I agree with some of the other posters about deemphasizing the high win rate. When you start out your win rate sucks to the high heavens. As time goes on, and you tough it out, you will find that your win rate goes up nicely. You will enjoy winning ...

question: crossing over to winning side

When you don't know what you are doing, trading FX or any other financial instrument should be considered gambling. When you know what you are doing, it is all about how much risk you are willing to take to get the results you want. Whether, you are ...

if you could start over

If placed in the right context, along w/ proper money management; almost any indicator will work. I use moving averages (considered to be a tool moreso than an indicator).

Your top 3 indicators

I also agree that once you have developed a "winning trading system", trade management is the last and most difficult hurdle to get past. You can be a Quant Trader, Swing Trader, Day Trader, Astrology Trader or whatever. The art of minimizing losses ...

The Birth of a Quant Trader

The only time Trading FX can be likened to gambling is when you don't know what you are doing!!!

Differential betting system

Indicators are nothing more than a derivative of price. Do away with the indicators and focus on price action. Actually, when it comes to FX it is even more complex than just price action. Not only do you have price action to consider, but you have ...

Which indicators should be used to minimize losses

Well, it's pretty clear that I do not have an Average Down approach...but I have enjoyed the discussion. Carry on!!!

Averaging Down

It works for me......even the most ideal entry point will have a deviation of around 30 to 40 pips above or below the actual entry point......I will exploit this at every opportunity. This type of approach may not be for everybody......but it really ...

Averaging Down

Yes...but that rarely happens....I always trade based on a worse case scenario....Ideality is so rare....but it does leave without me occasionally....oh well. I take about 20% of my total position on my first trade and then I hope and pray that the ...

Averaging Down

The big difference in my opinion is the risk tolerance and profit target. A person who is Averaging Down is probably doing it over a very wide pip range. In my case, I am scaling in large numbers of lots over a relatively small pip range. Basically, ...

Averaging Down

This thread has been going on for a while and obviously everyone has their own ideas about what averaging down means to them. It would be nice to take a break and clearly define what Average Down means. I now realize that I sorta took for granted ...

Averaging Down

Very true.....there is nothing guaranteed about anything. All you have is high probability set ups and low probability set ups. Also....if you are already losing 5% of your acccount, you are either not in a high probability scenario or you are not ...

Averaging Down

If you average in w/o a clear and proven strategy, then it is gambling. Averaging in w/ a high probability set up is a perfect marriage IMO. When you average down, or average in randomly or in the middle of a major breakout just for the sake of ...

Averaging Down

Correct. Some stop runs occur w/in 20 minutes and some take 20 hours to complete themselves.....it just depends on market conditions.

Averaging Down

The markets are extremely old and extremely wise. It knows where all of the optimum entries are and it knows that you have about a 40 to 50 pip stop because that is what you have been taught. These 40 to 50 pip spikes (sometimes higher) are either ...

Averaging Down

OK

Averaging Down

Forex Factory is an excellent place to pick up a nugget of wisdom here and there. You may not find the ultimate solution to all of your trading woes....but you may pick up a spark somewhere that can take your trading to the next level. You never ...

Averaging Down

Yep.....you win!!!

Averaging Down

Hey Cindy, It is definitely not my intent to convince you to trade the way I trade...I obviously don't have anything to gain. FF is just a place to share ideas and perspectives.

Averaging Down

Yes.....trading this way is extremely risky and not for those who rely on 30 pip stop losses. Your float in your account will be very negative at times. The whole trick is to know when to apply this method and having the right mindset when you do ...

Averaging Down