After EURUSD remained below 1.0970 for eight hours I moved my stops on my bigger short pieces in one account to 1.09892 and to 1.09724 in the other account only to see both of them get taken out on this latest bounce. A tiny profit (virtually break ...

EURUSD only

Still holding short from 1.0973 and 1.0993 with a total position short at 1.09876. Looking for that 1.0929 target 20 pips below the 8dayMA. image

EURUSD only

In what market is this not the case? Yes, stock markets average 2 to 5 times the ratio of the daily range to the open compared to forex but with 10 to 20 times the spread cost. You think the stock market maker is happy to simply lose money all day ...

has anyone EVER seen a successful trader/trading system?

One of the famous Donchian rules: "Watch for crawling along or repeated bumping of minor or major trend lines and prepare to see such trend lines broken." image We have three bumps against the 1.1000 level since the third and with each bump the ...

EURUSD only

If you are losing your whole account to the spread in fx then how can you possibly expect to make money trading a market with 20 times the transaction cost? You goofy guys who complain about the spread are hilarious. Tell me where the spread is less ...

has anyone EVER seen a successful trader/trading system?

This is all true of trading in anything. FX is cheaper to trade than equities or virtually anything else.

has anyone EVER seen a successful trader/trading system?

Do you not see this as a contradiction? If the aggregate of customer losses exceeds the total transaction cost then someone must have won (albeit the winner is not the aggregate trader group). For every loss there is a win. As best I can tell, fx ...

has anyone EVER seen a successful trader/trading system?

How is this even possible? To put on the first trade they need 100:1 leverage. When they've lost half the account they need 200:1 leverage. At 75% they need 400:1, and at the end they need 10,000:1. Regardless, I don't doubt there are newbies who ...

has anyone EVER seen a successful trader/trading system?

So where do all these losses go? Who wins all that cheddar? Surely SOMEONE is winning if there is such a mountain of losses piling up.

has anyone EVER seen a successful trader/trading system?

There is nothing really special about 20 pips. I simply wanted to divide the move away from the MA into six pieces because I feel like keeping up with six entries and exits is work enough (one could manage 25 entries at 5 pip intervals if they had ...

EURUSD only

Hey all we can do is keep polishing until we have an approach that fits us as individuals. Like any approach, mine will take losses from time to time. And in rare cases (less than once year, but that could change) it will take a complete loss ...

EURUSD only

image .

has anyone EVER seen a successful trader/trading system?

And that may very well be true. As I said, "someone will likely hang on doggedly to some theory". And if that helps you, more power to you. My point is that one cannot anticipate every spike in the spread. News or no news, bad dealer or good dealer, ...

EURUSD only

I understand that many choose to trade EURUSD precisely because the spread is smaller and more reliable compared to other pairs. But this is not to say that the spread NEVER goes above some particular level. Before you look at a chart and say: ...

EURUSD only

Yeah two unsuccessful stabs at the 1.1000 level in the last 24 hours. Very likely we will have to wait until next week to see it taken out. But you never know.... image

EURUSD only

I personally find no value in candlestick or price formations, oscillators, price mover theories, etc. I simply get in if the price hits my entry and take profit if it his my exit. I do not care how long it takes to get there, how long it stays ...

Struggle to make a swing trading strategy

I don't wish to derail this thread with too much talk about things not directly related to trading EURUSD. But I will say that many systems traders have the opinion that a system should work on all markets and if it does not it is simply a ...

EURUSD only

I'm sure you could use the concepts behind it on other pairs. But as I mentioned above. The specific parameters I am using in EURUSD are really for EURUSD only.

EURUSD only

I should mention since we are in a EURUSD Only thread, that this particular setup (a 48 period MA on the 4HR chart for trading at 20 pip intervals) is really only for EURUSD. Try looking at other pairs with that pine script and you will see that it ...

EURUSD only

Oh I don't actually use any labels. I only added them to that image so you can tell what those lines represent. image My chart is simply clean like this. You can see the values of each of the lines in the legend (1.12976, 1.0976, 1.10476, etc.) ...

EURUSD only