For asian session: Pairs in focus AUD/CAD - short AUD/JPY - long EUR/NZD - long CAD/JPY - long NZD/CHF - short NZD/JPY - short USD/JPY - long

Testing High Leverage Compounding

GBP/USD Long TP Hit, +135 pips, 19.6% gain image What went well? - SL worked well. - Trade management was perfect. - Was ready for news. What went wrong? - A bit unsure about the scaling-in rules. What could be better? - Currently the scaling-in ...

Testing High Leverage Compounding

Well interesting development, the odds of it hitting my TP has increased (stopped out for short). Nothing much to do now. Not gonna be trying to scale in -- I'm shifting my attention away from GU and demo and looking at EU for shorts on LIVE soon.

Testing High Leverage Compounding

And so I went short on my live account... lol most likely this demo buy trade will get stopped out. but who knows.

Testing High Leverage Compounding

The situation now is in a bit of a conundrum. This current retrace is too shallow to count, and if price spikes here, the intraday trader I am will want to short it in my live account. Whereas if the retrace gets too deep, it'll take out my ...

Testing High Leverage Compounding

No news is good news. Should continue trend move in NY session or maybe tmr london.... Looking for scale-in entry on 1min chart now. My scale-in rules are problematic. May tweak it as time goes on... Looking at 020 levels to see if I can add ...

Testing High Leverage Compounding

Trade Management SL shifted up to 1.5450. image

Testing High Leverage Compounding

News Management: Remove TP if major news release (interest rate/unemployment/central bank) that was highly unexpected. Let Jumping Stop take me out. Watching 12pm news release very closely. If we get a surprise rate hike or something really ...

Testing High Leverage Compounding

Trade Management SL at Break-even. image

Testing High Leverage Compounding

This point simply cannot be overstated.

The Importance of Knowing When Not To Trade

But I left out something important, that underlies the 3 parts of the trading system. That is your trading philosophy. If you don't understand WHY your system works, or what the heck you are doing, or what the principles for long-term success are, ...

Testing High Leverage Compounding

fyi, this is what a complete system looks like. The so-called systems in the trading systems forum are more like trading "edges" that you can use to build a system. Imo a system/strategy consists of at least 3 parts: 1. Trading edges/filters 2. ...

Testing High Leverage Compounding

GU survived the retrace and is looking good. Seems like a classic 000 line bounce after consolidation. Expecting at least a break-even on this trade but from experience, it's probably a winner. image

Testing High Leverage Compounding

Pairs in focus today. EUR/NZD -- long GBP/JPY -- long GBP/USD -- long Long GU taken image

Testing High Leverage Compounding

Alright thanks very much! My friend once mentioned using Python to crawl lots of data from the web, dya think it would be a one of the good alternatives to look into for this case here?

Hanover replies to PMs

15 min chart. Use RSIOMA going from < 50 to > 50 to quantify a up-swing. For a upswing, the largest bar in that swing above or just below the 200EMA is the demand bar. Use the opening price of that bar as demand. vice-versa,

Supply/demand zones: How does a trader determine these areas?

Not exactly a fair comparison. With such high win ratio, the odds of losing 10 trades in a row/risk of ruin is close to zero. Trader A can thus risk a much higher %, say 10% of his account per trade. 0.9^10 = 0.34. This using your benchmark of 10% ...

Probability, Expected Value, & High-Risk Trading

Try AUD/JPY. Edit: I forgot to add. SL 1000 pips, TP 1000 pips. Good luck.

Sell EURAUD in May for 1000 pips

Thanks! Did you use a crawler for this, if so, what programming language did you use and any resources you can direct me to to learn how to build/write one?

Hanover replies to PMs