Welcome back, 5 posts over 3+ years and first post since Jan 2010. I applaud your regular insightful input and hope to see you in another 3 years for your next post

The DIBS Method... No Free Lunch continues

July — We the first month of the new financial year is done and dusted, August is here and I thought I would continue the effort to post results. So July there was only 1 word, Awesome. I got back to trading smarter, was more patient on ...

Razors Journal - Basic trading with PA at S/R

Well I don't generally work in terms of R as I trade a few different approaches so I go in terms of % gained/lossed and as I trade with a risk range of between .5% up to 5% at times, each trade is different. Working out % and average win/loss amount ...

The DIBS Method... No Free Lunch continues

Understood and to be clear I have never being able to successfully sit on my hands long enough to achieve super high end returns. I am more accustomed today to choosing entries and having logical exits that are bound by either a set targer or having ...

The DIBS Method... No Free Lunch continues

Interest swaps only become an issue if the position/s you are holding are not growing for a period or they are in decline and the value of the decline/stagnant position coupled with the long term accumulation of the swaps makes the position no ...

The DIBS Method... No Free Lunch continues

It is not possible to conclude that without knowing the % risk represented in that R. For example I could have a 5% 1R and a 1% 1R so essentially a 400R could represent 2000% or 400%. Yes over a period of time you could conclude why hold a 200R ...

The DIBS Method... No Free Lunch continues

Its funny but I was adamant for doing the 1:1 all the time, today it is more circumstantial and along the lines of Peter stating there will be times when he knows a stronger move, or a move in general has a stronger chance of working out, today I ...

The DIBS Method... No Free Lunch continues

David there is a reason why you are one of the greater, clear thinking minds on this site. DIBS was never intended to be traded as every inside bar that occured however it is recommended during the start out phase to identify and learn the better ...

The DIBS Method... No Free Lunch continues

??? The only thing that I can think of would be the leverage setting being low meaning more of your capital is tied into the margin. Saying you risk $60 is too vague to answer your question. What needs to be stated is the lot size to trade and SL ...

Lot size and margin call

Here's a starting point. Pull up a chart, take the scroll bar all the way to the left and then start moving it slowly to the right. Analyse, Analyse, Analyse. Looks for repetitive patterns, repetitive setups, points where trade could potentially ...

How do forex traders predict price?

For its simplicity I think this is one of the best posts of this journal and here is why. Reading alot of the journal, a great portion of it shows winning trades with your analysis which shows you are successful but along side that this is humbling ...

My GBPJPY trade journal

Cheers for the support. It was a good year and so far this year has started off reasonably well. Whilst I would like to document trades as I go it just doesn't seem practical and I never got into this recording data for others except to show that it ...

Razors Journal - Basic trading with PA at S/R

Cont — On this chart you can see the break of the base, a close and run outside before a fakey which would have cracked a few SL's as people moved them to cover themselves from the breakout. That whipsaw on both side would have cleared out ...

Razors Journal - Basic trading with PA at S/R

EUR/USD today — As mentioned in the previous post, I was long yesterday and much of today on the EUR. My 2 entries long marked in blue and the average position (dashed green) were based of the previous resistance which held as support. My ...

Razors Journal - Basic trading with PA at S/R

Total Trades 295 Total Wins 150 Total Loss 145 % = 50.85 Jan-Jun Trades 143 Total Wins 65 Total loss 78 % = 45.45 2012 ROI = 77.70% gain Jan - Jun = 1.52% gain Longest win streak 7 Longest loss streak 11 PF 1.38 In total the year was dominated by a ...

Razors Journal - Basic trading with PA at S/R

Results in — Well its a few days after the end of the financial year. A time to look back on what you have earnt and how much change you have coffed up for the tax department (hopefully enough not to have to pay more). I would like to say that ...

Razors Journal - Basic trading with PA at S/R

Risk is relatively to 1's financial position. Turning $100 into $10000 would be impressive but $10000 wont give you much comfort over a long period of time and the chances of taking $10000 much further would be against some pretty phenomenal odds. ...

How to achieve 10,000% per month in Forex

Could not have put it better myself. You would have a better chance playing roulette and getting the ball to land on 1 colour 10+ times in a row and leaving your money on the table to double up. Scalping aggressively for 3 pips profit means very ...

How to achieve 10,000% per month in Forex

Well if we talk in terms of mechanical entries defined by a set of rules that when the rules say trade a person trades and that 'system' over a long period of time returns a positive sum, that could be considered a brilliant system. The term is ...

Doubling up is martingale?

Risk is Risk — What does that mean? Simple, high risk is risky and in order to get phenomenal results in a short period of time there is no other way but to leverage the account to the max and have a punt. If you get it right then great, you ...

How to achieve 10,000% per month in Forex