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pemully replied Jun 26, 2012no way! that is the average result ...infact 100 day donchian has around 42% win rate both in sample and out sample.
Let's talk Donchian Breakouts
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pemully replied Jun 25, 2012the win rate is almost similar ....around 39%.as it has been said longer term periods work better, at least 4 months for donchian. its funny Richard Dennis denounced trendfollowing ....risk of more than 2% will results in devastating drawdowns no ...
Let's talk Donchian Breakouts
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pemully replied Jun 21, 2012I guess I ain't too smart....but the other qualities I have ...my foundation came from reminisces of a stock operator and how to trade stocks, the books totally convinced me I could make fortunes. I understood completely what Livermore was writing ...
At What Point Do You Give Up On Forex
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pemully replied Jun 18, 2012how can a gambler quit? ...."and the only time he's satisfied is when he's on the drum" -house of the rising sun.
At What Point Do You Give Up On Forex
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pemully replied Jun 16, 2012for every big trader blowups,there are thousands of successes...none of the market wizards blew up....
A "doable" way to take a $300 account to $1 million in 45 months
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pemully replied Jun 16, 2012Livermore was the real deal ....his losses were due to his own personal demons.....Dennis was the most successful trader ever....now Larry, who is Larry?
A "doable" way to take a $300 account to $1 million in 45 months
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pemully replied Jun 16, 2012Richard Dennis did it in 2 yrs from $400 to $1mio,then to 200mio in around 12 yrs....Livermore from 50000 to 100mio in 10 yrs....however one blew up...the other one trades less than half the peak amount .
A "doable" way to take a $300 account to $1 million in 45 months
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pemully replied Jun 12, 2012how can one start trading at 14 yrs? something not right. however Livermore started at 15 yrs and made more money than most people who had been at it for years. I believe the younger the mind the better.
Mental health and trading: should I pack it in?
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pemully replied Jun 11, 2012sharing a profitable system is like discovering there is a pot of gold in the end of every rainbow and then telling everyone ...goes against human instinct...go figure
why do people share profitable systems?
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pemully replied Jun 10, 2012gold and oil are both commodites and currencies!
1:1 Risk Reward Ratio - Why it just makes sense
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pemully replied Jun 9, 2012believing your losses are due to psychological issues. most problems are due to lack of a clear edge.
The 8 most dangerous mistakes of forex
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pemully replied Jun 9, 2012I think it depends on the method...I would be seriously shortchanging myself if I took 1:1 r/r...I'd rather move to break even first and hope to nail more profits which usually happens ....anyway different strokes for different folks.
1:1 Risk Reward Ratio - Why it just makes sense
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pemully replied Jun 8, 2012the game is getting harder...will futures be afeected?
Tobin Tax Effect on Forex
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pemully replied Jun 8, 2012all you can do is to put pending orders on both sides with a tight trailing stop and hope you will not get slippage of 100pips or more.
Where is the risk in going long CHF?
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pemully replied Jun 8, 2012lemme tell you of a strategy I am researching on...whether my assumption is right i dont know....take a basic trendfollowing strategy and look for price inflection point...take the opposite direction with similar postion size and a small tp an no ...
Can someone please explain Hedging
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pemully replied Jun 8, 2012do not trade with any system that can't give you stellar results....if u don't find such a system then don't trade at all. I know now that I can't trade a system without an expectancy of at least 0.7 and a win rate above 50% there are pretty good ...
1:1 Risk Reward Ratio - Why it just makes sense
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pemully replied Jun 7, 2012why have you people lost the faith? Just look on trade explorer and you will see guys like enricofx make fortunes with unbelievable consistency.
It is so easy, yet so hard
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pemully replied Jun 7, 2012most pros agree it takes no less than five years....thats damn scary....if i knew another easier way of making mojo i would have never touched forex....but life gave no choice...
Time it takes to be a Successful Forex trader
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pemully replied Jun 7, 2012find a system that suits you...thats the most difficult part..i learnt a lot from the way marty shwartz built his...to compliment his personality as a fearful person who needed instant gratification. Finding whats totally fits you and has a good ...
Is trading that simple?