Waves — Carrying on with my trading ideas - I'm going to talk a little about price action waves. I find that having a good understanding on price action waves is absolutely key to following a trend following strategy. I'm going to attach an ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Although I always set stops for trades - If I see a total drawdown of 30% (live or demo) - Then it's time to stop and find out what is going on. This happened once in the early days of trading live although it was completely deserved. I remember it ...

Are you a consistently profitable trader?

TREND Following 101 — Generic 'Moving average fan' strategy. Once i've spotted a clean trend with momentum on the daily chart - I look to the 4h - drop on my moving average lines - and use the stock moving average strategy. In these clean ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Finding that clean momentum — I read on this forum a long time ago, that if you trade in the direction of the trend and your stop is reasonably placed (based on ATR) - Your entry does not need to be perfect because the market will help you ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Some charts and how I look for trades — I was going to wait a little while before getting in to actual trading because if I just start throwing charts out there - the whole essence of what I'm trying to present may be lost. So anyhow, I'm ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Thank you Pjotter and FerruFx - The encouragement is more than welcome. Going back to that link for the game I posted earlier - That will link nicely in to my next post. Continuing along the theme of "The markets are unpredictable, but we can still ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Going back to the initial discussion point of this thread - My very humble oppinion would be this: No. The markets are not random. They are however, unpredictable. I'm not going to get bogged down in the semantics - but there is a difference. Pull ...

Pro Traders in a Random Market

Concept Number 1 — This is where we will get down to business. This stuff, when taken with an open mind, may provide a key to a lock that is holding back your trading performance. No one KNOWS where the market will go. It is impossible to know ...

Trading: As simple as possible, but no simpler - by a real Cityboy

About me — I’m 25 years old (almost 26) and have worked in finance for 4 years. I started my career at HSBC Bank, where I was a salesperson on the fixed interest side. I pitched ideas to clients and basically ensured that they were happy to ...

Trading: As simple as possible, but no simpler - by a real Cityboy

Thankyous and dedications — [Some thanks to forex factory members who I believe have helped improve my trading. The majority of these members, I have not spoken with directly – but reading their posts has given me fresh perspective and ideas ...

Trading: As simple as possible, but no simpler - by a real Cityboy

NZDUSD — Hey all, First post in this thread. Thank you everyone for the helpful posts here - Huge huge thanks to Chanya for producing the Price Breaks Through pdf. I have been following the thread for a while but have never tried to apply the ...

james16 Chart Thread

TLDR: You are not prepared. Search for Chicky on this site and read his thread. From one trader to another, I believe that will help you. Good luck.

I have a profitable trading strategy. Should I quit my job?

Thank you Cpt. Obvious Surely the objective of this thread was to hear the thoughts of those who have made the switch to full time trading and how they managed the process.

I have a profitable trading strategy. Should I quit my job?

Makes sense to me. Interesting point there about no thinking - just clicking. I place between 5-10 trades per month. I do work from a 'system' to spot my entries, but it's very basic. Essentially I look for what is trending, then place market orders ...

Are you a consistently profitable trader?

Based on your numbers, the strategy looks awesome - However if I were you, I would not quit my job just yet. In these times it is always smart to have more than one source of income. This goes for everyone. Employees, full time traders, porn stars, ...

I have a profitable trading strategy. Should I quit my job?