I believe if you can build a system to just have a positive expectancy over several years of data, tweaking it slightly every six months or so can make it very profitable to trade. For example, if your system is dependent or feeds off volatility, ...

What actually works.

Do you take profit at least 60% of the time? Because you need to be right at least 60% of the time, not even taking into consideration spread, to breakeven, much less be profitable. Don't take offense to this, but if everyone was doing it, they ...

Breakout Strategy - The Pro's Way

Just the information already in this thread, although scarce, can lead to many different breakout strategies, in my opinion. Keep in mind there isn't one type of breakout. There are literally dozens of profitable breakout strategies that can be ...

Breakout Strategy - The Pro's Way

Breakouts in forex can be extremely profitable, but that doesn't mean that yours is. Since there is nothing that you told us, it's hard to tell you anything. Can you show us a few hundred backtested trades and their results?

Breakout Strategy - The Pro's Way

Why would you test a system over decades of data? Do you really think the market in 1982 is the same it is today? Every system that is even remotely profitable in the long term needs to be "optimized" at least once a year, usually a lot more, ...

What actually works.

Hey, nice quote!

CounterTrend Trading

Yeah, but weren't you an exotic dancer before you turned trader? Not much of a comparision in my opinion.

Can anyone tell me a good indicator for 5m charts?

Thanks for the great setup Cezary, I put my whole trading account on it.

USD/CHF

Yes it is possible, but not likely.

Market Movement

Well, good for you.

Talk about a way to start a day off

Then you would know that a 1K account with 80% return a month for one year would be worth over a million now. Not bad, you've taken $1,000 and turned it into $1,000,000. I'm impressed. Why would a millionaire such as yourself need our advice?

Talk about a way to start a day off

Do the casino owners in vegas rely on luck? No, they rely on probability. Trading is no different; you just have to be on the right side of the probability. If you think it's luck, you'll have more fun losing your money at the dog track.

question for the veteran traders

This forum is not touchy-feely! This is serious stuff here. Rogue, can I get a hug?

CounterTrend Trading

Not a recommendation, and I don't know which broker Typurss uses; however, FX Solutions has both hedging and high leverage.

Live Account Trades!!!!

If it doesn't work you're at a loss. It just seems to me you're playing a coin toss. The point of hedging is to neither take a profit, nor take a loss, at least in a situation like this. So if that's your goal hedge it with the same pair, or just ...

How do you use correlations?

Are you saying that hedging with a highly correlated pair means you are convinced? To me it still says you don't know where the market is going, which is that feeling you're referring to. To me you just wouldn't hedge a position if you didn't WANT ...

How do you use correlations?

I know the topic is correlation, I was just stating that in my opinion correlation has nothing to do with either side. You either close the position and reopen or hedge it with the same pair, hence no correlation. However, regarding the comment ...

How do you use correlations?

I agree experienced traders are the best for the forum, but sometimes egos get in the way. No offense. I think what Phil was saying, was to close your position before news, and reopen it after the news regardless of what the news outcome was. This, ...

How do you use correlations?

Why don't you explain it to us like we're seven? Is this a contest on who's the smartest or an open forum to help those that "still have some revelations ahead"?

How do you use correlations?

Wait, didn't Nastradamus predict a couple trend reversals? Damn, I need to get my old scrolls out...

CounterTrend Trading