Yes, because I believe we will see a bounce of the Top of the Master Candle as the main set up - Sell. I need the H4 candle to BLOW through this resistance before I would go Long. I am now selling just with micro trades - hit rate is around 95% but ...

Cable Update (GBPUSD)

I am holding off on taking a trade on H4. I see no higher high here and the pressure to push it down on the Master Candle is strong. I will be looking for either a Sell off on M5 or a Breakout on H4 tomorrow.

Cable Update (GBPUSD)

Hi Geek I am surprised you are answering in this matter when you are in fact a algo trader for the last 20 years. Surely you know how to handle a draw down. This is common knowledge and is being used by full time Algo traders for a few years now. I ...

Cable Update (GBPUSD)

Hi xtradex You haven't even tried to answer my question, I was only trying to help you. Now cut out the smart remarks and just for a moment think how it could be done. I am not going to spoon feed a newbie. Again, how can I offset a draw down

Cable Update (GBPUSD)

Hi Xtradex I will give you a clue. A martingale trading system is just a MEME trading system where we focus on the exit strategy. So in affect we are optimizing a strategy to achieve a end result of a good profit AFTER keeping the draw down to a low ...

Cable Update (GBPUSD)

Hi ChiForex My last word on Martingale before the action starts. There is a method to control draw down to 5% on any grid system while profiting very nicely along the way. Just because a trader is not aware of strategy's that can deal with this ...

Cable Update (GBPUSD)

Almost time for some action- my bet is BUY

Cable Update (GBPUSD)

Hi HaLBot Yes, proper MM is key in running these strategy's. But traders like xtradex are totally unaware of how to run a strategy of grid EA's because they haven't been shown how the pro's do it. It would be a light bulb moment for them.

Cable Update (GBPUSD)

Matingale has a bad name because many traders always think they have to double up on every entry to win, only fools do that. There are other methods to this madness that pay big $ if you trade grid strategy's outside the box.

Cable Update (GBPUSD)

Hi Geetrader Not if its done with skill. I was asking hnsx99 whether he/she had a plan for this MEME style of trading. I trade many of these systems myself so I am always interested to read how other traders handle their draw down and their money ...

Cable Update (GBPUSD)

That is a great way to trade but WOW, you open so many trades. You must me increasing your trade size each time if I am correct. May I ask if you trade this style with a set plan

Cable Update (GBPUSD)

Hi Munchie I believe US traders are bound by FIFO rules so you can't trade both ways on the same account. You would need two accounts, one for long and one for short and transfer the money between accounts to balance the positions. Anyway in ...

Trading Made Simple

Hi Munchie All fully automated. That was one 10 k account trading 7 EA’s. Two primary EA’s which are reversal models, 3 trend models to use hedge the first two models. Also two more models to handle any flash crashes which may occur again. They ...

Trading Made Simple

Forex can be very profitable and very easy to trade with the correct tools, some traders just never found the right pathway. If it goes up, BUY with a Average Price Exit Strategy using a EA. If it goes down, SELL with a Average Price Exit Strategy ...

Trading Made Simple

I think using the HA colour change on a Daily Candle setup is NOT allowing a MEME system enough room to be able to accumulate pips. You would have to use a very low ADR gap and risk a major account draw down in a big move. Its just too sensitive for ...

Trading Made Simple

Lets Work Lets roll up our sleeves and open up our eyes. I must say a nice extended spike on GBPUSD above the TMA is just bombastic Did anyone catch the GU move 20 minutes ago.

Price action at the core / tma intra day

Hi George Now this is the sort of thread we need here on Forex factory. I also trade the 1 minute chart with TMA bands so lets see where you are going to take us. This is your place and your rules so give us all your'e got. I'm subscribed

Price action at the core / tma intra day

Hi Ellen I believe a good test period is 100 trades on any system. Hope your strategy works well for you. I personally never look at win rates as it means little to the profitability of a system. I am only concerned on achieving the highest profit ...

How to lose money

That is the biggest mistake you can make. You have no fear trading 0.01 Lot size so you won't care if you win or lose. If you don't care, you won't learn much. The main reason however is system development. You need to be able to test your trading ...

How to lose money

Tick speed is the urgency of the market to move quickly to close orders. This creates micro gaps in the market which we almost never see on a H4 candle but can see on occasions on the M1 Charts. The problem we have on the MT4 platform is it misses ...

How to lose money