Martingale, as far as I know, is re-entering with double size as the market goes against you at a fixed number of pips each step. You may vary the step size. This modifies the expected outcome. Too short steps are highly profitable, until you are ...

Technical Analysis Fallacy

Hi leighsww, No correction intended, lol. Maybe MY terminology is not the most adequate...

Technical Analysis Fallacy

Hi leighsww, I was referring to the short term in general. I use to call "short term" a trade that spans from a few days to a few weeks, as opposed to intraday trading. On taking the wrong side in a short term trade, the rescue could easily extend ...

Technical Analysis Fallacy

An interesting way out rescuing intraday the short term trades... I tried short term rescuing and it was not a pleasant experience. I agree with you it is not appropriate to extend this discussion here. Does anybody know how to edit an attached ...

Technical Analysis Fallacy

Longer term x shorter term — Originally Posted by Zoran I'm still debating whether this can work over the longer term. Leigh had some very good points. We are not pros and I have always had better success trading on the longer timeframes. It ...

Technical Analysis Fallacy

Calculating rescue — Hi, Here is an Excel spreadsheet to calculate rescue. Just fill in the yellow cells (up to 8 levels - I recommend not to use them all ) and the breakeven level will show up in the green cells. It will also show each ...

Technical Analysis Fallacy

Leonlorenzo, Thank you for your kind words. Trading is difficult for everyone. I think I have found my way through studying, experimenting, taking risks, listening to everyone, knowing myself the best I can, and recently: reading FTI's lessons and ...

Technical Analysis Fallacy

Hi Leonlorenzo, I think lower than 30 minutes timeframe does not demand such a long testing period. The most important in statistics is correct sampling, especially the number of experiments. Daily or weekly trading should certainly demand something ...

Technical Analysis Fallacy

I think the author should say: "I can't trade any timeframe lower than 30mins and anyone who can is a better trader than me."

Technical Analysis Fallacy

Sometimes I take a small loss and revert as quickly as possible. I don't mind too much about losses. Sometimes I hedge and "profit" as the market goes against me. On releasing the hedge, I scale my losing (never against an important trend and never ...

Technical Analysis Fallacy

If you trade against the trend it sure is. Add to losing positions is suited only to correct wrong timing, not wrong direction. Counter trend pyramiding is simply a suicide. That's just my opinion. Good trading.

Technical Analysis Fallacy

On brokers, — Hi all, I think it is not advisable to trade serious money with any broker without reading this thread: url or this: url There is a lot of information about fake, unregulated and undercapitalized brokers in these two threads. ...

Technical Analysis Fallacy

Hi daytrading, Thank you for your reply. I think 100 ticks from margin call a bit too close. Recently I experimented a 74 pips move in less than 1 minute. Luckily, it was in my favour. I was at full load for a while but probably will never do that ...

Technical Analysis Fallacy

Internet risk — Hi all, What is the best solution to the internet risk in trading? If you play the shortest time frame, you play the biggest lot size affordable, right? Broker issues may be worked around by diversification. A trade may be ...

Technical Analysis Fallacy

Hi FTI and all, Could you please give me your opinion about InterbankFX? I have been with them for almost 2 years now. Would tell my personal experience has been perfectly professional so far. Thank you.

Technical Analysis Fallacy

Hi Pipal, May you disclose what broker are you talking about (if this is allowed by the forum rules and if you don't mind)? I have been using InterbankFX for 2 years. I think it is not ECN so doesn't suit FTI's needs, but it is working fine for me. ...

Technical Analysis Fallacy

An extremely lucky move — Hi fti, My equity jumped 43% in one minute. I think this wil never happen again. The luckiest move I have ever made in my life!! 14875912 2008.01.22 13:19 buy 1.28 eurusd 1.4497 0.0000 0.0000 2008.01.22 13:20 1.4571 ...

Technical Analysis Fallacy

Hi FTI, Gathering statistics in demo mode trading EURUSD, in my up to 2 and a half hours 2 times a day training sessions. 8 sessions till now (one week). Morning better than night. Best: 29,27% in 22 minutes (today NY opening). Worst: -11,28% in 80 ...

Technical Analysis Fallacy

Hi FTI, Thank you very much for your prudent advice. I was already becoming uncomfortable with the lengthy exposure and decided to plan another way of coping with the lack of time to follow the market. I made a "slightly" different arrangement: 5 ...

Technical Analysis Fallacy

Hi Faqcya, Thank you very much for your reply. I found your ideas about the market very enlightening and well explained. I think you developed a good and logic style of trading. I would appreciate a lot discussing some other points but I am new in ...

Technical Analysis Fallacy