Great idea! I also thought variations on Tony's ideas would be of interest. For what it's worth, you may find it interesting to take a look at my threads (one joint with Islander, both now asleep) on the same topic. In my experience it isn't always ...

1 Minute open breakout

Hello mate, I like that quote too, and your 3 pip SL trade! Have you seen the thread on trading the opens with a 2 pip SL? url Good work, I think, but, as you know, the entry method can be improved a bit...

The College Trader

Hi, thanks for your response, and apologies for cluttering your thread. To answer your question - no, I don't find that necessarily wrong. On the one hand it depends on strategy used, on the other hand it's about the mental make-up of the trader. So ...

The College Trader

Forgive me for butting in here, as I am certainly not a student, but the discussion on risk management makes me a bit perplexed. Where do you guys get all this from? It may be inappropriate of me to post here at all, so I shall not be lengthy but ...

The College Trader

Depends on currency pair traded. For the majors definitely when your trade size is in the 100s of $M, which means a margin account that's in the millions.

When does a trader outgrow their trade size?

The period of time you mention is usually a low volatility period which doesn't lend itself to systematic approaches for trading within that period. However, with volatility ebbing out a breakout strategy for the Asian open could work well. Then you ...

Please, best trading system for a 9-5 worker?

You're welcome. Grinstead and Snell solve the Ruin Problem too. See pp. 486. Feller's book can be heavy going, in spite of being called "Introduction". Just so you know. Depends entirely on your motivation. For intellectual amusement? Then, yes of ...

Random walk and Pascals triangle

Yes, it's a bit tricky. In the academic literature this problem goes under the names of The Classical Ruin Problem and Random Walk With Absorbing Barriers. The two standard methods of solving it are by homogeneous difference equations and ...

Random walk and Pascals triangle

Hi Scotty, maybe I can help, but I am not sure what you are actually trying to achieve. Are you trying to calculate probabilities of hitting SL/TP levels or is it something else? If the answer is yes, then counting paths in Pascal's triangle might ...

Random walk and Pascals triangle

Agreed. Support on the downside in the Euro at R1 1.2267, 38.2% of the move up - good target for the short. 1.5012 (yesterday's low) for cable.

GU, GJ and EU Analysis Thread

So far so good

GU, GJ and EU Analysis Thread

Possible short at 1.2297 in the Euro following ECBs announcement - 61.8% of the last swing down and S/R on several occasion over the past few weeks.

GU, GJ and EU Analysis Thread

url

Higher low, lower high system

Worked well, except that the Euro quite didn't make it to 1.2255 and cable only managed 1.5073.

Islander and Medici trade the European open

Hi David, here are the charts for Euro and Aussie. For cable, see previous chart. Cable also displays a '3-drives-to-top' pattern. EDIT: The fibs in the Euro chart are slightly incorrect. The 38.2% level should be at 1.2255.

Islander and Medici trade the European open

Some short set-ups this morning — Euro: 1.2250-55 Aussie: 0.8550 Cable 1.5075-90

Islander and Medici trade the European open

Cable tomorrow morning — Possible 'line-in-the-sand' short set-up at 1.5075 for the European open tomorrow. For this pattern, see also url and url

GU, GJ and EU Analysis Thread

Cable tomorrow — Possible line-in-the-sand at 5075 if cable stays above 5045.

Islander and Medici trade the European open

Some thoughts ahead of Friday — Many thanks to Stocky for excellent initiative. Here's my debut post. Decent sized buy orders were triggered at the pivotal 1.2151 level this afternoon. With NFP on Friday this may be a bit too early in the ...

GU, GJ and EU Analysis Thread

Position sizing — Hi DT, nice collection that documents your generous sharing and contribution to the site. Nice trading too I'd like to ask you about mm/position sizing. You say 1% on average per trade. How did you arrive at that? ...

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