Great! You just forgot to comment on the name of the site: perfectstormtradingstrategy This is exactly the kind of site I would build after 40 years of successful trading

The life of a trading system on Forex Factory

I could theoretically accept that, IF those traders would ADMIT that the teaching fees are an important part of their income. But when we have traders who say they make 10% EVERY month (or even every week) and then they ask for 100/hour... sorry, ...

The life of a trading system on Forex Factory

In any case, it's not very surprising that most threads degenerate the way the op describes. It happens mostly because people are very VERY gullible. I won't be naming names in order not to cause unnecessary havoc, but I will just say this: I have ...

The life of a trading system on Forex Factory

I have read the basic points of most of the very popular threads here (spent too many hours reading over a period of two years). Certainly I have not read all of them or all the posts in each and everyone of them. In any case I knew about the SonicR ...

The life of a trading system on Forex Factory

I have great belief in humans, despite all the terrible crimes our species has committed. I think that our inner nature is kind and that our evolutionary history has made us the most compassionate among animals. So, I also believe that there MUST be ...

The life of a trading system on Forex Factory

If it breaks that there's also the previous month's high, 33 pips above.

Trade what you see NOT what you expect

Thanks, I don't expect much but the risk is small to non-existent, so why not. If you hear that I got stopped out or that I took a small profit, then immediately go short because that will be the point where it will fall 200 pips

Trade what you see NOT what you expect

That's what I usually do, but this time I decided to just go for a bigger movement. More of an experiment, actually. It appeared to me in the D1 and H4 that we had a retracement that was over, and that it would at least retest 1.5600 before either ...

Trade what you see NOT what you expect

I've been going short around 1.5735-15740 for 3 days now, shooting for 1.5600. and even though I could have grabbed 30-40 pips several times, I persist and it keeps taking me out at BE. This is about to happen again However I'm curious to see ...

Trade what you see NOT what you expect

Trading S/R levels has many aspects that are confusing: How do you decide whether to trade a reversal or a breakout at a specific level ? If price has moved on the other side of the level, how far it must have gone before you consider the level to ...

Three-toed Sloth trading

I've been fiddling with the settings of my indicator for automatic plotting of S/R levels, and I think I have tweaked it to my personal preferences. I wouldn't (and couldn't) have drawn the S/R levels better myself. It's really encouranging seeing ...

Three-toed Sloth trading

I've almost finished the trendline-drawing function in my indicator and it's pretty good. It draws 1 bullish and one bearish trendline on every chart - if it can find them. Not only it will help the automatic part of the trading, I also expect that ...

Three-toed Sloth trading

Well, the plan didn't work out. It was very good in theory, just 4 pips short. My stop loss in AUDCAD was hit, and EURAUD did reverse like I was expecting, only that when it reversed it had already hit my SL. By 4 pips. I saw the same thing happen ...

Three-toed Sloth trading

Taking another hedge trade, short EURAUD @ 1.2483 with 12 pips stop loss. Hopefully one between EURAUD and AUDCAD will hit the stop loss and the other the take profit. That's the plan, at least.

Three-toed Sloth trading

Well, let's see if the pair will honor its history. I'm short at 1.0671, with 13 pips stop loss and take profit at 1.0625.

Three-toed Sloth trading

USDCHF hit SL for -8 pips. At last, after hours and hours it was a relief. At the same time I closed the CADJPY for +19, so the hedging proved successful. One of them had to go down, it would be extremely unusual if both went up. I may try shorting ...

Three-toed Sloth trading

Opened another position with small stop loss: Short CADJPY @ 80.54 with 10 pips SL. The idea is to hedge my previous USDCHF short which has been pretty much dead for hours.

Three-toed Sloth trading

I've been here in FF for a little more than 2 years, but I was mainly reading and posting in specific threads. Lately I've been taking a look at several forum areas and I've been astonished by many things, however one thing strikes me the most: The ...

Three-toed Sloth trading