I've been giving this a go for the past couple weeks. So far I've taken $200 to $2,000, although I don't plan on going for 9 net winning trades. For one thing, my broker lowers leverage on accounts over $10K which would negatively impact my trading ...

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

I had a straddle trade on - buy stop @ 1.3458 and sell stop @ 1.3430 and to my dismay, both got triggered within roughly two minutes of each other. ****ing ridiculous. And I thought it was just my broker pulling shenanigans.

Cable Update (GBPUSD)

You’re not saying anything that I don’t already know. I fully acknowledged this in the opening post. Thanks for your input. Moving on...

The Black Swan Experiment

As I mentioned before - this is not considered to be a "primary method of trading." This is an experimental, unconventional approach. What you're describing is a conventional approach - cut losers short, let winners run, 2:1 r/r, etc... Which I also ...

The Black Swan Experiment

Well, yeah, obviously. That's why this thread was titled as an experiment and it was done with an insignificant sum of money. It's not meant to be a primary method of trading. And I agree, it is very rare to have that level of confidence in a trade. ...

The Black Swan Experiment

I've certainly had some setbacks... Of the three major losses, one was pure dumb luck given my fleeting market exposure (unforeseen news event), one, however, was a loss on a legit signal, and one was a bad entry that was simply a lack of ...

The Black Swan Experiment

Completely lost my nerve on USD/CHF. Jumped in for a scalp long at around 8:40 EST. Saw price move down sharply and made the call to get out at around -17 pips. My thinking was if this was getting me back to breakeven, I may as well just get out now ...

The Black Swan Experiment

That’s a very idealistic way to look at it. The highly liquid nature, to me, speaks to the fact that the competition is immense, and by the way, the high end of the competition has information advantages and execution advantages that the rest of us ...

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

I don’t know that those real organic trading skills even apply to the Forex market. Getting lucky over a relative small amount of high-risk trades is a far more likely path to riches than a retail trader beating the Forex market consistently by ...

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

Well, I was fortunate enough to have a 3 pip trade take off and turn into a 30 pip trade. Last few trading days have been a little wild. Hoping to get back on a steady path from here on out

The Black Swan Experiment

I am aware the potential account-wiping trade is not an actual black swan. A defining factor of a black swan is that it is unexpected, which a loser in this case wouldn’t be too terribly unexpected. I just thought it made a cool title for the most ...

The Black Swan Experiment

I probably should’ve made it clear at the beginning that this is not my primary method of trading. I had hoped that my designation of this as an “experiment” would make that clear. As such, the hard and fast rules that would apply to your primary ...

The Black Swan Experiment

Your input has been duly noted. Moving on...

The Black Swan Experiment

Ya know... When I started this, I said to myself, “A big plus to this is limited exposure in the market - after all, you’re just going for a couple pips 2 to 3 times a day. The chances of getting caught up in a big unforeseen news event will be ...

The Black Swan Experiment

I'm just not a fan of trading on ultra low timeframes, even when scalping. Plus I already back tested my approach on 15M and was happy with it.

The Black Swan Experiment

I'm targeting 2-3 pips... If I go 1:1 r/r there's no way I'll have anywhere near as high a hit rate and with big lot sizes I'd get wiped out in no time.

The Black Swan Experiment

Honestly, I'm not quite sure what I want to achieve here either. A big part of this is trying to determine whether my entry strategy is legitimately high winrate or not. It's hard to backtest because even though it does have clearly defined rules, ...

The Black Swan Experiment

What fun is that???

The Black Swan Experiment

I trade on 15M candles but also use 1H and 4H for additional confirmation. The thing is - I haven't quite worked out whether there's something to my approach or I'm just gambling and on a heater

The Black Swan Experiment