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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Agreed. No one makes a steady 1-2% a day, everyday, trading spot forex.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Why do you automatically equate “offshore” with “sketchy”? These two concepts are not mutually exclusive. There are plenty of reputable brokers outside of the US just as there are sketchy ones within the US. Personally, I’ve never had a problem with ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Got out of EUR/GBP on the plus side of things. Currently jumped in the TC on EUR/CHF.

4 Hour Strategy (MACD)

I originally was too but decided to take the leap of faith anyway (not always recommended lol) Looks like the resistance has been broken pending this current candle closing above.

4 Hour Strategy (MACD)

Agreed on both. As far as Euro goes, I decided to take the TC that set up 3 candles ago on EUR/GBP. We'll see how that goes.

4 Hour Strategy (MACD)

It appears we got a TC signal but I haven’t taken the trade based on how it looks on the Daily. Seems like we could be coming off a significant support level.

4 Hour Strategy (MACD)

There are off-shore brokers that offer higher leverage. I don’t think I’m supposed to recommend brokers publicly though, so PM me if you want more details.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I like the AUD/USD trade. I would've been in on it too, but unfortunately I was a candle late and decided not to take it.

4 Hour Strategy (MACD)

Not as big a fan of those personally. As of this writing it looks like E/A is wanting to jump back into consolidation. E/G looks a little better, but I would prefer it to break that 89.20 resistance before getting involved. Just my $.02

4 Hour Strategy (MACD)

Looks like a TC setting up on the 4H for U/J... Thoughts?

4 Hour Strategy (MACD)

Way to go, Alicia! I’m wishing I would’ve done the same after running my first go up a ways. I’m thinking I might give it another run though.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Nothing to be honest. There’s no indicator or special tool that’s going to keep false breakouts at bay. I think the one one thing you can do is study your trades. Try to look at the breakouts that worked and those that didn’t work and see if you can ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I've been giving this a go for the past couple weeks. So far I've taken $200 to $2,000, although I don't plan on going for 9 net winning trades. For one thing, my broker lowers leverage on accounts over $10K which would negatively impact my trading ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I had a straddle trade on - buy stop @ 1.3458 and sell stop @ 1.3430 and to my dismay, both got triggered within roughly two minutes of each other. ****ing ridiculous. And I thought it was just my broker pulling shenanigans.

Cable Update (GBPUSD)

You’re not saying anything that I don’t already know. I fully acknowledged this in the opening post. Thanks for your input. Moving on...

The Black Swan Experiment

As I mentioned before - this is not considered to be a "primary method of trading." This is an experimental, unconventional approach. What you're describing is a conventional approach - cut losers short, let winners run, 2:1 r/r, etc... Which I also ...

The Black Swan Experiment

Well, yeah, obviously. That's why this thread was titled as an experiment and it was done with an insignificant sum of money. It's not meant to be a primary method of trading. And I agree, it is very rare to have that level of confidence in a trade. ...

The Black Swan Experiment

I've certainly had some setbacks... Of the three major losses, one was pure dumb luck given my fleeting market exposure (unforeseen news event), one, however, was a loss on a legit signal, and one was a bad entry that was simply a lack of ...

The Black Swan Experiment

Completely lost my nerve on USD/CHF. Jumped in for a scalp long at around 8:40 EST. Saw price move down sharply and made the call to get out at around -17 pips. My thinking was if this was getting me back to breakeven, I may as well just get out now ...

The Black Swan Experiment