Almost 10% gain on our accounts in less than 2 weeks. Again, I really believe the trick to making money using the Martingale strategy is to use smaller lot sizes.

1% Daily BEST BET EA

Bought BTC (.4 lots) @ 9407 .1 lot = $.01 SL = -120 pips CLOSED SL HIT To the moon? I don't know but looks like it wants to go higher possibly because of the upcoming halving.

EG $500 to $5K Trading Journal

There are four possible outcome in every single trade: small loss, small win, big loss, and big win. In order to eliminate the big loss which could lead to a significant damage to our accounts, we must always use a stop loss. No exceptions. Losses ...

EG $500 to $5K Trading Journal

The main objective of this strategy is to try to catch the big moves, while keeping losses at a minimum, hence the ~1% stop loss for each trade. Let's say for example we are trading the EURAUD pair. I would get in 5 times with a 35 pip stop loss ...

EG $500 to $5K Trading Journal

Sold (.2 lots) GBPAUD @ 1.9256 SL = -35 pips Update: SL moved to BE +3. Free trade! Closed: SL hit at BE +3

EG $500 to $5K Trading Journal

Sold (.2 lots) CHFJY @ 109.43 SL = -35 pips SL has been moved to BE +3 so free trade already. Sold (.2 lots) EURUSD @ 108.21 SL = -25 pips Update: SL moved to BE +3 Closed: SL hit at BE +3

EG $500 to $5K Trading Journal

Sold (.2 lots) EURUSD @ 1.0834 SL = -25 pips Current balance: $529.22 Closed @ -25 pips

EG $500 to $5K Trading Journal

Both trades have been closed. EURAUD = +103 pips GBPAUD = -55 pips I've been thinking since I only have a $500 capital, I will be tightening my SL. Major pairs = 25 pips Minor pairs = 35 pips Nothing will change on the strategy except for the ...

EG $500 to $5K Trading Journal

Bought (.2 lots) GBPAUD @ 1.9525 SL = -55 pips Running Trades EURAUD SL = BE +103 (May 4th, 8:00 AM PH time) Lots of great opportunities with the AUD and NZD crosses, but be careful not to get overexposed.

EG $500 to $5K Trading Journal

Really Great Piece on parallels of professional poker players and traders (money managers, fund managers, personal wealth managers et al). One of my friends and broker sent me this way back November 2012 and it's still very true to this day. ----- I ...

EG $500 to $5K Trading Journal

I received a couple of messages on how it is possible to risk 1.5% of account if I trade .2 lots with -55 pips. As per FXCM, For US pairs, .1 lot = 10 cents per pip For minor pairs, .1 lot = 6 to 9 cents per pip depending on the pair e.g (For ...

EG $500 to $5K Trading Journal

For exits, I rarely use b. and c. Most of the time my trade gets closed if it hits SL or trailing stops. It's no fun to close a premature trade just to see it go in your favor as soon as you closed it. I also don't set targets. I just let the price ...

EG $500 to $5K Trading Journal

Bought (.2 lots) EURAUD @ 1.7042 SL = -55 pips EDIT: SL adjusted to BE +3. FREE TRADE (May 1st, 11:45 PM) Current account balance: $526.83 PS. If you notice the red vertical line, I like to separate the months (March 31 & April 1) so I can focus on ...

EG $500 to $5K Trading Journal

Swing Trading: Positions are held from 2 days to 30 days Charts: 4 Hour - 3 Line Break Charts (Tradingview.com / Investing.com) Indicators: 34 EMA Wave, 5/9 EMA Cross Markets: Forex, Futures, Equities 1. BUY a. Price must be above the 34 EMA Wave b. ...

EG $500 to $5K Trading Journal

Started loading up on crude oil @ $11.20. Pending orders at $10.30, $10, $9.50, $9, and $8. Stops are pretty wide, but it has to go back up for some retracement.

WTI Crude Oil Trading

I am a swing trader and I only trade less than 1 hour per day so no need for robots or algorithm.

How do you learn to trust yourself in trading?

Actually the main issue is whether or not you can stick to your strategy long enough. Often times, we switch to another promising strategy that we never allow our original strategy to work.

Why do 95% of traders lose?

There will always be retracements on a trending market. What I do is if I reach 60 pips on the direction of my trade, I always move my stop loss to BE +3, which then makes it a free trade. Then as the pair keeps moving in your favor, use trailing ...

Does the Market Trend More or Range More?