Don't think you are likely to take 10 losses in a row? Take a look at this post I made a while back: url 34 losses consecutively! 10 losses in a row happens to me all the time. It happens so often in fact that I now view it as perfectly ...

A simple martingale system?

You're absolutely right that the spread plays a huge role when trading short term in comparison to longer term. But there should be no reason whatsoever why a person would be any more likely to lose (or win) money trading short term compared to long ...

Why is short term trading so hard

I'm not researching whether or not to buy a course or advice from anyone, I was just curious as to the legal nature of some over inflated ego selling his useless advice or system to naive individuals. I totally agree with the statement "those who ...

How legal is giving forex advice?

I think the poster who said you were being fooled by randomness was talking only of the candles rather than the market as a whole. Saying the shape of candles is random is entirely different to saying the entire market is random......and candles are ...

Is a candle that opens and closes at the same price bullish, bearish, or neutral?

Good God! Are you deliberately trying to antagonize the locals? You could get hung drawn and quartered for that kind of talk. Candles represent price (in the past), and Price ACTION is EVERYTHING!! We all know that doji's/pin bars work perfectly as ...

Is a candle that opens and closes at the same price bullish, bearish, or neutral?

I've figured it out in case anyone is interested. It's simply a moving average crossover, identical to your "MA filled" indicator just with faster MA settings. It has a 3 MA and 14 MA. When the 3 MA crosses above the 14, the bars (fill) are painted ...

Janqie "MadScalper" 1min trading

Hi Janqie, Can I just ask you what the dvemashki indicator is.....what does it actually measure and how are the values determined/calculated? I've had a look around and can't find any information on this indicator. I know you said you use it to ...

Janqie "MadScalper" 1min trading

It was over a two and a half day period. I trade basically on a tick by tick basis so I make a lot of trades each day on multiple pairs. I have an acceptable loss for each day and if I reach it I just take it that the market is no good for me that ...

Fugly Trades

Well no chart to post as I didn't actually have a "bad" trade where anything went wrong as such. BUT........... I have had a stint where I had 34 losing trades back to back! What went wrong? Just the law of averages and probability. The ...

Fugly Trades

Just remember that the spread can work both ways if you have a take profit order in place. Spreads are like slippage.....sometimes it works against you and other times it works for you, and ultimately balances out. Also a widening spread of that ...

My GBPCHF order was closed at S/L of 1.63049 today

I personally risk 0.2% of my account equity per trade. With a maximum of 5 trades open at any one time, I never have more than 1% of my account at risk. The more capital I have to trade with, the less I need to make in order to live a good life. ...

Stop Loss and Risk per Trade

I thought about this to begin with, but then a 78 pip spread seemed quite excessive, especially a full 10 minutes before the news was released. I've seen a 50 pip spread on other pairs "on" the news release for a few seconds but never that much and ...

My GBPCHF order was closed at S/L of 1.63049 today

Does sound quite excessive. I'm pretty sure if you contact them and explain, they will sort it out. You won't get back any profits you may have made, but you won't take the loss. Just make sure when you get in touch you give them all the exact ...

My GBPCHF order was closed at S/L of 1.63049 today

This trade from yesterday. Got in at the start of a great move after the bad US news, and had the discipline to let it run as per my rules instead of taking what would have still been a great profit much earlier on. A very good day indeed with an ...

Smexy Trades

I really do think that spread betting is a gimmick in much the same way it's a gimmick when brokers say "We accept robots and scalping" (of course they do). Spread betting is only tax exempt if it is a secondary income (i.e. you're just having a ...

UK Broker options

From what I can see, the whole spread betting thing in the UK is a clever ploy by bucket shop brokers to fool punters on to their platform, safe in the knowledge you are never going to make money with them. If you do make money and trading becomes ...

UK Broker options

I'm not sure whether you would have a case or not, and I am certainly not qualified to advise on that. But.....even assuming your retail broker is 100% honest, I can guarantee that you would still see very different results from a demo account to a ...

Will I have a case against the broker if I run an EA on live and demo simultenously ?

I trade with Alpari UK on their currenex pro account and I've never had any problems. The spreads vary as you should expect, but have always been very good for me. EURUSD is generally between 0.2 - 0.9, GBPUSD between 0.4 - 1.4. Even GBPJPY which is ...

Want to open an account @ Alpari UK, any comment???

You're what's wrong. The indicator is not responsible for your success or failure. As the post above states, indicators are only accurate 50% of the time and really make no difference at all to how profitable or successful you are. You could put a ...

If most indicators are made to fail..