The 80% chance of winning the trade i was just using as an example, and for the 33% comment.. i was saying for it more like 80% chance of winning a 1:3 trade. im hoping for some statistical answers like trading "frequent style" 3 trades for example ...

Frequent or infrequent trading?

dont you want to see the market for any unsuaul movements.. i.e news spikes?

Hello everyone, let's talk about the market psych

im glad we got that covered from the beginning.. anyways i would like to explain why when u buy the EUR from the EUR/JPY and sell u are actually selling the EUR. you should also look up bull trap. (im going to create random figures just for the ...

Why such strong correlation of pairs?

If you sold Euro for the yen, $3231b in volume for example.. the price in EUR/USD would not drop it would go up because you sold EUR..meaning someone else has to buy it off you..and eventually drop down. anyways lets just go along with your question ...

Why such strong correlation of pairs?

"why it would affect another". because if you buy the EUR agaisnt the pound you are actually buying the EUR currency itself and ONLY the EUR meaning.. more demand for the EUR regardless of which cross pair the price will go up therefor there will be ...

Why such strong correlation of pairs?

i meant euro to the yen

Why such strong correlation of pairs?

ok ok this is how it works.. when you go long in EUR/JPY for example.. you arent buying EUR to the pound or a currency 'EUR/JPY you are just buying EUR.. when you short.. you are ONLY buying JPY hence why there is a correlation. so pairs such as ...

Why such strong correlation of pairs?

I'm not sure what you are really asking, but if your asking why if the EUR fluctuates.. it moves it's other cross pairs.. this is because each currency has a Trade weighted Index. If you are interested you should google TWI or trade weighted index

Why such strong correlation of pairs?

thats why sometimes its just unlucky, but if you are consistant with profits, it will always be ahead might i also add that saying, a cookie can crumble in a million different ways. trendline support and resistance aren't the only way to exit!

Luck or probability?

i agree with you 100% no one can give/teach you experience (if that's worded right), it's up to you to gain the experience. it's good to share your experience on the forum despite what others have to say. however i feel that sometimes luck plays a ...

Luck or probability?

yep 100%. after all that it comes down to the type of person you are. i tried to teach my friend with a $1,000 mini account. after losing a few he decided to take his money out.

Luck or probability?

thats exactly what i was saying, at first i thought 75% is really good. what i'm trying to say was it worked out better that i was taking the trades that offered more (same trading system). it's not tweaked. as i said i can measure how much i can ...

Luck or probability?

i doubt it, but u should always check it that day just incase.. if the market is lousy. call it a day and go walk for a walk and relax somewhere.

Trading 4th July?

my point wasnt that you shouldnt start small. my point is that because you are always going to be subject to emotional draw-downs you will never feel the freedom to try out new things. one step at a time

Please tell me your method!

oh right my bad i thought u were asking what that spike was haha

Last minute direction changes

il answer to the best of my abilities. its a bull trap, what happens is when the market gets exhausted and near a price ceiling or floors, bigger traders like.. westfarmers even know where the stop losses are so they put in enough money to make a ...

Last minute direction changes

i disagree. u shouldnt be trading based on your feelings anyway, with demo u can feel free to test/try out new systems and strategies. when u use real money you will never feel the freedom to do so.

Please tell me your method!