Averaging down is a bad idea to begin with. Let me tell you a story of myself once upon a time. I used the martingale strategy at one point in time. Sure I average down. It works mighty fine for a while. But then 1 day, the market started to tank ...

why is everyone so afraid to average down?

some big boy is shorting around 1.2425. lets see which big boy has more money

EURUSD

My first AHA moment: -Realizing that position size means a whole lot of difference. 2nd AHA moment: -Realizing that to get rich, you need at least a 1:1 RR ratio. other aha moments are not so memorable to me so I won't post them here.

AHA moments in your trading career

anywhere from 1 day to 2 weeks.

How Long is your typical trade?

url The latest bombshell: German Finance Ministry now saying it will likely Ban EUR derivatives that don't hedge against FX risk. And good luck quantifying what FX risk is legally allowed to be hedged. Look for the EURUSD market not to plunge, but ...

EURUSD

I think he finally gotten over that bitterness in eps 7. If you look at the guy holding the palm pilot I think it was the same bitter guy in eps 6 haha.

Floored, the movie

1)None of them is a good idea for someone of your trading skills for now. Those are very very small stops and TP which suggests that you are intratrading on 1hour charts or less. Judging from the way you ask your questions, you have not grasped the ...

Martingle Confusion

whoever that guy was from episode 6 is a bitter dude lol

Floored, the movie

I don't trade intraday that much so I can't comment. But on 4h charts and above, I glance at the charts a few times a day at the close of the bar. I would at least look at the charts once a day if I have open positions. So... probably if you add all ...

How many hours do you spend in forex trading per day?

Unfortunately I have not done any testing beyond my own strategy. You will have to find out thta number yourself. For me it is 2 atr on the daily charts. Period of 20 days back. Anywhere between 14-20 days shouldn't give too much difference. But ...

Gaining an edge from your exit

I'm personally using the same as hanover- ATR trailing stop. I trade on longer time frames so it is not very prone to noise. If it hits, too bad. If it doesn't hit, just wait until it does or an exit signal shows up. I generally make more than I ...

Gaining an edge from your exit

a spreadsheet. contains a few info that i have to manually key in. -price per pip -stoploss -risk in % -account size.

What do you use to calculate your postion size?

Agree with Intu. Whoever this guys is will soon get a margin call. Or go bust.

You think you are good enough to analyze what system is this??

Common question. Before you decide to finally leave your current job for good first ask yourself these few questions. If you can answer positively for most of these questions you are ready for full time trading: 1)How long have you been profitable? ...

You know you are a trader when.....? (Serious answers please)

Haha, you think EJ is fun? Check out dragon. It moved some 400 pips in less then an hour. >>That<< is what I call a dragon lol. They say the markets will push every button known to man. They were right literally and figuratively. Haha

EURUSD

I look forward to selling again on monday. Moar pips!!!

EURUSD

I'm closing out my 1500 pip profits. See you all on monday

EURUSD

For the people out there hoping for a retrace, all I can say is good luck. From a chartist point of view, the trend is going down. There is no reason to initiate a long... even if it was caused by a fat finger. It is a rumour. You can't confirm it. ...

EURUSD

The answer is no. You probably will not be able to. Even if it was caused by a problem on the broker's side such as connection failure. You lost the money due to your own non-diligence. Learn more about this business before putting more money into ...

EURUSD

thats a monthly chart. it works best at the end of the month

EURUSD