It would have hurt if he had to pay taxes for the 7k at the end of the year and after that lost all of it

I lost 7k dollars and I am in a massive pain

That's correct. If you do the math you see that no matter if you trade one or 2 sides you will have the same profits and losses due to tp and sl if you stay with your 50% win chance, with the upside that your gains and losses are not clumped ...

Central Banks & Big Players

That is exactly the point. If you win by chance on a one sided but would loose if you enter the 2 sides of the trade the same time the strategy holds no value as it was just pure luck! Taking both sides evens out the equity and balance curve (+ ...

Central Banks & Big Players

You haven't read my post thoroughly but as you said no elaboration is needed.

Central Banks & Big Players

This has been discussed a few times already, and the chance of a fixed 100 pip tp in both direction without hitting both stops doesn't happen on rare events. Just study a few news and you see many many whipsaws. The action after the news event is ...

Central Banks & Big Players

Or imagine a game where you play to win other peoples money (like poker), the casino gets a share of your profits and you are winning every week. What do you think the casino would do? They would their best so you stay and to be profitable for a ...

How I made $250,000 last week... SUPER SECRET Strategy

That is an interesting read thank you. I have barley any knowledge regarding options and the only thing I do know are the different greeks. It's surprising that you suggest buying options far out of the money. All news related strategies for options ...

Central Banks & Big Players

If you are looking into retracements I suggest you take a close look at the oil (or was it gas?) releases. One of this instruments retraces pretty sharply almost 90% of the time if I remember correctly. With Oanda increasing the spread and routing ...

Central Banks & Big Players

Has anyone looked into options to trade news? I want to diversify part of my news trading strategy just in case this way of trading might not work anymore sooner or later for what ever reason. I don't have much experience using options but I believe ...

Central Banks & Big Players

I don't really agree with this point. If I loose 30 pips of my capital and I will not be able to enter another trade due to balance restrictions I am worse of than just missing an opportunity. (To be fair this is a very special case). I don't really ...

Twelve widely believed forex myths

If they also offer guaranteed limit order you could put a limit order a bit further away to hedge your position in worst case. If it's possible this will still cost some pips but it still covers the mayor incalculable portion of risk. I would be ...

Central Banks & Big Players

Hey guru your strategy sounds really interesting. I trade his system since last week and my profits jumped to 400 % in such a short time. Just imagine what we can do. (100$ *4^4) = 25600$ / month. Guys we can all be rich soon He told me he ...

How I made $250,000 last week... SUPER SECRET Strategy

If you are here for the idea to let a code run and you profiting from it better search for a new hobby quickly. This ea only manages trades, it will move the sl accordingly you have to enter the trades yourself.

News trading discussion - continuation

Try to put the EA in the expert folder instead of the indicator folder.

News trading discussion - continuation

I always enjoy number crunching if it will be useful at the end is a different story but it's just in my blood . Are we all doing this by programming our individual mt4 indicator? I am currently at the back tracing step and will most likely catch ...

The Scientific Method : MMLC (major move life cycle) v12

After the first spike is over and the news does not have proven to influence the market in a long run it's 50/50 from that point on. That is at least my point of view

Central Banks & Big Players

That is the reason why I decided to switch to GBP/JPY. the spread is just a little bit smaller but more predictable and the move is roughly the same if not even stronger. The spread 5 minutes before the news started to climb to 7 pips which lead to ...

Central Banks & Big Players

Ted talks have always been very inspirational. Don't focus on the goal rather focus on your own behavior. It is easy to calculate what returns you would need to achieve your goal, but first of all you don't decide how much volatility happens and how ...

How do I make millions trading Forex?

I have yet to try out market order but it always thought it would be impossible to catch the original spike manually. Maybe I have to go over your pictures again but they all looked successful

News trading discussion - continuation

There is not much science behind all of this ... just flipping a coin ( url ). I don't want to clutter this thread so if you want to talk about it send me an e-mail.

News trading discussion - continuation