Position sizing, is in my humble opinion, one of the most important variables to affect a system´s bottom line. I use OANDA (by no means my best friends!!), because you are free from lots. The smallest unit is literally 1...(not lot but 1 $, or Euro ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Exactly Ferru any positive edge, applied to this MM, should get high .... Personally I´m at 387% increase since 1 of January....start capital for this experiment was tiny...but starts to look like a number by now.. I risk 50% of my last result plus ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

it´s simple You need a goood teacher. Then you need to be a good student. Makes no difference if the teacher is charging or not (except on your pocket), usually good ones do charge...why shouldn´t they. The problem is to be lucky, and smart enough ...

"good traders trade, bad traders teach"

Ok, so if your initial capital is 500 and your gain is 200, then you are risking half of initial, 250 plus half of gain 100 for a new risk of 350? Can you give an example if this isn't correct? Thanks....[/quote] yes: Initial 500 (risk half) gain ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Exactly Scarlett, that´s multipede thread, correct... Also I made a mistake where I wrote: "Intital risk on every position, 50% of total initial capital" I meant 50% of total capital after last trade (win or loose), plus initial capital.. Have an ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Started 2 January with this system, slightly twisted. Initiall capital is private "issue", (very small amount). System : "Hocus Pocus" Elliot wave and Fibos in time and price. MM: Intital risk on every position, 50% of total initial capital (though ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Considering 95% (plus) of all traders, not only Forex, but stocks, options , hedge funds...etc ...loose money, consistently, BE is not bad at all... Working on my edge, with a lot of experience and patience, if I finally get it right, I will retire ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Why should I forget "hocus pocus" when I´m having a profitable edge?

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I know how it feels to get stophunted by a hair, and then watch your past position reach the TP! Many years ago, a guy in the US walked into a broker office and literally shot a few employees dead...poor people... It´s the name of the game, then you ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Made same wave count and entered long for a weekly trade, enter on 240 Oviously went wrong

Elliott Wave Trading

Totally agree on the Manipulation bit. Just on stop hunting, many good Traders loose their well learned edge. People argue this is an excuse, and proper stop Placement solves the issue. Problem is to avoid the hunting the Traders are forced to make ...

why have you accepted the price-predictability assumption?

Absolutely, a picture is worth a thousand words....

Digamber Shankar PATIL's DSP Candle Strategy

Yeah and tax free too... Ask me, Bitcoin will explode, just by the fact that it´s a limited amount ever available....Bitpennies will be worth thousands....volatility will be there too...not recomended for the weak hands...this is just the ...

Bitcoin technical analysis

Hi everybody this is very interesting, if you consider the VST theories, about volume and candle size, as to recognizing the footprints of the Big Boys...the DSP candles must be somehow the mark of their actions...usually against retail traders, ...

Digamber Shankar PATIL's DSP Candle Strategy