I think we will be taking your money.....(insert maniacal laughter here)

Money Management - the art of the exit

If you are placing a TP for both you are not riding the trend, you are limiting your trade by placing Take profits, if the trend runs you have missed it.

Money Management - the art of the exit

Aw geeeez.... did somebody miss their nappy today?

Money Management - the art of the exit

Each trade is opened and closed at a specific time, You risk a fixed amount of your balance, and the SL is a fixed amount as well, except a couple trades when I tried an alternative and that blew up in my face so back to the basic rule of the ...

Money Management - the art of the exit

Thank's Paulus, I later changed the TF and you trades became apparent, I hadn't finished my morning coffee before posting...LOL

How to use the 123 strategy effectively

I am afraid I will have to disagree with you regarding MM inability to provide an edge..... Maybe it would be more accurate to say MM assists or enhances the edge. Here is a system that is a continuation trade of Fridays price and held through the ...

Money Management - the art of the exit

I know I have sent this to some of you in our correspondences, But I figured it was worth sharing here in the thread since I believe it is pertinent to every traders success. This is from Joe Ross, and very pertinent to your trip to becoming a ...

How to use the 123 strategy effectively

Like any other strategy it is not 100% however it does have a very good risk to reward, especially when proper MM is used. Read the thread, read Paulus's rules, and study some charts.

How to use the 123 strategy effectively

OK .... never mind, I found it.

How to use the 123 strategy effectively

TP hit..... nice start for the day. EUR/USD Sold at 1.3142 Tp at 1.3122

How to use the 123 strategy effectively

Guess I'm still asleep..... I don't see this one, can you post a chart?

How to use the 123 strategy effectively

Slept in this morn .... missed two trades but got in on this one, we will see if it his TP which is at 1.3122.

How to use the 123 strategy effectively

Yeah Oanda does have a glitch or two once in a while, been with them over 6 years. Since I set a complete order with SLs and TPs all is ok, I've only had one issue with an order when a SL failed to trigger, I contacted them with the trade info and ...

How to use the 123 strategy effectively

Your charts are even more confusing than your statements here.......

EURUSD

Now that the knee jerk has worn off .... looks like that inevitable slide back to the norm.

EURUSD

Here is the news that apparently caused the spike This was a pretty timely announcement especially in these thin markets. FX NOW! EUR/USD, EUR/JPY Flows - China VP Wang pledges "Concrete action" to help EU; EUR up December 20, 2010 5:26:00 PM PST * ...

How to use the 123 strategy effectively

Here is your news re the spike..........Posted half an hour ago. FX NOW! EUR/USD, EUR/JPY Flows - China VP Wang pledges "Concrete action" to help EU; EUR up December 20, 2010 5:26:00 PM PST * 21 Dec 10: 01:26(SGA) - FX NOW! EUR/USD, EUR/JPY Flows - ...

EURUSD

Hi Paulus..... Would you post a chart of those trades please, I am not sure where you lost the 15 pip on the GU. Thanks

How to use the 123 strategy effectively

Why not just use a single MA and price? Here are the results of price crossing a 50 day SMA. these results have NO money management, it is an always in the market method. 50 SMA vs Price Here is another MA cross over method that is still being used ...

Why exactly do EMA crossover systems not work?

The cyan MA is a 24 SMA and the Blue bands are a 5 period and 0.5 deviation Bollinger Band

How to use the 123 strategy effectively