Good Job. But the question is... If this was real money, would you have initiated 7 new trades 5 minutes before news came out? Probably not, which is one more way that demo trading is VERY different from "live" trading. When there is no real money ...

Trading system using relative strength

I don't have one set way of doing it as of yet. I look at the 4Hr, D1 and W1. At times I'll take just what the D1 says, other times I'll take what D1 says PLUS other trades on the histogram, and a couple of times I used just the histogram as FH ...

Trading system using relative strength

Here's my trades for tonight. Made 89.4 pips, was near 100 but by the time I got all 7 trades closed the net was 89.4 image

Trading system using relative strength

Here's why you shouldn't do that. While the premise is good (buying a pull-back), you would not knowingly get on a southbound train to go north, right? The only thing that makes logical sense is that if you want to go north is to get on a train that ...

Trading system using relative strength

One thing that I don't agree with FH at this point is where he said to try to have an equal number of buys and sells. Like on Friday, the indicator had all sells (a LOT of them) except for 2 buys (that I remember), and they all won. And right now I ...

Trading system using relative strength

I had 9 buys as I said earlier. A while later it said basically to only be long 6 of them. But I held on to all 9 because the basket was going my way. Then I got tired of it and decided to start closing the 3 trades it said to close. I closed 2 with ...

Trading system using relative strength

Wish that's what mine said, I'm down 90 pips on my "All Buys". But that's only -10 pips on avg for my 9 trades. It's going to have to get about 5 times worse than that for me to worry about it.

Trading system using relative strength

This platform I am showing is from Alpari-US. You could always download their free MT4 demo and see the same results.

Trading system using relative strength

Not in my case. On Friday all the trades were sells on my list (about 8 of them) and 1 buy. When the market opened this evening at 6:00 PM EST I watched all of Fridays trades disappear and the new ones pop up and they are all Buys (9 of them). And ...

Trading system using relative strength

On my chart it opens at 6:00 PM EST.

Trading system using relative strength

Here is my Sunday night basket. I am not proud of it since it's all Buys but it is what it is. image

Trading system using relative strength

Ideally, we all want to get every pip that a trade could give us, but that's not possible, at least not consistently. So what IS possible? You can limit how much you lose, by using stops or exiting manually. You can have a realistic profit goal in ...

Trading system using relative strength

I honestly paid it no attention to it because I hate spreadsheets, they just give me a headache. But on the other hand, I have a trading buddy that runs his life off of spreadsheets and hates charts. Maybe it's a left brain / right brain thing. I ...

Trading system using relative strength

Of course this wasn't directed at me, but I'll answer for the benefit of others to see. ---------- ~How many baskets did you trade this week? 4 ~How many pairs in the smallest basket? 6 ~How many in your biggest basket? 8 ~How long was the longest ...

Trading system using relative strength

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Trading system using relative strength

Evidently PM's are off by default because I don't remember ever turning them off, but who knows, I just turned it on, hit me up.

Trading system using relative strength

LOL...I'll take a 1/2 pip spread on the EURUSD and 2.5 pips on the GBPJPY all day long, not to mention all the others!

Trading system using relative strength

I'll give you just one GREAT REASON why you should always open new demo accounts periodically AND have some demo accounts at all times. A few weeks ago a broke-r gave me a "courtesy call" to introduce himself. He then asked me to open a demo ...

Trading system using relative strength

It matters A LOT. There's is a whole different mindset that takes over when you have REAL money on the line. And the more you have at stake, the more it matters exponentially. Imagine the difference of how a pro boxer performs... against a sparing ...

Trading system using relative strength

All my trades are all done in a live account.

Trading system using relative strength