What people here refer to as "turning point" is some minor revelation or development that allowed a peek into marginal profitability over some time frame as defined optimistically and with a large pinch of salt; certainly nothing spectacular.

What Was Your Turning Point In Trading

Truth is this FX game is complicated and doesn't lend itself to absolute statements, like you see here all the time spewed out with a large degree of attitude. I am entering heavier when very confident, using multiple orders. I add with size if it ...

Do you manage losers and let your winners run?

An aspiring trader should ask himself the following: What determines price movement? What happens at turning points? How is it possible that Goldman Sachs is profitable trading forex 80-90% of days year after year and 90% of retails lose money year ...

What is the most important question for a new trader?

My feeling is that big money is closing longs and building shorts. That doesn't mean price can't go up a couple of hundred pips to 1.2@

EURUSD only

400:1 account -99% 500:1 account -99% after reaching +150% in four weeks. Tuesday. I missed the start of the up swing. It was a classic contraction and breakout down, then up. I didn't correctly identify it as such, live. I did notice the way they ...

Endoephemera EURUSD Intraday Only

Monday Update. I carried over from the weekend significant locked losses on both accounts (-60% and -20%). I was up from Asia start. Price action opened down and went up. I did not expect the new high. My scenario was wrong. As session went on I ...

Endoephemera EURUSD Intraday Only

Weekly update 400:1 account Balance 230 (-8%) Equity 100 (-60%) 500:1 account Balance 830 (+3%) Equity 647 (-20%) I have large locked losses in short positions, in both accounts. Margin levels at 267% and 323% respectively. Monday I made a little ...

Endoephemera EURUSD Intraday Only

Looks like it's in a broadening formation on the intraday. The upper trendline will cross 1.1452 at 20:00 CET (in one hour and twenty minutes)

EURUSD only

That's called broadening formation or megaphone top and usually preludes to a reversal.

EURUSD

Hudi the dude with a mission: to debunk forex and save people LOL Whatever. The ESMA leverage regs are BS: 1. What matters is the actual leverage deployed in trading, ie. not over sizing. 2. High leverage allows greater inclusion by giving a chance ...

Forex - A negative sum game for losers

XM rep, can you point me to opening a 888:1 leverage account. I always seem to get directed to the Cysec 30:1 website. I'm an Italian resident. As long as you offer MT5, hedging account and starting with a demo first. Thank you.

XM

Exness rep replied to me that due to change of policy they do not offer retail accounts. Must have gotten tired of dealing with retails. LOL url That a broker takes the trades themselves doesn't matter. What matters is that they don't fake prices ...

Any 1000:1 broker, NOT a scam?

Happens to me too. Of course you have to watch out for selection bias, as in remembering only the times you were right, but I believe I've accounted for that. Nothing mystical about it. It's Intuition, AKA "Knowing without knowing" it happens after ...

My Dreams while sleeping

Stopped Out. Went Long, Stopped Out. Not my day. I'm out at least for a couple of hours.

EURUSD only

Short from here, 1.1285 @ for a 100 PIPs TP, 10 PIPs SL

EURUSD only

Boss-man, the wholly grill system boils down to the temperature of the grill and the quality of the meat. Get that right and you got yourself a nice BBQ. As for the trading thing, all you need is to keep repeating yourself what you have read in the ...

has anyone EVER seen a successful trader/trading system?

When I opened the thread and for the first two posts I actually was drunk, after a good session. I believe alcohol is NOT the solution at least because it can be unpredictable in its effects even for a same person, and during the course of a ...

Do you guys trade better when you are drunk?

Just like yesterday, the attempt to break down was rejected and a significant up move ensued, topping exactly at the same time as yesterday's! Which means people expect it to go back down, just like yesterday... so it's trying to go up, of course. ...

EURUSD only