I like simple strategies that rely on market behaviour rather than intricate indicators so this is interesting. How is this strategy performing since January please?

SWS strategy (Simple weekly system)

I know all this which you have posted. And it seems like Peon does too. Where do you see we are confused?

Why leverage does not matter

I am a part-time trader and my job is being retired. I'm enjoying both. If I had to trade full-time to make the extra money I want, I would count that as a failure.

Are you a full Time Trader Or Part Time?

Take the low risk route at every juncture and give it time to work - Trade long-term not intra-day Set a stop-loss where it won't be hit Exit immediately on strict rules when you're losing - and when you're winning Follow trends, don't chase ...

Profit in forex is easy! Prove me otherwise...

Two years back I was very concerned that the new ESMA leverage restraints in the EU would throttle my trading. Possibly I would be driven out of private retail trading and forced to either make my account 10 times larger (somehow) or leave trading ...

Why leverage does not matter

Looks like you guys let the trading end........

Pete and Marty's thread

If you take trades that follow a trend, there is no reason to close any of them regardless of unrealised losses - until the trend ends. Is that what you're doing here?

I do not accept the loss

When do you first apply the trailing stop? How do you calculate the trailing stop distance from best price? Do you review this as the trade progresses?

No Targets

They say its because they cannot match the risk incurred on them by their clients in the market. Probably what they mean is they can but it would cost them more to have such facilities in place ready for the day and the minute when they need them as ...

Why do some brokers not allow scalping in trading?

There isn't a way to predict expression of personal opinion, unconnected with policy, manifesto, logic, economics or government statistics. What we can predict is that Trump will continue to unexpectedly disrupt foreign trade and stock market ...

What's the difference between a trade and a bet?

Nice enough strategy. I use something very similar. Trading does not have to be complicated. Trend-following is straightforward and profitable. Not much need to look further for profitable trading advice.

Trendology

There are two trading tactics at play here and you're conflating them and I don't yet see why. Firstly the random entry. People have tried this before - open a position on random timing and toss a coin as to whether its long or short. Then manage ...

Trading with no stop loss

Actually, this thread combined in my recent thoughts with another thread or two on another forum and I see a way to run two strategies without any of the mental interference which I usually suffer from when I have tried this in the past. The main ...

How many strategies do you employ in a single trading concept?

Well said, and parallel to my own thinking on trader development. I now believe that what most expert writers or trainers want their clients to do is to actually lose money but very very slowly. They don't want students to blow up the very next day, ...

How many strategies do you employ in a single trading concept?

Your plan for avoiding losing money is to toss a coin? We all know the best way is to roll two dice.

Keys to Success

It sounds like you believe a wide stop-loss costs more than a tight stop-loss, e.g. a stop-loss of 80 pips cost you twice as much as a stop-loss of 40 pips? Do you think this is true in every situation?

How wide is your average Stop Loss?

I thought last year that the ESMA margin restrictions would put a big disadvantage on my trading. However, this is not the case. I am long-term trend-following and usually size my positions to 1% of account capital, using 2 x ATR20 from entry price ...

UK: able to trade with more than 1:30 leverage?

Yes, this would be a good guesstimate but I hesitate to click the poll results as the set-up implies deciding a pip distance in advance for all targets and setting the SL that far out every time. I actually don't know the pips from entry to SL and ...

How wide is your average Stop Loss?

Stop-losses can't be logically considered separate from other factors, as several posters have suggested above. I'm trend-following on daily charts. I set my initial stop-loss position at (for longs) entry minus 2 x ATR20. Entries are always by ...

How wide is your average Stop Loss?

You could use ATR. A common factor would be 20 and 2 x ATR20 was the measure used by the turtle Traders as a stop-loss on their trend-following trades. That was using a daily chart but ATR works for candles/bars of any length. You can also use a ...

Which Money and Risk Management Strategies do you know?