Mistakes There are in general two kinds of mistakes -- mechanical errors & decision errors. The former is when you press sell instead of buy or you accidentally open an order when you didn't intend to etc. these can be fixed fairly quickly and ...

Testing High Leverage Compounding

CHF/JPY Long image tried to scale-in. A bit too aggressive/early. Stopped out at BE. Trade may still run but don't see favourable entry point. Have to let this one go... Not sure if the entry should be repeated. perhaps with a looser stop in the ...

Testing High Leverage Compounding

CHF/JPY Long image This initiates a short JPY position and thus EUR/JPY long will not be taken as per rules to not take correlated trades. Loser warning: I lose or BE 75% of my trades. Follow at your own risk.

Testing High Leverage Compounding

The Nature of (Day) Trading "Many traders believe that their aim is to forecast future prices. The amateurs in most fields ask for forecasts, while professionals simply manage information and make decisions based on probabilities. Take medicine, for ...

Testing High Leverage Compounding

Hey thanks for the vouch. Means a lot to me. Hope to see you around!

Testing High Leverage Compounding

EUR/JPY, CHF/JPY, AUD/NZD All 3 setting up for longs... Looks like I was wrong earlier to predict no trades today.

Testing High Leverage Compounding

Volatility as a Fractionally Integrated Process From Wikipedia: In statistics, autoregressive fractionally integrated moving average models are time series models that generalize ARIMA (autoregressive integrated moving average) models by allowing ...

Testing High Leverage Compounding

BTW the trading results you see above are almost definitely due to LUCK. I reiterate, these are the numbers I expect to see in the long run. Expected Win-Rate: 15% winners, 35% breakeven/partial win, 50% losses. Expected Max Drawdown: 40~50% ...

Testing High Leverage Compounding

Asian Session Pairs in focus: AUD/NZD: long CHF/JPY: long EUR/JPY: long Probability of a trade today is very low. Most likely no trades/counter-trend session. fyi, it took me less than 2 minutes to narrow down from 15 pairs to 3 pairs and to decide ...

Testing High Leverage Compounding

EUR/USD Long Trade Review image What went well? 1. Managed to scale-in. 2. Entry and trade management were impeccable. 3. Reacted to news well and removed TP accordingly. What went wrong? 1. Still feel that I am not aggressive enough with the ...

Testing High Leverage Compounding

Intraday Trend Trading Works Another demo account of mine that I've retired. This one trades a strategy close to my live account, but has similar principles to this system here. image Notice the low profitability but good profit factor... hence ...

Testing High Leverage Compounding

Goal-Oriented v.s. Process Oriented When I am trading my live account, I will close my open trades/account balance tab. Before each trade, I will determine the lot size to use based on my current balance and then I would close the tab. I wouldn't ...

Testing High Leverage Compounding

What is high leverage? In my opinion, anything above 1:10 is extremely high leverage. Look at other instruments, you are rarely able to trade them with more than 1:5 leverage. FX is unique in this sense because the leverage offers tremendous ...

Testing High Leverage Compounding

Scale-in Follow-up Previously I mentioned that it is difficult to scale in. So far all the winners have been high momentum moves, further reaffirming my belief that I should adopt a more aggressive scale-in strategy. But don't want to jump to ...

Testing High Leverage Compounding

In a similar trade on my live acct image

Testing High Leverage Compounding

SL Shift to 060 level Note that this was my initial profit target. image

Testing High Leverage Compounding

Scaled in twice so far. Stops are tight. I estimate this should run around 60 pips more today at least, but a stop out here is fine too with good profit. image

Testing High Leverage Compounding

EUR/USD Long Seems to be setting up for a massive move. If retail & institutional stops above are taken out... could run for 400 pips from here.

Testing High Leverage Compounding

Trade Management: TP Removed because of key news differing from expectations significantly. Expecting a runner, may keep overnight. SL shifted up to 050.

Testing High Leverage Compounding

EUR/USD LONG Trade Management: SL at BE image

Testing High Leverage Compounding