Its Friday and with a pretty strong run over the past 4 odds weeks with gains of close to 1000 pips its likely to be some profit taking and position protection. If your short, your loving it.

EUR/JPY Trading Room

From the Daily also we can see that we are right back at the S/R zone that this pair seemed to linger around in the past. The upside is the CHF not wanting too my appreciation on the rate. The daily looks like it will paint a nice Pin Bar SFP, but ...

Fail Better

of course trading account sizes has an impact in trading but does it make you successful, the answer is No If you don't have a plan for trading a 2k account, what makes anyone think that now you have a 200k account that you will be better off. In a ...

Does having adequate account size help make a success?

It could also be to do with closing out positions and closing positions 1 & 2 and leaving 3 and whatever else. Some brokers do not have partial position closing and the FIFO rule may inhibit the exit process as well. In the end I think only Greg can ...

My GBPJPY trade journal

For every 100 trades where you practise this there will be the 1 that doesnt come back that you add to that doesn't come and suddenly you face ruin. Years ago when I first started learning I met a person who over a short period of time amassed over ...

Stepping out of a position

First off lets start with the obvious. You mention you have traded many strategies/systems over the years with different attitudes, and this post seems to be filled with the wrong kind of attitude. At what point did you decide to give up on one ...

Forex = legal scam

They are just the location of the order relative to the market location. For instance if you want to short the market but it (the market price) is currently above the location you are wanting to short then you would place a Stop Sell order, that way ...

Difference between stop-orders and limit-orders

I think it is different for everyone but the point I would like to make is that it needs to be an amount that actually makes you stand up and take notice of your trades, to management them and enter on your plan. My signiture (which I got from ...

The 95% of losers, it's true?

Fear and Greed — Let me present this in light of Greed to push small accounts further, limiting true profits and Fear to trade a larger account because you can establish the trading rules that could make you successful. The trouble with the ...

The 95% of losers, it's true?

I wouldn't imagine it is to high but in terms of capital it doesn't need to be. Lehman brothers in the end had figures than ranged for 16:1 to as high as 50:1 depending on which side you asked. Whilst leverage allows you to open more positions than ...

EUR/CHF

My guess for why (not sure if they do or not) they wouldn't look at the 1% per week is that swaps are a very small portion of a larger risk. For example what risk have you got on the table to get that 1%, what drop in price would expose a loss to ...

EUR/CHF

Results are good, you have held them over a period of time and allowed them to grow but here is your problem. 5 months, 5 closed trades and 2 open. Not alot to work on to determine long term profitability plus its demo so the real test is holding ...

Please comment on my performance

Its hard to say with that screen shot as it doesn't give anyone any indication of what has happened before, the trend, and bias, what time it occured (Tokyo, London, US (early, late etc). An inside bar is best when it breaks in the direction you are ...

The DIBS Method... No Free Lunch continues

Despite that I actually made money with them early on in my trading endeavour but I doubt my account showed up on the radar. I am accustomed today to running multiple feeds just in case something freezes up. So far I am pretty happy with ...

Pepperstone Forex

Yeah not a real fan, I trade FX through them years ago then noticed they offered CFD's but have to say slow execution and spreads not the friendliest out. It was my first run at a different medium to FX as I wanted to trade Commodities as well as ...

Pepperstone Forex

Official Live pending — After spending the last few hours reading this thread after another trading friend asked if I knew anything about them, I have completed the application and will give these guys a go. I have traded with Oanda for years ...

Pepperstone Forex

Doin well bud, Ive sent you a PM. RT

The DIBS Method... No Free Lunch continues

No it doesnt but the strong breakouts generally happen within the first 2-3 bars after. If you find the breakout is weak with little follow through there is every chance that it may end up faking you out (ie break one way then move the other). The ...

The DIBS Method... No Free Lunch continues

LOL, I wouldn't worry about Patrick. 5 comments in over 3 odds years and the last a few years ago, he is just a passer by circumnavigating the forum world or universe should I say. I reckon there is a higher likelihood that I will see Hayley's Comet ...

The DIBS Method... No Free Lunch continues

Let me elaborate further on the backtesting. Backtesting by design is to capture every signal based on a set of principles. If an edge lies in that testing and a program/script can be created exactly to those rules (completely systemised) there is ...

The DIBS Method... No Free Lunch continues