See, now you are getting personal. Funny - I had a premonition prior to answering your post the first time - but I always extend the benefit of the doubt. You seem full of rage and sarcasm - not the traits of a good trader in most cases. I can see ...

Leverage Reduction: First USA now Japan. Who's next?

A few aspects of your story I am wondering about. Firstly, I think traders who can produce consistent returns on low leverage must be somewhat more skilful than the one's who can only do it due to high leverage. So your argument is rather weak. ...

Leverage Reduction: First USA now Japan. Who's next?

While 100:1 has been the average leverage on FX (and some other products)for many years now, it is nonetheless insanely high. I trade on 20:1 and have no problem to reduce it to 10:1 if necessary. If especially newer traders would follow that and ...

Leverage Reduction: First USA now Japan. Who's next?

start buying when the price stops declining - start selling when the price stops rising. (please don't ask 'when' the above happens - anyone can see higher lows and lower highs) use your ammunition carefully don't hit everything that moves (be ...

Professional forex traders

Dear Graeme, My apologies for wording it in such a way that you might have misunderstood - I was by no means suggesting that you were imposing on any reader. While I agree with the confidence part, I personally traded huge size (over $500m a clip ...

Building an equity millipede

Dear Graeme, I have been reading (most of) your posts with interest and some hidden admiration. Having worked in in the markets since the 80's in various positions - from trading bonds, currencies futures, interest rate derivatives etc. - I have ...

Building an equity millipede

reversing one set of unoptimized trading parameters with the opposite set of unoptimized trading parameters leads to the same type of equity curve. regards daytrading

Why inverting trades doesn't work?

Petra, I think you have done remarkably well. The returns are well above average (forget the actual cash amount for a second). Keep up the good work - you are there....even if you don't (yet) admit it to yourself. All the best for the future. ...

Make or Break Year for Petra!

the difference caused by price feeds is negligible. every high, low, open and close recorded within each hour is pretty much the same (give and take a couple of pips). regards daytrading

Do all brokers have the same 1hr bars?

If you mean whether the bars/candles have the same OHLC, then yes (give and take a pip or two). regards daytrading

Do all brokers have the same 1hr bars?

Unless you want to write and use the latest algorithm (for which one would have to spend quite some money on software alone), its all irrelevant. The market principles have not changed since the first PC was used for trading. As long as you know ...

Best computer Operating System for Trading?

Scammers: url regards daytrading

turning 10K to 4M in a week!!

Makes complete sense, H - especially in a 'too much unnecessary information overload environment' such as the internet forum dedicated to change your career path. Good of you to spell it out though. regards daytrading

On the topic of BS in trading forums...

H, If it took you about 4 years to arrive at your present state of knowledge, you have not done too bad - considering you have figured it out all by yourself. regards daytrading

On the topic of BS in trading forums...

Position sizing is part of MM - and as been mentioned by several posters. regards

why is everyone so afraid to average down?

Nicely summed up.

why is everyone so afraid to average down?

Quote: You all defend the risk reward debate by saying that if price moves down, your RR ratio becomes amazing. That... I do not dispute. The question is what happens if price moves in your favour from the beginning? What if price never moved ...

why is everyone so afraid to average down?

What I find extremely interesting in this discussion is that the notion of reward-to-risk seems to ignore all the 'unknown' possibilities inside (or in between) the risk and the so called target. We all know our precise risk on each trade (or so we ...

why is everyone so afraid to average down?

Hi Pip, Vcap has asked me a while back to run their software for a while to see how I would get on with it. It was part of their evaluation process for it I guess. Never really had the time to do it properly. regards daytrading

why is everyone so afraid to average down?

N, 2% by myself is only used for illustrative purpose here. Further to this, it should be distinguished between trade and position risk (which is not the same). Trade risk should be only a fraction of position risk. regards daytrading

why is everyone so afraid to average down?