Hi, 40Pips, thanks for the explanation of that trade on 11 April. It is obviously a counter-trend trade, right? Considering that at the time you took it, all EMAs were pointing up. I have been bitten so often with countertrend ...

Trading the Cable swings via averages

GRACIAS!!

Trading the Cable swings via averages

Appreciate if you would show your chart´s TF brother. Is it a week chart or a M1 chart? Thanks in advance.

Trading the Cable swings via averages

Sounds all good, my problem is I am allergic to overnight trading, swap costs, plus these days, "Black Swans" are smelling more and more likely, on top of that, sometimes one word from the US president, and the market slips 300 ...

BBMA System

Make sure forex does not distract you from enjoying your 4-year-old bro.

Rags To Riches V2

Looking at the long list of pairs, if you want to reduce stress, in my humble opinion, one could avoid strongly correlated pairs.I will look at only some less correlated majors, also for the advantage of lower spreads. Pairs like EURUSD have a 90% ...

Rags To Riches V2

Understand, but then on a 0.7 spread, it is almost a 1.5 round trip. Do you adjust your stop and TP accordingly? And, I assume your stop is right below the last H/L, right? Thanks in advance.

Rags To Riches V2

[quote=D1n3r0;15532718] No, money management isn't what the thread is about its more about my trading journey and I say risk 20% of a small account if you can afford to lose it. Understand Still, "risking 20%" is a valid MM strategy. I do remember ...

Rags To Riches V2

Rags and Riches, right? Start with a measly 0,01 size, risk 1$ or something. If you have an edge, once you make 6 risks (ie, 6 $) Then double to 0,02 If you lose 3, go back to 0,01. It takes 8 steps, doubling the size of your bet, ...

Rags To Riches V2

Hi,I remember Rags to Riches dude, really cool. Diversion is absolutely very useful. My question: how do you manage to make a 3 pip profit trading all those pairs and their spread? I only trade EURUSD, M5. To avoid stress and ...

Rags To Riches V2

So basically, you can have 100K in the bank, but expose only 5K to your broker account, and trade/risk like you had 100K. So after the "rare" Black Swan wipeout, you are still alive and well. My only problem is living in the new half communist ...

Prop Firm Hub 2.0

And last but not least: (AI) Yes, it's true—retail trading accounts in the EU are protected by law against negative balances. This protection comes from the European Securities and Markets Authority (ESMA), which implemented ...

Prop Firm Hub 2.0

Next AI question: "So that is one big argument against prop, but isn´t it true that Prop is the best protection against "Black Swan" events, where a normal broker account could be wiped out by brokers simply not honouring stops?" Here´s the answer: ...

Prop Firm Hub 2.0

I asked AI this question: "If a very successful day trader, who only trades EURUSD, gets copied by the prop firm with a large lot size, will that draw the attention of the big players and have those stops and strategies busted?" AI Answer: Where It ...

Prop Firm Hub 2.0