A 70% hit rate should be profitable so dont change the strategy just the way you manage trades. Also dont add to losers it won't end well.

8 Years Later - Still Not Winning

R:R is a flawed assumption that doesn't materialise. Nobody can know where price will stall and reverse and any assumption is self diagnosed nonsense that leads to failure.

8 Years Later - Still Not Winning

The absolute best indicator for trends is central banks. Their shifts in policy are the root of all major trends. Intraday trends is news flow. No indicator or price action can get you into a trend sooner

What best indicator to entry signal and TREND?

I tried alpari some time ago and closed the account because the service was terrible along with the arrogant and cocky customer services. Best thing to happen was them going bust in the UK. I heard many bad stories about them after that.

Alpari.co.uk Discussion

Money management Explain how you manage trades

8 Years Later - Still Not Winning

Monday trade update Sentiment today reflected what price has been doing off the back of the ECB policy shift last week. I was somewhat surprised by the level of market reaction last week as it seemed to me at the time to be simply an extension of ...

Trading news and sentiment

the one with the date in the name is the futures instrument. They don't mirror each other - it is a futures contract so accounting for the future price of the DXY

US Dollar Index confusion

one is a futures contract the other is not that is why they are different

US Dollar Index confusion

Still winding down existing projects and busy on the site so not too much time to blog in core hours. Here is my trading schedule for the week. The Yellow highlighted events are potential trade opportunities that i will be actively looking to trade ...

Trading news and sentiment

I thought we having a conversation here? Sorry I cant read minds and didn't know you wanted to end it there. Maybe let people know you dont want to discuss further before being cocky about it.

Are We All Gambling?

Assumption is snake oil when it comes to this market. Making an assumption where price will go and accepting it doesn't translate into knowing exactly what your risk reward is. All that gives you is a self sense of conviction which does nothing to ...

Are We All Gambling?

It isn't a strategy however considered one by so many retail traders. To overcome statistical win-loss ratios they feel that risk reward ensures they swallow enough losses to produce a profit. The problem is you cannot know beforehand where price ...

Are We All Gambling?

Risk reward ratio is another smoke and mirrors. By having a set target you are committing to price reaching it. Well price moves according to sentiment which ebbs and flows and nobody can know where peice is going to reach, its yet another aspect of ...

Are We All Gambling?

Several reasons 1] Australian economy is affected by China's economy and China has been slowing down. 2] Trade tensions between China and USA were on the rocks at the time. 3] The Australian economy is struggling, the housing market has crashed ...

Are We All Gambling?

I trade economic releases every weak and Monday is generally dead on the calendar. Sometimes news breaks over the weekend or a story that was developing the week before has developments over the weekend. In those instances yes monday can kick off ...

Are We All Gambling?

Weak reference. Fundamentals are the source of all fx trends and volatility. Soros who made a ton of money shorting the pound did so because the fundamentals showed the situation would inevitably fall apart. He wasn't trading a chart.

Are We All Gambling?

You don't seem to understand trading fundamentals. There was nothing fake about October and November in terms of AUD and NZD. It is all explainable. I am not sure why you are mentioning Soros,that's not exactly a trade signal is it. Monday is boring ...

Are We All Gambling?

When a trade is triggered can also be done though FA, no TA required.

Fundamental and technical analysis

I wouldn't say nonsense but rather smoke and mirrors. You can apply any narrative to charts. Those images show the same structure that is sold as having a purpose in markets.

Fundamental and technical analysis

Firstly it isn't AI its algos. AI is a complex program that can solve issues without interference. Algos are just a series of complex if then else logic. Nobody has AI, it is used too loosely. All technical trading involves probability but not all ...

Are We All Gambling?