Sounds fancy but show me someone who can do this successfully on a live account above 10k and produce profits over 12 months and I would believe it's possible. IMO, it's simply an excuse for most beginners not to systematise their trading. Not ...

Attack vs Defense trading style

So the gist of the system is simple... Most of the time I'm taking small losses/small gains/break-even days. On average once a week I'll probably land a trade that doubles my account. (5R and above) And then I'll drawdown maybe 20-40%, and then ...

Testing High Leverage Compounding

Not sure if i should toss out Bank Holidays from my trading days... It's a bit mixed... Sometimes there are some really good moves on these days. Only problem is the volatility can be really pathetic too. Think I'll stick with trading them for ...

Testing High Leverage Compounding

I read a couple of papers that tested it... can't rmb the source but probably can find.

Testing High Leverage Compounding

Gaps filled... some chance of a bounce/reversal here... stops at BE.. target 0940 Done for the day even though it was a double bank holiday... busiest day of trading so far... (and maybe most profitable too)

Testing High Leverage Compounding

On my ECN feed there are some intraday gaps on the 1 min chart below at 680, I think it's trying to fill those before moving anywhere else.

Testing High Leverage Compounding

invalidation point? giving a bias without risk is pointless.

Testing High Leverage Compounding

Big drop in EU impending... Invalidated if break above 9800

Testing High Leverage Compounding

Look at Hayseed's profile. He trades about ALL the pairs and he is only in trades slightly more than 50% of the time. url So if you assume half of those trades are correlated, then it boils down to about 5% of the time per pair. That's it.

Testing High Leverage Compounding

The question you should be asking all the time... If I enter a trade now, do I have an edge or am I just speculating on this current trade? If you're a discretionary trader, YOU are the system/edge. It's tough to answer this question unless you have ...

Testing High Leverage Compounding

The Often Overlooked Metric Yeah, according to my edge, 95% of the market movements are random. That seems about right to me. Of course different' edges will spot different pockets of predictability but overall, it should be quite a low %. If you ...

Testing High Leverage Compounding

Updated explorer to reflect correct start date for Attempt Beta

Testing High Leverage Compounding

Ok. I gave it some thought. Going to dial my max risk down to 20% instead of the current 40. So the plan now is 20% risk until 50k, then 10% until 200k, and 5% until 500k. Estimated timeline is 2-3 years. Thanks for the comments/suggestions!

Testing High Leverage Compounding

I'm quite confident in mine. Only issue is now the break-even days/weeks slight wins are becoming loss days because of the asymmetry in gains. For example last week Wed and Thurs I had two winners, netting around 1.5R in total. But then Friday's ...

Testing High Leverage Compounding

I hesitate to say this but I've not seen conclusive proof that S/D zones indeed have an edge. round numbers do though. I've seen statistical evidence proving it.

Testing High Leverage Compounding

There's a slight problem here. Typically, if I risk 1% or even 5% per trade, there's no real asymmetry in the gains. I can start the day with a 1.5% loss, and then end with a 2% gain for a positive day. Now, risking 40%, once I start the day with a ...

Testing High Leverage Compounding

EUR/USD Short Stop out for +50%. image

Testing High Leverage Compounding

The move on EU is drawing liquidity into the market. Could see a range expansion soon.

Testing High Leverage Compounding

IMO, if trading was more like gambling in a casino, then maybe fewer traders will lose and we will see more winners. After all they can't ban you from trading like they can ban card counters from casinos. It's precisely because it's not a ...

Here's the answer to "Can I make a living from forex"

There was someone who posted last weekend (8 days ago or something) about buying euro once it gets to 1.08-- something. I can't seem to find the post because he/she deleted it. I remember thinking that one made the most sense.

EURUSD