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- Xenjin replied Jul 15, 2007
Looks like your play 11 pairs. Why not play only one pair, and add or remove positions as you see fit? My friend tried a similiar strategy, scaling in his trades, but he couldnt handle large drawdowns. You need a strong stomach for it, good luck!
Pip Farming: An Experiment
- Xenjin replied Jul 15, 2007
There is nothing that 100% ALWAYS works in forex. There is only probability of a pattern working. I suggest gathering your own statistics for at least 1 year. There is also some books that cover gaps such as Candlestick patterns by Steve Nison or ...
want to learn about filling the gap on Sunday open...
- Xenjin replied Jul 15, 2007
I will have to agree with Donald here. Demo and Live are two different animals. Psychology gets in the way
100$ -->100,000$ (period: 12 months)
- Xenjin replied Jul 13, 2007
You are right but I find it difficult to maintain a w70% ratio. I guess its because im still a beginner. Im still learning though
100$ -->100,000$ (period: 12 months)Also, can you explain Dynamic Reward Ratios and Dynamic Postion Sizing .
- Xenjin replied Jul 13, 2007
The only problem I see here is your risking 14 pips to make 15 pips. With spreads, your risking 16 pips to make 15 pips. That is roughly 1:1 ratio. You are also setting T/P levels which will hinder your from catching the bigger moves I would highly ...
100$ -->100,000$ (period: 12 months)
- Xenjin replied Jul 13, 2007
Since you posted your first signal, Im curious to know what system/indicators/price action your using. Also, which time frame are you trading on?
100$ -->100,000$ (period: 12 months)
- Xenjin replied Jul 12, 2007
You might want to consider starting out with $500 instead of $100. With $500, you can actually trade 1 mini lot with low risk. Ex. 15 pip stop loss on 1 mini = $15 That is 3% risked per trade, which is pretty good. Good luck though, very interested ...
100$ -->100,000$ (period: 12 months)
- Xenjin replied Jul 9, 2007
Kihl, thanks for the excellent advice. That is exactly what I will do!
Profitable consistency.
- Xenjin replied Jul 8, 2007
Thanks for the advice. I also believe in simplicity, and I only use one indicator. It was when I improved my MM that I started being profitable. What should I search for? I want to know if Im consistent for 3 months, can I go live? Or 6 months? Im ...
Profitable consistency.
- Profitable consistency.Started Jul 8, 2007|Rookie Talk|18 replies
How long should one be profitable consistently before switching over from demo to live? I burned ...
- Xenjin replied Jul 4, 2007
Jacko, please take a look at my chart. Just want to know if I am drawing the trendlines and Fibo correctly. Im new to the 4h charts. Trend breaks only traded in the direction of the daily trend, which is up, so I would only look for long positions.
Jacko's Forex House of Pleasure and Pain
- Xenjin replied Jun 29, 2007
Might want to take a look at Woodies CCI. One indicator, One timeframe. Good luck!
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie
- Xenjin replied Jun 20, 2007
Anything above 50% winning ratio is good, but I find it hard to beleive you will have a 4:1 ratio with every single winning trade. Even if you have 50%, just maintain an avg of 2:1 or above, which is very doable, and you'll be fine. Eventually ...
Is this a satisfatory setup?