With regards the strategy, there's nothing more I can add... all you need is in here... Focus on the risk to reward and forget the win rate. If you have trade examples I will happily comment on them....

H4 Power

I believe this is what we are already doing pip.. Price can't range really, there are only 16 m15's in a h4, its near impossible for the signal not to give an entry or invalidation. back test, you will see what I mean You should never be tricked and ...

H4 Power

What you need to post a chart of the period you tested so I can see how you're entering, sl etc

H4 Power

Ok, some people are getting off course here... maybe I haven't been clear or emphasized a few points clearly enough. The first 3 trades I took last week (posted on this thread) made 4:1, 7:1 and 8:1... So lets say I risk 2% per trade, I am up ...

H4 Power

I don't use any filters What

H4 Power

30% drawdown on 1 trade? can't see why anybody would want to trade like that, so thats 30 losers on the trot if you risked 1% per trade with a stop loss..

Hedge a losing position?

I'm gonna guess i'm not the only one here who has no idea at all what you're talking about

Hedge a losing position?

funny nobody ever talks about hedging a winning position.. I would focus on why you are losing before looking at ways of holding on to them

Hedge a losing position?

never really looked at it, but if it doesn't use s/r or price action i wouldn't bother

H4 Power

here are some articles on his trading patterns, essentially he looked for an inside bar that was also the narrowest range of the last 4 (NR4) or 7 (NR7) bars then trade the breakout. The thought process being that although you wont win all the time, ...

H4 Power

theres not enough information to make a decision there, you need to build a proper risk model for each strategy.. url

Question for experienced trade system creators and theorists

You have managed to make the question very vague? what exactly are you asking? The No Brainers did a lot of work on optimizing their strats/entries... and in general, across the board, big R/R always made the most impact on results.

Question for experienced trade system creators and theorists

[quote=whatfx;6622572] that's a bit dramatic for FF what? I hope you haven't gone short gold with your life's savings?

H4 Power

hahah nice... I bailed on gold for 80, gotta go out...

H4 Power

couldn't resist gold h4/m15 combo... +60

H4 Power

congrats, you're number 3 on the ignore list, unfortunately, there's no prize for 3rd

H4 Power

Price had already tested the daily s/r directly above and h4 could not push down from it, so it wasnt the s/r to stop it, The next daily s/r was about 76 pips and just over 2/1... I will take a 2/1 counter trend trade... remember if price is going ...

H4 Power

another thought is if you're just trading daily levels but not really trading trned too, then you need to be able to switch, you need to have a counter thesis i.e if shorting the daily high fails, price closes over and retests it (resistance becomes ...

Ramblings of a Forex Junkie

If it really is a psychological thing I can suggest tradingwheels video

Ramblings of a Forex Junkie

Doubt im gonna trade more this week, although if gold gives me the bird again im gonna smack her! just want to leave a thought for the weekend, If you believe what I have written about how price will move and how you can track it then it poses the ...

H4 Power