So, like an idiot I had forgotten about this announcement and had gone long USD/CAD about an hour beforehand. I had a 15 pip stoploss that completely got blown through. When I finally did get closed out, my stoploss had slipped more than 200 pips ...

USD/CAD

Depends on what you're looking for/how you trade, I suppose. I've been at Tradersway for a while now and can't really complain. Execution is good. Customer service is ok. Slippage is minimal, even during high impact news.

Can we really beat trading costs?

Yeah, but not for me in the US. And I'm yet to find one ECN for US traders that is commission-free.

Can we really beat trading costs?

I explained it in the first post. Works out to $0.70 for 0.1 lots.

Can we really beat trading costs?

And sadly, neither accept US clients.

Can we really beat trading costs?

It does make a difference for my trading approach, which is why I trade an ECN broker and not a market maker.

Can we really beat trading costs?

If your only cost is spread then you are not using an ECN broker. With an ECN, the spread on EUR/USD is virtually non-existent (at this moment it is 0.1 pip). When you trade the approach I do, trading M5 charts and using very tight stops, this is ...

Can we really beat trading costs?

I wouldn't be trading with this kind of leverage on any substantial amount of capital. I started this account with $100 knowing that I was going to be trading with awful risk management at the outset because I really don't care if I lose $100. The ...

Can we really beat trading costs?

Huh.. Just like rakeback for poker it looks like I looked at the link. For my broker it would appear that you have to be setting up a new account?

Can we really beat trading costs?

Yes, but... My total commissions plus swaps are -$473.66 My total gross for the year is $1,564.30 (This is from an excel spreadsheet I use. I wasn't trading my current approach last year so factoring that out) -$473.66 / $1,564.30 = -30%

Can we really beat trading costs?

I want to believe this, but I'm skeptical. A daytrader can make this many trades in just a month. Who's to say whether or not market conditions have just been favorable for you and you are yet to really be tested? For 2017, I'm net positive over 200 ...

What kind of sample size is ideal?

Whether you trade the trend or counter-trend, in and of itself, has little bearing on your susceptibility to drawdown. The amount to which you endure drawdown is a function of risk/reward and win rate.

The trend is not your friend...

I agree with all that. Directional bias (in my opinion) is a different thing than a predictive mindset with the key difference being, as you pointed out, flexibility. Every trend trader has to have directional bias. I just think that those (and ...

The trend is not your friend...

I think it's perhaps too early to say

What kind of sample size is ideal?

I know I'm going to come off as a know-it-all by saying this so emphatically, but that statement couldn't be any further from the truth. It is 100% dead wrong and the reason why so many traders never turn the corner. Talk to any successful trader ...

The trend is not your friend...

Epiphany #4 Don't get too high when you win; don't get too low when you lose. I'm sure you've heard this one plenty of times: "Remove your emotions from trading." Well, if Epiphany #1 is easier said than done, this one is nearly impossible. After ...

My Trading Epiphanies

Thank you for that, Ronda. A former champion like yourself knows a lot about being at the top of the food chain... Tell me, have you given up on MMA to trade Forex professionally? Lol.

My Trading Epiphanies

Could this finally be the march to 1.12 and beyond??? Currently long at 1.1158 with SL at 1.1138

EURUSD

In that case, disregard my comment... I was thinking the left-most point on the red horizontal line was where you entered.

Trend Awesome System

This doesn't look like a valid trade to me. Your moving averages are not aligned how the original post stated... for a valid sell it must be 150MA at top, 40MA at middle, 10MA on bottom.

Trend Awesome System