Seems to be going our way... wondering if I should take profit or not... For now I've put a stop at 111.45 and seeing if this can be the resuming of the long term bearish trend.

USD/JPY Discussion

I tend to agree with you on this point and my system already made me enter a short order if it comes down to 111.5 but I am a bit skeptical. I mean, if everybody is seeing this, why isn't it happening? Something smells wrong with this ...

USD/JPY Discussion

Use smaller positions so that you lose so much on 80 pips SL being hit as you would have lost before when it was hitting 20.

big SL

I think I am on the same path that you are (although I'm probably lagging 6 months behind) and I must say I was inspired by feb and his thread "The System (Irony Included) here on FF in the "Trading Systems" section. I haven't made a trade based on ...

The Holy Grail - Found

Hi, I'm quite new to the forum and I've been reading this thread all day (wow... so many pages) and I must say I am contagiated by the way of thinking you guys have shown here. I would like to post here this image from USD/JPY as it is right now (4 ...

The System (Irony included)

If it hits your stop loss then you exit the trade... thus affecting it

News Reports

Too much volatility and bigger spreads... meaning your stop losses have a higher probability of getting hit. Just to see what I mean go check the charts of previous big news events and you can see (even in 1h timeframe) candles that spread over 100 ...

News Reports

Can be confusing as I am not a native speaker I sometimes write "hedge" when I mean "edge". To have an "edge" is to have an advantage when trading, like using a system with positive expectancy.

Hedge

Hi topgun, That is very interesting. Did they offer any explanation on why that misconception exists? e.g. Did the currencies trended more in recent years than in the last decades.

How much money can a seasoned semi-pro make with trading on Forex?

Thanks. I'm thinking of coming back. Right now I am at the stage of developing my own system. Well, actually I already developed 3 of them but the first two had too large drawdowns for me to think I will be able to weather them out. I am currently ...

How I blew up my account in 3 weeks

This refers to "backtest" a determined methodology of trading. After you develop your method of trading (based on price action or indicators) you should go "back in time" and test your method to see how it would perform. You should do this to see if ...

Backtesting

It is a guessing game, but you can make educated guesses. I have seen results from Monte Carlo simulation engines that if you randomly open a position you have as much chance of being right as of being wrong (actually losing money because of spreads ...

guessing game?

I like FX because of the volatility and the fact that it is open a lot more time. As I have a day job I like to go home and check the market still open. I can't do that with the stock market which is already closed (I trade there with daily charts). ...

How I blew up my account in 3 weeks

Thanks for your thoughts. I think I will try again with better MM rules, especially the one about the 2% maximum loss. Still... I probably need a few days to rethink the whole thing and decide if I can stomach another 3k burned.

How I blew up my account in 3 weeks