Continued Ans 5. There are two methods I use for containing the trend. I use a 5 ema on a higher time frame that is at least 4-5 times my entry-exit timeframe. It's important to do so because 5 ema is not tight enough to contain the trend and below ...

Containing the trend

Different types of money management exist. I use a similar concept to this tread and have had great success. Just because this does not align to your beliefs does not mean it doesn't work. This is how right wingers or left wingers or similar ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

The guy wants to sit at home and do nothing. He wants it easy so I gave him my entire system that I wrote down in my diary and explained it to him how to do well with it and he still doesn't do it. His life went downhill as soon as he graduated ...

Forex Dynamite: Explosion of Pips ;)

Incorporate a Singapore offshore company. They have very good laws regarding this. I am not spamming and neither is this my website but they have helped a lot, url Singapore is 9% first year and 17% flat tax with no bullshit. If you have somewhere ...

Pay Your Taxes

Finally someone with even half a brain cell on Forex Factory. I am too skeptical about teaching others. I've learned from personal experiences that most people keep on failing even then and pile it on me. I've lost good friends because of this. ...

$200 to $15000 in 12 months (Live)

You need to go offshore. Not only in banking but also make a company. You will pay less taxes than you pay in the United States and it's not that much of a hassle if handled through a firm. The best part is that a double tax treaty will likely ...

Pay Your Taxes

Varun mate no need to delete the thread. I have a friend who isn't doing well career wise and I tried to teach him how to trade but after a week he lost interest even though he needs something in his life or it's going down the shitter. The thread ...

Forex Dynamite: Explosion of Pips ;)

I replied on another thread Dukascopy is on real account IB was a under 25 account was blown. It was the $3000 minimum balance one with 5000 more kept in for next cycle and for safety but as soon as I blew it I panicked and withdraw all. I have set ...

Scaling up

Independent. 1% of 5000 because we cannot predict if we will win the first trade. After 1:2 both lots are set to breakeven. That means I am willing to lose $50 on my first trade. Average stoploss for me is 15pips so $150 are invested. My most recent ...

Magix, Martingales, and Market Myths

Dead thread that needs more views. Martingale is frowned upon for the most stupid reasons. I've tried lot of variations and finally have a style the works well for me. I start with $5000 and double my lot size every time I win and half it when I ...

Magix, Martingales, and Market Myths

Finally! Target hit closing all lots.

EURUSD

Still two lots open will close one at 1.3325 or 1.3390 Target extended to 100% fibbo RT i.e. 1.3390 But I do have a mental TP near 1.3325 level and will exit depending upon how price reacts to that level otherwise hard TP at 1.3390 I think i'll ...

EURUSD

great 11 days target extended to 1.3325, but this could still just be one last push. For me tomorrow's candle i important

EURUSD

Still in the trade 2 lots targeting 1.3300

EURUSD

Closed two lots not 1 : .50 lot with 40 pips profit 1 : 1 lot with 80 pips profit Now waiting for Eur Usd to break the resistance or reverse two lots open: trendline break exit lot 1 : 2 lot SP break even on both lets see if today's candle shows ...

EURUSD

No trade for me yet. Anybody has a different opinion? i.e. Long term traders

EURUSD