from a Boris Schlossberg book I believe... — I read this in an article here posted by Editor, long ago (an excerpt from a book). Take a 2% initial position. let's say it is 20,000 units. let's say you are an intra-day trader, trying to pick a ...

why is everyone so afraid to average down?

Definitely prettier... — I think I overcomplicated the problem. Brb-Fraudin's answer is right on...

How to BUY spot of XAU/EUR

Not perfect, but... — You could create a synthetic that acts like a XAU/EUR position. This is with the premise that USD/CHF and EUR/USD still maintain a high negative correlation. Which means individually versus the dollar (on the same side) ...

How to BUY spot of XAU/EUR

Decisions... — Given my revenge trading disaster, I've decided to NOT add more funds to this account. I like my new systematic entry, it takes much stress and fatigue away. I don't have to sit with my finger "on the button" all day. Perhaps it ...

30 Days to Profitable EUR/USD Scalping....

Some thought... — Revenge trading has given me problems before. See post #22. Honestly though, I was fatigued from watching the markets so much. Seeing so much movement and not being able to capitalize on it. Watching PA, looking for ...

30 Days to Profitable EUR/USD Scalping....

May Volatility... — Today's volatility is fairly high and I've stopped trading this afternoon. Let's talk about my big drawdown in May. The first and second trading days of the month I put in almost full days. Same ideas, looking for ...

30 Days to Profitable EUR/USD Scalping....

An accountant, engineer, and lawyer... — An accountant, engineer, and lawyer walk into a bar. The bartender asks them, "What is 2+2?" The accountant says, "4". The engineer says, "3.9999". The lawyer looks around for a moment, and says... ...

EURUSD

Discipline is important... — Rules and structure really help prepare for the day. With the crazy days we've been having lately in the EUR/USD, it is easy to be "thrown off your game". I know... because last week I was myself. Systematic rules ...

Average system + great discipline =great results?

Two most current news headlines... — "Why it is not smart to short the Euro" followed by "Euro to slide further next week" The news always makes me laugh.

EURUSD

I'm not sure... — Given that we (the "retail" traders) trade very small compared to the institutionals ("big bank" FX), wouldn't it make more sense to gear your algorithms, heuristics, or whatever to the games the "big banks" play instead of ...

Why does Automated trading never seem to work?

Thanks all... — Thank you very much for the vouch Shamus! Yeah... Oanda accounts on Myfxbook have one drawback, they don't show current equity. That can lead to some pretty misleading results.

You think you are good enough to analyze what system is this??

Don't take Losing Trades System.... — Basically, he takes very few losers. He holds them forever, hoping eventually they will bounce back. As you will notice, all those open trades from last year are NOT winning trades. Systems like these get ...

You think you are good enough to analyze what system is this??

Down about $1000... — I have some experience in the financial markets, but I hadn't touched Forex until March '09. I am down about $1000 across 3 accounts. (two different brokers). I remember what it was like to be young (younger) and want to ...

What was your account and what is it now?

One Night Stand Rules... — Have you read/seen the One Night Stand rules for Forex? It is a public system a guy has given away at his seminars for years. He says it has worked well because of the "human tendency to resist staying in currency ...

A Little Strategy: Leave Trade Open Over Weekend? Yes, BUT...

Sounds like it might be promising, nice work! I'm not bashing but just trying to lend some thoughts on Stop-loss... Can we give more definition to "recent" swing high/low? 20-25 pips, at least on EUR/USD, on a daily bar, MUST be way too tight of a ...

Simple, Profitable BB Reversal System:

Goals for May 2010... — The goals for May are pretty clear. Be available to take trades from 9AM-2PM EST. Smaller position size for 9AM-12:30pm, larger position size for 12:30-2PM (or after). I can't find the post from Dialist years ago. It ...

30 Days to Profitable EUR/USD Scalping....

Wrapping up April... — I haven't traded since Tuesday of this week (skipped Wednesday and today). I'm going to take tomorrow off as well, seeing as it is Friday and the last trading day of the month. Having some trouble sleeping, I'm going to ...

30 Days to Profitable EUR/USD Scalping....

One small part of that... — When US stocks are down, we assume they are sold more than purchased. When they are sold, money flows into US dollars (essentially dollars are being purchased instead of stocks). The sale of stock shares is ...

Anyone paying attention to the fundementals?

One more thought... — As a scalper, try NOT to read the news during the day. You don't need the bias on your thinking. After the close, take a look. It may show why price acted the way it did. I would place my money on a trader on Forex ...

30 Days to Profitable EUR/USD Scalping....

Online time.... — I spend much time online, browsing and reading. Watching very little TV, it is often my evening entertainment. I also trade from that same desk. Is it possible that my mindset is too relaxed and I could be too easily ...

30 Days to Profitable EUR/USD Scalping....