The very best traders love trading. They like to think about it and talk about it to others. If they work for a trading firm, they always have other like minded traders to talk to. If they are independent traders, they still want to talk to others ...

List of top traders at Forex Factory that you know

I've traded this before. If you backtest it you'll quickly see the problem. You'll likely make good profit for a while, then it blows up and wipes out your account. It always does and it always will. You can play with it in demo and it's great fun, ...

Martingale EA. Almost can't lose!

As mentioned before I use a simple moving average cross to identify possible trends. Here's a short article on moving averages, but there's tons of other and maybe better info available on the internet: url Of course, that's just what I use. If ...

Trend Trading

You're welcome Royal. If you can think of another question, post it here and maybe we can get some more discussion going. Cheers!

Trend Trading

Still starting a fresh week. I really look forward to the start of a new week. Slugging down my first cuppa coffee. My best trades atm are EJ and AJ long. I've added to those already. I have a total of 10 trades in the portfolio and they will ...

Trend Trading

OK, I'll try to help. Even that is difficult, but here goes. First, stay in demo until you have three months in a row profitable with no cheating. Then trade no more than 0.01 lot per trade in cash trading until you get three months profitable in a ...

New To Forex and Need Advice!

Most traders fail because they don't know what they are doing, and before they can learn what they are doing, they give up. It takes about 10 years of hard work and study to make a good Doctor. If you think trading should be easier, you are already ...

Why do 95% of traders lose?

I'm sure there are several traders lurking about these forums that make a very good living in trading. I can't imagine why they would share all their hard won techniques for nothing. I mean, if you had to risk everything and work your tail off for ...

Help! What is the actual holy grail in forex? I'm tired of losing

Slow Monday. Wound up with only 3 trades, all still running. Long AU and short UCad and GCad. Maybe more action later. Edit: Bailed out of GCad already at -35 pips. 10 trades in portfolio now. Carrying +155 pips profit, but would have to count the ...

Trend Trading

Loose Zipper? Lazy Zombies Last Zeplin Lost Zanies Lotsa Zeros This is what happens when the market is flat.

Hedge Fund Name Suggestion

With regards to your question on indicator based signals, I spoke about them a bit in my previous post. To a large extent, using a lot of different signals is like plotting the same chart in lots of different colors. One can just extract so much ...

Trend Trading

I suppose every trend trader has their own favorite method. The method of higher highs or lower lows you mentioned is probably one of the most popular. Perhaps a close second is the moving average or moving average cross (maX). I like the maX ...

Trend Trading

Being a trend trader, of course I agree. Some fundamental information, like a change in central bank policy, can obviously drive prices in a certain direction for an extended period of time. It's clear that some trends last for months or even years ...

Trend Trading

Glad to see you made it over here! There's just a few small changes. Really more evolution than revolution. I tend to move stops slower and in smaller increments (always in the direction of the trade) than I once did. I try to move them to just ...

Trend Trading

Well, trading on past information isn't all that good, but it's all we have. We can't predict the future, but we might find that in certain situations, what is currently happening will continue to happen long enough to profit off it. Suppose you are ...

Trend Trading

You mentioned Cross Sectional Momentum, an explanation here, video Yes, it's a good method to exploit trends. I use something similar, where I pick out the best trending pairs and take them long or short according to their direction. Then I delete ...

Trend Trading

You mentioned using discretion in trading vs. a mechanical system. I suppose it depends on how good the mechanical system is. I've had very good results entering trades with a mechanical system, but exits are much more complicated. All of my exits ...

Trend Trading

Yes, larger returns are often associated with larger drawdowns. But it doesn't necessarily work the other way around. If one has a poor strategy, they can generate huge drawdowns with no return. I do agree that each trader has to trade according to ...

Trend Trading

One blogger wrote this: A 20% drawdown requires a 25% recovery. A 25% drawdown requires a 33% recovery. 33% requires a 50% recovery. 50% requires 100%. This is why 20% is pretty much what most people will take as the 25% needed to recover is not to ...

Trend Trading

Well, I suppose everyone has knocked off for the weekend. The next issue you brought up was drawdown tolerance. Technically I suppose the thing to do is to run a risk of ruin calculation and manage that risk to keep it reasonable. I personally have ...

Trend Trading