Been there done that, holding long term positions prevents you from profiting from short hard moves. A long trend trade of say 400 pips may offer the scalper 3 times the amount of pips because we trade the pullbacks or spikes hard. I do trade long ...

Cable Update (GBPUSD)

Hi Army Hedging allows me a second chance to make money if a sudden unexpected move goes against my first position. I hold a 11-15 pip hedge to protect my account and just move on to the next trade. Later that day or occasionally the next day, I ...

Cable Update (GBPUSD)

I would say if you are scalping, you are looking to trade a small edge offered by a price action movement, either with or against a trend. Either way it’s a trade that historically offers a small win more times than not. The intention is of course ...

Cable Update (GBPUSD)

I believe most standard rules just set you up to die a death by a 1000 cuts. I read a study where risking 7% increases a traders profits by double over a year. Personally as I am a scalper that only aims for 5-15 pips per trade and have a high win ...

Cable Update (GBPUSD)

I don't know why traders look so much at the big picture and miss whats happening in real time. Price will probably look to hunt the stops above or below current price. That's 7 pips up or 4 Pips down. Which Way? I trade when I see an inbalance of ...

Cable Update (GBPUSD)

Yes, do a search in the online indicators area and you will see a good one there. It works well

Trading Made Simple

Hi Forexdg Yes, I am looking for a sign price action has clearly broken away from a consolidation area and is moving away with momentum. Often the best signal is a good decent size candle that's has its wick hitting a liquidity zone then closing ...

Trading Made Simple

Hi DonPato We are talking about two things here, automation of trading and Discretionary trading. Both are completely different and have nothing in common with each other. There is so many ways to make money in this game, I see trading records ...

What increased your probabilities as a trader?

But that edge is probably going to be too small and too time consuming to trade it manually so it’s best done within a Algorithm. If we trade say a moving average strategy using a simple MA strategy that just places a trade when If bar 1 closes ...

What increased your probabilities as a trader?

Hi DonPato Any Indi or Algo concept that is applied to the market can make money. You just have to test for a edge and trade that edge on every signal over a extended period. Nothing really hard, it’s about execution.

What increased your probabilities as a trader?

Hi Forexdg I wait for a new day because major news events may change the Bias. I just check the candles after New York Closes for a new trade. Also I wanted this EA to be a hands off model, just set my take profit and stop and DO NOTHING, let one me ...

Trading Made Simple

Actually, just for fun, I opened up a EA on trade explorer that is testing a model on DEMO that opens both a Buy & Sell at the same time then closes them when in profit at various sizes. It started back in September and to be honest, it isn't great. ...

Trading Made Simple

Hi Frexdg Yes, I was too quick to draw that chart up, trade 3 was on the last set of lows. This EA is design to hunt a set dollar amount, on trade size 0.02 its $60 ( stop loss $30 ), on trade size 0.05 its $160 ( Stop Loss $80 ). It will shut down ...

Trading Made Simple

Nice trades Emmanuel, here is how one of my Scalping trade manager works. I discarded the TDI & Stoc and just kept the 5EMA+3. Really its just the 10 EMA of course. Here I build it into my Scalping trade manager which takes a trade on every cross of ...

Trading Made Simple

Hi BlackNapkins Any TP is good in my books, some nights I want 7+ pips, other nights I take anything I can get. Last Friday night, I was in one of those moods where I was just taking a trade every two minutes and looking for any profit as i only had ...

"AUSSI" my thread and anything I want to put here

Here is what is important. If you are in a relationship, will it bear locking yourself away in a trading rooms for hours on end, week after week. It destroys relationships without any doubt. Personally on some days, I don’t trade and spend time with ...

Would you recommend trading?

Buba We already know, study the Day chart a week out from major news on any US pair. They start moving it early to cash in from the news. If the week is Bullish after turning up from a previous bearish run, BUY BUY BUY Unfortunately that doesn't ...

Where is the holy grail?

I have the Map, what I call the Holy Grail printed and framed on my Trading room wall. Do you want to see it?

Where is the holy grail?

Sorry about that Tekkies Mind you he/ she is probably still drunk from the weekends big Rugby win.

Trading Made Simple

All I can say is bring back your MEME Algo work to this thread Emmanuel. Remember back in 2016 / 2017, that was probably the best days for this thread,. There would of been over a 100+ traders following Emmanuels multiple entry multiple exit ...

Trading Made Simple