Sure, but once you get good at trading, draw down rarely happens. But, I suppose that depends if your design is built to restrict it. Some people just take both sides of a trade at once and then wait to see which one has more strength, lol, so they ...

Why you should trade 1-2% of your account on a trade!

My calculated stop loss is purely catastrophic. The real stop is based on my trading system. My simplest definition is that I trade intraday swings, where my next entry is also my exit. Not always the case, but it is the design. That is why my stop ...

Why you should trade 1-2% of your account on a trade!

I see two versions of stop loss, one tied to account size, and one tied to market price. In essence, I suppose both would be factoring in market price and suggesting a losing trade. I prefer to use the market to guide the stop, rather than how much ...

Why you should trade 1-2% of your account on a trade!

If you are that worried about it, then why are you in a trading forum? It doesn't make sense. Did you know this is a trading forum? It is a meeting place for traders, not anti-traders. Maybe you should go to an "Occupy" or some other doom and gloom, ...

Forex - A negative sum game for losers

The most I would be willing to lose is my stop loss, not a percentage of my account. My stop loss is naturally multiplied by the number of lots I use. You have basically divided my scenario by two, so I would be able to place 3.57 lots with a 40 pip ...

Why you should trade 1-2% of your account on a trade!

My broker has a required margin, which ranges from 2%-10% depending on the pair. That means I have to have money in reserve to place a trade. For instance, 1 lot of EURUSD might require $2400 to be set aside in order to make $10 per pip. Now you are ...

Why you should trade 1-2% of your account on a trade!

??. This is what Dr Ninja is trading. I removed the name of the indicator because it is not the original. I always change the names because often the emails between my team cross international borders, so everything is kept in spyland by the NSA. I ...

Your Best MACD settings

No one wants to hear your negative crap on a motivation thread. It would be so nice if we could have even one thread where the trolls don't come and try to ruin it. ARGH! Have a good day, if you know what that means.

A Little Something To Motivate You

That would mean you are trading the 8 EMA. Knowing that, you can now put both EMA's and MACD's on the 4HR chart for easier analysis. EMA's 8 and 48, MACD's 1/8 and 1/48. Or you can use OSMA and make the MACD SMA high, like 2000. Same thing. If you ...

Your Best MACD settings

I saw this thread active again today and realized I have a different definition for a breakout than you probably do. I do not use s/r because I can only trade live trades with my broker, not historical ones, so what you call a breakout, or false ...

False breakouts

I think it was Trigonometry class and line equations when I was first taught about bell curves, but any Statistics class should cover regression analysis. You can read the link below to have a general understanding. url

LFX Trading Proverbs

If you worry about black swans, that seem to happen every 3-4 years, and may or may not even happen to you, then you will miss all the profit between them.

LFX Trading Proverbs

I use FF news, spread, candle time, currency meter, moving average ribbon, Bollinger band, custom candle colors, semafors, and custom mtf coded initials. Sometimes I use trend lines with breakout projections if the market is moving flat. Sometimes I ...

LFX Trading Proverbs

If you want to make money from trading, you have to trade money.

LFX Trading Proverbs

Too vague for me, lol. Is it working? Screenshot looks like it is minimized too because of the chop on the first indicator. Circles look interesting as they look profitable. Are you monitoring 3 time frames?

LFX Trading Proverbs

We are not trading the same, so I am not sure how to answer you. Much of what you wrote is contrary to everything I wrote on this thread. 1. The high/low of a previous trade (s/r levels) is a ridiculous strategy to me. If previous trades had any ...

LFX Trading Proverbs

Sounds good, but understand everyday is not the same, lol. Some days are going to suck, others are going to be awesome. The important thing is to understand the intent of the design -- to trade up and down movement. In time, you can fine tune ...

LFX Trading Proverbs

Dear yalgaar, You probably should not be insulting me. Try reading these threads to see how higher time frames can appear on lower time frame charts. I guess these come from an idiot too, looking for an indicator to help show what I wrote on my ...

Best times to trade pairs

I think that due to the restrictions of legalized gambling only being in certain global locations, most people have no concept of spread, or "juice" nor the risk a broker takes by accepting your trade. If most traders lose, then duh. I think the ...

So brokers take trades, who cares...

A higher time frame range = a lower time frame trend. Instead of making them separate entities, try combining them.

Best times to trade pairs