Glad to hear you and Mrs. AG are well. Me and all my family have gotten our vaccine shots and it's a real relief. We are still careful, but for the most part life has returned to normal for us. Fortunately, trading is my hobby so the lockdown gave ...

Trend Trading

Here's a simple and effective way to take emotions out of trading. Set position size at 0.01 lot and leave it there until you make profit 3 months in a row. Most new traders don't have the self control developed yet to do that. They are still ...

The brutal truth of day trading

In the mood to answer questions if anyone has one. If I can't answer it, I'll check around with the other FX folks and try to find an answer. - G

Trend Trading

Well yes, it can be brutal if we believe all the hype out there. But it doesn't have to be. First of all, forget about making a huge fortune in less than 10 years. That's just a sirens song to lure cash away from unsuspecting victims. If anyone does ...

The brutal truth of day trading

Just a quick thought: The computers and high frequency traders are so fast these days it's almost impossible to day trade for consistent profit. That's why I tend to trade 1 to 2 week durations. Speed of execution has very little to do with trade ...

Trend Trading

I see you lurking AlbinaGrande. How's things going? Are you trading? I haven't seen you since before the covid hit. Hope you and your family are all doing well. - G

Trend Trading

I'm not familiar with Tradingview, but your broker will walk you through the backtesting. They love those sort of questions. Manually backtesting will be much slower in the long run, so you may as well learn how to do it automatically, but either ...

Trend Trading

Hi Mike. The stochastic is one of the more popular indicators out there. I don't currently trade indicators, but I've traded the stoch extensively in the past. I'd suggest you run a side by side backtest with your current system vs. the exact same ...

Trend Trading

Wow joyny, 100 EA's at a time? Having run a few EA's I can only begin to imagine how much work that must be. Your results speak for themselves, 9 profitable months in 2020, one run of 3 months profitable and one of 4 months profitable in a row in ...

The brutal truth of day trading

Position sizing: Traders who are already long-term profitable already know how to size their trading positions for the system they are using. But this might save a new trader a lot of time and a whole lot of money. If a trader isn't long term ...

Trend Trading

I heard a good suggestion yesterday. A good way to develop a solid set of trading rules for a trading plan is to imagine you are going to code it into an EA. While I have no immediate plan to try to code my system into an EA, I find myself ...

Trend Trading

Wow, for once, theory and practice coincide. That worked beautifully. I simply go to tighter entry criteria and thus take fewer trades when I'm losing and looser entry criteria and take more trades when I'm winning. *Dancing* Malcolm Gladwel said ...

Trend Trading

Isn't every successful trader a trend trader in one form or another? - G

Are you a trend trader or a counter-trend trader?

Hi Yonnie. To be clear, I wasn't advocating trading with indicators at all. I never had any success with them either. I'm afraid you missed the whole point of my post. The point was that whatever your system, there should be a knob you can turn to ...

Nice paper backtest, probably will fail in the future, why? :(

I agree that psychology is a major hurdle. Trading can be exciting. I suppose there are a few individuals born with no emotion that don't experience the thrill of victory and the agony of defeat, but most will fall victim to the roller coaster ride ...

Rules of Successful trader

Over the weekend I identified my "G Factor" where I can adjust trade frequency to the "heat" of the market. The market was rated to be cold by my criteria, so I tightened criteria requirements for taking new trades. My total trades quickly dropped ...

Trend Trading

I found this post: ( offshore ibc own by offshore trust, offshore broker account in ibc name control by trust). An IBC costs about $500 to set up, but the offshore bank account to do business in the name of the IBC can run another $1000. An offshore ...

Help!!! US Traders, We Must Stand Up and Fight

Spent my Sunday morning getting fired up by listening to everything ever recorded by Tom Petty and Stevie Nicks. I'm ready! - G

What kind of music you hear while you trade?

I'm working on something similar, but with a little twist. First I have to find a way to tighten up my trade criteria to take less trades but produce a higher winning percentage, or the reverse of loosening up my trade criteria to take more trades ...

Nice paper backtest, probably will fail in the future, why? :(

My 2 cents worth is people lose at forex because they underestimate how terribly difficult it is. It's not unusual for very smart people to blow up several accounts and take 10 to 15 years of study and practice before they can trade forex ...

reasons why traders lose