Millionaires? This guy claims he does 100% - 150% a week. If you started with a $1000 and "only" did 50% a week you would have $1,434,648,375,481.61 in one year. Almost 1.5 trillion dollars. Maybe he exaggerated just a little, so he'll only be worth ...

Looking for a 3-10pips system

Google "What is mofu trading" -without the quotes

EURUSD

You must be making a ton of money. What's your average price around 1.2850?

EURUSD

I agree with you R2R. People don't realize what good timing you need to use 1:2 rr. Even making it more difficult, most people are trading on 5min, 15min, and 30 min charts with sub 30 point stops. In theory 1:2+ rr is the ideal way trade. In ...

Tight stops, Winners run, 1:2 RR blah blah blah

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Ramblings of a Forex Junkie

Thanks for the link 60mm. It shows that traders are right about 60% of the time, but their rr is roughly 2:1 so they are losing. All they need to do is let their profits run and they would be successful right? But, how low would their winning ...

Tight stops, Winners run, 1:2 RR blah blah blah

It very well could be discipline, but I don't know and neither do you. We have no idea what rr people are closing trades, and no broker that I know of supplies that type of data. Do you have a link you would like to share?

Tight stops, Winners run, 1:2 RR blah blah blah

The problem is most are unable to think in probabilities. I have a friend who his a professional sports bettor. He will tell you he has no idea who is going to win a game. What he will tell you is that he expects a 3% return on his money over the ...

Ramblings of a Forex Junkie

SP wouldn't consider that a test of the daily low since he marks his highs and lows at midnight est. Most of the time it doesn't matter since it's rare for Asia/Australia to put in a new high or low, but it's been happening lately.

Ramblings of a Forex Junkie

20 pips at 50:1 is 10% risk per trade. 3 losers in a row you are down to 70% of your capital, 5 in a row ( and I assure you that it will happen) you have now lost half your account.

Ramblings of a Forex Junkie

At 60% win rate you will have plenty of times where you lose 3 trades in a row. Now lets say you risk 20% of your account on each trade, 3 losers in a row you are now down to 40% of your capital.

Ramblings of a Forex Junkie

I would say hardly anyone is cut out to be a trader. There are plenty of profitable methods, most people will find a way to screw them up. Picking the trades they like instead of taking all the set-ups, moving stops to b/e too soon, abandoning the ...

Ramblings of a Forex Junkie

I have April high as 1.3199. And there is absolutely nothing wrong with being conservative.

Ramblings of a Forex Junkie

Why 3085? Just curious as I can't figure out the importance of that area.

Ramblings of a Forex Junkie

99.6% lol url

Forex = legal scam

Supply area GBP/JPY 4hr. The 1hr gives a much clearer picture of the area. Would have been a better trade if I didn't manage it like a monkey on crack. Still was able to get about 2.5:1 rr. image

B.S. Trading with Kenneth Lee

Supply area for GBP/USD daily. It's a pretty big area, about 80 points. image

B.S. Trading with Kenneth Lee

The thing about trading is that it rewards randomly over the short term. You can take a good set up and it loses. You can take a poor trade and end up with a great result. You have to look at the long term. Just because a trade loses does not ...

B.S. Trading with Kenneth Lee