According to this post: url Kelly determines the optimal % of account to RISK. But assuming this is right, I still dont understand how to accurately calculate the Kelly Criterion. Here is the equation that Ernie Chan uses in his books: ...

Using the Kelly Criterion in actual trading

sheesh you needa chill mr passive aggressive When you put in a long order for 30,000 GBPUSD, what exactly are you buying (or selling or both) ? Do you ever own any other currency besides USD (assuming your account is in USD) ? or are you just making ...

Do you use stoploss?

This is a very stupid question.... What exactly is a unit in terms of GBPUSD? If GBPUSD is at 1.41830 and my accounts currency is USD, how many U.S. Dollars would it cost to purchase 30,000 units of GBPUSD? How do I calculate this?

Do you use stoploss?

this thread toxic

Trading Made Simple

Out of curiosity, how many divergences do you see a day and how many of those lead you to open a position?

TMS for M30 charts

Likica what do you think about this USDCAD setup... both M30 and H1 show a hidden bullish divergence. The previous candle is also an engulfing bar... image

TMS for M30 charts

Im not emmanual but he seems to be trading the pullback. There is a good support at 79.7x. Imma go long when tdi crosses. image

Trading Made Simple

Thanks for the response! I asked because I follow it and it seems very toxic. Though I have read the first 40 pages or so and gained lots of information from it. As a struggling new trader, I dont know what sources I should follow and which ones to ...

TMS for M30 charts

likica do you still follow the trading made simple thread?

TMS for M30 charts

Nice entry! what made you get in there? I entered a little later than you when I saw an rsi divergence

Cable Update (GBPUSD)

nice, what timeframe were you trading

EURUSD

rsi shows a simple bearish divergence on weekly... just by a hair. Goes along with the bearish prospects in the news.

Cable Update (GBPUSD)

there could be a retracement but that seems a little far

Cable Update (GBPUSD)

rsi shows a simple bearish divergence on daily... these often indicate a continuation after a retracement, but be weary of this double top image

EURUSD

nice job! where are your buy limits set and whats the rationale behind them?

Cable Update (GBPUSD)