I have completely dumbed down my exits. If the tape (using 5/5/3 settings for anything but Gann) switches colour in the opposite direction (red when long, green when short) of my trade I exit...otherwise I stay in. Great way to capture larger moves, ...

THV System Trades & Patterns Thread

I'm with Oanda and am happy. They offer gold and CFDs too. Payouts are quick and they're fully regulated. Never had any real issues with execution time or spreads...probably because I have a look at spreads before entering a trade, helps to prevent ...

THV System Trades & Patterns Thread

I'm long too for pretty much the same reasons. And yeah, can't adjust trades at work either until the end of this week (when my tablet arrives), so I know the feeling of having to watch your profits evaporate. The "set SL to BE at 15pips" thing ...

THV System Trades & Patterns Thread

I've been short USDCHF and long EURUSD (correlation ftw) since the early morning...up around 35pips per trade on both. No clue what the charts are doing as I don't have a phone/tablet until later this week and I can't log on from work. Stop loss has ...

THV System Trades & Patterns Thread

You don't need to win 60% of the time. Hell, certain strategies only work 30% of the time but tight stop losses can still make it incredibly profitable.

Making Money is Extremely Simple

1) Money management (which basically means greed) 2) Lack of discipline sticking to a working system. 3) Laziness...aka not back and forward testing strategies enough. Most of the time I guess it's a mix of those.

Survey: Why 90% trader's failed?

Ego and emotions shouldn't play a role at all. The market is like an elephant, and you're a mosquito...there is no way you can will the markets into doing anything.

Do you have an EGO while Trading in Forex?

Check out EURAUD, it often trends very well and overall seems to work great with THV (at least at the moment).

THV System Trades & Patterns Thread

Love my Samsung Galaxy S3, iPhone's are too restrictive for my liking (and Google Now kicks Siri's ass). Either way, it wasn't the phone's problem. Had a long networking event until 1am the night before and threw it off the bedside table when I got ...

THV System Trades & Patterns Thread

Bah, missing all nice moves because my damn phone's broken...no remote trading. Could pull out my hair

THV System Trades & Patterns Thread

You have several options: 1) Use a trailing stop that trails the 5EMA (shift 3). 2) Use a trailing stop at the bottom of the previous HA candle when long, and the top of the previous candle when going short. 3) Get out of the trade once the slow ...

THV System Trades & Patterns Thread

Today's trades...happy days Technically I should still be in this trade but unfortunately I broke my phone this morning trying to switch off the alarm so no remote trading for me until next week. Pretty gutted because tomorrow should be a fun day ...

THV System Trades & Patterns Thread

BRILLIANT!!! Living life to the fullest is the best advice you can give a person...and as someone who had his heart stop twice (meningitis and drowning) I 100% agree with the conclusion of this story. Too many of the things we worry about are ...

Technical Analysis Fallacy

Up 35pips on my USDCHF long trade (bastard took a while to take off) and 52pips on my short EURUSD trade...happy days Update: Make that 48 and 70pips...no clue what just happened.

THV System Trades & Patterns Thread

The big EUR moves will happen tomorrow looking at the weekly calendar...but yeah, shorting EUR seems the right move for now.

THV System Trades & Patterns Thread

I'm short EURUSD and long USDCHF (correlation ftw) and up 20pips+ on both trades...set my stop loss to breakeven. Let's see where this goes

THV System Trades & Patterns Thread

You feel like a complete donkey afterwards. I mean, setup even has a "DO NOT TRADE" or "TRADE" writing directly on the chart...which I promptly ignored. I also exited trades after price moved against me when all my indicators told me it's just a ...

THV System Trades & Patterns Thread