I am learning this, slowly. When I trade robotically, it works. When I don't, it fails. Simple as that.

A recipe for success, which many seem to forget

After trading Forex for a couple of years, one big emotion for me to overcome (still) is fear. I will see a setup that I *know* will work, but just can't commit or don't stay in the move long enough. Another is being an eternal optimist. I'll find ...

A recipe for success, which many seem to forget

If you look at my trade viewer, you'll see that I've lost a lot of money trading EUR/USD, as it has moved sideways the last couple of months. I called the bottom way too early. I wouldn't even trade that again, until it decides what it is doing. You ...

Reverse Engineering a Profitable System (REPS)

You can try to trade news, in-between waiting.... and probably lose what you gained waiting for your trend trades to play out.

Reverse Engineering a Profitable System (REPS)

Balls. If you really have a pair, you would add to the position at confirmation points (where the price touches either the upper or lower channel boundary, depending on if the trend is bullish or bearish). Add to the bottom bounce, if bullish; add ...

Reverse Engineering a Profitable System (REPS)

When it's trending like that, I use Donchain Channel, set to 20 on higher timeframes, and 55 on lower timeframes, with 200 MA. That's it. You can either add to your position or take profit as it bounces around in the channel. Kind of like the Turtle ...

Reverse Engineering a Profitable System (REPS)

Curious, what you were running MT on, A VM or Wine? I run it on Wine + WineSkin. It's in a self-contained in an OS X .app package. Works pretty well.

Dell XPS13 - any other PC recommendations

Market going apeshit. Fun to watch.

EURUSD

Not many; I'll usually find 2-3 setups. I trade Daily and Weekly charts exclusively. I'll look for potential 20-30 pip moves and spend a few hours watching the market. If it takes a day or more to materialize after taking the positions, I'm fine ...

90% of traders fail...

Yep, I typically hold for around a day, sometimes several days, depending on the trade. I'll usually take positions during Asia, go to bed, and let them play out during London/New York.

90% of traders fail...

Darryl, I agree. I trade the Daily and Weekly charts exclusively, with Monthly as a very-long-term indicator. It really makes you put your risk/reward into perspective. Smaller position sizes are a must here. When you are underwater in trades, it ...

90% of traders fail...

My question to non-US traders: How do you NOT make money, with the ability to hedge? Seems like shooting fish in a barrel, yet so many traders around the world, US especially, lose money. I am losing currently, as well.

Why every US trader needs to trade offshore