Here is the trade. 1.2142 sl would still have survived had it not hit the TP.

Martingaling - Looks so good until the inevitable

You asked a question, I replied with not one but 2 examples. Why are you trying to force your believes on me. I don't need them.

Martingaling - Looks so good until the inevitable

My beloved price predictors, make your calls but don't complain if it very soon bounces 200 pips up. London made a failed attempt at 1.2227, however managed to close above 1.2180. New York is still struggling with 1.2152. Two more hours for New York ...

EURUSD

Where is your tp? 1.2174 or 1.2175?

EURUSD

LOL. You are doing good at what you do. Bounce Playing is not in your nature, I think.

Martingaling - Looks so good until the inevitable

I trade standing most of the time. It is good to keep your back and organ erect.

What do you think about a standing trading desk?

When to cut-loss 1: If you carefully check 1.2152 on a eur/usd daily or weekly chart. It is an important level. I place a pending long there with few pips stop loss let's say 10 pips. When to take profit 1: My Take Profit in this case would be 12 ...

Martingaling - Looks so good until the inevitable

It is important to know why it is ranging if it is ranging and why it is trending if it is trending. If your strategy is based on a ranging market, stay with your girlfriend when it is trending. But if your strategy is based on trending market, stay ...

Martingaling - Looks so good until the inevitable

I do not favor double down or martingale, never did. Yes, sometimes (when I have a lot free time or if my targets are 100 or more pips away) try to average out my entries and exits, that is, enter and exit in parts. The most annoying thing while ...

Martingaling - Looks so good until the inevitable

On Weekly Time-Frame, one or two per month. On Daily Time-Frame, several in a week. I should mention that my risk appetite varies from 0.25% per trade to 1.00% per trade based on these factors: 1. How strong is the historical level. There are four ...

Martingaling - Looks so good until the inevitable

Here is the method. I call it Bounce Playing. There are certain historical levels. Pa has elephant memory, it never forgets a key level, maybe because many market makers place their orders at this level and many robots have these levels fed-in to ...

Martingaling - Looks so good until the inevitable

The most reliable method I have developed is the most simple. If you check my profile, the last couple of sentences indicate this. It is so simple and logical that I couldn't believe it first. Will be back after a smoke to give you and other readers ...

Martingaling - Looks so good until the inevitable

For me, size of gains is equal to size of loss, most of the time. This has to be a % of account equity just before taking the trade. Stop Loss is determined first. If stop loss is 17 pips, the take profit should be 19 pips (2 pips for spread). Lot ...

Martingaling - Looks so good until the inevitable

I was quite profitable. Until 2008, I had 2 workable methods. Martingale was more successful until summer 2007. I used martingales only on gambles and trades the outcome of which was dependent on some sort of analysis (the wagering)but not on pure ...

Martingaling - Looks so good until the inevitable

I am aware that you employ some kind of martingale in your trading method. My experience (as a gambler, book-maker and trader) taught me few lessons and I formed some basic principles. Here is one that says any form of martingale is a no no.

Martingaling - Looks so good until the inevitable

Good post and very relevant image. But yes, one can surely out perform any robots, insider traders or high frequency traders as long as economic and political factors remain major part of market moves. This coin is imbalanced because of these ...

It seems impossible to make money in the long run

............... if 1 out of 4 is not there, find something that happens with 100% assurance 1 out of 10, or maybe 1 out of 10,000 or maybe 1 out of 1 Million times with 100% assurance. If there is no such thing, we should not be talking about ...

Martingaling - Looks so good until the inevitable

Why not. I spared some spirit for today. If you want martingale to work, find something in your charts that happens at least one out of every 4 times. I ,mean there should be 100% assurance that it happens. Remember, no chance, 100% assurance. Here ...

Martingaling - Looks so good until the inevitable

No body has posted a chart, that means you people are not interested.I am here only for one more hour. It will take half an hour to show on the posted chart how to achieve 100% success with martingale strategy, that means you only have half an hour. ...

Martingaling - Looks so good until the inevitable

Are these equity curves upside down or what? I see it going up and then all of a sudden it came down, why is that? Is there anything wrong with the person who managed this account? Martingale is the sure thing, you never lose on martingale trades if ...

Martingaling - Looks so good until the inevitable