i agree in large. Times have changed from the days where you could place a trade with the carry, follow the stronger currency vs the weaker for periods and where news moved a market generally n the way the news should have. Today with sophistication ...

How many people are actually making money rather than losing?

Wow, seriously R2R I'm sorry for coming along. I like the challenge you're trying to raise here but seriously realjumper my initial response wasn't even too you, it was a reply to post 479 and my view of the response. There was nothing aggressive or ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Perhaps I should have been more clear. Some might say trading I'd gambling but that was not the point of my post. I simply replied to a message stating "this" approach wasn't gambling which is BS. Anytime someone risks 50% on an unknown outcome it ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

This whole thread is about gambling. Regardless of how you look at it you are risking 50% of your account on an unknown outcome. It is unknown because regardless of what your approach is there is no certain outcome, if there was then you would risk ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

The ultimate question Scalpeur is would you run this on a live account with 10,000, 20,000 or more. Your net gain is phenomenal however it is a demo account of small proportions. This works well in theory but practically, would a drawdown period of ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Weekly charts is looking interesting with this zone being a major level in a massive bull run. The last few weeks have been solidly bearish but we are reaching the trendline and will be looking for any bullish signs going forward. A failed break of ...

USD/CAD

That is true that it isnt necessary to have large capital and success is independently measured. Having a large starting capital without an edge, a plan and any emotional resolve will likely leave you broke but once you have those things capital is ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I concur

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

That's fine, but the original post was not garnered on a single $50 down, if you lose the amount (what ever it may be) then walk away. Most post since have been about continually loading up with unemotional money, that adds up. I am sure there are ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

It doesn't even need to be the rent money, it could be the $50 that is turned into a months rent (95% house money). Even though someone has made a tremendous amount, they will reach a point, and it is different for each person, where they will hit a ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

While im still here I thought it be sound to see whether your brokers would allow the same leverage required to make this work. Most are happy to give you the fantastic 500:1 when you open an account with your $50 but how many would offer you the ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

So you would wager $50,000 ($50 x 1000)..........

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Im not saying it isn't possible to gain some traction, but the idea that you'll make a substantial amount just doesn't happen. There is, as I mentioned, a massive psychological hurdle to get over when you reach a certain money point, and if the ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

These threads seldom gain momentum because as the account increases, the psychology changes. Taking a risk on $50 is very different to taking a risk on $5000 or $50,000 irrespective of where the account first started. Also 20 best trades of the ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Im short from .51, target is 108.70 area which i dont think is out of the question. Whilst I am weary, I have already taken 1/3 off 109.20, SL is priced at B/E. My thoughts are still in line with the run up and the fact that whilst price may be set ...

EUR/JPY Trading Room

If your short it should be based on a breakout and pullback entry with scalper mentality. Don't want to get to the party too late on a day that is only showing some minor direction. As Lapozi stated, JPY election on the 16th so expect some fireworks ...

EUR/JPY Trading Room