After filtering with fundamentals and technicals, I am left with Long GBP/AUD Long EUR/AUD Short AUD/USD as pairs in focus for Asian session later. The general strategy will be to enter on retracements.

Testing High Leverage Compounding

This will be a weekly review where I look at the events for the past week and think about how they might affect the currency pairs and also a preview of the following week's news. ## AUD May 27: Construction Work Done q/q: -2.4% / -1.5% / -0.6% May ...

Testing High Leverage Compounding

meow. good luck; subscribed because cat.

Cat's whiskers

Some Changes Swapped out the Demo account with a US-Cent Live Account. Reason being I am intending to incorporate discretion into the approach and this means a demo account is meaningless. I will use the same rules as the demo for basic filtering of ...

Testing High Leverage Compounding

Applying The Kelly Criterion image First of all, no I am not saying you should use this formula to size your positions. But instead, let us consider what it really means and use it to inform us how we should approach the market. The Kelly ...

Testing High Leverage Compounding

A problem that I struggled with for a long time (and how I solved it) I am quite sure I'm not the only one affected by this so I hope this post may be useful for some of you. For a long time, I would observe patterns on charts on higher time frames, ...

Testing High Leverage Compounding

Updated post 1 with Rules for Thread: You are welcomed to post here but please follow these guidelines 1. No commercial agenda please. (or links to the commercial section) 2. Keep the tone of the discussion positive. 3. If you want to make ...

Testing High Leverage Compounding

"You could spend 12-plus hours per day researching the markets but if you don't have a consistent way of making decisions, then it's all for naught. If your trading logic is flawed, then each marginal hour of work may worsen your returns, rather ...

Testing High Leverage Compounding

Van Tharp studied top traders for many years and listed the top 5 mental beliefs they share: 1. Money is not important. 2. It is OK to lose in the markets. 3. Trading is a game. 4. Mental rehearsal is important for success. 5. They've won the game ...

Testing High Leverage Compounding

Trading cannot be the most important thing in your life. Mike made a brilliant point in one of his videos that I think few people would understand and pick up on. But here it is: to succeed at this game long term, trading cannot be the most ...

Testing High Leverage Compounding

Some Quotes for the Weekend "Great traders can barely be right more than 50% of the time, yet still be legendary traders." "If you can't be scalable then why are you actually in this game?" "Many people say I know it when I see it, or feel it. No ...

Testing High Leverage Compounding

Our job is not to make money. Our job is NOT to be right. Our job is to make excellent risk/reward trades- One Good Trade. url url

Testing High Leverage Compounding

Lesson 1: Draw on Emotion to Become a Change Agent Try this exercise. Before you start trading, seat yourself comfortably and enter into a nice slow rhythm of deep breathing. Imagine yourself — as vividly as you can — starting your trading day. ...

Testing High Leverage Compounding

It frustrates me that I only have one edge and it can only be applied during certain hours and on selected pairs. The next step in my trading journey is to expand my arsenal of edges and look into algorithmic trading so that I can have multiple ...

Testing High Leverage Compounding