spinning tops, doji's and pin bars are the best candidates for areas of reversal or scalp trade if they are right before a large move, I tend to ignore the other bars.

The Monthly Trade

regarding your PM, check out the image attached to this post. Ideally the best areas (in my opinion) to enter into positions going off the chart below (today on EURJPY) are the ones where the green arrows start, notice the candle right before large ...

The Monthly Trade

Less than 1% on my main account, no more than 20% on my high risk account.

How Much Do You Risk Per Trade?

Theres no stopping it.....

GDR Journal

Thanks. Just entered GBPUSD short @ 1.61322 30 pip stop. Made my entry decision off the 12 hour charts, see the chart below. Edit @ 9:26pm, stop has been doubled to 60 pips with a 60 pip target.

GDR Journal

Nice, I've got a sell order on EURUSD @ 1.35578 with a 30 pip stop I had a long on USDCAD @ 1.02138 but shit out after that drop and closed for like +6 pips, not liking that one haha Got +15 on GBPJPY this morning too, still, its ...

GDR Journal

Except we don't double up our bets when we lose That is why you start very small, the potential for percentage growth even just after 3 straight winners is huge. You would effectively be using 'free money' after you doubled your starting balance, ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Let me explain why this is not the case. For sake of arguement lets say we have $500 in the account, we risk 50% which is $250 to make 100% so $500. If that trade wins, thats the account doubled to $1000. If that trade loses we lose half the account ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Closed for +46 url

GDR Journal

Gonna ride this one up and move my stop loss accordingly going off the 4hour bars.

GDR Journal

Good luck. A little to lose, so much to gain.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I'm in long on EURJPY @ 132.019 with the stop currently at break even and currently up about +45, an ideal target would be 133.90 but I may close just above 133 if it looks like it's stalled...if it reaches there. url On EURJPY looking at the ...

GDR Journal

The only things which are required for this to be successful are; a full understanding of price action, complete control of ones emotions and the discipline of a buddhist monk. Never forget, there are two types of people in this ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I should of gone with a higher lot size to be fair, plus I won't be around much tomorrow to do any trading and I wasn't happy with a smaller stop loss considering the price action on eurjpy, I needed the stop to be wider (I get almost all my entry ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I'm going for an 80% increase of the account off this one trade while risking 20%. Originally my target for this particular trade was an increase of about 40% due to the current price action on EURJPY...however that may still stand as I have other ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Don't worry, I intend to I'll give it my best shot I'll be waiting for the very best entries which give me the best R:R, considering the high risk. As others have said, this is just a play account, I will still still be trading ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Because of this thread I have decided to give this a go. Wish me luck. url image

Rags to Riches in 10 or 20 Trades - Simplicity at its finest