H4 on lockdown...a scalpy day. Got some quick pips on a long. Looking to see if something would give for a signal...hmm. Not sure why the images came out the way they did...decided to remove them. Entered long at 1.22973 and exited at 1.23071 FX4

Pitchfork Goldmine!

LD, Five to ten trades per month trading a longer time-frame seems reasonable...two or three a week. The human element can get in through that over-analysis...it happens. Having a sales manager "breathing down your neck" is no fun...but it's one of ...

Are you a consistently profitable trader?

Hi LaurenceDale, I can imagine how working to a target can get hairy. At this time, I don't have a "number" that I need to return every month. Lately I've just been working on trading my method well and whatever the return is it is. Last month, with ...

Are you a consistently profitable trader?

Seems as though you look at everything the broker offers. Do you actually trade them all...not at the same time I'd imagine if you did trade them? Now how did you know which pics I was referring to? LOL. I really don't think they have a place in a ...

Are you a consistently profitable trader?

The Weekly Chart Wrap-Ups are now posted. Enjoy! FX4

Pitchfork Goldmine!

You make a good point there...retirement funds. Less risk...sure. Clients that can sleep at night should stay around for a while . Have to ask...Is there a certain minimum percentage that is the goal or just go for... Young...shoot for the ...

Are you a consistently profitable trader?

Hello KumoDragon, Like the idea of an "emergency stop". I also like your plan: Lock in first target then let it run. How do you feel when you're "letting it run" and it starts to retrace? Aren't you tempted to take your profit? I have a stop yes, ...

What Is "Proper" Risk/Money/Trade Management?

Back again Hanover, The two extremes you highlighted were good ones . For me, the two extremes highlight the crux of the matter: The trader needs to somehow find the optimum compromise between protecting profit made to date, but without overly ...

What Is "Proper" Risk/Money/Trade Management?

Here comes the Stalker...lol Shucks...I'm sure there are traders here at FF that can do that. Now let's think...is that because they've been (the clients I mean) conditioned to accept losses and therefore are okay with 4% a year? What if 20% became ...

Are you a consistently profitable trader?

Hi Stalker LaurenceDale...lol Thanks for posting. Glad you are enjoying this "little goldmine of wisdom" as you put it. Profitable is profitable in my book. If a trader can do what it takes to generate consistent profits, then it should just be a ...

Are you a consistently profitable trader?

Continuing on... #2. I trade the s/r in an anti-trend direction...this is a special case and certain particular conditions need to be met....in this case, my s/r is usually weekly, monthly, sometimes, daily. (b)Of course, i want a linear regression ...

Are you a consistently profitable trader?

Okay Skynet, Now I have some time to go through your posts... Like every other technical tool...s/r needs to be traded properly to be effective. Agreed. #1. I trade s/r in the direction of the trend--in this specific case, i dont take my s/r lower ...

Are you a consistently profitable trader?

Thanks for the vouch! Have been going through some of your other posts...good stuff (except for those crazy pics)...can't read them fast enough . Lots I can learn about trading from you too. FX4

Are you a consistently profitable trader?

Just closed a signal on a long on Eur-Usd (+18 pips). Chart is below. Signal details are on the blog. FX4

Pitchfork Goldmine!

Great post Hanover...and the link to your other one as well. Will comment later when I can give it another read. Thanks, FX4

What Is "Proper" Risk/Money/Trade Management?

Congrats!!! Learn which market conditions suit you the best and trade only those market conditions on any pair. Amen to that! Successful trading is ultimately about the trader. Once the method has been "found"/developed/put together even ...

Are you a consistently profitable trader?

No probs...but not a sir :giggle: By the way, about how many pairs do you watch/trade? Do you swing trade H4? Congrats on our Gbp-Aud trade! FX4 P.S. If I could vouch for you 3 times I would. Since I can't do that, here are the other two: ...

Are you a consistently profitable trader?

Turveyd, have you really looked at S/R on H4 and higher? I do see your logic in the six M5 bars idea though. Did you run some numbers on those "coincidences" you were referring to? I haven't but they seem to play out like clock-work to me. Thanks ...

Are you a consistently profitable trader?

Skynet, I looked at your charts and there is just one thing I want to say: and !!! You've got something going there for REAL!!! I have put in many, many hours just studying price action etc. You know what you're doing and what ...

Are you a consistently profitable trader?

There's alot of wisdom in this quote...a whole lot. "Everyone gets what they want out of the market." Ed Seykota Have to chew on that one myself. Thanks Ed. It stirs the question: Is what the trader telling themselves that they want, really the same ...

It's A Heart-Mind Game... Are You Ready?