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shellsnail replied May 21, 2015Done for London session... Trade management complete. image Usually I would stay and trade GU (shorts) but today have got to go out and handle some important matters. Will be back for NY session. tada.
Testing High Leverage Compounding
- shellsnail replied May 21, 2015
The funny thing about these counter trend trades is that they have the exact same entry trigger as my trend trades EXCEPT the context surrounding it is different.
Testing High Leverage Compounding
- shellsnail replied May 21, 2015
Yet another EUR/USD counter-trend trade to start the day.. image This time, looks like it might hit TP.
Testing High Leverage Compounding
- shellsnail replied May 20, 2015
Try This: If you are currently struggling with your trading, give this a shot. Cut your trading hours to LO -1H to LO + 2H and NYO -1H to NYO +2H. Beyond these hours, you wouldn't initiate any new trades (but you may perform trade management). Pick ...
Testing High Leverage Compounding
- shellsnail replied May 20, 2015
The Demo Profit Trap It's very easy to trade on a demo using discretion or a mix of discretion and rules and rack up huge profits. Because 1) randomness means that any series of wins and losses is possible 2) discretion works well when psychological ...
Testing High Leverage Compounding
- shellsnail replied May 20, 2015
Food for thought: We have seen recently the abrupt trend change in EUR/USD. How well does your system handle trend changes? What are the mechanisms you have put in place to prevent over-trading and getting a string of losers in a trend change?
Testing High Leverage Compounding
- shellsnail replied May 20, 2015
hmm. Couldn't get an entry set-up before the time ran out! London session was +0.66R (27.4% gain). Risk taken on trade was 0.5R (20%) as it was Counter-trend trade. Nothing for NY... Have shutdown my platform to prevent repeat of yesterday.
Not ...Testing High Leverage Compounding
- shellsnail replied May 20, 2015
Hmm the scaling in is definitely having some effect on my profitability on the demo acct. This trade looks like it'll run to TP. If so, it'd be the 2nd profitable trade that scaling in 'lost'. The real question now is, whether the RR is worth it.. ...
Testing High Leverage Compounding
- shellsnail replied May 20, 2015
Finally some CT action on EU.. This opens up the pair again. A dip here would be nice to short.
Testing High Leverage Compounding
- shellsnail commented May 20, 2015
By the time we see "confirmation" the trend is already over.
Euro breaking key technical levels to confirm a change of outlook
- shellsnail replied May 20, 2015
EU is hopeless today. Has moved down way too much without any counter-trend action for it to be an attractive short. Watching GU, if it starts dropping, may have a good short around NYSE Open.
Testing High Leverage Compounding
- shellsnail commented May 20, 2015
Now they're just regurgitating old news.. This was released over the weekend. url
Greece Will Not Make June 5 IMF Loan Repayment if No Deal with Lenders is reached - RTRS
- shellsnail replied May 20, 2015
Back in action The day starts off with a Easter Egg Counter-trend trade on the euro. image This set-up has a pretty good success rate of at least BE usually 20+ pips, sometimes TP. But most importantly it keeps me away from taking trend entries ...
Testing High Leverage Compounding
- shellsnail replied May 19, 2015
Compare GBP/AUD image With GU Long from last week image Bounce here???
Testing High Leverage Compounding
- shellsnail replied May 19, 2015
Asian Session Pairs in Focus Long GBP/AUD Short NZD/JPY
Testing High Leverage Compounding