3) before you enter a trade, obviously you need to know exactly the line in the sand where you are going to exit (or hedge if you're into that) should the trade go against you and you wish you were no longer long/short, because you realize that ...

10 Rules for Traders

2) take note of rule number 1.

10 Rules for Traders

holy grail. a term used a lot - means different thing to different people. for me holy grail is simple, only 2 ingredients.. 1 - win rate greater than 50% 2 - risk : reward ratio. risk is always less than 1:1 of course to be profitable you only ...

10 Rules for Traders

Here is a quiz you can do I found at a prop firm website to assess your "readiness". (fwiw I only got 6 out of a possible 14 points..)

How to become a prop trader

I don't think you made this thread to generate traffic for FF. That sounds completely ridiculous to me. I like this thread because I always make mistakes. I enter trades too early/late and therefore don't place my stops correctly. I start drawing ...

3 Mistakes you make over and over again...

I'll be on twitter and someone I'm following will tweet something. Then I let the tweet influence me, and it will spook me out of a position I'm in. Or I'll find myself in some DAX trade based off some harmonic bullshit because it looks like a bat ...

3 Mistakes you make over and over again...

Hope everyone is enjoying the weekend with loved ones. I actually have the same positions as you, but I also have Corn and Bund longs. Account "balance" is down as all losing positions have been stopped. But these open positions are all in profit ...

Advanced TST

I think sugar looks interesting. Read something about El Nino's effect on cane crops from Thailand to India. Commitments of Traders image Should have had a stop buy in last week but I didn't. So got a limit buy at level where stop buy should have ...

Advanced TST

someone who works for Nordea Markets posted this "FOMC dove-hawk spectrum 2016" on twitter recently..

Advanced TST

I had a stop sell on AUDUSD at 0.733 which got filled. stop loss at 0.7405. take profit 0.695. GBPCAD - Hopefully Gov Carney & BoE inflation report / interest rate decision doesn't stop me out prematurely..

Advanced TST

Hello Numbnuts, given you're bullish USD more recently, have you gone off selling USDCAD (about a week ago due to strength in oil)? You also mentioned you were looking to spread risk by also selling EURCAD and GBPCAD on pullbacks on the daily (since ...

Advanced TST

Hello Numbnuts, thanks for the quality thread. I know of people who charge a subscription fee for lesser analysis. Your XAUUSD (gold) trade is looking good. On the XCUUSD (copper), I notice there was a bit of resistance around 2.16770 in the middle ...

Advanced TST

In my experience, most brokers don't let you withdraw more than your initial deposit back on Credit Card or Skrill, ect.. if you deposited that way. They make you link a bank account and you need to provide scanned statements as proof.

Pepperstone Forex

listen Mingary. just listen. you're a guy or whatever. Maybe you have a nice wife and a kid or two. Good for you, you're doing great. But listen - what the hell are you doing wasting your life on these forums? I know what you're thinking, this guy ...

Reasons for being a loser master

Is it a scam? As in, if you buy it, they won't deliver the indicators/scripts/template? It costs 210.60USD. I'm not about to buy it. -You could probably come close to replicating it by searching for almost all (or something similar) to those ...

Do you know 'renko chase system?'

Lets say USDJPY is down on the daily. If we're in a sell trade already and we get another sell setup, should we also take that before the first trade closes. In the example below (in hindsight it came good) but it actually tagged the upper and lower ...

Atheer's scalping method 1

that usdjpy sell came good for 10 pips..

Atheer's scalping method 1

bull flag

Any one trade USDSGD?