Veefx, so how's that working for you? I'm really curious.

Trend Trading

Sure V. Even though I'm trading 10 or 12 trades, it would be rare for all to go bad at the same time, but that would be my worst case situation while sleeping. I actually do quite well with my trades while sleeping. Probably because I'm not fiddling ...

Trend Trading

Since I'm rambling on about risks and returns, I'll share something I do to manage trades to reduce risk and increase returns. It's very simple as is almost everything I do. If the trade moves in my favor, I'll tighten the stop to something like 1/2 ...

Trend Trading

Veefx, my goal of no more than 10% drawdown is just a goal. I set it to reduce the risk of ruin. A typical trade for me these days will risk less than 1% of my account, so even if I have 10 trades running and a talking head (damn them) reverses ...

Trend Trading

So, discussing trends a bit more, we could ask why? Why do trends occur and sometimes persist. There are many reasons. One might be if a particular company or government wants to change a lot of currency. Say Apple wants to bring some of it's huge ...

Trend Trading

I see a couple trading styles represented in the above posts: One is wait until a trend is evident and attempt to ride as much of it as possible before exiting. The other is to look for signs that a new trend is forming, like a breakout pattern, and ...

Trend Trading

I simply meant we can most easily control the risks of our trading by setting trade size. So, say we are trading 0.2 lot per trade and find that produces unacceptable drawdowns, we can reduce trade size to 0.02 lot per trade and reduce risk to our ...

Trend Trading

Veefx, I'm measuring my drawdown from peak to trough of equity, but as you said, there are other valid ways to measure it. - G

Trend Trading

Thanks to all for the good discussion on trend trading, the subject of this thread. I suppose we could break trend trading down into a few steps. Identifying a real trend (as opposed to random motion which can take any form), entering it while ...

Trend Trading

John, thanks so much for taking the time to post those charts. I hope the simple logic of your post will turn the light on for someone out there. - G

Trend Trading

Yes, I'm OK. Thanks! My messaging on Forex Factory isn't working right now (it won't let me open new messages), so I thought I needed to let everyone know I was still alive and well. My best advice, take care of your health. You can't trade if you ...

Trend Trading

I give this advice to newbies all the time, but they rarely listen. I have now literally spent years trading at 1 cent per pip. Like almost everyone else I was initially attracted by the dream of quick riches and lost a lot very quickly. It was only ...

8 Years Later - Still Not Winning

Yes, I thought I had it all figured out at about 8 years in. Then the market turned and I took a 60% drawdown. It took a couple years to regain what I had lost. So do I have it all figured out now? Maybe I'm smart enough now to know I don't know. ...

8 Years Later - Still Not Winning

Still kicking here. Thanks to all for the good wishes. I'm still trading every week. I mostly swing trade for a week at a time. I still use a multi-timeframe approach. I still use a fairly tight stop loss of about 45 pips and about a 3 to 1 reward ...

Trend Trading

I'll be dealing with some health problems over the next week or so. Hope to return when it's over. Best success to all.

Trend Trading

Hi Max. I've heard this claim before, that with good trade management, one can select trade entries at random and make a profit. It looks like it might be true, at least in some cases. What I conclude from these tests is that exits are much more ...

Trend Trading

1. Hi Timmy. Welcome to the thread. I enter as soon as I see a trade satisfy my entry criteria. If you program your entry criteria into an EA, you'd never miss an entry. Of course, there are money management considerations and such. 2. The problem ...

Trend Trading

I've heard numbers for failure rate running from 80% to 99%. The big reason for failing is trying to trade real money without having the skills. When that happens, the account busts and the traders give up. Some have given up after trading demo, but ...

95% failure rate?

Just to pitch in, I only risk about 1% per trade. My stop loss is much wider though. I rarely hit a stop loss since I only use it as an emergency measure. Typically, I'll manually exit a bad trade at about 0.5 to 1% loss, before it gets out of hand. ...

Money Management

Oh no! I went to lunch and when I came back an EU long was -52 pips! Dropped it fast! Just part of the process though. Still working up a good portfolio of strong trenders. Best trade atm is AJ long at +58 pips.

Trend Trading