1. There is no one correct answer. A casino has a statistical advantage on virtually every bet (table games and slots), therefore they let you bet as many times as you want (but they limit the size of any single bet). Why not do the same thing if ...

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I have NO IDEA what the winning % will be. There are too many variables that can't be quantified among different traders. This exercise is not MAINLY about the winning %. The most important part is about executing trades according to a set of RULES ...

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For those of you who may be struggling to get a good percentage of winning trades, here's what I suggest. ONLY trade Continuation Trades on a 4 hour chart for now, and only until you perfect trading them. Do not take any Crossover Trades. In my ...

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A chart is a chart. Take one and switch it from Hourly to Daily to Weekly. You can't tell what time frame each one is without looking. The more important question is how far does price tend to move on average during a trend on a certain time frame? ...

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Right after I saw The Spoof's post. And I just entered the GBPJPY right after I saw emmanuel7788's post. I have been busy doing other stuff most of the day and couldn't monitor the charts too much.

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I am short those two also.

Trading Made Simple(r)

Here's one of my favorite stories. I can't remember if I have posted it before and don't feel like looking through 70 pages to find out. The Jade Master' is a story in a book by Ed Seykota called 'The Trader's Window.' It's about a young man who ...

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I don't have the time or energy to answer all these questions. Everything you really need to know about my trading methods are on page 1, post #1.

Trading Made Simple(r)

It's not that I don't want to share more. It's that it's so COMPLICATED that I would do nothing but have to answer questions 24/7 and I can't do that. It would be like trying to teach Elliott Wave Theory to people who have not even ever heard of it. ...

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Looking at the Daily chart it does look like it's going to go way higher, and a 4 hr. entry one candle back would have been correct. But almost all of my trades start on the 4 hr. chart and I don't like trading in that sloppy mess that I see on that ...

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Yes. I trade stocks too. Netflix is in deep trouble in my opinion. Several large media companies like Disney are starting their own subscription services similar to Netflix AND more importantly, they are not going to allow Netflix to show their ...

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Look at it on a 4 hr. chart. For nearly a month it has been moving like it's psychotic. image

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It's very simple. I was responding to marcara in post 1416 who wrote: Thanks, I do not understand the rationalle behind AUDUSD, NZDUSD Down. NZDUSD is close to previous swing and also has the SMA200 as resistance, but If you would like to take a H4 ...

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I want to say this as politely as I can. I have THUS FAR ONLY taught the BASICS of my methods, but I have not YET taught the more ADVANCED things. If I did, it would be WAY TOO OVERWHELMING for 97% of the traders here. MAYBE some day I will expose ...

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Thanks for pointing that out! I just noticed that there was a textbook Continuation Trade on the 4 hr. GBPNZD. Problem is, I was asleep when it started.

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AUDUSD > Down NZDUSD > Down EURNZD > Up EURAUD > Up These are just my "educated opinions". I may end up being wrong.

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None

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Here's what I am watching VERY closely: AUDUSD NZDUSD EURNZD EURAUD NZDCAD GBPNZD NZDJPY They ALL are at EXTREMES and they ALL are LIKELY setting up for big reversals on the 4 hr. charts. Of the 7, I these 4 the best: AUDUSD NZDUSD EURNZD EURAUD Of ...

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As soon as I enter a new trade I place the initial stop 2 candles back. Then every 4 hours, I trail it closer IF required. Or I eventually get stopped out. You can use 1 candle back, I do sometimes if the candle 1 candle back is loooong. The reason ...

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More than that, it allows for 1 unit to have a chance to ride a long trend whereas the other ways shown don't. It all just comes down to personal preference.

Trading Made Simple(r)