Nicely resurrected in order to make me read through a few of the mind numbing claims. 10% per month, on a 10K account, would turn that account into over 1 million in just 5 years. Not saying it has never been done, but the chances that so many of ...

What is your weekly return?

Trading space is full of the blind leading the blind, with many cases of some of the blind charging good money to the other blind. It's easy to see where the concept of a Profitable Trading System comes from. Even the financial institutions with ...

I need 200K euro urgently. Please suggest which system to use

If you think there is such a thing as a mechanical trading system with a handful of variables that any chump can sit and execute and make money.... .....then you have been spending too much time listening to YouTube trading miseducators. Your ...

I need 200K euro urgently. Please suggest which system to use

This 'simple maths' assumes that you have just as much chance of 'being right' on a 1:1 trade, as you do on a 2:1 or 3:1. But as any trader could tell you, this simply isn't the case. The market HATES 2:1 trades. If your trade goes comfortably to ...

Moving on from 1:1 Risk-Reward

Nope! image

To the profitable people

yep...cos u are clearly f.o.s. don't need my mind being polluted here.

To the profitable people

oh, and what broker are you trading the USDCNH with, that allows for such tight spreads as to be taking ~6 pip moves, whilst maintaining tight RR policies?

To the profitable people

"Either favours you or doesn't". Right! And whilst a simple strategy may be favoured for whatever reasons for a period of time. Most of the time. It won't be. A trader with a whole tool belt of simple strategies and a knack of knowing when and where ...

To the profitable people

I will say this much, the psychological side of the game gets increasingly easier, as the technical side of the game gets increasingly better. Regarding simple mechanical strategies. I am personally yet to be won over by any I came across. Seen a ...

Why do Newbies Lose?

It is a cliche, if tons and tons of people are all saying it, vast majority without having earned the right to say it, or understanding what it truly means to say it. Every trader and his dog says trading is 85% psychology, 15% analysis. But the ...

Why do Newbies Lose?

The whole cliched 'Trading is 85% psychology', only applies to traders with thousands of hours of screen time and an ingrained understanding of how the market moves. Until someone is at that point, Trading is 85% analysis.

Why do Newbies Lose?

This is a commonly propagated misconception. The idea that a monkey can beat a trader by simply randomly throwing darts at a board, whereby the direction of the trade depends on whether the dart lands on odd or even, (up, down) only applies when ...

Why do Newbies Lose?

I would advise that you keep things that way. Of course, every trader is going to misread the market and sometimes misread it often. Doesn't mean they can't make money. However, there are a lot of traders out there putting their material into the ...

GBP/USD M5 Trading

I got as far as this point, where he describes the 'bearish' market, and how it is far more likely that the market will go down, than go up: image As soon as I seen the chart, without knowing the price action (I never look at GBPCAD), my guess was ...

GBP/USD M5 Trading

And a similar rule as applies to S&D zone resistance/support, can often be applied to 'dynamic Support & resistance', aka, moving averages. I have highlighted the green 100MA here, as it is the MA that is currently most in play. You will see the ...

Any Advice for a Beginner?

Supply & Demand Zones on Daily Chart in EURGBP: These will exist buried within smaller timeframes and go unnoticed due to existing on higher time frames. With hindsight it is easy to see how well they have acted as trade locations. Regarding the ...

Any Advice for a Beginner?

What Market is that? Had you included the market, I would have done a more comprehensive study, but just looking at, I would advise you to get away from identifying pivots as key levels, and try and identify Zones, i.e. where a bunch of your arrows ...

Any Advice for a Beginner?

First of all, you never did my post the credit of reading it properly. Those trades, on the weekly chart, were just example of one of the most common retail trades out there, actually working out. Regarding analysing the Weekly chart for ...

Any Advice for a Beginner?

...and here is example of such a scenario as described above (or below) playing out in GBPUSD late last week: image Just to give a clear image of what I am describing.

Any Advice for a Beginner?

Download Motivewave (community version is free). Go find a Hairbrained setup somewhere. the sort of things that every retailer and his dog is doing. Here is one:. Find a M or a W. Set a entry order for a 61.8% retrace into the M/W, with SL behind ...

Any Advice for a Beginner?