I understand what you are saying and i mildly disagree with what you have wrote in your first part. High RR and high winning rate is ideal. that is what we all seek. Many will disagree with the next thing i am going to say. We are taught to be ...

Forex Trading Philosophy

Summary: Traders are right more than 50% of the time, but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce a risk/reward ratio of 1:1 or higher. Why Does the Average Forex Trader Do ...

Forex Trading Philosophy

better buy on retracement, if can not do that short only after a couple of lower lows on daily chart. look all time frames starting from monthly to 1 h, that should tell you smth. do not commit suicide.

USD/JPY Discussion

I found this book review for Fooled by Randomness by Nassim Taleb, the author of Black Swan. The reviewer nicely sums up author's main points. Very useful comments. Markets are largely probability-based. Trading depends a lot on randomness, in a ...

Forex Trading Philosophy

you are welcome Martin. Happy New Year!

Forex Trading Philosophy

2 more interesting videos: video

Forex Trading Philosophy

what if wrong again

EURUSD

Here are 20 rules of trading by Mr. Donchian. Read, pick, take and use for your own liking. General Guides 1. Beware of acting immediately on a widespread public opinion. Even if correct, it will usually delay the move. 2. From a period of dullness ...

Forex Trading Philosophy

there is no such thing as too late or too early. as always reasonable stop loss makes the trick.

EURUSD

good target, we should be there soon.

EURUSD

nice...... this is like i am reading a traditional text book on trading. so where will be the price tomorrow at US close? just numbers please, no letters if that is possible.

EURUSD

are you short now, mohan? btw, if you are scalper, np. if you are swing trader, wish you good luck. just in case, be careful.

EURUSD

good reason to take a position. sometimes when i decide to trade, i look at the tick chart, and i take long if it goes up that second, or short if goes down. and i end up with profit depending on money management and when i decide to exit if you ...

EURUSD

i would rather prefer "belief" over "hope".

EURUSD

you mean the previous higher high. but those daily green candles suggest it is not the most difficult task to break that level with ease.

EURUSD

of course. no question about that. according to my crystal ball, we will see a nice green daily candle.

EURUSD

i do not want to drive crazy here anybody, but still i want to ask this question yet again: are you still shorting guys? ps. i am just bored, do not take this too offensive.

EURUSD

many will call this video crap. maybe this is the reason why majority loses. enjoy: video

Forex Trading Philosophy

I think people are trying to direct this thread to wrong path. is this thread about an indicator? is this about CP's personal trading method? is this about who is right or wrong according to a textbook? what is it about? give the RIGHT QUESTIONS. ...

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“The trash is anything that’s keeping you from the only thing that really matters … this moment … here and now. And when you are in the here and now you will be amazed at what you can do and how well you can do it.”

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