I have all the data as well for the Daily highs and Lows but for the purposes of this thread the instances of large swings are not that important at this time but yes, of course, there are going to be wild swings but 90% of the time these happen ...

What I learned after losing $300,000 trading forex

Only you can decide what is an acceptable risk for you. I just want to be very clear on if I decide to take risk what are the probabilities it will work. I know a trader that takes trades with a 20% probability but his money management is based off ...

What I learned after losing $300,000 trading forex

All that matters to me if I take this short signal at the -50% what is the exact probability it will hit the -75% or beyond. By knowing this as well as knowing what stop level I should use and the percentage chances that that stop will get hit I can ...

What I learned after losing $300,000 trading forex

You can use an ATR that is fine I used them for sizing successfully as well I am not saying that you can not or should not. The problem I personally have with ATR is it becomes harder to Quantify it over a large sample. Of course, you could quantify ...

What I learned after losing $300,000 trading forex

I posted these Frequency Distributions Earlier but I should be posting them on every page of this thread. Over and over and over again till people understand you can never beat MATH. If you really ...

What I learned after losing $300,000 trading forex

The GBP worked great so knowing what I know statistically, I can now even move my stops to break even. I am not telling you what I am doing I am merely showing you how you can use statistics to make better trade decisions ...

What I learned after losing $300,000 trading forex

This morning I had two trade signals one of them was long the EURGBP and the other short the GBPUSD however we are already at the .50% levels so if I am going to take these trades I can not do any big sizing my target is not great maybe 20 pips to ...

What I learned after losing $300,000 trading forex

Excellent thank you

What I learned after losing $300,000 trading forex

Well, of course, I read Nassim's famous book many years ago so I guess you could say I borrowed it from him but I think I am using it in a slightly different context. Also, Charles Dow suggested it long before Nassim in his famous Dow Theory ...

What I learned after losing $300,000 trading forex

This brings me to Lesson 8: Time Matters. The next most important thing you want to observe is the time of day. What does the market do in relationship to different times of the day during each session? I have the Asian, London and NY sessions ...

What I learned after losing $300,000 trading forex

I answered your other two questions ^^ but absolutely 100% we are in agreement. Proper Money Management is the holy grail.

What I learned after losing $300,000 trading forex

An excellent question is one year enough data? I have actually ran this across multiple assets from Forex, Futures, Stocks, and even options prices. I have also ran this for over a 10 year period year over year and all assets pretty much stay the ...

What I learned after losing $300,000 trading forex

Like all things in the retail world fibs are half-truths. What I can tell you is that 99% of the institutional algos base almost all of their foundations off of the underlying Frequency Distribution Stats that I shared back in my earlier post. ...

What I learned after losing $300,000 trading forex

I could not agree more. The most successful traders I have met are all the nicest people in the world. We live in an ever-changing environment and keeping an open mind is critical no matter how much money you are making things can change fast. We ...

What I learned after losing $300,000 trading forex

Look I have no problem with constructive criticism and in fact, I encourage it. I want people to ask questions and not believe anything anyone says till they prove it to themselves!!!. DO NOT BELIEVE ME or anyone else in any forum. That is how I ...

What I learned after losing $300,000 trading forex

That makes sense.

What I learned after losing $300,000 trading forex

Well, I did tell you that I had a mentor, and if you must know my mentor works at one of the largest investment banks in the world. I had a chance to see the real order book. Not the retail order book you are looking at. The real order book. The ...

What I learned after losing $300,000 trading forex

I can see by a lot of the comments that some of you guys are not ready to become profitable traders yet. I understand I use to be like you. If you came here to be spoon feed some "Magic Pill Trading System" you might as well leave now. Lesson number ...

What I learned after losing $300,000 trading forex

In this forum for 7 years and you are still visiting it daily? Sort of tells us everything about you. A closed mind is a death trap but I wish you all the best.

What I learned after losing $300,000 trading forex

Thanks Bwilliams there is nothing special about my indicator it is simply measuring .25% .50% .75% and 100% plus or minus from the OPEN of the day as long as yours does this its fine

What I learned after losing $300,000 trading forex