I normally don't trade steep TL's as it can make the PA unpredictable and often there are false BO's. On the 4 hour the TL however is there and if the PA continues to challenge it there may be a trade. Keep it going, the more peoples input we get ...

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

Hey Jen. Hopefully if we get a trade set up using this thread it will be like a Ready, Steady, Go sort of scenario but who knows. I am still concentrating on 2:1 R/R which is the point of this in the first place and will be searching for a sl/tp ...

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

Just found this in the eurusd thread.

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

OK. I propose a Trade alert. The eurusd monthly has made a wedge. If the wedge stays in formation for another week or two, or perhaps if the daily / four hour charts start to correlate to a BO there will be a trade we can take. atm the trade isn't ...

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

Cheers Owl for comments. I haven't come across the daily correlation of market prices before but will now be looking for it . I envisage that perhaps Weekly tops and bottoms could come into play strongly with this MM strategy. The UJ chart ...

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

true in a sense I spose. Shouldn't get a margin call on this system tho with always be 50% risk on existing capital (unless its $4.00). If you tried this on demo a 1000 times and tried to figure out where you were going wrong and remembering what ...

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

Not a lot of people can do this consistently. I'm sure if they could they wouldn't be hovering in FF (though rags2riches has a thoughtful profile).You sound like you are doing well and shouldn't let the thought of instant riches interrupt your ...

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

Just another point about this idea that I had earlier but haven't mentioned. The big deal with this sort of R/R (and any forex trades really) is discipline. But if you have half a trading thread agreeing point of entry and exit how much confidence ...

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

Yah I have no illusions of it being an easy ride. I mean any here who have any experience knows it does actually take a lot of work to be profitable. What you said though actually builds the idea I believe. I don't know how many times I have taken a ...

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

Thanks mate appreciate it (I'll work on keeping those thoughts coming ) It would take some motivation and interest gathered to get it going... but seriously who wouldn't be motivated to create 10-20 (plus) unstoppable trades using the MM of this ...

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

I had a thought (yes it happens occasionally). If we were to pool our resources to perhaps make one trade a week with a set tp/sl, people could offer suggestions of an up coming trade set up and get others input. We could create a discussion of ...

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

I am out atm with $3.20 .... all in a days work...not bad for a TA trader (32 pips)

EURUSD

testing 4hr fib (from 25.10.13 4am) level.... looks like will bo. watching pa.

EURUSD

I'm sidelines for news I will trade micro lots to start teaching myself. It's bout time I leant how to trade fundies to add to bag of trix.

EURUSD

If you lose 50% you only risk 50% of the remaining capital. So say initial trade is $1000 you risk $500 (50%) and lose. You now have $500 and the next trade you risk $250 which is now 50% of remaining capital.

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

Closed @ 98.04 for 48 pips (2x positions) good chance it will go all way but pulled an all-nighter so getting some sleep green pips to all.

EURUSD

oh.... um I would but I don't have my wallet on me atm

EURUSD

ah sorry yah misread, I'd just added at 97.77 n saw your 77..... I'll swap you for it tho?

EURUSD

added UJ@ 77 too

EURUSD

Hoping for a pullback to perhaps 38.2fib but it may challenge 61.8 again b4 it has full pullback (if it does)

EURUSD