Played the range — Decent range in Euro. Grabbed 150 +or- pips. Got stuck in a short while it broke out long. Waited for RSI 9 on 5 min to hit overbought, then added more shorts. It came back down, bounced around a bit then i closed them out. ...

Exiting the Rat Race

Are you referring to time per day? Depends. As much as possible. Several hours each day. The nice thing about trading is I can do other things while I am monitoring my trades, so it isn't boring really.

Exiting the Rat Race

Profit % — At this point in my forex business I am not calculating profit %. I am trading with micro lots and my goal for my first month in the business is to be consistently profitable. I have no monetary goal at first. I am risking an ...

Exiting the Rat Race

Ended up hedging GBP/JPY trade. Closed short of hedge at -240 when market was at key fib level and looked to go long. It did, so I closed the long when it reached 240 so I broke even on that bad trade. I had too large of a position on it so I didn't ...

Exiting the Rat Race

I don't currently have a full time job, I do seasonal work, and the season is over, so I can do full time forex . If I fail, then do seasonal work again. My plan is to start out trading small positions, as I gain more experience and confidence ...

Exiting the Rat Race

pips continue — Still cant upload charts, so I'll explain. Traded breakout of tight range resting on 0.382 level. Placed long above range and short below (I expected it to go long, but the short was a hedge). It went long and another swing ...

Exiting the Rat Race

Rejection of 1.4310. Market is still undecided but if the current fib holds on the 1 min chart and it breaks 1.4310 this time, then we may be in for quite the ride long. Perhaps all the way to 1.4666 or so (with bumps on the way of course) the T1 of ...

Exiting the Rat Race

Good day so far — I've had all winning trades today, that overnight trade combined with my scalps so far has me up +330 pips for the day. I scalped the breakout of the range on the Euro long and then placed a short on the retrace a little ...

Exiting the Rat Race

205 pips — Saw that Euro was obviously overbought, RSI 12 was above 70 on 1 hour. Also price was a bit above the 0.382 level from the downmove on the daily. Placed sell at market with buy above swing high as hedge and let it go overnight. Woke ...

Exiting the Rat Race

came out ahead — Rough day, 2 bad trades. Had to hedge the second one. The second one was a bad short. Pulled fibs, fibs indicated long. Set set equal amount of longs as shorts and closed longs at T1 then put on another equal amount of shorts ...

Exiting the Rat Race

Rubber band — As mentioned before, retraces are inevitable. I am wondering when EUR will find a bottom. Perhaps it already has. It is always a good idea to go with the trend but EUR is so oversold right now it seems risky. Is this recent up ...

Exiting the Rat Race

My CPR technique is the very reason I don't use stops, I break even on my bad trades this way. It is based on adding to a loosing position when momentum slows and closing all positions when the inevitable retrace occurs. This goes against ...

Exiting the Rat Race

bad trade recovery — Ended up with +10 on this one, but was sweating it for 3 hours. If it would have climbed above the swing high I would have resorted to hedging. Used my trade CPR technique and ended up positive on a retrace at the 38.2 fib ...

Exiting the Rat Race

VHands — For those who don't know already, vhands is a tool you can use to learn price action in fast forward. Don't trade live until you are consistently profitable on vhands. I can sit down and use vhands in any moment in time on the 1 min ...

Chronicles of the Price Action Scalpers

Not as much time spent trading, smaller day, yet profitable. 1.5 -0.3 -3.9 4 -1.6 2.1 4.6 7.9 14.1 0.2 5.5 5.5 15.3 9.8 Total 64.7

Exiting the Rat Race

catch for the day — Pips -26.1 14.8 10 22.9 18 -14.6 0.7 7.7 4 7.6 1.7 -3 -5 8.9 5.7 5 6.5 1.9 4.3 -6 8.1 14.2 9.2 7.5 9.9 -29.5 32.6 5.4 Total: 122.4

Exiting the Rat Race

I have been purposely backtesting the areas of the market that have the biggest carry trade unwinds to see if the system can handle them. Like you said, with a bit of discretion following the news one could perhaps avoid the big unwinds...........or ...

Super Carry Trade Trading System

I thought the pic I posted would be fairly self explanatory, but perhaps it is too hard to read. On the last test (that blew up the account) I chose an area of the market that had a downturn and then a period of ranging. I used daily candles. I ...

Super Carry Trade Trading System

I am not trying to be overly critical of this strategy, I am just trying to make sure I understand the concepts behind it thoroughly. If I have done something wrong let me know. As I mentioned earlier, I am not testing the buy stop grid as part of ...

Super Carry Trade Trading System