If you are thinking of going long, be sure to watch out for the 153.80-154.00 level. It is around the same high that was hit on 1/8/18, 12/8/17 & 9/21/17. Each of those times price was hit, followed by a spiked candle and then a retrace or change in ...

Dragon Riders GBP/JPY

lol

USD/CAD

Just to update, I decided to close both of these instead of adding on for the same reasons. Previous hits of highs/lows that price would hit and spike and retrace, given that it is the weekend with a fire storm of news and who knows what trump is ...

Fundamental Trading Always beats Technical Trading 100%

hey Samson85, So after today's nice move up, I decided to close all 4 GBP/JPY Trades just before EOD netting 1490 total pips with the breakdown of: Trade 1 March 9th 147.84 - 153.04 = +520 Add On Trade 1 March 19th 149.93 - 153.04 = +311 Add on ...

Fundamental Trading Always beats Technical Trading 100%

It is tricky, even more tricky is I live in the States and have a total of 4 open trades, however we live by the FIFO rule, at least for now will see if Mr. Trump can do what he says, and I was thinking of closing my first & second trade and let the ...

Fundamental Trading Always beats Technical Trading 100%

Actually been long since March 9th on the Daily chart. It just seems to be slowing down. I can eat a 30% retrace but I don't want to . I am trying to get back up to the February 1st highs of between 155 & 156. However, ...

Fundamental Trading Always beats Technical Trading 100%

Again, most traders use back-testing for the wrong reason. I agree with Hdhorda4, if you trade based on back-testing results ONLY, you are doing yourself a disservice and you must know how the markets work in general. You can not rely on ...

Automation and backtesting

Waiting for a pullback on both USDCAD & CADJPY before adding. USDCAD looks to petering out but you never know. CADJPY is looking good until at least 89.00 and then 91.00. Beyond that you have to go back to August 2015 before price was above that ...

Fundamental Trading Always beats Technical Trading 100%

GBP/JPY is slamming against the 152.90 resistance point currently. I would to see a break/close above that. If it does not break/close by tomorrow, I'm going to close my long, it would be 12 trading days with no break and the interest is starting to ...

Fundamental Trading Always beats Technical Trading 100%

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Quote of the day - Trader’s oomph!

Back-testing is only for checking to see if the "edge" you are testing is viable. It should in no way make you believe it would work in a live market. Back-testing gives you the benefit of hindsight and also assumes you take every trade given by ...

Automation and backtesting

I myself could never trade like that. But if it works for you, great. I believe that nobody has the right to tell anyone they are trading wrong AS LONG they are profitable. I use stops/ I would never trade without them. Stops and manual trailing ...

How do you deal with your losses?

This is not a weak point, this is a fundamental flaw. -Ric

How do you deal with your losses?

That is a interesting theory. I can understand your mode of thinking. In the attached photo is when the CHF dropped in January 2015 killed many traders as well as brokers around the world when the the Swiss decided to unpeg the Franc from the Euro. ...

How do you deal with your losses?

I just want to be sure I understand. Are you 2 advocating that Stop loss of any type, no matter the the trading method IS NOT a good idea? -Ric

How do you deal with your losses?

Strange concept right? A way to stop the bleeding in case things go wrong, why would somebody need that? -Ric

How do you deal with your losses?

It is a bit difficult to tell, are H4 TR the starting one? If so they look a little steep for me. The D1 line I can not speak on because it is on a H4 Chart. Now I can say depending on how aggressive you want to be can have an affect on how and ...

SAFE - KISS

Ali, win/loss ratio in itself means nothing. You can have a win rate of 99% but still not be profitable. Example, You can win 5 pips 99 times IN A ROW and take 1 loss of 500 pips, I have seen this happen with people who use no stops or just keep ...

How do you deal with your losses?

I think we are lost in translation. English is not your first language so do not take offense or be so touchy. I stated facts. thjw mentioned profits, I stated Ralffe did not speak about it. I never asked nor do I think it is anyones business on ...

SAFE - KISS