Hi Rennsissance 60/40 is still not good enough to make serious money in this game. I feel 80/20 is at least needed because backtesting does have margins of error. I would say you need to get your neck higher above the water mark. Cheers Rick

What I learned after losing $300,000 trading forex

My answer to your question is perhaps you are looking at the forest but don't see the branch, major price swings have nothing to do with it The patterns of expansion and contractions have no bearing on amplitude either, this is just behavior which ...

Price action at the core = family members' discussion project

Hi DrDave You may have describe my chart better than me so thanks for the input. My point is the amplitude is fixed for each pair, the period / frequency then becomes like you said non-constant periods. Once we know the specs. of the period / ...

Price action at the core = family members' discussion project

Hi Deanyakobs I thought I better clear this up as you noted the market is a Single Wave Fixed Frequency with a variable Amplitude. We need to include the actions of the Algo to complete the picture. The last important component is the Variable ...

Price action at the core = family members' discussion project

First of all 25% of traders succeed if you do the research. That 5% story is a lie to make the profitable traders feel good about themselves. Most traders who do a lot of back testing on their strategy's fall victim to fraud. The data offered by ...

Trying scalping with a 1000 bucks - Scalping is expensive!

No, its about trading systems because our minds only take wild guesses. Without months and months of back testing on a proven strategy, you are only guessing if you use your mind. If you are worried about trading costs, you have just proven your ...

Trying scalping with a 1000 bucks - Scalping is expensive!

Hi LDFX I trade live during the London session with a few FF members on another Social Media platform where we are putting our live trades up all the time. So I can prove I hit 85% plus win rates on every basket I enter if you follow my calls. I do ...

Trying scalping with a 1000 bucks - Scalping is expensive!

Hi pa18 I don’t see a problem. If you use a trade manager that shows just the profit, and focus on that - it’s cheap finance. I scalp the London session looking for 3-13 pips on average and couldn’t care less about costs. Let’s face it, take 30 ...

Trying scalping with a 1000 bucks - Scalping is expensive!

Hi Key3 The TMA True indicator showed me how to find the Single wave that traps the Algo, I have no more use for it now. I don’t see waves on every time frame. For me that’s falling into the trap of trading patterns on a hutch. Looking a bit deeper, ...

Real or Algo

Hi Failinforex Don't take it so seriously, this is just social media. I just have a problem with traders who display trading records then delete them to avoid examination. This really wasn't aimed at you, just all those traders who show and hide. ...

Price action at the core = family members' discussion project

Hi Traders Member Failinforex had placed a post here tonight regarding his theory that price action could be based on mathematics formula based on a double pendulum. Interesting stuff. I raised the idea that he was making this game too complicated ...

Price action at the core = family members' discussion project

Kodakwhite is a losing trader that has no clues how to trade. Just because he is uncapable of understanding how to trade the FX markets, he presumes its not possible for any trader to be profitable. George can only give you a boat and point you too ...

Price action at the core = family members' discussion project

Hi Gary You wrote fixed wavelength means you can anticipate the time of when a move will start/end along the horizontal axis. So, the time element is crucial here. Sums it up very well. George has a vision on how he can trade using Elliot waves to ...

Price action at the core = family members' discussion project

Hi Freefox Its not a multi wave Elliot “what ever” we trade but rather a single wave that has a fixed wavelength but with variable amplitude readings for each pair. You have seen my live trading occur every night in real time. Have a look at my ...

Price action at the core = family members' discussion project

Hi Key3 "hang on Houston, we have a problem" The moment we bring fibs, waves into the trading equation, we need to define two issues. What reference point are we using to establish the correct settings and what mathematics are we using to calculate ...

Real or Algo

Now you have found the best way to steal money of the market maker’s. Hope you were trading against the trend for high probability wins. A handful of 4-8 pip trades and you have 1% increase in equity every single day without fail. That’s 20% a ...

Cable Update (GBPUSD)

Hi Navk Just a different method that's all. I just want 1.5% a day equity and I am happy. Its not too hard to achieve this goal. In the last 15 min, +8 GU and selling again, +6 EG + 5 GJ on a very slow night. Your way is less effort

Cable Update (GBPUSD)

Easy money selling against market orders. Selling again now

Cable Update (GBPUSD)

Agree, as price is moving up, we need to look for exhaustion at key levels from which we can sell from. Last trade Sell 1.2495 for 7 pips. Waiting for a new chance to sell. No pressure trading this way.

Cable Update (GBPUSD)

If your planned trade hasn't a 90% chance of winning, you are trading the wrong strategy

In One Sentence - How Do You Trade?