May be true yes. However Gary Player used to say he is just lucky - but funny thing is, the more practise, the luckier so, perhaps the same may be true for FX you think??

EURUSD only

Time to start buying? First target around 1500 - 1550. More exact targets will become clear in the next weeks. Oh yes - my SL around 1095 or so. Till then I will keep buying on every dip so perhaps start with a small trade. I normally risk only 1% ...

EURUSD only

Actually, to those trading SR, there is a major support area between 1.0473-1.0453. This area has been tested this morning and before that was tested back on 15/03/13. This area was created the up wave we had back on 15/01/03 and today was only the ...

EURUSD

In my own opinion - and from my own experience.. Yes, it is possible to save and buy a home from forex profits. However, for the beginner this is indeed a very difficult goal to achieve and my reasoning for this is:- Forex trading is a statistical ...

Can you trade forex to earn money to buy an apartment?

Also - the above overall description of how I trade also provides a possible solution to all those traders who make a profit in demo trading, only to find that going live is a very different story. On demo, my broker is perfect, honoring stops, ...

Who makes real money from forex?

I would say yes, it is possible to make "real money" trading forex. As an example of my trading, you may want to look at: url This is a demo account trading one of my strategies. I have four different strategies running in demo and, these trades ...

Who makes real money from forex?

Actually, one of my own sayings is: "In the market it is real easy to make profits - holding on to your capital is extremely difficult." (My trading group hear this at least once daily, 5 days a week.) For any and all strategies I have long periods ...

How Many Accounts Did You Blow Before You Got It Right?

In fairness, I think that we traders are allowed to blow some accounts. Else, how will we ever know the optimal level to trade a new strategy? Just like a racing driver take some practice laps to find out exactly where the limits of the car/track ...

How Many Accounts Did You Blow Before You Got It Right?

I agree - with the current price of oil, you do need to zoom in to see it.. Nice waves - thanks.

The Club!

I started trading the Forex market back in 99. Suppose I am slow and it took me till around 2006-2007 before I finally turned a profit - in the "long" term = annual profit. In the proses I certainly lost most/all my savings. Since around 2009 I have ...

Who makes real money from forex?

nzd rates this week. Any trade against the nzd may be a good trade?

GBP/NZD... this Pair is Amazing!

Bid is the LOWER value (The price potential buyers are prepared to pay.) Ask is the HIGHER value (The asking price the sellers would like to be paid.) If you have (for instance) a buylimit, buystop order, or a market buy, that order will be filled ...

Bid Price + Ask Price Question

I do not reply on forums often but, today I think I will. I think this thread is going wrong because we have no "definitions" as to what the purpose of the discussion may be so, I may try address this issue. 1.) Firstly - predicting price. In my ...

Why it is possible to predict price movement?

Last night, on the Dudley speech, I finally had an opportunity to try test for some decent loosers on this strategy. Here, an example of the kind of market conditions to avoid. image 2 loosers on a row - this is the same situation on all breakout ...

thunderbolt system

Maybe the ea is running the strategy correctly, maybe not. It was merely my own understanding of this thread. It was written to make forward testing a bit easier so I don't need watch the screen day and night. As such, nobody is under any pressure ...

thunderbolt system

Actually - the EA is just my own attempt at this strategy. Let it run for a few days and it should make sense. 1 loss, 7 wins and counting. But - what will happen when the market is ranging?

thunderbolt system

Up 1 loss, 5 wins. Meaning - I only need another 21 wins to double the account - or 58 losses to hit 20% (loosing the account) Oh yes - trading 3%/trade so anyone can work the numbers.

thunderbolt system

file Sorry - found the first problem so here hopefully something better

thunderbolt system

image This morning's trade. On a BUY: Entry I define as previous high + Spread + 0.1 pip. Keep in mind that I trade with FIXED spread - it is more expensive but, I can pinpoint my entry exactly where I want it. Reason for the above formula... 1.) ...

thunderbolt system

image Last night's trades. 1 loss, 1 win for me. Keep in mind that this is my interpretation of the strategy and maybe not accurate - still trying to understand what/how to run this strategy correctly.. If wrong, please let me know so I can fix it

thunderbolt system