First off, Hanover, great post and a whole bunch of wisdom in that... and anyone who thinks it long winded, clearly hasn't understood it properly. Good luck with the future endeavours too. Re exits, I've been sweating over these for some time now, ...

On the topic of BS in trading forums...

23%. Not exactly high frequency - successful trades take about 1-2 days. I'm sceptical of high frequency strategies around here. The quality of your edge to overcome the spread hurdle is so big, I think it's pretty much impossible as a retail ...

risk reward / win loss

OK, I operate with volatility adjusted TPs (gasp) and stops, operating on a 1:5 basis. Given that probability changes with different risk reward profiles, I've found that the most profitable trading occurs when you start as far to the left of this ...

risk reward / win loss

Hmmm, honestly? Can you say hand on heart you've properly backtested this over a decent amount of time? Or that with the numbers you've chosen, the method has some bearing on buyers and sellers decisions to buy/sell? Or is it you think that you've ...

My experimental daytrading system

This and DTs post pretty much nail the differences and advantages of averaging down, and explain why you get such polarised opinions on it. If you're more systematic in your trading style, averaging down makes no sense. If you're more discretionary, ...

why is everyone so afraid to average down?

Man, that's a confusing set of options. You've mixed up type of trade (fading/breakout/both) with frequency (<1 week, <1/day, 1-3/day, 4+/day), with method (systematic manual, systematic automated, discretionary, all the options in between), with ...

Poll: What Style/System Do you Trade?

[QUOTE=Intu;3746961]That was an interesting read, if thread followers have missed it, please check out Razzle's #32 post .pdf in this thread. "In particular, the [FONT=Times New Roman]double-down strategy, considered risky by some practitioners, ...

why is everyone so afraid to average down?

Thanks all, I thought I'd wait until I heard a definitive answer. And the answer is no... True enough the ask reached down to 147, but there wasn't enough liquidity to fill many orders at this level. Sigh... FXChi, sounds like you've heard this ...

liquidity test

Oh my — Setebos, I think you might have missed a tongue firmly in cheek there. That's the interweb for you. Let's be quite clear, there are lots of traders professional and non who scale in and out. Anyone who dismisses it out of hand is a ...

why is everyone so afraid to average down?

MrJ , but in reducing risk you're reducing profit... the only way in which this could be beneficial is if there's a correlation between the amount of drawdown on a trade and it's likelihood of profitability. This would mean the you have a ...

why is everyone so afraid to average down?

Stop your sighing TGPop, Razor clarified it in the second post! It's easiest to define scaling in as what you're doing (where you spread your set risk over several orders), and averaging down as what willful gamblers do (where they double their ...

why is everyone so afraid to average down?

Realising that unless you can prove something works on a RR 1:1 basis, you're fooled by randomness

AHA moments in your trading career

Winners between 1-2 days Losers between 1-4 hours

How Long is your typical trade?

Thanks everyone. I recently changed broker - it was going to be IB or Dukas, but FXCM opened up a UK spreadbetting service. This makes it tax free and saves 18% tax (probably more in the future when taxes get hiked). Weighing up the pros (18%) and ...

liquidity test

2150 surely?! Did anyone have a tradeable price on the spike down to 2147 this am at around 8am GMT?

liquidity test

Plat/others, could you do me a favour and give me a price here: url I'm not hijacking the thread... it is relevant... ta

FXCM Discussion

OK, just briefly - better risk reward ... better for what? RR is just a way of gauging how much you're risking to how much you're getting back, and as such is driven by how much wiggle room your trades needs and how much you expect to get back. Even ...

2,000USD to 2,000,000 USD in 8 years?

Or put another way, this past few weeks have been a black swan event, not to be confused (or to teach you) about how the market operates most of the time. From 3 May, retailers have been making exceptionally large profits. This is not the norm. ...

2,000USD to 2,000,000 USD in 8 years?

Thanks both, Razzle, that's the equation I found too, but I'm suspicious of that and the calculator; both seem to return results too good to be true. ForexQuant, just spent a few hours working with that, and it ties in with other graphs I've seen ...

Calculating probability of losing streaks