Sorry, but I gotta come in here to make some things clear. A risk reward ratio by itself won't make any system profitable. Just because you use for example a 10 pip take profit versus a 100 pip stop loss, you would still lose in the long-term, if ...

Probability, Pyramiding and Money Management

well, and I can't imagine a worse pair to trade at the moment for trend trading. EUR/USD is ranging on the daily, weekly and monthly. Not sure what you tried to accomplish there, except gambling.

Trend Trading All Pairs

Guys, you need to pay attention to the higher time-frames. Why did nzdusd turn around? Look at the weekly, we were bouncing of a major trendline, and are still in a rising range / uptrend. Then look at the daily, we had a triangle forming and nzdusd ...

Trend Trading All Pairs

more luck than anything else. You need to stack the odds in your favor in order to get a favorable combined win loss and risk reward ratio. Just taking every single signal without considering the overall trend will hurt your account in the long run. ...

Trend Trading All Pairs

nice, playing a trend trading strategy with a pair that is consolidating on the daily. A sure way for negative account growth. Congratulations!

Trend Trading All Pairs

Instead of debating, why don't you just backtest that idea over the last year or so and then compare that to your old approach and then show us the two equity curves. Maybe one equity curve is declining at a slower rate than the other.

Using a 5x5 pip stop loss strategy

always great to be reading some mind farts / half baked ideas...

Using a 5x5 pip stop loss strategy

Question: How do you know it's a proven system? Or you just assume it's profitable? It always amazes me how people throw their cash onto systems that have NEVER really been tested. And no, just because it's posted on FF and has a gazillion of ...

How Long Does It Take to make $5000/Mo consistent profit?

sounds like a plan. But isn't the strategy you devised a trading system as well?

Trading systems are pretty over-rated

You only do system hopping, if you don't know if the system at hand is profitable. Get yourself the program "forextester" and do some forward testing until you have convinced yourself that you can in fact trade the system profitably. Then each time ...

System jumping - how to solve it?

you could ask the same about any other indicator, analysis and so on. Everything is based on hindsight, only few things in life have predictive value.

Elliott wave paradox?

Don't worry about trading track records for investors. I would rather worry about the tax man. If they find out that you are making profits and are not able to supply them with documentation on how you earned this money, you will soon be in a lot of ...

How to keep a track record of trading to show investors?

anything is possible at all times.

Would you consider this a valid double top?

Sorry, but that statement is wrong. In any other profession even the worst performing guy is making money, cause you will receive a paycheck at the end of the day. But in forex you can make and lose money. That's the difference, not that you get ...

95% traders go broke, only 5% survive

I always try to shoot for something between 1:20 and 1:100, but obviously depends on the market. However I won't cut it short, if the market runs further.

Risk:Rewards & Some experience on trading

you shouldn't ask that on a forum like this. I bet 99% of people here never paid taxes, cause they never made any profits. In my country it is classified as income tax which can go from 25% to 50% depending on how much you earn...

Forex-related taxes

You guys are amazing, you are rather not employed by goldman sachs and think that people who manage OPM have psychological problems. I guess you guys don't know how much the good traders earn when they manage other people's money - from millions to ...

Who will employ traders like us?

Are you very new to trading? On a jpy pair 0.954 means 95.4 pips.

Identifying Market Swings - Medium and Long Term Trading

Maybe it's not so wise to ask such a thing on a forum. You need a professional, who knows what to do... Just ask one of the big 4 companies, they probably know how to set such a thing up. Obviously you need to pay them, and their services are not ...

Asset Management questions

ATR = Average True Range Maybe you wanna check your chart platform and look at the indicators, or you may simply open url and type in "ATR definition", that might also help.

Identifying Market Swings - Medium and Long Term Trading