Now comes the point where most aspiring traders destory their system/account. Let me try and help you avoid that mistake. Repeat after me, "I don't need to recover anything. My system has been shown to be profitable thus far and I have no reason to ...

Simplicity is the Key

No, the one in question was just after the rollover. I had one go off durring prenews, but it was only for like 10 pips. They let me keep that one.

Turbo's Journal

Did they reverse that trade on you? I had a JPY trade fill 200 pips off market and they reversed it. As you can imagine that was an emotional rollercoaster of a day...

Turbo's Journal

Lol, your in the wrong business brother. Unless your going to ante up >$1mio for a seat on an exchange you will be using a broker regardless what market you trade in. Brokers in all markets give execution priority to large accounts and they almost ...

Is it possible to do away with online brokers

Honestly, FXCM just gained a little more credibility in my mind. Thanks for the update.

FXCM's CFTC Financial Data

So you can see more detailed price action.

What's the benefit of lower time frames?

Did you account for the spread? Looking at Oanda's chart the peak median price was 1.31396 at 18:13. Tack on the .6 pip spread and your stop was smoked. Incidentally, you were among many who had stops placed there. Thanks for giving me your money.

Should I complain to my broker about stoploss being hit?

That's hilarious!

New and Improved ADP! LOL

[quote=six;235991] The wee people are doing it in the spot forex market, the big money is actually taking out yen denominated loans.

What is "Carry Trade Liquidation" ?

Fine. Let’s say his pattern has zero predictive value. Now what? Are you any closer to developing a profitable system by knowing that? The bottom line is that either you can take information from whatever source and make it profitable or you can't. ...

'Try to Lose Money' Experiment

A system that guarantees 10 net pips a week can be traded will full leverage. 100:1 on any account size at 520 pips a year would yield 520%. What are you doing right now that comes close to that?

'Try to Lose Money' Experiment

I still stand by my example. The pattern will have very different results on a 5 minute chart of usd/jpy then it will on a 5 minute chart of eur/usd. On the 1hr charts you will get totally different numbers. Trading any of those periods will yield ...

'Try to Lose Money' Experiment

What difference does "not much" have to make? A system that nets 10 pips a week with a $1million account will pay more in 1 year then most will earn in a lifetime. It's all a metter of perspective.

'Try to Lose Money' Experiment

Because it takes more than a pattern to make a system. Take your standard head and shoulders top for example; what are you going to back test? What are your rules for that "system"? Without each securities costs structure (spreads, commissions, etc) ...

'Try to Lose Money' Experiment

200-300 trades per day at $500-1000 per pip. Doesn't sound so bad does it?

'Try to Lose Money' Experiment

Well, part of the reason "I'm" here is because the forum content is getting a bit thin these days so every topic winds up getting read at some point. Trading for a living is boring work after all. Losing systems can have significant value if they ...

'Try to Lose Money' Experiment

In the guys defense, I have never seen any trading system book that provided backtest results for the patterns discussed. Your job as a trader is to take the ideas the book provides and find ways of incorporating them into your own trading system.

'Try to Lose Money' Experiment

Even an awesome trend following system will generate a low "average" pips per trade figure. You have to divide the NET pips by the total number of trades to get that number, so even relativly infrequent huge wins will average down when you account ...

'Try to Lose Money' Experiment

True enough, but this step comes after he figures out how bad his execution and psychology are with real money. Learn and master the platform on demo. Learn and master yourself on a tiny real account. Return to demo to learn and master your system. ...

When do you know you ready to go from demo to real trading?

If you have been in demo for six months it's already long past the time for the real thing. Fund a very small real money account and retire the demo today.

When do you know you ready to go from demo to real trading?