IMHO, it's not a matter of thoughts, but of backtesting and optimization. I use mostly range breakouts at London and NY opens, and I've found that SLs of 50-65 are usually the best for these trades. But now I've finished back-testing and start ...

GBP Patterns, Facts, Trivia

Why not? I remember this was suggested by one of the MM Gurus of this forum - Fijitrader? Diallist? The only con I can see is that funding, even by a credit card, takes time (like 24 hrs in case of FXDD you used). One dollar may be needed to save ...

I haven't got a clue!

Very interesting. Thank you, goodthings, as always, your posts are thought-provoking. Indeed, on Mondays, Thursdays, and Fridays, the largest % of day's highs and lows is between GMT 15:00-15:59 (10:00-10:59 US Eastern time): about 10% in 2005-2006. ...

GBP Patterns, Facts, Trivia

Music for my ears. I'm glad someone uses Kelly. I risk 15% of capital (or 1/2 Kelly's percent, whichever is lower) for my first trade. Should I open a second position, I use 15% of the capital that I would have if I'd lose all the money I'm risking ...

Why professionals "only" make ~30% anually

Indeed, ScottH, an illuminating thread. Thanks to all the contributors! What I, basically, learn from what has been said here is that smaller traders can tolerate more risk. More risk - more gain. However - too much risk - no good, you are killed ...

Why professionals "only" make ~30% anually

I agree with Dopey. I trade range breakouts exclusively. I spend dozens of hours analyzing past behavior of five pairs that I've found most suitable for this: eurusd, gbpusd, usdchf, usdjpy, and eurjpy. Each one may be good for certain days and ...

EUR or GBP Which is the most profitable pair for a Novice

only micro! — sky_fx, if you join FXSol, please, please, please, don't do it with a mini account. Only a micro! This is a huge benefit of FXSol, and enough has been said on this forum about the advantages of a micro account, so I'll not repeat ...

FX Solutions (FXSol)

Absolutely marvelous! — Why Oh Why, only now I've discovered your thread and have read every word of it. I love it, absolutely love it! So nice to read someone with good humor, someone who can afford just to have fun! And a good sport, too. We ...

I haven't got a clue!

20-30 pips targets? — waxwing: " Now as to ilanr's suggested usage, I am puzzled about the suggestion of such small targets as 20-30 pips. I can't imagine many intraday strats that are going to get anywhere with orders so close to entry, ...

GBP Patterns, Facts, Trivia

Waxwing, this is very impressive! Thanks a lot. I'd love to see more of such serious work here. Although GBPUSD, indeed, seems to be the "trendiest" pair, the results look quite weak to me. We would expect that 2% of the results to be "significant" ...

GBP Patterns, Facts, Trivia

Accrete, what charts, if not accucharts, can be used to trade with fxsol? I notice that prices quoted on accucharts are different from prices of, e.g., metatrader-based brokers...

FX Solutions (FXSol)

Custos, check FX Engines: http://www.fxengines.com/ I'm currently with them on several "engines" (news trading strategies pre-programmed by them). These do not perform too well meanwhile, but the reaction time during the news looks impressive. You ...

Broker for newstrading?

Bundyraider, thanks for your advice. However, I seem not to understand a basic thing. Shouldn't have been there one and only one price quoted by a given broker on a given hour of a given day in the past? My statistics show that there were at least ...

New build and backtesting issues...

New build, new data? — Palmer, it doesn't seem to be "just you". Actually, I've entered FF now to see whether anybody has any explanation for the following. I compared the old and the new build LOW 1HR GBPUSD prices for 2004-2006. The absolute ...

New build and backtesting issues...