Thanks for the replies guys. To address a couple... The 8 trades were over the span of a week. I know I should scale back the volume of my trading and only take what I think are the most high probability trades.. In terms of percentage risked, I ...

How to Cope with a Losing Streak

I don't trade as small as 2% per trade either, but $100,000 trading 100 standard lots per trade just seems suicidal to me. Unless you have a very high percentage approach that is. In other words, what I'm trying to say is are you accepting new ...

Are there any Large Lot Traders here?

What in God's name are you talking about?

Cable Update (GBPUSD)

Is there no argument for the money that's been on the sideline waiting until the result is clear cut? Do we think this is a profit-taking dip or the beginning of a continuation of the longer term downtrend?

Cable Update (GBPUSD)

Ugghhh... got on the No train late (around 8 hours ago). Got up to +70 pips, walked away from the computer for a bit, and now back to breakeven. Edit: Moving back up! Trying to decide whether to get out now or see if London pushes higher on ...

Cable Update (GBPUSD)

I had a loss on usd/chf today, personally. Do you trade Asian or Euro session, SWilliam?

Open Scalping Strategy

What? At any rate... 1000% a month? Really? I'd be thrilled with 20% a month.

Let's build together a system which makes 1000%/month

2 losses this morning during the Euro session: Buy A/U... -15 pips Buy A/J... -15 pips The funny thing is I had concerns about opening both these orders. There was a point of historical resistance dangerously close to my quote on A/U and on A/J the ...

Open Scalping Strategy

I don't currently use an indicator for overbought/oversold. I just look out for price consolidation after a lengthy trend. Look at the chart of E/U from 8/5 to 8/18. I commited to not taking any trades until price broke that 1.3335 support.

Open Scalping Strategy

I've been staying away from E/U and G/U as these seem to both be very oversold. I also stay away from set-ups where conditions would require me to set a buy limit in the .xx95 region or a sell limit in the .xx05 region. I think part of what ...

Open Scalping Strategy

2 wins on E/U and G/U today. Thus far using the 5 pip TP to 15 pip SL ratio: 13 wins, 2 losses... 86.7% win rate. Good start, but time will tell if it is sustainable or not. GL all.

Open Scalping Strategy

Congrats. Personally I got screwed. Had my pending sell at 1.0885 opened it at midnight EST. It got triggered 5 seconds before the news hit and instantaneously jumped up to take out my SL before heading down. The trade was both filled and closed for ...

Open Scalping Strategy

Currently long in AUD/JPY... Does this look ok?

Nihilist Forex Indicators

I'm just curious to know how many people in this thread are trading this off of a GMT close (around the time of Sydney/Tokyo session) and how many are trading this around midnight EST?

Open Scalping Strategy

I didn't realize that. Thanks for pointing that out!

Nihilist Forex Indicators

I agree. It definitely has to be forward tested. But just throwing a rules-based idea out there for anyone like me who gets confused sometimes on when to trade ... Whether it works well or not, I'll soon see.

Nihilist Forex Indicators

Being the simple guy that I am, I've been looking at setting up a more mechanical approach to trading Mr. Nihilist's wonderful indicators. Here's what I've been experimenting with... I call it: NICO'S NIHILISTIC NEW YORK METHOD ...

Nihilist Forex Indicators

Just to add my 2 cents... I found that the win rate was slightly lower than I'd hoped for when I manually backtested, so I've been experimenting with reducing the TP to 5 pips. This creates a less desirable R/R ratio, but I found that the win % went ...

Open Scalping Strategy

Thoughts on getting on the EUR/USD short train? Are indictors ok? Doesn't look like support is likely until 1.3300

Nihilist Forex Indicators

Yeah, I was a little concerned about the timing. Will have to see what develops in that resistance area.

Nihilist Forex Indicators