Price movement definitely isn't 100% predictable. However, we can predict with a certain probability to where the price is going to go next. Example: A double bottom where the 2nd bottom is at a strong point of support. There is > 50% probability ...

Forex Dream Chasers - The 90% rule of randomness

I don't understand how a majority of traders fail in a live account after being able to successfully and consistently 2x, 3x or even 10x a demo account. I don't get it. Unless those traders are :- 1. Overleveraged and got lucky or 2. They trade ...

Were you one of the world's best traders trading demo?

1st chart is AUDJPY 15m tf yesterday. 2nd chart is GBPUSD 15m tf yesterday as well. The pips difference between my tp and the bar low was 8.3 pips. Its kinda hard imagining the spread widening out to that much for such a low volatility candle. On ...

What's the reason for not getting filled? (Pics included)

Taking 50% partial profits and letting the other 50% run while moving stops to breakeven is nice. How would you manage your other 50% runner? How would you determine if a trend is broken? A trend can be broken to 1 trader but can be a pullback entry ...

What is your plan to ride winners?

Do you risk the same % for all time frame or do you give more weight to the higher tfs?

Anyone treating each time frame as its own separate trade?

I 100% agree on these, hanover. Here's my take on them. I don't understand how traders give a majority of their success because of MM. If their trading plan is bad, no MM technique is going to save your ass in the long run. MM is a multiplier to how ...

Twelve widely believed forex myths

I agree that its not as simple as "Bullish MA cross = Go long. Bearish MA cross = Go short." I'm considering putting some "weight" into my decision process when a MA cross appears but how much "weight" I'm still testing (hence this thread ). So ...

Do you respect the MA crossover?

From what I know, it's a signal many traders use that signifies a change in trend. Do you find this question weird and why? So my question is, if you're short and your Ma has been bearish and a bullish crossover appears. Would you reconsider your ...

Do you respect the MA crossover?

That's true but if your position size is too big for your account, your stop loss will be too small and it will tend to get hit quite often which will slowly blow up your account.

Over-leveraging kills: True?

So basically its the oversize that kills not the overleverage? A 1 lot trade in a $100,000 account is the same with a 1:1 leverage vs a 100:1 leverage. Correct me if I'm wrong here.

Over-leveraging kills: True?

Don't you think it should be "don't trade too big for your account" advice more appropriate? I kept hearing this advice and I kept getting confused on how in the world can leverage blow you up. I think its the position size that blows you up.

Over-leveraging kills: True?

I agree. Do you trade different directions in different time frames? e.g: short on h1, long on m5

Anyone treating each time frame as its own separate trade?

Definitely, I tried 1 of my strategies and it was losing money. I looked back and found that a majority of my positions I could have either:- 1. Close out for a small profit 2. Move stops to breakeven on a certain number of pips. If I were to do ...

What are your most profitable rules in your trading plan?

I still think the entry is much more important than the exit because if your entry is bad no matter how good your exit is your probability of profit is low. It's like using a bad trading plan with excellent mm, you will still lose money. Just ...

What are your most profitable rules in your trading plan?

I would define "chasing" when your tops or bottom entry target weren't hit and price reversed and closed multiple bars and half way to hitting your tp in the favour of your direction. An entry in this situation would be chasing imo after multiple ...

When would chasing a trade be worth it to you?