I don't know how you guys predict these retracements. Like you have to really understand the true value of the currency. Who can do that??? I bet even the guys who trade 9 digit accounts have a hard time understanding the true value and when ...

EURUSD

Nice performance thus far. However, I must caution you that spending time developing a 'demoproven' strategy is potentially more money and time wasted. Hear me out: Lets say you put in hard work in developing a sound strategy based on fundamentals ...

Spider's Den

I think I disagree. The EURUSD based on price action alone seems to be a trending market. Strongly trending if anything. Yes you should be on the lookout on large moves down which you cannot predict, but that is just paranoia.

EURUSD

Depends on your leverage and lot size. Sometimes holding to even 0.01 lots can yield you hundreds of dollars. In a tricky situation. I never understood why traders hold only 1 position per pair unless they are truly scalping. What you are looking at ...

The Really Useless Thread

Made my own. Day was looking bright, now we need to wait for the market to come back to us. This is where keeping our fingers in our pockets is hardest.

EURUSD

Absolutely, That was very stressful day. Largely my fault as I felt that the account was going to blow up(curse you EURUSD) so i closed a couple of positions and took a couple losses. As it turns out I shoulda just sat by and let the EA do its thing ...

EURUSD

HFTs do not rely on insider data. They actually experiment in real time with large volumes to see how the market reacts to various sways. And it keeps doing this...Essentially oscillating the price back and forth until the market is split in such a ...

Why The F@#k is this legal!?

My targets are irrelevant. I have special bit of software which manages orders, ie opens and closes orders.

EURUSD

Probably poor position sizing. Speaking of which, those are massive trades you are making English... a full lot with 1k account? Don't get me wrong you won, but jeez that is sweet high risk...what leverage are you using?

EURUSD

Believe it or not this is actually close to the strategy I have coded up. I use 1000:1 leverage with good results. My drawdowns are massive, but results are awesome. That said, I have torched a 500 and a 800 account in the process. All you can do is ...

How to Compound with High Leverage with Minimal Risk

Bought a small position @ 1.52305. (15 min charts). GOGOGO!

Cable Update (GBPUSD)

...and we are in with smallest position. Its a BUY.

EURUSD

Don't worry more hedgefunds trading Forex creates higher volatility and opportunity for day traders. Not a bad thing given that you can adapt to exploit it.

Why The F@#k is this legal!?

Tradersway has a nice platform. I use their 1000:1 leverage. Just waiting for funds to get here from them. A bit of a hassle with the wire transfer, but will see when the funds get here. Not terribly excited about using Payza, given their history.

EURUSD

Yup. This gig requires extreme mental toughness, like top 5% of population. Good luck hang in there. Sometimes you have to throw out reasoning and just go hard by the rules you write down. Nothing you can do, just imagine that every point in time ...

EURUSD

Looks pretty good. There is nothing wrong with high risk strategies as long as you make sure that the gains are worth it. Martingale can be a good strategy in the extreme case, ie you know every prediction you make is correct. Then that is probably ...

EURUSD

Nice aahmad. What kind of strategy are you using here?

EURUSD

Free tidbit of information....AUDNZD and EURUSD are partially correlated with an exploitable time lag.

EURUSD

Never use a stoploss, but instead my program tries to counter the loss with a new position, iterating so until you are profitable. Cheers

Do you use stoploss?