Added GBPAUD to the mix. In all trades that are at least 40 pips in the money, stop loss has been moved to BE or beyond. USDCHF L: +192 CADJPY L: +70 GBPJPY L: +69 (-34, -14) NZDCAD S: +40 (-34) CADCHF L: +14 USDJPY L: +6 (-13) GBPNZD L: +47 GBPAUD ...

Three-toed Sloth trading

It may be better to post the trades in the way I record them. That is, for every pair I'm interested in, I'll be posting the current status of the open position (if any) and in parentheses the results of the closed trades for the same pair and the ...

Three-toed Sloth trading

The ZAR trade hit the stoploss, but it's important to remember that we must keep calm and completely distanced from losing trades. Only with a distanced and unbiased view we can succeed. That being said: Why you mother******* piece of &$%!@@#, I ...

Three-toed Sloth trading

Nothing too exciting today. ZAR continues its obscene performance. South Africa, you should be ashamed of yourself. If my stoploss is hit, I will have to change avatar. Closed positions AUDJPY: -14 pips EURNZD: +4 pips Open positions USDCHF long: ...

Three-toed Sloth trading

A couple of new entries according to the rules: Closed positions NZDJPY long: -20 pips Open positions USDCHF long: +200 pips NZDJPY long: +2 pips EURNZD short: +26 pips GBPZAR short: -129 pips The GBPZAR trade isn't going very well and since it was ...

Three-toed Sloth trading

EURGBP came back and hit my stoploss. Good thing I had it placed at BE, it's not like you can trust this whore of currencies, EUR, to show any character. I wouldn't be surprised if it goes back up now. Guess who's short in GBPZAR. SL too big for my ...

Three-toed Sloth trading

Depends on what you mean by "holy grail": 1) Is it a profitable way of trading that can make you a full-time forex trader and provide you a comfortable living for as long as you live ? Yes, such a thing exists, mostly with discretionary traders that ...

Let's build together a system which makes 1000%/month

Meanwhile, in the exotics department, the continued USD strength means that any longish-term trade of a USD pair will most probably have to tolerate negative swap. Of course we can go really tropical exotic, deep sun tan and all, and start looking ...

Three-toed Sloth trading

Long time no see! Not much has changed, I'm still trading basically S/R with several twists. At the moment I have two trades open, EURGBP long (sl moved to be) and USDCHF long (about 80 pips profit locked).

Three-toed Sloth trading

So let's take someone who watches a pair reach a high of 1.10. His analysis shows that at this point there's about 75% probability of the pair going down, so he enters with 1 lot. His stop loss is at 1.15. But despite the favorable price action, ...

Let's build together a system which makes 1000%/month

This is an unfounded assertion. It's like saying that because a false breakout happened, trading the second breakout is random. It may be or may be not, depending on the particulars. It may be the case that the money does have to move in a ...

Let's build together a system which makes 1000%/month

I already said it above: Increased win rate. Heck, there are successful systems even in this very site that feature huge stop losses and rather small profits (hayseed's comes to mind, and he has a win rate of about 87%). How is that any different ?

Let's build together a system which makes 1000%/month

Apparently by increased win rate. BTW I'm not personally trading this or anything even remotely similar and so I'm not an advocate for this system. It just isn't any worse than the vast majority of systems found here.

Let's build together a system which makes 1000%/month

This is why I said that this is NOT Martingale. Mathematically speaking this may be a Martingale version, but for all our intents and purposes it is NOT Martingale as far as trading is concerned. "Stopped Martingale" will also fail if it is ...

Let's build together a system which makes 1000%/month

To put it in another way: If I had talked about a system that trades the London Opening with R:R 1:1 and 15 lots, nobody would scream "Martingale!!! Throw him on fire!!!" But if I trade 1, 2, 4, and 8 lots with the system discussed here, then ...

Let's build together a system which makes 1000%/month

I'm not saying that this system will win. There is no system that will win without correct bias. OF COURSE it will fail if it is based only on chance. If you have a system with Reward:Risk 100:1, that will fail too if there is no predictive value in ...

Let's build together a system which makes 1000%/month

It seems like any and all strategies that feature any kind of doubled re-entries on losing positions is called Martingale. This is NOT Martingale. You can call it "modified Martingale", "limited Martingale" or something similar. But it's better not ...

Let's build together a system which makes 1000%/month

Unfortunately, in such a case you could face a margin call even with a very tight stop loss. Very often in these spikes price moves immediately thousands of pips away. Since the movement is not gradual, your stop loss won't matter. Just like it ...

Let's build together a system which makes 1000%/month

If you look for a while you can find justification and plausible explanations for pretty much every entry and exit. So maybe he didn't exit at the pullback because at no point price even touched the weekly 10EMA/SMA and it certainly didn't break the ...

Let's build together a system which makes 1000%/month

Yep, who would imagine when all the Greek troubles started 3 years ago that today the EURUSD would be at about the same rate it was back then ? With all the hammering of Eurozone you would expect it would had plummeted at least to parity, yet there ...

What Happens When Both Currencies on a Pair Take a Hit?