Correction seems about done. Waiting for close below 1420.xx for confirmation to 1388.xx-1381.xx. If we close below both we may look to revisit the lows and possibly trigger another down leg.

All Majors and Gold

Has gold slipped into the "risk" category? i.e. do you think easing will now make gold jump, would better economic outlook make gold go higher?

All Majors and Gold

Great. Any long-term view? I know you scalp but with 1.5 yrs under your belt whats your opinion?

All Majors and Gold

10-40 pips TP and SL? Nice. Been trading long?

All Majors and Gold

Scalping in XAU/USD or futures? The spread alone is a killer for scalpers in XAU/USD imo. What type of SL's and TP's are we talking?

All Majors and Gold

Bearish on which TF?

All Majors and Gold

Looks like a set-up for a up move. Best to wait it out, 142x-1430 is a zone which looks unavoidable, but the strength of the downmove of the previous few days is keeping me out of it.

All Majors and Gold

We have entered a Bear market. Its look to SELL the bounce now. The Daily chart looks like it wants to touch 142x-1430 for a further move down or up, dependent on the break or failure in the zone. Keep an eye on the charts. This could get disastrous ...

All Majors and Gold

Not yet — Hi I am a full time trader. I would not suggest that you go into trading full time at this juncture. It will basically take away a part of your earnings without giving significant improvement over your salary in the short term, ...

I have a profitable trading strategy. Should I quit my job?

Profits and markets — I am a profitable trader. The single step which led to profitability in my case: Learn which market conditions suit you the best and trade only those market conditions on any pair. Pairs don't matter as long as market ...

Are you a consistently profitable trader?

I trade full-time, manage accounts etc. Took me a long-time to understand how to trade and be profitable long-term. Basically it isn't so much about analyzing but planning. Have written an article about it: url The article was written for the ...

I trade my own account for a living. Tell your story

No problem. Consider this: Your system hits a no. of consecutive or 1 loosing trade at the beginning of the month. You are still trading a fixed lot size, with a lower capital, so now if you have a loss again you will have a drawdown which is in ...

1:1 Risk Reward Ratio - Why it just makes sense

I agree with you there is a relation between RRR and "Hit Ratio". I dont think anyone will disagree with you on this. Whether I think a 1:1 system works or not. Based on my trading it doesn't, may work with your trading style/system. Have a good ...

1:1 Risk Reward Ratio - Why it just makes sense

You are right. The question becomes: 1) Which will have a higher win rate? How would that be calculated without knowing the analysis/triggers/filters for each trade or some kind of stats of an account. If we are talking solely about any entry ...

1:1 Risk Reward Ratio - Why it just makes sense

Which part don't you agree with? As for math, I didn't do any math in the post. I still consider myself a beginner, just been trading almost 10 years. Profitably for the past few.

1:1 Risk Reward Ratio - Why it just makes sense

Hi While I agree with your math. You must consider expectancy ratio. I haven't read the thread, just responding to opening post. I am not going to do the math here. Just giving you an example: If in 1:1 system, the number of consecutive loosing ...

1:1 Risk Reward Ratio - Why it just makes sense

I don't know about you but my DD has always included trying to find details from actual users and checking the general market outlook about a broker. MartyS: Didn't take offence at your post. Just needed to quote it to put the other traders ...

6-figure capital: Any suggestions on broker?

Haha..thanks for calling me a Rookie. Next would be "show a screenshot". I have traded with a number of brokers over the years. A discussion does not imply that I don't know about brokers just goes to show I am always open to exploring new options. ...

6-figure capital: Any suggestions on broker?