Just a question on this as I still don't understand why this is... then why do brokers care when you are scalping? Several seem to have a "anti-scalping" policy or send e-mails/letters/calls when you start exceeding a certain amount of trades. Can ...

Can Brokers Really See Us???

Very true, and i've had the opposite. Weeks of 300+ pips, P/L in the negative. That was prior to solid and diciplined MM.

How many pips does a "successful" trader collect weekly?

Unfortunately dropping in has sparked some thoughts I realized that while close stops greatly decrease w/l ratio, they also make conditions where one good trending trade captures a large profit, while the rest generally break even. The "problem" ...

The Zen art of trading

Thanks Ohka I definitely plan on doing this and already do it somewhat, however it's quite poor. I use a multiplier system by pair, neutral being EURUSD (or 1). For example, for "The Dragon" GBPJPY I use a 0.3-0.4 multiplier, which cuts the ...

The Zen art of trading

Ahh yes totally. I have traded more on a live account then on a demo account, and totally respect the pychological differences between them. The main reason I stopped live was to address those weaknesses I did find, and I found major holes in my ...

The Zen art of trading

I'm not sure I totally understand your points, if the data streams are the same, then execution can be the same (Perhaps not in millions of dollars but in the amount I trade I have seen no execution delays / slippage between live and demo). You ...

The Zen art of trading

Great to hear you are coming along well, and it is always fascinating to hear of other's journeys down the forex path Glad to know you are on the right path

The Zen art of trading

Thanks, hope it helps, I am always open to input.

The Zen art of trading

Thanks for your input That is exactly what I plan to do, however after crunching the numbers i'm willing to accept a 15% drawdown. I will take a total break from trading for at least a couple of days to a week when (not if )I have 6 loss trades ...

The Zen art of trading

I've since realized only having a 6% drawdown is absurd. Even with 2% risk, that means I would be limiting myself from having any more then 3 loosing trades in a row. The amount I would be risking to achieve 6% would be below 1%... to me, that's way ...

The Zen art of trading

I think there was some confusion here. It is true that the calculation doesn't differ - but some brokers won't charge swap at all, some if you can somehow (I don't know how) prove you are Islamic, as swap violates the religious belief of earning ...

Question about swaps...

I'm currently using a fixed fractional with multiples on volatility for normalization. As an example, I would take a 0.3 multiple on GBPJPY. I keep them pretty static and discretionary, i'm looking into using ATR instead to maintain consistency.

What kind of Money Management rules do you have?

How is it working for you? Have you gone back and analyzed how your account would have done with a fixed fractional model instead? What size delta are you using?

What kind of Money Management rules do you have?

I see trading as a martial art. Mastery of yourself is mastery of the art.

Is trading a competition, battle or war?

September's end — Here is a new demo account I opened for September. My goal for October will be to keep drawdown below 6%. This generally means I either have to reduce risk by lot size, or reduce the amount of large stop trades. I made a ...

The Zen art of trading

On my methods — Just a bit of background on my trading methods. I am primarily a price action trader. Trend lines, support/resistance, fibs, candlestick patterns, sometimes a couple of EMAs. I also trade on somthing that i've found very ...

The Zen art of trading

Yep - and No — Hi Ian, Several good and valid points My response was partially in jest, but mostly not. The reason being most can identify with Jacko's rule.. I take the underlying concept or idea, and turn it into something that works for ...

james16 Chart Thread

Then we use Jacko's Anti-Hedging

james16 Chart Thread

Except us with tight trailing stops

james16 Chart Thread