Typruss, Congratulations. An excellent result so far. Can you test your system (on a demo account) for Euro /USD ? I am becoming intrigued by this model.

Live Account Trades!!!!

Just some additional little things that I have remembered that may be of assistance to anyone looking to position trade: Firstly, don't over-trade. Some people here seem to want to bet on every tic. The thing that kills new traders is the "wild ...

Position Trading

Thank you dukeofdents for starting a thread which is relevant to position traders like myself. Over time I have encapsulated a number of parameters that have been very useful to me to trade. Most traders will say that position trading is only for ...

Position Trading

I agree with Peter. However I also found that the faster / shorter time frames that you try to play in this business the more you are at a disadvantage. Be more strategic...treat it like a business rather than a quick punt on a long-odds horse. You ...

Position Trading

Typruss, Congratulations on a simple (and effective) strategy without all the B.S. This will obviously work best in uni-directional trades. We will all be watching your progress over time. Good luck with it. Jacko

Live Account Trades!!!!

Typruss, I have just finished reading this thread (and your previous thread "Taking a trade everyday". ) You have a very interesting trading model !!!!!!! As I understand it, Scenario One 1. you open buystop and sellstop positions approximately ...

Live Account Trades!!!!

An excellent answer Captain Piptastic, A lot of traders who would never try to prematurely pick the tops (and bottoms) to enter a trade, often try to pick the tops (and bottoms) to exit a trade. The result is to then see the market keep rising (or ...

The Best Way To Choose Exits

"From $7.00 to $770 Billion" — Hi itme, Here is the link to your thread "From $7.00 to $770 Billion" http://www.forexfactory.com/forexforum/showthread.php?t=6078&page=11&pp=15 A very interesting read.

Low Risk, High Reward Trading Experiment

To all the traders who don't already have this. For news as it happens. http://www.tradethenews.com/breaking-news.php Just trying to help

GBPUSD

Another EXCELLENT answer. It is amazingly easy to see who the professional traders are on a forum. All you have to look for is the "NO BULLSH*T" answers. No hidden "secrets", no attempt to sell something to newbie traders, all advice freely (and ...

Correct Money-Management using Price-Action (huhh??)

Hi Akuma99, An EXCELLENT answer. "Wanting" a trade to go to a certain price point is a sure way of blinding the trader to where it is really going. Certainly, the trader can be aware of "potential" target points but always be prepared for the fact ...

Correct Money-Management using Price-Action (huhh??)

This thread is VERY funny. ("Your money is our business!.....LOL) Its just a pity that so many "newbie trader" sheep get taken to the slaughterhouse that the government has to put out these warnings. I know that Caveat emptor applies, but the ...

Beware of Websites Selling Commodity Trading Systems

Hi itme, First of all, I would like to thank you for the journal. I respect any trader who puts his reputation on the line and outlines his trades live on the internet. Secondly, I believe that parts of your methodology has merit. Thirdly, there ...

Low Risk, High Reward Trading Experiment

Hi itme, Given that you have been experimenting with your Elliott Wave system for some two years now (this journal is 9 months old) , why don't you just ask your mentor HOW he is trading so successfully ?? I think you will find that there is ...

Low Risk, High Reward Trading Experiment

Hi itme Does this trade comment over-ride the previous trade (post 1205)

Low Risk, High Reward Trading Experiment

Thanks Twinchell, That is a good summary of what I was trying to say.

Is this a Successful System?

Hi aparsai The issue here is that you have "optimised" the parameters for a set of data over a (previous) period of time. It does NOT follow that the parameters for the previous period will be the best parameters for the future period. (They could, ...

Is this a Successful System?

Hi FXASIA, How did you decide on TP of 2790 ?? a) The downward sloping resistance line (2937 and 2833) ?? or b) some Elliott Wave number ?? or c) some Fib number ?? jacko

Mouteki Trading

Hello aparsai I think that is interesting...that is, it has potential. My only concern is that your average win is $95.91 versus an average loss of $139.36. (Perhaps your stops are larger than necessary??.. But if you reduce your stops, then your ...

Is this a Successful System?

Hi aparsai, Interesting...tell us more. What is the basis of the system? Jacko

Is this a Successful System?