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shellsnail replied May 18, 2015Done with London session +50% ... Have large open buy trade running with stop at BE and jumping stop 20 pip... see how it goes
The scaling in edge I developed over the weekend is working brilliantly. My stop on this open trade was 3 pips.Testing High Leverage Compounding
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shellsnail replied May 17, 2015Yes that's how they are formed on the lower TFs. Since I'm trading with the trend, I wouldn't consider the reverse entry... Often it even is a false break, or it simply doesn't have the fuel to travel far... So I would always wait for the trend entry ...
Testing High Leverage Compounding
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shellsnail replied May 17, 2015All pairs have started to move counter-trend... now just have to wait for trend change on 5 minute for entry. Rmb, it's better to wait for momentum to shift than to catch a falling knife on the higher time frame charts (5min and above)
Testing High Leverage Compounding
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shellsnail replied May 17, 2015imo euro about to explode into break-out up.
Testing High Leverage Compounding
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shellsnail replied May 17, 2015Asian pairs in focus AUD/CHF Short EUR/JPY Long EUR/NZD Long GBP/AUD Long GBP/NZD Long NZD/CHF Short NZD/JPY Short NZD/USD Short In summary: Short AUD Short NZD against GBP and EUR or CHF pairs basically.
Testing High Leverage Compounding
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shellsnail replied May 17, 2015The simple answer is that price is trapped in a range. Typically during high volatility periods, we don't expect ranging, but it happens sometimes. The key is to stay out of the market when it happens and only get in when the range breaks. usually, ...
Testing High Leverage Compounding
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shellsnail replied May 17, 2015Different Trading Paradigms In this thread I've approached trading mostly as a Science and a game, in which there are certain principles and causal dynamics and that as participants we have to operate based on rules we define. But one could also ...
Testing High Leverage Compounding
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shellsnail replied May 17, 2015Thanks. I do really need some luck because depending on how my system performs over the next few weeks it could mean a successful first run or it could mean a couple of blown accounts! Ironically, if my starting balance were $5000 this would be ...
Testing High Leverage Compounding
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shellsnail replied May 17, 2015But my issue with relying on "feel" or flow is that these things can break down. The weakest link is human psychology in this whole endeavour. Sure we can strengthen our decision making skills and resolve etc. but they tend to break down when we ...
Much of Forex talk is illusional esoteric talk
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shellsnail replied May 17, 2015Questions to ask if you are not profitable: 1) Are you trading with the HTF and MTF trend? 2) Are you taking into account market volatility to size stops and profit targets? 3) Are you using trailing/jumping stops? 4) Are you trading during times of ...
Much of Forex talk is illusional esoteric talk
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shellsnail replied May 17, 2015Wow that's surprising, considering they roped in so many soccer stars, and they talked themselves up so much.
Tim's £500 marathon. Goal £1 million
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shellsnail replied May 17, 2015How do you know what you are saying is true? i.e. the part about "the market is essentially a dynamic beast so there are probably no repeated market conditions at any point in time..." Personally I used to think that as well, but it's just a belief ...
Much of Forex talk is illusional esoteric talk
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shellsnail replied May 17, 2015This is assuming everyone is risk neutral. In most cases that is not true. For risk-averse agents such as the farmer, he is willing to pay X$ of certainty equivalence to get the certain outcome. So even though he ends up with less $, he is better ...
Tim's £500 marathon. Goal £1 million
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shellsnail replied May 17, 2015+1. Yes. For intraday/short-term (non-scalpers) traders, 4H trend is KING. As far as I can see, the 4H trend has been up since 16th April, with a slight dip/trend-break scare early this week, only to resume its upward momentum. If you've only traded ...
EURUSD
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shellsnail replied May 17, 2015Well, staying true to the thread's title... Testing a different sort of High Leverage Compounding.. I've eyed Rag2Riches' thread for nearly a year now. The bottleneck has always been a consistent, repeatable edge that I am comfortable trading ...
Testing High Leverage Compounding