Sure, practically every day i got a signal (once in a while i dont but when it happens the market its all weird so i dont mind honestly) i trade only 2 instruments in the New york session (my time) and thats it.. 1 perfect signal, 1 trade and im ...

Contest strategy

Its variable, dependes on the pip range im using IF i enter a trade and i see that it have a lot of impulse, then i can manually move the SL/TP and see where it takes me.. but i dont care if i can do it or not, wining more than 1:1 its great of ...

Contest strategy

oh no !! no no no, you dont risk that much UNLESS you have a high win rate !! otherwise its just a suicide because BOTH are connected I trade PRICE based charts, not the traditional time based charts.. with price based charts the SL/TP and the ...

Contest strategy

It can hit you TP in minutes easily It was an analogy for anyone to test their "fear" factor.. Would you go for a high (40/50)% per trade with a proven (lets say) 90/95% win rate strategy?? why? why not?? why are you afraid of "risking" so much with ...

Contest strategy

LOL no.. not even close you go all in in every trade, aiming for a small TP from a larger time frame (practically guaranteed to hit) with a very clear set of rules/conditions in their strategy; in fact if they are not running robots the rules are ...

Contest strategy

Variables?? easy Random sized candles (main problem with time based charts) Random places in the chart to look for entrys (Faulty Technical analisys) Random trigger/entry patterns (trigger pattern NOT defined) Random SL/TP targets (ok, sometimes IF ...

How did you find success?

THAT was from a economic news result, be carefull and DONT TRADE around that moment !! there are a lot of places where you can watch the "economic calendar" right here from forexfactory or other websites avoid news time, dont get in the middle of a ...

Highest Open / Lowest Open Trade

no.. i dont confuse them; i meant a single candle stick and timeframe as in 1 candlestick represents 1 unit of the timeframe you are using.. and the "notion" or idea that "95% of the time price will close above or below the open" of that candlestick ...

Beating the Odds - Edge Within a Single Candlestick (Explained)

Same principle as this Thread, wich its a solid aproach: url Also the point its to find an "edge" or the entry point in a single candlestick because "95%" of the time it will CLOSE higher/lower from the open.... right?? EDIT: Lets go even ...

Beating the Odds - Edge Within a Single Candlestick (Explained)

Long history short i ditched all "variables" in trading that works agaisnt you and made my aproach "constant" Also living in Venezuela wich its an awfull/horrible "socialist utopia" helps a lot; its a HUGE motivator; the minimun wage its around 2.5$ ...

How did you find success?

Drawdown doesnt matter as long as it doesnt wipe your account/hit margin call; drawdown its a measure of "fear to lose a trade" wich its meanigless and useless in practice.. And 2% per trade and 70% win rate?? and you say you "average 5% per month" ...

5% Growth a month?

Mod your data and open a new account from the start

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

1.- Be disciplined, follow a solid plan every freaking day (you are not a 5 year old kid for god sake, stick to the plan) 2.- Accept the fact that IF you want to make money you HAVE TO risk money (there is no way around this) 3.- Grow a fking pair ...

Emotion - the biggest weakness of the trader

THATS how its done; do it all over again with FREE money made from the profits (no risking your main capital) Do that again all over BUT now with 10 accounts and a trade copier.. and go for 1:1 it will boost your win rate by a lot; instead of "9 net ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

it doesnt matter what software you use to trade; a GOOD conection with a stable and low ping with a decent broker its more important !!!

Do you think MT4 is a good software to trade with?

NONSENSE !! I "over leverage" by a lot more than its established here (in this forum and the internet lol) as the standar that you should risk and i end positive every month.. Noobs and every single trader that its losing its because of 3 things: ...

Six Forex Trading Tips for Newbies

its amazing how people turn a simple question in such a HUGE amount of nonsense !!! "how much its 2+2 ?" 4234324 post trying to unravel all the misterys in this world; guess what?? the answer its 4.. 2+2 = 4 wow

Best leverage and lot size for $1000 deposit

Exactly this; in fact this aproach will boost your % win rate to the moon but people in general its obsessed in risking 0.00001% per trade and trying to hit 1:580 "risk reward" target wich its just wrong PRO TIP TO ALL: its ok to leave pips in the ...

1% to 3% Per Day? All things are Possible

I trade New York session (same time frame as mine) i get up my ass off the bed, make breakfast, eat it, sit in the computer wait for a signal, make a trade, close the computer and i move on with my life.. from 7/8AM until 11:30AM tops, thats my time ...

A Day Traders Day?

easy.. aim for a 1:1 trades with a 3% of capital per trade.. can you make it?? And there its a point where you lose leverage, a decent broker will "upgrade" your account and lower your leverage at the same time

3% a day?