Japan will need to borrow a ton of money. They will do this by issuing bonds. These bonds will compete with other counties needing to issue bonds. So, they will pay a higher rate to attract buyers. The outlook for the yen on a longer term basis will ...

Some Fundamental questions

scaling for profit — Thanks for this suggestion. The trailing risk strategy is a very good idea. In demo trading, I have watched trades up $ 1200.00 drop to $ 100.00 or less winners on several occasions. If you trade 1 standard lot, can you ...

Let's talk money management

Probably saying the same thing in different ways — This is a very good point. And an easy trap to fall into. I agree with you. I am simply experimenting with the money management side of the equation. If we agree that someone has a system and ...

Let's talk money management

This is exactly the issue that I am exploring now. You see, I don't think the point is to trade. The point is to make a profit. I think keeping the "monetary exposure small" harms your returns. Of course the obvious answer of betting it all on one ...

Let's talk money management

Adjusting the lot size for trade conditions — Based on comments and a couple of links from Hanover, I am experimenting with adjusted lot sizes based on the conditions of my trades. First, I determine if my trade is a trend or a counter–trend ...

Let's talk money management

Better than the last trade! — Well, lananpips helped me understand the ZZ indicator better. Still have a patience problem as I probably should have let this trade run longer...Raised the S/L tight. Never lost money taking a profit (even if it ...

Still Learning the "System"

helpful link — I found this calculator to be very helpful: http://www.earnforex.com/position-size-calculator Now I can easily adjust the lot size up or down for trend / counter trend trading and for the Risk:Reward ratio.

Let's talk money management

I found this to be exactly the case for me. New to Forex, I got a system up and running and became bored waiting for the correct setup. I jumped the gun and got bounced for a loss quickly. So I settled on 5 pairs, two groups using the same ...

Currency pairs to start with as a beginner?

Looking for the pullback? — So the idea is to follow the trend. The Big # 3 marks the major trend direction. For example, #3 at the top = an upward trend. Then wait for the # 2 pullback, which will be below the # 3 as noted in an upward trend. ...

Can anyone explain the ZZ indicator?

Good Point! — Thanks for your input lananpips, So let's discuss the current charts. Here is the USD/JPY D1 Chart. Do I consider the trend up as notated with the big #3? And therefore, buying the USD/JPY is trading with the trend?? On the ...

Still Learning the "System"

Dred said... 1) ZigZag(zz indicator) is the heads up 2) Fails at a Fib pivot >------------------------If you like price action then you dont need the last 2 but for newbies i would use them 3) Candle Green(buy) Red(sell) 4) Stoch crossed Up(buy) ...

Still Learning the "System"

EUR/USD D1 Signal — We'll see how this works.. Entry = 1.37157 SL = 1.38530 TP = 1.34500

Still Learning the "System"

So what pairs to trade? — I would like to trade three (3) pairs. I would prefer that they be major pairs. And I would like them to be as un-correlated as reasonably possible. I have at least some very basic fundamental familiarity with the ...

Still Learning the "System"

Settled on the settings...Now for some fun — Ok...I think we have settled on our chart settings. The demo account size is $ 25,000.00 Leverage is 50:1 but should not be a factor for this trial. Since it is a Demo account, I want to experiment ...

Still Learning the "System"

Nice work! — That was a nice trade

Still Learning the "System"

No trades yet — Hi lananpips, I did not put any trades on yet. I am using the H1 and H4 TF's only as a "get ready" signal. This let's me think about stop-loss position, lot size and take profit levels. What do you think about the fib pivot ...

Still Learning the "System"

That chart drives the point home! Thanks. I like the idea of tying the lot size to the R:R. I'm going to add this idea to the formula you provided earlier.

Let's talk money management

10080 or 1440 for D1 Time frame — Thank you ans, This is where I have struggled. Take a look at the two charts, both set for daily TF. When I set the period to 10080, I end up with charts that "blow through" the supports or resistance levels. ...

Still Learning the "System"

Ok...I think this is more like it. — Fib Pivots Input settings: pivots = Should be False camarilla = Should be True midpivots = False MyPeriod = Should be 1440 Let me know if this works better for you

Still Learning the "System"