If you are not using a stoploss, how do you know how much you are risking per trade? You must at least have a mental SL and then you need to constantly monitor the trade.

5% risk per trade?

Kindly explain how one can become rich by holding a losing position for years or even decades on end. One would need to be rich already. Somebody trading EURUSD 0.1 lots with a $10,000 account would have a margin call before it hit zero.

Never Lose in Forex - Guaranteed

If trading Fibonacci RETRACEMENTs, you trade the retracements. In your chart, you show a strong down move. The idea is that when the price retraces to a Fibonacci level after a strong down move, you would enter short, not long. I know that a lot of ...

How to master fibonacci retracements?

There is no method, read post #1 again

Never Lose in Forex - Guaranteed

I must admit to being curious about this. Can't wait to see the new thread with all these millionaire traders this time next year

Never Lose in Forex - Guaranteed

The number 25 is part of the ADX indicator. When the ADX line is above 25 and rising, it indicates the strength of the trend. Note: the rising ADX has no relation to the direction of the trend, just the strength. ie a risng ADX can indicate whether ...

Correlation - Good Way to Trade?

There will always be false signals, they can't be avoided unfortunately. You can only hope to keep those false signals to a minimum. There are many threads here on FF with different methods, but be aware that most of the posters on the threads will ...

Correlation - Good Way to Trade?

There are so many different indicators and different traders use them in different ways. There is no magic indicator that will make you a super trader. You have to experiment and find what works best for you. The higher timeframe charts are more ...

Correlation - Good Way to Trade?

Wait for the Euro to go up against what? And wait for the Yen to go down against what? If you wait for the Euro to go up against the yen and for the Yen to go down against the Euro, what you are waiting for is the EURJPY to go up and then jumping in ...

Correlation - Good Way to Trade?

You wouldn't go long with 2 lots, just 1. Long 1 lot EURUSD plus Short 1 lot GBPUSD is exactly the same as Long 1 lot EURGBP The OP is not trading correlation, simply trading long EURGBP

Correlation - Good Way to Trade?

I'm not really sure what you want, but you will find a momentum indicator in the MT oscillators. Possibly the closest thing to a speedometer.

Price Action Speed Rate?

I should also point out that what you have actually done in your chart is open a long position on EURGBP. But by opening 2 separate positions, your only achievement is to double the spread.

Correlation - Good Way to Trade?

This sort of trading can work for a while. I used to do it with stock market indices and made a fair amount of profit. You don't need a stoploss, because you are short one and long the other. The idea is that the correlated pair will always return ...

Correlation - Good Way to Trade?

It's important to understand your goals and to keep it realistic. If trading once per day, as is likely if trading the hourly charts, with a 60% strike rate at R:R 1:1 and compounding you would have to risk about 7% per trade to turn $500 into ...

$500 to $100,000... The Inspiration Thread

And who loses the most money if the market immediately moves against you and hits SL? Going all in at the start will lose 10 lots x SL, whereas he who scales in will only lose 1 lot xSL

Maximizing the winners

You don't seem to realise that you use the term Overbought in post #2 If you don't mean + 80, then explain it!

Genesis Matrix Trading

As you have repeated many times in this thread - "Read post No. 1 and No. 2 What do you say in #2? "Stochastic if falling from a recent overbought state" You never actually qualify what is meant by "overbought" I have read the whole thread and ...

Genesis Matrix Trading

That's great. I think that you will find that most people consider the stoch "overbought" level to be above 80. I think that this has been repeated many times in this thread. I have allowed the fact that stoch has not moved into + 80 or -20 keep me ...

Genesis Matrix Trading

I didn't trade the first signal after the FF open, same as you. (Ist vertical line on chart) I didn't take the signal after the london open, because the stoch had not visited +80

Genesis Matrix Trading

When you have time I would really appreciate your reasoning why EU short was a no brainer. I really didn't see it as a high probability trade. If it was a high probability trade, then I am really doing something wrong here.

Genesis Matrix Trading