Live, Dukascopy. I had a panic last night, placed a bid position on the kiwi before going to bed and the jForex platform crashed during execution. Their servers were then unavailable and I had an unprotected order in the market. Had to phone their ...

Trading for a Living

Quick in and out here, 3 minutes to hit TP. Long NZDUSD 0.84565 - Risk ~1.69% (13p) - result +2% (15p) (Edit: +7.53% in 3 days now, I'm sure the losing streak will rear it's head soon to restore balance :])

Trading for a Living

Lovejoy, I take it from this screenshot you're using LMAX. What charting software are you using out of interest? I fancy LMAX but their web charts offering is not up to scratch for me.

LJ Forex Group

Good night!

Trading for a Living

Apologies I should of been more clear, I went through a period of scalping the 1/5M chart with terrible results. I wasn't referring to your approach. I personally believe the lower the timeframe, the more precise you have to be (or at least in my ...

Trading for a Living

Yes 1:1 although in most cases my risk is always lower than target reward, the extra points make all the difference for me. I agree 1:2 with 60-70% is fantastic, I'm not quite there... averaging 55-60% success rate at the moment but I still make ...

Trading for a Living

Yes I can imagine that. I personally found it hard to manage one pair at the 5m timeframes. I'm not cut out for scalping yet.

Trading for a Living

Two over night winners when I woke up this morning: Long AUDUSD @ 1.03115 (28p target) +1.89% (Risk ~1.68% (24p)) Long GBPUSD @ 1.52765 (28p target) +1.84% (Risk ~1.65% (23.5p)) My risk is between 1-2%, tends to average around 1.7% over each 20 ...

Trading for a Living

I monitor around 20 pairs and silver, I update my journal/orders in the evenings which normally takes me about an hour. I do previous/upcoming week analysis on Sundays which takes longer (normally 3-4 hours). I trade 4H/1H charts so I normally see ...

Trading for a Living

Two over night winners when I woke up this morning: Long AUDUSD @ 1.03115 (28p target) +1.89% Long GBPUSD @ 1.52765 (28p target) +1.84%

Trading for a Living

Down 14% today and then set your account balance display to protected. Not looking good my friend. Put it all on red!

How many traders here can grow $11.88 to over $100k in 4 weeks

I use this hypothesis to explain why breakout zones are often revisited, the order book is manipulated with bids/offers & enough orders to fool others in an effort to drive price back in the opposite direction (I imagine this happens on the back of ...

Order Flow Trading

I spent some time using price tables (no charts) looking at rejection / congestion areas using level 2 data. I personally found it difficult to keep pace and due to the nature of fake bids & offers on the book and no real volume data... very ...

Order Flow Trading

Because the dinosaur is above the rocket?

Why do people use Fibonacci in trading?

That my friend is another signal that the market is over sold, I use it as a confluence indicator with the dinorocket indicator.

Why do people use Fibonacci in trading?

I think you're talking a lot of sense. I like the concept of "my target is whatever the market will give me".

Trading for a Living

I wouldn't say having a target implies the market will allow me to meet it. I could wish to run a mile in 4 minutes but that doesn't mean my body can do it. I guess what I was trying to say is what do you aim for? I aim for between 4%-6% per month, ...

Trading for a Living

What do you aim for per month?

Trading for a Living

Winning like charlie sheen yet?

How many traders here can grow $11.88 to over $100k in 4 weeks

I thought so too... turned out to be a false signal.

Why do people use Fibonacci in trading?