I wonder why he wouldn't increase the account size and deposit more, his win rate is at 69% and winners are twice as much as the losers.

Petty $25-Amount spent every week on Smoking Cigarettes

In meantime I had been looking at EA since Asian session AM. And still no setup thats worth taking - 30pips. Bias remains short btw.

Journey to consistency

Another thing that I was thinking about combining with this was, to trade away from my major MAs - the opening price also has to be around my major MAs - the faster we reach TP and the more pips is gained. Let's compare todays DAX short (around ...

Journey to consistency

OR TE, I'll start trading Nikkei and DAX on my new demo.

Journey to consistency

Another quick 20 on DAX buy above open sell below For now I don't know if I'm being just lucky or if I've got something that actually works. Only time will tell. I guess.

Journey to consistency

I can't take this supposedly long setup seriously. So I've decided to wait it out. If it does goes up sure go ahead. But I have a feeling it may actually go down from here R 1.55 down to 1.5445

Journey to consistency

we're all different. so what works for me may not work for you. but generally speaking I'd suggest you to focus on few pairs, within 3 or 2 and stick with a single TF anything between 5-15m lower the better, and study market structure , cycles - how ...

How Long Does It Take to make $5000/Mo consistent profit?

Guess I shouldn't feel guilty about closing this one. Time of the day of which you open a trade do matter. I won't deal with Asian session in the AM anymore for EA. But I'll start checking out setups at noon after lunch. Asian session AM's will be ...

Journey to consistency

Chickened out of EA long. It's very rare that price would go to your desired direction right after the entry point no matter how great you are at pinpointing the entry. I think I have to realize that and give it some time for positions to work out, ...

Journey to consistency

Nikkei opening setup range 70-100pips.

Journey to consistency

Quick short on Nikkei I know the numbers do matter than the screenshots not for everyone else to see but for myself. I have a separate demo account created to try out this method, but wanted to try it out on DAX first as DAX seemed a little more ...

Journey to consistency

EA long up.

Journey to consistency

Levels S 1.5474 R1 1.55 R2 1.5526 EA is at a crucial level on 4h major resistance R2 is hovering above last nights US high. For now 15m we're still in the up phase. So no reason to sell it here. For now. On 1h price had managed to climb above 1h ...

Journey to consistency

I still haven't given up on you Nikkei same goes for DAX, what can you do ? Think I'm going to stick with what worked initially buy above the open sell below the open. Sounds simple ? But to increase the probability I need a little more than ...

Journey to consistency

good call! maybe wanting to go long again now.

EUR/AUD

Setting up a new demo account So this is going to be the goal Max DD will be kept at 5% 4 consecutive losers will reach max DD Only allowed 1-2 losers per week Reach 3-4 winners per week Can't have too many mistimed entries. Only single mistimed ...

Journey to consistency

The importance having a low DD is really starting to sink in. Gurus often talk about RR but never DD, no wonder many blow up their accounts by over leveraging without a method that generates net positive results every month, every quarter. I wish ...

Journey to consistency

I don't think you've read his thread from start to finish. Since the inception of this thread (it's been 2 years) he hasn't changed a thing. I was first introduced to this thread 2 years ago, and he'd been trading tops, bottoms, pullbacks fibs ...

The Trader's Academy - by Traders for Traders

That's what i found out to be true on most days for EA, except for heavily trending days which can be rare and you still get pullbacks some might get you out of a trade at SL before resuming. Minimum of 20pips sounds good, I'm thinking I'll set my ...

Journey to consistency

Grid and relatively low max DD don't mesh that well to me unless you know exactly what you're doing. Otherwise it's going to be more like grid to dead account, which I think is going to be the case for me. The idea of scaling in as the trade ...

Journey to consistency