possible trend reversal. shorted a little bit with momentum, but I am actually scared of such things. It is better not to be greedy. as I mentioned Fooled by Randomness above. some guys make money by just waiting for such events and probably doing ...

No Brainer Trades

got nice 3;1 R;R on Gbp/Jpy but closed all, although I thing there is some upside potential. Stron resistance over there another 30 pips. I tried to trade also Cable, but i am trading manually and things start getting messy. i think one pair is more ...

4H Banker Buster

GBP news at 4:30 a.m. EST

No Brainer Trades

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No Brainer Trades

Life is complete disappointment no wonder one of my favorite trading books is Fooled by randomness. I have ben chating with one guy who created some kind of hedging system and says he almost never takes losses and is comfortable with 50-60% ...

No Brainer Trades

We are thinking similar thought I close 75% and let 25% run. results are positiove so far. but this method will work in choppy markets too. today results still were positive.

4H Banker Buster

I think bulletproof can be only stop loss

No Brainer Trades

After trading what I devised myself, I would say that which candle doesn't matter. The smaller it is the better. and the box doe snot have to take all this candle. any break out strategy should keep losses small and let profits run, right? No so ...

4H Banker Buster

however this is no strategy. Everyone sees things differently and enter or not is completely discretionary. Hence psychology is more important than when strategy says enter on signal exit on stop loss.

No Brainer Trades

Today levels I was looking at got almost no respect. only 1.6543 got touched and then gave 30 pips. But I did not take cause previous Resistance was too close and it was close to news. Took only next level and it was blown through, I took trade few ...

No Brainer Trades

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No Brainer Trades

also I am waiting for G/U to get to 1.6662. image

No Brainer Trades

If we get there.

No Brainer Trades

I see G/J short at 152.30-152.37 image

No Brainer Trades

Psychology is most important trading this method as there is no mechanical triggers or any other mechanistic rules. It all our discretion. Taking position at some S/R against what seems like a running away train is not easy and especially decide ...

No Brainer Trades

I believe another important thing is to learn how to add to profitable positions when things moving in positive direction... to milk it to maximum. If you read Turtles, they had that complete system where they not only were cutting losses short, but ...

4H Banker Buster

it's just closed on S/R line. go figure now waiting for news push.

No Brainer Trades

Well, now psychology is in working. I am thinking of which level might hold to short G/U and G/J. News are coming soon. Yesterday's level that gave so nice pips looked too dangerous to enter after seeing big money going into pound. resistance of ...

No Brainer Trades

I can say phew for one account. Got out successfully even with small gain. But really got a lesson of not mixing things One more account is still hanging. If I am correct I might get out there as well. I think no filter will help. Only your own ...

4H Banker Buster

I think from my personal experience so far that psychological factor is the most important part of successfully trading BRW method. I would not even call it strategy. What other think of this? I mean those who trade live.

No Brainer Trades