90% win rate and Risk:reward 1:2? hmmm, sounds to good to be true. I made simulation in excel, 5% risk per trade, initial deposit $1000, 100 trades, capital after 100 trades $2891912...

Looking for 63% Win Rate System (1:1 R:R)

I sleep very well Actually my nick is very random, I just have watched movie some day and made nick This morning I needed to call down I was observing market and waiting for another trade, because I'm never chasing market. Good trade came very ...

Tim's £500 marathon. Goal £1 million

Sorry, I wasn't in mood, I wanted to enter great trade at better price (2pips) and it was gone

Tim's £500 marathon. Goal £1 million

There's no such a thing like system without risk, moreover banks don't buy any system from people from the street, because they have own specialists...

Tim's £500 marathon. Goal £1 million

Hey, I wasn't criticizing you. I'm rather talking about risk:reward ratio. For example same day I was long on NZDUSD from 0.7318 (entered on 5M chart after upward consolidation, 10 pips stop loss), I could easily see that there's strong trend on all ...

priceaction1 journal

Hmmm, leaving trade opened for close of the day when there's FOMC statement, projections and conference is rather madness, all profits can easily disappear in few minutes (or double of course ) , it's nothing else like coin flip, everything can ...

priceaction1 journal

Unfortunately, it's true that many opinions at forexpeacefactory are just fakes, of course positive opinions are fakes, but forexpeacearmy has limited capabilities to verify it. However never open account at broker that was verified as scam. I dealt ...

priceaction1 journal

So very nice trade However, even if you are in front of the screen it's really good to use stop loss from the very beginning of the trade, because of unexpected events that can easily move market 50 or even 100 pips in one minute, so have no time ...

priceaction1 journal

Where was your stop loss and take profit? Did you close it at 121.00 when obvious reversal hammer was created after unemployment claims data?

priceaction1 journal

Of course this exercise relax me, but relaxation doesn't last long enough, but maybe the reason why is that I started doing it few weeks ago, maybe more training is needed. The reason why I try not to think about anything is that mind always creates ...

Tim's £500 marathon. Goal £1 million

Thank you for reply. Yes, I know this exercise. To clear my mind I inhale and count to 4, pause, exhale count to 4, pause and repeat it for several minutes, during exercise I try not to think about nothing. It's really good, but still I need ...

Tim's £500 marathon. Goal £1 million

Could you tell me how do you deal with stress? I need some tips and tricks, because I make almost all of my losing trades due to mistakes when I can't overcome my emotions. I do some exercises, but it's not enough. Do you know good lecture how to ...

Tim's £500 marathon. Goal £1 million

Hi, It's rather impossible to use mirror trading in news trading style, because you will suffer badly from slippages due to delays.

Tim's £500 marathon. Goal £1 million

Don't worry, you were just lucky if you compare yourself for example to people who were so sure that level 1.2 would hold forever that they risked whole account on single trade with stop loss just below 1.2, let say they had $10000 account, leverage ...

Tim's £500 marathon. Goal £1 million

Read Steve Nison's books, it will help you to train your eyes at the beginning, then start to practise on chart. Best regards!

priceaction1 journal

Yeah, it's very idiotic that's why anybody who is not from USA should avoid US brokers, because you can do nothing with their law...

priceaction1 journal

Do you have any link that proves it? Remember that it is easy to risk many small accounts like $100, but $10000 in 1987 was a lot of money, even now I doubt anybody would risk for example 30 accounts, each $10000 to win a contest...

Tim's £500 marathon. Goal £1 million