Similar... — What about an inefficiency in pricing caused by the "crowd psychology" taking price where it shouldn't be considering trend/support and resistance over a short period of time?

Ridiculous Trading Myths

Compounding... — Unfortunately, compounding aggressively is very dangerous unless you know your general R:R and win trade %. The general 1% to 2% per trade is designed to keep you alive for the long run. The Kelly Criterion is a formula used ...

Best compounding strategy?

I'll try to help... — I'll try to help with this one. Forgive me if I state things too obvious or that you already know. Let's limit our ECN scenario with just Limit or Market orders. A TRUE ECN Broker will have no requotes. Basically, all ...

Mechanics underlying a trade

See Darkstar's post... — See this post by Darkstar in another similar thread... though I don't blindly believe everything posted by everyone, when he says "I've followed for a long time... and I can say with confidence..." - then it is ...

Oanda Order Book

Sorry for the wait, I was trading... — Unfortunately, I am not an expert on Options on Currency futures. Because of the differing months...I'm not exactly sure what your broker would do. If the AUD is at or above the Call “strike price” by the ...

Currency options question

No chance to be short... — No chance to be "truly" short after November expiration, because you are Long Dec AUD. Either way, if AUD rises to your Call strike or higher, you are going to be flat the AUD position eventually. You could get ...

Currency options question

I respectfully disagree... — For money managers with millions under management, then yes... a nice steady 10% is quite good. There are many instances of professional traders taking small accounts and creating huge returns with them. Obviously, ...

The one hurdle EVERY trader needs to overcome

Cool reading recommendation... — Another of many great posts by Dopey. One thing that I noticed after watching the old documentary "Trader" from the late 80's? about Paul Tudor Jones... he was jumpy and nervous often. At that point in time, he ...

Towards the making of rational forex traders....

This is true for me as well... — Do what makes you some $$$, bank some profits, perhaps a little each day. After you have made some pips, and have confidence in your system/methods... you will naturally try to hold your winners longer. You ...

Risk Reward: 1:1, 1:2 or 1:3

If it works for you... — If it works for you... there is nothing wrong with it. But yes... you will have to maintain a higher win%, and doing that over the long term can be difficult. As long as over x number of trades you are making money, ...

Risk Reward: 1:1, 1:2 or 1:3

My opinion... — 1. Any system/method that is profitable. 2. Position sizing, account size, and risk can be varied to suit income requirements over time. 3. It should suit your personality. Forget about your daily expectations. You never know ...

What Defines a Good System?

Thanks for the efforts... — Thanks for the hard work! I don't know... I'm not exactly a backtesting guru...but if I were... I'd remove Sundays, and only look at trades during the European and US sessions (highest volume), say from 1 am EST to ...

The Scalpers Dream

I dont wan't to distract from Jaws' thread... — I'm still making mistakes and fine tuning my own trading... I promise I will make a thread... after 500 trades, probably within two or so weeks. I find this system that Jaws "dug" up interesting. ...

The Scalpers Dream

500 minimum if possible.... — (just the summary is fine, we don't need to see the trade entry and exits) I have some methods currently that I am using, but I'm not going to consider success until 500 trades. I was going to wait for 1000 but ...

The Scalpers Dream

At a glance... — In all fairness... at a glance... your backtest covers 64 trades?! That is not nearly enough to make any statistically valid assumptions.

The Scalpers Dream

I vote... — "2. despite being in the right direction of the general trend, the majority loses." I vote that this is correct. Trend trading is difficult. Despite being one of the most popular mantras... "Trade with the trend." It is ...

Oanda Open Position Ratios conundrum

Displaying the results... — Jaws810 you could add that trading account to your Myfxbook page again, calling it something else. Then at the top of the page, hit Custom Analysis, change the date to Oct 17 through whenever. Then use the "push ...

The Scalpers Dream

Good Discussion... — This is a good topic. The previous posters make good points in that the dealer/market-makers during times of low liquidity ( or for very short periods of time) can create stop-runs, price drives, weird spikes. There is ...

Trading Supply & Demand (ob & os)

In response... — I was one who was here briefly and I did study Clay's original thread and manual as well as the revised information. I had success of about a 10% account increase in two weeks with very few signals in August. That was my ...

CHOROS System

Is it fair to use 1 Simple moving average if... — Is it fair to use 1 Simple moving average, but not as an indicator for entry but rather on how I manage trades AFTER entry? No indicators (for trade entry decisions) Horizontal Support and ...

Indicators or none?