I'm familiar with the Market Profile... I read Steidlmayer's first book "Market Logic", lol, and also Dalton's book on Market Profile & Auction market theory. Dave

Trading simple 1-2-3 & swing patterns

Always the best to you too Divergence. I'll read through your thread. My philosophy is that everybody trades differently and whatever works for "you" is your own "Holy Grail". Dave

Trading simple 1-2-3 & swing patterns

Yep. A combination of "traditional" 1-2-3 patterns and swing patterns. The picture shown in post 1 are simple swing patterns; simple 1-2-3 setups were described in my previous threads as noted in post 1. Rigidity to strict pattern "rules" is not ...

Trading simple 1-2-3 & swing patterns

Nice job Xeniz Best, Dave

Set and Forget

@Miro1360, This is exactly what I found when backtesting numerous triangular "hedges"... You could/would be stuck for years in a significant drawdown... and the small gains never covered the much larger losses due to the disproportionate pip moves ...

Three Pairs Hedging

I think folks need to be reminded that profit for a currency basket is not going to magically happen just because you've set up a triangle...no matter how many triangles are in the basket. If you are not perfectly hedge, then profit is ultimately ...

Three Pairs Hedging

David, Are you so sure that random systems aren't long-term profitable? That the "edge" in profitable trading is "simply" cutting off the losers (many) quickly and letting the (few) profitable trades run? I emphasize "simply" because in order to do ...

5 years and still no strategy

I bought and read Soultrader's book ("The Holy Grail Trading System").. here's my review on Amazon: "the author states at the beginning that the book is comprised of his years-long entries from his Grail blog, but also includes "behind the scene" ...

(binned per thread starter’s request) Is this guy trustworthy?

FWIW, 19 live trades isn't even remotely enough to judge your system...think in terms of 100's of trades before you decide to change it. Also, time and time again, its been shown that the most simple trend following systems are the most robust... ...

basic 4h trend trading strategy, is it enough?

Low liquidity is due to many banks/market makers being closed for Good Friday; spread is tied to liquidity.

Oanda's spreads today?

ROFL...I nominate this as the best quote of the Year! Thanks Copernicus! FWIW, regarding Rob Booker and his trading robots, I know by listening to his podcasts that Rob repeatedly STRONGLY advocates using a VERY SMALL position size relative to the ...

Show me a profitable Expert Advisor!

The pattern I trade is not Sperandeo's 2b pattern. I don't wait for a "breakdown" of a pivot low to occur as was shown in your link. The pattern I trade is more aligned to a 1-2-3 pattern described by William Dunnigan's "One Way Formula" which was ...

Simple 1-2-3 reversal PA scalp

Read Flotsom's posts from 2009-2010... same kind of very simple but highly profitable trading... Low risk (10-pip hard stop)/High reward, low win rate (approx. 35%), high DD (approx. 40%). I was in contact with him during that time and he freely ...

Very small stops (from 3 pips), ridiculously high RR (to 1:30)

... I agree with Mingary regarding the randomness of trade outcomes and thus the R:R, although, statistically speaking, you can get an approximation of an R:R, AFTER the fact, given a large enough sample size, and assuming that you ...

R:R Fallacy?

Nope... I simply answered a question asked by NaughtyPip..

R:R Fallacy?

Hmmm, let me do some ACTUAL calculations.... image image image image image I would say that based on the analysis of over 2000 daily bars for each of these 5 heavily traded pairs, you have roughly a 50% probability of price moving up or ...

R:R Fallacy?

I wish folks would stop equating a physical law with Human behavior... the path of a ball moving in a smooth single plane without friction is predictable.. human behavior is not predictable... a trend is a trend until its not whereas the path of the ...

R:R Fallacy?