Funny day...my Damiani volatmeter says "thou shalt not trade" for all but 1 pair (and that one isn't giving me a clear direction), so I haven't entered any positions even though most of the other indicators suggest I should trade. Wise decision so ...

THV System Trades & Patterns Thread

Same here. Also, since I now only enter trades while price is still fairly close to the MA (10-15pips tops), my losses are always fairly small. Just takes discipline to not enter too late just because you're pissed off from missing an ...

THV System Trades & Patterns Thread

Forgot to mention, this SL make some of the smaller winners even smaller. So instead of 15 pips you sometimes only gain 7-8 or break even...but I'm mostly after larger breakouts, so that's ok. Backtests showed that overall those breakouts make up ...

THV System Trades & Patterns Thread

Example of the EMA stop loss in action — Notice how waiting for the majority of the candle body (not wick) crossing the EMA allows you to capture larger swings...and more pips? I am actually wrong...if you had exited the trade when price ...

THV System Trades & Patterns Thread

Yup, and the cool thing is just like the base system it works on all pairs...well, I think so at least, I'm trading 8 pairs For more about how the smart money messes with us, check out the "Innercircle Trader" Youtube channel...brilliant videos ...

THV System Trades & Patterns Thread

For people trading on the H1 or higher timeframes, I found a pretty cool way to set stop losses: Exit trades once the majority of the candle BODY (not just the wick!!) breaks through the 5 EMA (shift 3!) in the opposite direction of your trade. What ...

THV System Trades & Patterns Thread

People are lazy...it's as simple as that. 99% of people here expect to simply copy a system and then turn into a millionaire over night. Or they back tested it for a week and consider that good enough I back tested my strategy for 2k candles on 8 ...

How do you develop a system?

GBPUSD is holding just above 1.6000, but on the H1 charts it seems Trix suggests further down moves are likely...same for Stochiastics. Will wait until it breaks through this major psychological barrier, but for now I'm tempted to buy into the short ...

THV System Trades & Patterns Thread

I have a fulltime job that keeps me from overtrading...and H1 charts make that very easy too. So much more relaxing than the 15min charts

What do you do in between waiting?

There is no set in stone rule!! It all depends on your bankroll and win rate...which allows you to calculate the risk of ruin. 2% is a pretty good figure for most strategies. Personally I use a strategy with quite a strong win %, so I have no ...

When to break the 2% rule?

There is no "right" number...it all depends on your win rate and account size. Using those figures you can calculate your risk of ruin. Of course the win rate is an estimate, and only a good estimate if your sample size is large enough. It's ...

Reasonable leverage

People should pay more attention to the Sharpe ratio or the pain-to-gain ratio.

20% per month. Is this possible?

The toughest part for me was NOT TO TRADE when markets aren't optimal. If you have a regular job, you're used to always doing something (unless you slack off). However, in forex trading doing nothing is sometimes the most profitable strategy. ...

Why so hard?

Heh, turns out I'm bad and went long EURUSD and short USDCHF...up around 20pips on both trades. Will probably close in 1hr10m once London closes. Pretty good week with a net gain of +4.9% using really strict risk management.

THV System Trades & Patterns Thread

What you'll get is a lot of stop-loss hunting by smart money...there are enough better opportunities later this month. Sometimes not trading is the best approach. Knowing when to stay away can be the most profitable knowledge

THV System Trades & Patterns Thread

I'm not trading non-farm payroll days...especially not that close to the election. Why? I expect a lot of volatility that messes with charts. On one hand the dollar should rally if results are better than expected, on the other hand those good ...

THV System Trades & Patterns Thread

Why did you trade a live account if your strategy clearly doesn't work? Did you back test the strategy for at least 2k candles before going live? Did you forward test it on a Demi account? A loss is a loss, nothing you can do about it now. Whatever ...

How can I recover my huge (for me) loss

Hehehe, nice trade. Nice setup for the reverse trade now

THV System Trades & Patterns Thread

Well, the majority of smart money seems to go short USD and have cut their short positions in Europe. I went short EURUSD and long USDCHF this morning, 50+ pips gain per trade. It seems to be turning around though, so I'm out of those trades now. ...

THV System Trades & Patterns Thread

1) Automatic systems are crap...well, 99.99999999999% are. 2) Nothing can replace you doing the word and going over charts yourself. 3) If you spend an hour on Forexfactory, you should spend another hour going over charts...way more valuable! 4) ...

Got advice for a rookie?