A little update on my current positions... SHORT GBP/USD @ AVG 1.56745 SHORT AUD/USD @ AVG 0.91334 Dumping the AUD/USD when the Daily chart RSI <30 or if I see fit prior. It may take a few months, and planning to add when it runs against me. GBP ...

The College Trader

All trades are manual, no EA. I basically make trades based on the RSI Daily and then wait for the 4hr to give me the same indication of price movement, and that's where I enter the trade. I've actually never even tried or know where to start with ...

Buy dip sell high with rsi

My view of this conundrum is from graph theory, so please intervene if what I say doesn't relate to what you may be getting at. Assuming "randomness", the probabilities of a position hitting a SL or TP should be exactly the same barring they are ...

Random walk and Pascals triangle

I have found this is the one of the best forex systems out there. To add to this "sell/buy when overbought/oversold on RSI", consider this... As you notice from backtesting, there are instances where entering positions at 70/30 won't always produce ...

Buy dip sell high with rsi

Yeah I trade live, just opened up 1-2 weeks ago after being dormant for about 4 years. Making small trades keeps me where I want to be, I like the risk aversion. Only up 1% so far because I made a stupid buy trade and decided to kill it when it hit ...

The College Trader

To be honest, I can't see a valid way of determining an expected value unless you use empirical data. It would be nice to know what your entries are based on? Are they random? Expected values depend on the market conditions within a period of time ...

Trailing Stop Expectancy - A Mathematical Problem

Marv, how do you usually pick out tops and bottoms from merely charts alone? Slope change? Many times charts will behave not as even-degreed functions, but odd-degreed, how do you manage when slopes reach zero, then previous trend continues? Or do ...

The College Trader

I'll be shorting at 1.5681 if it doesn't drop 100 pips tomorrow. Looks like we're not that different after all. It seems because our backgrounds (pure math vs. finance) are different our trading styles reflect that. I look forward to discussing ...

The College Trader

I posted it earlier. For entries though, I wait for support from indicators on Daily Charts. RSI is so closely correlated to "trend" -the partial derivative of price change with respect to time. For my GBP trade I've entered a little early because ...

The College Trader

Yeah, I know about their methods, but I'm not concerned with their trading protocol, I'm concerned with mine. "They trade other peoples money, and a lot of it.......you don't." Not what I meant by "relative". I don't need lots of money, that's the ...

The College Trader

And why can't retail traders trade like the big banks? It's all relative.

The College Trader

Good point, but I'll sell at 1.56, and if it goes to 1.58, I'll sell again, and hell, I'll do it all the way until my account blows up at 2.4! Right now I see "good" entry on the 3 HR, not "great", and yes, I see it going up more, but things don't ...

Cable Update (GBPUSD)

I don't do intraday trades unless I see very good support from indicators and want a quick 10 pips. Otherwise, I stick to the game plan and stay on the side of a pair in which I know the longterm trend is moving. I use ADX, RSI and Stoch to ...

The College Trader

Let me discuss what I meant by 'proper money management'. For 2000 unit lot sizes and 150 pip draw-downs... Margin=103.62+(102.12+0.21*150)+(100.62+0.21*150*2)+(99.12+0.21*150*3)+(97.62+0.21*150*4)+... This general expression above is the same as ...

The College Trader

I've learned my lesson, GBP could hit 2.4 before my account liquidated. EDIT...I'm live.

The College Trader

I don't trade with stop losses, proper money management is the key I find.

The College Trader

Although you're probably right, we've already hit 1.55 and the pair is very oversold on the 3 hr. Would you buy with the knowledge that 100 pips is attainable, even though the pair is expected to test 1.50 shortly after? For me it seems like too ...

Cable Update (GBPUSD)

Shorting GBP/USD, yes, shorting. Last time I shorted this pair was in 2006 when I clearly shouldn't have -chaos ensued. My reasoning... 3 Hour chart has Stoch and RSI support. Haven't seen retracement since July 21st (see 1 Hour chart). If July 26 ...

The College Trader

She's just taking her time.

USDCAD trend reversal?

What's your TP/SL?

AUD/USD