
@factsandmyths3301
June 17, 2024 - 3:50 pmWhat should be our risk to reward ratio?
@alisabzabadi2195
June 17, 2024 - 3:50 pmI wish VP had also mentioned about total risk of capital you can take per week/month based on your capital. I have seen total 4% of your capital per month maximum for 6 monthly period. You can break it up to 0.25s or 0.5s if you like to take more trades but not more than total 4% per month.
@pedroseverin7224
June 17, 2024 - 3:50 pmIf for some reason all our system tells us to go long/short and we can't take the trade with a volume bigger than 0.01, should we take it anyways and take profit at 1 ATR? Just trail it to see how far we can get?
@syedkazi8193
June 17, 2024 - 3:50 pmThank you VP for everything you do my man. I can speak for many people here including myself who took courses, paid hell of a lot of money and nothing ever clicked. The mentors would say all the "possibilities" and "probabilities" which would rarely to never actually play out. You on the other hand doing all this for free is insane. I don't know if people actually can comprehend the level of education you're providing, it might be going under-looked. I for one though can't thank you enough. Thank you for spreading your passion and I hope we can all do the same and guide people the right way.
@1CarlAnthony
June 17, 2024 - 3:50 pmThanks VP once again for all that you do!
@mathewtabiri6951
June 17, 2024 - 3:50 pmAs always excellent presentation and straight to the point no nonsense forex podcast.I canβt thank you enough VP.
God bless
@sa_supercarz8499
June 17, 2024 - 3:50 pmDo you guys have any good baseline tips and tricks?
@jka671
June 17, 2024 - 3:50 pmGood shit VP! I learn something new everyday from you. Discipline is key here and the book you recommend by Jocko is π₯
@buttbiscuit8384
June 17, 2024 - 3:50 pmHey VP, are you going to use the SSL Channel Chart again in another vid? π
@heathfrost5708
June 17, 2024 - 3:50 pmOh my god just what I needed 2% on every trade for the rest of my days.
@khoowengkean6742
June 17, 2024 - 3:50 pmThanks VP… 2%
@chrismalvers796
June 17, 2024 - 3:50 pmThanks for all the hard work you do VP!