I have yet to find a system that was profitable at 4% risk or greater that wasn't profitable at 1% risk or less. That tells me you are taking 4X the risk you need to to prove out your system. That tells me you are not properly considering the true ...

Nice paper backtest, probably will fail in the future, why? :(

A bit of deep thought here. Imagine you had a factor on your trading system that you could increase to take more trades but have a lower percentage of wins, or you could decrease and take fewer trades but have a higher percentage of wins. What would ...

Trend Trading

Not seeing many good trends this week. I have 6 trades that have done ok, but nothing to brag about. Here's the 6 I'm in right now, but be aware that any or all may crash at any time. eurcad short, usdjpy long, audcad short, nzdcad short, cadjpy ...

Trend Trading

I like this quote. "When you've truly mastered trading. you're not really making any decisions; the price action makes all of the decisions for you." I can't say I've truly mastered trading since I still make two, and only two, decisions in my ...

Trend Trading

It also took me 12 years to start winning consistently. I thought I was just a slow learner, but I guess that's pretty common. The good news is, I'm having a great retirement. Hang in there! Most people quit just before they would be successful.

8 Years Later - Still Not Winning

That's a fair question. These days I usually set the stoploss at about 50 pips and I look for a TP of about 2.5X SL. I will increase SL and TP for a volatile pair though. So, for instance, GBP/JPY was traded this week with an 80 pip sl and a 200 pip ...

Trend Trading

Everything is fine, thanks. I've been very busy over the past few years, but I'm in good health and trading is going very well. I'm still trading trends exclusively in Forex. In stocks I use a combination of fundamentals and technicals. I keep it ...

Trend Trading

If you want to play around with this in practice mode or in simulation, have fun! To answer your question, no, Martingale can never be profitable over the long run. That's just a statistical fact and there is no way around it. If you want to make a ...

Success with Martingale & Hedge - Possible?

Hi Rachelle. I'm way over the time I was going to allow for this today, but here is how to start. Get a free practice account from a good broker like Oanda and practice until you have made all the common mistakes, like hitting buy when you meant to ...

"Beginner" really need advice

Every bit of news on the entire Earth is reflected in price. I suggest you learn how to trade price. Happy trading!

Can somone teach me how to trade[NEWS]

Most people who are trading for a constituent profit don't have time to teach. Most who teach can't make a consistent profit themselves. I'm in the first category, but I'll give you one nugget each year or so to speed you on your journey. First, ...

I need a mentor!

It's a long journey. If you make it, you'll make great bank, like a successful brain surgeon. Of course, it takes 12 years or more of study and hard work to be a brain surgeon. Why should successful Forex trading be faster or easier? Here's a clue, ...

To Succeed is to Lose?

Sure, it's possible. You can manually exit trades at any profit level you choose. I always set TP's when I'm sleeping or AFC. Happy Trading.

setup trade in MT4 without a TP

I'll answer a few questions today. Maybe it will help someone along in their journey. I always use a stoploss. I set it at about 1X daily ATR. Sometimes a little more for a very volatile pair. Trading without a stoploss is like driving with your ...

Do you use stoploss?

I see your chart there Squiggles, but I'm not sure of your point?

Trend Trading

Glad you got something out of it Benja. Remember, "Be fearful when others are greedy. Be greedy when others are fearful." Best success. -G

Trend Trading

I agree that money management and position sizing are critical. A simple example is suppose our strategy is so good we will make 3 to 1 reward to risk on an average win and we win half our trades. Then, if we risk 1% of our account, half the time ...

Trend Trading

I'll comment on my setups and leave it to others to comment on theirs. For me a setup is a golden cross across multiple time frames and it's very deterministic and definitive. It either crossed or it didn't. I take all setups that I see and let the ...

Trend Trading

There are a few things to consider here. First, I'd be careful of attributing too much value to opportunity cost. Everyday I miss hundreds of great trades in markets all over the world. I don't attribute a missed opportunity cost to all those missed ...

Trend Trading